News

Abu Dhabi / Emirates Business Wizz Air Abu Dhabi, the UAE’s ultra-low-fare national airline, has announced it will offer a special 50% discount on its flights to all destinations to celebrate the UAE’s Golden Jubilee anniversary. The 50% discount flights are now on sale on wizzair.com and the airline’s mobile app (also available in Arabic). The airline is also launching ...

ABU DHABI / WAM As part of the Ministry’s efforts to expand the National In-Country Value (ICV) Programme across the nation, Emirates Global Aluminum (EGA), the largest industrial company in the UAE outside oil and gas, on Monday joined the Ministry of Industry & Advanced Technology’s (MoIAT) in-country value (ICV) programme as the aluminium company moves towards its goal of ...

Dubai / WAM Dubai Airport Freezone Authority (Dafza) signed a strategic cooperation agreement with Export Bahrain, establishing frameworks for technical collaboration to support their joint efforts in institutional development, facilitating business activities, supporting companies and their plans for growth and expansion and exchanging information and expertise. Amna Lootah, Assistant Director-General of Dafza; and Safa Abdulkhaliq, Acting Chief Executive Officer of ...

Abu Dhabi / WAM The second edition of the Abu Dhabi Smart City Summit is beginning on Tuesday, bringing together more than 25 local and federal government agencies, and 400 specialists, experts, officials, leaders, strategists and policy makers, as well as governmental and private organisations. The summit will discuss the best practices for developing smart cities and addressing challenges, contributing ...

Ras Al Khaimah / WAM Ras Al Khaimah Economic Zone (Rakez) has unveiled the Rakez Mobile App, another key milestone in the economic zone’s ongoing digitisation journey that aims to boost the ease and accessibility it offers to global investors. Available on both Apple Store and Google Play, the app is packed with wide-ranging features that allow clients to submit ...

Bloomberg Saudi Tadawul Group Holding is seeking to raise as much as AED3.67 billion ($1 billion) after setting the price range for an initial public offering (IPO) at 95 riyals ($25.32) to 105 riyals per share, the company said on Sunday. The Riyadh-based bourse, on which oil giant Saudi Aramco trades, plans to sell a 30% stake, or 36 million ...

DUBAI / WAM The UAE has won the bid to host the 27th International Council of Museums (Icom) General Conference 2025 in Dubai under the theme ‘The Future of Museums in Rapidly Changing Communities’. The new global achievement is set to further strengthen the UAE’s leading position as the capital of creativity and innovation across various fields. The result of ...

Abu Dhabi / WAM GCC-based venture capital firm VentureSouq (VSQ) announced the launch of its Mena fintech fund, the region’s first sector specific fund focused on FinTech across the Middle East & North Africa (Mena) region and Pakistan. The $50 million VentureSouq fund invests in early-stage fintech and SaaS companies and focuses on key subsectors including payments infrastructure, alternative credit, ...

ABU DHABI / WAM The Abu Dhabi Investment Office (Adio) welcomed more than 240 UK business leaders, entrepreneurs and innovators to the inaugural event organised by its London office to discuss expansion opportunities to the United Arab Emirates (UAE) capital. The main event took place virtually and featured speeches and panel discussions on advantages of investing in emirate’s enabling business ...

DUBAI / WAM Emirates Central Cooling Systems Corporation (Empower) said it has recorded a remarkable growth in the number of customers from different parts of Dubai to obtain company’s high-quality environmentally-friendly district cooling services. During the first nine months of this year, Empower has witnessed a growth of 49% in the number of new registered individuals and companies, compared to ...