UAE Central Bank to do away with Covid stimulus measures
The Central Bank of the United Arab Emirates has decided to gradually do away with all the stimulus measures introduced in the wake of the outbreak of the Covid infection in the country.EDB, Emirates NBD sign MoU to guarantee credit for SMEs
The program will focus on sectors such as manufacturing, healthcare, infrastructure, food security, and technology.UAE, China discuss strategic ties, common concerns
The two countries also reviewed bilateral partnership and cooperation in confronting the Covid-19 pandemic.UAE, India talk on Economic Partnership Agreement
It is the second deal that Dr. Al Zeyoudi is pursuing this month, following negotiations with Indonesia, as the UAE accelerates its global trade agenda. India is now the UAE’s second-largest trading partnerGCC: Public-private partnership to boost healthcare
From 2018 to 2022, the private-sector healthcare spending is forecast to increase at a cumulative annual growth rate (CAGR) of 9.5 percentDubai approves $17.7 billion over 20 years for citizens’ housing
The outlay is for the next 20 years, Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum said.UAE relaxes mask mandate, but with riders
UAE residents may not wear a face mask in certain places while keeping a safe physical distance of two meters.Adnoc Drilling IPO increased
Adnoc Drilling will list on the ADX on or around October 3.Mrs Bectors subsidiary comes up in UAE
The new company, Mrs Bectors Food International, was incorporated on September 14.What to Expect at Expo 2020 Dubai?
Expo 2020 Dubai is the first world expo in the Middle East, Africa, and South Asia region.UAE to become major player in emerging blue hydrogen market: ADNOC CEO
The United Arab Emirates will become a major player in emerging blue hydrogen market, according to the CEO of the Emirates’ largest oil company.Investment in agritech key to UAE’s food security
Investing in agricultural technologies can take the UAE closer to its goal of being one of the top 10 countries for food security soonExpo 2020 launches official song ‘This Is Our Time’
The song, called This Is Our Time, is four minutes and 18 seconds long, is available on several platforms for streaming, and is said to convey the story of Expo 2020’s theme of Connecting Minds, Creating the Future.Amazon to hire 1,500 people in UAE as it expands business
Amazon, the US e-commerce giant, has announced that it would add 1,500 jobs in the United Arab Emirates to cope with the potential hike in demand as it seeks to expand its presence in the country.UAE has advantage in leading global hydrogen market: Report
DUBAI: The UAE has the foundations and competitive advantages to become one of the largest producers of low-carbon hydrogen in the world, a report said. The report, ‘The United Arab Emirates’ Role in the Global Hydrogen Economy’, details the importance of hydrogen as a potential fuel of the future and...UAE outperforms ten global tourism destinations in H1
The emirates achieves hotel occupancy rate of 62 percent, ahead of the US, UK and TurkeyMost of $3.8bn remittances to the Philippines in July came from Middle East
Filipinos living overseas have sent back some $3.8 billion in July with most of the remittances coming from the Middle East.Gargash Group buys out Deem Finance for unknown sum
Gargash Goup, the UAE-based conglomerate, has bought out Deem Finance, the financial services provider, for an undisclosed sum. The conglomerate has businesses in automotive, real estate and non-banking financial services sectors.AD Ports to set up state-of-the-art cruise terminal in Jordan
AD Ports Group will set up a state-of-the-art cruise terminal at Marsa Zayed in Aqaba, Jordan, after the signing of a Heads of Terms agreement with the Aqaba Development Corporation.Money laundering rose during Covid-19 pandemic, says UAE Central Bank
The Central Bank of the United Arab Emirates has disclosed that there has been an increase in the laundering of money through unlicensed money service providers during the Covid pandemic.Assets of UAE banks rise despite pandemic
The UAE banking sector has posted a moderate yearly growth of 0.6 percent with total assets reaching US$873.6 billion, or AED3.2 trn, by the end of second quarter of 2021.UAE reelected as vice president of Belt and Road Tax Forum
The United Arab Emirates (UAE) has been elected as vice president of the Belt and Road Initiative Tax Administration Cooperation Forum (BRITACOF) for the second time in a row.Adnoc eyes 2GW hydrogen growth
Adnoc has inked deals with British Petroleum and Masdar for this.UAE paradigm shift: Equal pay for both genders
On September 18, the UAE joins countries worldwide in celebrating International Equal Pay Day. It was approved by the United Nations (UN), as an annual occasion to intensify efforts to empower women and girls and remove all obstacles to achieving equality between them and men in the labour market.UAE, UK partner to counter illicit financial flows
The partnership offers a platform to build a stronger and more enduring strategic partnership, advancing the priorities laid out in the UK’s Integrated Review and the UAE’s National Anti-Money Laundering and Counter Terrorist Financing Strategy. An annual meeting between the Home Secretary and the UAE Minister of State will ensure...Cloud adoption picks up pace in GCC region
The strong demand for cloud computing in the Gulf region is driven by efforts of the member states to diversify economies, a young digital society and increasing digitization by firms.UAE to establish business council with Estonia
The council will aim to enhance bilateral economic and trade relations between the two countries.UAE to invest billions of pounds in UK
The UAE has vowed to invest £10 billion ($13.8bn) in the UK over five years as Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed met British Prime Minister Boris JohnsonProof of Covid-19 vaccination, PCR test needed to enter Expo Dubai
Expo 2020 visitors will need a coronavirus vaccination or a negative PCR test to enter, organisers in Dubai has said. The six-month world fair, featuring exhibitions by 192 countries, is expected to attract more than 20 million international visitors when it opens on October 1 after a year's Covid delay.UAE’s Elkaso raises $2.1m in pre-seed round
Elkaso, the United Arab Emirates-based company, has raised $2.1 million in a pre-seed round, with Global Founders Capital leading the funding round.UAE’s non-oil trade weathers pandemic to reach $371 billion in 2020
DUBAI: The UAE's non-oil trade rose to AED 1.403 trillion ($371 billion), reflecting the country's robust trade exchanges despite the negative impact of the Covid-19 pandemic The Federal Center for Competitiveness and Statistics (FCSA) data said the UAE commanded a coveted position globally and regionally in merchandise trade, with its...UAE, Israel eye trillion-dollar business
The UAE marks one year since normalising ties with Israel today as the leaders hope the Abraham Accords could reap a trillion dollars in economic exchanges.Abu Dhabi crown prince, Macron discuss bilateral ties
The two leaders discussed bilateral relations, investment opportunities, economy and culture, as well as other vital sectors, to drive sustainable development in both countries.Blinken meeting Israel, Arab states on Abraham Accords anniversary
The virtual meeting of the US Secretary of State with his counterparts from Israel, the United Arab Emirates, Bahrain and Morocco marks a full embrace of what former United States president Donald Trump considered one of his top foreign policy legacies. Trump broke long taboos in Middle East diplomacy to...Oil demand to top pre-pandemic level next year: OPEC
The optimistic forecast comes as the OPEC cartel nations and their allies are beginning to raise output to meet recovering demand.Fintech and fighter jets: UAE-Israel ties bear fruit
On September 15, 2020, the UAE became the first Gulf nation to establish formal relations with the Jewish stateUAE to tighten the screws on money laundering
Taking a strong stance against money laundering, the Central Bank of the UAE (CBUAE) has issued a new guidance on transaction monitoring and sanctions screening for its licensed financial institutions (LFIs) that aims to promote anti-money laundering.UAE to spend $6.53bn to create 75,000 jobs
The United Arab Emirates (UAE) intends to spend some $6.53 billion over the next five years in order to create jobs for 75,000 Emiratis in the private sector.Shuaa Capital CEO now owns 30 percent of the firm
The CEO of the UAE-based Shuaa Capital has bought 57, 966, 523 shares in the financial firm, taking his personal stake close to 30 percent in the company.Knight Frank strengthens UAE team
The company hires two members for Industrial and Logistics.Assets under GCC SWFs grow 10% to US$2.77trn
The SWFs of Abu Dhabi, Kuwait and Qatar have underpinned the resilience of their sovereign ratings despite lower oil prices and COVID-19 shock.UAE operating aid air bridge to Kabul: airport manager
The UAE have been key staging posts for evacuation flights for foreigners and AfghansSaudi, UAE lead MENA region in 5G deployment
The MENA region will have 80 million 5G subscriptions, representing about 10% of total mobile subscriptions by 2025, according to the latest Ericsson Mobility research.UAE firm retained as IPL healthcare partner
The Board of Control for Cricket in India has renewed retained VPS Healthcare as its healthcare partner for the Indian Premier League.Dubai unveils Expo 2020 ‘passport’ for visitors
Visitors to Dubai’s Expo 2020 will be required to buy a 50-page booklet, passport, that would keep tabs of an individual’s visits and hold a unique number as well as passport-size photo and personal details.UAE, Qatar least hit by graft in MENA region: Survey
Across the MENA region, years of corruption has left countries woefully unprepared to face the COVID-19 pandemicUAE-led consortium gets $250m for gas plant in deal with DFC
The consortium, called Pearl Petroleum Company Limited, is led by Dana Gas and Crescent Petroleum, both of which are from the UAE. The development will help in meeting the rising demand for clean natural gas for electricity generation and industry in the KRI.Belt and Road Initiative in GCC: A deep dive
The relations between the Arab world and China have touched new highs particularly after China launched the Belt & Road Initiative project in September 2013.Demand for food in GCC to shoot up by 2025
Demand for food in the Gulf Cooperation Council (GCC) will reach 52.4 million metric tons (MT) by 2025, up from 46.8 million in 2020.ADQ to list Abu Dhabi Ports on ADX
ADQ, one of the largest holding companies, has announced its plan to list Abu Dhabi Ports Company on the Abu Dhabi Securities Exchange (ADX).




















































