Home next GCC next UAE

UAE

Naming rights for Emarat fuel stations up for grabs in UAE

Brands can now secure naming rights to Emarat fuel service stations across the UAE

UAE WEATHER

Thunderstorms, heavy rain to impact UAE from Monday

The UAE’s NCM has warned of rainfall, lightning and thunder expected on Monday and Tuesday across various parts of the Emirates

Geopolitical tensions to complicate WTO deal-making in Abu Dhabi

4 key outcomes from WTO negotiations in Abu Dhabi

Talks ended at the WTO Abu Dhabi meeting after five days of negotiations which didn’t see breakthroughs on key topics

ADNOC closes acquisition of 24.9% stake in OMV

ADNOC buys 25% stake in 68-year-old Austrian chemical group

The company said it intends to nominate two representatives to the OMV supervisory board

Dubai E-scooters

E-scooters banned on Dubai metro but foldable bicycles still allowed

Dubai’s Roads and Transport Authority (RTA) will ban the use of e-scooters inside the city’s metro and tram system as of today, 1 March 2024.

Masdar takes 49% stake in British offshore wind farm

UAE’s Masdar acquires 49% stake in British offshore wind farm

Construction of the mega-facility could start in late 2025, with the first 800 megawatts (MW) of electricity expected to come online by 2029

WTO

Tough negotiations at WTO meet amid digital trade impasse

The scheduled announcement of a final agreement after four days of intergovernmental talks between the WTO’s 164 members was pushed back for a fifth day until 2pm on Friday in Abu Dhabi

Sir Tim Clark warns: Boeing under intense pressure amid incidents

At an event in London, Sir Tim Clark warned that Boeing management is under “really acute” pressure to turn things around

From the 146th floor to the racing track: AIX’s drive to elevate impact

AIX has become one of the big-name investment advisory firms here where GCC and global investors turn to invest their wealth

UAE announces fuel prices for March 2024

UAE hikes petrol, diesel prices for March 2024

The fuel price committee increased the retail rates for Super 98, Special 95, and E-Plus 91 by as much as 16 fils per litre in March

Meet Rizwan Sajan: Danube’s famous 1% Man

As a real estate mogul, Sajan continues to shape the skyline of Dubai, contributing to the city’s growth and development

FAB targets Dhs300 million in revenue from China by 2026

Abu Dhabi’s FAB to triple revenue from China operations by 2026

The bank opened its fully licenced branch in mainland China in 2022 and grew its business there by 50 per cent in 2023

Abu Dhabi’s Mubadala to invest in space tech, AI this year

Mubadala plans to invest in space tech, AI this year

Khaldoon Mubarak told an investor conference that sovereign funds had an opportunity to transform from asset investors to enablers of global progress

ZEPHYR-AALTO

This solar-powered, stratospheric Zephyr can replace 250 mobile towers

In an exclusive interview at Mobile World Congress 2024 in Barcelona, Samer Halawi provides a glimpse into the transformative potential of delpoying Zephyr

DIB reports profit of 2.7 bn in h1 2022

DIB raises $1bn for ESG projects with 3rd sustainable sukuk

The sukuk marks the lowest-ever credit spread achieved by DIB and the largest sustainable issuance by a regional financial institution in nearly a year

Q Holding to rebrand as Modon Holding after $12bn merger

Abu Dhabi’s Q Holding to rebrand as Modon Holding after $12bn merger

ADQ and IHC Capital will own a respective 38.7 per cent and 19.4 per cent of the entire issued share capital of the merged entity

UAE unveils Dhs10,000 fine for late corporate tax registration

Stiff Dhs10,000 fine announced for UAE corporate tax dodgers

The penalty was implemented to prompt taxpayer compliance with tax laws through timely corporate tax registration

Dubai Taxi Company announces fleet expansion Image supplied

Dubai Taxi doubles airport fleet, adds new taxis in expansion drive

The company reported a 100 per cent growth in its airport taxi fleet, adding 350 environmentally friendly vehicles

UAE set to announce fuel prices for September soon

UAE motorists face higher fuel prices for March

Will the UAE’s fuel price committee hike or cut rates for petrol and diesel today? Keep posted here to find out as we break the news

The new McLaren Artura Spider

Supercar sensation: Introducing the McLaren Artura Spider

The new Artura Spider is McLaren’s first-ever high-performance hybrid convertible

Abu Dhabi’s IHC appoints AI-powered observer to its board

Meet GCC’s first AI-powered board member: IHC’s ‘Aiden Insight’

‘Aiden Insight’ will attend IHC board meetings as a non-voting observer, offering real-time insights to inform discussions and guide decisions

REVEALED: Dubai neighbourhoods with the highest rent increases

For residents of Dubai’s Damac Hills, Dubailand and Al Barsha the rental increases were particularly severe, according to the 2023 Annual Property Rental Market Report released by online marketplace dubizzle

UAE

UAE’s property market shows no sign of cooling off, says CBRE

The average residential prices in Dubai surged by 20.1 per cent in the year to December, with apartment prices rising by 19.8 per cent

PHOTOS: Flying with UAE cloud seeding pilots

The UAE has five specialised aircraft for cloud seeding operations and it also has a factory to produce high-quality flares in the region

UAE oman - rain - wet weather

UAE weather: NCM forecasts cloudy skies, rainfall from Feb 28-March 1

Light to moderate rainfall in general and heavy at times is expected in the Northern, Eastern and Southern regions of the country

parkin

It’s official: Parkin will be UAE’s first IPO of 2024

Parkin — spun out of the Dubai Roads and Transport Authority (RTA) late last year — is set to float 24.99 per cent of its shares

UAE to announce petrol prices for March soon

UAE to announce petrol prices for March: will rates increase?

The fuel price committee increased the retail rates for Super 98, Special 95, and E-Plus 91 by as much as 6 fils per litre in February

Rizwan Sajan.

Rizwan Sajan: From Dubai’s 1% Man to 101 levels

Rizwan Sajan, the founder and chairman of Danube Group, is famous for being the “1 per cent man in Dubai”, but he’s reaching fresh heights with his company’s latest tower project

DIFC’s five-year innovation strategy for financial services

UAE’s great grey list escape: A ‘gradual thaw rather than instant spring’

The grey-list exit will increase the international community’s confidence in the country’s financial services sector

Dubai Creek

14-month Dubai Creek upgrade to fix 50-year-old damage

Over 13,000 ships traverse the Dubai Creek annually and the improvements are targeted at ensuring their safe docking in the area