IndiGo has launched direct flights between Madurai and Abu Dhabi, marking a significant advancement in connecting tier-two Indian cities to major global markets. This new nonstop service not only provides efficient and affordable air travel but also opens up opportunities for increased trade, tourism, and business growth. By reducing travel time and eliminating layovers, these...
In the first half of 2025, nearly 400 local suppliers, contractors, and service providers received contract awards from the Abu Dhabi National Oil Company valued at AED65.7 billion. This initiative aims to boost socioeconomic growth, empower businesses, and generate long-term value for the United Arab Emirates. As reported by MSN, Dr. Saleh Al Hashmi, the...
Dubai has announced its ambitious plan to transition into a cashless city, where all payments across both government and private sectors will be made digitally. This significant initiative was revealed during a meeting of The Executive Council of Dubai, chaired by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, on Tuesday, October 1. A key...
Ambassador Yousef Al Otaiba, the UAE Ambassador to the US, announced that the UAE is eager to host President Trump in Abu Dhabi this Thursday. He emphasized that the UAE and the US will be fast-tracking their $1.4 trillion strategic technology and investment partnership, with several announcements expected to be made. In a post on...
The Abu Dhabi Investment Office (ADIO) has entered into a strategic partnership with Mizuho Financial Group, Inc. This collaboration aims to accelerate investment in the economy of Abu Dhabi, enhancing the emirate’s attractiveness as a business destination. Mizuho Financial Group is recognized as a leading global financial institution with a substantial customer base. Credit: Arab...
The Abu Dhabi Investment Office (ADIO) has formed a strategic partnership with ITOCHU Corporation, a leading trading and investment firm from Japan. This collaboration aims to enhance investments in Abu Dhabi’s rapidly expanding economy. Credit: Abu Dhabi Media Office The partnership will focus on scaling investments in various sectors that are critical to the economic...
Dubai’s Jebel Ali Free Zone (Jafza), managed by DP World, has celebrated its 40th anniversary with significant achievements, reporting record-breaking trade volumes of $190 billion over the past year. This figure represents a 15 percent increase from the previous year and marks the highest contribution Jafza has made to Dubai’s economy, as announced by DP...
The International Monetary Fund (IMF) forecasts that Abu Dhabi’s economy will grow by 4.2% in 2025, with further acceleration to 5.8% expected in 2026. Meanwhile, Dubai’s economy is projected to expand by 3.3% in 2025, increasing slightly to 3.5% in 2026. Jihad Azour, the Director of the Middle East and Central Asia Department at the...
Saudi Arabia’s economy experienced a growth of 2.7% year-on-year in the first quarter of 2025, according to preliminary estimates released by the government’s statistical authority. This growth was bolstered by increased activities in the non-oil sector as the kingdom continues its efforts to diversify its economy away from oil and gas reliance. The flash estimates...
Erad, a financing platform based in Riyadh, has successfully raised $16 million (equivalent to SAR 60 million) in a Pre-Series A funding round. This investment will be used to accelerate the company’s growth and expand its operations in Saudi Arabia, as well as other regional markets. The funding round was supported by a number of...