Saudi Arabia will present over $100B in investment opportunities as part of its Saudi Aviation Strategy. The world’s largest aviation investors will gather in Riyadh next month for the Future Aviation Forum (FAF24). The Investment Showcase, taking place from May 20 to 22, will spotlight projects and incentives aimed at attracting investment into Saudi Arabia’s thriving aviation sector, covering airports, airlines, ground services, cargo, and logistics. At the heart of the $100B investment opportunities: Airports represent over $50B. New aircraft orders amount to approximately $40B. The remain ..read more

Burjeel Holdings PLC today disclosed its financial results for the three-month period ended 31st March 2024, in line with International Financial Reporting Standards (IFRS), achieving a revenue increase of 11.1 percent to AED 1.2B in Q1 2024. The Group’s EBITDA, excluding exceptional items, rose to AED 260M, reflecting sustained investments in complex care. Group net profit, excluding exceptional items and taxes, rose to AED 141M, supported by improved operational efficiencies and reduced finance costs. Burjeel Holdings continued to make progress towards its strategic goals of expanding high-g ..read more

The world’s premier critical communications trade fair returns with another highly anticipated edition at Dubai World Trade Center from 14-16 May Kirisun will showcase new state-of-the-art innovations that underscore the company’s commitment to innovation and customization “We pride ourselves on recognizing the diverse challenges our users encounter and delivering tailored solutions that truly matter” – Kirisun VP Terry Lin Dubai, UAE – 9 May 2024: Kirisun, a pioneer in mission and business-critical communication solutions, prepares to captivate audiences at the Critical Communications World ..read more

After facing disruptions due to heavy rainfall earlier this year, commuters of the Dubai Metro can look forward to smoother journeys ahead as authorities announce the imminent reopening of four stations affected by the inclement weather. The stations, which were temporarily closed as a precautionary measure to ensure passenger safety during the adverse weather conditions, are now undergoing necessary repairs and enhancements to resume operations at the earliest possible time. The reopening of these stations comes as welcome news for thousands of commuters who rely on the Dubai Metro for their ..read more

Etihad Airways, the national airline of the UAE, picked up a double award scoop for its esteemed Cabin Crew, on the opening day of the Arabian Travel Market in Dubai this week, among a sweep of awards taken home by the airline. The Business Traveller ME Awards took place during an elegant ceremony at The Ritz, Dubai, among an audience of travel industry leaders and media professionals. At the gala, Etihad took to the stage to receive the award for the Best Cabin Crew for the fourth consecutive year, as well as Best Economy Class.  The winners were decided by votes cast online by traveller ..read more

The 2024 AIM Congress, held in Abu Dhabi, featured the AIM Startup and Unicorns Track, a hub for visionary ideas and industry insights. Esteemed speakers explored groundbreaking trends and opportunities across various sectors. Focus on Unicorns and Industry Transformation Several sessions delved into the rise of “unicorns” – privately held startups valued over $1 billion. Middle East Unicorns Conclave: Unicorns and Mobility Industry: Moderated by Mohamed Nagaty, this session explored the evolving landscape of mobility (transportation) and its connection to unicorns. Panelists included experts ..read more

The BRICS+ Business Forum, a key event at the 2024 AIM Congress, brought together prominent figures from BRICS nations (Brazil, Russia, India, China, and South Africa) and beyond. Held in Abu Dhabi on May 9th, 2024, the session explored critical issues in global economics and trade relations among BRICS members and their partners. Focus on Collaboration and Investment Aleksandra Burman chaired the forum, which provided a platform for discussing global economic dynamics. Dawood Al Shezawi, President of the AIM Global Foundation, opened the session by emphasizing the role of the AIM Congress in ..read more

Parkin, Dubai’s leading parking operator, delivered a robust performance in the first quarter of 2024. The company’s net profit reached Dh103.7 million, driven by Dh215.27 million in revenue. This positive outcome marks a successful debut for Parkin, which achieved the distinction of being the first company to IPO on the Dubai Financial Market this year. Dominant Market Position Fuels Performance Parkin’s financial strength reflects its commanding position in Dubai’s parking market. With nearly three decades of experience, the company boasts a comprehensive market share. Parkin controls 100% o ..read more

The Indian rupee exhibited some resilience on Thursday, registering a slight gain against the UAE dirham. This uptick comes even as most Asian currencies faced depreciation due to rising US bond yields. The rupee opened at 83.49 against the US dollar, translating to 22.75 dirhams. This marks a small improvement compared to its closing rate of 83.5175 (22.76 dirhams) the previous day. Market experts attribute this development to potential dollar inflows into India. However, the overall sentiment remains tempered as the dollar index strengthens at 105.5. This rise is accompanied by a decline in ..read more

 Abu Dhabi, 9th May, 2024: The 2024 AIM Congress in Abu Dhabi saw an huge convergence of industry leaders, policymakers, and visionaries. The 2024 AIM Congress in Abu Dhabi Sparks Conversation on Investment, with Focus on Asia and Europe. The he Congress sessions were held under the Investment Track, Regional Focus Forum Track, and Investment Destination Track. These fostered dialogue, collaboration, and innovative solutions to global challenges. Investment Track The “Leader’s Panel: Geopolitical Tensions 2024: New Challenges and New FDI Destinations” session brought together speakers who ..read more