JP Morgan identifies top considerations for investors in 2024

Deem Finance lands $400m J.P. Morgan deal to fuel UAE lending

The financial services provider, which forms part of the UAE’s Gargash Group, will receive up to $400m through a revolving facility

Dubai

Non-oil sector now makes up nearly 75% of UAE’s economy

Data from the Ministry of Economy further indicates that the country’s non-oil GDP expanded 4.5 per cent to Dhs987bn for the first nine months of 2024

Here’s what GCC’s first smart vehicle testing centre will offer

The state-of-the-art facility marks a leap forward, offering a seamless and efficient vehicle testing experience in the Northern Emirates.

Sir Tim Clark: Emirates to spend $5bn on refitting aircraft

The engineering groups are working at a pace to get these aircraft turned around as quickly as possible

The arab energy fund and hartree partners set up climate tech investment platform image for illustrative purposes GettyImages

The Arab Energy Fund, Hartree Partners set up $120m climate tech investment platform

The UK-incorporated platform will invest in venture capital (VC) stage companies developing physical and digital decarbonisation technologies

Travel time reduced: Dubai’s RTA to upgrade roads in Business Bay, other areas

Traffic routes will be adjusted to improve flow just before the intersection of Al Khaleej Street and Al Mustaqbal Street

GE Vernova fuels Saudi Arabia’s energy transition with bold initiatives at the ‘New Era of Energy’ forum 2

GE Vernova boosts Saudi energy initiatives with new investments, alliances

GE Vernova announced plans to expand its GE Saudi Advanced Turbines (GESAT) facility in Dammam to locally manufacture high-voltage gas-insulated switch gears

Arab businesswoman giving presentation to coworkers in office

New Abu Dhabi schemes offer Emiratis 80% startup funding

The entity has been continually accepting applications for medium and long-term loans to meet the needs of innovative business ventures.

Etihad Airways plans to double passengers, fleet size by 2030

Etihad is now looking to launch its $1bn IPO next month – report

The airline, which started operations in 2003, is eyeing a public listing of some of its shares

Riyadh named among top 15 cities in Savills growth hubs index GettyImages

PwC seeks to ‘mend relations’ with Saudi Arabia following suspension

Bloomberg News reported that executives at the PIF have been told to stop handing out consulting projects to PwC until February 2026

Salik’s profits rise: Here’s how much it earned in 2024

The company’s Board of Directors proposed a dividend of Dhs619.8m, which is to be paid in the first half of 2025 (H1)

Good news for EV drivers: New charging stations to come up in Dubai

Customers will be able to pay both the EV charging tariff and the parking fee in a single transaction using Parkin’s app

Dubai real estate sales in February reached AED 51.1 billion, a 39.91_ increase in value on the same month last year.

Dubai real estate sales hit Dhs51.1bn in Feb; see top performing areas

Dubai’s February property sales have seen a 449 per cent increase in value over the past five years

Al-Futtaim Family Office invests in China’s BYD as automaker raises $5.59bn

The UAE’s Al-Futtaim Family Office is a key investor in the share sale, and the two firms are planning on forming a strategic partnership, according to BYD

ADNOC, OMV to establish $60bn global polyolefins entity

ADNOC, OMV to establish $60bn global polyolefins entity

Borouge Group International will be jointly controlled as an equal partnership between ADNOC  and OMV, with OMV injecting EUR1.6bn cash into the consolidated entity to equalise shareholding

Akasa Air’s new routes: Airline links 2 more Indian cities to Abu Dhabi

The flights from Bengaluru and Ahmedabad are in addition to the daily service between Mumbai and Abu Dhabi, which was introduced in July 2024

Dubai Holding and RTA ink Dhs6bn deal for traffic enhancement Image Dubai Media Office

Dubai Holding, RTA ink Dhs6bn road enhancement deal for these areas

The agreement covers Jumeirah Village Circle, Dubai Production City, Business Bay, Palm Jumeirah and International City (Phase 3)

Ramadan 2025: Ajman government employees to work remotely on Fridays

The working hours of departments operating on a shift basis will be determined based on operational needs

Video: Dubai’s RTA unveils cashless payments, free Wi-Fi for commuters

The Wi-Fi service will undergo continuous evaluation to facilitate its expansion and enhancement

UAE fuel prices drop for March 2025 Image-courtesy-Peter-Cade_Getty-Image-e1682863992162

UAE announces fuel prices for March 2025

The adjustment comes as global oil markets experience relative stability, with Brent crude prices fluctuating around $80 per barrel in recent weeks

Ramadan 2025: Dubai’s RTA announces metro, public parking timings

The revised timings apply to all of its entities

Ramadan 2025: Dubai announces remote learning for private school students on Fridays

The private schools are also encouraged to accommodate families for whom remote learning may not be suitable

Ramadan 2025: Dubai authority approves flexible, remote work policy for government employees

The employees are also permitted to work remotely for up to two days a week

Ramadan 2025: Abu Dhabi public schools introduce remote learning on Fridays

This initiative enables students to participate in activities at home alongside their families

Ramadan 2025: UAE council calls residents for sighting crescent moon

The Council prays that the blessed month of Ramadan brings goodness, prosperity, and blessings to the Arab and Islamic nations and the world at large

ADNOC signs LNG deal with Japan's Osaka Gas Getty Images

ADNOC secures long-term LNG deal with Japan’s Osaka Gas

Under the deal, LNG cargoes will be shipped to Osaka Gas and its Singapore-based subsidiary, Osaka Gas Energy Supply and Trading 

FAB end of service benefits funds get final nod from UAE authorities

FAB end of service benefits funds get final nod from UAE authorities

The funds are managed by FAB Asset Management, one of the largest MENA-focused asset managers with over 20 years of regional expertise

SCA imposes fines on firms violating AML CFT rules

UAE: SCA imposes Dhs1.15m in penalties on firms for AML/CFT violations

The SCA has announced a series of financial penalties against those companies since the beginning of January

IHC Chairman - H.H. Sheikh Tahnoon bin Zayed Al Nahyan

IHC reports net profit of Dhs25.7bn in 2024

IHC’s total assets expanded to Dhs401.8bn, up 52 per cent, supported by strategic investments and portfolio expansion

Insights: How to successfully tap the GCC's luxury market

Insights: How global brands can tap GCC’s luxury market

Data shows that 39 per cent of customers in the region strongly value personalised connections with advisors, but there’s significant room for improvement in delivering this consistently