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Saudi Arabia, UAE confirm the first day of Eid Al Fitr

The crescent Moon that signals the end of the holy month of Ramadan was spotted in the kingdom and the UAE on Thursday

EDB, Emirates Islamic partnership

Emirates Development Bank, Emirates Islamic partner to support SMEs

The Islamic lender is the 11th commercial bank to join EDB’s credit guarantee scheme platform

Ray Dalio, hedge fund billionaire, opens family office in Abu Dhabi

Ray Dalio set to open branch of family office in Abu Dhabi

The Dalio Family Office helps handle the billionaire’s private investments as well as his philanthropic donations

Mubadala co-leads funding round.

Abu Dhabi’s Mubadala co-leads Hasten Biopharma’s $315m funding round

The firm plans to use the proceeds to fund acquisitions and business development of innovative assets in the pipeline

Dubai Islamic Bank branch

Dubai Islamic Bank posts 12% surge in quarterly profit on higher revenue

The bank’s balance sheet expanded by 1.3 per cent YTD to Dhs292bn while customer deposits settled at Dhs198bn

UAE Dr. Thani bin Ahmed Al Zeyoudi.

UAE, South Africa seek to boost trade ties in energy, tourism

The country is the UAE’s second-largest trading partner in Africa, accounting for 8 per cent of total non-oil trade with the continent

Dubai real estate

Here’s how much Dubai’s real estate sector recorded in Q1 2023

The sector maintained its high growth momentum recording 38,700 transactions

Abu Dhabi parking free

Free public parking in Abu Dhabi for Eid Al Fitr holiday

The transport authority urged drivers to avoid parking in prohibited areas and blocking traffic movement

M42 acquires Diaverum

M42 acquires Bridgepoint’s dialysis firm Diaverum

The acquisition will significantly expand its global footprint, enabling the company to deliver relevant healthcare services and healthtech solutions

Emaar Properties dividendsEmaar Properties dividends

Emaar Properties approves dividends equal to 25% of share capital

The property developer plans to continue making healthy investments in its workforce while attracting top global talent to foster more inclusive growth

Empower modernise JBR plant

Empower to invest $27.8m to upgrade JBR cooling plant

The upgrade will contribute to achieving savings in energy, increasing efficiency and significantly reducing carbon emissions

Free parking

Dubai announces free parking during Eid Al Fitr 2023

The Roads and Transport Authority has also announced the hours of operation of its services and revised timings for public transport operations

Ramadan - food

Meals to make Eid Al Fitr truly festive

Treat your loved ones to unique gourmet experiences this Eid

Diversity

Embracing diversity, equity and inclusion: A must for every organisation in today’s world

Various studies confirm that companies that are diverse, equitable and inclusive are more creative, better able to respond to challenges, attract and retain talent

TAQA power generation

Abu Dhabi’s TAQA sells $1.5bn in dual-tranche bonds

Proceeds from the five-year tranche will be used for general corporate purposes while the 10-year green bond will be used to finance projects as set out in the framework

ADCB Group Q1 2023 results

ADCB’s Q1 2023 profit surges to $509m on higher net interest

The bank’s net interest income rose by 33 per cent to Dhs2.85bn while non-interest income surged by 34 per cent to reach Dhs1.06bn

Mubadala and G42 launch of M42

Abu Dhabi’s Mubadala, G42 launch tech-enabled healthcare firm

The merged entity is expected to transform the way care is delivered while bridging the gap between the latest healthtech advancements and the clinical outcomes patients receive

AZADEA Group opens 23 new stores in Abu Dhabi’s Reem Mall

AZADEA Group expands footprint with 23 new stores in Abu Dhabi

The lifestyle retailer said the expansion will give visitors to Reem Mall a wider selection of top brands to pick from, including 10 franchises debuting in the city for the first time

UAE

Eid Al Fitr 2023 likely to start on April 22 in UAE

The Eid Al Fitr holiday begins at the end of Ramadan and UAE residents are looking forward to a four or five-day weekend this year

Mubadala to invest in Brazil

Mubadala commits to invest $2.5bn in clean fuel in Brazil

The investment will be made through the company’s Acelen unit in Brazil and the company expects to start production in the first quarter of 2026

Dubai and Cruise Chevy Bolt

Dubai issues law regulating autonomous vehicles

The city aims to deploy 4,000 autonomous vehicles by 2030 and the rollout is expected to alleviate traffic congestion and cut harmful emissions

Golden Visa: Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum

Dubai to issue Golden Visas to imams, muezzins and muftis

The latest inclusion was made in recognition of eligible candidates’ efforts and societal role in promoting positive values and morals

UAE and Brazil Presidents

UAE President receives President Lula of Brazil

The UAE is one of Brazil’s largest trading partners and President Lula’s visit is expected to boost bilateral relations between the two countries

Dubai property market Morgan Stanley

Morgan Stanley sees cash buyers and Chinese buoying Dubai property

Demand for Dubai real estate is booming after the government’s handling of the pandemic and its liberal visa policies attracted more foreign buyers

Dubai luxury properties

Dubai: Meeting the demand for luxury real estate

The city remains a lucrative luxury property market, where proactive government policy are fuelling demand from buyers and investors alike

Air Canada Boeing B787-9 Dreamliner

Air Canada to connect Vancouver-Dubai with Boeing 787

The carrier will use Boeing 787 Dreamliner aircraft on Vancouver and Dubai flights, which features three cabins services

UAE central bank

UAE banks record Dhs245.5bn in saving deposits by January-end

The central bank said saving deposits in the banking system have increased in recent years, from Dhs152bn in 2018 to Dhs241.8bn in 2021

Mashreq & WorldGBC

Mashreq bolsters sustainability goals by joining World GBC

The collaboration with WorldGBC offers the bank a platform to strengthen its net zero commitments

Etihad Airways Business Class (Image: Supplied by Etihad)

Etihad debuts unlimited and free inflight social media messaging access

Additionally, it will offer unlimited internet data packages on its widebody aircraft for a flat fee

ADNOC Drilling platform

ADNOC Drilling secures $412m contract to develop Upper Zakum oilfield

The contract will enable the efficient delivery of completion services at Upper Zakum field and adds 20 per cent to annual revenue compared with 2022