Etihad Airways has announced adjustments to its flight schedule, operating services between Abu Dhabi (AUH) and Amman, Jordan (AMM) for flight numbers EY589/590 and EY591/592. Additionally, flights between Abu Dhabi (AUH) and Beirut, Lebanon (BEY) will operate under flight numbers EY583/584, starting from June 17, with updated flight timings. Passengers who have booked these flights...
Nakheel, a subsidiary of Dubai Holding Real Estate, has recently announced the awarding of three significant contracts for infrastructure works on Palm Jebel Ali. The total value of these contracts exceeds AED750 million, highlighting Nakheel’s commitment to the ongoing development of this ambitious project. The awarded contracts encompass essential infrastructure upgrades aimed at enhancing the...
Tristar, a subsidiary of Agility Global, which is listed in Abu Dhabi, has successfully secured a new credit facility worth $255 million. This funding, obtained from several regional and international banks, is intended for refinancing and general corporate purposes. The facility has a term of 18 months and includes an option for extension. Agility Global...
The board of Santos, listed as STO on the ASX, has expressed its support for a $30 billion takeover bid from the Abu Dhabi National Oil Company (ADNOC), a prominent global oil and gas entity. This non-binding proposal is spearheaded by the XRG Consortium, which is the international investment arm of ADNOC, and includes the...
The Dubai Logistics Academy has announced the launch of its first cohort for the “Certified Specialist in Customs and Trade Operations” program. This initiative is a collaborative effort with Nafes and is part of Dubai Customs’ ongoing efforts to enhance the logistics and customs sector. This new certification aims to empower professionals in the field,...
Dubai’s Binghatti announced on Monday the launch of an asset management firm that aims to manage approximately $1 billion in Shariah-compliant private credit and real estate investments. This initiative is designed to diversify the company’s portfolio and broaden access to alternative capital. The new entity, Binghatti Capital, will operate from the Dubai International Financial Centre...
Elle, the renowned fashion and lifestyle brand owned by the French Lagardère Group, is making its Middle East debut with an exclusive residential project on Dubai Islands. This ambitious project is valued at AED450 million ($122.5 million) and follows the success of Elle’s first residential tower in Miami. The development is being spearheaded by Anax...
Saudi Arabia is making a significant move to enhance global tourism by expanding its visa-on-arrival program. This initiative now allows travelers with valid visas from the Schengen Zone, the United Kingdom, and the United States, as well as residents of these regions, to obtain visas upon arrival. This reform aims to eliminate bureaucratic barriers and...
The Dubai Multi Commodities Centre (DMCC) has announced that Bitcoin.com, a prominent leader in the cryptocurrency sector, is setting up its regional headquarters in Dubai. This move marks a significant step for both DMCC and Bitcoin.com, solidifying Dubai’s position as a global hub for digital currencies. DMCC is recognized as a leading international business district...
The governments of the UAE and the Dominican Republic have formed a bilateral partnership to exchange expertise in government modernisation, capacity building, and future skills development. This agreement was signed under the UAE Government Experience Exchange Programme, which aims to share best practices and innovative governance models globally. This initiative is part of the UAE’s...