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over 2 million rider used public transport during NYE

Dubai Metro resumes full service after April’s historic storms

All metro stations are fully operational again following the heaviest rainfall in the UAE’s recorded history

UAE off FATF grey list what it means for trade and investment-GettyImages-927096466

UAE is off FATF’s grey list: What that means for trade, investment

The UAE’s exit from the FATF’s grey list can be seen as a crucial step, albeit not the sole factor, for fostering robust growth in trade and investment

UAE-President-Sheikh-Mohamed-bin-Zayed-Al-Nahyan issues new law covering prison management in Abu Dhabi photo courtesy WAM

UAE President Sheikh Mohamed to embark on China state-visit

The visit will focus on strengthening bilateral relations and exploring further opportunities for cooperation, particularly in the economic, developmental, and cultural sectors

Generative AI

How should UAE businesses look at the legal considerations of deploying AI

The future is full of opportunities for regional businesses to flourish by tapping into the infinite potential of AI

ADNOC, Aramco considering bids for Shell’s South African assets – report

Shell announced a plan to divest its majority shareholding from a local South African downstream unit after a comprehensive review of its businesses

UAE- CORPORATE TAX - FREE ZONE

Corporate Tax flash for Free Zone persons and companies: FTA’s new guidelines

Businesses operating in UAE free zones must review the FTA’s latest guidelines to ensure compliance and take advantage of the 0 per cent corporate tax rate on qualifying income

Eagle Hills unveils EUR3bn waterfront project in Latvia

UAE’s Eagle Hills expands global reach with EUR3bn Latvian project

A EUR250,000 investment in the Riga Waterfront would enable buyers to acquire residency in the European Union-member country

UAE-PAKISTAN

UAE announces $10bn investment package for Pakistan

Pakistan needs foreign investment to boost its economy and shore up its currency reserves to meet rising external repayment obligations

UAE

UAE economy grew 4.3% in fourth quarter of 2023

Financial and insurance activities, transportation and storage, real estate and construction sectors were among the top growth sectors

The Kitchen by Spinneys

The Kitchen: Spinneys introduces its first food hall concept

The food hall, covering 4,950 square feet, is located on the Lower Ground Floor in Dubai Mall

UAE, France partner to advance global AI ecosystem

UAE and France partner to advance global AI ecosystem

The two countries will explore investment opportunities in start-ups and investment funds focused on AI models

esim

Airalo: Transforming global connectivity with eSIM innovation

Airalo, a leading eSIM marketplace, reveals its expansion plans as global travel surges

Microsoft, G42 deal could transfer US AI tech abroad

Microsoft, G42 deal could transfer key US chips and AI tech abroad

Microsoft executives said the company welcomes a debate on a new legal framework governing the transfer of AI technology

Tadweer and Dubal acquire Enviroserve

Tadweer Group, DUBAL acquire e-waste company Enviroserve

Established in 2004, Enviroserve has the region’s only integrated e-waste processing hub spanning the Middle East, Africa, and Caucasus region

ADNOC Group offers 5.5% stake in drilling unit

UAE’s ADNOC Group offloads $935m stake in drilling unit

The state energy firm offloaded 880 million shares at Dhs3.90 apiece, approximately 70 per cent above the IPO price of Dhs2.30

Microsoft and G42 to offer joint sovereign cloud and AI offerings Image Microsoft

Microsoft, G42 to invest $1bn in Kenya to build geothermal-powered data centre

Microsoft and G42 will work with the government of Kenya to design and operate the new East Africa cloud region as part of a trusted data zone

Saadiyat Cultural District_Natural History Museum Abu Dhabi_3D Render - The [buildings] depicted in these images are conceptual illustrations. Actual buildings and layouts may differ from the representations shown here by the time of completion. All rights to the images and their contents are reserved. Unauthorised use, reproduction, or distribution of these images is strictly prohibited.

Abu Dhabi’s Saadiyat Cultural District on track for completion by 2025

Saadiyat Cultural District, once complete, is set to be one of the most exciting destinations in the world for art and culture enthusiasts

adgm regulator-sarwa

Why did Abu Dhabi Global Market regulator impose a $122,500 fine on Sarwa?

The regulator said the probe was closely coordinated between the FSRA and the Dubai Financial Services Authority

ADNOC to acquire 10% equity stake in key LNG development in Mozambique

ADNOC to acquire 10% equity stake in key LNG development in Mozambique

ADNOC’s first investment in Mozambique complements its efforts to expand its lower-carbon LNG portfolio to meet growing gas demand and support the transition to cleaner fuel sources

Dubai-based mining firm to enter Argentina lithium market

Dubai mining firm plans to start Argentina lithium production next year

The company is still determining which extraction method to use, but will likely begin with a mix of direct lithium extraction and evaporation pools

Sheikh Hamdan with Omar Sultan Al Olama-WAM

Sheikh Hamdan announces AI initiative: 1 million engineers to be trained

The initiative will follow an extensive programme that includes training courses to upskill individuals in AI and prompt engineering along with offering accredited certifications

Alcazar Energy secures $490m for second fund

Dubai-based Alcazar Energy secures $490m for second fund

The fund has already begun building a portfolio of assets in the western Balkans region, with two wind farms totalling 456 MW

Emaar unveils The Heights Country Club and Wellness

Emaar unveils The Heights Country Club & Wellness

The residential offerings within the luxury development include townhouses and semi-attached villas

Emiratisation

Emiratisation: MoHRE reminds private firms to comply with June 30 deadline

MoHRE’s digital and field supervision system identified 1,379 companies attempting to circumvent Emiratisation goals

Dubai to build 13.5km multi-use track Image Dubai Media office

Dubai to build 13.5km track for cycles, scooters, pedestrians

Stretching from Al Sufouh to Dubai Hills via Hessa Street, the multi-use track will serve as a link between residential, commercial, and educational hubs

UAE’s FAB reportedly in advanced talks to acquire Yapi Kredi

The final details of the potential deal for Turkey’s fourth-biggest private bank are being hammered out after months of negotiations

UAE's AI PUSH

UAE, US to seal more AI deals through strategic partnership: UAE AI minister Al Olama

The UAE, led by government-backed firm G42, is pushing to burnish its AI framework as it diversifies away from oil

Air India-A350-VT-JRI

Air India launches A350 on Mumbai-Dubai route: Full details

The route will offer fliers the option to choose from three class cabins and will fly on 1 of 3 daily services

IMF sees UAE’s GDP expanding by 4% in 2024

UAE economy to grow by 4% in 2024, says IMF

The fund had projected in April that the country’s economy would grow by 3.5 per cent this year

Amount of styrofoam containers

Abu Dhabi bans single-use styrofoam products starting June

The ban targets avoidable, single-use consumer products made of expanded polystyrene