NAFIS.. Your Way, a campaign that will highlight the success stories of talented Emiratis in the private sector and the benefits of working in the private sector, was launched in the UAE on Monday. The campaign was launched by Emirati Talent Competitiveness Council (ETCC), which is chaired by Sheikh Mansour...

The Ministry of Foreign Affairs and International Corporation (MoFAIC) and Etihad Credit Insurance (ECI), the UAE's federal export credit company, have signed a Memorandum of Understanding (MoU) to promote global trade and investment.

Buyer-seller meets in the UAE on agricultural and food products with registered geographical indication (GI) tags, a week-long mango festival in Bahrain, and an international buyer-seller meet in Ladakh attended by buyers from Dubai and Oman helped boost India's export of these items by 31 percent in April to June...

The Ministry of Economy (MoE) and the Ministry of Justice (MoJ), in partnership with the UAE Financial Intelligence Unit (FIU), have announced new regulations aimed at certain real estate transactions conducted in the UAE.

Not all banks in the GCC are at the same stage of digital adoption. TRENDS reviews which ones are way ahead of the curve and which are still lagging.

The number of families that are provided inflation allowance under the UAE's Social Welfare Programme for low-income citizens, has reached 47,300, according to the Ministry of Community Development. The inflation allowance is provided for food, water and electricity and fuel. The ministry has approved the disbursement of the fuel subsidy...

The company recorded an EBITDA of US$0.54 billion.

The Secretary-General of the Gulf Cooperation Council (GCC) Naif Falah Mubarak Al-Hajraf condemned aggression of Israeli forces on the Gaza Strip, which resulted in multiple deaths and wounded persons. He called on the international community to act urgently to protect the civilians, especially women and children.

Dubai attracted 7.12 million international overnight visitors between January and June 2022, recording over 183 growth compared to the 2.52 million tourists who visited during the same period in 2021.

Total assets of the 22 national banks rose to US$816.8 billion (AED 3.023 trillion) in the first five months of 2022, up four percent from US$31.9 billion (AED 117.3 billion), according to latest statistics released by the UAE Central Bank (CBUAE).

Another important and influential trend being witnessed by the banking sector in the region is reduced physical networks and shifting some of the staff to more cost-effective locations. All this allows financial institutions to serve their clientele better and provides convenience to the customers by saving their energy and time.

The Ukraine conflict has triggered the biggest immigration of high-net-worth Russians, many of whom are likely to move to the Emirates.

The establishment of over 40 financial free zones in the UAE has encouraged innovation in digital banking. The fintech market in Saudi Arabia, meanwhile, is expected to grow by 55 percent by 2033.

The Dubai-based firm posted net profit of $77,603 in Q2.

The real estate sector in the Gulf region is set to accelerate in the second half of the year as regulations effectively mitigate the market cycle swings, especially during inflation.

Several regions across the UAE are witnessing the implementation of the designs of some of the teams that participated in the first and second Solar Decathlon Middle East (SDME) to construct sustainable research centers and laboratories.

A British Home Office security delegation has met with the officials from the Security Industry Regulatory Agency (SIRA) to discuss boosting of cooperation between the two entities.

The move aims to explore new investment opportunities and areas for cooperation in the best interest of the two countries.

According to a report by the UAE's Ministry of Economy, during the past decade from 2012 to 2021, FDIs in the country increased by 116 percent, amounting to $20.667 billion in 2021 compared to $9.566 billion in 2012.

In Dubai, the real estate and properties transactions valued at $1.4 billion in total during the week ending 05 August 2022. The sum of transactions was 2,247.

UAE will set up the country’s first Industry 4.0 Enablement Centre aimed at promoting, enabling, and supporting the digital transformation and the adoption of Industry 4.0 technologies across the country’s manufacturing sector. UAE’s Ministry of Industry and Advanced Technology (MoIAT) and EDGE, which signed a memorandum of understanding, will explore...

GCC countries will witness a rise in their wealth between 2021 and 2026 after two years of challenging time due to the Covid-19 pandemic, a BCG report points out.

An Ethiopian delegation of 10 members, comprising decision-makers from the public and private sector, visited Dubai Chambers between July 25- 30.

Its profit increased 186 percent in first six months of 2022

The UAE’s citizens' housing segment in 2022 achieved significant regulatory progress and received massive financial allocation for federal, local plans and projects amounting to $6.88 billion.

The heads of UAE and Egypt's anti-money laundering and counter terrorism financing and the UN's representative for drugs and crime in the region discussed about the two countries efforts in cooperating with each other to deal with such crimes.

Most luxurious vacations are purchased through crypto, same goes for luxury real estate and many more retail services, says Atul Hegde, NFT & digital marketing expert.

UAE’s publishing sector has grown by 150 percent during the current decade and it will reach $650 million in 2030, according to a report by Pricewaterhouse Cooper, which estimates that global media and entertainment services sector will reach $2.4 trillion next year. The report said the UAE accounts for 25...

Dubai is already home to more than 1,000 companies in the metaverse and blockchain sector.

The Ministry of Climate Change and Environment (MoCCAE) and Emirates Development Bank (EDB) have joined hands to set up a scheme to offer finance solutions to modern agricultural SMEs and start-ups.

Market experts predict a hard summer for the GCC retail industry as rising costs keep shoppers away from malls and stores amid soaring inflation and high cost of fuel.

Two weeks after US President Joe Biden made the visit to the Middle East, Saudi Arabia and the UAE will receive billions of dollars worth missile defense systems from the US to shoot down incoming enemy missiles or aircraft. The kingdom has been attacked by missiles fired by Houthi rebels...

The Central Bank of the UAE (CBUAE) has issued new guidance on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) for its Licensed Financial Institutions (LFIs) on the risks related to Politically Exposed Persons (PEPs) or those who hold a prominent public position or function.. The guidance will help...

UAE Ministry of Climate Change and Environment and Emirates Development Bank sign a Memorandum of Understanding to finance agricultural SMEs to contribute to the country's sustainable economic development and food security.

The 7th edition of Liwa Ajman Dates and Honey Festival begins Friday at the Emirates Hospitality Centre in Ajman. Showcasing the finest dates produced in the UAE, the festival displays the best types of dates. Organized by Ajman Department of Tourism Development, the festival targets more than 400 participants. It...

The UAE continues to maintain its regional and international leadership as a distinguished travel destination and a preferred country for living and working.

During the meeting, the minister emphasized the UAE's commitment to solidifying its economic and trade partnership with Mongolia to support both countries' developmental agendas as well as their sustainable economic growth.

Krush Brands, a food technology and multi-kitchen food service company, became the first business to join the UAE’s NextGen FDI initiative, the country’s Ministry of Economy announced on Tuesday. The announcement comes three weeks after the launch of the global initiative in collaboration with seven strategic partners and representatives of...

The agreement was broken off due to a market downturn.

The United Arab Emirates has formed a committee that aims to supervise and guide the development of the digital ecosystem in the country. The committee will also enhance readiness, competitiveness, flexibility and digital alignment between projects and digital systems in federal government agencies, an official statement said. The formation of...

UAE’s central bank said Monday that gross banks’ assets, including bankers’ acceptances, rose to AED3.44 trillion ($936 billion) at the end of May 2022, an increase of 2.9 percent over AED3.34 trillion at the end of April 2022. In its report on the Monetary & Banking Developments for May 2022,...

Brokerage companies in Dubai Financial Market added 20,552 new investor accounts in the first seven months of 2022. The market witnessed significant momentum since the announcement of the listing of 10 governmental and semi-governmental companies.

Saudi Arabia's year-on-year economic growth in the second quarter was 11.8 percent compared to the same period last year, according to initial "flash" estimates published by the General Authority for Statistics. The Middle East's largest economy has benefited from a spike in oil prices and has resisted appeals from Western...

Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region and Chairman of the Emirates Falconers’ Club (EFC), has issued directives for the development of the strategy of the Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX).

Saudi Arabia and the UAE have supplied around 80 percent of Japan's oil demand for the month of June, followed by Qatar and Kuwait with 14 percent each, taking Arab share to 94.7 percent.

Dubai Electricity and Water Authority (DEWA)’s Marafeq Smart Feature has contributed to accelerating issuing of No Objection Certificates (NOCs) for infrastructure and information services.

Credit facilities provided by national banks to the business and industrial sector rose 1.92 percent to US$3.5 billion (AED13.1 billion) in the first four months of 2022.

Dubai’s real estate market recorded 8,897 sales transactions worth US$6.2 billion approx (AED22.75 billion), the highest volume of sales transactions for June in the past nine years, according to Mo’asher, Dubai’s official sales price and rental performance index.

Alpha Dhabi Holding has announced its financial results for the half-year ended June 30. The company reported net profit of US$2.2 billion (approx), up significantly from the corresponding period last year of US$ 453 million.

UAE and Kenya announced their intention to begin talks for a Comprehensive Economic Partnership Agreement (CEPA) between the two countries in Nairobi.