Ramadan 2024 - eid al fitr

Eid al Fitr 2024: Saudi Arabia, UAE confirm last day of Ramadan

Saudi’s Supreme Court had asked Muslims across the country to sight the crescent moon to mark the start of Eid al Fitr

Abu Dhabi approves first housing and benefits package of the year Image WAM

Abu Dhabi approves Dh2.18bn housing package for citizens

The package was approved under the directive of UAE President Sheikh Mohamed bin Zayed Al Nahyan, in his capacity as Ruler of Abu Dhabi

All you need to know about partial solar eclipse in UAE today

Solar eclipse time: Watch live stream

The exact timing of the eclipse varies by state and time zone across the North American continent, with visibility contingent upon weather conditions

Saudi Arabia issues industrial 118 licences in Feb -GettyImages-1464744716-1

Saudi Arabia issues industrial licences worth SAR1.88bn in Feb

By the end of February, Saudi Arabia had a total of 11,757 factories either operational or under construction

dubai fireworks

Eid al Fitr 2024 fireworks across UAE: Where to watch it in Dubai and Abu Dhabi

From Dubai’s Global Village to Yas Island in Abu Dhabi, fireworks will light up the night sky to mark Eid al Fitr 2024

Etihad Airways to fly to Al Qassim from June Image Etihad Airways

Etihad to debut flights to this new Saudi destination

In addition to the Al Qassim route, Etihad Airways will increase frequencies to various destinations, including Antalya and Jaipur, starting June 15

solar eclipse

Total solar eclipse on April 8, 2024: Time, path and how to watch

The upcoming total solar eclipse slated for April 8 is set to be one of the most significant astronomical occurrences of the year.

ADX, DFM log direct deals worth Dhs1.6bn during Ramadan

ADX, DFM log direct deals worth Dhs1.6bn during Ramadan

In ADX, five large direct deals were executed on 243.4 million shares, amounting to Dhs683.3m

Emirates Development Bank milestones in numbers GettyImages-124638324

In numbers: Emirates Development Bank’s role in boosting UAE’s economy

The development bank has set an ambitious target of providing Dhs30bn in financing support to 13,500 companies by 2026

Consumer spending rises in 2023 shows Majid al Futtaim State of the UAE retail economy report

UAE consumer spending rises 13% in 2023, reveals retail report

The report showed that e-commerce spending continued growing in 2023, with a 15 per cent growth rate since 2022

Jared Kushner's Affinity Partners developing Balkan projects

Mohamed Alabbar in talks with Jared Kushner for Serbia project

Kushner told Reuters last month he was in talks over investing in Belgrade, the capital of Serbia, to transform the old army headquarters

Saudi Aramco lines up banks for potential share sale

Shell, Aramco in final stage of Pavilion Energy talks: Reports

Shell has said it believes gas and LNG will play a critical role in the energy transition by replacing more polluting coal in power plants

RED SEA - YEMEN COAST - MAERSK

Red Sea tensions: UK security firm says vessel targeted near Yemen’s Hodeidah

Yemen’s Houthis have staged attacks on shipping in the Red Sea region for months in solidarity with Palestinians in Gaza

FAB issues $800m sukuk, marks first for the year globally

FAB exploring purchase of Turkey’s Yapi Kredi Bank: Reports

FAB has held early exploratory talks with owners of several Turkish banks

Traffic fine discount - Abu Dhabi - UAE

Abu Dhabi announces road closures, traffic rule change

Motorists should be aware of changes to traffic movement and road closures announced by Abu Dhabi’s transport regulatory authority

Abu Dhabi

Abu Dhabi private sector sees robust growth, value hits Dhs338.9bn in 2023

The sector’s ongoing contributions to Abu Dhabi’s GDP were shared by ADDED and ADIO at the second edition of their Al Multaqa meeting held recently

parkin

Eid al Fitr 2024: Free parking dates announced for Dubai and Sharjah

The RTA notification said that free parking hours will be in effect from Ramadan 29 until Shawwal 3

UAE

UAE jumps 10 places in global FDI confidence index

Developed markets dominate the top 25, but emerging markets like the UAE and Saudi Arabia witness significant rises

Egypt

UAE deal bolsters Egypt’s foreign reserves in March

Egypt received the initial $5bn payment from the UAE in its $24bn deal at Ras El Hekma peninsula west of Alexandria

SCA declares Eid Al Fitr holidays for UAE financial markets Image WAM

Eid Al Fitr 2024: SCA announces holiday dates for UAE financial markets

The Eid Al Fitr holiday will start on Monday, April 8, 2024 (Ramadan 29, 1445 AH)

oil

Brent settles above $90 for first time since October

Investors will look to economic data and monetary policy for potential clues on the outlook for oil demand

GCC markets Image: Getty Images - ipo

Riyad Bank considering IPO of investment banking unit

Gulf markets have been riding an IPO boom over the last two years on high oil prices and foreign institutional investor interest

Dubai Metro red line timetable tweaked to ensure seamless travel for commuters RTA Image WAM

Dubai Metro: Timetable upgrade at Red Line Y junction to ensure direct travel

Dubai Metro trains will operate alternately, ensuring journeys from Centrepoint directly to UAE Exchange and Expo 2020 Stations without the need to switch trains at Jabal Ali Station

BlackBerry cyber

BlackBerry reports profit on demand for cybersecurity services

BlackBerry expects first-quarter revenue in the range of $130m to $138m, below analysts’ estimate of $151.12m.

Easylease acquires 60 per cent of United trans

IHC’s EasyLease acquires 60% stake in United Trans, expands interest in mobility sector

By combining their expertise, EasyLease and United Trans aim to deliver a wider range of enhanced mobility solutions to customers across the GCC and MENA regions

Oman

Oman announces Eid al Fitr 2024 holiday dates for public, private sector

Those working in the public and private sector will mark the Eid al Fitr holiday from April 9 and will resume work from April 14

How HONOR is honouring its commitment to innovation

HONOR’s CMO shines the spotlight on the firm’s commitment to innovation

RAY Guo says that by providing a wide range of options, from budget-friendly devices to flagship models, the smart device provider is catering to various market demands

Brent oil price forecast Bloomberg GettyImages-1384536093

OPEC+ gets oil price to its sweet spot, the trick is keeping it there: Insight

While Asia’s crude demand is robust, the same can’t be said for its refinery margins, which have been squeezed by higher oil prices

Gold bars

Gold continues record rally after US Fed comments

Bullion has hit record highs in each session for over a week over data from the US economy

Aster DM Healthcare

Aster DM Healthcare separates GCC, India business, sells stake to Fajr Capital

It is a major healthcare services provider in the GCC, comprising 15 hospitals, 117 clinics, and 285 pharmacies across the region and three brands