#UAE

India’s duty cut halts silver, platinum imports from UAE

India’s duty cut halts concessionary silver, platinum imports from UAE

The world’s second-biggest bullion consumer slashed import duties on gold and silver to 6 per cent from 15 per cent

First Abu Dhabi Bank (FAB) reports robust performance in H1 2024 GettyImages

FAB posts record H1 profit of Dhs8.4bn amid strong revenue growth

The bank’s profit before tax grew by 15 per cent year-on-year to Dhs10bn

84% of UAE investors likely to invest in future IPO offerings. For illustrative purposes

IPO appeal: 84% of UAE investors likely to invest in future offerings

Findings from Edelman Smithfield’s UAE Investor Pulse Survey 2024, show that 67 per cent of respondents agreed that having two distinct exchanges benefits the UAE capital markets

UAE EU trade talks

UAE hopes to reactivate trade talks with EU this year

The UAE has long advocated deeper EU involvement in the region

Flydubai-Cairo

Flydubai in early talks for largest ever airplane order

flydubai announced the purchase of 175 Boeing 737 MAX airplanes in 2017

Al-Futtaim's Hasan Nergiz on BYD's popularity in UAE, Saudi Arabia

Al-Futtaim’s Hasan Nergiz on BYD’s popularity in UAE, Saudi Arabia

The MD of Al-Futtaim Electric Mobility Company shares that EV maker BYD’s SEAL, SONG PLUS and HAN models are very popular in the UAE and Saudi Arabia

UAE PASSPORT

UAE ranks in top 10 of world’s most powerful passports according to Henley Index

The ranking marks a significant rise for the UAE, which has climbed from 62nd to 9th position, over the past 18 years

Emiratisation UAE

Latest: UAE’s MoFA says services back on after Microsoft outage

The TDRA warned users of the global IT outage and said it is closely monitoring the developing situation

Emirates Steel, Eversendai partner for NEOM Trojena Ski Village project Image courtesy NEOM for illustrative purposes

Emirates Steel, Eversendai partner for NEOM Trojena Ski Village project

In line with the partnership with Eversendai, Emirates Steel will supply premium steel beams for the construction of the ski village

UAE

UAE President Sheikh Mohamed bin Zayed announces “Union Pledge Day” on July 18

Union Pledge Day joins the ranks of other national occasions in the UAE, including Union Day, Flag Day, and Commemoration Day

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UAE and Indonesia strengthen ties during high-level meet in Abu Dhabi

President Widodo was awarded the Order of Zayed, the UAE’s highest civilian honour, during a ceremony at Qasr Al Watan in Abu Dhabi

Ethiopia

UAE, Ethiopia sign currency swap agreement

Under the deal, the CBUAE and NBE will also collaborate on payment platform services and electronic switches

INDONESIA-UAE-VISIT

Indonesian President Joko Widodo begins UAE state visit to strengthen bilateral ties

This state visit marks the one-year anniversary of the CEPA, which was signed in July 2022, and took effect a year later

UAE and Nigeria

UAE resumes visa issuance to Nigerians

The development follows the resumption of flights between the two countries in May, which were halted for over two years, due to a payment backlog

Marking 75 Years: The life and achievements of Sheikh Mohammed

His Highness Sheikh Mohammed bin Rashid Al Maktoum turned 75 on Monday, 15 July 2024.

Cybercrime laws Image Getty Images

UAE cabinet reshuffle: here’s what you need to know

The UAE has two new deputy prime ministers following the announcement on Sunday

Egypt lowers 2025 wheat self-sufficiency target to 51%

Egypt lowers 2025 wheat self-sufficiency target to 51%

The government buys wheat internationally and locally in order to offer tens of millions of its citizens subsidised bread

FAB refutes reports of $5bn Yes Bank stake as “unfounded”

‘Unfounded’: FAB dismisses reports of Yes Bank stake purchase

The UAE’s biggest lender by assets categorically denied that it is evaluating any possible offer for a stake in Yes Bank

Job search LinkedIn

7 ways to use LinkedIn’s AI tools to help in job hunting

LinkedIn has a suite of tools that leverage AI to aide job seekers and recruiters make the perfect match

Nuisance cold callers to face Dhs150k fines in UAE from August 27

Errant telemarketers in the UAE will face steep fines if they fail to comply with a set of new federal regulations.

Ritz-Carlton Reserve to launch in UAE on Ramhan Island in 2029 Image: Supplied

First Ritz-Carlton Reserve in UAE to launch on this island

Ritz-Carlton Reserve currently includes only seven properties in destinations such as Saudi Arabia, Thailand, Indonesia, Puerto Rico and Mexico

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Egypt’s SKG signs $500m real estate development deal with UAE’s KSH

The deal includes three residential towers and a five-star hotel in an area overlooking the Nile’s Warraq Island

Agthia expands footprint with new Saudi facility

Agthia expands footprint with Dhs90m manufacturing facility in Saudi Arabia

The new facility underscores the group’s strategic vision to tap into the vast growth opportunities in the GCC region’s largest market

Murban

Record-breaking trading activity for UAE’s Murban Crude

The platform’s extensive reach allows investors from multiple jurisdictions to participate in trading the Murban Crude oil futures

ADIB facilitates Dhs5.6bn in sustainable finance in 2023

UAE’s ADIB facilitated Dhs5.6bn in sustainable finance in 2023

The Islamic bank recently unveiled 2030 emissions reduction targets for six key portfolio sectors including home and auto finance

PureHealth sales entire stake in stem cell business

PureHealth divests stem cell business to streamline operations

The sale will advance the healthcare firm’s focus on specialised services previously offered at Abu Dhabi Stem Cells Centre and Yas Clinic at Sheikh Shakbout Medical City

Staycations rise, visitors staying longer in Middle East, reveals travel report

Staycations rise, visitors staying longer in Middle East, reveals travel report

The emphasis on regional travel, unique experiences and budget-friendly options like cruises are set to shape the future of tourism in 2024 and beyond

Celebrating 'Days of Culture of the UAE' in Moscow

Celebrating ‘Days of Culture of the UAE’ in Moscow

Held from June 28 to July 2, Days of Culture of the UAE is initiated by the UAE Embassy in Russia and the Moscow Government

Presight and Wand AI partner to deploy Generative AI Assistants at enterprises across the UAE_GettyImages-1194176305

Presight, Wand AI to develop GenAI assistants for UAE firms

The companies aim to introduce innovative AI solutions across multiple industries, including finance, retail, real estate, construction, and legal sectors

Egypt - WHEAT - BRICS

BRICS countries back grain exchange idea, Russia says

The exchange would allow buyers to purchase directly from producers