MoHRE urges firms to meet Emiratisation deadline

Emiratisation: MoHRE urges companies to meet 2023 targets

The ministry warned that companies that fail to comply with Emiratisation will be required to pay fines from January 2024

flynas takes delivery of 3 A320neo aircraft

Saudi budget carrier flynas takes delivery of 3 A320neo aircraft

The airline has taken delivery of 18 out of 19 new A320neo aircraft scheduled for delivery in 2023

UAE launches work permit for private tutors

UAE visa: MoHRE, MOE introduce new private teacher work permit

The new permit will protect the rights of teachers, and ensure students receive quality education

BNPL startup Tamara raises $340m, now valued at $1bn

BNPL startup Tamara now valued at $1bn after raising $340m

With this transaction, the BNPL platform will have raised a total of $500m in equity funding, and well above $400m in debt financing

UAE Bankruptcy law

7 key provisions of the UAE’s new bankruptcy law

The UAE’s new bankruptcy legislation was published on 31 October 2023 and it is set to come into full effect on 1 May 2024.

DP World to move headquarters to Expo City Dubai

DP World to relocate global head office to Expo City Dubai

The new head office provides a platform for clients and partners to engage with the port operator’s entire portfolio

Dubai real estate

Dubai real estate gig: Sparks fly as job ad demands dating prowess

A real estate job advertisement in Dubai has gained attention, all for the wrong reasons.

RTA unveils Dhs1.6bn digital strategy

Dubai’s RTA unveils Dhs1.6bn digital strategy

The digital strategy implementation will be carried out over four phases spanning seven years

Abu Dhabi to ‘buy’ stake in key Turkish port: Reuters

ADPorts Group could invest in an entity established by the Turkey Wealth Fund to run the Aegean coast port of Izmir, reports Reuters

ADQ, Azerbaijan’s AIH form joint investment platform

ADQ, Azerbaijan Investment Holding form joint investment platform

The venture will seek and leverage investment opportunities to generate sustainable financial returns on deployed capital

KUWAIT RULER

UAE declares 3-day mourning period to condole Kuwait Emir Sheikh Nawaf’s death

The mourning period has been confirmed for three days, during which flags will be flown at half-mast across all official departments within the country

Kuwait

Kuwait’s Emir Sheikh Nawaf passes away at 86, official mourning announced

Kuwait has announced an official mourning for 40 days and the closure of official departments for three days, following the passing of the ruler

Red Sea - shipping - logistics

Oil shipments on Maersk vessels could re-route via Cape: Reports

The Middle East crisis is already raising shipping and insurance costs through the critical Red Sea area

oil

Oil market comfortably supplied despite OPEC+ cuts: Insight

Production restraint by OPEC+ allies has been more than offset by output growth from US shale firms and other sources

WATCH: Sheikh Hamdan takes the wheel — or not? — in self-driving taxi

The test follows RTA’s announcement in 2022 to set up Dubai as the first international market for Cruise

UAE cracks down on 2 domestic worker agencies for violations

The two agencies have had their licences revoked by the Ministry of Human Resources and Emiratisation (MoHRE) for falling foul of the law and regulations.

Winter weather

UAE: Winter weather brings rain, mist with minimum temperatures dropping below 10 degrees C

Winter weather has set in with slight rain and mist along with windy conditions forecast for the weekend

Abu Dhabi launches free Hala Wi-Fi across emirate

Abu Dhabi launches free Hala Wi-Fi across emirate

The initiative is provided in collaboration with UAE service providers and offers public Wi-Fi coverage in various locations

dubai duty free

Dubai Duty Free offers up exciting promotions to mark 40 years of operations

In line with its anniversary celebrations, the retailer has announced a slew of promotional offers for travellers until December 20

electric car

Charging ahead: 63% of UAE residents want to drive EVs by 2025

The vast majority of UAE residents are keen to make the switch to electric vehicles sooner rather than later, according to a new survey.

Abu Dhabi bourse, CASE join hands to boost cooperation

Abu Dhabi bourse, CASE join hands to boost cooperation

The go-live implementation is expected to take place early next year and once operational, investors will gain the ability to directly trade on both exchanges through licenced brokers

Dubai airports

Dubai airport to serve 4.4 million passengers this festive season

Dubai International is preparing for an exceptional spike in guest numbers, with an estimated 279,000 passengers on December 22

Tabreed signs Dhs600m revolving credit facility

UAE’s Tabreed secures Dhs600m revolving credit facility

The loan will be used to finance projects and investments that adhere to the cooling firm’s green finance framework

Etihad Rail

Etihad Rail: 9 amazing facts about this growing network

The UAE’s national rail network has made great strides since the project’s inception in 2016

NEOM - UTAMO

Saudi’s Neom announces new destination for art and entertainment

Set to be built along the Gulf of Aqaba, Utamo, is crafted as an immersive destination for art and entertainment

abu dhabi road closure

Abu Dhabi: 8 hour-long road closure for ADNOC marathon on Saturday

The ITC has released details of the closure that will follow the path of the marathon

More than 250,000 subscribers sign up for unemployment scheme

Unemployment insurance: UAE gets tough with fines, work permit bans

The Ministry of Human Resources and Emiratisation says it has started fining workers who have failed to comply with the unemployment insurance system.

UAE money laundering prosecution office

UAE interest rates unchanged after US Fed announcement

The Central Bank of the UAE has said it would keep interest rates unchanged following a similar announcement by the US Federal Reserve overnight.

Dubai real estate

Dubai launches initiative to boost ease of doing business

The streamlined process contributes to bolstering Dubai’s competitiveness as a business-friendly destination

Abu Dhabi International Airport - UAE megaprojects

7 remarkable megaprojects unveiled in the UAE in 2023

These projects symbolise the UAE’s commitment to innovation, sustainability, and cultural harmony