Dubai

DP World’s Jebel Ali sets new record with 1.4 million TEUs in July 2024

In H1 2024, the port handled 7.3 million TEUs, a 3.9 percent YoY increase

Emirates doubles partnership connectivity, expands to 1,700 cities beyond its network

Airline delivers additional travel choices alongside 31 codeshare, 118 interline, and 13 rail and helicopter services partners

Dubai’s Dragon Oil opens new regional office in Turkmenistan, eyes additional offshore concessions

Dragon Oil seeks to raise its total production in the countries where it operates to 250,000 barrels per day by the end of 2025

Dubai, Abu Dhabi ranked best destinations for executive digital nomads: Report

The two cities attract hybrid finance and consultancy executives with excellent connectivity and high living standards

UAE Islamic T-sukuk auction draws $1.72 billion in bids, oversubscribing by 5.7 times

This $299.49 million auction is part of the Islamic T-Sukuk issuance program for August 2024

Dubai’s wealth management sector sees 62 percent surge in authorized entities in H1 2024: DFSA

The DFSA facilitated the expansion of capital markets in the DIFC, which remains the world’s largest ESG sukuk market

Dubai AI Campus, Google Cloud partner to support region’s startup ecosystem

Half of all funded generative AI startups are Google Cloud customers, including 70 percent of generative AI unicorns

Celebrating Emirati Women’s Day: Visa’s ‘She’s Next’ returns to UAE with third edition

The third edition supports women entrepreneurs in publishing, fashion, food, and more over several months

GCC listed banks post record $14.8 billion net profit in Q2 2024

Year-over-year, the growth was robust at 9.2 percent compared to Q2 2023

Dubai Centre for Family Businesses introduces new guide on governance, strategic services

This guide provides an overview of Family Office governance structures, their expertise, services, and key benefits

Dubai Aerospace Enterprise acquires 23 aircraft for $1.1 billion

The portfolio has an average age of 3.4 years, a lease term of 8.8 years, and serves 13 airlines in 9 countries

Emirates Group highlights 38 percent contribution of Emirati women to workforce growth

The Group supported 70+ Emirati women through leadership programs

UAE: $9.52 billion surge in AUM by portfolio management companies, investment funds

The SCA reported an 83 percent increase in authorized companies this year, rising from 18 to 33 since January

$2.3 trillion crypto market reaches new heights, 95 percent more millionaires: Report

The count of Bitcoin millionaires has surged by 111 percent to reach 85,400

New Salik toll gates in Dubai valued at $744.37 million

Salik has revised its full-year 2024 guidance, with annual revenue-generating trips expected to increase 7-8% in 2024

UAE’s DP World sets ambitious emission cuts goals, commits to net-zero by 2050 with SBTi approval

The global logistics company seeks to reduce its scope 1 GHG emissions by 42 percent by 2030

Saudi Arabia’s flynas expands UAE network with 8 new routes starting September 1

Expansion makes flynas the only Saudi airline serving the major four airports in the UAE with more than 20 daily flights

2.7 million tax free tags issued in UAE’s digital VAT refund system for tourists in H1 2024

UAE's digital VAT refund system processed 19.67 million transactions during this period

Dubai Chamber of Commerce launches ESG Label to promote sustainable business practices

The label helps organizations assess their ESG preparedness and maturity, earn recognition, and drive business growth

Dubai’s WGES 2024 to explore eight themes to advance green economy, boost climate efforts

Summit to address the gap in funding capabilities and responsibilities of developed versus developing countries

Nakheel awards $220.54 million contract for marine works at Palm Jebel Ali to Jan De Nul Dredging

Jan De Nul Dredging is expected complete the entire scope of marine works at Palm Jebel Ali in just over two years

UAE carriers boost global reach to 606 destinations, targeting 140 million passengers

This represents a 3.4 percent increase from the 586 destinations served at the end of 2023

UAE banks attract over $14.7 billion in 3-month deposits in five months

Term deposits exceeding 12 months recorded AED44.48 billion at the end of May, up by 0.52 percent