Sharjah Chamber posts growth in membership in 2023
SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) has announced a series of significant achievements of the...Business Economy
Ghitha Holding buys stake in MNG Airlines
The acquisition of 44% stake is valued at US$211.20 million.Business
BNP Paribas sells US unit Bank of the West for $16.3 billion
French lending giant BNP Paribas said Monday it had sold its US retail and commercial banking arm Bank of the...BNP has owned the bank since 1979 and operates 555 branches in 20 US states, with over 9,000 staff.
The French lender said the US arm had accounted for around five percent of its group-wide pre-tax earnings of between 12 and 14 billion euros in recent years.
Dubai airport fully operational for first time since pandemic
Dubai airport, one of the world's busiest travel hubs, is fully operational for the first time since the coronavirus pandemic...Travel via Dubai increases at the end the year, with foreigners -- who make up the majority of the emirate's population -- heading home for the holidays.
Since the pandemic began, the UAE has registered over 744,400 cases, including 2,152 deaths.
Dubai emerges as global superyacht capital
Dubai is now home to 15 marinas with more than 3,000 berths, which can accommodate an array of pleasure craft...Dubai is now home to 15 marinas with more than 3,000 berths, which can accommodate an array of pleasure craft and luxury yachts as well as superyachts and gigayachts
More than 200 superyachts were registered across the Middle East as of 2019 with Dubai being the base for many of these vessels, says a report by Oxford Business Group
UAE ends cinema censorship, introduces 21+ age rating
The UAE announced Sunday it will no longer censor cinematic releases, introducing a 21 and above age rating for films...The UAE has decided that it will no longer censor cinematic releases
The country has introduced a 21 and above age rating for films it classifies for mature audiences
Abu Dhabi Ports Group to build first cruise facility outside of UAE
Abu Dhabi Ports Group has signed an agreement with the Aqaba Development Corporation (ADC) of Jordan to build a cruise...It will be the first facility to be developed by AD Ports Group in Jordan.
Under the agreement, AD Ports Group's digital arm, Maqta Gateway will also manage the implementation of an advanced Ports Community System.
Alpha Dhabi Holding to invest $272m in TA’ZIZ as part of expansion plans
Alpha Dhabi Holding, the Abu Dhabi-based conglomerate, has announced that it will be investing about AED1 billion in the Abu...Alpha Dhabi has announced targeting AED8 billion for investments in real estate, hospitality and healthcare.
TA’ZIZ is an industrial services and logistics organization that enables and supports the growth of the Ruwais Industrial Complex.
UAE gateway to GCC and Africa markets, says India’s industry minister
India's Minister for Commerce and Industry Piyush Goyal has said that his country's goal is to become the UAE's number...UAE commits $100 billion investment and infrastructure creation in India, says Piyush Goyal.
The UAE-India CEPA will be India’s fastest-negotiated Free Trade Agreement ever between two nations, he said.
Rossi appointed Acer Mideast VP
Michele Montecchio was appointed as Country Manager for the Middle East.Paul Collins, after driving the Acer Middle East and Africa business for seven years, has decided to retire.
Rossi has been with the firm since 2007, having started in product development.
Masses gearing up as NFTs enter video games
Non-fungible tokens are digital items whose certificates of authenticity and ownership are registered on blockchains, the technology behind cryptocurrencies.From art to fashion, the creative industries have been quick to experiment with this innovation
NFTs, meanwhile, have sparked excitement and skepticism alike in the tech sector
Tourism, retail to fuel Dubai economy growth in 2022
The insights from the Dubai Chamber study were released during a business seminar titled The Road Ahead: UAE and Dubai...In 2022, the UAE economy is projected to record an estimated annual GDP growth rate of 3.4 percent
The entire UAE economy began to recover in 2021 by registering an estimated annual GDP growth rate of 3.1 percent
