The utility firm is currently working on three other reservoir projects in Nakhali, Hassyan and Hatta in addition to the newly commissioned reservoir
The British trade secretary’s visit to the UAE focused on growing bilateral economic relations and creating momentum for a UK-GCC trade deal
The futures contracts will help investors effectively hedge against market volatility and make profitable trades
Through this transaction, which is valued at Dhs150m, Aldar will hold a majority stake of 75 per cent in Basatin with the remaining 25 per cent held by a strategic partner
The central bank said the net foreign assets dropped to SAR1.54tn in April from SAR1.57tn the previous month
The kingdom has also invested in esports and video games and committed billions of dollars of spending on football stars, teams and tour sponsorships
It will allow the airline’s loyalty programme members to collect and spend Avios on purchases at a range of partners in Qatar
The new installation will speed up clearance operations for heavy and light vehicles, equipment, and yachts at the Jebel Ali and TECOM Customs Centre
The two countries agreed to strengthen their cooperation and exchange knowledge, experiences and best practices in the field of tax policy
Housing loans for 2,000 Emiratis were approved under the Sheikh Zayed Housing Programme
The new system will help streamline procedures and reduce the required application documents, making it easier for customers to input data and track application updates
The decision applies to immovable property, intangible assets, financial assets and financial liabilities held by businesses before the corporate tax law comes into effect on June 1
Penelope Cruz, Jason Momoa, Sofia Vergara are the new face of home-grown brands in the UAE and Saudi Arabia respectively
The UK and Saudi Arabia signed a declaration of intent to jointly develop resilient and responsible critical mineral supply chains
The IIFA awards are being held in partnership with DCT Abu Dhabi and Miral at the Etihad Arena for the second year in a row
Academy Award-winning actor Penelope Cruz will star in a global advertising campaign for Emirates Airlines set to be launched come June 2023
The new company will make tobacco-free nicotine delivery products available across Saudi Arabia by the end of 2023
It has commenced with a daily flight between the two destinations, and will increase it to thrice-daily services later this year
Under the MoU, the two parties will work towards enhancing readiness to confront security risks and threats, improving security and safety measures and strengthening civil protection
The proposed development forms part of the Dubai 2040 Urban Master Plan, and aims to increase the length of public beaches by 400 per cent
The conglomerate will use the proceeds from its fourth green sukuk issuance to refinance an older $800m bond commitment due in May 2024
Sovereign wealth funds like the QIA have been increasingly looking at private credit, providing evidence of the market’s rapid growth
Falcon 40B is a foundational large language model with 40 billion parameters and trained on one trillion tokens
ADNOC sold 1.41 billion shares in its maritime logistics unit at Dhs2.01 a share, valuing the company at $4.05bn
The facility is currently producing 183 MIGD of desalinated water making Taweelah the world’s largest operating reverse osmosis facility
Al Neyadi has been in space for almost three months and during this period he has performed a historic spacewalk and carried out several scientific investigations
Forecasters predict OPEC+ to keep output steady due to demand in China, and the current curbs, should rapidly deplete world inventories
The destination hopes to be the gold standard for regenerative and sustainable tourism when it opens its doors to travellers later in 2023
The number of flights it operated in Q1 2023 stood at 17,000, a 13 per cent increase year-on-year
Empower has saved 412 million imperial gallons of fresh water in 2022 by using recycled water in its operations