2023

Strategic Development Fund and Dronamics Announce Agreement to Create a Manufacturing Joint Venture for the Black Swan Cargo Drone at Dubai Airshow 2023

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The UAE’s Strategic Development Fund (SDF) and Dronamics, a pioneering cargo drone airline, today announced that they signed a term sheet to set-up a joint venture (JV) to produce the Black Swan cargo drones to fulfill the global demand and requirements for Dronamics’ international and local customers. The JV will constitute the first serial production …

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Gaza crisis: UAE announces treatment for 1,000 Palestinian children at local hospitals

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The initiative to host children from Gaza and provide them with medical treatment is part of efforts to offer relief assistance to Palestinian people With Egypt’s Rafah crossing opened for foreign evacuees and wounded civilians from Gaza, a thousand Palestinian children shall be brought to the UAE for medical treatment, the government has announced. The President, His …

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Gaza crisis: UAE announces treatment for 1,000 Palestinian children at local hospitals

Blog News / By

The initiative to host children from Gaza and provide them with medical treatment is part of efforts to offer relief assistance to Palestinian people With Egypt’s Rafah crossing opened for foreign evacuees and wounded civilians from Gaza, a thousand Palestinian children shall be brought to the UAE for medical treatment, the government has announced. The President, His …

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Emirates opens Dubai Air Show with $52B Boeing purchase

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DUBAI, United Arab Emirates (AP) – Long-haul carrier Emirates opened the Dubai Air Show on Monday with a $52 billion purchase of Boeing Co. aircraft, showing how aviation has bounced back after the groundings of the coronavirus pandemic, even as Israel’s war with Hamas clouds regional security. Its low-cost sister airline, FlyDubai, followed up with an $11 …

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Dubai airport expects to surpass pre-pandemic passenger numbers in 2023

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Dubai’s main airport recorded 22.9 million passengers in the third quarter, the highest quarterly traffic since 2019, operator Dubai Airports said on Wednesday, and is on track to surpass pre-pandemic numbers for the full year. Total passenger traffic for the first nine months of 2023 at Dubai International (DXB), among the world’s busiest, stood at …

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In a first, pope to have day of private meetings with world leaders in Dubai

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British Prime Minister Rishi Sunak is expected to attend. VATICAN CITY, Nov 9 (Reuters) – Pope Francis will have nearly an entire day of bilateral meetings with world leaders attending the COP28 climate conference in Dubai next month, according to a programme released by the Vatican on Thursday. It will be the first time in …

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Emirates Group reports record half-year net profit of US$2.7 billion

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The Emirates Group has announced its best-ever six-month financial result. It reported a 2023-24 half-year net profit of US$2.7 billion, a 138 per cent increase over the US$ 1.2 billion it reported in the corresponding period last year. Group revenue stood at US$ 18.3 billion for the first six months of 2023-24, also up 20 …

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DFM’s third-quarter income triples on trading value and new investor boost

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Bourse’s market capitalisation hit $190 billion at the end of the first nine months of this year The Dubai Financial Market reported an almost threefold jump in its third-quarter net income as trading value and the number of new investors rose. Profit attributable to shareholders for the three months to the end of September climbed to Dh74.06 …

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