UAE Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi has said the trade partnership with India is founded on historical ties of friendship and cooperation. Media reports said that Al Zeyoudi made these remarks during his visit to India as head of a high-level Emirati delegation...

The OECD rules will ensure that multinational corporations pay a minimum 15% tax rate from 2023.

The $2.2-trillion Islamic finance industry is set to take off in a big way across the world as it recovers from the Covid-19 pandemic. But it may not be the case in the Europe.

The main reason for high inflation rates in the GCC countries is a rebound in prices in the sectors that were affected the hardest during the Covid-19 crisis, Chief Economist at Oxford Economics Middle East, Scott Livermore, tells TRENDS in an interview.

The new methodology also introduces measurement of these exposures, based on credit risk-weighted assets using the CBUAE’s capital adequacy standards.

The facility is in line with EDB's strategy to support large corporates.

The acquisition is part of Al Qudra's diversification strategy.

The World Trade Center will deliver and oversee a new world-class regulatory framework of Virtual Asset legislative and enforcement policies.

The high-powered meeting scheduled for January 17-21, which usually draws leading figures from business, politics and diplomacy, will instead be held in "early summer", the organizers said. Last year's edition was canceled because of the pandemic.

French lending giant BNP Paribas said Monday it had sold its US retail and commercial banking arm Bank of the West for $16.3 billion in cash. BNP Paribas said in a statement that the sale to Canada's Bank of Montreal (BMO), at a price equivalent to 14.5 billion euros, "is...

Gamers on Yas Bay will be joined by those taking part in Monterrey, Mexico at Parque Fundidora and Kaohsiung, Taiwan at the Taiwan Lantern Festival.

Abu Dhabi Ports Group has signed an agreement with the Aqaba Development Corporation (ADC) of Jordan to build a cruise terminal at Marsa Zayed in Aqaba. It will be the first facility to be developed by AD Ports Group in Jordan and its first cruise facility outside of the UAE....

Alpha Dhabi Holding, the Abu Dhabi-based conglomerate, has announced that it will be investing about AED1 billion in the Abu Dhabi Chemicals Derivatives Company, known as TA’ZIZ. Media reports said the investment comes as part of Alpha Dhabi Holding’s expansion plans and future strategy announced last week targeting AED8 billion...

India's Minister for Commerce and Industry Piyush Goyal has said that his country's goal is to become the UAE's number one trading partner. Goyal talked with industry executives and leaders of Export Promotion Councils in Mumbai on Saturday on using available opportunities to widen their global impression by grasping business...

Michele Montecchio was appointed as Country Manager for the Middle East.

Non-fungible tokens are digital items whose certificates of authenticity and ownership are registered on blockchains, the technology behind cryptocurrencies.

The insights from the Dubai Chamber study were released during a business seminar titled The Road Ahead: UAE and Dubai Economic Outlook and Opportunities in Dubai Exports. They pointed to a positive and robust recovery for the UAE economy over the next five years.

The Federal Tax Authority of the UAE has organized field tours to ensure the readiness of Self-Service Kiosks, which allow tourists to recover Value Added Tax on their purchases. The kiosks have been placed at all exit ports included in the VAT Refund Scheme for Tourists. Tourists can submit their...

An NFT by digital artist Beeple was auctioned at Christie's in March for $69.3 million in March this year.

The Oman-origin telecom firm has signed a deal with Optiva for this.

Morocco’s official recycling aim is 20 percent garbage by 2022 which has been moved to 2030.

In 2020, Saudi Arabia hosted the International Date Council meeting, under the chairmanship of the Minister of Environment, Water and Agriculture.

Tunisian authorities are scrambling to find new sites as most of the country's 11 official dumping grounds will close by the end of 2022.

The deals are in sectors ranging from livestock-rearing to vegetables, rabbits, and even Omani thyme.

The Dubai firm has appointed an exclusive pan-India franchisee.

The center will offer digital products and services using Fourth Industrial Revolution technologies, such as cloud services, the Internet of Things (IoT) and Artificial Intelligence (AI).

One of the pact's aims is easing access to residence visas.

Emirates today received delivery of its 123rd Airbus A380 superjumbo jet. The aircraft, registered as A6-EVS, is also the final new A380 aircraft to join Emirates’ fleet. Emirates said it was the first airline to announce an order for the A380 at the 2000 Farnborough Air Show, when the aircraft...

The Abu Dhabi based consortium will focus on identifying growth opportunities and guiding the company’s long-term strategy.

Global cues and local developments could not dampen the overall improvement.

Investment opportunities also exist in IT solutions for Jordan's financial sector and enterprise solutions and emerging applications. In addition, Jordan is experiencing an influx of investment to develop software-dependent sectors such as transportation, tourism, energy, and water, the Jordanian minister adds.

Etihad Airways has announced a new travel solution aimed at corporate and frequent travelers booking from the UAE, said local media. The newly launched Etihad WorldPass allows the airline’s customers to purchase a travel subscription which offers complete flexibility and ease with rearranging bookings throughout the year, said sources. Etihad...

The pact entails building smart transportation ecosystem.

Reddit submits draft registration with the USSEC.

King Mohammad bin Salman bin Abdulaziz recently announced that the kingdom would bid for the expo.

Qatar Executive is a business-jet subsidiary of Qatar Airways.

Factors ranging from internet penetration to smartphone ownership to bank-account holdings, and more are coming together to make Saudi Arabia an ecommerce powerhouse.

Boeing currently supplies much of Qantas' domestic fleet.

Demand for PV technology will increase in 2022, says Fahad Bin Omairah, CEO of Bin Omairah Holding Company.

Abu Dhabi Development Holding Company (ADQ) has established a new office in Egypt to build on its commitment to investing in the country’s economic growth, media reports said. The opening of ADQ’s new office complements the $20 billion (AED 73 billion) strategic investment platform launched in 2019 between ADQ and...

Ras Al Khaimah Economic Zone (RAKEZ) has entered into a strategic alliance with the Commercial Bank of Dubai (CBD) to provide RAKEZ clients with quick and convenient access to the bank's products and services. A Memorandum of Understanding (MoU) was signed by Ramy Jallad, Group CEO of RAKEZ, and Dr....

Reports say that Sheikh Abdullah bin Zayed praised the outstanding relations between the UAE and the ASEAN countries.

The RewirEd Summit sponsored by Etihad Airways and Hettich in Expo 2020 Dubai concluded yesterday with a series of major announcements and program launched to transform the worldwide education system

ADNOC announced on Wednesday "significant conventional oil, condensate and gas discoveries" of up to 1 billion barrels of oil equivalent (BOE) from an exploration well in Abu Dhabi’s Onshore Block 4 Concession, which is operated by Japan’s INPEX/JODCO. ADNOC announced the discovery on a Twitter post and said it comprises...

The new partnership between Harvard university’s Growth lab and the UAE’s Ministry of Economy is in line with the government’s efforts to create a new model for the formulation of future economic policies

TRENDS broke this news in October. The agreement will regulate the offering, issuance, listing and trading of encrypted assets of the firm that is based in Seychelles.

The 18th edition of the show, organised by Messe Frankfurt Middle East, has exhibitors from 47 countries and 12 national pavilions

Over the last three years, ADIB has catered to the growing demand for commercial property investments in London as well as major regional cities in the UK.

Khazaen, Oman's fully integrated economic city, has signed two agreements worth more than Omani Riyal 1.5 million ($3.8 million) with national firms to carry out vital projects and attract investments and provide integrated solutions in different industrial sectors. Omani media reports said the first agreement was signed with an Omani...

The Ajman’s Department of Finance has signed agreements with 12 local banks to offer an "easy payment plan", which allows installment payments for government service fees to be made through the "Ajman Pay" platform when paid using any credit cards of these banks. The participating banks include First Abu Dhabi...