#UAE

GCAA introduces CARDS system to help cargo sector GettyImages-692496282

UAE’s new cargo data reporting system is primed to support providers

The platform will furnish an analytical overview of air cargo movements within, to and from the UAE

onion ban - India

India extends ban on onion exports indefinitely ahead of general election

Traders estimate that India accounts for more than half of all onion imports by Asian countries

rain- cloud - thunderstorms

Weather alert: Convective cloud activity, rainfall warning for parts of UAE

The UAE’s weather agency has issued a yellow alert for parts of the country

UAE visa

Here’s what Dubai’s new 20% tax regime for foreign banks means

The new tax regime clarifies that the headline 9 per cent corporate tax will be creditable against the emirate-level tax on foreign banks

Dr sultan ahmed al jaber on MoIAT milestones Image COP28

UAE industrial exports value rises Dhs70bn in 3 years: MoIAT

Dr Sultan bin Ahmed Al Jaber, MoIAT Minister, said Industrial exports have grown by 60 per cent in 2023, amounting to a projected Dhs187bn

Türkiye, GCC states to launch talks for free trade pact

Türkiye, GCC states to launch talks for free trade pact

The trade pact is expected to lead to one of the world’s largest free trade areas, between Türkiye and the GCC, with a total value of $2.4tn

UAE FDI in investment in early 2024 - Image-by-WAM

UAE’s FDI estimated at $2.5tn by early 2024: UAEIIC secretary-general

This robust financial footprint strengthens the UAE’s position as a significant global economic force

Egypt

Egypt’s credit outlook upgraded to positive by S&P amidst foreign investments

Egypt’s commitment to exchange rate liberalisation combined with budgetary consolidation targets are crucial for boosting international confidence

UAE: Heavy rains, strong winds to lash parts of the country

UAE weather: Rain, strong winds to lash parts of the country from Sunday

Motorists are urged to exercise caution and be aware of changing weather conditions

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

Saudi Arabia, Qatar - GCC

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 - RAIN-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

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