UAE realty sector poised for growth as central bank forecasts 6.2% GDP growth in 2025
Factors such as increased foreign investment, ambitious urban projects, and favorable regulatory reforms are expected to propel the real estate...
Business
Dubai SME, Danube Group partner to aid Emirati-owned SMEs
Dubai, UAE – Danube Group, a leading conglomerate in the Middle East and Dubai SME, a subsidiary of the Dubai...
Business
Business
Uniper, UAE’s Masdar working on hydrogen project
Upon the approval of the European Commission, the Berlin government this week completed a 34.5 billion euro ($36.55 billion) bailout...
- Upon the approval of the European Commission, the Berlin government this week completed a 34.5 billion euro ($36.55 billion) bailout for Uniper
- Germany has intensified its focus on energy security and the use of green hydrogen produced from renewable energy compatible with EU climate goals
Business
QatarEnergy, QPD to further develop Al-Karkara and A-Structures oil fields
The new 5-year agreement, which commences on December 23, succeeds the development and production sharing agreement signed in December 1997.
- The new 5-year agreement, which commences on December 23, succeeds the development and production sharing agreement signed in December 1997
- The fields were initially considered non-commercial until QPD managed to prove their commercial viability in the late 1990s
Economy
UAE, Canada non-oil trade totals $3bn in first 9 months of 2022
The UAE is the second leading trading partner of Canada in the Gulf Cooperation Council (GCC) and the region in...
- The UAE is the second leading trading partner of Canada in the Gulf Cooperation Council (GCC) and the region in 2021
- Canadian direct investments in the UAE until the start of 2021 amounted to AED3.6 billion, a rise of 100 percent over the past 8 years
Economy
UAE launches corporate tax public awareness program
ABU DHABI, UAE - UAE's Ministry of Finance (MoF) has launched a Corporate Tax Public Awareness Program following the issuance...
- The program has been designed to raise awareness of the UAE corporate tax law among the largest audience possible.
- While the sessions are open to the public, the primary target audience includes business leaders from all sectors.
Economy
DEWA launches construction work of Hatta Sustainable Waterfalls project
DUBAI, UAE - MD & CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer has launched the...
- The Hatta Sustainable Waterfalls project is unique for its innovative architectural idea.
- The Hatta Sustainable Waterfalls project will use the slope of the upper dam of Hatta plant to create a natural waterfall.
Geostrategy
UAE foreign minister meets visiting First Lady of Israel
Sheikh Abdullah affirmed the UAE's keenness to strengthen the strategic partnership with Israel and advance bilateral cooperation in various fields.
- Sheikh Abdullah affirmed the UAE's keenness to strengthen the strategic partnership with Israel and advance bilateral cooperation in various fields
- Israel and the UAE forged ties in the United States-brokered Abraham Accords in 2020, bringing over a decade of covert contacts into the open
Ukraine flags vie with Christmas decor as Zelensky visits Washington
Americans called him heroic and compared the visit to that of Britain's premier Winston Churchill, who came to Washington in...
- Pennsylvania Avenue, the grand boulevard which links the White House and Congress, was blocked off for the one-day visit of Ukraine's president
- Outside of the White House, Zelensky's first stop of the day, television cameras from around the world were there to record the visit of the wartime leader
Economy
National banks’ financing of trade, industry sectors totalled $10bn in 9 months: CBUAE
The statistics showed that the cumulative balance of credit provided by national banks to the trade and industry sectors reached...
- The statistics showed that the cumulative balance of credit provided by national banks to the trade and industry sectors reached $196 billion at the end of August
- According to the central bank’s data, the cumulative balance of credit provided by national banks to the two sectors increased annually by 4.83 percent
Business
Nike shares soar as profits top estimates
Profits for the Q1 came in at $1.3 billion.
- Profits for the quarter ending at November 30 came in at $1.3 billion, the same as in the year-ago period while revenues jumped 17 percent to $13.3 billion
- In the most recent quarter, Nike's gross margin declined compared with the prior quarter due to higher markdowns, especially in North America, Nike said.
Morocco World Cup team arrives home to heroes’ welcome
The team and their coach Walid Regragui waved from an open-topped bus as they were driven from the airport and...
- The crowd cheered and some waved flares as fireworks crackled in the sky over the seaside capital, AFP correspondents said
- The king, alongside crown prince Moulay Hassan, handed out awards to the president of the Moroccan football federation
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
UAE realty sector poised for growth as central bank forecasts 6.2% GDP growth in 2025
Factors such as increased foreign investment, ambitious urban projects, and favorable regulatory reforms are expected to propel the real estate...
Business
Company News
Latest News
Indian spiritual leader Sadhguru to kick off COP28 faith pavilion
Dubai, UAE – Indian spiritual leader Sadhguru will address the first-ever Faith Pavilion at COP28 on Friday December 1, kicking...
COP28 UAE
MoHRE asks over 12,000 private firms to meet Emiratization targets
DUBAI, UAE – The Ministry of Human Resources and Emiratization (MoHRE) has notified over 12,000 private companies with 20-49 workers...
Geostrategy
Siranna: NEOM’s premier destination for elite travelers revealed
NEOM, Saudi Arabia – NEOM, a futuristic city planned by Saudi Arabia in its northwestern Tabuk Province, has unveiled Siranna,...
Economy
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Geostrategy
Israel’s security impossible without resolving Palestinian problem: Russia
United Nations - Israel’s security can be ensured only through a lasting solution to the Palestinian problem and Russia is...
- Many questions arise about ways of reviving Gaza and about the future lasting solution to the Palestinian problem in general, Vasily Nebenzya said
- The mechanism of external backing for conditions for a lasting, stable settlement on the basis of the two-state solution should be really representative, he added
Business
Aster to separate its India and GCC businesses
Dubai, UAE - Aster, an integrated healthcare provider, is separating its India and GCC businesses, subject to regulatory and corporate...
- Under the plan, a consortium led by Fajr Capital has entered into an agreement to acquire a 65% stake in the ownership of the GCC business
- The separation plan will unlock value for the shareholders by allowing both the India and GCC businesses to adopt a market-focused strategy
Geostrategy
UNGA resolution calls upon Israel to withdraw from the occupied Golan Heights
United Nations - The UN General Assembly adopted a resolution calling upon Israel to withdraw from the occupied Golan Heights,...
- A total of 91 countries voted in favor of the document, including Russia, Brazil, India, China and Saudi Arabia
- Eight countries, including the United States and the United Kingdom, voted against. 62 countries abstained