UAE-Turkey real-estate conclave to tap into new opportunities
Called the UAE-Türkiye Real Estate Development Construction Roundtable, it will be held on Wednesday, March 30.Riyadh, Dubai lead IPO surge in GCC
For the second time since the global financial crisis, the Middle East has surpassed Europe in terms of IPOs as regional investors seek liquidity from increased oil prices.Aramco lifts TASI as UAE stocks see weekly gain
The Abu Dhabi Stock Exchange achieved weekly gains of 1.7 percent, while that for the Dubai stock exchange was 1.9 percent.Jordon King hosts UAE, Egypt, Iraq leaders
Analysts have said that "most" of the parties to Friday's meeting in Jordan are "historic allies and friends of Washington but are linked to Moscow."Barq EV launches smart mobility
The startup is scheduled to provide its customers with an integrated package of products and services that contribute to enhancing the last-mile delivery experience.UAE expats seek extra citizenship cushion
More than ever before, wealthy expatriates in the UAE as well as the world are pursuing citizenship options elsewhere.UAE and Dutch export credit firms to bolster cooperation, facilitate halal trade
Etihad Credit Insurance (ECI), the UAE Federal export credit company, signed a Memorandum of Understanding (MoU) with its Dutch counterpart Atradius Dutch State Business (Atradius DSB) to boost the bilateral trade and economic relations between the UAE and the Netherlands. The bilateral meeting took place at ECI’s branch office in...Israel to host summit with UAE, US, Bahrain, Morocco
Israel said it will host a "historic summit" from Sunday of top diplomats from the United States and three Arab states with which it has normalized ties. A series of diplomatic meetings would be attended by US Secretary of State Antony Blinken and his counterparts from the UAE, Bahrain and...Multiply Group to invest AED367m in DEWA IPO
Multiply Group has said that it will be investing AED367 million into the Dubai Electricity and Water Authority's (DEWA's) initial public offering as a cornerstone investor.ADNOC to pay $342m in dividend
A similar amount was paid for the first half of 2021 in October.UAE continues relief air bridge to Ethiopia with 30 tons of food supplies
This is expected to benefit over 7,100 people in the region, including 5,700 women and children.UAE-India CEPA to become operational in one month: Emirati officials
The UAE-India CEPA will simplify customs procedures, reduce logistics cost and open new opportunities for professional services.Blinken to travel to Israel, West Bank, Morocco, Algeria
US Secretary of State Antony Blinken will travel to Israel, the West Bank, Morocco, and Algeria over March 26-30 to discuss the Ukraine war, Israeli-Palestinian relations, the Iran nuclear deal, and gas from Algeria, among other things, the US State Department has announced.Why GCC should heed Fed rate changes
Four Gulf Arab central banks followed in the footsteps of the US Federal Reserve and raised interest rates by a quarter percentage point for the first time since 2018.Wadi Wurayah National Park nominated as UNESCO Heritage Site
The UAE’s first mountain nature reserve, Fujairah’s Wadi Wurayah National Park, WWNP, has been put on the UAE’s tentative list of nominations for UNESCO World Heritage Site status. The nomination has been submitted to UNESCO’S World Heritage Centre for assessment on the basis of the Outstanding Universal Value, OUV, of...UAE and ASEAN review cooperation, discuss regional and international issues
Anwar Gargash, Diplomatic Adviser to the UAE President, discussed cooperation relations with the ambassadors of the member states of the Association of Southeast Asian Nations (ASEAN) accredited to the UAE. The meeting also reviewed the friendship between the UAE and ASEAN countries and ways to develop them across various fields...Al Abjan to raise production
The firm plans to produce 30m hatching eggs by 2023 from 11m in 2021.UAE, Turkey chambers of commerce review advancing cooperation
During the meeting, prospects for collaboration between private sector institutions in the countries and ways to enhance them were reviewed.Friendly policies woo major crypto firms to Dubai
The emirate's Virtual Asset Regulatory Authority governs cryptocurrency trade through a comprehensive set of legislations and globally applicable policy frameworks.Iran FM welcomes Arab-Syria normalization efforts
Iran's top diplomat on Wednesday welcomed efforts to "normalize relations" between some Arab countries and Syria, days after President Bashar al-Assad made a surprise visit to the UAE. Foreign Minister Hossein Amir-Abdollahian made the remarks on a visit to Damascus during which he met Assad.ADQ and Turkey Wealth Fund set up a venture capital fund
ADQ of Abu Dhabi has partnered with Turkey Wealth Fund to launch Turkey Technology Fund that will invest in venture capital funds and high-growth potential companies in Turkey.UAE accounts for 77% of GCC investments in Latin America over 2016-2021
Saudi Arabia accounted for 22 percent of GCC investments to Latin America during 2016-2021, followed by Qatar with 1 percent.Sustainability key challenge for UAE realty players
It is hard to balance sustainable developments and what people want in the market, especially when it comes to pricing, Zazen One CEO Madhav Dar tells TRENDS.Egypt hosts UAE and Israel leaders for three-way talks
Egypt hosted the Israeli and UAE leaders for unprecedented three-way talks Tuesday as the Ukraine war rocks energy and food markets and major powers inch toward a revived Iran nuclear deal. The summit was held between Egypt's President al-Sisi, Israeli PM Naftali Bennett and Abu Dhabi Crown Prince Mohammed bin...Sharjah approves $17.18m to settle citizens’ debts
The Sharjah Debt Settlement Committee (SDSC) approved an amount of AED63.11 million ($17.18m), to settle 120 cases of citizens' debts.UAE looks to accelerate trade cooperation with Turkey
The FCCI is keen to enhance cooperation with MÜSİAD and utilize the momentum provided by Expo to intensify relations between the two sides.UAE sanctions crowdfunding for public and private sectors
The Cabinet approved the UAE System for Crowdfunding Platform Operators, stressing that the Securities and Commodities Authority (SCA) will be responsible for the regulation governing the activities of crowdfunding platform operators.Stellantis MENA shipments up
Expansion into 10 new countries MENA countries strong driver for growth.GCC members lead Arab nations in happiness report
Four of the six GCC members feature within the top 50 of the World Happiness Report, and are atop the rankings among the Arab countries.New UAE app predicts which cheque will bounce
ChequeScore is an app released by the UAE government-owned Al Etihad Credit Bureau, and can predict the possibility of a cheque bouncing.Japan presses UAE to pump more oil as Ukraine war spikes prices
The plea by Japan's Foreign Minister Yoshimasa Hayashi came during meetings with Emirati officials which coincided with a visit by Germany's economy minister.UAE paves way for the return of Bashar al-Assad to Arab fold
A surprise visit by Syria's Bashar al-Assad to the oil-rich United Arab Emirates opens the door to his isolated regime's return to the embrace of the Arab world, analysts say. The president's trip also showed that a more assertive UAE is willing to upset its ally Washington with a rapprochement...US says ‘troubled’ by Assad visit to ally UAE
Assad's surprise trip on Friday was his first official visit to an Arab country since civil war erupted in his country in 2011.After a week of losses, GCC indices post gains
After a week of losses, the Saudi index posted 0.9 percent increase even as the uncertainty spurred by the Ukraine conflict continued to weigh on the capital markets across the globe.Security eyed as more Arab nations adopt epassports
Arab countries that offer electronic passports include Saudi Arabia, UAE, Qatar, Oman, Lebanon, Algeria, Kuwait, Morocco, Comoros, Djibouti, Mauritania, Somalia and Sudan. Countries in the region that don't have a microchip in their passports include Bahrain, Egypt, Iraq, Jordan, Libya, the Palestinian territories, Syria, Tunisia and Yemen.Julphar revenue up 100 percent
The growth attributed to increased market share in key operating regions.UAE calls on international community to pressure Houthis to stop transgressions
UAE lauded the UN Security Council's decision to list the Houthi militias as a terrorist organisation.GCC retail electronics set for boost as buyers return
The retail electronics sector has proliferated in GCC countries, with demand rising not only due to the urge to own the latest technologies but also because more and more people are working and learning from home, he adds. Dubai Chamber, meanwhile, has claimed ecommerce businesses might generate up to $8...UAE cargo ship sinks off Iran, all but one crew rescued
An Emirati cargo ship sank in Gulf waters off Iran, triggering a search and rescue operation in heavy seas Thursday which recovered all but one of its 30 crew, Iranian media reported. "All but one of the 30 crew members have been rescued," the crisis management director for Bushehr province...CBUAE raises base rate by 25 basis points on Fed cue
The new rates are said to be effective from Thursday, March 17.Israel to start direct flights to Egypt’s Sharm el-Sheikh in April
Israel is to launch direct flights to Sharm el-Sheikh on Egypt's Red Sea coast next month, in an expansion of air links between the two countries, officials said Wednesday. "The route from Ben Gurion International Airport to Sharm el-Sheikh will open soon. Flights are expected to begin during the intermediate...Etisalat to up stake in Mobily
This comes as Etisalat aims to expand its footprint in Saudi Arabia.British PM meets Saudi Crown Prince to plead for oil
British Prime Minister Boris Johnson met with oil-rich Saudi Arabia's Crown Prince Mohammed bin Salman to lobby for higher production after Russia's invasion of Ukraine sent markets into turmoil. Johnson spoke with Prince Mohammed after talks with Abu Dhabi Crown Prince Mohammed bin Zayed in the United Arab Emirates.Skills gap challenge for GCC digitization, says du CEO
GCC companies should work closely with digital and software companies to expedite digital transformation, says Fahad Al Hassawi, CEO of du, in an exclusive interview with TRENDS.UAE disburses $2.17bn in insurance expenditure among beneficiaries
UAE’s estimated insurance expenditure reached more than AED8 billion ($2.17 billion) in 2021 an increase of AED499.4 million in comparison to 2020, according to General Pension and Social Security Authority (GPSSA). The total insurance expenditures disbursed to pensioners, beneficiaries (dependents of pensioners) and insured (contributors) affiliated with GPSSA in 2021...Emirates NBD launches website to support IPOs on DFM
Emirates NBD has taken the lead in supporting upcoming initial public offerings (IPOs) on the Dubai Financial Market (DFM) with the launch of an end-to-end IPO subscription website for individual investors. The initiative is aligned to the recent announcement by Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler...UAE Banks Federation urges businesses to benefit from SME Campaign
UAE Banks Federations (UBF) has called upon the entrepreneurs of existing and under-formation Small & Medium Enterprises (SMEs) to unlock their full potential by benefiting from UBF's Nationwide SME Campaign. The campaign is all accessible through one platform: www.uaebf.ae/SME. UBF Director-General, Jamal Saleh, explained that such initiatives will help UAE...Soft power index: UAE first in Middle East, tenth globally
The UAE advanced to 15th place globally in the overall Global Soft Power Index ranking, up from last year's 17th in 2021. The index interviewed more than 100,000 people from 101 countries worldwide to assess the various axes of soft power and its positive influence.UAE e-commerce hits $5bn in 2021, may surpass $8bn by 2025
E-commerce in the UAE surged to over $5 billion in 2021 and is projected to surpass $8 billion by 2025, according to a data released by EZDubai, a dedicated e-commerce zone in Dubai South, in partnership with Euromonitor International, a global business intelligence, market analysis and consumer insights provider. More...Post-Covid retail outlook bright in GCC
Saudi Arabia and UAE, two biggest economies in the Gulf Cooperation Council region, rely heavily on retail industry.



















































