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UAE and US non-oil trade hits $31.4bn in 2023 photo courtesy-WAM

UAE-US non-oil trade hits $31.4bn in 2023

The substantial trade volume and ongoing collaboration between the UAE and the US reflect a deep-rooted partnership built on mutual interests and shared objectives

Ramadan in the UAE

10 things to know about Ramadan etiquette in the UAE

With its rich history and traditions, Ramadan in the UAE offers a unique and culturally enlightening experience, for all

du

UAE’s du eyes fintech push with new central bank licences

Emirates Integrated Telecommunications Company PJSC (EITC), which operates du, plans to introduce digital financial solutions into the local market

hijri islamic new year

Eid Al Fitr 2024 likely date predicted by UAE astronomers

According to the latest calculations based on the Islamic astronomical calendar, the month of Ramadan is expected to be a 30-day one

UAE banks set for another year of record growth

UAE banking sector assets hit record Dhs4.1tn in 2023

Total deposits of resident and non-resident customers with UAE banks rose by 13.5 per cent YoY to reach Dhs2.5tn

Nobu Residences Abu Dhabi_Penthouse Villa Terrace

Abu Dhabi’s most expensive penthouse is sold, here’s what it cost

The unit sets a new benchmark for price per square metre at more than Dhs96,000 per square metre and is the most expensive apartment ever sold in Abu Dhabi

Israel’s NewMed says BP, ADNOC offer on hold

BP and ADNOC made their offer a year ago, with an aim to access the gas-rich areas in the Eastern Mediterranean

Take a look: Dubai’s government has a brand new logo

The Government of Dubai has unveiled a brand new logo that will be widely implemented by the emirate’s Executive Council

eVTOL firm FlyNow targets 2025 e-copter test flights in Saudi, UAE

Small e-copters carrying up to two passengers could be ferrying passengers in the UAE and Saudi Arabia in just a few years, says the CEO of FlyNow

G42, EcoCloud partner to build green data centre in Kenya

Abu Dhabi’s G42, EcoCloud partner to build green data centre in Kenya

The new facility will enhance cloud computing and artificial intelligence services to advance digital transformation in Kenya

Dubai consolidates real estate assets under Dubai Holding

Dubai consolidates Nakheel and Meydan under Dubai Holding

The deal is set to combine a complementary suite of services and expertise to diversify Dubai’s economy and maximise its competitiveness

ChatGPT

Abu Dhabi’s MGX eyes investment in OpenAI chip venture — FT

The discussions between Abu Dhabi’s MGX and OpenAI are at an early stage, according to the Financial Times

road

Abu Dhabi: ITC announces two road closures for this weekend

A partial road closure will be in place on Sheikh Khalifa Bin Zayed Al Nahyan Street in Abu Dhabi over the weekend

mohamed alabbar-eagle hills group

Mohamed Alabbar confirms participation in Budapest project

The Budapest project, expected to span one million square metres, will feature residential and commercial towers

Alpha Dhabi completes sale of 3 hotels to NCTH

IHC’s Alpha Dhabi consolidates hotel business with NCTH deal

The transaction adds St Regis Saadiyat, Al Wathba Luxury Collection and ultra-luxury Cheval Blanc in the Maldives to NCTH’s portfolio of hotel assets

Travel to MALDIVES - Tropical sunset beach background as summer landscape panorama with beach swing or hammock and white sand and calm sea beach banner. Tranquil beach scene vacation or summer holiday concept. Relaxing spa wellbeing wallpaper

Eid al Fitr holiday: International travel destinations grow in popularity

Outbound travel numbers had gone up substantially this year with international travel packages making up 60 per cent of all bookings

fireworks ramadan nights

Ramadan fireworks to light up Dubai skyline starting today: Where to watch

Visitors to Bluewaters and The Beach, JBR can watch a spectacular fireworks show, from March 15 to 17

BUDAPEST - DUBAI

‘Mini-Dubai’ being built in Budapest amid EUR5bn UAE-Hungary deal

First revealed in 2023 by Hungarian Minister Janos Lazar, the project was said to cost approximately EUR1bn, to enhance and upscale an abandoned neighbourhood in the capital

These 5 sectors dominated Dubai trade events in 2023

The Dubai World Trade Centre (DWTC) has revealed its latest facts and figures regarding how its events in 2023 performed

Dubai ALEC IPO on the cards

Parkin’s $429m IPO oversubscribed 165 times

Dubai Investment Fund sold 749,700,000 shares, equivalent to 24.99 per cent of Parkin’s paid-up capital

India cabinet approves Middle East-Europe trade corridor pact

India cabinet approves Middle East-Europe trade corridor pact

The corridor is an ambitious ship and rail network that will connect Europe with India through the UAE, Saudi Arabia, Jordan and Israel

Almas Tower in DMCC. DMCC is home to over 24,000 companies

Dubai’s DMCC now home to over 24,000 companies, reveals report

The free zone authority shared that a total of 2,692 new companies joined DMCC last year

Dubai’s IPO haul hits Dhs34.5bn in three years

Dubai’s IPO haul hits Dhs34.5bn in three years

The emirate’s continued listing activity is being driven by the implementation of various initiatives such as the IPO accelerator programme

road

4 areas in Dubai where RTA roadwork upgrades are complete

About 18 km of roadworks, as well as the installation of lighting poles along 17 km of existing streets has been completed in Dubai’s Margham, Lehbab, Al Lesaili, and Hatta

Nouran Living by Aldar launches in Abu Dhabi Image: Aldar

Community takes centre stage at Aldar’s new Nouran Living

Construction on Nouran Living is set to begin in Q4 this year, with handovers expected in Q4 2027

DIFC enacts comprehensive digital assets law Image-DIFC

Dubai’s DIFC enacts world’s first comprehensive digital assets law

The new legislation came into effect on March 8 and is available for public access through the DIFC’s Legislative Database

Dubai diamond trade in 2023 Image Getty Images

Dubai diamond trade value dazzles at $38.3bn in 2023

The UAE remains largest trade hub for rough diamonds, with $21.3bn-worth of rough diamonds traded in 2023

Abu Dhabi AI group G42 unveils new AI tool BoardNavigator

How Abu Dhabi’s G42 is bringing AI to the boardroom

BoardNavigator will be able to analyse large proprietary and public data sets to support board members in decision-making processes

Eid al Fitr

When is Eid al Fitr 2024? Here’s how it could be a 9-day long holiday

The official Eid date depends on the spotting of the moon closer to the end of the month of Ramadan

Parkin raises share size allocated to UAE retail investors

Parkin IPO: UAE retail offering increased on strong demand

The company increased the allocation of retail investor shares to 89,964,000 ordinary shares from 74,970,000 ordinary shares