Latest news with #Non-GCC
Mid East Info
28-02-2025
- Business
- Mid East Info
GCC markets account for 52% of Dubai Chamber of Commerce members' exports and re-exports in 2024 with combined value of AED 161 billion
Non-GCC Middle Eastern countries accounted for 24.8% of total exports, with a combined value of AED 76.8 billion. African markets ranked third, capturing 10% of total exports with a value of AED 30.9 billion. Dubai, UAE – Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that the Gulf Cooperation Council (GCC) markets maintained their position as the leading global export and re-export destination for its members during 2024. GCC countries accounted for 52% of total exports and re-exports with a combined value of AED 161 billion, highlighting the market's significant role in members' trade activities. Countries in the Middle East excluding GCC markets ranked second among the leading export destinations, capturing 24.8% of total exports and re-exports with a combined value of AED 76.8 billion. African markets ranked third, accounting for 10% of members' total exports and re-exports with a value of AED 30.9 billion. The Asia-Pacific region followed in fourth place, contributing 9.6% of total exports and re-exports with a combined value of approximately AED 29.7 billion. European markets secured the fifth position, representing 2.5% of total exports and re-exports with a value of AED 7.9 billion. Meanwhile, North American markets ranked sixth, contributing 0.7% of exports valued at around AED 2 billion. Latin American markets came seventh on the list, accounting for 0.5% of total exports and re-exports in 2024 with a value of AED 1.4 billion. In a significant achievement, the total value of exports and re-exports by Dubai Chamber of Commerce members exceeded AED 300 billion for the first time since the chamber's establishment. The total value reached AED 309.6 billion during 2024, marking an impressive annual growth of 9.2%. About Dubai Chamber of Commerce: Established in 1965, Dubai Chamber of Commerce continues to represent, support, and protect the interests of the business community in Dubai, create a stimulating business environment, and promote the emirate as a global business hub. The chamber is one of three chambers operating under the umbrella of Dubai Chambers, which was restructured under a decree issued by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
Emirates 24/7
27-02-2025
- Business
- Emirates 24/7
GCC markets account for 52% of Dubai Chamber of Commerce members' exports and re-exports in 2024 with combined value of AED 161 billion
Non-GCC Middle East ern countries account ed for 24.8% of total exports, with a combined value of AED 76.8 billion. Africa n markets rank ed third, capturing 10% of total exports with a value of AED 30.9 billion. Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that the Gulf Cooperation Council (GCC) markets maintained their position as the leading global export and re-export destination for its members during 2024. GCC countries accounted for 52% of total exports and re-exports with a combined value of AED 161 billion, highlighting the market's significant role in members' trade activities. Countries in the Middle East excluding GCC markets ranked second among the leading export destinations, capturing 24.8% of total exports and re-exports with a combined value of AED 76.8 billion. African markets ranked third, accounting for 10% of members' total exports and re-exports with a value of AED 30.9 billion. The Asia-Pacific region followed in fourth place, contributing 9.6% of total exports and re-exports with a combined value of approximately AED 29.7 billion. European markets secured the fifth position, representing 2.5% of total exports and re-exports with a value of AED 7.9 billion. Meanwhile, North American markets ranked sixth, contributing 0.7% of exports valued at around AED 2 billion. Latin American markets came seventh on the list, accounting for 0.5% of total exports and re-exports in 2024 with a value of AED 1.4 billion. In a significant achievement, the total value of exports and re-exports by Dubai Chamber of Commerce members exceeded AED 300 billion for the first time since the chamber's establishment. The total value reached AED 309.6 billion during 2024, marking an impressive annual growth of 9.2%. Follow Emirates 24|7 on Google News.
Arabian Business
13-02-2025
- Business
- Arabian Business
Talabat over-delivers on guidance as net income grows 64% to $346mn
Delivery platform Talabat Holding, announced its first set of unaudited preliminary pro forma financial results for the full year 2024 following the initial public offering in December last year, beating guidance on some of the key numbers and delivering a record Gross Merchandise Value (GMV) of $7.4 billion. For FY 2024, management revenue (without deducting vouchers and discounts issued to customers and reconciliation effects) grew 32 per cent, exceeding the top end of guidance, to reach $3 billion for the year. Adjusted EBITDA also beat the guidance, as it grew 55 per cent to $497 million, or 6.7 per cent of GMV (the total value of goods sold through the platform). Talabat GMV hits record GMV grew 23 per cent for the year compared to 2023, in line with guidance, and reached a record $7.4 billion. The growth was driven by stronger consumer demand through new customer acquisition and increased order frequency. Monthly active customers served increased 25 per cent over the previous year, while the average order frequency of active customers increased 8 per cent. Net income jumped 64 per cent to $346 million or 4.7 per cent of GMV, which was in line with expectations. On a normalised basis, adjusting for material non-recurring items to allow for a like-for-like comparison, net income grew 53 per cent to $393 million or 5.3 per cent of GMV. GMV growth and margin expansion were across both geographical segments – GCC (comprising operations in the UAE, Kuwait, Qatar, Bahrain and Oman) and non-GCC (operations in Egypt, Jordan and Iraq). GCC GMV grew to $6.3 billion, up 20 per cent and representing 85 per cent of total GMV. Non-GCC GMV grew at a faster rate of 42 per cent to $1.1 billion, making up for the remaining 15 per cent of total GMV. Food GMV grew 16 per cent to $5.5 billion, but the pace was outstripped by G&R (grocery and retail) GMV, which was up 47 per cent to $1.9 billion. Tomaso Rodriguez, Chief Executive Officer of Talabat, commented: '2024 was a truly landmark year for Talabat. We delivered exceptional financial results, achieving a record $7.4 billion in GMV and exceeding both our revenue and Adjusted EBITDA guidance. 'Our strong performance in the last quarter of the year supports an increase in the upcoming dividend payment amount to $110 million. These achievements underscore the strength of our growth strategy and the dedication of our teams across all eight countries in which we operate. 'Looking ahead to 2025, we are confident in our reiterated guidance and our ability to continue driving sustainable growth and profitability. We remain focused on expanding our market leadership, enhancing our technology platform, and strengthening our partnerships across the ecosystem.' Talabat reiterated its guidance for the full year 2025. GMV is projected to grow 17-18 per cent year-on-year, and revenue is expected to grow 18-20 per cent. The company expects adjusted EBITDA margin to remain in the 6.5-7.0 per cent and net income margin to expand into the 5-5.5 per cent range.
Hi Dubai
07-02-2025
- Business
- Hi Dubai
Dubai to Muscat Bus Service: Timings, Ticket Price & More
The Dubai-Muscat bus service was established to strengthen the deep-rooted ties between the UAE and the Sultanate of Oman, facilitating seamless travel and enhancing economic, cultural, and social exchanges. This initiative underscores the commitment of both nations to bolster connectivity and provide accessible transportation options for citizens, residents, and tourists. The service has been well-received, with a significant number of passengers utilizing the route daily. For instance, in 2023, Mwasalat, Oman's national transport company, transported over 4.5 million passengers, reflecting a 40% increase from the previous year. This equates to approximately 12,000 passengers daily across various routes, indicating a growing demand for public transportation between the two nations. The Dubai-Muscat bus service not only offers a cost-effective and convenient travel option but also plays a pivotal role in strengthening the bilateral relationship between the UAE and Oman, fostering greater collaboration and mutual understanding. In this article, we will delve into the specifics of the Dubai to Muscat bus service, including detailed information on timings, ticket prices, boarding points, and essential travel tips to ensure a seamless journey. Bus Service from Dubai to Muscat The Dubai to Muscat bus service provides a convenient and affordable way to travel between the two cities, covering a distance of over 400 kilometers. The journey typically takes around six hours, depending on border procedures and traffic conditions. This cross-border service is a preferred option for both residents and tourists, offering a smooth and scenic travel experience. Bus Stops Along the Route Passengers traveling on the Dubai to Muscat bus can board at designated stops within Dubai, ensuring easy access to the service. The key pick-up points include: Al Rashidiya Bus Station – A major transport hub in Dubai, offering easy connectivity to other parts of the city. – A major transport hub in Dubai, offering easy connectivity to other parts of the city. Dubai International Airport Terminal 2 – Ideal for travelers arriving by air and heading directly to Muscat. The bus makes scheduled stops at these points before proceeding toward the UAE-Oman border and continuing to Muscat, providing a hassle-free journey for passengers. Entry Requirements and Eligibility Entry regulations for passengers traveling from Dubai to Muscat depend on nationality and visa policies. Gulf Cooperation Council (GCC) Nationals Citizens of GCC countries (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE) can travel to Muscat using only their national identity card . They do not require a visa to enter Oman. Citizens of (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE) can travel to . They do not require a visa to enter Oman. Non-GCC Citizens Travelers who are not from GCC nations must have a valid visa to enter Oman. Visa requirements may vary based on nationality, and passengers are advised to check the latest regulations before traveling. Dubai to Muscat Bus Timings The Dubai to Muscat bus service, operated by Dubai's Roads and Transport Authority (RTA) in collaboration with Mwasalat, provides passengers with multiple departure options throughout the day. The service runs on a fixed schedule, ensuring convenience for travelers heading to Muscat from Dubai. Below is the schedule for different departure points within Dubai. Bus Timings from Dubai to Muscat Departure Point Morning Afternoon Night Dubai Airport Terminal 2 07:45 AM 03:45 PM 11:15 PM Al Rashidiya Bus Station 08:00 AM 04:00 PM 11:30 PM Abu Hail Station (Salahuddin Road) 07:00 AM 03:30 PM 11:00 PM Note: Timings may be subject to change based on operational requirements or public holidays. Comfort and Facilities in Dubai to Muscat Bus Service The Dubai to Muscat bus service is designed to offer a safe, comfortable, and hassle-free journey. Each modern air-conditioned coach can accommodate up to 50 passengers, ensuring ample space for travelers. Passengers can expect the following facilities onboard: Comfortable reclining seats with ample legroom for long-distance travel. Free WiFi connectivity for passengers to stay connected throughout the journey. Luggage storage space, ensuring a stress-free travel experience. Well-maintained and secure buses, prioritizing passenger safety. According to Ahmed Al Balushi, CEO of Mwasalat (Oman National Transport Company and National Ferries Company), the primary focus of this cross-border service is safety, convenience, and passenger satisfaction. He emphasized that this partnership between Mwasalat and RTA Dubai is expected to be the beginning of a fully integrated transportation network between the UAE and Oman, making cross-border travel even more seamless in the future. Bus Fare from Dubai to Muscat The Dubai to Muscat bus service offers a cost-effective way to travel between the two cities, making it an ideal choice for budget-conscious travelers. The ticket prices are affordable, ensuring accessibility for both residents and tourists. One-way ticket : AED 55 : AED Round-trip ticket: AED 90 In addition to the ticket fare, all passengers are required to pay a departure tax of AED 35 when crossing the border from the UAE into Oman. This fee is mandatory and must be settled before completing the border crossing formalities. How to Purchase Tickets Currently, online booking for the Dubai to Muscat bus service is not available. Travelers must buy their tickets in person at designated bus stations in Dubai, where official ticket sales platforms are set up. Passengers are advised to arrive early at the station to secure their seats, especially during peak travel seasons. With its affordable pricing, direct route, and comfortable amenities, the Dubai to Muscat bus service remains a reliable and economical transportation option for those traveling between the UAE and Oman. FAQs (Frequently Asked Questions) Q. How long does the Dubai to Muscat bus journey take? A. The bus journey typically takes 6 to 7 hours, depending on traffic conditions and border crossing times. Passengers should factor in additional time for passport control and customs clearance. Q. Do I need a visa to travel from Dubai to Muscat by bus? A. GCC nationals (UAE, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia) can enter Muscat using their national ID without needing a visa. Other nationalities must obtain an Oman visa before traveling. It is recommended to check the latest visa policies via official government sources. Q. Where can I buy bus tickets for the Dubai to Muscat route? A. Currently, online ticket booking is not available. Passengers must purchase tickets directly from ticket counters at the designated bus stations in Dubai, such as Al Rashidiya Bus Station, Dubai Airport Terminal 2, or Abu Hail Station. Q. What documents do I need for border crossing? A. Travelers must carry: A valid passport (with at least 6 months validity) Visa for Oman (if required based on nationality) UAE exit fee receipt (AED 35 must be paid at the border) Q. What facilities are available on the Dubai to Muscat bus? A. Buses are modern and well-equipped, offering: Comfortable, reclining seats Free onboard WiFi Air conditioning Luggage storage space Q. What happens if I miss my bus? A. If you miss your scheduled departure, you will need to purchase a new ticket for the next available bus. Ticket rescheduling or refunds may not be available, so it's best to arrive at the station at least 30 minutes before departure. Q. Is there a luggage limit for passengers? A. Passengers can carry a reasonable amount of luggage, but large or excess baggage may be subject to additional charges. It's best to check with RTA Dubai or Mwasalat for exact luggage restrictions. Q. Can I bring food and drinks on board? A. Yes, passengers are allowed to bring food and drinks, but it's advised to consume them responsibly to keep the bus clean for all travelers. Q. Are there stops along the way for restroom breaks? A. Yes, the journey includes scheduled stops for refreshments and restroom breaks. However, it is advised to use facilities at the bus station before departure to avoid inconvenience. Q. Can I take the bus from Muscat to Dubai as well? A. Yes, the bus operates in both directions. Travelers in Muscat can board buses heading back to Dubai from designated bus stations, and the same fare and visa requirements apply. The Dubai to Muscat bus service plays a vital role in enhancing regional connectivity and fostering stronger ties between the UAE and Oman. As tourism and trade between the two nations continue to grow, this cross-border transportation service offers a seamless way for travelers to explore Muscat's cultural heritage, scenic landscapes, and bustling markets without the hassle of flights. With ongoing improvements in infrastructure and transportation networks, future expansions in routes and services may further enhance travel convenience, making land-based travel between these neighboring countries even more accessible. Also read: Hop Onboard: All You Need to Know About the Dubai Metro Blue Line Project Dubai, a city renowned for its futuristic skyline and innovative urban planning, is about to take another giant leap in public transportation with the upcoming Blue Line of the Dubai Metro. Here what you need to know about the upcoming project. Dubai Metro to Expand with Addition of 32 New Stations by 2030 Dubai's Metro service is poised for a substantial expansion following the approval of a comprehensive development plan by the emirate's Executive Council. RTA Optimises Bus Routes to Streamline Mobility Dubai's Roads and Transport Authority (RTA) announced changes in several public bus routes in Dubai to ease the daily mobility of riders and enable them smooth and hassle-free journeys to their intended destinations across the emirate. Dubai Bus Guide: Stations, Routes, Timings & More Here's your complete guide on how to use the Dubai bus. We tell you all the bus routes in Dubai, and bus timings and even have a bus routes map for you too!
