Lapid's trip comes after the nations moved to normalise ties Israel, UAE have signed a raft of deals ranging from tourism to aviation Israel's top diplomat Yair Lapid opened the Jewish state's first embassy in the Gulf during a trip to the United Arab Emirates on Tuesday after ties were...

Amazon's Climate Pledge aims to achieve net-zero across its businesses by 2040 The projects are expected to come up Saudi Arabia, UAE, and Egypt The Middle East and North Africa region will see a number of sustainable projects being launched by global eCommerce giant Amazon as part of its Climate...

Both targeting Japan, a key oil, gas importer Both also eager to get into green hydrogen, ammonia industry   Saudi Arabia and the UAE are competing to become blue hydrogen and ammonia exporters as their oil output capacity expands, s&pglobal.com reported. Saudi Aramco, the world's No. 1 listed oil and...

ICC cited the effects of the second wave of Covid-19 in India for its decision The tournament will now be held from October 17 to November 14 across three stadiums n the UAE and one in Oman   The International Cricket Council announced on Tuesday, June 29, that the Men’s...

Tamer Group calls acquisition step towards its digital plan aimed at contributing to Saudi Vision 2030 Mumzworld Founders Mona Ataya and Leena Khalil will continue to lead the company   Saudi-based Tamer Group has acquired a majority stake in Mumzworld, the UAE-based mother, baby and child (MBC) e-commerce platform, for...

Yair Lapid is the first ever Israeli minister to officially visit the UAE Since the normalization accord with the UAE was brokered by then US president Donald   Israel's top diplomat Yair Lapid on Tuesday began the first ever official visit by an Israeli minister to the United Arab Emirates,...

Austria will open border for tourists from all across the world, including GCC, from July 1 The move comes as the European country post looks to implement a post-Covid-19 strategy Austria has announced that it will open its border for tourists from all across the world, including those in the...

59 percent claim remote work option is an important aspect in their workplace In the UAE, there is a higher preference for larger companies About 74 percent of UAE professionals say their potential workplace should promote the use of advanced technology while 59 percent claim remote work option is an important...

UAE’s budget balance improved as its economy recovers It will enter 25 new international markets for foreign trade Boosted by an improved budget balance in the first half of the year, as the economy began recovering from the bruising effects of the Covid-19 pandemic, ruler of Dubai Sheikh Mohammed bin...

Increased vaccinations, protective measures, contactless in-store experience key to rebuilding UAE consumers' confidence 73% of consumers admit to have changed their shopping habits to adapt to the 'new normal' About 46 percent of UAE consumers expect the effects of the Covid-19 pandemic to last at least another year, according to...

The UAE is also the largest foreign investor in Egypt, as it contributes to projects with capital exceeding $7bn Egypt’s exports to the UAE were $2.882bn in 2020, compared to $2.51bn in 2019 The volume of trade between Egypt and the United Arab Emirates shot up to $4.11 billion in...

Key challenges faced by the UAE food and beverages sector are limited pricing power, a surge in transport costs, and intense competition within the local supply chain segments The UAE imports 90 percent of its food and beverages sector needs Key challenges faced by the United Arab Emirates (UAE), which...

Offer price range has been set at AED 2.55 to AED 3.05 per share  The IPO will continue till 6 Jul 2021 for individuals and other investors in the UAE UAE's state investor Mubadala's statellite company Yahsat on Sunday announced the initial public offering, setting an indicative price range that...

SMEs identify easier access to funding, digital payments, training and upskilling staff as key drivers of growth Rising cost of doing business worries the majority Confidence of Small and Medium Enterprises (SMEs) in the UAE is on the rise after the disruptions caused by the Covid-19 pandemic, says a Mastercard...

HSBC said its Navigator 2020 report showed 81 percent of companies in the UAE were expected to increase investment spending by end-2021 The funding is intended to drive UAE economy back on the path of growth In a big boost to companies in the United Arab Emirates, HSBC disclosed on...

73 percent of consumers have admitted to changing their shopping habits The spending power of people has taken a big hit due to Covid The coronavirus pandemic has seen a drastic shift in consumer behavior in the world and the United Arab Emirates (UAE) has been no different in this...

The project is the biggest investment in Iraq's renewable energy industry Iraq is planning to build a number of power plants in the coming years Iraq is looking to build solar power projects in central and southern Iraq, with a total capacity of 2,000 megawatts, and it has teamed up...

Britain third-largest investing country in Egypt after UAE, Saudi Arabia Egyptian food exports to UK surged by 76 percent despite the pandemic Trade between Egypt and Britain increased 8 percent year-on-year to £519 million ($722 million) in the first quarter of 2021, said Nasser Hamed, director of the EU Administration...

The product has Shariyah Review Bureau certification Customers can opt for a fee-free Islamic account or a conventional one     Jingle Pay, a UAE homegrown money service business, will offer its customers an option to open an Islamic account or opt for a conventional alternative In a statement, the...

The deal is valued at AED4.07 billion ($1.11 billion), as it will give Arkan 5.1 billion ordinary shares at a cost of AED0.798 ($0.22) each Once the deal goes through, Arkan’s holding company Senaat would own 87.5% of its entire issued share capital   United Arab Emirates-based Arkan Building Materials...

This was a 53% year-over-year increase, driven by the digital shift accelerated by the Covid-19 pandemic  E-commerce accounted for 8% of the country’s entire retail market during the same year The Dubai Chamber of Commerce and Industry was quoted by local reports as saying that the UAE’s retail e-commerce market...

94 percent of adults each in both countries considering doing more activities virtually to reduce carbon footprint Over a third of those surveyed say they will work remotely in some form after Covid-19 restrictions are lifted More than half of the adults in the UAE (54 percent) and Saudi Arabia...

  Center represents a major stride for the UAE in becoming a global hub for healthcare research The Center has already begun investigations into the cause of a genetic disease in one family The UAE has launched a first-of-its-kind Center for Genomic Discovery, which will help diagnose and treat patients...

  The emirates climbed seven places in global rankings from 2019 to 2020 The country also maintained its place as the 13th biggest for FDI outflows, investing $19 billion   The UAE was the world’s 15th biggest recipient of foreign direct investment (FDI) in 2020, receiving $20 billion, up from...

  The reminder comes as part of its ongoing efforts to protect customers from accessing unauthorized payment gateways Emirates Post advised its customers to be wary of emails and messages claiming to be from it and providing links to a third-party payment system Emirates Post, the official postal operator for...

Two major Emirati telecom operators, Etisalat and DU, would carry content from i24News, which broadcasts in Arabic, English and French The news channel will exchange content with the publisher of English-language daily Gulf News   Israel-based i24News television network said Monday it would open an office in Dubai, the first...

UAE public schools will reopen for physical learning on August 29 for the academic year 2021-22 The announcement was made by Emirates Schools Establishment, in line with the UAE’s efforts to return to normal after the Covid-19 pandemic  Public schools in the United Arab Emirates will reopen for physical learning...

A study has shown Cloud ecosystem will generate $27 billion in the next four years Microsoft and its partner ecosystem will spend about $2.3 billion in the data centers for services and products  Microsoft's UAE cloud data centers are having a positive impact on the economic growth, the company said...

Colliers white paper explains why IVF popular in MENA region despite high population growth IVF one of leading treatments undertaken by medical tourists in UAE In-vitro Fertilization (IVF) market in UAE, Saudi Arabia and Egypt is estimated to be worth $1 billion, according to a white paper on the IVF...

Project aimed at mitigating climate change and driving socio-economic benefits such as eco-tourism and food security Bank has committed US$100 million for its global Climate Solutions Partnership  HSBC has announced it will provide funds to a coastal ecosystem project in the UAE as part of the bank’s US$100 million global...

  The focus of the discussions was particularly on renewable energy, culture, and tourism They also explored the opportunities available to Guatemala to participate in Sharjah’s year-round events Sharjah’s Department of Government Relations Chairman Sheikh Fahim Al Qasimi and Guatemala’s Ambassador to the UAE Lars Pira Perez recently met to...

  The new service is jointly operated by a global shipping line --Evergreen Line, and feeder operators--Feedertech and Express Feeders The new service will further boost trade between India and UAE     Global logistics company DP World has welcomed a new weekly India South Gulf (ISG) Service at its...

*Non-oil GDP to expand by about 4 percent in both years *Central Bank report finds TES Scheme helped distressed individuals, companies to overcome debt difficulties The UAE GDP is expected to grow by 2.4 percent in 2021 and 3.8 percent in 2022 while the non-oil GDP to expand by around...

The Emirates also ranked third among 64 countries for government efficiency Vice-President Al-Maktoum: 'We did not stand still during the pandemic and we will not stop moving forward' The UAE has retained its position as the ninth most competitive country globally, out-performing the USA, Canada, Australia and the UK, ZAWYA...

Sajan says UAE provides incentives and legislations that encourage investment and commerce Thanks UAE leadership for amending federal laws regulating businesses Rizwan Sajan came to Kuwait as an 18-year-old boy for work. But the first Gulf War forced him to return home in India's financial capital, Mumbai. He then moved...

Dubai-born Senator Kevin Thomas introduced a resolution calling for commemorating the day in New York state *UAE Consul-General in NY Abdalla Shaheen underscores strong business and trade ties with the state Dubai: New York state of the US will commemorate 2 December 2021, the 50th anniversary of the Independence Day...

Central banks in the GCC mimic the US Fed's moves due to the peg of their currencies to the US dollar CBUAE upped the base rate applicable on the overnight deposit facility (ODF) by 5 points to 15 bps Hours after the US Federal Reserve Board raised the interest on...

The start-ups include new leaders in AI, cybersecurity, robotics, and others using tech to address gaps in healthcare, financial access and more This year’s cohort has the highest gender diversity yet, with over 30% of companies led by women One start-up each from the United Arab Emirates and Ethiopia is...

Top financial authorities in the UAE brought together public and private firms to help firm up the country’s anti-money-laundering policies They came together over two sessions to mull a sophisticated international financial crime compliance regime Top financial authorities in the United Arab Emirates came together recently to unite key supervisory...

  The credit is intended to give a boost to sectors critical to the overall economy of the United Arab Emirates The transport, storage, communication and real estate among the sectors receiving credit   In order to give a boost to sectors critical to the overall economy of the United...

RAW is not the first UAE-based coffee brand to announce expansion plans in the Kingdom this year Emirati Coffee in April told Arab News it plans to open its first Saudi branch in July   Tapping into a growing taste for coffee in Saudi Arabia, RAW Coffee, the United Arab...

  EGS has signed an MoU with India-based GMR Aviation Academy for aviation education The MoU will reportedly help EGS and GMRAA promote cooperation in developing and exchanging information, as well as technical expertise in aviation security   Dubai-based Emirates Group Security has signed a memorandum of understanding with the...

    This and other experiences had been stopped due to the Covid-19 pandemic and the resulting lockdown The experience will be available from 4:30 am to 7 am every Saturday and Sunday Burj Khalifa announced in a statement on Tuesday, June 15, that it was relaunching the sunrise experience...

  It has partnered with the UAE-based Storey Group’s One Billion Tree-Planting Initiative for this Mangroves, which grow in tidal areas of the coast, are an important native tree species in the UAE The Emirates Global Aluminum, in partnership with the UAE-based Storey Group’s One Billion Tree-Planting Initiative, began on...

The new board will steer the bank to be the leading digitalized financial services provider in the UAE Established in April 2021, the bank envisions becoming a trendsetter in stimulating and driving community banking activity   Al Maryah Community Bank, the UAE’s first fully integrated digital bank, announces the formation...

  Emirate attracted over 5.5 million overseas visitors in 2020 Visitor from newer markets in Europe, Africa and the Commonwealth of Independent States (CIS) are compensating for the shortfall from traditional markets   Dubai is actively seeking travelers from the new markets to bolster its tourism industry reeling from the...

The G7 powers have endorsed an agreement on a global minimum corporate tax  The UAE is one of the world's top 10 tax havens Tax advantages paired with a life of luxury have long drawn foreigners and multinationals to the UAE, which is aiming to remain attractive whether or not...

It confirmed as much during its first tax agent virtual session of 2021 The reforms will entail amending some provisions of Cabinet Decision No 49 of 2021 The United Arab Emirates’ The Federal Tax Authority plans to make extensive reforms to the country’s new tax code to help taxpayers, said...

According to the Q2 2021 Fitch Solutions Medical Device report, the market will benefit from an overall strong economic performance over the next five years The medical device market includes any product used in healthcare for the diagnosis, prevention, monitoring or treatment of illness or handicap The Inited Arab Emirates’...

The Dubai Islamic Bank has donated Zakat money worth AED6.5 million to support the program and projects of the Emirates Red Crescent Both sides signed a cooperation agreement to coordinate the distribution of the donation to those eligible to receive Zakat The Emirates Red Crescent, the Islamic world’s equivalent of...