European Union and UAE agree to launch trade deal negotiations
Emirati President Mohammed bin Zayed Al Nahyan "and I just decided to launch negotiations on an EU-UAE free trade agreement," the European Commission president wrote on X. "This agreement will strengthen our bilateral relations and contribute to the prosperity of the broader region."
All events in UAE serving alcohol need CID clearance from Feb 15
The permit can be applied for by the hotel on behalf of the event organizer or client for a fee of $340 per event and per day.Sudan sends plane with 30 tons of aid to quake-hit Syria
The supplies sent to Damascus, containing "30 tons of food, medical supplies, blankets and other materials", followed a similar delivery of aid to Turkey on Friday, the foreign ministry in Khartoum said.ADNIC 2022 profit is $103mn
The company's underwriting income was $133 million.UAE played key role in stabilizing Egypt: El Sisi
In 2013, Sheikh Mohamed bin Zayed ordered the transfer of ships carrying vital petroleum commodities via Mediterranean to Egypt to help it overcome the crisis, says El Sisi at WGS.Air Arabia 2022 net profit $326m
FY'22 turnover rose to $1.4 billion, up 65 percent YoY.Emirates Steel Arkan 2022 profit $138.44m
Revenue in fourth quarter of 2022 was $630m.DEWA, ENOC sign MoU
Aim is to develop hydrogen-based mobility pilot project.UAE-France-India trilateral cooperation discussed at Paris meet
Paris, UAE--The second technical UAE-France-India trilateral initiative has taken place in Paris during the visit of a UAE delegation from Ministry of Foreign Affairs and International Cooperation (MoFAIC), led by the Assistant Foreign Minister for Economic and Trade Affairs, Saeed Mubarak Al Hajeri.Al Hajeri participated in the meeting alongside the...Empower 2022 net profit $762m
Firm has proposed dividend of S$115 million for 2nd half 2022.ADNOC Drilling profit rises 33%
The revenue climbed to $2.67 billion in 2022.UAE minister stresses importance of data protection at WGS
Dubai, UAE--Ohood Al Roumi, the UAE's Minister of State for Government Development and the Future and Vice Chair of the World Government Summit (WGS), has stressed the importance of data and data protection in shaping future governments and businesses.During a session titled "The Role of Data in Government Development", within...UAE leads as ease in doing business makes prospects bright for small startups, self-employed across GCC
The market for small startups and self-employed entrepreneurs will boom due to lower startup cost amidst policy reforms and more incubators and shared offices, says an expert.CBUAE unveils FIT program to promote digital transactions
Dubai, UAE---The Central Bank of UAE Sunday launched Financial Infrastructure Transformation Program (FIT program) to accelerate the digital transformation in the financial services sector.In a statement, the bank said the FIT is a step towards enabling the CBUAE to be among the top central banks globally. The program aims to...MENA startups raise $103 million in Jan
Startups in the Middle East and North Africa raised $3.94 billion in 2022, a 24 percent increase in investment value compared to 2021, according to Wamda.UN decries aid failure for Syria, warns quake toll could double
A UN convoy with supplies for northwest Syria arrived via Turkey, but the agency's relief chief Martin Griffiths said much more was needed for millions whose homes were destroyed. "We have so far failed the people in northwest Syria. They rightly feel abandoned. Looking for international help that hasn't arrived,"...UAE rescue team saves two, five days after Turkey quake
More than a hundred hours after two earthquakes killed more than 23,000 people, an Emirati rescue team has pulled alive two people from under the rubble in Turkey. One man believed to be in his 50s or 60s and an 11-year-old child were rescued in the Kahramanmaras province, close to...Realty growth in Saudi Arabia, UAE to build on strong private sector and robust spending via govt initiatives
While 2022 saw record levels of demand for commercial office space as a result of ‘Programme HQ’, 2023 looks set to be dominated by the delivery of high quality residential-led mixed use schemes and a continued focus on tourism, leisure and entertainment projects, adds Burch, Partner and Head of Real...DEWA’s R&D Center registers its 7th patent for 3D printing adhesive device
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has announced the registration of a new patent for an adhesive device for 3D printers.The device distributes the adhesive material on the 3D printing plate, ensuring that the printed material sticks securely to the build plate.This is the seventh patent registered...First Abu Dhabi Bank not eyeing offer for Standard Chartered
The company, second time it has quashed reports of an imminent bid, refuted the speculations in the press in a report to Abu Dhabi Securities Exchange.UAE MoIAT, Sharjah FDI Office ink MoU to promote investment
SHARJAH, UAE - The UAE's Ministry of Industry and Advanced Technology (MoIAT) and Sharjah Foreign Direct Investment Office (Invest in Sharjah) signed a Memorandum of Understanding (MoU) at the 6th Sharjah Investment Forum to promote investment opportunities.Held under the theme 'Redefining Economies: Making Significant Strides for a Better Future', the...International Defense Conference 2023 to begin in Abu Dhabi
Abu Dhabi, UAE - The International Defense Conference 2023 will be held on 19th February at the ADNOC Business Centre in Abu Dhabi.A large number of leaders, decision-makers, ministers, senior officials and speakers representing defense industries from all over the world are expected to participate in it, local media reports...UAE and Japan to boost collaboration in skill development
The two sides reaffirmed their keenness to advance bilateral cooperation in the fields of human resources and skill development.Dubai Chamber encourages firms to apply for parent-friendly label
DUBAI, UAE - As many individuals in the UAE face challenges in balancing work and family obligations, parent-friendly workplace policies allow parents to care for their children’s well-being, benefiting individuals, the economy and society as a whole.This was one of the key takeaway messages from a webinar organized by the...Industry experts discuss fintech at Sharjah Investment Forum 2023
SHARJAH, UAE - Financial innovation and technology trends in global financial services sector were in the spotlight during a panel session at the sixth edition of the Sharjah Investment Forum (SIF).Moderated by Goncalo Traquina, Head of Management Consulting in Financial Services, KPMG, panellists Eric Yang, CEO of MaskEX, Mirna Selman,...TECOM reports $0.54bn revenue
The group maintained a healthy debt profile.Aldar posts net profit of $0.84bn
The company's revenue in 2022 rose to $3.04bn.Remote work, hybrid workplace boost telecom demand
Demand for technologies including 5G, AI, ML, IoT, and advanced data analytics will continue to rise in the UAE this year, du CEO Fahad Al Hassawi tells TRENDS.SIRC, Tadweer sign MoU on waste management and recycling
Riyadh, Saudi Arabia--The Saudi Investment Recycling Company (SIRC) has signed a joint memorandum of understanding with the Abu Dhabi Waste Management Company (Tadweer) to explore potential investment opportunities in the waste management and recycling sector in the kingdom.They will explore joint options for adopting technology and ideal recycling solutions, activating...Unicorns benefit as KSA, UAE diversify investments
The two Gulf countries expect new strategy to result in a rapid economic transformation and offer new revenue stream, allowing them to cut down reliance on crude oil income.dans, MBRSC ink MoU for Aerospace Communications, Navigation and Surveillance Infrastructure
dans is the sole air navigation service providerfor four airports, including Dubai Airport, the world's top airport for international travellers.International dental conference kicks off in Dubai
Dubai, UAE-- The three-day long dental conference has got underway in Dubai, bringing together leading experts in dentistry and oral health professionals from around the world.Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Academic Health Corporation and Chancellor of the Mohammed Bin Rashid University of Medicine and Health Sciences,...UAE, Saudi Arabia pledge quake relief to Syria, Turkey
Saudi Arabia on Tuesday ordered the King Salman Humanitarian Aid and Relief Centre "to provide health, shelter, food and logistical assistance" to Syria and Turkey, the official SPA news agency said. It will also launch a public donation campaign for quake victims in both countries, SPA added. The oil-rich Gulf...Investors’ choices shape future of economy in a region
Sharjah is a gateway to the markets of the Gulf region, with a GDP of US$1.6 trillion. It provides a solid business base for investors through six free zones and 33 industrial zones with various specialisations, which are all linked to convenient land, sea and airports, he adds.Loopholes in corporate governance, political interest hinder battle against corruption across Arab world
The UAE and few other countries figure at the top of the Transparency Index in the region, but this doesn't mean that they have an excellent performance globally, says an expert.DEWA updates strategic plan to include achieving net-zero by 2050
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has updated its strategic plan, adding achieving net-zero by 2050 to its vision.This move is as per its commitment of keeping pace with the government plans and strategies that aim to achieve net-zero by 2050 and the UAE’s efforts to promote...UAE Pension Authority to focus on awareness among Emirati employees
ABU DHABI, UAE - The General Pension and Social Security Authority (GPSSA) of UAE has announced its key strategic objectives for 2023.The authority said that it will focus on raising awareness on insurance among Emirati employees, serving the community with utmost promptness and professionalism, while reinforcing the UAE Pension Authority’s...World rushes to offer humanitarian aid to Turkey, Syria
The European Union has mobilized 10 search and rescue teams for Turkey after the stricken country requested EU assistance, EU foreign policy chief Josep Borrell and EU crisis management commissioner Janez Lenarcic said.UAE-Oman military exercise ‘Cooperation-3″ gets underway
Abu Dhabi, UAE--A joint Oman-UAE military exercise codenamed “Cooperation-3” began in Oman on Monday. The 11-day drill, which concludes on February 16, 2023, saw the participation of a force from Muscat Regiment, Infantry Bridge (23) of the Royal Army of Oman (RAO), and its support divisions, as well as aircraft...Increasing pressure from Saudi real estate projects to force Dubai to develop more distinctive offerings
At the moment, the market is solidly Dubai, which is recognised as the world leader in branded residential offerings with all eyes on the city’s upcoming openings. The slower approach of Abu Dhabi will be something to watch as it makes large-scale investments into the luxury sector, he adds.GMG buys out Aswaaq LLC
It will add 22 supermarkets to GMG's retail network in the UAE.UAE to send humanitarian aid worth US$13.6m to Syria
Hours after the earthquake killed at least 1,000 people and caused massive level of destruction in Syria, the UAE has pledged humanitarian assistance worth around $13.6 million to the war-scarred country, according to state media. The quake struck near the Turkish city of Gaziantep on Monday, killing more than 1,651...UAE tops globally in tertiary education
For the 12th year in a row, Switzerland leads the ranks on the Global Innovation Index. South Korea was the most innovative Asian country.Dubai records over $381 million in real estate transactions
Dubai, UAE-- Dubai real estate market recorded transactions worth AED1.4 billion ($381 million) on Monday, data released by Dubai's Land Department (DLD) showed.The deals included 490 sales transactions worth AED1.17 billion, in addition to 86 mortgage deals of AED177.94 million, and 15 gift deals amounting to AED55.81 million.The sales included...Environment Agency – Abu Dhabi issues marine water quality policy
ABU DHABI, UAE - The Environment Agency - Abu Dhabi (EAD) has issued a policy on sustaining marine water quality that reviews the current situation and main challenges related to marine water in the emirate.The policy is part of EAD's efforts to maintain and sustain Abu Dhabi's marine waters and...DEWA cleans beach, plants mangrove as part of 26th National Environment Day
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) participated in a campaign to clean the beach and plant mangroves at the Jebel Ali Marine Sanctuary, organized by the Emirates Marine Environmental Group.The move is in conjunction with the National Environment Day, observed on February 4 each year, and is...Burjeel signs MoU with Leejam
The two will run wellness centres in Saudi Arabia.DP World handled 79mn TEU across its container terminals in 2022
The company’s growth was driven by Asia Pacific, the Americas and Australia region, the Group Chairman and CEO Sultan Ahmed Bin Sulayem.Dubai receives 14.36mn international visitors in 2022
The latest data from the United Nations World Tourism Organisation (UNWTO) shows that global tourist travel in 2022 was 37 percent lower than 2019.Middle East talent hunt pits UAE against Saudi Arabia
The two biggest economies of the region are leaving no stone unturned to hire the most talented professionals in order to run the ever-expanding companies.Preserving natural resources crucial for future generations, reiterates key UAE official
The UAE has a long and established history in the field of sustainability, which began with the initiatives launched by the late Sheikh Zayed bin Sultan Al Nahyan, who provided a vision for the UAE's future in sustainable development, he adds while speaking at the 26th UAE National Environment Day.