Flynas, the prominent low-cost airline in the Middle East, has successfully finalized a Murabaha financing agreement with Bank AlJazirah valued at SAR 495 million (approximately $132 million). This financing will support the acquisition of three advanced Airbus A320neo aircraft, a move aimed at boosting the airline’s operational capacity and enhancing competitiveness within the Saudi aviation...
Etihad Airways, the airline of the United Arab Emirates, has said it wants to grow its strategic relationship with Air Europa, one of the biggest airlines in Spain. The goal of this partnership is to improve business and operational ties so that passengers have more options, better services, and better value. Starting in the summer...
AD Ports Group is set to explore the creation of an industrial zone near Karachi Port and Port Qasim in Pakistan. This ambitious project aims to enhance trade and economic activities, positioning Pakistan as a “world-class marine hub” and a vital gateway to Central Asia. According to a statement from AD Ports Group, Pakistan is...
Al Etihad Payments (AEP), which is a part of the Central Bank of the UAE (CBUAE), has announced the start of Jaywan, the UAE’s first domestic card scheme. It can now be used anywhere in the world. This project fits with the UAE’s plan to become more digital and will help the country become a...
Deepal has officially launched the DEEPAL S07 in the UAE, which is the company’s first market in the Middle East and Africa. This comes after the DEEPAL S07 was recently released in Singapore and Hong Kong, showing that the car is an important part of Changan Auto’s global plan. The DEEPAL S07 is more than...
The annual ‘Rejuvenate Series’ of CXO Verse, previously known as CXO Genie, attracted esteemed CXOs from various industries for a transformative three-day residential conference. The event offered a unique opportunity for networking, brainstorming, and collaborative learning in a relaxed atmosphere. Founded in 2013 by Vinay Bansal, CXO Verse has evolved from a trusted network for...
Fayafi Investment Holding, a prominent firm from the UAE, has announced the creation of a $50 million social impact fund to coincide with the holy month of Ramadan. This initiative aims to provide support for education and healthcare to low-income families, reflecting the company’s commitment to social responsibility. The newly established fund will focus on...
Etihad Airways has announced the introduction of Airbus A380 aircraft on the Abu Dhabi–Toronto route, starting from 24 June 2025. This strategic initiative is designed to cater to the growing demand for travel between the two cities, thereby enhancing the overall passenger flying experience. The deployment of the A380 will provide a range of premium...
The Masaar 2 project in Sharjah has achieved success, selling all 2,000 homes valued at Dh5.6 billion within just three hours of its launch. This rapid sell-out makes it the fastest-selling off-plan project in the UAE. Customers began arriving at the sales centers of developer Arada as early as 2 AM, eager to secure their...
The Sharjah Performing Arts Academy (SPAA) has announced the launch of the UAE’s first dedicated higher education institution for music, the College of Music. This strategic initiative aims to enhance Sharjah‘s status as a regional leader in cultural and artistic education. The College of Music will provide a comprehensive, industry-focused curriculum tailored to equip students...