Dubai approves Dh152m bonus for govt workers

Dubai approves Dhs152m bonus for government employees

Sheikh Hamdan said the bonus underscored the government’s commitment to fostering an environment that nurtures creativity and commitment among employees

Key trade deal brings UAE, Mauritius closer together

The UAE and Mauritius, in first-of-their-kind negotiations, are set to boost each other’s economies in years to come with key trade deals in the pipeline

uae currency dirhams

Strong cash flows for UAE stocks in Christmas Day trade

UAE stocks in Dubai and Abu Dhabi recorded strong cash flows on Monday, surpassing Dhs1bn in market liquidity

S&P Global affirms positive outlook on Bahrain

Bahrain notched up 2.45% growth in third quarter of 2023

The Kingdom of Bahrain showcased healthy GDP growth for the third quarter of 2023, according to the latest statistics revealed by that country.

Institutional investors were hungry for Dubai, Abu Dhabi Stocks in 2023

Institutional investors dominated the UAE equity market in 2023, capturing nearly 78 per cent of total trading activity on the Dubai and Abu Dhabi bourses

Wizz Air Abu Dhabi carries 3 million passengers in 2023

Wizz Air Abu Dhabi carries 3 million passengers in 2023

The budget carrier operated more than 15,000 flights and carried three million passengers

Red Sea shipping

Oil eased ahead of Christmas break on possible future Angola output increase

Brent crude oil futures fell 32 cents, or 0.4 per cent, to settle at $79.07 a barrel

Sam Altman of OpenAI search

OpenAI in talks to raise new funding at $100bn valuation

The terms, valuation and timing of the funding round have not yet been finalised and could still change

gratuity - pension - end-of-service

UAE’s new end-of-service benefits scheme for employees: Why should you switch?

Hear from an expert on the UAE’s newly implemented end-of-service benefits scheme

Dubai Emaar Malls - parking

Dubai Mall revamps parking with Salik’s platform: Here’s how it affects you

The system is expected to be operational in Dubai Mall by the third quarter of the new year

Fireworks at Global Village S25 (2) copy

Where and how to watch Dubai’s New Year’s eve fireworks? Here are 8 iconic spots

From the world-famous Burj Khalifa to the secluded hill ranges in Hatta, here are 8 places to watch some stunning fireworks as the Dubai sky lights up on New Year’s eve.

UAE airports see 15 increase in air traffic during COP28

UAE airports register 15% jump in air traffic during COP28

The first day of the climate change summit witnessed the highest daily air traffic rate in the history of civil aviation in the UAE

The Lynas Rare Earths Ltd. processing plant in Kalgoorlie, Western Australia, on Wednesday, Aug. 3, 2022. Lynas, the only key supplier of the critical minerals outside China, has won further financial backing from Washington to build a plant in the US. Photographer: Carla Gottgens/Bloomberg

Saudi Arabia studies graphite, rare earths trading platform

The kingdom has been studying setting up the trading platform in the second half of 2023 but a decision is not expected any time soon

Cash deposits in UAE hit Dhs687.2bn by October-end

Cash deposits in UAE hit Dhs687.2bn by October-end

The central bank said cash deposits during the first ten months of 2023 soared by 8.12 per cent or Dhs51.6bn

Dubai economy sees growth in H1 2023 -GettyImages-1392301478

UAE central bank raises GDP growth outlook to 5.7% in 2024

The apex lender projected that the country’s overall GDP will grow by 3.1 per cent in 2023

New Year 2024 holiday dates announced in UAE

New Year 2024: UAE announces 3-day weekend for public, private sector

The Federal Authority for Government Human Resources said regular work hours will resume on Tuesday 2 January

Tourism boom: Saudi Arabia’s international visitor numbers soar 142%

More tourists than ever before are visiting the Kingdom of Saudi Arabia as inbound visitor numbers have more than doubled since 2022

Sheikh Zayed Grand Mosque. (Source: WAM)

67 million visitors for Abu Dhabi’s Sheikh Zayed Grand Mosque

Ever since opening on 20 December 2007, the mosque has seen millions of visitors come to see the iconic building

ADNOC signs 15-year LNG supply deal with SEFE

ADNOC signs multi-year LNG supply deal with China’s ENN Natural Gas

The deal is subject to a final investment decision including regulatory approvals and reaching a definitive sale and purchase agreement

New Year’s Eve in Dubai: RTA announces marine transit offers

New Year’s Eve in Dubai: Watch fireworks from the sea aboard RTA ferry, abra

The Dubai Ferry, Water Bus, Water Taxi and abras have special appeal to Dubai residents, visitors, and tourists, thanks to the picturesque coastal line of the city

ADX FADX 2022

PureHealth soars 69% after nearly $1bn IPO in Abu Dhabi

Shares in PureHealth traded at Dhs5.5 on Wednesday as the Abu Dhabi market opened against an IPO offer price of Dhs3.26 per share.

Barakah Nuclear Energy Plant unit 3

This nuclear plant is a step closer to supplying 25% of the UAE’s power

The fourth unit of the UAE’s Barakah Nuclear Energy Plant has been completed, bringing the facility one step closer to generating a quarter of the country’s power needs

Executive

UAE consumers worried about application failure during holiday season: Report

From staying connected with loved ones, to managing finances, consumers will heavily rely on diverse applications during their celebrations

BlackRock to invest up to $400m in Dubai decarbonisation firm

The investment from BlackRock is expected to help Positive Zero, a decentralised decarbonisation infrastructure business, with boosting energy transition projects in Gulf countries.

Huawei

Huawei holds ICT competition in Bahrain to develop tech skills

More than 27,500 students from over 600 universities across 21 Middle Eastern and Central Asian countries have participated in this year’s competition

ARISTA

Arista Properties makes an inaugural entry into the UAE

With its first project strategically located at MBR City, Arista has brough on board architect firm Hirsch Bedner Associates and One Broker Group as agency partner

Mubadala Energy announces major gas discovery in Indonesia

Mubadala Energy boosts Indonesia exposure with major gas discovery

The Layaran-1 discovery provides the foundation for future organic growth and additional exploration drilling activities in 2024

UAE establishes Accountability Authority

UAE President issues decree to establish Accountability Authority

The authority is the supreme authority for financial control, auditing, integrity and transparency in the country

GCC region M&A blazes trail as global deals decline

UAE’s Bayanat and Yahsat agree potential Dhs15bn merger

The merger is subject to regulatory and shareholder approvals and is expected to close in the second half of 2024

Oracle generative AI

Oracle targets training 50,000 Saudis in AI, latest tech

The training is set to form part of an initiative called ‘Mostaqbali’ (My Future), and will be supervised by Saudi Arabia’s Ministry of Human Resources and Social Development.