Author: Arabian Media staff
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Image: Getty Images/ For illustrative purposes Global passenger demand grew 4 per cent in July compared to the same month last year, driven by stronger international traffic, the International Air Transport Association (IATA) said on Sunday. Total demand, measured in revenue passenger kilometers (RPK), rose 4.0 per cent year-on-year, while total capacity expanded 4.4 per cent. The global load factor slipped 0.4 percentage points to 85.5 per cent. International demand increased 5.3 per cent compared to July 2024, outpacing domestic growth of 1.9 per cent. Globally, International capacity grew in July: IATA data shows International capacity was up 5.8 per…
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Images: Dubai Media Office/ RTA RTA has announced that Dubai Metro will operate from Centrepoint Station to Life Pharmacy Station, Expo 2020 Station and back, and from Centrepoint Station to Al Fardan Exchange Station (Al Khail) and back during peak hours. The new lines reduce travel time and make daily trips more efficient, RTA said on social media platform, X. New signage at Metro stations The RTA recently completed an upgrade of wayfinding signage across all Dubai Metro stations. The move aims to enhance the commuting experience, boost user satisfaction, and streamline daily travel across the Red and Green lines…
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Image: Supplied PRYPCO Blocks, the Dubai-based fractional real estate ownership platform, has introduced the UAE’s first upfront rental guarantee for property investors, offering an annual return paid in advance. For the first time in the country, fractional property investors will receive a 5 per cent annual net rental yield credited to their PRYPCO Blocks wallets within two months of investment, the company said on Monday. The model, comparable to a landlord collecting a year’s rent in one cheque, allows investors to access immediate liquidity rather than waiting for monthly or quarterly payouts. The firm said the initiative would help investors…
Image: Dubai Media Office In a strategic move to enhance short-stay yachting visits, further reinforce the city’s position as a global yachting destination, and put the city at the forefront of the global trend of seamless waterfront dining, the Dubai Maritime Authority (DMA) at the Ports, Customs and Free Zone Corporation and the Dubai Department of Economy and Tourism (DET) have launched an innovative Dock & Dine initiative. Encompassing 20 of the top marinas and marine stations in the city, the initiative represents the most comprehensive marina dining concept in the region and directly advances the ambitious goals of the…
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Saudi Arabia’s Small and Medium Enterprises General Authority (Monsha’at) has launched the second edition of the Estrdad initiative, worth SR1.5bn ($400m), to refund government fees and support startups during their first three years of operation. The programme aims to stimulate the business environment, enhance financial stability, and strengthen the sustainability and competitiveness of small and medium enterprises (SMEs). It is part of Saudi Arabia’s ongoing drive to empower entrepreneurship and diversify the economy under Vision 2030. Saudi startup support According to Monsha’at, registration for SMEs begins immediately and will remain open until the end of 2026. Disbursements will be made…
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