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Dubai ruler imposes 20% tax on foreign banks

Sheikh Mohammed issues law imposing 20% tax on foreign banks in Dubai

Foreign banks that violate the law face a stiff penalty of not more than Dhs500,000

UAE - WEATHER - RAIN-NCEMA

UAE: NCEMA warns of severe weather event, announces road closures

Authorities have warned of a severe weather event impacting certain parts of the UAE in the coming days

UAE WEATHER

UAE wet weather alert: NCEMA to hold media briefing

Oncoming rainy conditions are forecast for most parts of the UAE

What's On

Industry heavyweights shine bright at the What’s On Dubai Awards 2024

The ceremony was an extra celebration that saw What’s On and Motivate Media Group mark 45 monumental years

UAE - SPACE - NASA

Mission-ready: UAE astronauts complete NASA training

The NASA programme further expanded astronauts’ skill set to cover critical areas such as spacewalking, robotics and piloting the T-38 training jet

ADGM’s assets under management rose by 35% in 2023

ADGM says assets under management rose by 35% in 2023

A total of 102 asset managers, comprising investment firms and hedge funds, who manage 141 funds have set up shop in Abu Dhabi

EMIRATES - Sir Tim Clark is backing Boeing-Spirit merger

Sir Tim Clark backs Boeing-Spirit merger amid factory crisis

Emirates Airline President said Boeing should address its quality problems as quickly as possible with the undiluted attention of its board and top management

New Dubai football stadiums design render Image WAM

Dubai unveils designs for two new 20,000-seater stadiums

The designs of both sporting facilities prioritise sustainability and smart city integration

Uptown Dubai JLT DMCC launches sustainability hub Image Dubai Media Office

DMCC unveils new hub to power ESG impact

The new ecosystem will pioneer environmental, social, and governance (ESG) best practices among DMCC’s member base of over 24,000 companies

UAE cuts visa process from 30 days to five

UAE unveils platform to expedite work, residency visa process

The first phase of the initiative will be implemented in Dubai and will be gradually expanded to other emirates

Etihad Rail and ADNOC to launch passenger train service in Abu Dhabi Image courtesy Etihad Rail

Sharjah to connect to Etihad Rail network with new station

The Sharjah passenger station will be strategically located near Sharjah University City

Etihad

Etihad readying for possible IPO reveals CEO Antonoaldo Neves

Etihad will publish a 2023 annual report by mid-April for the first time, including details of pandemic-related government support

5.5G

The reality of 5.5G technology: A game-changer in telecommunications

Huawei and Du signed a Memorandum of Understanding (MoU) to boost 5G-Advanced (5G-A) technology in the UAE

Etihad Airways carries 14 million passengers in 2023

Etihad Airways witnesses 40% yearly surge in passenger traffic

The airline reported a 2023 net profit of Dhs525m and a previously unreported 2022 net profit of Dhs92m

RED SEA - YEMEN COAST - MAERSK

Tesla to Qatar Energy: How companies are responding to Red Sea tensions

From impacting the cost of freight to the cost of energy, tensions in the Red Sea are having a direct impact on global trade

How ADNOC generated $500m in extra value from AI solutions

How ADNOC generated $500m in extra value from AI solutions

The oil firm’s use of AI technologies abated up to one million tonnes of carbon dioxide emissions between 2022 and 2023

Instagram , Facebook - META -AI

Facebook, Instagram down for thousands in the UAE

The tracker’s UAE website showed over three thousand reports for Instagram and over six thousand reports for Facebook

RTA has inaugurated a new signalised junction at Al Majasimi intersection and Al Wasl Road, situated between Umm Suqeim Street and Al Thanya Street. Image RTA X

Dubai: Al Majasimi-Al Wasl Road upgrade to ease traffic

The widening of Al Majasimi Street from one lane to two lanes in each direction has doubled the road’s capacity to accommodate 1,200 to 2,400 cars both ways per hour

Emaar’s Dubai Mall welcomes 105 million visitors in 2023

Dubai Mall becomes most visited place in 2023, with 105 million visitors

The latest figures from Emaar Malls shows that a record 20 million people visited the mall in the first two months of this year alone

World gold council and DMCC sign agreement to advance UAE's gold sector Image Getty Images

World Gold Council, DMCC tie-up brightens UAE’s status as key hub

The partnership coincides with the official opening of WGC’s new office in Dubai, establishing its regional headquarters for the Middle East

Aramex rolls out e-bikes, electrifies last mile delivery Image supplied

UAE: Aramex electrifies last-mile delivery with new e-bike fleet

The move comes after Aramex successfully launched electric vans in the UAE last year and Jordan in 2017

Dubai’s Parkin seeks to raise up to $429m from IPO

Dubai’s Parkin sets IPO price range of up to Dhs2.1 per share

The company will offer around 25 per cent stake, in the emirate’s first privatisation deal this year, giving it an overall valuation of up to Dhs6.3bn

UAE RAIN

Heavy rains to lash UAE: NCM weather forecast

The weather authority cautioned motorists to venture out only if necessary during wet weather as well as follow safety practices

Italy Trade Commissioner

Italian Trade Commissioner on why the UAE loves ‘Made in Italy’

Highlighting the positive trends in the market, Soldani underscores the opportunities for trade and cooperation between the two countries

e& allots $6bn to boost connectivity in 16 markets

UAE’s e& to invest $6bn to advance connectivity in 16 countries

The group is set to reinvest in building networks of the future to accelerate technology adoption and increase fibre penetration and fast mobile network speeds

Ramadan working hours

Private sector working hours announced for Ramadan 2024

According to the notification, working hours for the private sector have been curtailed by two hours on a daily basis

UAE

Ramadan 2024: UAE announces reduced working hours for the holy month

According to the government circular, ministries and federal entities will adhere to a specific schedule during Ramadan

Hedge fund. - Sanjay Shah

British trader gets 8 years in prison in Sanjay Shah’s Danish tax fraud case

The case sets the stage for the upcoming trial of British hedge fund trader Sanjay Shah, the main suspect in the “cum-ex” trading scheme

Oil hovers near 3-week high on Middle East tensions

OPEC+ producers extend oil output cuts to second quarter

The oil demand outlook is uncertain for this year but OPEC expects another year of relatively strong demand growth of 2.25 million bpd

Etihad Rail and ADNOC to launch passenger train service in Abu Dhabi Image courtesy Etihad Rail

PHOTOS: Taking a ride on Etihad Rail with top UAE officials

Take a look at an Etihad Rail train trip from Abu Dhabi to Dubai that included the CEO of Etihad Rail, Shadi Malak, along with Major General Sheikh Ahmed bin Tahnoun Al Nahyan.