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Tourism leaders from around the world will explore how entrepreneurship and innovation are transform ...
·Arabian Travel Market 2024 will take place from 6-9 May at DWTC, with the theme: ‘Empowering Innovation: Transforming Travel Through Entrepreneurship’ The sold-out Travel Tech space at this year’s edition of ATM will be 56% larger than in 2023, with sector participation growing by a third, year on year ATM 2024 ......Read More
Friday, April 19, 2024
UAE to host Second Gulf Metrology Forum in Dubai with focus on sustainability
The forum is expected to draw broad international participation as industry leaders are set to discuss how Metrology can boost sustainability and stimulate trade. Dubai-UAE. 17 April 2024: The UAE is set to host the Second Gulf Metrology Forum in Dubai on 22-23 April where industry leaders will discuss the critical role of Metrology in achieving net zero targets and enhancing economic growth. The forum is jointly organized by the Ministry of Industry and Advanced Technology (MoIAT) and GULF Association for Metrology (GULFMET) with sponsorship from the Abu Dhabi Quality and Conformity Council, which is represented by the Emirates Metrology Institute, with its responsibility for ......Read More
Thursday, April 18, 2024
Diriyah Company Group Ceo Jerry inzerillo appointed united nations Tourism Ambassador
Prestigious accolade granted in New York during first ever UN Sustainability Week Honor granted to recognize Jerry Inzerillo’s career-long commitment to innovation in visionary tourism development Joins elite group of nearly 50 tourism ambassadors from business; sport; the arts and gastronomy who include Georgio Armani; Lionel Messi and Placido Domingo NEW YORK – APRIL 16, 2024 – Diriyah Company Group CEO Jerry Inzerillo has been appointed a United Nations Tourism Ambassador during the first ever UN Sustainability week in New York. The accolade recognizes his achievements as a global visionary in the hospitality industry and internationally acknowledged ......Read More
Tuesday, April 16, 2024
Majid Al Futtaim's ‘State of the UAE Retail Economy' Report Reveals Double-Digit Consumer Spending I ...
The UAE’s GDP grew by 3% in 2023, backed by a strong performance in its non-oil sectors. UAE consumer spending rose 13% year-on-year in 2023, propelled by a 14% increase in retail spending and a 12% increase in non-retail spending. E-commerce spending continued growing in 2023, with a 15% growth rate since 2022. Travel and tourism contributed as major economic drivers for the UAE, with hotel occupancy hitting a record high of 77% in 2023. Property prices in Dubai increased by over 20% annually in 2023, making the city the second-fastest growing real estate market in the world. UAE residents show confidence in their future, with 91% of respondents to the Majid Al Futtaim ......Read More
Friday, April 5, 2024
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OQ Group Reports OMR 970 Million Profit in 2023, with 408 Million OMR in ICV
Muscat, April 2024 – OQ, the global integrated energy group, released today its financial results for 2023. The company reported a revenue of OMR 13.7 billion, earnings before interest, taxes, depreciation and amortisation (EBITDA) of OMR 1.975 billion, and a net profit of OMR 970 million. This outstanding performance reflects robust operational achievements across the Group's businesses. Key factors included increased production volumes, strong Oman Export Blend (OEB) and refined product prices, operational excellence across the assets, and gains from divestment activities. The achievement of this level of operational, financial, and strategic performance in 2023 reflects ......Read More
Thursday, April 4, 2024
Growing UAE Saving Culture Propels National Bonds Investments to Record AED 14 billion in 2023
National Bonds distributed AED 2.9 billion in profit payouts and prizes Bond holders have earned up to 5.84% in returns on their savings for 2023 Dubai, UAE, 02 April 2024: National Bonds, a leading Sharia-compliant savings and investment company in the UAE, today announced another remarkable year marked by significant growth, ......Read More
Wednesday, April 3, 2024
UAE and Kenya sign Investment Memorandum to advance digital infrastructure and AI initiatives
UAE and Kenya sign Investment Memorandum to advance digital infrastructure and AI initiatives His Excellency Mohamed Hassan Alsuwaidi: “This memorandum is set to accelerate the development of a sector that has the potential to become a growth driver for other industries” Abu Dhabi, UAE, 29th March 2024 – The ......Read More
Saturday, March 30, 2024
ADNOC Distribution Shareholders Approve New Five-Year Dividend Policy As Company Reinforces Focus On ...
Shareholders approve H2 2023 dividend of AED1.285 billion (10.285 fils per share), bringing 2023 total dividend to AED2.57 billion (20.57 fils per share) ADNOC Distribution has provided shareholders with a 90% return on their investment since its initial public offering in 2017 New five-year dividend policy sets annual dividend of ......Read More
Thursday, March 28, 2024
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Hotpack Global MD emerges Founding VC of Paper and Tissue Business Group at Dubai Chamber of Commerc ...
Dubai – March 28, 2024: Mr. Abdul Jebbar P. B., Founder and Group Managing Director of Hotpack Global, the UAE-based global leader in packaging products, has been appointed as the Founding Vice Chairman of the Paper and Tissue Business Group under the esteemed Dubai Chamber of Commerce, says a press statement issued by the ......Read More
Thursday, March 28, 2024
Abu Dhabi Chamber and UAE International Investors Council Sign Collaboration Agreement to Promote th ...
Al Qubaisi: The agreement comes in alignment with our ongoing endeavor to extend bridges of cooperation with investors worldwide, fulfill their aspirations, and provide them with more investment opportunities, enabling them to thrive locally and internationally Al Jarwan: We are keen to extend bridges of cooperation and forging ......Read More
Wednesday, March 27, 2024
Green Metal Industries to set up a $100m Steel Recycling and Production Facility in KEZAD
Facility on 116,000 sqm land will recycle scrap metal into high-quality special steel products Abu Dhabi, UAE – 27 March 2024: Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones, and UAE-based Green Metal Industries today announced the signing of an agreement for the ......Read More
Wednesday, March 27, 2024
Arabian Travel Market's sold-out Travel Tech area sees 56% year-on-year growth as leading brands pre ...
ATM 2024 to host more than 100 Travel Tech exhibitors from 6-9 May at DWTC Sponsored by Sabre, the ATM Future Stage – formerly the Travel Tech Stage – will feature over a hundred expert speakers and a range of cutting-edge innovations Dubai, United Arab Emirates, 26 March 2024: More than 100 of the world's leading travel technology ......Read More
Tuesday, March 26, 2024
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Mai Dubai Receives a Green Certification for Hosting at Moro Hub Green Cloud
Dubai, UAE, 23 March 2024: Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (PJSC), presented a Green Certificate to Mai Dubai, the UAE’s leading bottled water company. The Green Certificate was presented to Abraham Kah Chief Executive Offier of Mai Dubai by Mohammed Bin Sulaiman, Chief ......Read More
Saturday, March 23, 2024