AB Espresso: Major Dubai Metro update

Hello reader,

In today’s newsletter:

Take a look at the most recent news from Arabian Business, where our team of editors has gathered the key updates in the region from Wednesday:

The opening of a new junction for Dubai Metro passengers has been billed as a “monumental” boost for passengers in the city. The Roads and Transport Authority (RTA), in cooperation with Keolis MHI (the operator of Dubai Metro and Tram), has unveiled an improvement to the timetable of Dubai Metro Red Line Y junction, to eliminate the need for passengers to interchange at Jebel Ali metro station starting April 15, 2024.

On the real estate front, families looking to rent a spacious villa in Dubai without breaking the bank, there are still options available for AED100,000 or less per year. Based on data from Property Finder’s House Prices calculator and several listings on Bayut, here are four neighbourhoods where three-bedroom villas can be found in this price range.

Meanwhile, the Arabian Business Leadership Summit 2024 promises to be the most significant business event of the year, bringing together industry trailblazers, influential leaders, and aspiring professionals under one roof. That said, here are seven reasons why you should book your tickets now.

In other news, payment solutions provider Tabby processed over SAR162 million ($43 million) in sales in Saudi Arabia and the UAE on March 28th alone. The feat was revealed through Tabby’s online Ramadan Dashboard, which granted real-time access to the company’s retail sales data for 24 hours.

Aside from this, news broke that the UAE is considering introducing new five and 10-year commercial licences for businesses in the country. The silver and gold licences are being debated as a means to boost government revenues and create opportunities for economic growth and innovation for entrepreneurs.

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