The Dubai-headquartered Jumeirah Group has said that it plans to double the size of its portfolio by 2030. Jumeirah Group at present operates 26 properties, comprising beachfront resorts, city hotels, and serviced residences across the Middle East, Europe, and Asia. It added that apart from the UAE, it will also expand its presence in Europe …
Real gross domestic product climbed 3.2% to $60.9 billion in first six months of the year Dubai’s economy expanded an annual 3.2 per cent in the first half of 2023 to reach Dh223.8 billion ($60.9 billion), driven by 3.6 per cent growth in the second quarter of the year and solidifying the emirate’s position as a global …
Dubai’s economy grows 3.6% in second quarter of 2023 Read More »
The ‘Blue Pacific Prosperity’ initiative was unveiled on the side-lines of the UN climate talks in Dubai. It is made up focuses on three goals to protect the ocean, have healthy people and ensure finance is accessible. A major design of the initiative allows philanthropic organisations and the private sector to give money. The chief …
COP28: Pacific leaders launch ‘Blue Prosperity’ initiative in Dubai Read More »
Finding like-minded people and making friends can be difficult, even daunting, especially for those trying to settle in a new city. Michael Askew and Matthew Gaziano, founders of Dubai-based online social platformBelong,say they have first-hand experience of how big a struggle it is to connect with the right people and build a social life. The two …
Generation Start-up: How Dubai’s Belong is helping to spice up social lives Read More »
Despite Middle East consumers continuing to favor internal combustion engines (ICE) when buying new passenger vehicles, a new survey conducted by Bloomberg Intelligence (BI) has found that battery-electric vehicle (BEV) ownership is set to accelerate in this key Gulf Cooperation Council (GCC) city. BI’s inaugural auto-buying intentions survey, which canvassed consumers in Dubai ahead of …
Dubai Warm to Battery-Electric Vehicles With Growth Set to Overtake Europe Read More »
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 »
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 »
