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 …
Emirates opens Dubai Air Show with $52B Boeing purchase Read More »
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 …
Dubai airport expects to surpass pre-pandemic passenger numbers in 2023 Read More »
DUBAI, Nov 13 (Reuters) – Dubai plans to offer 25% of shares in its taxi business through an initial public offering (IPO), the company said in a statement on Monday, as part of a broader privatisation programme of state assets. Dubai Taxi Company, the largest taxi operator in the Gulf city state by market share, …
Dubai to offer 25% stake in taxi business in planned IPO Read More »
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 …
In a first, pope to have day of private meetings with world leaders in Dubai Read More »
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 …
Emirates Group reports record half-year net profit of US$2.7 billion Read More »
Dubai has achieved another remarkable global milestone by winning the bid to host and organise the 2024 World Cities Culture Summit (WCCS). This is the first time this will be held in the MENA region, taking place from October 30 to November 1, 2024. The announcement was made during a visit by a delegation from …
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 …
DFM’s third-quarter income triples on trading value and new investor boost Read More »
After a record-shattering year, the world is looking to the United Nations conference in the UAE next month to put us on a safer path World leaders are gathering in the Middle East in a month’s time on a mission to curb climate change. As the summit’s name suggests, COP28 is the 28th iteration of …
What is COP28? Everything you need to know about the UN climate summit in Dubai Read More »
Russia’s Rosatom and Dubai’s DP World, one of the globe’s largest logistics companies, inked a deal to establish a joint venture to develop container shipping along the Northern Sea Route (NSR). DP World operates more than 80 container terminals in 40 countries accounting for 10 percent of global container shipping by volume. Russia has looked …
Russia Inks Deal with Dubai’s DP World To Develop Arctic Container Shipping Read More »
Dubai Chambers reveals first names from stellar lineup of speakers set to explore the future of the global economy during Dubai Business Forum. Dubai, UAE – Dubai Chambers has announced the first names from the distinguished lineup of guest speakers participating at the upcoming Dubai Business Forum, which takes place at Madinat Jumeirah from 1-2 …
The Dubai Business Forum takes place at Madinat Jumeirah from 1-2 November 2023. Read More »
