DEWA’s Q3 revenue jumps 10.2% on demand
Dubai Electricity and Water Authority (DEWA) has reported a 10.2 per cent increase in Q3 2023 revenues to Dhs9.4bn ($2.5bn), driven by higher demand for energy, water and cooling services in the city. “DEWA’s revenue growth of 7.4 per cent was mainly driven by electricity demand growth of 6.4 per cent, water demand growth of […]
Looming Emirates 777X deal to kick-start Dubai Airshow: Report
Middle East carriers look set to order tens of billions of dollars of long-haul jets at the opening of the Dubai Airshow on Monday, as Emirates renews confidence in the delayed Boeing 777X while facing new competition from rivals like Turkish Airlines. Hosts Emirates and low-cost cousin flyDubai are expected to stamp their mark early […]
UAE’s Lootah Biofuels strikes agreement with Atmosphere Core
Lootah Biofuels, a circular economy company that produces biofuel from cooking oil in the UAE, has entered into a partnership with hospitality company Atmosphere Core for the latter’s properties in the Maldives. The MoU was signed earlier this month and both entities will now work towards building a circular economy in the Maldives and introduce […]
Dubai approves major plans to boost economy, extends policy banning single-use plastics
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council, approved a set of new initiatives to enable growth in Dubai’s industrial sector, incentives for the agricultural technology sector, and a policy banning single-use plastics, at a recent meeting of the council. Sheikh Hamdan said: “We approved […]
Dubai Airshow 2023: Here’s how you can watch spectacular flying displays daily
Skyview, the purpose-built grandstand arena, is welcoming the general public, including families and children, to witness the spectacular daily flying displays at Dubai World Central (DWC), during the Dubai Airshow from November 13-17. What’s in store for visitors Visitors at Skyview will be able to watch all the live action from the runway. They will […]
Dubai Airshow begins on Nov 13, advanced aerial mobility takes centre stage
Held under the theme: ‘The Future of the Aerospace Industry’, the 18th edition of Dubai Airshow features a AAM pavilion this year in addition to the aerospace, space, and defence pavilions Drones, unmanned aerial vehicles (UAVs), urban air mobility (UAM), and electric vertical take-off and landing aircraft are gaining prominence as the world looks to […]
UAE President, Qatar Emir call for de-escalation in Gaza
UAE’s President Sheikh Mohamed bin Zayed Al Nahyan and the Emir of Qatar Sheikh Tamim bin Hamad called for an immediate ceasefire in the Gaza Strip to facilitate the delivery of humanitarian aid through secure and unimpeded channels. President Sheikh Mohamed and Sheikh Tamim emphasised the need to prioritise the protection of civilians in accordance […]
TAQA Group posts Dhs15bn in nine-month net income
TAQA, also known as Abu Dhabi National Energy Company, has posted Dhs15bn in nine-month net income, an increase of Dhs8.5bn, driven by a one-off gain of Dhs10.8bn recognised on the acquisition of a 5 per cent shareholding in ADNOC Gas. Net income was offset, in part, by a one-off Dhs1.2bn deferred tax liability associated with […]
Dubai Taxi Company intends to float its shares on DFM
Dubai Taxi Company (DTC), a leading provider of comprehensive mobility solutions in Dubai, has announced its intention to proceed with an initial public offering (IPO) and to list its ordinary shares for trading on the DFM. The selling shareholder expects to sell 24.99 percent of the total issued share capital of DTC (equivalent to a […]