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Salik approve $134m dividend

Salik shareholders approve $134m dividend

The company’s full-year revenue jumped 11.8 per cent to $517m, driven by an increase in revenue from toll usage fees

Emirates A380

Emirates to begin daily flights between Dubai and Toronto

The enhanced services between the two destinations will commence on April 20

Cyprus Airways

Cyprus Airways commences direct flights from Larnaca to Dubai

It has deployed its Airbus A320 aircraft on this route

Dubai’s DXB ranked busiest international airport worldwide for 2022

It retained its position for the ninth consecutive year, with over 66 million passengers using DXB last year

Mark Willis, former Accor CEO for the Middle East, Africa, India and Turkiye, is now the CEO for Fairmont Hotels and Resorts

Accor’s Fairmont relocates global headquarters to Dubai

Mark Willis, former Accor CEO for the Middle East, Africa, India and Türkiye, is now the CEO for Fairmont Hotels and Resorts

mohre Unemployment Insurance Scheme

UAE Unemployment Insurance Scheme: Subscribers cross one million

The Unemployment Insurance Scheme covers employees in the federal government and the private sectors

Dubai is centre for wealth creation

Why Dubai is the new wealth and asset management global hotspot

Dubai is home to more than 55,000 high net-worth individuals and over $3tn of private wealth is within an hour’s flight of the city

Anantara The Palm Dubai Resort

Anantara property in Dubai diverts 62 per cent of waste from landfills

Its key initiatives included the installation of an onsite water bottling plant and a food digester machine

Dubai private school students

Dubai: KHDA reveals top private schools for 2023

Dubai education regulator said 25 schools improved their performance from the previous inspection cycle during the 2018/19 academic year

DMCC JLT photo Dubai Media Office

Dubai’s DMCC reports record Q1 2023 results, sees best first quarter since launch

The rise represents an 8.4 per cent year-on-year increase, and an average annual increase of 13.7 per cent over the last five years

Dubai RTA opens two bridges, one tunnel

Dubai’s RTA opens two bridges, one tunnel under $1.4bn traffic plan

The project is aimed at easing traffic flow between Al Khaleej Street, Khalid Bin Al Waleed Road and Al Ghubaiba Road

Empower plant

Shareholders of Dubai’s Empower approve $116m dividend

The company’s full-year net profit jumped by 7 per cent year-on-year to Dhs1bn in 2022 while its revenues reached Dhs2.8bn

Sheikh Hamdan launches create apps in dubai photo courtesy WAM

Create Apps in Dubai launches, aims to triple number of app creators by 2025

The initiative aims to support 100 new national projects for developing apps that will be made available in digital app stores over the next 24 months

Mohamed Ali Al Ansari - Group Chairman of Al Ansari Financial Services

Al Ansari Exchange raises Dhs773m in IPO, attracts bids worth Dhs12.7bn

The company sold 750 million shares and set the final share price at Dhs1.03, implying a market capitalisation of Dhs7.73bn at listing

Gold and silver

Dubai to launch new gold and silver coins

The coins will be made available for purchase after Ramadan

fulfillment centre

Amazon opens a new fulfillment centre in Dubai South

The new facility will increase Amazon’s storage capacity by 70 per cent, supporting a wider selection of products for customers

HH Sheikh Hamdan announces 04 platform for Dubai

Dubai launches 04 platform to enhance govt services

The platform enables customers to submit suggestions, comments and complaints to Dubai government officials in three easy steps

DIFC unveils DIFC Launchpad

Dubai financial hub launches venture building platform ‘DIFC Launchpad’

The programme supports efforts to realise the financial centre’s 2030 strategy to catalyse economic growth

Yolk Brands

Yolk Brands acquires 1762

The eatery joint joins Pickl and BonBird in the group

Expo City Dubai Duet Villas Valley View

Sales for two Expo City Dubai residential communities now open

The Devmark Group is the exclusive sales and marketing partner for Expo City Dubai’s residential offerings

Al Ansari Financial Services Group CEO, Deputy Group CEO and Group CFO

Al Ansari Financial Services IPO: subscription starts, share price announced

The IPO subscription period will run until March 23 for the UAE retail offering and March 24 for the qualified investor offering

Dubai's Tecom Group approves Dhs200m cash dividend for H2 2022

Dubai’s Tecom Group approves Dhs200m cash dividend for H2 2022

The group’s shareholders approved the board’s recommendation to distribute the dividend in April 2023

Lasting legacy, Mastercard

Mastercard launches legacy book celebrating 25 women leaders

The company is committed to creating a more equitable world for all and this project marks the company’s latest milestone

Dubai Lynx

2023: Dubai Lynx Festival kicks off

The event will offer attendees exclusive seminars, workshops, and inspirational talks from industry leaders in the creative sector

Dubai's Emirates to ramp flight frequencies to more than 15 destinations

Dubai’s Emirates to ramp up flight frequencies to more than 15 destinations

The carrier continues to scale up its A380 operations with the reintroduction of the aircraft across its network

retail summit

Global, regional retail giants converge on Dubai for The Retail Summit

The summit supports international brands looking to either establish an in-market presence or sell via cross-border ecommerce to the UAE

Dubai: 90 number plates up for grabs at RTA's auction this March

Dubai: 90 number plates up for grabs at RTA’s auction this March

Number plates of two, three, four and five digits will be on offer

How hospitality is reshaping Dubai's real estate landscape

How hospitality is reshaping Dubai’s real estate landscape

The growing stature of Dubai as a tourist destination is redefining developers’ strategies

Salik full-year revenue surged

Dubai’s Salik posts 11.8 per cent surge in full-year revenue

The road-toll operator said the number of revenue-generating trips jumped 13 per cent to 413 million trips compared to 367 million in 2021