Latest news with #AED
TAG 91.1
2 hours ago
- Automotive
- TAG 91.1
Dubai's RTA to get over 600 eco-friendly buses under AED 1.1 billion deal
Dubai's Roads and Transport Authority (RTA) has announced plans to add 637 eco-friendly buses to its fleet after signing an agreement worth AED 1.1 billion at the UITP Global Public Transport Summit. The buses will meet the European 'Euro 6' low-emission standards, highlighting the RTA's commitment to support Dubai's sustainability goals transition towards a 100 per cent electric and hydrogen-powered public bus fleet by 2050. Deliveries are scheduled for 2025 and 2026, and also includes 40 electric buses, marking the country's "largest and first-of-its-kind order". The authority also signed a Memorandum of Understanding (MoU) with Chinese electric vehicle manufacturer Build Your Dreams (BYD) to trial electric buses in the city. The e-buses will feature the latest battery systems and technologies developed by BYD.
Hi Dubai
3 hours ago
- Business
- Hi Dubai
UAE Ranks 10th Globally as FDI Inflows Reach Record AED 167.6 Billion in 2024
The UAE has secured its place among the world's top ten destinations for foreign direct investment (FDI), attracting a record AED 167.6 billion (USD 45.6 billion) in inflows in 2024, according to the UNCTAD World Investment Report 2025. The achievement marks a 48% year-on-year increase and reinforces the country's standing as a magnet for global capital amid a challenging international landscape. This performance places the UAE tenth globally for total FDI inflows and second worldwide—after the United States—in newly announced greenfield investment projects, with 1,369 initiatives launched in 2024. The country also captured 37% of all FDI entering the Middle East region. His Highness Sheikh Mohammed bin Rashid Al Maktoum credited the milestone to the visionary leadership of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, highlighting the UAE's strong economic foundation and clear development focus. 'Our message is simple: development is the key to stability, and the economy is the most important policy,' he said. Key sectors driving investment include software and IT services, business services, renewable energy, oil and gas, and real estate. Greenfield FDI into the energy sector alone reached AED 4.8 billion (USD 1.3 billion), supporting national goals to expand renewable energy capacity by 2030. The Ministry of Investment attributed the surge to investor-friendly policies such as full foreign ownership, a 9% corporate tax rate, streamlined licensing, and legal reforms. Minister of Investment Mohamed Hassan Alsuwaidi said the UAE's strategic framework and long-term vision continue to position it as a global investment leader. With cumulative FDI stock reaching USD 270.6 billion in 2024 and a 10.5% compound annual growth rate since 2015, the UAE now aims to attract AED 1.3 trillion in FDI by 2030 under its National Investment Strategy. News Source: Emirates News Agency
ARN News Center
3 hours ago
- Automotive
- ARN News Center
Dubai's RTA to get over 600 eco-friendly buses under AED 1.1 billion deal
Dubai's Roads and Transport Authority (RTA) has announced plans to add 637 eco-friendly buses to its fleet after signing an agreement worth AED 1.1 billion at the UITP Global Public Transport Summit. The buses will meet the European 'Euro 6' low-emission standards, highlighting the RTA's commitment to support Dubai's sustainability goals transition towards a 100 per cent electric and hydrogen-powered public bus fleet by 2050. Deliveries are scheduled for 2025 and 2026, and also includes 40 electric buses, marking the country's "largest and first-of-its-kind order". The authority also signed a Memorandum of Understanding (MoU) with Chinese electric vehicle manufacturer Build Your Dreams (BYD) to trial electric buses in the city. The e-buses will feature the latest battery systems and technologies developed by BYD.
Web Release
5 hours ago
- Business
- Web Release
Bye-Bye Monday Blues, Hello Unlimited Brews at Juan Valdez!
Mondays just got a serious upgrade. Juan Valdez is turning your weekday slump into a caffeine-fueled celebration with its brand-new Anti-Monday Blues offer: unlimited coffee with your breakfast order for just AED 68. Whether you're easing into the workweek or powering through back-to-back meetings, this deal has your coffee cravings covered. From bold espressos to smooth lattes, enjoy bottomless refills of premium 100% Colombian coffee—all day long, every Monday. Start your week on a delicious note at any Juan Valdez location in Jumeirah 2. Because coffee should never be limited—and neither should your Monday motivation. OFFER · Available every Monday | AED 68 for unlimited coffee with any breakfast order · Location: Juan Valdez, Jumeirah 2
Web Release
6 hours ago
- Entertainment
- Web Release
Indikaya Launches Sip & Savories: A Luxe Wine & Snack Combo Experience
Indikaya, the city's destination for refined Indian dining led by the iconic Chef Hemant Oberoi, introduces a chic new ritual: Sip & Savories – a weekly combo that pairs curated bar bites with sommelier's choice of wines, perfect for an after-work unwind or a midweek indulgence. Set against Indikaya's elegant ambiance, Sip & Savories is where classic Indian flavors meet modern flair, and indulgence is not just encouraged, it's expected. Guests can mix and match their choice of two gourmet bar snacks, served alongside two glasses of wine, for AED 150 (vegetarian) or AED 200 (non-vegetarian). Light, luxurious, and bursting with creativity, each bite is designed to delight. Bar Bites Menu: Vegetarian · Cheese Papdi · Mini Truffle Naan · Avocado Balloons Non-Vegetarian · Rock Shrimps · Murg Tikka · Galouti Kebab Whether you're toasting to the day, catching up with friends, or just craving something decadent, Indikaya's Sip & Savories delivers bold Indian flavor in a playful, shareable format—served with the signature finesse of Chef Oberoi. Sip & Savories Combo Available everyday | 4 PM – 8 PM AED 150: 2 glasses of wine + 2 vegetarian bites AED 200: 2 glasses of wine + 2 non-vegetarian bites Location: Level 2, Shangri-La Hotel, Sheikh Zayed Rd, Dubai. Operational Hours: 12 pm to 11:30 pm (daily)
