India - UAE bilateral meet in Abu Dhabi

India-UAE partnership: Leading the regionalisation of trade through the decades

As India celebrates its 75th Republic Day, here’s a look at the encouraging bilateral trade figures catapulted by the UAE-India CEPA deal

Emirates NBD posts Dhs21.5bn in full-year profit

Dubai’s Emirates NBD posts 65% rise in 2023 earnings

The Dubai-based lender proposed a dividend of 120 fils per share for last year, doubling the amount paid to shareholders in 2022

Etihad Rail marks historic passenger journey from Abu Dhabi to Al Dhannah

Etihad Rail has carried passengers on its lines for the first time ever as it embarked on a 250km journey

UAE Golden Visa - Getty Images

UAE Golden Visa: Dubai makes major change to property down payment requirement

The UAE introduced the golden visa programme to allow for a 10-year residency to encourage exceptional individuals and foreign investors to establish deeper ties to the country.

Uganda oil pipeline

Uganda in talks with UAE investment firm over planned oil refinery

Negotiations on the key commercial details between Uganda and UAE-based Alpha MBM Investments are expected to be completed within three months

Boeing 737 max

What airlines, regulators are doing about Boeing 737 MAX 9 jets

The American planemaker is facing serious action from regulators after the Alaska Air incident

AD Ports Group to digitalise Aqaba port operations

AD Ports Group’s Maqta Gateway to digitalise Aqaba port operations

The implementation of port community system marks the first ever export of Abu Dhabi’s key port digitalisation solution

CENTREPOINT-LANDMARK GROUP - PATH TO NET ZERO

‘Survival of the most sustainable one’: The new mantra for a net zero future says Landmark Group CFO

Rajesh Garg, group chief financial officer and chief sustainability officer at Landmark Group speaks to Gulf Business about the green ethos driving the change in the retail giant’s operations and outlook.

Mercedes Benz Places by Binghatti unveiled Image Supplied

Binghatti unveils first Mercedes-Benz branded residential tower, here are the details

The residences will showcase mixed-use facilities comprising restaurants, sports and wellness zones, lounges, non-automotive retail, exhibition spaces, and parking

Dubai Financial Services Authority registers 117 firms in 2023, reflects 25% YoY growth Image WAM

Dubai Financial Services Authority registered 117 firms in 2023, reflecting 25% growth

The regulator licenced and registered a record-breaking 117 firms during the 12 months. This reflected an increase of 25 per cent from the previous year.

DIB reports 26% rise in full-year net profit

DIB’s full-year profit surges to Dhs7bn on higher interest income

The Shariah-compliant bank’s net operating revenues rose by 11 per cent YoY to reach Dhs11.7bn, while operating profit stood at Dhs8.5bn

Etihad Cargo, Abu Dhabi Airports, Abu Dhabi Food Hub to set up air corridor for food trade image Getty Images

Abu Dhabi moves to bolster air corridor for food trade

The launch of the Fresh Corridor 2.0 will encourage two-way food trade between the UAE and the rest of the world bringing food products into the UAE

MBRAH at Dubai South reords highest ever private jet movements Image dubai media office

Private jet traffic soars at Mohammed bin Rashid Aerospace Hub

The number registered was 16,657 movements, a growth of 8 per cent over 2022, reflecting the highest movements achieved so far in the emirate

Sheikh Hamdan dubai

Sheikh Hamdan launches Dhs1.1bn scholarship programme for students

The programme, which will fund 100 Emirati students annually, will start accepting applications in April for the 2024-2025 academic year

SRTA, BEEAH partner to build EV charging stations

Sharjah’s SRTA, BEEAH partner to build EV charging stations

The installation of EV charging infrastructure is expected to support drivers looking to make the switch to electric vehicles

Saudia witnesses 21% yearly surge in passengers

Saudia witnesses 21% yearly surge in passengers

The state-owned carrier operated 176,300 flights while transit flights registered 77 per cent growth compared to the year 2019

Aldar launches Sama Yas at Yas park

Abu Dhabi: Aldar unveils new premium residential community in Yas Park

Sama Yas, set to launch on February 2, comprises three low-rise buildings, which include one-, two, and three-bedroom apartments, two- and three-bedroom duplexes, two- and three-bedroom garden apartments, and penthouses

UAE tax relief

UAE reaffirms: No personal income tax on the horizon

Individuals won’t be taxed in the UAE any time soon, says a top delegation from the UAE’s Ministry of Finance

Saudi Arabia’s PIF seeks to raise $5bn from bond sale

Saudi Arabia’s PIF taps debt market with $5bn three-part bond

The triple-tranche bond sale generated strong demand, with orders worth over $27bn

UAE President establishes AI and Advanced Technology Council

UAE President establishes AI and Advanced Technology Council

The council will contribute to the continued development and prosperity of the post-hydrocarbon economy

Holiday Inn Dubai Business Bay - Reception

Holiday Inn Dubai Business Bay now open, debuts open lobby concept

Set in one of the most central areas of the city, the Holiday Inn Business Bay is an ideal choice for corporate and leisure travellers looking for easy access to Dubai’s business and recreational landmarks

PIF Launches Electric 360 Image PIF

PIF unveils ‘Electric 360’ partnership, announces new brand revamp

The partnership with Formula E, Extreme E and E1 will promote educational opportunities tied to electric motorsports, as well as community, social programmes and environmental stewardship

ADNOC bumps up decarbonisation budget to $23bn

UAE’s ADNOC bumps up decarbonisation budget to $23bn

The increased allocation will include investments to grow the company’s domestic and international carbon management platforms

SABIC to build $6.4bn China petrochemical plant

Saudi Arabia’s SABIC gives go-ahead for $6.4bn China petrochemical plant

The complex is expected to be able to produce 1.8 million metric tons of ethylene per year and is designed to expand SABIC’s manufacturing presence in Asia

RPM Response Plus Medical acquires UK-based Prometheus Medical Image RPM

Response Plus Medical acquires UK-based Prometheus Medical

Following the acquisition, Response Plus Medical is pursuing a robust strategy of integrating all aspects of pre-hospital healthcare services under one umbrella

Royal Caribbean, MSC suspend cruises due to Red Sea woes

Royal Caribbean, MSC cancel cruises due to Red Sea crisis

The Red Sea crisis has slowed trade between Asia and Europe and raised concerns about an escalation of the conflict between Israel and Hamas in Gaza

Dubai D33 agenda on track, GDP growth rises 3.3% from Jan-Sep 2023

Accommodation and food services activities witnessed a strong 11.1 per cent growth in the first nine months of the year

The RIG msterplan announced Image courtesy OPDC The RIG

Saudi oil rig ‘adventure park’ gets a masterplan

The project includes three hotels with a total of 800 rooms, 11 restaurants, an extreme sports and adventure park, a marina and helipads

UAE launches Global TradeTech Sandbox at WEF

The Global TradeTech Sandbox will streamline the interaction between exporters, logistics companies, ports, regulators, and customs officials

Samsung Galaxy S24: Pre-orders now open in UAE

Samsung Galaxy S24: Pre-orders now open in UAE

Samsung customers in UAE can avail pre-order benefits on the latest Galaxy S24 Series, such as free double storage upgrade, one year Samsung Care+ warranty, trade-in benefits and more