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UAE allots $200m to fund innovation in developing nations

WGS 2024: UAE launches $200m technology fund for developing nations

The newly launched platform serves as a channel for countries worldwide to tap into the UAE’s technological expertise

For illustrative purposes

WGS 2024: New Buna system to ease cross-border payments in Arab region

The platform currently links 108 out of 120 Arab banks signed up, with a target of 160 by the end of 2024

UAE, Arab countries sign agreements to avoid double taxation

UAE signs agreements with Arab countries to avoid double taxation

The agreements seek to eliminate double taxation, additional taxes, indirect taxes, and tax evasion while addressing cross-border trade challenges

WGS 2024: Dubai inks MoU with global companies to produce SAF

Dubai Municipality, which leads the project, has partnered with ENOC, BESIX Middle East, and Marubeni Middle East and Africa Power

electric

What does the ‘all-electric lifestyle’ mean for businesses?

As conversation heats up over the energy transition, Qasem Noureddin, commercial director, Eaton Middle East, examines why circular economy thinking will be increasingly influential in the electrical industry

Masdar City - Alesca vertical smart farm

Masdar City launches first indoor vertical farm

The vertical farm uses 90-95 per cent less water than conventional farms

aramex

Aramex reports strong financial performance with 2x growth in Q4 2023 net income

While Aramex’s international express unit witnessed remarkable growth in shipment volumes and revenue, other business segments experienced softer performance

Truck ban on Abu Dhabi roads Image courtesy WAM

Temporary ban on heavy vehicles entering Abu Dhabi amid Indian PM Modi’s visit

These measures are part of the authorities’ preparations to manage traffic congestion and ensure public safety during the designated period

uae weather - school - rain - alef education - IPO

UAE weather: Work from home, remote learning extended to Feb 13

The National Centre of Meteorology has issued weather advisories covering a significant portion of the country until noon on Tuesday

Etihad passenger numbers up 35% year-on-year

Etihad Airways is starting to ramp up its operations as a post-Covid tailwind drives passenger growth

Dubai unlocks Dhs500m to fuel SME growth, here's how firms can apply Image-credit-WAM

Dubai unlocks Dhs500m to fuel SME growth, here’s how firms can apply

A dedicated specialist will conduct a comprehensive review of the applicants’ business followed by the joint steering committee’s review for inclusion in the initiative

UAE free zone corporate tax - OECD

UAE Free Zone Corporate Tax regime earns OECD’s ‘non-harmful’ recognition

The evaluation of the UAE’s Free Zone Corporate Tax regime was part of the OECD’s comprehensive review of taxation regimes worldwide

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