INSEAD Day 4 - 728x90

UAE

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings
  • UAE to receive help from France to secure its airspace

    France said Friday it will help its ally the United Arab Emirates secure its airspace following drone and missile attacks by Yemeni rebels.
  • UAE lifts curbs on travel to 12 African countries

    The United Arab Emirates has lifted curbs on travel to twelve African countries for citizens fully vaccinated and who have received a booster dose of the approved COVID-19 vaccines.
  • UAE-trained Giants put brakes on Yemen’s Houthi rebels

    The Giants Brigades was established in 2015 on Yemen's western coast after the Saudi-led coalition's intervention that same year.
  • Oil prices help GCC economies script revival story

    GCC countries appear to be reaping the benefits of their efforts this year, with all indications pointing to the economies making significant progress.
  • UAE-Bahraini Light-1 CubeSat launched into orbit from ISS

    The UAE-Bahraini Light-1 CubeSat was successfully launched into orbit from the International Space Station, in cooperation with the Japan Aerospace Exploration Agency (JAXA). Light-1 CubeSat is a collaborative initiative of the UAE Space Agency, Bahrain’s National Space Science Agency, Khalifa University of Science and Technology, and New York University (NYU)...
  • UAE, Japan bilateral trade hit $30.5 bn in 2021

    More than 340 Japanese companies have their bases in the UAE working in various sectors including infrastructure, industry, and energy, a UAE official said.
  • UAE reports new drone attack as US to send warship, jet

    The United Arab Emirates on Wednesday said it prevented another drone attack over its territory, after Washington said it will send a warship and fighter jets to help defend its Gulf ally as conflict with Yemeni rebels intensifies. The UAE, a major financial hub and part of the Saudi-led coalition...
  • Will corporate tax hit UAE businesses, consumers?

    The new tax -- to be implemented in the UAE from 1 June 2023 -- comes at a time when speculations are rife that other Gulf countries might also impose taxes on economic sectors.
  • US to send warship, fighter jets to UAE after Houthi attacks

    The deployment, to "assist the UAE against the current threat", follows a phone call between Defense Secretary Lloyd Austin and Abu Dhabi Crown Prince Mohammed bin Zayed Al-Nahyan. The UAE suffered its third missile attack in consecutive weeks on Monday.
  • CBUAE to start new terms for credit and liquidity facilities

    The Central Bank of the UAE will introduce a new set of terms and conditions for its standing credit and liquidity insurance facilities.
  • UAE inflation rate of 2.5 percent displays economic stability: FCSC

    UAE's Consumer Price Index (CPI) at the end of 2021 reached 108.62, compared to 105.97 in December 2020, which puts the inflation rate at 2.5 percent year-on-year and at 0.02 percent in December 2021 compared to November. A report from the Federal Competitiveness and Statistics Centre said the rate of...
  • Houthi ballistic missile attack on UAE came amid Israeli president’s visit

    The latest rebel missile was fired as Isaac Herzog makes the first visit to the UAE by an Israeli president.
  • Sanad picks new CEO

    Sanad, a subsidiary of Mubadala Investment Company, has appointed Mansoor Janahi as the new Group CEO.
  • UAE and UK look to upgrade economic ties

    The United Arab Emirates and the UK have agreed to develop trade and economic relations between the two countries.
  • US condemns missile attack on the UAE

    The United States has condemned the Houthi missile attack on the UAE. On Monday morning, the UAE air defense forces had intercepted and destroyed a ballistic missile launched by Houthis.
  • Abu Dhabi Chamber and Mauritius EDB sign trade agreement

    The Abu Dhabi Chamber of Commerce and Industry has signed a cooperation agreement with the Economic Development Board of Mauritius (EDB) to further deepen the economic and trade relations between the two countries. The agreement will establish a framework for developing stronger business relations between the parties and cooperation procedures...
  • UAE to levy 9% tax on business profits from next year

    The UAE’s Ministry of Finance will start levying a 9 percent tax on business profits from June 1, 2023 thereby putting an end to tax-free culture that enabled the country to lure businesses from around the world. The UAE has been looking to reduce its dependence on revenue earned from...
  • UAE intercepts, destroys ballistic missile launched by Houthis

    The UAE Ministry of Defence gas confirmed there were no casualties resulting from the attack and the fragments of the ballistic missile fell outside of populated areas. It added that the UAE air defense forces and the Coalition Command had destroyed the apparatus in Yemen used to launch the missile.
  • Transformation will propel MENA economy: IMF

    Major economies in the MENA region have already got the ball rolling when it comes to diversifying their economies.
  • UAE and Australia discuss ways to strengthen bilateral relations

    The deliberations were held during a meeting between Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met with David Hurley, the Governor-General of Australia, at Expo 2020 Dubai. They also discussed several issues of mutual interest and the latest developments regionally and globally. The two...
  • UAE, Israel discuss ways to boost cooperation under Abraham Accords

    Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President of Israel, Isaac Herzog, on Sunday deliberated aspects of cooperation under the Abraham Accords Peace Agreement, signed by the two nations in 2020, in addition to a number...
  • UAE, Ethiopia discuss relations, latest regional developments

    The discussions are said to have taken place at Qasr Al Watan, the presidential palace.
  • Fun sector: Leisure puts UAE economy at ease

    Estimations by the Middle East and North Africa Attraction and Leisure Council (MENALAC) put the number of leisure centers in the UAE alone at around 400, employing more than 15,000 people. The industry, which was hit by the COVID-19 pandemic, is reviving as the Gulf country opens amidst high vaccination...
  • UAE-trained militia vows to repel Houthi attacks in Yemen

    A UAE-trained militia said Saturday some of its fighters remained on the front lines in key Yemeni conflict zones as part of defensive measures after driving out the Houthi rebels.
  • Applebees, IHOP in UAE soon

    The first location is scheduled to open in Dubai later this year.
  • Saudis near Yemen border learn to live with Houthi fire

    Houthi fire from Yemen this month on the UAE, traditionally a haven of security in a turbulent Middle East, stirred alarm at home and abroad, but for many Saudis it's nothing new. In the Jizan region of southwestern Saudi Arabia, the local population has had to live for years with...
  • Etisalat Group buys out elGrocer DMCC

    Emirates Telecommunications Group Company PJSC (Etisalat Group)  has completed the acquisition of elGrocer DMCC, the company said it a statement.
  • Italy, UAE discuss the digital revolution in healthcare sector

    With a medical devices industry turnover of Euro 17 billion, 4,400 companies and nearly 94,000 professionals, Italy is at the forefront of telemedicine.
  • UAE launches ‘NAFIS’ to foster positive competition among its youth

    The UAE has introduced a "NAFIS" program to foster positive competition among UAE nationals, and enable them to take job opportunities in the private sector. The Emirati Talent Competitiveness Council (ETCC), in cooperation with the Federal Youth Authority, organized an event in the Youth Pavilion at Expo 2020 Dubai to...
  • UAE industrial exports in 2021 $33bn amid surge in new production

    The significant increase in the UAE’s industrial exports coincided with 220 new facilities commencing production in 2021, said Minister of Industry and Advanced Technology Dr Sultan bin Ahmed Al Jaber. These facilities benefit from the UAE’s strategy aimed at raising industrial sector’s contribution to the GDP from AED133 billion to...
  • ADNOC is UAE’s most valuable brand for 4th year

    ADNOC maintained in 2022 its position as the UAE's most valuable brand for the fourth consecutive year, according to a new report from Brand Finance, the world's leading independent brand valuation consultancy. Brand Finance also ranked Dr. Sultan bin Ahmed Al Jaber, Managing Director and Group CEO of ADNOC, number...
  • Paramount picks new group CEO

    Steve Griessel, the new CEO of the Paramount Group will be providing strategic, financial and operational leadership to the company and will work with the Board of Directors, shareholders and senior leadership team.
  • Tourism helps UAE add $158bn to GDP in six years

    Around 31 million visitors are expected to enter the UAE yearly by 2025 as the country has initiated several measures to revitalize the tourism sector, particularly eco-tourism.
  • Houthi rebels lose a key district days after UAE attack

    Yemen's Houthi rebels were driven out of a key district by the United Arab Emirates-trained Giants Brigade, the militia said Tuesday, a day after the insurgents' latest missile attack on Abu Dhabi.
  • How GCC countries can become digital leaders

    The region must urgently strengthen innovation and localization. These two make significant contribution to GDP and jobs, either directly through revenue and direct employment, or indirectly by nurturing a startup ecosystem. Governments should begin this process by identifying and prioritizing sectors that fit with the country’s resources, strengths, and strategic...
  • Which are the top equity markets in the Middle East?

    Here is a comparison between the top equity markets in the Middle East, and how they stack up against a couple of their global counterparts.
  • UAE, Malta trade bodies join hands for industrial cooperation

    FUCCI Chairman Abdullah Mohamed Al Mazrouei signed the MoU with Marisa Xuereb, President of the Malta Chamber.
  • UAE leads GCC in ICT investments, spending

    The Gulf region stays strong both regionally and globally in terms of the number of internet users and the populations with maximum number of cell phones.
  • FTA appeals to tax registrants to benefit from extension

    The Federal Tax Authority (FTA) has called on tax registrants to benefit from the Cabinet Decision to extend the grace period to benefit from the re-determination of administrative penalties on violating tax laws.
  • Israel okays UAE joint fund for high-tech investment

    The Israel government has approved the plan for a joint fund with the UAE for investment in high-tech firms and ideas.
  • Houthi militia launch missile attacks on UAE and Saudi Arabia

    The UAE air defense forces have intercepted and destroyed two ballistic missiles targeting the country, the Ministry of Defense announced on Monday. On the other hand, Houthi ballistic missiles fell on some car workshops in the Ahad Al-Masarihah governorate in the Jazan region of Saudi Arabia.
  • UAE bans use of drones, light sports aircraft after Houthi attack

    The UAE has banned the use of drones and light sports aircraft from Saturday, days after Yemen’s Houthis carried out a deadly attack in the Emirates. “The Ministry of Interior is currently stopping all flying operations for owners, practitioners and enthusiasts of drones, including drones and light sports aircraft," a...
  • Savii seeks to empower GCC teens financially

    The new UAE-based start-up is trying to instil the virtues of economy among teenagers in the region
  • Arab countries see surge in crypto investors

    In 2021, Triple-A estimated global crypto ownership rates at an average of 3.9 percent, with over 300 million cryptocurrency-owners and users worldwide. Over 18,000 businesses are already accepting cryptocurrency payments.
  • UAE and Singapore explore ways to boost trade

    The UAE and Singapore will explore ways to enhance bilateral relations in light of the agreement signed between the two nations in 2019 that called for cooperation in investment and trade.
  • Deliveroo’s new UAE service

    Deliveroo Plus allows customers to receive unlimited free delivery.
  • UAE Space Agency plans Space Economic Zone at Masdar City

    The aim of the venture is said to be to create an integrated business ecosystem to propel startups and SMEs.
  • Online learning booms in GCC during pandemic

    "While online learning is a supplement to a broader educational experience, course enrollment statistics strongly imply that it is a vital aspect of professional growth for many, particularly busy professionals," Anthony Tattersall, VP of EMEA at Coursera, tells TRENDS.
  • Emirates to resume US flights after ‘temporary’ 5G reprieve

    Emirates said Thursday it will lift a suspension of flights to several US destinations in a "temporary reprieve" after the launch of 5G networks was delayed near American airports over safety fears. Flights to six destinations will resume Friday, and on Saturday services to Boston, Houston and San Francisco will...
  • Salem AlMarri promoted as Director of Mohammed Bin Rashid Space Centre

    Salem Humaid AlMarri, Deputy Director General of Mohammed Bin Rashid Space Centre (MBRSC), has been promoted as the Director General of the Centre. The decision was issued by Dubai Crown Prince and President of the Mohammed Bin Rashid Space Centre, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum. With over...