Dubai, UAE -- Dubai real estate market recorded deals worth more than AED 1.7 billion (on Thursday, Dubai Land Department data shows. The deals include 451 sales transactions worth AED1.48 billion, in addition to 110 mortgage deals of AED245.8 million, and 13 gift deals amounting to AED46.2 million. The sales...

DUBAI, UAE- IFZA Dubai signed an agreement with Zoho to provide the members of the IFZA Free Zone community with leading-edge digital tools that will help increase efficiency and ensure compliance. It is a part of IFZA’s commitment to support its Free Zone community in their compliance to the upcoming...

ABU DHABI, UAE -  Abu Dhabi Future Energy Company (Masdar) has announced that it has nearly doubled its clean energy capacity and CO2 displacement in just two years. Masdar said that it is on track to fulfill its ambition of becoming one of the world’s largest renewable energy companies by...

DUBAI, UAE - Conflict-plagued countries in the Middle East are among the most vulnerable to climate change but are almost entirely excluded from meaningful financing to mitigate its effects, aid groups warned on Thursday. In a joint report focusing on Iraq, Syria and Yemen, the International Committee of the Red Cross...

Abu Dhabi, UAE -- The UAE has said that the second Make it in the Emirates Forum is an open invitation to investors from around the world to launch their businesses in the UAE. “The second Make it in the Emirates Forum will showcase unique opportunities, incentives, and enablers for...

The 10-year sukuk was priced with a 4.875% coupon rate.

The Monaco prince commends the Saudi Green Initiative, Middle East Green Initiative and the upcoming COP in Dubai as "remarkable projects and initiatives of the region".

The move aims to foster compliance and business activity, with special exemptions for Free Zone transactions and small enterprises.

The move aims to foster compliance and business activity, with special exemptions for Free Zone transactions and small enterprises.

Dubai, UAE: PROVEN Robotics, a robotic solutions provider, announced the successful integration of natural language artificial intelligence (AI) technology, ChatGPT, into its humanoid robot, Pepper.  The integration of ChatGPT in Pepper offers several significant benefits including improving Pepper’s natural language understanding, enabling the robot to understand a wide range of...

The three-day conference in Abu Dhabi has brought together officials from around the world to discuss the menace of money laundering and terrorism financing and how to combat it. An official from the UAE's ministry of justice affirmed the need for global partnerships and more direct contact between relevant authorities...

Dubai, UAE-- The UAE has witnessed a 20 percent drop in nitrogen oxide emissions from power generation activities, according to a study undertaken by the Ministry of Climate Change and Environment (MOCCAE), in collaboration with entities involved in power generation. The study focused on measuring the intensity of nitrogen oxide...

Sanjay Shah was arrested in the United Arab Emirates' financial hub in June upon request by Danish authorities who accuse him of helping companies fraudulently claim tax refunds. Shah was accused of running the scheme for three years starting in 2012, in which foreign firms pretended to own shares in...

The Emirates' non-oil sector is projected to grow by 4.8 percent, driven by robust domestic demand, particularly in tourism, real estate, construction, transportation, and manufacturing sectors, the bank's officials said.

Abu Dhabi, UAE -- The UAE has received a terrorist named Khalaf Abd Al Rahman Humaid Al Rumaithi from the Jordanian authorities.  The UAE's Federal Supreme Court in 2013 sentenced him in absentia to 15 years in prison on charges of establishing a secret organization affiliated with the terrorist Muslim...

Manama, Bahrain - Beyon has announced a major investment of more than $250 million in state-of-the-art digital infrastructure in Bahrain which will support the growth of the country’s digital economy.  Batelco, part of the Beyon group, has joined the SEA-ME-WE 6 (Southeast Asia - Middle East - Western Europe) consortium,...

Sharjah, UAE-- Sharjah Chamber of Commerce and Industry (SCCI) has reviewed the UAE efforts to achieve and maintain the food security in the country. In this connection, the newly restructured Foodstuff Trade and Industry Sector Business Group, operating under the umbrella of the Sharjah Chamber of Commerce and Industry (SCCI),...

The GCC is the third largest source of foreign investment in Turkey, with 1,973 Gulf companies currently operating in the country.

DUBAI, UAE -  UAE Ministry of Climate Change and the Environment (MOCCAE) on Tuesday organized the second National Dialogue for Food Security. This comes in line with the ministry's keenness to implement its strategies to enhance national food security in the UAE, understand the key challenges facing the country's poultry...

ABU DHABI, UAE -  The Central Bank of the UAE (CBUAE) imposed administrative sanctions on eight banks operating in the UAE. The administrative sanctions take into account the banks' failures to comply with the CBUAE's instructions not to grant any loans or credit facilities to the beneficiaries of loans granted...

Alcoa is now EGA's largest third-party supplier of alumina.

Wio will offer Khalifa members full digital account onboarding.

"The UAE is well positioned to further strengthen its leadership in combating fraud, with continued investment in technology, training and collaboration. Besides, the National Cybersecurity Strategy contributes to enhancing the integrated system by implementing many initiatives," he adds.

Dubai, UAE – The UAE Ministry of Human Resources and Emiratisation (MoHRE) has called on eligible employees to subscribe to the Unemployment Insurance Scheme, which aims to provide a low-cost job security net that supports the career path of employees in the UAE at no additional cost to employers. The...

Abu Dhabi, UAE-- Iran is keen to boost transportation ties with the UAE and has invited investors from the country to take part in transportation projects in the Islamic Republic. In this connection, Iran Minister of Roads and Urban Development, Mehrdad Bazrpash, met with Sheikh Mansour Bin Zayed Al Nahyan,...

The group's EBITDA also rose by 33 percent YoY.

Dubai, UAE-- The UAE's Ministry of Climate Change and Environment has issued a decree on the use and distribution of hydrofluorocarbons (HFCs) in order to control their circulation and emission into the air. The decree aligns with the UAE's preparations to host the 28th Conference of the Parties to the...

Dubai, UAE -- Dubai real estate market has recorded deals worth AED 2 billion ($544 million) on Monday, Dubai Land Department said. The deals include 638 sales transactions worth AED 1.79 billion, in addition to 116 mortgage deals of AED188.46 million, and 17 gift deals amounting to AED 29.45 million....

The United Arab Emirates has invited Syrian President Bashar al-Assad to attend the UN climate summit in Dubai later this year, Syrian state media said. Assad's first invitation to a global summit since the start of Syria's war in 2011 comes as the Arab world warms to Damascus after a...

ABU DHABI, UAE - First Abu Dhabi Bank (FAB) is hosting a one-day summit that brings together aviation thought leaders and industry stakeholders to explore economic development opportunities as the sector transitions to net-zero. The Aviation Sector Summit, held in collaboration with Boston Consulting Group (BCG), consist of talks, panel...

DUBAI, UAE -  Chairman of the Dubai Supreme Council of Energy Sheikh Ahmed bin Saeed Al Maktoum chaired the 76th meeting of DSCE which was held virtually in the presence of Saeed Mohammed Al Tayer, Vice Chairman of the Council. Saeed Mohammed Al Tayer, also the MD and CEO Dubai...

Leveraging DMCC’s strong regulatory framework and reputation within Indian business circles, the office will provide a one-stop solution for Indian businesses looking to expand through Dubai and help them establish a presence in DMCC.

The oil-rich kingdom has supported private institutions targeting startups to further boost investment in non-oil sectors.

Dubai, UAE-- Oman and Etihad Rail Company, the operator of the UAE-Oman Rail Network, has signed a memorandum of understanding (MoU) with Vale, the Brazilian mining giant, to look at the possibility of using the rail network in the transportation of iron ore. The MoU was signed by Ahmed al...

Oil alone will make up almost 29 percent of the world’s energy needs by 2045, requiring an investment of over $500 billion each year to maintain a steady supply, Al Ghais said.

ABU DHABI, UAE - The Abu Dhabi Chamber of Commerce and Industry (ADCCI) announced its sponsorship of the Emirates Labor Market Award, organized under the patronage of Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court. The award aims to recognize the...

DUBAI, UAE -  The Gem and Jewelry Export Promotion Council (GJEPC) has launched a first-of-its-kind India Jewelry Exposition Center (IJEX) here during a special event to commemorate the first anniversary of the UAE-India Comprehensive Economic Partnership Agreement. Announced during the CEPA Beyond Trade celebration, IJEX will provide a platform for...

Dubai, UAE - Dubai has given a boost to its beach tourism by opening three new beaches for night swimming in Jumeirah 2, Jumeirah 3 and Umm Suqeim 1. The 800-metre-long night-swimming beaches feature lighting systems, which enable residents and tourists to swim around the clock, and electronic screens that...

He continued his predecessor's remarkable legacy until his own passing on May 13, 2022. Under his leadership, the UAE flourished, becoming the second-largest economy in the Arab world and the first Arab and Islamic nation to successfully reach Mars, among numerous other notable achievements across various domains.

Tehran, Iran--Iran's trade with six Arab states has vaulted to $35.11 billion in the fiscal year of 2022-2023, according to the latest data released by the Islamic Republic. According to Iran Customs Administration, the Islamic Republic traded 58.25 million tons of goods (excluding crude oil exports) worth $35.11 billion with...

The emirate's luxury home sales surged to $1.63 billion in Q1 2023, as affluent buyers acquired 88 units exceeding $10 million, signaling a sustained rise in prime property sales amid broader economic rebound.

ABU DHABI, UAE - Emirates Development Bank (EDB) displayed its flexible and customized financing solutions in the Annual Investment Meeting, held at ADNEC here, local media reports said. The two-day event served as a platform for networking and connecting with experts, investors, companies, and SMEs. EDB's CEO, Ahmed Mohamed Al...

ABU DHABI, UAE- Oman and Etihad Rail Company signed an agreement with Vale, one of the world’s largest mining companies, to explore utilizing rail to transport iron ore and its derivatives between Oman and the UAE. It is likely to connect Vale’s industrial complex in Sohar Port and Freezone to...

DUBAI, UAE - The UAE presented its legislative ecosystem - which regulates the local labor market, provides social security and ensures decent social security to workers - the UN’s Human Rights Council (HRC). Several UAE federal, local government entities and civil society organizations were part of the delegation for the...

The profit rose to US$22mn on the back of higher revenue.

The Group's income also saw an increase of 34 percent.

Its profit vaulted to US$150 million in Q1 of 2023

Baroux also commends the UAE as the most promising market for French exports in the region, with over 600 French companies operating in the country, employing nearly 30,000 people. France stands as the UAE's fourth-largest economic partner within the EU, ranking third for imports and sixth for non-oil exports from...

GCC countries are investing in infrastructure and programs to become leading tourist destinations. With strategic locations, excellent connectivity, iconic attractions like the tallest building, and a commitment to eco-friendly tourism, they are poised for success in attracting visitors from around the world.

DUBAI, UAE - Dubai Chambers has hosted a workshop for commercial attachés of EU Diplomatic Missions to provide them with an overview and key highlights of the UAE's Corporate Tax Law. The workshop, organized  in collaboration with Al Tamimi & Company Law Firm, brought together 13 officials representing the commercial...