#UAE

UAE banks set for another year of record growth

UAE banking sector assets hit record Dhs4.1tn in 2023

Total deposits of resident and non-resident customers with UAE banks rose by 13.5 per cent YoY to reach Dhs2.5tn

Egypt gets EUR7.4bn aid package from the EU

Egypt secures EUR7.4bn aid package from the EU

The funding program will prioritise economic stability, investments and trade as well as migration and security

India cabinet approves Middle East-Europe trade corridor pact

India cabinet approves Middle East-Europe trade corridor pact

The corridor is an ambitious ship and rail network that will connect Europe with India through the UAE, Saudi Arabia, Jordan and Israel

EFG HERMES - gcc economy - sector

EFG Hermes reveals five must watch sectors for 2024

Following the theme of its conference, EFG Hermes highlights opportunities available in frontier emerging markets

Lower GCC growth amid oil cuts, says Oxford Economics

GDP growth for Saudi Arabia in 2024 is expected to top 2.1 per cent, while growth in the UAE is set to reach 4.4 per cent

UAE oman - rain - wet weather

UAE, Oman issue alerts for heavy rain and thunderstorms

Authorities in the UAE and Oman have issued a severe weather warning for Saturday, March 9

UAE - WEATHER - NCEMA

UAE: NCEMA warns of severe weather event, announces road closures

Authorities have warned of a severe weather event impacting certain parts of the UAE in the coming days

UAE WEATHER

UAE wet weather alert: NCEMA to hold media briefing

Oncoming rainy conditions are forecast for most parts of the UAE

UAE - SPACE - NASA

Mission-ready: UAE astronauts complete NASA training

The NASA programme further expanded astronauts’ skill set to cover critical areas such as spacewalking, robotics and piloting the T-38 training jet

o boost anti-financial crime efforts GettyImages-927096466

UAE strengthens anti-financial crime efforts with new MoU

The new MoU reaffirms the UAE’s commitment to tackling financial crime through enhanced cooperation, training and innovation in combating these evolving threats

UAE cuts visa process from 30 days to five

UAE unveils platform to expedite work, residency visa process

The first phase of the initiative will be implemented in Dubai and will be gradually expanded to other emirates

e& allots $6bn to boost connectivity in 16 markets

UAE’s e& to invest $6bn to advance connectivity in 16 countries

The group is set to reinvest in building networks of the future to accelerate technology adoption and increase fibre penetration and fast mobile network speeds

Coursera's Jeff Maggioncalda on the future of learning and work

Want to enhance your career prospects? Coursera’s CEO shares key tips

Coursera CEO Jeff Maggioncalda shares how the global online learning platform is enabling adaptive and personalised learning experiences for students and professionals

UAE announces fuel prices for March 2024

UAE hikes petrol, diesel prices for March 2024

The fuel price committee increased the retail rates for Super 98, Special 95, and E-Plus 91 by as much as 16 fils per litre in March

FAB targets Dhs300 million in revenue from China by 2026

Abu Dhabi’s FAB to triple revenue from China operations by 2026

The bank opened its fully licenced branch in mainland China in 2022 and grew its business there by 50 per cent in 2023

UAE unveils Dhs10,000 fine for late corporate tax registration

Stiff Dhs10,000 fine announced for UAE corporate tax dodgers

The penalty was implemented to prompt taxpayer compliance with tax laws through timely corporate tax registration

UAE’s property market boom shows no sign of slowing

UAE’s property market shows no sign of cooling off, says CBRE

The average residential prices in Dubai surged by 20.1 per cent in the year to December, with apartment prices rising by 19.8 per cent

UAE oman - rain - wet weather

UAE weather: NCM forecasts cloudy skies, rainfall from Feb 28-March 1

Light to moderate rainfall in general and heavy at times is expected in the Northern, Eastern and Southern regions of the country

UAE to announce petrol prices for March soon

UAE to announce petrol prices for March: will rates increase?

The fuel price committee increased the retail rates for Super 98, Special 95, and E-Plus 91 by as much as 6 fils per litre in February

DIFC’s five-year innovation strategy for financial services

UAE’s great grey list escape: A ‘gradual thaw rather than instant spring’

The grey-list exit will increase the international community’s confidence in the country’s financial services sector

UAE pledges $10m to support fair and inclusive trade ahead of WTO MC13 meet on Feb 26 GettyImages-1436075399-e1668747452258

WTO MC13: UAE pledges $10m to boost fair trade

The UAE is hosting the WTO’s MC13, the organisation’s highest decision-making body, as well as representatives of the 166 member states from February 26-29

UAE makes $35bn FDI investment in Egypt-GettyImages-520265584-e1703142282632

UAE’s mega $35bn deal marks largest FDI in Egypt’s history

The project is expected to create significant job opportunities, attract further foreign investment, and contribute to the North African country’s tourism and economic growth potential

UAE exits FATF’s ‘grey list’ amid reforms

An exit from the grey list marks a swift turnaround for the UAE, which was initially added to the list of jurisdictions under increased monitoring in March 2022

UAE WEATHER ALERT - NCM

Weather: Low pressure system to bring rainy, windy conditions to Oman and the UAE

The NCM has forecast overcast conditions along with intermittent rain showers due to a developing weather system in the seas

Xpeng signs partnership with UAE’s Ali&Sons

Tesla’s Chinese rival Xpeng signs partnership with UAE’s Ali&Sons

The electric carmaker will offer the G6 and G9 SUV models in UAE from Q3 2024

TECOM Group’s in5 startups post 25% funding growth in 2023

Funding for startups at TECOM Group’s in5 surges by 25% in 2023

in5 has incubated about 900 startups since its inception, and its tech-focused vertical is currently home to 270 active startups

Carlos Wakim on how Bloom Holding is redefining living

Real Estate Moguls: Meet Bloom Holding’s Carlos Wakim

Wakim leads operations across all of Bloom Holding’s companies, including real estate, education investments, and hospitality

DXB passeger traffic hits-87 million -Image-Dubai-Airports

DXB sees passenger traffic soar in 2023, welcomes 86.9 million travellers

DXB is poised for continued growth in 2024, with initial forecasts anticipating 88.8 million guests

UAE’s non-oil trade hits record Dhs3.5tn in 2023

UAE non-oil trade expands to record Dhs3.5tn in 2023

The country has initiated a raft of bilateral trade, investment and cooperation deals with several fast-growing economies

Why the UAE is emerging as the preferred wealth hub for HNWIs

Here’s why the UAE is attracting more high-net-worth individuals

Yves Bruggisser, equity partner and Head of Zone Middle East Pictet Wealth Management tells us that the UAE is at the heart of a networking hub that attracts innovation and ambition