Etihad Airways has confirmed a significant order for 28 wide-body Boeing aircraft as it accelerates its growth strategy aimed at doubling its fleet size by 2030. The new aircraft, a mix of Boeing 787s and the next-generation 777X models, are set to be delivered from 2028 and will be powered by GE engines, supported by
GCC Business Hub – May 19 Qatar Airways has announced a record net profit of 7.8 billion Qatari riyals ($2.1 billion) for the financial year ending March 31, 2024—a 28% increase from the previous year. This marks the airline’s most commercially successful year to date, driven by sustained regional demand despite global economic uncertainty. The
The Public Investment Fund (PIF) has announced the opening of a new subsidiary office in Paris, marking a significant step in strengthening its international presence and deepening ties with key partners in France. The launch coincides with the annual “Choose France” summit and will be attended by French President Emmanuel Macron, PIF Governor Yasir Al-Rumayyan,
On May 16, 2025, WeRide officially launched its fully driverless Robotaxi trials on the streets of Abu Dhabi, marking a new chapter in the UAE’s journey toward smart mobility. This makes WeRide the first company to operate autonomous vehicles on public roads in the emirate without a safety driver on board. The rollout includes service
Elon Musk’s satellite internet company, Starlink, has officially received regulatory approval to operate in Saudi Arabia, allowing it to provide connectivity services across the Kingdom’s airspace and territorial waters. The announcement came during the Saudi-US Investment Forum in Riyadh, where Musk thanked Saudi regulators for their support. The move marks a major step forward for
In a bold move to strengthen its global energy footprint, the United Arab Emirates has unveiled plans to raise its total energy investments in the United States to $440 billion by 2035. The announcement was made by Sultan Al Jaber, CEO of ADNOC, as part of a broader strategy to deepen U.S.-UAE energy cooperation over
In a landmark agreement that signals Qatar’s growing role in global aviation, Qatar Airways has signed a $200 billion deal with Boeing to acquire 160 advanced aircraft, including 787 Dreamliners and 777X jets. The announcement was made during U.S. President Donald Trump’s visit to the region, highlighting the deepening economic ties between Doha and Washington.
Salik Company PJSC, Dubai’s exclusive toll gate operator, has officially been added to the MSCI UAE Index, as confirmed by MSCI’s latest review on 13 May 2025. The inclusion is a significant achievement, positioning Salik among the region’s most prominent publicly listed firms and enhancing its visibility to global institutional investors focused on Emerging Markets.
Following the approval of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai, has announced a
In a groundbreaking move for the region, Dubai has partnered with global crypto exchange Crypto.com to enable cryptocurrency payments for government services. The collaboration, announced by Dubai’s Department of Economy and Tourism (DET), marks a major step toward integrating digital assets into everyday transactions. Residents and businesses in Dubai can now pay for select government