UAE visa amnesty scheme

UAE: What is the new visa amnesty scheme?

The upcoming amnesty will particularly support those who have remained in the UAE beyond the grace period

oil

Oil hovers at 8-month lows as US recession fears offset Middle East tensions

Brent crude oil futures inched down 4 cents, or 0.1 per cent, to $76.77 a barrel

How vital is ESG in insurers’ sustainability reporting

Here’s why ESG is crucial for insurers’ sustainability reporting

Insurers face significant challenges related to climate change, impacting both value creation and emissions reporting

How neobanks are transforming GCC’s banking landscape

How neobanks are transforming GCC’s banking landscape

With a focus on innovation, user experience and financial inclusion, neobanks are rapidly gaining traction and challenging traditional banking models

Wio Bank’s CEO on banking in an era of evolving consumer needs

Wio Bank’s CEO on banking in an era of evolving consumer needs

Jayesh Patel says that the belief that neobanks struggle with profitability is a misconception while noting that digital banks can be profitable with a defined business objectives

Saudi Arabia mulls raising stake in Binladin Group

Saudi Arabia to raise stake in Binladin Group to boost construction sector

The government is considering helping pay off dues to banks, lending to the firm, and even potentially increasing its stake

Exploring Earth's extremes with Yousef AlRefaie

Exploring Earth’s extremes with Yousef AlRefaie

The Kuwaiti adventurer talks about his experiences and his upcoming docu-series, providing insights into the global water crisis and human condition

GCC sovereign funds dealmaking at 15-year high

How GCC sovereign funds are conquering global markets

State investors accounted for 54 per cent of the $96bn deployed by sovereign funds – the highest rate since 2009

Global airlines divert routes amid rising Middle East tensions

Global airlines divert routes amid rising Middle East tensions

Singapore Airlines stopped flying through Iranian airspace early Friday morning and is using alternative routes

Emirates Park Zoo and Resort

From vision to reality: The transformational journey of Emirates Park Zoo and Resort

The Emirates Park Zoo and Resort has evolved from being a modest petting zoo to being home to over 220 wildlife animals

How Prosper is driving growth in Dubai’s property market

Prosper Real Estate Intl’s Akram Kanso on growth in Dubai’s property market

The firm offers a full spectrum of services beyond lead generation and sales, including strategic planning

UAE central bank fines local bank Dhs5.8m for AML lapses

UAE central bank fines local bank Dhs5.8m for AML lapses

The central bank imposed the hefty fine after an examination found deficiencies in the bank’s AML/CFT policies and procedures

Antony-Blinken-Israel

Middle East tensions: US State Secretary Antony Blinken dials GCC counterparts

Blinken has spoken to his counterparts in Saudi Arabia, the UAE and Qatar as tensions have ratched up in the region, in recent days

Masdar, TotalEnergies to produce green hydrogen-to-SAF fuels in Abu Dhabi

Masdar, TotalEnergies to produce green hydrogen-to-SAF fuels in Abu Dhabi

The project seeks to help decarbonise hard-to-abate, emission-intensive sectors such as the aviation and maritime industries

Emirates Steel Arkan reports Dhs3.96bn in revenue for H1

Emirates Steel Arkan reports Dhs3.96bn in revenue for H1

Despite facing headwinds in both export and domestic markets, the group sustained a stable performance throughout the period

NEW MURABBA - FIFA STADIUMS

15 stadiums across 5 cities: Saudi Arabia’s FIFA World Cup 2034 roadmap

The kingdom’s capital city Riyadh will host eight stadiums, including the new King Salman Stadium, which will accommodate over 92,000 spectators

OPEC+ latest: Group meets against backdrop of uncertain market

OPEC+ sticks to oil policy, repeats could pause October hike

Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said OPEC+ could pause or reverse the production hikes if it decided the market is not strong enough

SABIC posts an 85% jump in Q2 2024 net profit

Petrochemicals giant SABIC posts 85% second-quarter profit leap

The company said its long-term focus would remain on “strategic portfolio optimisation” and restructuring underperforming assets

Inaugural 24 Fintech - mozn

Inaugural ’24 Fintech’ edition to host global finance industry leaders

24 Fintech is closely aligned with Saudi Arabia’s Vision 2030 which positions the industry as a crucial element in achieving economic transformation

Here's how Dubai Business Associates fosters entrepreneurship

Here’s how Dubai Business Associates fosters entrepreneurship

Surkhel Yousafzai, president of the DBA Alumni Association, delves into the strategic initiatives implemented by DBA to nurture entrepreneurship and innovation

PIF signs 6 MoUs with financial institutions

Saudi’s PIF inks MoUs worth $50bn with financial entities

PIF signed the MoUs with key Chinese financial institutions, including the Agricultural Bank of China and Bank of China

Insights on elevating talent acquisition from ARC Talent's CEO Abdul-Rahman Risilia

Insights on elevating talent acquisition from ARC Talent’s CEO

Emiratisation offers the opportunity to tap into a pool of motivated local talent and contribute to national development goals, says ARC Talent’s Abdul-Rahman Risilia

Alpha dhabi reports H1 2024 results Image courtesy WAM

Alpha Dhabi reports Dhs6.7bn in net profit for H1 2024

Despite a decrease in total gains to Dhs2bn, attributed to the de-recognition of PureHealth in 2023 and the adoption of corporate tax in the UAE, the group’s overall net profit remained strong

Dubai real estate - villa market - Tilal al Ghaf

Dubai’s real estate boom: Tilal Al Ghaf villa sale sets record with Dhs105m price tag

The influx of high-net-worth individuals continues to propel Dubai’s ultra-luxury real estate market, with H1 2024 recording 196 sales, exceeding $10m

Oil prices slip on concerns over US-China trade tensions

OPEC+ likely to stick to output policy at JMMC meet

Oil has fallen from a 2024 high, above $92 a barrel in April to trade around $81, on July 30

Response Plus Medical’s CEO on meeting today’s evolving healthcare needs

RPM CEO Dr Rohil Raghavan shares how the medical services provider continues to enhance the quality of healthcare services in the UAE, Saudi Arabia and beyond

UAE’s Borouge posts $308m in Q2 2024 net profit

UAE petchem giant Borouge posts 33% second-quarter profit leap

The profitability was attributed to sustained price premia for polyethene and polypropylene, which remained at $198 and $138 per tonne, respectively

e& Hatem Dowidar

e&’s Hatem Dowidar decodes H1 2024 results

The telecom giant reported a continued growth in the group’s subscriber base, as the total number of e& users hit the 15 million mark, in the UAE

CBUAE banks savings deposits

CBUAE keeps rates constant, follows US Fed cue

The policy decision follows the US Federal Reserve’s announcement to keep interest rates unchanged

National Pulse invests in fintech firm Aleta Planet

UAE’s National Pulse invests in Singapore’s fintech firm Aleta Planet

The investment will pave the way for the payments firm’s expansion into the UAE, Middle East and Africa