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Showing posts from September, 2022

Emirates to hire 4,000 new cabin crew to train in the metaverse

  Emirates to hire 4,000 new cabin crew to train in the metaverse Announced by Adel Ahmed Al Redha, chief operating officer of Emirates, the goal is set to be achieved by next year Currently, the leading airline has 16,000 cabin crew but are looking to expand this number by 4,000 to reach close to 20,000 cabin crew by next year. The metaverse will play a key role in training newly hired and existent cabin crew. Adel Ahmed Al Redha explained that the A350 was being configured in Humboldt, US. The metaverse and   virtual reality   was used to simulate walking into the aircraft and to analyse every detail. NFTs and metaverse experiences will soon be offered to Emirates airlines’ customers and employees “We used metaverse, virtual reality and walked into the aircraft and looked at every detail, every gap in the aircraft, whether it is in the galley or with the seats. We have configured an aircraft and what we see there today is exactly what we’ll see in 2024,” said Al Redha. Emirates to hi

How to register co-occupants on Ejari: A step-by-step guide

How to register co-occupants on Ejari: A step-by-step guide Registration of Co-occupants Process FAQs Dubai government has announced that residents must register all co-occupants living in rented or owned properties. This Dubai Land Department (DLD) order applies to all homeowners, property management companies, renters and developers. Read on to learn more about the registration process of co-occupants in Dubai. REGISTRATION OF CO-OCCUPANTS IN DUBAI The relatively recent change in  family laws in the UAE  allowed unmarried couples to live together and unrelated individuals to share properties. After the law changed, many people started living in shared accommodations. This has caused some concern that those sharing a home may not be registered on Ejari. Now, once you register co-occupants living in rented or owned properties, the Ejari or  tenancy contracts in Dubai  will be updated automatically. This means that everyone’s rights will be protected in a subletting situation. The regis

Emirates NBD raises UAE growth forecast to 7% in 2022 on oil output and 'robust' rebound

Lender's estimate for Emirates' non-oil economy has been revised upward to 4.7% in 2022 from 4.1% Aerial view of Abu Dhabi. Business activity in the UAE's non-oil private sector economy has bounced back strongly in 2022. Courtesy: DCT Abu Dhabi Emirates NBD has raised its economic growth forecast for the UAE to 7 per cent for 2022, due to a higher estimate for the energy industry's output and the "robust growth" of its non-oil sector, setting up the country for its fastest annual expansion in over a decade. The latest revision from Dubai's biggest lender compares with an earlier 5.7 per cent estimate and would be the highest since 2011, when the economy grew by 6.9 per cent. Last week, Abu Dhabi Commercial Bank raised its UAE growth forecast for this year to 6.2 per cent from an earlier 6.0 per cent estimate, largely on the back of strong real non-oil GDP growth. The UAE economy is expected to grow by 5.4 per cent and 4.2 per cent in 2022 and 2023, respect

UAE jobs: Fresh graduates, trainees hired for full-time positions at top security firm

  Fourteen per cent of the company's employees — specialising in engineering and government relations — are Emiratis A group of Emirati students, who recently completed their studies in Sweden, have been offered full-time jobs at the Abu Dhabi facilities of defence and security company Saab. The fresh graduates were part of Saab's first group of trainees under the Sustain and Enhance Emiratisation in Defence and Security (Seeds) programme. Four Emiratis gained global experience through a six-month internship at Saab in Sweden, across many of the world’s most advanced industrial facilities. Seeds joins the company’s local partnership programmes to increase its Emiratisation rate across multiple departments.

Salik debuts listing and trading of its shares on Dubai Financial Market

Salik debuts listing and trading of its shares on Dubai Financial Market              Salik debuts listing and trading of its shares on Dubai Financial Market DUBAI, 29th September, 2022 (WAM) -- Dubai Financial Market (DFM) today welcomed the listing of shares of Salik Company (PJSC), the leading company in the field of traffic tariff systems at the regional level and the exclusive toll gates operator in Dubai. This is the third public offering and listing on the DFM in 2022 to date, as part of the accelerated steps to implement Dubai’s strategy to develop financial markets, which includes offering shares in ten leading entities. Mattar Al Tayer, Chairman of Salik, rang the DFM market opening bell to celebrate the listing, in the presence of Helal Al Marri, Chairman of the DFM, Ibrahim Sultan Al Haddad, Chief Executive Officer of Salik and Hamed Ali, CEO of the DFM and Nasdaq Dubai, as well as senior executives from both sides. The Company's shares began trading under the symbol &

Abu Dhabi's Kizad signs lease with NWTN for electric vehicle assembly plant

  Abu Dhabi's Kizad signs lease with NWTN for electric vehicle assembly plant Abu Dhabi's Kizad signs lease with NWTN for electric vehicle assembly plant Khalifa Industrial Zone Abu Dhabi (Kizad) signed a lease agreement with green mobility technology company NWTN to establish an electric vehicle assembly plant in Abu Dhabi. Under the agreement, NWTN plans to initially operate a 25,000-square-metre manufacturing, research and development, vehicle testing and logistics facility constructed by Kizad, which is part of  AD Ports  Group, Abu Dhabi Media Office said on Tuesday. The facility will have an annual capacity of 5,000 to 10,000 units for the assembly of semi-knocked-down electric vehicles. The first phase is due to be completed in the fourth quarter of 2022. In the second phase, NWTN plans to introduce several new electric vehicle models and expand capacity to 50,000 units annually.

Abu Dhabi unboxes the Middle East's first quantum supercomputer

Abu Dhabi unboxes the Middle East's first quantum supercomputer Abu Dhabi unboxes the Middle East's first quantum supercomputer Achieving a temperature 100 times colder than deep outer space is about to become possible in  Abu Dhabi   – and in August. But this isn’t about escaping the summer heat. Quantum physicists at the capital’s Technology Innovation Institute have begun building the Middle East’s first  quantum computer. “This will put the UAE on the map to be a known entity for research on such a topic. And that’s a big achievement for the entire Arab world,” Boulos Alfakes, a senior researcher, told  The National . For the “brain” of  the supercomputer  to work, the one-by-one centimeter chip must operate in an extremely chilled environment. Two dilution refrigerators, which can supply the constant deep freeze, arrived from Finland in massive wooden crates marked “extremely fragile scientific equipment”. The aluminum that will hold the quantum chip, produced by Emirates

Dubai begins its journey to host International Council of Museums General Conference 2025 as it formally becomes the ICOM flag-bearer

Dubai begins its journey to host International Council of Museums General Conference 2025 as it formally becomes the ICOM flag-bearer Journey to host International Council of Museums General Conference 2025 as it formally becomes the ICOM flag-bearer. Latifa bint Mohammed:  It is an incredibly historic moment for Dubai as our city has become the first in the MENASA region to host ICOM.  “Dubai has made remarkable cultural achievements in a relatively short period, and we will continue to work towards positioning our city at the forefront of global cultural hubs” Dubai was handed over the flag by ICOM Prague 2022 during the ICOM General Conference Flag Relay Ceremony. The hosting of the largest global conference for museums in 2025 is set to further strengthen Dubai’s leading position as a hub for creativity and innovation across various fields. Hala Badri:  We promise to present a worthwhile experience for culture, museums professionals and delegates from around the world. Maryam Mudha

UAE ranks top globally in brand performance, report finds

UAE ranks top globally in brand performance. UAE ranks top globally in brand performance The UAE  ranked highest globally in 2022 in terms of brand performance, thanks to the government's successful response to the Covid-19 pandemic that allowed the country to open for business sooner than many other destinations, a report has found. The Emirates has also attracted a higher volume of trade,  tourism ,  investment  and talent than other nation brands, according to the  latest report by consultancy Brand Finance . The UAE is a "positive exception" as brand performance has not yet returned to its  pre-pandemic levels  for most nations in the ranking, the report said. With global interactions in the crucial areas of trade, investment, tourism and talent attraction down across the board throughout 2021, most brand strength scores remain held back by the legacy of the pandemic, it said. However, the UAE has bucked the trend and topped the charts with a score of 80.5 out of 100,

World Cup to provide Dubai property market with ‘mini-Expo effect’

 World Cup to provide Dubai property market with ‘mini-Expo effect’ World Cup to provide Dubai property market with ‘mini-Expo effect’ The hosting of the football World Cup in Qatar this year is set to boost the Dubai property market, providing a ‘mini-Expo like effect’, industry experts say. The market has been booming during the past year on the back of the wider economic recovery in the UAE following the coronavirus-induced slowdown. This momentum is expected to continue amid record transaction levels in recent months, experts say. The start of the football tournament in Qatar in November is set to provide a further impetus, they say, with  many fans choosing to stay in the UAE between matches. "I’m incredibly optimistic that the  World Cup  is going to be a mini- Expo  opportunity," Scott Bond, UAE country manager for Property Finder, told  The National . "The World Cup is shorter [than Expo] but there is a large population who want to come to Dubai and then go and e

Dubai Chamber of Commerce sees 69% surge in new members during first 8 months of 2022

Dubai Chamber of Commerce sees 69% surge in new members during first 8 months of  2022 Dubai Chamber of Commerce sees 69% surge in new members during first 8 months of 2022 Dubai Chamber of Commerce, one of three chambers operating under Dubai Chambers, has revealed that over 27,100 companies joined as new members in the first eight months of 2022, marking a 69% year-over-year (y-o-y) increase and bringing total membership to over 314,000. Between January and August 2022, member exports and re-exports increased over 20% y-o-y to reach AED 177 billion.  More than 476,000 Certificates of Origin were issued by the Chamber between January and August 2022, a growth of 9.8% compared to the same period last year. A total of 2,674 ATA Carnets, an international customs document allowing the temporary import of goods for a period of one year imposing without any fees or taxes, were issued by the Chamber and received by the UAE, growing 22.2% y-o-y over the same period and accounting for a value

Emirates NBD raises UAE growth forecast to 7% in 2022 on oil output and 'robust' rebound

 Emirates NBD raises UAE growth forecast to 7% in 2022 on oil output and 'robust' rebound Emirates NBD raises UAE growth forecast to 7% in 2022 on oil output and 'robust' rebound Emirates NBD has raised its economic growth forecast for the UAE to 7 per cent for 2022, due to a higher estimate for the energy industry's output and the "robust growth" of its non-oil sector, setting up the country for its fastest annual expansion in over a decade. The latest revision from Dubai's biggest lender compares with an earlier 5.7 per cent estimate and would be the highest since 2011, when the economy grew by 6.9 per cent. Last week, Abu Dhabi Commercial Bank raised its UAE growth forecast for this this to 6.2 per cent from an earlier 6.0 per cent estimate, largely on the back of strong real non-oil GDP growth. The UAE economy is expected to grow by 5.4 per cent and 4.2 per cent in 2022 and 2023, respectively after expanding by 3.8 per cent in 2021, according to th

DMCC looks to grow $23 billion UAE-US trade corridor

DMCC looks to grow $23 billion UAE-US trade corridor DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has successfully concluded Made For Trade Live events in Miami and New York as it seeks to attract more companies from the United States (US) to the United Arab Emirates (UAE). DMCC sees significant opportunities for growth in the UAE–US trade corridor, which was worth US$ 23 billion in 2021, not least because of the recently signed codeshare agreement between Emirates and United Airlines. DMCC is home to more than a third of the approximately 1,500 US businesses in the UAE. The two Made For Trade Live events were hosted in partnership with AmCham Dubai, Brooklyn Chamber of Commerce and Versailles Ventures. They saw 120 business leaders from Miami and New York briefed on the commercial appeal of Dubai and the ease of doing business with DMCC, the fastest growing and most interconnected free zone in the world. With Dubai firml

How To Run A Successful Yoga Centre In Dubai

  Successful yoga center in Dubai Yoga is a mixture of religious, spiritual and fitness activities that originated in ancient India. But now yoga has attained huge popularity around the world as a physical and mental exercise. Many studies have also proved this can be an effective exercise if done with care. It is the reason that yoga centers are flourishing in different parts of the world. This practice is getting popular in big cities. Today we will provide complete details on setting up a yoga center in Dubai.  Why set up a Yoga Centre in Dubai, UAE? The life of people in Dubai is fast and rapid. Taking a break from their hectic schedule is a luxury everyone looks forward to. Therefore, yoga centers in Dubai are on a high rise, resulting in an increasing number of clienteles over the course of Setting up a yoga center in Dubai comes with some additional rewards. One being professionals with a yoga license can expand their branches in any emirate of UAE with bare minimum processes

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