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AVIATION-
Emirates inks slew of partnerships: National carrier Emirates signed a number of partnership agreements yesterday during its participation in the Arabian Travel Market in Dubai, according to a statement.
#1- Emirates and Tourism Malaysia signed an MoU aimed at enhancing tourism in Malaysia by organizing familiarization trips from GCC and Mena markets, where the carrier operates, and exploring launching joint advertising campaigns.
#2- Emirates will team up with the Türkiye Tourism Promotion and Development Agency to boost tourist traffic to Turkey in markets across the carrier’s network by launching joint marketing campaigns. The agreement will also see Emirates explore opportunities with the agency to organize familiarization trips to Turkey.
#3- Emirates and the Abu Dhabi Chamber of Commerce and Industry (ADCCI) will offer discounted travel services to ADCCI’s employees under a partnership agreement.
#4- Emirates also signed an MoU with the China Cultural Centre in the UAE to promote inbound tourism to China, via joint advertising campaigns across Emirates’ global network and facilitating trips to China, “to increase awareness about the market’s touristic appeal and develop more business and trade opportunities,” a separate statement reads.
CAPITAL MARKETS-
Trading in DFM-listed Ekttitab Holding was suspended by the Capital Markets Authority on Thursday due to reservations by the external auditor on its FY 2023 earnings, according to a bourse filing (pdf). The company has to clarify the nature of an “investment in an associate company” company, following the proper reporting guidelines, no later than 15 August.
FINANCE-
Asset manager State Street is reopening its Dubai office amid the region’s rapid growth, particularly given the surge in IPO activity, CEO Yie-Hsin Hung told Bloombergin an interview (watch, runtime: 5:32). The Dubai office will focus on asset management, complementing the company’s operations in Abu Dhabi, which primarily concentrate on investor servicing.
HEALTHCARE-
M42 + AstraZeneca partner on preventive medicine and companion diagnostics: Abu Dhabi-based G42 healthcare arm M42 has inked an agreement with AstraZeneca to conduct sequencing of hereditary breast cancer in a bid to advance and develop preventive medicine in the field, Wam reports. The partnership will see the two companies launch one of the first companion diagnostics programs in the Gulf, which involves using tech to determine whether a patient qualifies for a certain treatment.
INFRASTRUCTURE-
Expanding water project in Tanzania: Suqia UAE and Emirates Red Crescent are drilling new artesian wells to provide clean drinking water to an additional 1 mn people in various regions and villages in Tanzania under the the UAE Water Aid Foundation initiative, according to the Dubai Media Office.
HOSPITALITY-
Mered taps HBA as interior designs partner for new Dubai tower: Dubai-based real estate developer Mered is partnering with American hospitality design firm Hirsch Bedner Associates (HBA) for the interior development of its Iconic Tower, it said on LinkedIn. The residential tower will offer some 310 apartment units in Dubai Internet City, and is slated for handover in 2Q 2027.
EDUCATION-
New index measuring AI in humanities: The University of Dubai and the Artificial Intelligence Journalism for Research and Forecasting have launched the Arab Index for Artificial Intelligence in Universities, according to a press release. The Index measures the integration of AI technologies into humanities and theoretical sciences across Arab universities through six indicators: curricula, professors, labs, student skills, and the scientific research index.
