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United Arab Emirates
Banking & Finance
UAE’s IHC and India’s Adani ink AED 7.3 billion contract
IHC provided capital through preferential allotment route
Telecom
UAE’s e& becomes Vodafone’s biggest shareholder
The group confirms $4.4 billion acquisition of Vodafone
Economy
led by Sheikh Mohammed bin Zayed, the UAE will thrive
Central Bank Governor: This will reflect on the UAE progress and prosperity
United Arab Emirates
WAM: Federal Supreme Council elected Sheikh Mohamed bin Zayed UAE President
He succeeds his brother Sheikh Khalifa bin Zayed, who passed away yesterday
Logistics
Careem, Hala collect customer tips to honor drivers
Tips reached over 1.2 million dirhams in Ramadan
Energy
The UAE launches new global tree-planting initiative
The initiative is part of Kyndryl’s global sustainability program
Hospitality & Tourism
Emirates airline announces significantly lower annual loss
Losses amounted to $1.1bn, down from 5.5bn in 2021
United Arab Emirates
The passing of UAE President HH Sheikh Khalifa bin Zayed Al Nahyan
Official mourning and flags at half-mast for 40 days
Hospitality & Tourism
Dubai’s Arabian Travel Market draws roadmap for tourism’s future
The event attracted over 23,000 visitors amid wide global participation
Economy
The UAE celebrates the listing of first AED-denominated T-bonds
The issuance of two tranches was valued at AED 1.5 billion
Hospitality & Tourism
Etihad Airways generates $272.2 million in revenues in Q1 2022
Abu Dhabi Convention & Exhibition Bureau, Etihad Airways sign MoU
Hospitality & Tourism
Dubai Airport receives 13.6 million passengers in Q1… highest in 2 years
Total passengers increased to 13.6 million from 5.7 million a year earlier
Economy
The UAE T-bond program witnesses strong demand, bids at AED 9.4bn
First auction of dirham treasury bonds oversubscribed 6.3 times
Economy
India-UAE trade to hit $100 billion by 2027
Cepa will encourage trade by reducing custom tariffs by 90 percent
Hospitality & Tourism
Travel bloggers can now make more money with this new platform
Kitmytrip launches Alike.io, the creator first travel commerce platform in Dubai
Hospitality & Tourism
Etihad Airways pulls in 2 Business Traveller Awards
The airline was awarded the ‘Best First Class’
Hospitality & Tourism
UAE, Saudi top MENA region list of where GCC travelers plan to visit
GCC travellers have a vital role in driving tourism recovery
Energy
More investments needed to diversify clean energy production
Global leaders, industry experts convene for day two of the World Utilities Congress
Technology
UAE firms are paying ransomware to crooks, despite the risks
59% of UAE's organizations surveyed were hit with ransomware in 2021
Hospitality & Tourism
Dubai tops global hotel occupancy ranking
3.9 million foreign travelers visit the emirate in Q1 2022
Logistics
Emirates Airlines hopes to start paying Dubai government $4.1 bn soon
Company awarded title of "Best Air Carrier in the World"
Markets
Subscription to ADC’s IPO begins May 12
It plans to raise 367 million dirhams
Markets
ADX Secondary market encourages more listings by private businesses
FAM Holding to list its shares on the ADX's growth market
Economy
UAE issues new laws in latest labor market reforms
Heavy penalties imposed if private firms do not meet the Emiratisation criteria
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