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UAE attracts foreign direct investment of $23bn in 2022

UAE attracts foreign direct investment of $23bn in 2022

The country remains the leading recipient of global FDI in the GCC, attracting 61 per cent of all foreign investments into the region last year

DMCC welcomes over 1,400 companies in H! 2023 uptown & jlt Image DMCC

Dubai’s DMCC welcomes 1,456 companies in H1 2023

DMCC is now home to more than 23,000 member companies from across the world

Samsung and FRAME tap local creators for Galaxy Z Flip4 accessories inspired by UAE cultureSamsung and FRAME tap local creators for Galaxy Z Flip4 accessories inspired by UAE culture image credit Samsung and Frame

Samsung, FRAME unveil Galaxy Z Flip4 accessories inspired by UAE culture, created by local artists

The creations launched at Al Shindaga Museum in collaboration with Dubai Culture are available for purchase online until the end of July

real estate

Dubai’s real estate market reports double-digit surge in June

The emirate’s real estate market has posted its strongest performance for the month of June in a decade

central bank outlines measures to alleviate burden of residential property loans for UAE nationals Image courtesy CBUAE

UAE issues measures to address impact of rising interest rates on property loans for citizens

The notice was issued following approval from the Central Bank of UAE’s board of directors, with the measures coming into effect from July 1

Emirates begins flights to Montreal (Image: Supplied by Emirates)

Emirates commences daily service to Montréal

The airline’s North American network now stands at 14 destinations

ramadan moon

Hijri New Year 2023 holiday in UAE: Will we get a long weekend in July?

The Hijri New Year signifies the start of a new lunar year for Muslims around the world

BARAKAH

Barakah One completes refinancing of Barakah plant

The KEXIM loan facilities were refinanced through a competitive market process resulting in the selection of two banks, ADCB and FAB

Emirates NBD introduces carbon market trading -GettyImages-630846210

UAE’s Emirates NBD introduces compliant carbon market trading

The offering will help the bank’s clients to seamlessly tap global carbon credit markets to support their net zero ambitions and sustainability goals

licence

WeRide receives UAE’s first self-driving licence

The licence will allow WeRide to conduct various road testing exercises and autonomous driving operations across the UAE

Wio Bank, ADX partner to enable instant, digital IPO subscriptions

Wio Bank, ADX partner to enable instant, digital IPO subscriptions

The bank allows its customers to digitally create an investor number on the Abu Dhabi bourse and apply for IPO subscriptions

AllianceBernstein

AllianceBernstein opens new office in DIFC to expand Middle East presence

The global investment firm has secured DFSA licence to locally service and advise clients

emirates

Emirates announces job openings for cabin crew, ground staff

The latest recruitment campaign for cabin crew and ground staff follows a record year of growth for the airline and the global aviation sector

Sheikh Hamdan inaugurates phase 1 of waste-to-energy Centre in Warsan Image Dubai Media Office

Sheikh Hamdan launches first phase of world’s largest waste-to-energy project

The facility can process two million tonnes of waste per year without any adverse environmental impact

emaar

Emaar shares push Dubai stocks to 2015 high as economic outlook lifts mood

S&P Global Ratings recently upgraded Emaar Properties based on the strong demand seen in the UAE’s real estate sector

Make the most of summer with these wallet-friendly tips

Summer fun: 5 wallet-friendly tips to enjoy the season

Spending increases significantly during the summer season as people want to be out and about

Abu Dhabi Global Market introduces Sustainable Finance Regulatory Framework Image ADGM

Abu Dhabi Global Market introduces regulatory framework for sustainable finance

The framework complements ADGM’s existing regulation of carbon offsets, facilitating the establishment of the world’s first regulated carbon offsets exchange and clearing house

Aldar, IHC, ADNEC merge property, facilities management

Aldar, IHC, ADNEC merge property, facilities mgmt assets

The merger adds considerable weight to Aldar Estates, taking its portfolio of residential units under management to approximately 135,000

RTA transports over 6 million riders across Dubai during Eid Al Adha Image courtesy RTA twitter

RTA transports over 6 million commuters across Dubai during Eid Al Adha

The number of metro riders on both the Red and Green Lines during the holiday reached 2.388 million riders

UAE updates energy strategy, to invest 54.5bn in renewables

UAE updates energy strategy, to invest $54.5bn in renewables

The strategy aims to triple the contribution of renewables to the country’s energy mix by 2030 to reduce the effects of climate change

ADNOC Gas awards natural gas pipeline contracts worth $1.34bn

ADNOC Gas awards natural gas pipeline contracts worth $1.34bn

The pipeline extension will drive further growth as part of the company’s strategy to increase its market share and enhance its customer base

Peter Hellyer image courtesy The National

Obituary: Honouring Peter Hellyer, acclaimed author, historian and filmmaker

Considered a close friend of the UAE, Hellyer leaves behind a legacy that will forever be etched in the country’s history

Ajman ruler launches Masfout Development Project

Ajman’s Sheikh Humaid launches Masfout project

The project is based on several pillars including developing tourism projects and promoting the region and its history

Dubai RTA awarded contract for Garn Al Sabkha Street Sheikh Mohammed Bin Zayed Road Intersection Improvement Project Image RTA

Dubai: Dhs374m road project to enable smooth traffic flow, support population growth

The scope of the project covers the construction of four bridges, spanning 3,000 metres capable of carrying 17,600 vehicles per hour

AD Ports Group completes acquisition of Noatum

AD Ports Group completes acquisition of Spain’s Noatum

The landmark deal brings together two major industry players to form a global powerhouse in the trade and logistics industry

UAE economy

UAE economy primed for stronger growth in H2 2023

The World Bank has forecasted a 2.8 per cent growth in the UAE’s real GDP for this year

sharjah summer promotions 2023 begins on July 1 Image courtesy WAM -e1674191212440

Shopping festival: Sharjah Summer Promotions begins, up to 75% in discounts

Considered one of the key events in Sharjah’s annual retail calendar, the 65-day shopping festival is celebrating its 20th anniversary this year

Niven Al-Khoury on diabetes management strategies to be effective

Insights: How Saudi Arabia is making strides in diabetes control and prevention

There are an estimated 4.2 million patients suffering from diabetes in Saudi Arabia, out of which 1.8 million are undiagnosed

Al Kuwaiti

Dr Al Kuwaiti leads UAE delegation at Cyber Week, highlighting UAE-Israel cyber alliance

Cyber Week is an annual international cybersecurity event, hosted at Tel Aviv University in Israel for last 12 years

UAE raises petrol prices for July 2023

UAE increases petrol prices for July 2023

The cost of petrol has slightly increased following a small reduction last month