Dubai Aerospace Enterprise (DAE), the largest aviation leasing and engineering company in the Middle East, has announced its decision to sell 75 aircraft to two undisclosed buyers as part of a strategic fleet realignment. This move includes the sale of a portfolio consisting of 50 Embraer E-Jets to a specialist lessor and an additional 25...
The Abu Dhabi National Energy Company (TAQA) is actively seeking acquisition opportunities in the United States and other regions to enhance its international presence and achieve its growth targets. This information was reported by Reuters. TAQA, which is primarily owned by ADPower, a subsidiary of the Abu Dhabi sovereign wealth fund ADQ, has been diversifying...
The Dubai Metro is undergoing a significant expansion with the introduction of the new Blue Line, which is expected to be operational by 2029. This new line will complement the existing Red and Green Lines, enhancing public transport across the city. The Roads and Transport Authority (RTA) has confirmed that the Dubai Metro Blue Line...
United Arab Emirates-based companies have approached Italy’s government with intentions to potentially bid for the Russia unit of the Italian lender UniCredit SpA. According to a document reviewed by Bloomberg, Mada Capital and Asas Capital plan to form a special purpose vehicle to facilitate the purchase of the asset. The project will receive support from...
The Abu Dhabi Childhood Authority (ECA) has introduced a new system aimed at improving the well-being of children in the emirate. This system, applicable to all children up to the age of 18, is designed to answer the critical question: how do we know if a child is thriving? By gathering data from various sectors,...
UAE’s Trade Minister Thani Al Zeyoudi stated on Wednesday that ongoing bilateral negotiations between the United Arab Emirates and the European Union will not obstruct any potential trade agreement between the EU and the Gulf Cooperation Council (GCC) countries. This remark follows the announcement of the commencement of talks for a trade deal between the...
From June 9, 2025, citizens of Saudi Arabia, Oman, Kuwait, and Bahrain will benefit from a new visa-free entry program to China, allowing them to stay for up to 30 days without needing a visa. This initiative is part of a trial aimed at enhancing travel business and fostering cultural ties between China and these...
Datafusion Systems, based in Dubai, UAE, is set to join Lumine Group Inc. in a strategic acquisition that aims to expand capabilities in the global security technology sector. With over 30 years of experience, Datafusion specializes in providing secure communication and intelligence solutions for telecom operators, law enforcement agencies, and government entities. Lumine Group, renowned...
HAYAH, a digital life insurer based in the United Arab Emirates (UAE), has partnered with APRIL to introduce a new range of health insurance and international private medical insurance (IPMI) products. These offerings are designed to provide health coverage for individuals, families, and businesses through a streamlined digital experience. The initial product from this partnership...
flydubai, the Dubai-based airline, has announced the addition of four new European destinations to its network. Starting in September, the airline will commence flights to the Moldovan capital of Chișinău and the Romanian city of Iași. Later, in December 2025, flights will also begin to the Latvian capital of Riga and the Lithuanian capital of...