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UAE

Emirates bets on vertical farming with Bustanica deal

Emirates Flight Catering fully acquires indoor vertical farm Bustanica

The deal makes Bustanica a fully UAE-owned company as it looks to leverage its local expertise to meet the market’s growing demands

UAE entrepreneurs put family first, reveals HSBC survey

It’s clear from a recent HSBC report that UAE entrepreneurs rank highly in terms of family playing a major role in their business lives

Funding for green-hydrogen plant - sustainable

UAE, Germany’s Baden-Württemberg forge green partnership for sustainable industry growth

Key areas of collaboration include AI, smart manufacturing, smart health, and aerospace

WOW resorts

These developers are bringing the ‘WOW’ factor to Ras Al Khaimah

The development, which has an estimated value of Dhs4.8bn, will be ready for handover by 2026

Fly Jinnah - Sharjah

Fly Jinnah, Air Arabia JV’s first international flight lands in Sharjah from Islamabad

Established just over 15 months ago in October 2022, Fly Jinnah currently operates domestic flights across five cities in Pakistan

Dubai registers 1.92 million daily commuters in 2023

Dubai: 1.92 million people used public transport daily in 2023

The Dubai Metro was the most popular mode of transport, serving 260 million riders in 2023

DXB passeger traffic hits-87 million -Image-Dubai-Airports

DXB sees passenger traffic soar in 2023, welcomes 86.9 million travellers

DXB is poised for continued growth in 2024, with initial forecasts anticipating 88.8 million guests

UAE’s non-oil trade hits record Dhs3.5tn in 2023

UAE non-oil trade expands to record Dhs3.5tn in 2023

The country has initiated a raft of bilateral trade, investment and cooperation deals with several fast-growing economies

How Abu Dhabi became the GCC’s poster child of smart cities

How Abu Dhabi became the GCC’s poster child of smart cities

The emirate recently signed an agreement with China’s Shenzhen to collaborate on pioneering smart city projects

Geopolitical tensions to complicate WTO deal-making in Abu Dhabi

How geopolitical tensions will complicate WTO deal-making ahead of Abu Dhabi meeting

Trade ministers will gather for a meeting in Abu Dhabi from February 26 to 29, where they will try to broker global trade agreements

Americana Restaurants on MSCI UAE Index

Fast food operator Americana knocked by ME tensions

Americana is the regional franchisee for brands such as KFC, Hardee’s, and Pizza Hut

Damac

DAMAC launches jewellery inspired Sapphire tower in Downtown Dubai

The Sapphire offers views of Dubai Canal, Sheikh Zayed Road, and the Arabian Sea

How the UAE is fostering fintech innovation

How the UAE is cementing its fintech hub status

Jason Hughes, senior executive officer of eToro Middle East tells us that Abu Dhabi offers a supportive business ecosystem and a fertile investment landscape that drives growth

eid al fitr 2024 - solar eclipse - moon sighting

Eid Al Fitr 2024 to coincide with solar eclipse? An astronomer predicts so

This eclipse is predicted to coincide with the new moon at the end of Ramadan

One of Dubai's most exclusive mansions is up for sale, it can be yours for... Image B1 Properties

One of Dubai’s most exclusive mansions is up for sale, it can be yours for…

The house is crafted with custom high-end materials, the interior showcases exclusive brands including Hermès, Baccarat THG Paris and Fantini Italy

RTA and Etihad rail sign MoU for ticketing solutions using nol card Image WAM

Landmark deal will see nol cards used to buy tickets on Etihad Rail

The agreement between RTA and Etihad Rail is a significant step to introduce ticket reservation and payment systems, which will be available to Etihad Rail’s passengers across the UAE

DIFC company registrations surge by 34% in 2023

DIFC says company registrations rose by 34% in 2023

The financial hub said 1,451 new companies commenced operations in the centre last year, the highest number of new registrations in 20 years

Bay Views by RAK Properties Image: Supplied

RAK Properties’ Sameh Muhtadi on why Ras Al Khaimah is a magnet for investors

With its strategic location, favourable business environment and diverse investment sectors, RAK offers compelling advantages for investors seeking to maximise their returns, says RAK Properties CEO Muhtadi

real estate ads

Real estate agents be warned: Deadline against ‘fake’ ads fast approaching

A ‘fake’ ad is described as one where the real estate listing shows a property available on a portal or website but in reality, is either sold or rented out

Why ADNOC is teaming up with BP for Egypt gas venture

Here’s why ADNOC is teaming up with BP for Egypt gas venture

The deal, which is subject to regulatory approvals, is likely to be completed in the second half of this year

Dubai prime

Why you should invest in Dubai’s real estate: 11 advantages

As global markets navigate economic uncertainty, Dubai’s growing real estate market is proving to be a safe haven in times of turbulence

Dubai among top cities to see high growth in prime residential property in 2024

Here’s why Dubai prime properties will continue to see high returns in 2024: Savills

Dubai led prime residential capital value growth, increasing 17.4 per cent in 2023, versus the average 2.2 per cent across the 30 cities monitored by Savills

AD Ports’ Maqta Gateway acquires 60% stake in Dubai Technologies

AD Ports Group sees profits soar to Dhs1.36bn in 2023

Revenue growth was driven by the Maritime & Shipping (M&S), Ports, Logistics, and Digital Clusters, with M&S contributing the most

Emirates NBD introduces Dhs9-prize draw for customers -GettyImages-630846210

Emirates NBD’s Dhs9m prize draw encourages savings

Three customers depositing at least Dhs500,000 into their current or savings accounts have the opportunity to win Dhs1m each

sultan al neyadi

World Governments Summit Day 3: Shah Rukh Khan, Sultan Al Neyadi, Hatem Dowidar on stage

Global leaders in sectors such as space, entertainment and tech will speak on Day 3 of the World Governments Summit

India

UAE-India partnership: By the numbers

Despite global economic fluctuations, non-oil trade between the two countries remained robust, reaching $38.1bn in the first nine months of 2023

Alpha Dhabi’s annual profit surges to Dhs13.3bn

IHC’s Alpha Dhabi posts Dhs13.3bn in full-year net profit

The group’s balance sheet remains resilient with Dhs140.4bn in assets and a strong cash position of Dhs20.2bn

TAQA Group posts Dhs16.7bn in full-year net income

TAQA Group posts Dhs16.7bn in full-year net income

The company’s board proposed a final cash dividend of 2.0 fils per share (approximately Dhs2.2bn), including a variable dividend of 0.7 fils

OPEC - OIL FORECAST

OPEC’s Al Ghais: We stand by our forecast of long-term demand for oil

OPEC raised its world oil demand forecasts for the medium and long term in its annual outlook published in October

India, UAE sign pact on trans-continental trade corridor

India, UAE sign pact on trans-continental trade corridor

The two countries also signed a bilateral investment treaty and exchanged cooperation agreements covering electrical interconnection, trade, and digital infrastructure