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Ras Al Khaimah International Airport (RKT) celebrated a significant milestone on 7th October 2024 with the arrival of Fly Vaayu’s inaugural flight from China. The Airbus A320, registered as A6-RMA in the United Arab Emirates, will operate as Fly Vaayu’s hub at RKT, a key link connecting Asia, Africa, and Europe.

NEOM has announced a partnership with Asas Al Mohileb to establish and operate a SR 700M ($186M) ready-mix concrete facility in Saudi Arabia. This multi-plant factory will primarily supply concrete for the construction of THE LINE, a linear city currently under development in NEOM.

Dubai Holding, the vast investment conglomerate owned by the emirate’s ruler, is considering establishing a real estate investment trust (REIT) to capitalise on the city’s property boom, according to sources familiar with the situation.

Cointelegraph has established an office in Dubai at the DMCC Crypto Centre. It joins over 600 Web3 firms currently operating within the DMCC Crypto Centre, which has become the largest cluster of crypto and blockchain businesses in the area.