#UAE

Saudi's salary system: Updates that private sector employers should know

Women must be on boards of private joint-stock firms, UAE announces

Starting from January next year, at least one seat must be allocated for women after the end of term of the current boards

UAE central bank’s foreign assets up 2% in February

UAE slashes interest rates by 0.5% after US Fed decision

The Central Bank of the UAE (CBUAE) said it has reduced the base rate applicable to the overnight deposit facility (ODF) by 50 basis points, from 5.40 to 4.90 percent

Japan, UAE to enter economic partnership talks

Japan, UAE to enter economic partnership talks

The two countries agreed last year to cooperate on technology and climate change, including investments in the chip and battery sectors

UAE banking sector's liquid assets surpass Dhs800bn in Q2 2024

UAE banking sector’s liquid assets exceed Dhs800bn in Q2 2024

On a quarter-on-quarter basis, liquid assets rose by 2  per cent, or Dhs14.9bn, compared to Dhs786.6bn at the end of Q1 2023

UAE, Australia reach trade deal to boost exports, investment

UAE, Australia reach trade deal to boost exports, investment

The trade pact will remove tariffs on about 99 per cent of Australian products, resulting in savings of $91m (AUD135m) in the first year

MySyara partners with Mobil, launches UAE's first cloud garage network

MySyara partners with Mobil, launches UAE’s first cloud garage network

The company aims to set up a network of 20 cloud garages across UAE by the end of 2025

UAE central bank fines local bank with Dhs5m

UAE fines foreign bank Dhs5m for money laundering breaches

The central bank directed the foreign bank to present the regulator’s action to its board of directors

Joby Aviation applies for aircraft certification in the UAE

Flying taxi firm Joby applies for aircraft certification in the UAE

Joby’s S4 Aerial taxi can transport five people at speeds up to 322km per hour, completing the journey from Abu Dhabi to Dubai in just 30 minutes

Are you a 'citizenship by descent' candidate?

Are you a ‘citizenship by descent’ candidate?

Citizenship by descent offers a pathway to global mobility, enabling individuals to reclaim their heritage while gaining access to benefits like living, working, and studying in foreign countries

leadership - Middle East

5 key strategies for business success in the Middle East

Despite regional flux, up to 42 per cent of UAE-based regional CEOs expect double-digit growth in 2024 indicating a thriving business environment, as per an EMIR survey

M42 to manage, operate Zayed Military Hospital in Sharjah

M42 to manage, operate Zayed Military Hospital in Sharjah

M42 is set to officially commence full-scale operations at the military hospital in early 2025

UAE’s economy grew 3.4% in first quarter of 2024

UAE’s economy grew 3.4% in first quarter of 2024

The financial and insurance sector, trade activities and manufacturing were among the biggest contributors to non-oil GDP

Tourism’s share to UAE GDP seen at Dhs450bn by 2031

Tourism’s share of UAE GDP to hit Dhs450bn by 2031

The sector’s contribution to the economy rose by 11.7 per cent to Dhs220bn last year and is forecasted to rise to 12 per cent or Dhs236bn in 2024

UAE President host Egyptian Minister Dr Badr Abdel Ati, Egypt's Minister of Foreign Affairs and Migration Image WAM

UAE, Egypt discuss strategic cooperation during high-level meet

The discussion focused on enhancing bilateral cooperation across economic, developmental and political spheres

Insights: How UAE is enabling network transformation in the AI age

Insights: How UAE is enabling network transformation in the AI age

Enabling AI-powered solutions will change how we live, work, and play– this is being made possible by higher-performance, lower-latency 5G and private 5G networks

NielsenIQ H1 report reveals region's split shopper preferences

NielsenIQ H1 report reveals region’s split shopper preferences

According to the NielsenIQ H1 report, UAE shoppers exhibit a stronger loyalty to brands, often seeking promotions on their preferred choices

UAE's Rebound launches subscription-based recycling platform

UAE’s Rebound launches subscription-based recycling platform

Rebound’s platform expansion comes at a time when the UAE’s plastic recycling market alone is projected to reach 1.44 million tonnes by 2030

UAE, Jordan sign $2.3bn agreement to build railways

UAE, Jordan sign $2.3bn agreement to build railways

The rail projects, as well as other investment initiatives, are part of the $5.5bn investment projects package signed by the two countries last year

EtihadWE inaugurates four stations across emirates, invests Dhs422m

EtihadWE inaugurates four stations across emirates, invests Dhs442m

The substations are monitored remotely using advanced equipment, allowing for greater operational efficiency and reducing maintenance requirements

UAE unveils AML, CFT national strategy 2024-27 Image courtesy WAM

UAE approves new AML, CFT national strategy for 2024-27

The strategy, formulated around 11 strategic goals, introduces legislative and regulatory reforms to combat money laundering and terrorism financing

UAE President pardons Bangladeshis jailed for protesting

UAE President pardons Bangladeshis jailed for protesting

The decision includes cancelling the sentences of those convicted, and those pardoned will be deported from the UAE

AD Ports Group’s Noatum unveils new rail logistics solution

AD Ports Group’s Noatum unveils new rail logistics solution

The logistics firm plans to expand the service by increasing the number of weekly departures between Khalifa Port and Fujairah Terminals, depending on demand

ADQ’s Silal buys majority stake in Al Bakrawe

ADQ-backed Silal to acquire majority stake in Al Bakrawe Holding

The company’s global sourcing network complements Silal’s extensive network of local farms

UAE to announce petrol, diesel prices for September; will rates drop?

UAE: Petrol, diesel prices for September 2024 announced

The fuel price committee reduced retail prices for Super 98, Special 95, and E-Plus 91 by as much as 0.15 fils per litre in September

AD Ports ranks among global top 20 port operators, reveals survey

AD Ports Group ranks among global top 20 port operators, reveals survey

The ranking is based on container throughput, an industry metric, with AD Ports Group reporting a 13 per cent YoY rise to 4.91 million TEUs in 2023

UAE: MoF issues Dhs1.1bn Islamic treasury sukuk for Aug

UAE’s MoF issues Dhs1.1bn Islamic treasury sukuk for Aug

The Islamic T-Sukuk issuance programme aims to build a UAE-dirham denominated yield curve and boost the local debt capital market

UAE cuts visa process from 30 days to five

UAE provides update on visa amnesty initiative

Authorities have announced that the amnesty covers various visa categories, including expired residencies and tourist visas, as well as undocumented individuals

UAE women's day

How ECA’s parent-friendly label programme supports women

On UAE Women’s Day, a look at how Laila Yousef Al Hassan and the ECA’s Parent-Friendly Label Programme are transforming workplace practices to support female participation and work-life balance

flynas boosts UAE network, with 8 destinations and routes

flynas boosts UAE network, with 8 destinations and routes

The budget carrier will add three more UAE destinations, including Al Maktoum International Airport, Shaikh Zayed International Airport and Sharjah International Airport

12 criminal charges that Telegram’s founder is facing in Paris

French prosecutors have published details surrounding the arrest of Telegram founder Pavel Durov along with a list of charges levelled against him