food security through IFPA

The UAE is the new headquarter of International Islamic Food Processors Association

IFPA works to promote intra-OIC trade and investment between agri-food private-sector businesses across the entire ecosystem and food supply chain in member states

trade finance

DP World, Standard Bank partner to expand trade finance in Africa

The partnership will help in closing the gap in unmet demand for working capital on the continent

Dubai taxi sector image RTA twitter

Dubai taxi sector achieves 27 million trips in Q1 2023

The taxi sector in Dubai showed 6 per cent growth during the first quarter of 2023

S&P Global affirms positive outlook on Bahrain

S&P Global affirms rating, positive outlook on Bahrain

The country’s fiscal and debt positions strengthened in 2022 on the back of higher oil prices and budget consolidation measures

Arabsat BADR-8 launch Image credit Arabsat

Arabsat launches Badr-8 satellite, in partnership with Airbus and SpaceX

The 7th generation satellite successfully lifted off from launch complex 40 at Cape Canaveral air force station

Dubai DET announces that Holiday Homes to have qr codes going forward image credit Dubai Media Office

Holiday homes in Dubai now need QR codes on entrances, here’s why

This code enables visitors and guests to conveniently scan it and access essential information about the operator of the holiday home and the relevant contact details for the Department of Economy and Tourism

Saudi SEZs

New Saudi SEZs attract $12.6bn from maritime, mining, manufacturing, logistics sectors

The Saudi SEZs offer competitive corporate tax rates, exemption from customs duties on imports, production inputs, machinery and raw materials, and 100 per cent foreign ownership of companies

space mission

UAE announces space mission: MBR Explorer to tour asteroid belt

Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai announced the follow up space mission scheduled to launch in 2028


Demand for luxury TVs surging in the GCC, says Samsung

Nikola Aksentijevic, head of Visual Display Division at Samsung Gulf Electronics, asserts that the increasing income levels and purchasing power of consumers in the region are fuelling the demand for premium products

DEWA commissions new reservoir (1)

DEWA commissions 60 MIG Lusaily water reservoir

The utility firm is currently working on three other reservoir projects in Nakhali, Hassyan and Hatta in addition to the newly commissioned reservoir

Turkish lira

Turkish lira falls to record low against US greenback

Wall Street sees more weakness ahead for the lira, with Morgan Stanley warning that it may reach 26 per dollar sooner than earlier expected and slide toward to 28 by the end of the year

Kemi Badenoch in UAE for trade talks

UK trade secretary Kemi Badenoch rounds off Gulf trip with visit to the UAE

The British trade secretary’s visit to the UAE focused on growing bilateral economic relations and creating momentum for a UK-GCC trade deal

Dubai exchange launches futures contracts

Dubai bourse launches futures contracts on general index

The futures contracts will help investors effectively hedge against market volatility and make profitable trades

Armin Moradi - Co-Founder & CEO at Qashio on importance of accounting automation for corporate tax Image credit Qashio

The importance on accounting automation in UAE’s corporate tax era

Businesses must assess their finance technology stack to check if the tools can effectively manage the new processes required and if the systems in place integrate efficiently to allow for seamless automation

Nothing Ear 2

How Nothing Ear 2 is disrupting the way we use earbuds

With a focus on providing an immersive listening experience, the earbuds not only deliver great audio quality but also demonstrate the brand’s meticulous attention to engineering

Jassem Busaibe - Chief Executive Officer at Aldar Investment Image Aldar Properties

Aldar acquires Basatin, expands facility management, landscaping services offering

Through this transaction, which is valued at Dhs150m, Aldar will hold a majority stake of 75 per cent in Basatin with the remaining 25 per cent held by a strategic partner

Saudi Arabia’s foreign reserves fell from SAR1.57tn the previous month

Saudi Arabia’s net reserves fall to $410bn, lowest since 2010

The central bank said the net foreign assets dropped to SAR1.54tn in April from SAR1.57tn the previous month


Recep Tayyip Erdogan seals victory in Turkey presidential elections

The incumbent prevailed 52.1 per cent to 47.9 per cent in a runoff vote with opposition challenger Kemal Kilicdaroglu

Qatar Airways’ Privilege Club (Image: Sourced from Qatar Airways Newsroom)

Qatar Airways’ Privilege Club can now be linked to select Visa and Mastercard credit cards

It will allow the airline’s loyalty programme members to collect and spend Avios on purchases at a range of partners in Qatar


Bitcoin jumps to more than two-week high

Smaller tokens ranging from Ether to Binance Coin also posted gains

Dubai customs

Dubai Customs brings in customised x-ray scanning system

The new installation will speed up clearance operations for heavy and light vehicles, equipment, and yachts at the Jebel Ali and TECOM Customs Centre

UAE and Poland seeks to bolster ties

UAE, Poland seek to strengthen financial and economic ties

The two countries agreed to strengthen their cooperation and exchange knowledge, experiences and best practices in the field of tax policy

Housing programme _ Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai image credit: Dubai Media Office

Sheikh Mohammed approves Dhs1.6bn in housing loans

Housing loans for 2,000 Emiratis were approved under the Sheikh Zayed Housing Programme

RTA reveals net zero operations plan image RTA

Here’s how Dubai’s RTA will transition to zero-emission operations by 2050

The strategy will help reduce carbon dioxide emissions by 10 million tonnes and contribute to financial savings worth Dhs3.3bn in comparison to current operations

Hyundai Group EV investment

Hyundai Motor, LG plan $4.3bn EV battery plant in US

Construction of the EV battery facility will start in the second half of 2023 and production will begin as early as the end of 2025

Tadweer kaunches new electric waste lorry image wam

Abu Dhabi’s Tadweer introduces first fully electric waste-collection truck

The truck will be used to collect household waste in the emirate

Dubai Municipality introduces new online system for building permits image Dubai media office

Dubai introduces new online platform for building permits, control services

The new system will help streamline procedures and reduce the required application documents, making it easier for customers to input data and track application updates

Corporate tax transitional rules-Photo-courtesy-WAM

UAE corporate tax: MoF issues transitional rules for businesses

The decision applies to immovable property, intangible assets, financial assets and financial liabilities held by businesses before the corporate tax law comes into effect on June 1

Hakuto mission mapped image credit ispace

HAKUTO-R lunar mission results announced, here’s what happened

The analysis reveals that the cause of the lander’s failure to make a soft landing was due to the software, especially in the phase just prior to landing

Ford Tesla

Ford taps Tesla superchargers in rare partnership

Ford’s next-generation vehicles, starting in 2025, will have the Tesla charging capability built in