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UAE remittances costs are set to rise.

UAE remittance fees set to increase by 15%

The Central Bank of UAE (CBUAE) has given the green light to the Foreign Exchange and Remittance Group (FERG) to allow their members to implement an optional strategic fee adjustment

IHC's Emirates Stallions Group

IHC subsidiary Emirates Stallions Group sees net profit rise 316% in 2023

Strategic portfolio expansion and key acquisitions led to an impressive 168 per cent and 202 per cent growth in the company’s assets and equity, respectively

Dubai private school students holiday

Dubai school holidays: When is the half-term break?

The absence of a mandated half-term break in the UAE’s academic calendar grants individual schools the flexibility to set their own schedules

Empower’s annual revenue up 8.7% in 2023

UAE’s Empower posts Dhs3bn in full-year revenue

The Dubai-listed firm proposed a final dividend of Dhs425m for 2023, which will be paid by April 2024

World Governments Summit

World Governments Summit Day 1: Nvidia’s Jensen Huang in Dubai

The 11th edition of the annual conference is expected to see participation from multiple countries and businesses

ADNOC Gas Q4 profit rises 24 per cent Image supplied

ADNOC Gas Q4 profit jumps 24%, FY’23 income tops estimates

For FY2023, ADNOC Gas’ robust performance continued, with net income reaching $4.72bn, significantly exceeding market expectations

Dubai’s RTA, Joby partner to launch flying taxis by 2026

Flying taxis to connect DXB, Palm Jumeirah by 2026

A partnership between the RTA and Joby could see passengers being flown at speeds of up to 322km per hour between DXB and Palm Jumeriah

UAE Weather alerts - private sector - image GB

UAE weather: Safety alerts issued in Dubai, Abu Dhabi on Monday

The National Centre of Meteorology has issued weather warnings until February 13, with hail, thunder, lightning, rainfall and high winds expected throughout Monday

Dubai launches world's first sustainable mobile floating fire station

Dubai launches world’s first sustainable mobile floating fire station

The station boasts a notable speed of 11 miles per hour, allowing it to swiftly reach incident locations

ALDAR

Aldar reports record 40% net profit on sales surge

The company attributed the growth to its highest-ever quarterly development sales of Dhs8.5bn in Q4, with full-year sales reaching a record Dhs27.9bn

oil

How much spare oil production capacity do energy producers have?

The level of spare capacity – or the perception of how much is available – can influence world oil prices.

UAE WEATHER - RAIN - FLEXIBLE WORK - REMOTE LEARNING

UAE: Flexible working for private sector, remote learning for schools amid weather warnings

The adverse weather conditions are attributed to a surface low-pressure system extending from the southwest, accompanied by humid south-easterly winds

IMF

IMF forecasts 2.9% growth for MENA in 2024

IMF revised its GDP growth forecast for the Middle East and North Africa region downwards to 2.9 per cent this year

Zayed international Airport Image Abu Dhabi Airports

Abu Dhabi International Airport is now Zayed International Airport

The new name reflects the airport’s commitment to innovation, seamless travel experiences, and sustainability

remote work - UAE RAINS / UNSTABLE WEATHER

UAE rains: Remote work for public sector workers on February 12

The meteorological authority has issued an advisory urging residents to observe safety protocols, particularly in areas prone to heavy rainfall

Abu Dhabi road closure

Rolling road closure across Abu Dhabi for UAE Tour Women’s event on Sunday

The ITC has announced a rolling closure on February 11 across Abu Dhabi

Traffic fine discount - Abu Dhabi - UAE

Abu Dhabi Police’s 80kph lower speed limit for bad weather: What you should know

Fines for exceeding the temporary limit vary based on the degree of speeding in Abu Dhabi

chinese new year

Chinese New Year celebrations 2024: Fireworks in Dubai, Dragon Show in Abu Dhabi

From iconic landmarks like the Burj Al Arab to family-friendly destinations such as Global Village, numerous celebrations have been organised to ring in the Lunar New Year

Sam Altman of OPENAI

OpenAI hits $2bn revenue milestone, looks for investors in UAE

Investors have valued the San Francisco-based startup at more than $80bn

DEWA posts Dhs29.2bn in full-year profit

DEWA’s full-year revenue jumps 7% on water, electricity demand

The system demand for power surged to 56.5 TWh in 2023 while water demand grew by 5.2 per cent to reach 144.1 billion imperial gallons

RTA introduces new weeken only bus service to Al Mamza beach Image courtesy RTA X

Dubai gets new weekend bus service to this beach; more citywide route changes

A new weekend-only bus service, W20, will run from Friday to Sunday, from Stadium Metro Station to Al Mamzar every half hour between 5 pm and 11 pm

UAE-Cambodia CEPA goes into effect: Here’s how free trade pacts lift growth

The agreement is expected to boost trade and investment flows in priority sectors such as logistics, infrastructure, travel, tourism, and renewable energy

Cloudflare restores services after outage impacts thousands of internet users

Hackathon for Dubai students aims to spur on AI interest

The 3-day hackathon will challenge high school students, in teams of 2-4, to design functional projects using AI technologies to help their peers and community

Lunate, Blue Owl partner to invest in mid-size asset managers

ADQ’s Lunate partners with Blue Owl to invest in mid-size asset managers

The joint venture seeks to acquire minority stakes in private market investment managers with fee-paying AuM of less than $10bn

Dubatt unveils first fully integrated battery recycling plant_Image_Dubai Media Office

UAE’s first battery recycling plant to power circular economy

Dubatt Battery Recycling’s fully integrated battery recycling plant – the first of its kind in the UAE – has been formally inaugurated at Dubai Industrial City

RERA fines 30 real estate companies for non compliances with T&Cs stipualted in ads GettyImages-1129092019-1

Dubai: RERA fines 30 real estate firms for this violation

The agency had previously issued circulars and warnings to emphasise the provisions and conditions of real estate advertising and ensure compliance

Rolls-Royce

Rolls-Royce marks Lunar New Year with ‘Year of the Dragon’ Phantom and Cullinan: In photos

Rolls-Royce Bespoke Collective has revealed a modern, minimalistic expression of the dragon never previously seen in its cars

oil

Oil heads for weekly gains after Israel rejects ceasefire offer

Non-OPEC output from Norway and Guyana is increasing while Russia is exporting more crude in February than it planned

EMAAR FY2023 results -photo-courtesy_emaar

Emaar FY2023 profit rises 70%, property sales reach $11bn

The Dubai-based developer reported a 7 per cent increase in revenues to Dhs26.7bn ($7.3bn)

world government summit

World Government Summit 2024: All you need to know

The event will feature over 25 heads of state and governments, 120 governmental delegations, and 85 international and regional organisations