DUBAI, UAE –  The Dubai Center for Family Businesses, which operates under the Dubai Chambers umbrella, has released a ‘Sample Article of Association for Family Businesses’ to outline effective management, governance procedures and corporate best practices.This will help promote growth and continuity among family businesses in Dubai.The Sample Article of...

Dubai, UAE -- A total of 1,721 real estate and properties transactions valued at AED 5.8 billion ($1.57 billion) were conducted during the week ending 5th January, according to the Dubai Land Department (DLD).The DLD weekly report said that114 plots were sold for AED 1.36 billion, 1,183 apartments and villas...

The aim is to redefine outdoor media advertising in Abu Dhabi.

DUBAI, UAE - The New Year began on a high note for Dubai Duty Free with the announcement of an all-time sales record of US$2.16 billion (AED 7.885 billion) for 2023, representing a 24.39 percent increase over the previous year and 6.4 percent up on pre-pandemic in 2019.December finished with...

ACCRA, GHANA - A United Arab Emirates delegation led by Dr. Rashed Ali Al Kaabi, Assistant Minister of Foreign Affairs for Security and Military Affairs, participated in the United Nations’ Peacekeeping Ministerial Meeting here.The ministerial meeting was the first to be held in Africa with previous sessions taking place in...

Amman, Jordan--The UAE and Jordan discussed enhancing trade and investment relations in order to stimulate joint economic growth and create more opportunities for cooperation between their business communities and private sectors.The discussions took place between in a meeting between Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign...

Dubai, UAE - The UAE has issued a law establishing ‘Parkin’, a public joint stock company (PJSC) that will oversee operations related to parking spaces in Dubai.The newly established company will have financial, administrative and legal autonomy to fulfil its responsibilities, WAM reported.Also, the company's duration is set at 99...

Noatum Terminals is the terminals ops business of Noatum Group.

ABU DHABI, UAE - The International Holding Company (IHC) announced the initiation of the transfer of 2PointZero, a next generation holding company comprising several diverse and dynamic companies, to IHC.Spanning multiple sectors, business combinations of entities under common control, have been combined to form 2PointZero, boasting an impressive asset size...

Halliburton has been operating in the UAE for five decades.

Dubai, UAE--The UAE's Ministry of Human Resources and Emiratisation (MoHRE) has started implementing the cabinet decision to expand the scope of companies subject to Emiratisation targets, where more than 12,000 companies with 20-49 employees, are required to hire at least one UAE citizen in 2024 and another one in 2025.The...

ABU DHABI, UAE - The prices of petrol and diesel are set to decrease in the country in January following fluctuations in the global oil market.This change reflects a continuous trend observed in the fuel prices over the past few months, with September and October witnessing increases and November and...

NEW YORK, US – The Counter-Terrorism Committee (CTC) of the UN Security Council adopted the "Abu Dhabi Guiding Principles" and published them as an official document of the Council during the United Arab Emirates’ presidency of the CTC.This important achievement establishes a set of guidelines that address the challenges posed...

Abu Dhabi, UAE -- The UAE is bidding farewell to 2023, dubbed the ‘Year of Sustainability'. From hosting the relatively successful COP28 to space, the country achieved several milestones. Sustainability drive- 28th UN Climate Change Conference's (COP28) culmination in the historic ‘UAE Consensus' on climate change, which was adopted by...

DUBAI, UAE -  Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has issued Executive Council Resolution No. 124 of 2023 on single-use products.The aim of the resolution is to protect the environment, encourage people to adopt an eco-friendly lifestyle, and...

In 2023, Saudi Arabia, UAE, Qatar, Bahrain, Oman and Kuwait collectively advanced in technology and sustainable development, achieving global integration.

DUBAI, UAE – Egypt stands as the most populous Arab country with 113 million people, marking it the 14th largest population worldwide, according to a recent overview by the World Population Review and Worldometer.The data, highlighting population sizes of various countries worldwide, pointed out that the global population has reached...

Dubai, UAE--The Arab Strategy Forum will commence in Dubai on January 3rd, 2024 to debate the intricate political and economic landscape of the Arab region.Titled "The Political and Economic State of the Arab World in 2024," the thought-provoking event will bring together prominent global leaders, strategic experts, and leading figures...

Dubai, UAE--The UAE leadership places utmost importance on supporting farmers to enhance the sustainability of the agricultural and food sector, ensure national food security and address climate change, according to Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment. She was speaking at the ninth meeting of the...

Abu Dhabi, UAE - The UAE on Friday extradited Gergely Franc, an Albanian national, charged with premeditated murder, to Belgium. The accused was transferred according to the extradition agreement, signed by the United Arab Emirates and Belgium, following the established legal and judicial process, a trial, and as per the...

ABU DHABI, UAE - The UAE insurance sector continues to exhibit robust growth, as evidenced by a 9.6 percent increase in total assets during the first nine months of 2023, reaching US$35.8 billion (AED 131.6 billion) by the end of the third quarter.This translates to an impressive US$3.1 billion (AED...

ABU DHABI, UAE - The Statistics Center - Abu Dhabi (SCAD) has reported a substantial 7.7 percent growth in the real non-oil Gross Domestic Product (GDP) the Emirate during the third quarter of 2023, in comparison to the same period in 2022.This growth is attributed to the success of Abu...

New Year's Eve is usually marked in boisterous fashion in Pakistan, with fireworks and aerial gunfire -- as well as a bank holiday on January 1. Sharjah, an emirate of the United Arab Emirates, on Thursday banned New Year's Eve fireworks over the war in Gaza.

Abu Dhabi, UAE – ADQ, an Abu Dhabi-based investment and holding company, on Thursday announced the signing of a multi-year sponsorship agreement with Pyramids Football Club (Pyramids FC), an Egyptian Premier League professional sports club.As part of the agreement, ADQ will be the Official Partner of Pyramids FC. Since its establishment...

Sharjah, UAE - The Sharjah Consultative Council approved the draft law regarding the budget of departments and entities of the Sharjah government for the fiscal year 2024 during its second meeting, local media reports said.The meeting was held Thursday at its headquarters in Sharjah as part of its first regular...

KLP, which manages over 700 billion kroner ($70 billion), said the exclusion amounted to $15 million. The fund dropped 11 companies in the telecommunications and real estate sectors from Kuwait, Qatar, Saudi Arabia and the United Arab Emirates "over unacceptably high human rights violations' risks".

Dubai – An innovative agricultural project in the United Arab Emirates, has generated $5.6 million euros from carbon credit sales. The achievement symbolizes a successful blend of economic gain and environmental responsibility, leveraging the latest trend in global climate action initiatives.Carbon credits are permits that allow a company to emit a...

Last month flydubai, another low-cost Emirati airline, became the first international carrier to resume flights to Afghanistan since the chaotic withdrawal of US forces in 2021. Apart from flydubai, Afghanistan's Kam Air and Ariana Afghan Airlines currently operate limited services from Kabul to destinations including Dubai, Moscow, Islamabad and Istanbul.

Dubai, UAE - Dubai real estate annual sales comprising 127,000 deals have exceeded Dhs400 billion ($109 billion) during the current year for the first time ever, based on data from the Dubai Land Department (DLD), the highest number recorded in the history of the market. The momentum in the real estate...

Abu Dhabi, UAE--The insurance sector in the UAE witnessed growth and expansion across various key indicators during 2022, according to a report by the Central Bank of the UAE, reflecting a strong, dynamic, and active market driven by increasing demand and effective risk management.According to the apex bank's annual statistical...

Abu, Dhabi, UAE -- A new UAE law contributes to enhancing insured Emiratis chance in obtaining a retirement pension by merging employment years at no cost, which increases the possibility of obtaining a pension and/or end-of-service gratuity once ready to retire.Announced by the General Pension and Social Security Authority (GPSSA),...

DUBAI, UAE - The Telecommunications and Digital Government Regulatory Authority (TDRA) has signed a Memorandum of Understanding (MoU) with the Dubai Maritime Authority of Dubai Ports, Customs and Free Zone Corporation (PCFC).This partnership marks a significant stride in improving the regulatory framework for maritime business operations to enhance efficiency in...

They partnered to lead global expansion of the cooling sector.

The US$3m-contract is for the laying of GRE pipes in Hatta.

Abu Dhabi, UAE--UAE stocks generated strong cash flows Monday, with market liquidity surpassing $272 million. International Holding Company (IHC) and Dubai Electricity and Water Authority (DEWA) topped the market in terms of number of transactions.The Abu Dhabi Securities Exchange (ADX) gained $241.25 million in liquidity, as compared to the $31.31...

Abu Dhabi, UAE -- Institutional investors boosted their acquisition of domestic stocks in 2023, purchasing nearly AED 7 billion ($1.9 billion) in local stocks from January to December 2023. This figure reflects a total purchase of AED 302.7 billion compared to total sales of approximately AED 295.8 billion.Institutional investors dominated...

ABU DHABI, UAE - Abu Dhabi Department of Economic Development (ADDED), represented by Industrial Development Bureau (IDB), and Siemens Energy have joined hands to further decarbonize the Emirate’s booming industrial sector.The collaboration supports Abu Dhabi Industrial Strategy's vision to establish the Emirate as the most competitive industrial hub in the...

Dubai, UAE -- Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum Monday issued a decree for the formation of the Board of Dubai Corporation for Ambulance Services chaired by the Director-General of Dubai Health Authority.The Assistant Commander-in-Chief for Excellence and Pioneering Affairs of Dubai Police will serve as the Vice...

ABU DHABI, UAE - The Federal Tax Authority (FTA) has issued a new guide outlining the criteria to determine natural persons subject to the Corporate Tax Law, that came into effect on June 1 2023.The guide provides a comprehensive and simplified explanation and instructions for natural persons realizing income in...

DUBAI  UAE -  Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince and Chairman of The Executive Council of Dubai, has approved the distribution of performance-based bonuses totaling AED152 million to civilian employees of government entities.The bonuses, subject to Dubai Government Human Resources (DGHR) Law No. (8) of 2018,...

The emirate recorded a total of 3,785 real estate transactions worth AED 16.6bn ($4.51 billion) during the week ending 22 December 2023. Palm Jabal Ali recorded the most transactions for this week with 35 sales transactions worth AED 850.21 million.

The CEPA will cover trade in goods and services, investment facilitation amongst others. Once implemented, it will accelerate robust growth in non-oil bilateral trade between the UAE and Mauritius, which in H1 2023 stood at US$63.1 million, with opportunities strongest in chemicals, metals and petroleum products sectors.

Abu Dhabi, UAE - The United Arab Emirates was named the most economically competitive nation in the Arab world, a report on Arab Economic Competitiveness Index released by the Arab Monetary Fund (AMF).UAE's sustained progress across crucial sectors, including its economy and investment environment are said to be the reasons...

Abu Dhabi's Shuweihat 4 desalination project secures $444 million.

The move is likely to enhance ESG’s manpower portfolio.

Abu Dhabi, UAE - The Central Bank of the UAE (CBUAE) has said that the UAE insurance sector continued to grow in Q3 2023, as reflected by the increase in the number of insurance policies in line with the increase in the gross written premiums (GWP).In its report, CBUAE stated...

Dubai, UAE - Savings Deposits in the banking sector in the UAE, excluding interbank deposits, hit $71.87 billion by the end of October 2023, showing an annual increase of 7.8 percent, equivalent to about $5.17 billion, compared to approximately $66.59 billion in October 2022.The local currency, the dirham, accounted for...

Dubai, UAE -- Consumer spending in the UAE is expected to increase by 5 percent in 2024, while consumers and businesses will face crucial decisions about spending and investing, where price differentials and interest rates have burrowed into budgets, informing the resources available with less wiggle room, according to the...

The bank stated in a report released today that the overall GDP for the country is expected to grow by 3.1 percent in 2023. The report anticipates a non-oil GDP growth of 5.9 percent in 2023 and 4.7 percent in the following year, while estimating the oil GDP growth at...

Abu Dhabi, UAE -- The Abu Dhabi Judicial Department has introduced a new service that allows marriage contracts to be delivered instantly through text messages and approved electronic channels. This is the first service of its kind and it enables the marriage contract to be sent directly to the spouses...