The emirate has proven itself to be one of the most attractive global destinations for investors
The emirate has proven itself to be one of the most attractive global destinations for investors
Total assets increased by 7% from Dh6,240 million as of March 31 2023
In the first quarter, Dubai’s total transaction volumes reached 35,310
The CPI rose 0.3 per cent last month after advancing 0.4 per cent in March and February, suggesting that inflation resumed its downward trend
Being a sustainable organisation means working beyond your boundaries as an entity
Consumption volumes for firm’s cooling services growing organically by 9%
Q1 revenues up 5.3 per cent on same period last year to Dh13.7 billion
The revamped showroom covers a vast area of 95,000 square feet,
Company signs agreement with leading UK school, Reigate Grammar School
The UAE had earlier tightened real estate investment rules and asked property agents, brokers, and law firms to report cash transactions worth Dh55,000 and above
Dubai Civil Aviation Authority shines spotlight on air transport enablement at Airport Show 2024
Family-owned conglomerate committed to nurturing the development of Emirati workforce
The digital asset industry is experiencing exponential growth
Urban Ledger debuts at Seamless Middle East 2024
Tecom embarks on its next phase of growth
Loyalty schemes, AI and customer retention will be key
Transaction value expected to hit $29.75 billion this year
Overall volume of digital payments in Mena has grown nearly seven-fold since 2020
Incorporating Italian brand Tonino Lamborghini Group's designs, four towers are being developed, housing 541 units
The revamped showroom covers a vast area of 95,000 square feet,
The 3rd truck with the Raptor badge is yet another tall, brawny off-roader with fender flares as big as Stallone’s biceps
These two vehicles can accelerate from 0 to 100kmph in just 3.6 seconds
The affected models are 2019–2023 GLS/GLE with engine M256 and automatic transmission NAG3
ADDED signs pact with Alfahim Group to build new plant
Most EVs promise mileage of 250-500km depending on engine variants and price points
Driving without a plate or with a damaged one can fetch residents hefty fine of up to Dh3,000, and 23 black points
After a bout of torrential rain, Dubai has bounced back like no other city, with automotive events being organised in full swing and big announcements being made
Despite the growing market share of domestic automakers, Teslas remain among the best-selling EVs in the Asian country
Chinese Premier Li Qiang promises to Musk that the country will always be open to foreign firms
Many motorists who have their vehicles written off will also look for a new one, driving the demand
Dubai Civil Aviation Authority shines spotlight on air transport enablement at Airport Show 2024
Ukraine has vowed to take the battle to Russian soil after suffering massive destruction on its territory from more than two years of bombardments
SAF can reduce lifecycle carbon emissions by up to 80% compared to using conventional jet fuel
Heavy rainfall impacted DXB operations significantly on April 16 and consecutive days, disrupting flight schedules and baggage handling
The airline's fleet has expanded to 89 aircraft, serving 68 destinations globally
The new measure garnered widespread acclaim for its innovative approach to mitigating significant public health risks
First quarter turnover increased 8% to Dh1.54 billion as number of passengers rise 13%
The company announced its strongest financial performance to date for the fiscal year 2023-24, hitting a Dh18.7-billion mark
Both Emirates and dnata saw significant profit and revenue increases, as the company expanded its operations worldwide
About 175 flights were cancelled due to sudden sick leave calls from crew members
The airline carried 4.2 million passengers over the quarter, up 41 per cent year-on-year
Some senior crew members allegedly switched off their mobile phones just before flight operations
Airport expected to increase its capacity to 25 million passengers annually by 2027
Abu Dhabi-based airline will also add Bali, Mykonos, Nice, and more as summer destinations
Banks are part of the economy, and they will provide a “lifeline"
The 10-million-plus debit cards that exist in the market will be replaced gradually over the next two and a half years
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Report of the independent auditor on the summary financial information to the Directors of American Home Assurance Company in respect of its Dubai Branch
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Residents who have invested in saving bonds earn up to 5.8 per cent returns as the investment portfolio of the firm crossed Dh14 billion
It's the largest fund that the Africa Finance Corp has pooled, 'providing the much-needed impetus to African industrialisation, enhanced export earnings and job creation'
The consultation will be open from March 15 to April 10, and accessible via the website of the Ministry of Finance
It applies to buyers and sellers through any digital means in the country and outside when residents buy the product
Total federal assets reached Dh481.5 billion in 2023, and the UAE ranked first globally in four indicators of financial competitiveness
Banks records strong business momentum with double-digit growth in assets; Financial performance aided by significant progress across the core businesses with total operating income recording a 15 per cent growth
The lender saw 8.29 per cent growth in Islamic financing assets, which closed the year at Dh13.8 billion
CBUAE imposed a fine due to its weak compliance framework and failure to meet regulatory obligations
Expert says most of the IPOs over the last three years paid dividends of over four per cent
It is catering to diverse segments with products like 'My One Million' and 'Second Salary' designed to create an additional income stream for individuals
Customers and partners will start seeing documents with the new legal name
If a person has a licence issued in January or February (irrespective of the year), he has to submit a tax registration application by May 31, 2024
City’s top fashion names attended the fashion presentation and launch
60% in ALEC’s ‘Mustaqbal’ programme are women
Young entrepreneurs showcased their innovative projects
Performance was driven by robust demand from new and existing customers
The multi-brand gift card, HappyYOU, can be purchased across all Carrefour stores in the UAE
Transaction is expected to close in Q1 2024, subject to regulatory approvals
Deal expands RPM offering into UK-Nordic region and strengthen capabilities for energy and defence sectors
Tally is all geared to support the UAE SME community
MADA UV Company’s latest innovation promises 100% germ eradication
Company offers a diverse range of mortgage solutions
The Rockets Investment launches CBI programme has part of its widening portfolio
This takes the tally of global engagement centres under LuLu Financial Holdings to 314
A paradigm shift in urban fashion: ‘Movement’ takes centrestage
Bitcoin’s scarcity remains a key driver of its value, attracting long-term investors
eToro study suggests that potential to generate high returns (40 per cent) is the main driver behind the interest
Protocol’s new Index Tokens will offer users access to cutting edge decentralized markets
Current dynamics of Bitcoin leave only nine months of supply left on exchanges
Dubai is emerging as a major hub for cryptocurrencies
Craig Wright has long claimed to have been the author of a 2008 white paper, the foundational text of bitcoin, published under the pseudonym
ETF approvals and expected halving boosts demand for crypto
The cryptocurrency has gained 50 per cent this year and most of the rise has come in the last few weeks
Halving in April, coupled with regulatory approvals signal bright days ahead
A reliable crypto regulatory framework will attract more investment into the digital assets
Investors believe increasing mainstream acceptance, regulation, and global adoption would help reduce the volatility
Official calls on investors to be careful of exaggerated benefit offers
The company will be the first privately owned crypto and blockchain entity to be listed on a Middle East stock market
More than two-thirds of UAE crypto transactions were for institutional investments
The country is likely to seek at least $6 billion and request additional financing from the Fund
In a staff report, the fund says political complexities and high cost of living could weigh on policy
The country narrowly averted default last summer, and its $350 billion economy has stabilised after the completion of the last IMF programme
UAE aims to double its gross domestic product to Dh3 trillion by 2030
Borrowing costs to remain unchanged as Fed holds rates at 23-year high
The UAE is India's second-largest export destination after the US
Islamabad is seeking a larger long-term agreement with the fund after a current $3 billion standby arrangement expires this month
Emerging economies’ bloc ditches greenback in $260b worth trade
The International Monetary Fund forecast growth in the Gulf region to average 2.4% in 2024
IMF has raised India's economic growth forecast to 6.8% in 2024-25
Country has set an ambitious target of signing 26 Cepas
US rates have 'strong and immediate' impact on Asia FX - IMF
IMF says despite many gloomy predictions, world economy avoided a recession
UAE’s current account surplus is estimated to rise to 8.4% in 2024
Group forecasts oil demand to grow by 2.2 million barrels a day this year
Today, Abu Dhabi holds an estimated 220 billion barrels of unconventional oil and 460 TCF of unconventional gas
Dividend to increase by at least 10% annually for the next five years, company says
Plant is set to be the first LNG export facility in the Middle East and Africa
Global output may be cut by $1 trillion, finds new analysis
Company aims to increase dividends by a minimum of 5% every year
The facility had been targeted by a drone on Friday in which four workers were killed
Prices have increased by 19 fils per litre, compared to the rates of April
Here's how much it will cost to tank up your car this month
Following a $3 per barrel average global price increase in March, petrol prices for April increased by 12 fils per litre in the UAE
Hedge funds and other money managers sold the equivalent of 23 million barrels
The sale and purchase agreement with TotalEnergies finalises a deal announced in October
Green Giant project is set to deliver 500 MW of solar power
Prices could skyrocket if Iran closes the Straits of Hormuz
The renovation will be executed in two phases and the initial phase will restore a 2.1km stretch along the Deira side
Cutting-edge AI technologies to usher in a new era of seamless travel, eliminating traditional hassles and streamlining passenger experience
Facility will have snack dispenser, water cooler and mobile phone charging station
The project’s design is inspired by the hexagonal beehive — a nod to the famous Hatta honey
A dedicated track for cyclists and pedestrians will be built along the bridge linking Dubai Islands and Bur Dubai
Emirate’s road network and safety standards have placed Dubai among the best global cities in terms of traffic safety
The federal law aims to preserve country's advanced infrastructure and enhance road safety
Salamah 365 aims to improve traffic and student safety by reducing number of road fatalities and implementing a smart school model, respectively
RTA is tasked with defining the requirements, procedures, controls, standards and specifications applied by its Safety Regulatory Entity
Minister of Energy and Infrastructure outlines details of National Electric Vehicles Policy
The Island, located 160km Northwest of Abu Dhabi, is a critical part of the UAE's infrastructure and central to Adnoc's ambitious gas growth plans
The plots will be fully serviced and comprise basic and entertainment facilities and parks
Project includes construction of a bridge on Al Ittihad Street consisting of three lanes for vehicles coming from Dubai towards Sheikh Khalifa intersection
Emirate launched its first urban plan back in 1960 and is currently in the process of realising its 7th development plan
The CPI rose 0.3 per cent last month after advancing 0.4 per cent in March and February, suggesting that inflation resumed its downward trend
Investors are watching the US Consumer Price Index (CPI) that is to be released on Wednesday
Parkin’s share sale contributed 37.2 per cent of the total IPO value
Investors have been looking at the US Federal Reserve to learn more about interest rate cuts
Due to the ongoing closure of Floating Bridge and traffic diversion, Al Maktoum Bridge gate saw revenue-generating trips increase by 49% YoY
Prices of the yellow metal had soared on Friday to surpass its levels in late April
The benchmark S&P 500 index is up over 9% for the year
The supermarket chain will expand its footprint in the UAE and Saudi Arabia through due to growing demand of retail products
The company also reported a strong non-fuel gross profit increase of 16 per cent year-on-year to $55 million
The final offer price was set at Dh1.53 per share, at the top end of the offer price range, raising around Dh1.38 billion
Precious metal is currently trading near the psychological level of $2,300 within a descending channel established since April 22
The Reserve Bank of India was selling dollars to keep the rupee from sliding below the all-time low, say traders
Central bank gold purchases could continue to support the precious metal to a certain extent, expert says
Yellow metal prices retraced from earlier gains following the release of the US April employment report
The emirate has proven itself to be one of the most attractive global destinations for investors
Total assets increased by 7% from Dh6,240 million as of March 31 2023
In the first quarter, Dubai’s total transaction volumes reached 35,310
Incorporating Italian brand Tonino Lamborghini Group's designs, four towers are being developed, housing 541 units
Emaar Development’s sales backlog has increased to Dh65.7 billion
One firm told to pay Dh30,000 for not complying with the regulations
Many landlords and free zones are upgrading older office stocks to meet the growing demand
Villa owners are renovating older units and reselling at notably higher rates to keep up with the demand
The potential of short-term rentals has become a key selling point of many properties
Property owners in Dubai South and its vicinity have begun to raise prices - by up to 25 per cent
Developers and community managers conduct free cleaning and repairs for residences, helping areas that have been severely damaged
In April, nearly 58 per cent of property buyers were looking for apartments while 42 per cent searched for villas or townhouses
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When we talk about luxury hospitality, ORA Hospitality stands out as a beacon, offering not just accommodation but an expedition into self-discovery.
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This year, the property prices are likely to see a jump of up to 15%
A thriving ecosystem and increasing investor interest to foster innovation and entrepreneurship in the region
As part of the D33 programme, Dubai aims to scale up to 30 companies to become global unicorns in new economic sectors by 2033
The smart greenhouse system presented at the startup exhibition provides energy, water and heat required for plant growth automatically
The recruitment platform targets people aged below 30 and specialises in providing internships, freelance and remote work
Over 1,800 startups representing more than 100 countries participate in Expand North Star 2023 at Dubai Harbour
Over 1,400 start-ups are showcasing their solutions at Expand North Star conference
The bike will have a seating capacity for three people
DIFC's Accelerator Programme received tremendous responses from companies worldwide as the emirate has become a magnet for metaverse
Research and development happened at SRTIP’s hi-tech SoiLAB facilities
Experts do not not rule out the possibility of entities in the UAE’s tech sector having some exposure to SVB
This fund will invest in pre-seed and seed tech-startups in the Middle East and Africa
The UAE is becoming a preferred choice for newly established businesses to raise funds, expand, and hit the billion-dollar mark
The Arab world’s visionary leadership has ensured a strong customer-driven demand as gender stereotypes and taboos are being broken to create a new egalitarian world order
This comes after Indian PM Narendra Modi last year announced January 16 as National Start Up Day to promote entrepreneurship and businesses
By adopting the latest 5G solutions, the telecom provider is paving the way for the 6G era by 2030, says official
e& Group’s telecom vertical, e& UAE (formally known as etisalat by e&), was this week named the strongest brand by Brand Finance in the Middle East
The number of e& UAE subscribers reached 14.5 million in Q1 2024
Company’s mobile customer base grew 5.7% year-over-year to 8.7 million subscribers
6G will further elevate capabilities of robots, AI, autonomous transport and remote surgery/diagnostics among others
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e& UAE has consistently demonstrated its commitment to ethical business conduct and anti-bribery compliance
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Customers can download the Virgin Mobile app and get connected instantly with an eSIM in a few minutes
Phone booths offer commuters an invaluable opportunity to strengthen familial bonds and connect with friends
The country's other telco Etisalat by e& is already providing multiple fintech solutions to its customers
e& UAE users can benefit from satellite connectivity without the bulky devices that are typically needed
Salvador Anglada, CEO of e& enterprise, explores the key milestones that have driven the company's success in the past year and outlines their vision for a transformative journey towards a smarter, more secure, and sustainable future.
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Its full-year revenues grew by 6.9 per cent on the back of sustained demand and strong growth in post-paid and fixed services
e& is accelerating the pace of its green initiatives to enable a low-carbon society, reduce environmental impact and promote sustainability
This new feature allows remote diagnosis by enabling a seamless connection between patients, ambulance staff, and medical experts
The digital asset industry is experiencing exponential growth
Urban Ledger debuts at Seamless Middle East 2024
Certain 'vulnerabilities' could allow attackers to steal data, execute malicious codes, authority says
A new AI model called GPT-4o, which enables ChatGPT to respond via voice in real time and be interrupted
The messaging platform announced these updates through direct texts from its official handle on the application
The institute will have various courses tailored for healthcare professionals and conduct mass training sessions accommodating up to 100 attendees
The new GPT-4o is said to be more efficient than the company's previous models
By adopting the latest 5G solutions, the telecom provider is paving the way for the 6G era by 2030, says official
As per an expert, the changes could impact the way students are taught
American tech companies in general are seen as hostile toward unionisation efforts, notably Amazon
These vulnerabilities 'could allow an attacker to remotely execute malicious code on a victim's machine in the context of the logged-in user'
The trial, the first-of-its-kind in the region, involved a small-sized drone, which can carry two passengers for up to 35km
UAE's digital strategies help boost innovation, official says
AI’s continuous development will undoubtedly increase the potency of its potential misuse
The Reserve Bank of India could be lining up dollar offers on the interbank order matching system to prevent the currency from slipping to an all-time low, say traders
Foreign investors took out more than $2 billion from Indian equities last week
The equity market is 'nervous' about the general election results, due on June 4, which is likely to maintain some pressure on the South Asian currency, expert says
Investors now await US jobless claims data due later in the day for cues on strength in the labour market
The Reserve Bank of India was selling dollars to keep the rupee from sliding below the all-time low, say traders
Amid easing tensions over the conflict in the Middle East, the focus will remain on the outlook for when the Federal Reserve may begin to ease policy rates
US equity futures and Asian shares declined while safe haven demand lifted US Treasuries
The South Asian currency may fall below the 83.50 mark today 'if the RBI doesn't intervene or if it does mild intervention as it has been over the last few days', a trader says
It will be important to watch if the central bank nudges the South Asian currency higher as a slight downward bias is likely to persist in the market, says expert
The South Asian currency was expected to face some pressure on the back of a decline in the offshore Chinese yuan
The Reserve Bank of India likely sold US dollars via state-run banks to prevent further depreciation in the rupee
Traders said it was weighed down by broad weakness in its Asian peers and aggressive local dollar demand
The currency had dropped to a two-month low on Wednesday due to dollar demand from importers, including local oil companies
The South Asian currency is set for a quiet session today, eyeing whether the US Federal Reserve will signal fewer rate cuts this year