#UAE

UAE forecasts cloudy skies, rainfall from Wednesday

UAE weather: Rain, cloudy skies expected in some areas

The light to moderate rainfall and, at times, heavy is associated with convective cloud formation in eastward and northward areas

UAE economy to grow by 5.1% in 2025, says IMF

UAE economy to grow by 5.1% in 2025, says IMF

Growth in the UAE is broad based and driven by solid domestic activity in sectors such as tourism, construction and financial services

How ADNOC is elevating the consumer journey at the pump

How ADNOC Distribution is elevating the consumer journey at the pump

Maaz Qureshi, vice president of Digital Business at ADNOC Distribution, says the company is investing in AI-powered solutions to drive operational excellence

Dubai SME H1 2024 performance highlights Image Getty-Images-1417041621

Dubai nears 100,000 new homes in 2024, says real estate firm

So far, 99,779 units have been launched this year, putting the market on track to beat the all-time high of 101,654 new homes in 2023

Supermarket retailer Lulu to offer 25% stake in IPO

Lulu plans to offer more than 2.582 billion shares in the IPO, which will run from October 28 to November 5, according to its intention to float document

From tourist eSIMs to fibre-to-the-room, e& on its latest UAE offerings

Khaled ElKhouly, chief consumer officer at e& UAE, speaks about his company’s presence at GITEX 2024, as well as providing insight into the products they have launched in the market

Interview: Essam Al Tamimi on building a regional legal powerhouse

Al Tamimi & Company has grown from a single office in Sharjah to become the largest law firm in the Middle East

Kenya in talks for a $1.5bn commercial loan with UAE

The East African nation is seeking to diversify its sources of financing

Microsoft’s cloud ecosystem to contribute over $74bn to UAE economy in 4 years Getty Images

Microsoft’s cloud ecosystem to contribute over $74bn to UAE economy in 4 years

The report, launched at GITEX Global 2024, found that Microsoft, its ecosystem and IT departments in customer companies will add 41,800 new skilled IT jobs into the UAE economy between 2024-28

Abu Dhabi fund ADQ to acquire 96% of Bank Audi’s Turkish unit

Abu Dhabi fund ADQ to acquire 96% of Bank Audi’s Turkish unit

The fund’s investment will provide fresh capital, allowing Odeabank to leverage opportunities within the wider group

UAE to host first regional food center to support food security and systems Image-courtesy-WAM

UAE to host first regional centre of excellence to boost food security

The establishment of the UAE-hosted Regional Center of Excellence aims to contribute to global efforts to combat food insecurity and improve sustainability

Etihad Rail secures key global partnerships to boost infrastructure

Etihad Rail secures global partnerships to boost infrastructure, operations

Among the agreements signed at Global Rail 2024, an MoU was inked with Presight AI to explore AI-driven solutions across Etihad Rail’s operations

Empowering women entrepreneurs: unlocking a multi-trillion-dollar opportunity

The road to business growth and sustainability for women entrepreneurs is often fraught with obstacles, writes the author

OKX shakes up Dubai’s crypto scene with new exchange

The launch was announced at a gala event at the Museum of the Future, Dubai, on October 10, 2024.

UAE seals bilateral trade talks with Malaysia

UAE seals bilateral trade talks with Malaysia

Non-oil trade between the UAE and Malaysia reached $2.5bn in the first half of 2024, a 7 per cent increase compared to the same period in 2023

Telecom giant du unveils new sub-brands; expands portfolio

Telecom giant du revamps b2b portfolio, unveils new sub-brands

The revamped B2B portfolio marks a significant shift for du, allowing the company to offer more than just connectivity

UAE-Oman Hafeet Rail secures $1.5bn financing facility

UAE-Oman Hafeet Rail secures $1.5bn financing facility

The network will accommodate passenger trains, each capable of carrying up to 400 passengers at a speed of 200 km/hour

How the UAE’s record budget will be spent in 2025

The budget maintains a balance between income and spending, with both revenues and expenditures approved at $19.6bn (Dhs71.5bn)

Branded residences: UAE real estate’s most lucrative trend

Branded residences: UAE real estate’s most lucrative trend

The exponential rise of branded residences is impressive when you consider the figures: there are over 120 developments that can be classed as ‘branded residences’ in the UAE, compared to 69 in 2022

UAE, Jordan sign comprehensive economic partnership agreement

The UAE’s latest CEPA deal is with this Arab nation

The deal builds on robust UAE-Jordan economic ties, with non-oil trade reaching over $4.2bn in 2023

TAX

The newest VAT exemptions for UAE crypto, investment firms

The UAE’s new VAT updates will impact several sectors, with investment fund management and virtual assets receiving key exemptions

UAE, Serbia strengthen economic partnership, exchange CEPA

UAE, Serbia strengthen economic partnership, exchange CEPA

This agreement is poised to deepen trade ties and investment opportunities, focusing on priority industries, creating jobs, and bolstering supply chains

Tackling the surge in fraud during UAE’s peak shopping season

Tackling the surge in fraud during UAE’s peak shopping seasons

We look at measures that businesses can take to mitigate three common types of fraud that become more prevalent during peak shopping periods

UAE insurance sector reports profits of Dhs2.5bn in 2023: CBUAE

UAE insurance sector reports Dhs2.5bn in profits in 2023: CBUAE

According to CBUAE, the insurance sector’s growth was driven by increased policy activity, investment returns, and a rising demand for coverage in key areas such as property and employment

OPEC+ doing ‘noble’ job of balancing oil market, says UAE

OPEC+ doing ‘noble’ job of balancing oil market, says UAE

UAE energy minister said OPEC+ has sacrificed more than others but the critical element is that it is staying together

UAE: Petrol, diesel prices for October 2024 announced

UAE cuts petrol, diesel prices for October 2024

The fuel price committee reduced retail prices for Super 98, Special 95, and E-Plus 91 by as much as 0.24 fils per litre in October

FTA extends corporate tax filing deadline for some businesses to Dec 2024 Image-by-WAM

Corporate tax: FTA extends filing deadline for some businesses

Taxable persons incorporated on or after June 1, 2023, with tax periods ending on or before February 29, 2024, now have until December 31 to fulfill their corporate tax obligations

UAE commits USD 30m to Ghana to support climate initiatives. Getty Images/ For illustrative purposes

UAE commits $30m to support Ghana’s climate, biodiversity initiatives

The UAE and Ghana are also members of the Forest and Climate Leaders Partnership, further emphasising their commitment to global climate and biodiversity efforts

Abu Dhabi, Dubai CDS drops; reflects fiscal resilience: CBUAE

Abu Dhabi, Dubai CDS drop; reflects fiscal resilience, says CBUAE

These developments reflect a robust economic landscape in the UAE, characterised by a solid banking sector and increasing investor confidence

Chris Martin of Coldplay performs onstage at the 2024 iHeartRadio Music Festival at T-Mobile Arena on September 21, 2024 in Las Vegas, Nevada.

Coldplay fever grips UAE as band announces fourth Abu Dhabi gig

The band has broken records at venues worldwide, praised for their high-energy performances and sustainability efforts