Business & Investments

Hala Commemorates Five Years of Pioneering Success and Exponential Growth in the UAE

Hala Commemorates Five Years of Pioneering Success and Exponential Growth in the UAE

  • Total Hala taxi trips growth at 17% year on year
  • Achieves 21% growth in average monthly active users
  • Monthly service reliability improved by 11% on average
  • Fleet of over 24,000 Captains and 13,000 Taxis

Dubai, UAE – November 2024: Hala, Dubai’s leading e-hailing taxi service, proudly celebrates five extraordinary years of transforming urban mobility in the UAE. Launched in 2019 as a first-of-its-kind joint venture between Careem and Dubai’s Road and Transport Authority (RTA), Hala has transformed how people move across the city, setting the blueprint for convenience, reliability, and seamless service in Dubai and Ras Al Khaimah. Five years on, Hala stands as a testament to innovation and excellence in the UAE’s mobility landscape.

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Business & Investments

Nasdaq Dubai Welcomes USD 2 Billion Bonds by China’s Ministry of Finance Further Strengthening UAE-China Ties

  • Nasdaq Dubai has solidified its position as a leading venue for listing local and international debt with issuances from over 14 countries.
  • Chinese issuers have listed over USD 22 billion in debt on Nasdaq Dubai over the years

Dubai, 21 November 2024 – Nasdaq Dubai today announced the listing of 2 bonds by the Ministry of Finance of the People’s Republic of China. One is a 3-year USD 1.25 billion bond, and another is 5-year USD 0.75 billion bond. The listing aligns with the UAE’s strategic commitment to enhance economic and financial collaboration with China, a partnership that has flourished over four decades of diplomatic relations.

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Automibiles & Motoring

Bloomberg Intelligence Survey Finds Middle East Buyers Show Limited Interest in BEVs, Favoring ICE Vehicles

  • BI’s auto-buying intentions survey found that only 10% of respondents in Saudi Arabia and the UAE plan to buy a BEV in the next 12 months, compared to 16% in Europe
  • Internal combustion engine (ICE) vehicles dominate preferences (55%), with hybrids accounting for 29%
  • The survey highlights BEV ownership in the Middle East is set to grow despite a continued preference for ICE vehicles, albeit at a slower pace
  • German brands Mercedes and BMW top consumer wish lists, with Tesla in fourth place, while Ferrari and Porsche lead the luxury segment

Dubai, 21 November 2024 – Middle East consumers remain cautious about battery-electric vehicles (BEVs), according to a new Bloomberg Intelligence (BI) survey. Only 10% of respondents in Saudi Arabia and the UAE plan to buy a BEV in the next 12 months, down from 19% in 2023, as concerns over charging infrastructure, battery reliability, and long charging times persist.

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Travel & Tourism

Nasdaq-listed MakeMyTrip Emerges as the Market Leader in UAE’s OTA Air Landscape

The UAE total air market is valued at $3.9 billion from the demand-side in 2023, and is projected to reach $5.4 billion by 2028

Dubai [21st November 2024]: India-based travel research and M&A advisory company VIDEC Consultants, for the first time, has sized the GCC & Egypt travel market opportunity from a highly complex demand-side methodology.

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Shopping & Promotions

Union Coop and Pampers Collaborate to Support Premature Babies

AED 110,000 will be donated to the Al Jalila Foundation in Dubai to support premature births

Dubai, UAE:

Union Coop, in collaboration with Pampers, launched a campaign dedicated to raising awareness about supporting premature babies and their families in the UAE. This initiative was part of both parties’ commitment to delivering community-driven programs aimed at ensuring the well-being of all premature babies who require additional care. The campaign emphasized that every purchase made by customers contributed to the cause of generating essential resources for premature babies.

Coinciding with World Prematurity Day on November 17, 2024, the campaign aimed to increase awareness of the challenges faced by premature babies and their families. Union Coop and Pampers proactively worked together to ensure that these babies receive the care they deserve.

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