Home next GCC next UAE

UAE

Abu Dhabi

Abu Dhabi private sector sees robust growth, value hits Dhs338.9bn in 2023

The sector’s ongoing contributions to Abu Dhabi’s GDP were shared by ADDED and ADIO at the second edition of their Al Multaqa meeting held recently

parkin

Eid al Fitr 2024: Free parking dates announced for Dubai and Sharjah

The RTA notification said that free parking hours will be in effect from Ramadan 29 until Shawwal 3

UAE

UAE jumps 10 places in global FDI confidence index

Developed markets dominate the top 25, but emerging markets like the UAE and Saudi Arabia witness significant rises

Egypt

UAE deal bolsters Egypt’s foreign reserves in March

Egypt received the initial $5bn payment from the UAE in its $24bn deal at Ras El Hekma peninsula west of Alexandria

SCA declares Eid Al Fitr holidays for UAE financial markets Image WAM

Eid Al Fitr 2024: SCA announces holiday dates for UAE financial markets

The Eid Al Fitr holiday will start on Monday, April 8, 2024 (Ramadan 29, 1445 AH)

oil

Brent settles above $90 for first time since October

Investors will look to economic data and monetary policy for potential clues on the outlook for oil demand

Dubai Metro red line timetable tweaked to ensure seamless travel for commuters RTA Image WAM

Dubai Metro: Timetable upgrade at Red Line Y junction to ensure direct travel

Dubai Metro trains will operate alternately, ensuring journeys from Centrepoint directly to UAE Exchange and Expo 2020 Stations without the need to switch trains at Jabal Ali Station

BlackBerry cyber

BlackBerry reports profit on demand for cybersecurity services

BlackBerry expects first-quarter revenue in the range of $130m to $138m, below analysts’ estimate of $151.12m.

Easylease acquires 60 per cent of United trans

IHC’s EasyLease acquires 60% stake in United Trans, expands interest in mobility sector

By combining their expertise, EasyLease and United Trans aim to deliver a wider range of enhanced mobility solutions to customers across the GCC and MENA regions

Brent oil price forecast Bloomberg GettyImages-1384536093

OPEC+ gets oil price to its sweet spot, the trick is keeping it there: Insight

While Asia’s crude demand is robust, the same can’t be said for its refinery margins, which have been squeezed by higher oil prices

Gold bars

Gold continues record rally after US Fed comments

Bullion has hit record highs in each session for over a week over data from the US economy

Aster DM Healthcare

Aster DM Healthcare separates GCC, India business, sells stake to Fajr Capital

It is a major healthcare services provider in the GCC, comprising 15 hospitals, 117 clinics, and 285 pharmacies across the region and three brands

Travel tips from an expert - visa-free

Eid al Fitr holiday travel: Visa-free destinations for UAE residents

At the onset of 2024, Skyscanner witnessed record travel demand, outperforming the global flights market and emerging as the fastest-growing metasearch platform in 2023

ADNOC-OIL-Pipelines - LUNATE

BlackRock, KKR sell ADNOC oil pipeline stake to Lunate

BlackRock and KKR bought the stake for $4bn in 2019 in a landmark deal

Ramadan - food

Ramadan reflections: Crafting a sustainable future by reducing food wastage

Hospitality, especially during Ramadan, needs to reflect a conscious move away from overindulgence to crafting a sustainable future through reducing food wastage

UAE’s Jubail Island Investment Company unveils $1.09bn beachfront community in Abu Dhabi

Owned by JIIC, Jubail Island is set to become a premier residential destination, housing six residential villages amidst the rich biodiversity of the mangroves

UAE WEATHER - RAIN - FLEXIBLE WORK - REMOTE LEARNING

Rain alert: NCM forecasts light showers across UAE

There is a likelihood of light rain, on Wednesday and Thursday, particularly in the western and coastal regions of the country.

ADQ launches Arcera

Abu Dhabi’s ADQ launches Arcera to boost life sciences sector

Arcera plans to double its revenue within five years through strategic acquisitions and partnerships

Etihad launches flights to boston(web size)

Abu Dhabi’s Etihad Airways debuts flights to Boston

Boston joins Chicago, New York and Washington as Etihad’s fourth destination in the US

DUBAI SCHOOLS EID AL FITR BREAK: Winter break - Image-courtesy-KHDA

Dubai private schools and universities to close for Eid Al Fitr holidays

Regular classes are scheduled to resume from Monday, April 15, marking the end of the Eid Al Fitr holiday period

Truck-WAM

New truck movement timings on Sheikh Mohammed bin Zayed Road: RTA

These measures are aimed at reducing congestion during peak traffic hours, particularly along this critical artery connecting Dubai to Sharjah

UAE

Eid al Fitr 2024 holiday dates announced for private sector in UAE

MOHRE has announced the Eid al Fitr break will be from Ramadan 29 to Shawwal 3, according to the Islamic calendar, for private sector employees

CBUAE

CBUAE quarterly review: UAE economy to grow by 4.2% this year

The Central Bank’s report underscores the UAE’s resilience and positive economic trajectory, fueled by strong performance across various sectors

Sizewell C nuclear energy plant

UAE signals interest in European nuclear energy investments: Reports

According to reports, ENEC, owned by Abu Dhabi’s ADQ, has been holding talks to invest in the UK

Abu Dhabi

Abu Dhabi’s non-oil GDP expands over 9% in 2023

The emirate’s GDP in 2023, reached Dhs1.14tn, marking its best performance in ten years

Emirates Residences

Emirates’ 2024 April Fool’s: 380-story tower with private airport

The combination of Emirates’ brand and quality to a new development pushes the boundaries of branded real estate in the UAE

UAE free zone corporate tax - OECD

UAE announces new Corporate Tax registration deadlines: What businesses need to know

Failure to comply with the tax deadlines could result in hefty fines

Tourism

Abu Dhabi’s ambitious 2030 tourism strategy: GDP contribution at $90bn, over 178,000 jobs

The Tourism Strategy 2030 reflects Abu Dhabi’s vision to transform its social and economic landscape

Oil hovers near 3-week high on Middle East tensions

Oil rises as investors bet on tighter supply

Europe’s firm demand, softness in US supply growth coupled with a possible extension of OPEC+ cuts through 2024 outweigh downside risk from persistent softness in China’s demand

Dubai: RTA identifies 16 bus stations, depots for upgrades

Dubai: RTA identifies 16 bus stations, depots for upgrades

Six bus depots at Al Khawaneej, Al Qusais, Al Ruwyyah, Al Aweer, Jebel Ali, and Al Quoz will undergo improvements as part of the project