As a new week begins, it’s important to know about all the new things that happened over the weekend. After all, going into a new week, one must stay updated with all the updates that may have happened in the region. So, to ensure you don’t miss out on any of the key developments, here’s a bunch of updates from the Middle East that you might want to know of.
Middle East Updates
1. Dubai Taxi To Launch Its IPO
According to a recent report, it was mentioned that the Dubai taxi might soon sell its shares through an initial public offering. This development came after it was converted into a public joint stock company by the Government of Dubai. As it happens, this was approved under the approved Law No. (21) of 2023, pertaining to Dubai Taxi Company by His Highness Mohammed Bin Rashid Al Maktoum, who is the Ruler of Dubai and the Vice President and Prime Minister of the UAE.
2. Riyadh Air To Hold Recruitment Drive
Today marks a moment to remember. We celebrated the next chapter at home first for #RiyadhAir. We are thrilled to introduce our second livery — in an iconic iridescent shade. 🇸🇦#FutureTakesFlight pic.twitter.com/cOizlHfRDt
— Riyadh Air (@RiyadhAir) November 12, 2023
Riyadh Air, which is a new carrier of Saudi Arabia is expected to take flight in mid-2025. As a result, it is planning to hold a recruitment drive in Dubai wherein it will be hiring hundreds of employees across several positions. From cabin crew and pilots to engineers and maintenance, the recruitment will be held in Dubai, Paris, and Saudi Arabia in the fourth quarter of the year. Moreover, 300 cabin crew are expected to be recruited by the end of 2024. And, the first joiners are expected to begin in the first quarter of 2024. For those who aren’t aware, this airline has been launched by the Public Investment Fund. Not to mention, it is also expected to create 200,000 jobs directly and indirectly by 2030.
3. Dubai FinTech Summit To Return In May
https://t.co/TKDA5urmHw#Trescon #TresconMENA #tresconFinTech #FinTech #DubaiFinTech #FinTechDubai #FinTechMENA #FinTechs #FinTechnews #FinTechstartup
— Dubai FinTech Summit (@DubaiFinTechSum) November 7, 2023
It was recently revealed that the Dubai FinTech Summit will be returning for a second edition in 2024. Yes, expected to take place from May 6 to 7, over 8,000 global industry leaders, investors, and policymakers are expected to attend the summit. Not to mention, the program will include over 200 speakers as they provide valuable insight into the industry. And more than 200 FinTech exhibits will be showcasing their cutting-edge development as well. With four stages dedicated to different facets of fintech and innovation, the key topics include the future of fintech.
4. A Saudi Culture Exhibition In Paris Was Visited By Over 5000 People
Showcasing Saudi culture in the heart of the City of Light!
In fourteen incredible days, the #Saudi_Cultural_Exhibition in Paris welcomed visitors. We're thrilled and honored by everyone joining us in building bridges between diverse cultures.#SaudiLPTC pic.twitter.com/L5622T4EI4
— هيئة الأدب والنشر والترجمة (@MOCLiterature) November 12, 2023
More than 5,400 visitors checked out an exhibition that showcased Saudi Culture in Paris. So, the two-week Saudi Culture exhibition, which was organised by the Literature, Publishing, and Translation Commission included a photographic display. By the late French researcher Thierry Mauger, the exhibition documented aspects of the culture and life in Southern Saudi Arabia, during the 1980s and 90s. With rare manuscripts on display, the exhibition featured subject matter that ranged from fashion to philosophy.
Also Read: CT Quickies: Unified GCC Visa To Saudia Tickets Sale; 8 Middle East Updates For You
5. UAE Leaders Wish People Celebrating Diwali
We congratulate everyone celebrating Diwali around the world… Wishing them a very prosperous and joyful festival
— HH Sheikh Mohammed (@HHShkMohd) November 12, 2023
As the Hindus celebrated Diwali around the world, His Highness Sheikh Mohammed Bin Rashid Al Maktoum took to his X account to wish everybody, a prosperous and joyful Diwali. Yes, other UAE leaders like His Highness, Mohamed Bin Zayed Nahyan, who is the President of the UAE also extended his best wishes for people celebrating Diwali in the UAE and across the world.
So, in case he missed out on a few of the updates from the region, we hope we were able to tell you about it.
Cover Image Courtesy: X/RiyadhAir & Canva
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