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UAE President to begin state visit to US on Sept 23

UAE President to begin state visit to US on Sept 23

The UAE-US relationship, which spans more than five decades, is marked by robust economic ties, with bilateral trade reaching $31.4bn in 2023

Rorix Holdings, Adani Ports ink MoU, target commodities market ecosystem

Rorix Holdings, Adani Ports ink MoU, target commodities market ecosystem

The partnership aims to enhance transparency, efficiency and security within the commodities market, benefitting stakeholders across the globe

AD Ports Group refinances $Dhs2.5bn debt -Image-WAM

AD Ports Group refinances $2.25bn debt, cuts borrowing costs

The new facilities will give the group the flexibility to time its return to the debt capital markets in line with its stated strategy to utilise bonds as the predominant long-term funding vehicle

Karim Maksoud MD of Al Habtoor Motors on EV trends and the JAC's latest offering

Al Habtoor Motors’ MD discusses EVs, JAC e30X and sustainable mobility

Karim Maksoud, managing director of Al Habtoor Motors, shares insights into the future of electric vehicles in the UAE

Dubai's first female land rescue team image courtesy WAM

Introducing UAE’s first female land rescue team

Dubai Police’s female land rescue team consists of 18 non-commissioned officers

Polus Capital Management wins ADIA investment

Polus Capital Management secures ADIA investment

The investment follows the US Federal Reserve’s first interest rate cut in four years, which is expected to boost companies with balance sheet concerns

Botim Transforms Remittances with MENA’s First-Ever 'Send Now, Pay Later' Service

Botim unveils region’s first ‘Send Now, Pay Later’ remittance service

Catering primarily to the UAE’s large expatriate population, the SNPL feature offers financial flexibility, allowing users to send money abroad and pay in installments

PJT Partners to acquire Dubai-based deNovo Partners

US investment bank PJT Partners to acquire Dubai-based deNovo Partners

The deal will help PJT Partners expand its presence in the Middle East, giving it access to a diverse client base

Abu Dhabi’s Mubadala, Aldar deepen ties with Dhs30bn JVs

Abu Dhabi’s Mubadala, Aldar deepen ties with Dhs30bn JVs

The deal seeks to unlock greater value for both parties and boost Abu Dhabi’s global appeal

Arab businesswoman giving presentation to coworkers in office

Women must be on boards of private joint-stock firms, UAE announces

Starting from January next year, at least one seat must be allocated for women after the end of term of the current boards

UAE central bank’s foreign assets up 2% in February

UAE slashes interest rates by 0.5% after US Fed decision

The Central Bank of the UAE (CBUAE) said it has reduced the base rate applicable to the overnight deposit facility (ODF) by 50 basis points, from 5.40 to 4.90 percent

DP World, Nedbank partner to finance Africa trade

DP World partners with Nedbank to finance more Africa trade

Trade finance solutions will enable businesses to move their goods faster and improve their working capital while enabling the flow of trade

Japan, UAE to enter economic partnership talks

Japan, UAE to enter economic partnership talks

The two countries agreed last year to cooperate on technology and climate change, including investments in the chip and battery sectors

MGX, Microsoft, BlackRock team up to launch $30bn AI fund

Abu Dhabi’s MGX, Microsoft, BlackRock partner to launch $30bn AI fund

The infrastructure investments will be chiefly in the US and the remainder in its partner countries

Microsoft Surface Pro 11: AI-driven performance

The Surface Pro 11 sets a new standard for versatility and performance in the hybrid-tablet/laptop market

TAQA signs contract for Dhs150m wastewater project

TAQA launches Dhs150m wastewater project in Al Bahia, Al Sadr

The project will include the construction of a 9.5-kilometre gravity-driven wastewater pipeline and the decommissioning of several pumping stations

UAE banking sector's liquid assets surpass Dhs800bn in Q2 2024

UAE banking sector’s liquid assets exceed Dhs800bn in Q2 2024

On a quarter-on-quarter basis, liquid assets rose by 2  per cent, or Dhs14.9bn, compared to Dhs786.6bn at the end of Q1 2023

Dubai ranks among top 5 in global shipping index for 5th consecutive year

Dubai ranks among top 5 in global shipping index for fifth year

Dubai is the only Arab city among the top 20 listed in the 2024 International Shipping Centre Development Index

Idris-Elba-UAE-campaign - Invest in the Emirates

UAE unveils ‘Invest in the Emirates’ campaign, fronted by Idris Elba

The campaign showcases the UAE’s strengths, such as its tax-free business environment, and strong government backing for entrepreneurship

UAE’s G42, Microsoft to build two data centres in Abu Dhabi

UAE’s G42, Microsoft to build two AI centres in Abu Dhabi

The first centre will develop and advance best practices and industry standards for the responsible use of AI in the Middle East and the Global South

Etihad Airways sees rise in pax traffic in August

Abu Dhabi’s Etihad transports 12 million passengers in 8 months

Etihad’s operating fleet rose to 95 from 79 in the same period last year

Orascom - El Gouna

Orascom’s success story: A model for Egypt’s economic resurgence

From Egypt’s serene beaches to Switzerland’s snow-capped peaks, Orascom’s success lies in its ability to create spaces where people can truly live well

Abu Dhabi launches new taxi booking service with Yango

Abu Dhabi launches taxi booking service with Yango

The service is designed to connect passengers with a range of vehicles through the Yango mobile app, which offers real-time geolocation to facilitate faster ride bookings

UAE, Australia reach trade deal to boost exports, investment

UAE, Australia reach trade deal to boost exports, investment

The trade pact will remove tariffs on about 99 per cent of Australian products, resulting in savings of $91m (AUD135m) in the first year

MySyara partners with Mobil, launches UAE's first cloud garage network

MySyara partners with Mobil, launches UAE’s first cloud garage network

The company aims to set up a network of 20 cloud garages across UAE by the end of 2025

Meraas awards Dhs850m contract for Bvlgari Lighthouse construction

Meraas awards Dhs850m construction contract for Bvlgari Lighthouse

Scheduled for completion in Q2 2027, the Bvlgari Lighthouse will offer uninterrupted views of the Arabian Gulf and Dubai’s iconic skyline

Air Arabia Abu Dhabi, Morafiq partner to offer home check-in service

Air Arabia Abu Dhabi introduces home check-in service

The service can be scheduled from 24 hours to five hours before a flight’s departure

Emirates NBD launches zero-fee UAE equity trading

Emirates NBD launches zero-fee UAE equity trading

The move is part of the bank’s broader strategy to support the growth of domestic stocks and drive economic expansion in the UAE

Image credit: GITEX GLOBAL

GITEX GLOBAL 2024: Two mega venues, one massive tech event

The world’s largest technology exhibition, GITEX GLOBAL, returns for its 44th edition, bringing together tech innovators, start-ups, and investors from across the globe

Switch Foods

How Switch Foods is redefining plant-based eating in the UAE

Switch Foods is transforming the plant-based industry with innovative products, local production, and a commitment to healthier, more sustainable food choices