Dubai Metro to extend operating hours on July 20, says RTA
The decision aims at ensuring easier commute during the Global Encounters Festival (2025), which will take place at Dubai World Trade Centre.
The Metro will be operating until 1am, the authority clarified.
The Global Encounters Festival is a major cultural and athletic celebration organised by Global Encounters, an initiative of the Ismaili Muslim community, aimed at uniting and uplifting the global Jamat (Ismaili community) through artistic and sporting excellence.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
a minute ago
- Zawya
Saudi Arabia crude exports hit three-month high in May
Saudi Arabia's crude oil exports in May rose to their highest in three months, data from the Joint Organizations Data Initiative (JODI) showed on Monday. Crude exports from the world's largest oil exporter rose to 6.191 million barrels per day (bpd) from 6.166 million bpd in April. Saudi's crude output for May was at 9.184 million bpd, up from 9.005 million bpd in April. Saudi refineries' crude throughput was at 2.721 million bpd, up 0.017 million bpd from April's 2.704 million bpd, the data showed, while direct crude burning increased by 112,000 bpd to 489,000 bpd. Saudi Arabia and other members of OPEC provide monthly export figures to JODI, which publishes them on its website. The OPEC+ group comprising OPEC and allies such as Russia, this month agreed to raise production by 548,000 bpd in August, further accelerating output increases at its first meeting since oil prices jumped and then retreated after Israeli and U.S. attacks on Iran. Five sources familiar with the discussions said that OPEC+ is likely to approve a further increase for September when it meets on August 3. OPEC+ began to unwind cuts of 2.17 million bpd in April with a boost of 138,000 bpd, followed by further increases in May, June and July despite falling oil prices. Meanwhile, Saudi Arabia's energy ministry said the kingdom had been fully compliant with its voluntary OPEC+ output target, adding that Saudi-marketed crude supply in June was 9.352 million bpd, in line with the agreed quota.
The National
a minute ago
- The National
India's Titan to buy 67% stake in Damas to expand Gulf presence
Indian jeweller Titan will acquire a 67 per cent stake in Dubai-based luxury jewellery retailer Damas for an enterprise value of Dh1.04 billion ($283.2 million) as it seeks to expand its presence in the Gulf. It has signed a share sale and purchase agreement with Damas International, UAE, a wholly owned subsidiary of Qatari conglomerate Mannai Corporation, for the stake, Titan said in a statement to the National Stock Exchange of India, where its shares are listed. On completion of the acquisition, Titan Holdings will hold 67 per cent of the equity share capital and voting rights in Damas and will have a path to acquire the remaining 33 per cent stake from Mannai after December 31, 2029, subject to conditions, the statement said. The completion of the proposed transaction is subject to certain precedent conditions and approvals from antitrust and other regulatory authorities. The transaction is expected to be financed through a combination of debt, cash balances and internal accruals, Titan said. 'After successfully establishing Tanishq in the GCC countries and the US, our ambition for a global jewellery play is moving to the next stage,' CK Venkataraman, managing director of Titan, said. 'The acquisition not only creates a significant new global opportunity for Titan but also enhances our overall position in the jewellery market in the GCC countries and brings in multiple synergy benefits in talent, retail networks and supply chain.' Watch: Dubai's gold traders say demand for raw product up amid broader sales slump Persistent central bank demand, geopolitical tension, sanctions, trade friction and further US dollar weakness are expected to continue supporting gold prices in the second half of the year, analysts say. Gold has climbed more than a quarter this year. Titan, a joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation, commenced its operations in 1987 under the name Titan Watches. In 1994, Titan diversified into jewellery with the Tanishq brand and subsequently into eye care. Damas Jewellery, a premier jewellery retailer, was founded in 1907 and is headquartered in Dubai. It has a network of 146 stores across the Gulf countries. The jeweller houses both in-house collections and international labels and posted revenue of Dh1.46 billion for the financial year 2024. The transaction is 'strategically significant' for Titan's jewellery business as it will enable expansion across six Gulf countries, the statement said. The current Graff Monobrand franchise business of Damas will be discontinued before completion of the proposed transaction, it added. Mannai is a publicly listed company headquartered in Qatar, whose activities are mainly focused on trade and IT services. Damas, which completed a Dh3 billion debt restructuring in 2011, became a subsidiary of Mannai in 2012. The Qatari company will use the sales proceeds to strengthen resources for further expansion of its core trade and IT services businesses and reduce group debt, the statement said. Alekh Grewal, group chief executive of Mannai, said the company would continue to own a minority stake in Damas for the next four years as 'growth plans are taken forward'. As per the proposed transaction, Damas (UAE) will be restructured to Signature Jewellery Holding, a DIFC entity, which will become a holding company after acquiring the fully-paid shares of Damas and its subsidiaries, Titan said in the statement. 'Currently, Damas is the holding company for the entire jewellery business of Mannai Corporation. Post restructuring, Signature Jewellery Holding will become the holding company for Damas, and all the entities under Damas (UAE) will become step-down subsidiaries of Signature Jewellery Holding,' the company added.
Tahawul Tech
a minute ago
- Tahawul Tech
US politician Archives
Middle East is undergoing a visual revolution not just in what people see, but in how spaces perform. The MIP-Visualperfect doesn't just meet today's immersive expectations, it anticipates tomorrow's demand, says Zac Liang, GM – Gulf Area, Unilumin Group.
