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Dubai’s robotaxis have travelled more than 4 million kilometres and completed 7,613 passenger trips since operations began. The Roads and Transport Authority (RTA) said that the robotaxi fleet includes 144 vehicles, with 48 currently in active operation. The city's robotaxis complete around 50 trips a day. Passenger response has also been strong, with the service recording a 97 per cent customer…
Emirates NBD has launched the UAE’s first dedicated Transition Finance Framework, aimed at helping corporate and institutional clients finance the shift towards lower-carbon business models. The framework sets out a methodology for identifying and assessing transition finance activities across high emitting and hard to abate sectors including manufacturing, mining, power and energy, real estate,…
Parkin reported a 12 per cent rise in second-quarter net profit to Dh166.2 million, supported by growth in seasonal cards, developer parking and enforcement revenues as the company continued to expand its parking portfolio across Dubai. Revenue for the three months increased 14 per cent to Dh364.1 million, while EBITDA rose 15 per cent to Dh217.2 million, with the EBITDA margin at 60 per cent.…
Al Ansari Financial Services reported broadly stable operating income of Dh635 million in the first half of 2026, as higher gains from currency exchange helped offset softer commission income across some remittance products and corridors. Net gains on currency exchange increased 0.4 per cent to Dh322 million, while net commission income declined 1.4 per cent to Dh312.9 million. The group said its…
UAE residents can have up to 13 paid public holidays in a year , giving employees several opportunities for a short escape, a staycation or more time with family. For those mapping out their time away, it is important to distinguish public holidays from annual leave. Private sector workers who have completed one year of service are generally entitled to 30 days of fully paid annual leave. They are…
Hotels across the UAE are stepping up staycation deals, discounted room rates and value-added packages to attract domestic and GCC travellers, as operators look to support occupancy and position the hospitality sector for recovery, according to JLL. The consultancy said hotels introduced family- and leisure-focused offers, dining credits, spa access and extended-stay packages during the second…
Many online and brick-and-mortar retailers across the UAE have launched a wave of back-to-school promotions ahead of schools opening next month, with discounts ranging from 30 per cent to as much as 80 per cent across categories including stationery, technology, backpacks, groceries and home study essentials, as families prepare for the new academic year. Sharjah Cooperative has announced up to 50…
The UAE is well placed to connect Islamic capital with high-growth markets as the global Islamic finance industry approaches $6 trillion in assets, according to Standard Chartered. Only 6 per cent of global sukuk capital currently reaches South Asia and Africa, highlighting substantial scope to direct more Shariah-compliant funding towards emerging economies, the bank said in its latest report.…
How you treat your body and brain in your midlife years, loosely defined as 40 to 60, can hugely influence how you age in the decades to come. The seeds for many age-related diseases, including cardiovascular disease, diabetes, cancer and dementia, are sown in middle age, so it’s important to start thinking about prevention early. And it takes a lifetime of healthy habits, not just a few weeks, to…
Dubai’s Bus-On-Demand service has expanded to Al Satwa, Al Quoz and Mirdif, taking the total number of areas covered by the service to 20, the Roads and Transport Authority (RTA) announced on Wednesday. The expansion is expected to provide residents and visitors in the three areas with more flexible and affordable transport options . It will also improve first- and last-mile connectivity by…
