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 […]

UAE’s Agthia Group posts Dhs3.27bn in nine-month revenue

UAE food and beverages group Agthia said its net revenue in the first nine months of 2023 rose by 10.9 per cent to Dhs3.27bn year-on-year (YoY), driven by a robust performance from the snacking and agribusiness segments as well as a more competitive and price-sensitive backdrop in some markets. The group’s snacking segment, product and […]

EDGE acquires majority stake in autonomous air systems developer ANAVIA

The UAE’s EDGE Group has announced the acquisition of a 52 per cent majority shareholding in ANAVIA, a Switzerland-based company that specialises in the design, development, and manufacturing of versatile vertical take-off and landing (VTOL) systems of up to 750 kilogrammes. The acquisition will see EDGE become a market leader in this highly-specialised yet growing sector. ANAVIA produces […]

IHC consolidates ‘green businesses’ assets under Sirius International

Abu Dhabi conglomerate International Holding Company (IHC) is consolidating key ‘green businesses’ assets under its subsidiary, Sirius International Holding, leveraging disruptive technologies to engineer ‘sustainability solutions’ that combat climate change. The transfer of the four entities is aimed at driving digital transformation through investments. “The ownership transfer will include Green Energy Investment Holding, Green Enterprise […]

UAE, Bosnia and Herzegovina announce visa-free travel for multiple categories

In an effort to fortify cultural ties, encourage economic development, and promote tourism, the UAE and Bosnia and Herzegovina have formally agreed to facilitate visa-free travel between the two nations. The declaration was made during the signing of a Memorandum of Understanding (MoU) on visa exemption. UAE-Bosnia and Herzegovina visa-free travel The signed MoU, established […]