Latest news with #Salik
Khaleej Times
3 hours ago
- Business
- Khaleej Times
Abu Dhabi: Ticketless paid parking comes up at Nation Towers
Motorists in Abu Dhabi can now benefit from ticketless paid parking with another location added in the UAE capital. Salik, Dubai's exclusive toll gate operator, in partnership with Parkonic, a Dubai-based smart parking company, announced on Friday, June 20, that barrierless parking has been added Nation Towers in the capital. The ticketless parking at Nation Towers becomes the fourth location in Abu Dhabi and sixth overall across the UAE, operated by Parkonic. Parkonic's locations in the capital include WTC Abu Dhabi, Shams Boutik, and Arc Tower, while it also operates at the Majestic Towers Sharjah and at the Al Suhub Rest House in Khorfakan. In April this year, Parkonic had added 18 new locations for seamless parking in Dubai taking the total to 24 locations in the city. The new locations that were added in Dubai were Union Coop Nad Al Hamar, Heera Beach, Park Islands, Union Coop Al Twar, Union Coop Silicon Oasis, Union Coop Al Qouz, Union Coop Al Barsha, Cedre Villas Community Centre, Burj Vista, Al Qasba, Union Coop Mankhool, Lulu Al Qusais, Marina Walk, West Palm Beach, The Beach JBR, Opus Tower, Azure Residence and Union Coop Umm Suqeim. The other locations are Dubai Harbour on-street parking, Museum of the Future, Global Village (premium), Sofitel downtown, the Crescent and Central Park. How to use Parkonic app? To use the app, drivers have to create a Parkonic account, register their vehicle license plates and top up their wallets. After entering and parking at any parkonic locations, drivers will find a sign displays the car parking rates. When exiting, parking fees will be deducted automatically from the wallet. Users can also pay via cash before they exit through parkonic pay station at the location.
The Sun
6 hours ago
- Automotive
- The Sun
VinFast joins global push into UAE's expanding EV market
HANOI, VIETNAM - Media OutReach Newswire - 20 June 2025 - As the UAE moves steadily toward an electric future, Vietnam's VinFast is establishing its presence, aligning with government ambitions and shifting consumer preferences. Something electric this way comes to the streets of the UAE, as global EV brands are racing to capture the attention of local drivers. These include some from faraway places like Vietnam, as in the case of VinFast, which has been opening showrooms and hosting brand launches in the GCC nations. It's easy to see why this is the case. Market projections show the UAE's electric vehicle market revenue will reach $1.95 billion by 2025[1]. The people also seem ready for a change: A 2024 survey found that 73% of UAE residents want to buy electric cars, with 50% of participants drawn by the promise of advanced technology, improved fuel efficiency (35%), and enhanced safety features[2]. Almost half view electric vehicles as the future of transportation, with 38% planning to purchase one soon. And for some early adopters, that future is already here, with a 23.6% increase in EV charging usage in Dubai by early 2025, according to Dubai's Electricity and Water Authority[3]. The UAE government recognizes this momentum and acts accordingly. Dubai offers free parking for EV owners, provides complimentary Salik tags, and has been expanding charging infrastructure. One expert even suggested creating an EV-only lane on Sheikh Zayed Road if the government wants to achieve its goal of having half of the cars on its roads be electric by 2050[4]. In that context, emerging brands are all vying for a piece of the UAE market, challenging traditional automakers with fresh design languages, high-tech features, and competitive pricing. The upstart VinFast exemplifies this new wave of car manufacturers. In its home market of Vietnam, a country not historically associated with high-tech car manufacturing, VinFast has managed to build an EV supply chain with a 60% localization rate, aiming for 80% by 2026. The brand has recently become Vietnam's best-selling car brand in 2024, thanks to its comprehensive EV ecosystem that includes widespread charging infrastructure and strong after-sales policies. That local appeal has become the launchpad for expansion across the U.S., Europe, and the Middle East. VinFast's VF 8 model represents the brand's international debut, featuring premium design elements and advanced smart technology that align with UAE preferences for both sustainability and luxury. The VF 8 offers competitive performance metrics alongside industry-leading warranty coverage of 10-year/200,000 km vehicle coverage, 10-year/unlimited mileage battery coverage, and comprehensive after-sales support. The vehicle's refined design language and cutting-edge technology package, including a full set of ADAS and 11 airbags, appeal to drivers who view their cars as extensions of their lifestyle choices. More global players will likely enter the UAE market, drawn by government support, consumer enthusiasm, and infrastructure development. The combination creates ideal conditions for brands willing to invest in long-term success. In that context, new EV brands like VinFast, by diving in early, are actively shaping the future of driving in the UAE, proving that electric mobility can deliver both environmental benefits and exceptional experiences.
Time Out Dubai
4 days ago
- Automotive
- Time Out Dubai
A car park at Dubai Mall has officially closed — here's what to know
One of the world's biggest malls has announced that a major parking area has now closed. As of Monday June 16, Grand Parking P1 and P2 at Dubai Mall have temporarily closed as part of the mall's ongoing expansion plans. With 694 parking slots, Grand Parking is the smallest of four car parks at the world's busiest mall. The car park, which can be found on the Financial Street side of Dubai Mall, has closed ahead of the opening of New Grand Drive in August. Fashion Parking, Cinema Parking and Zabeel Parking remain open, and shoppers are encouraged to park there instead. Earlier, Dubai Mall had also revealed that several internal roads and access points have been closed or redirected as part of the expansion plans. If your route includes the Lower Financial Exit Ramp or the Upper Financial Exit Ramp then you'll now need to find an alternative way of getting there. Anyone who uses Grand Drive Valet services will also need to keep this in mind when visiting the mall. Traffic for these access routes will be rerouted via Grand Drive and Cinema P3 during the closure. Visitors are encouraged to follow signage in place and to allow extra travel time. Last year, Dubai Mall introduced paid parking for the first time. A ticketless parking system using vehicle plate recognition now deducts fees from Salik accounts of drivers. The mall smashed its own attendance record in the past year with more than 111 million visitors arriving through the mall's doors in 2024. (Credit: Dubai Mall) Dubai Mall is currently home to more than 1,200 retail spaces, including two anchor department stores in Galeries Lafayette and Bloomingdale's, and more than 200 food and beverage outlets. In 2024, Dubai Mall operators Emaar also announced plans for a massive Dhs1.5 billion expansion, which will bring a whole host of new shops and restaurants to the site. It is unclear whether the expansion plans that require the temporary closure of Grand Parking and the closure of access routes are part of the plans announced last year. Dubai nostalgia 8 pictures of what Global Village used to look like from the 90s car park to today The history of Dubai's favorite family day out 19 pictures showing what DXB Airport used to look like From 200 passengers a day to Emirates launch 20 pictures that show how much Dubai has changed from the 1950s to today. Take a look at these unrecognizable photos of the city
Khaleej Times
12-06-2025
- Business
- Khaleej Times
amana announces expansion of investment platform for all levels of investors
amana, a leading investment platform, announces the expansion of its offerings to meet the needs of both novice and experienced investors across the Middle East and North Africa (MENA). With over 350,000 registered users, amana continues to provide accessible, user-friendly trading and investment services for individuals seeking exposure to both regional and global financial markets. amana now offers commission-free investments in top global stocks such as Microsoft, Netflix, and prominent MENA-listed companies, including Emaar and Salik. This zero-cost access extends to exchange and clearing fees, making it a competitive choice for those looking to build diversified portfolios over the long term. Additionally, the platform supports a wide range of exchange-traded funds (ETFs) across major assets, including US and MENA equities, gold, fixed income, and cryptocurrencies. amana also offers Shariah-compliant investment options, ensuring that all investors can create portfolios aligned with their values. Quickly becoming the preferred platform for active traders in the MENA region, amana provides access to over 450 cryptocurrencies - the largest selection offered by any locally regulated MENA brokerage. The platform also supports trading in more than 5,500 global and regional assets, including the US and international equities, forex, commodities, major market indices, oil futures, and derivatives. To further attract high-volume traders, amana offers a rebate programme with up to 20 per cent cash-back on trading spreads. Additionally, users can earn up to 3.5 per cent interest on uninvested cash, enhancing their potential returns. The app, which is mobile-first, is intuitive and supported by robust regulatory oversight from global authorities, including the SCA, CMA, CYSEC, FCA, DFSA, and LFSA. These strong regulatory frameworks bolster the platform's reputation for security and trustworthiness. With both mobile and desktop access, users can manage their investments seamlessly, eliminating the hassle of using multiple platforms. 'We've built amana around the idea of full access and full control,' said Muhammad Rasoul, CEO of amana. 'Whether you want to build wealth over the long term, actively trade across markets, or do both, amana empowers you with the breadth of assets, the technology, and the transparency to do it your way. In today's digital economy, we believe that everyone has a right to access the global markets and have an opportunity to build wealth without incurring the high fees and commissions charged by banks, traditional brokers, and other investment apps.'
Time Out Dubai
09-06-2025
- Automotive
- Time Out Dubai
RTA to improve 40 Dubai locations this summer
Calling all Dubai motorists, you're about to notice a lot of changes to traffic across the city this summer. The RTA has announced it will be making traffic improvements in 40 different locations throughout the emirate, which will take place between June and September 2025. Covering 22 major streets, nine school zones, five development areas and a series of internal roads, the hope is to reduce journey times and reduce congestion. If you like this: 36 major traffic improvement projects coming soon to Dubai The first phase will include traffic enhancements at key locations, such as Jumeirah Village Circle towards Hessa Street, Ras Al Khor Road, Al Thanya Street, and King Salman bin Abdulaziz Al Saud Street. There will be also be a series of changes made to Al Meydan Street, Al Sa'ada Street, Al Asayel Street, and the junction of Al Wasl Street with Al Manara Street. #RTA commenced a series of traffic improvements across 40 key locations in the Emirate, scheduled for implementation between June and September 2025. The works will cover 22 major streets, 9 school zones, more than 5 development areas, and several internal roads in Tolerance… — RTA (@rta_dubai) June 8, 2025 Works will also be carries out in nine school zones, with upgrades to be made at the Al Warqa 1 school complex as well as an additional bus entrance at GEMS School in Al Warqa 3. Entry and exit points will be widened around The English College in Al Safa and a new pedestrian crossing will be introduced on Al Seedaf Street in Al Barsha to reduce peak time congestion. The RTA also announced traffic solutions at five major development zone, including a direct access route to Al Muhaisnah labour camps from Sheikh Mohammed bin Zayed Road, upgrades to Al Mustaqbal Street and enhancements at Nad Al Hamar junction near Lootah Mosque. Additionally, new parking facilities will be developed to serve Zayed Educational Complex in Oud Al Muteena. Finally, you'll see a series of internal roadworks appear in Tolerance District, Al Khawaneej 2, Jebel Ali Industrial 1, Nad Al Sheba, and Al Warqa, as well as new pavements in Al Quoz Creative Zone. The works are the latest in a huge series of traffic projects across the city to improve travel times and congestion. From major developments to smaller works, you can read all about all of the ongoing projects here. In other Dubai news FIX chocolate is launching a new flavour this week — how to try it You could be one of the first to get your hands on the new bar 6 surprising ways the new dirham symbol will affect you Including where it'll appear on your keyboard Driving in Dubai? Here's what you must know about Salik tolls And how it can cost you
