#UAE

UAE - WEATHER - RAIN-NCEMA

UAE weather: More rains from Monday forecasts NCM

Dubai is expected to receive minimal rainfall with partly cloudy conditions on most days this week

Dubai airport departure operations improving steadily, says CEO

Dubai Airports’ Paul Griffiths says departures improving steadily

To reduce congestion, the airports operator advised travellers against arriving too early at Dubai International Airport to avoid overcrowding

Emirates, Boeing partner to advance aircraft maintenance

Dubai’s Emirates halts check-in for connections after bad weather

The suspension is aimed at supporting operations recovery at Dubai International Airport as the travel hub continues to struggle to clear a backlog of flights

UAE signs bilateral trade deal with Colombia

UAE, Colombia sign a bilateral trade agreement

The trade pact follows a significant increase in bilateral non-oil trade between the two countries, which reached a record $53.1m in 2023

NCM forecasts more rain across the UAE next week

UAE weather: More rain expected across Emirates next week

The country is expected to experience light to moderate rainfall, which could be heavy in some areas

Emirates REIT reports highest even property income in 2023 Image courtesy- Deejpilot Getty Images

Real estate: Emirates REIT property income hits a record $74m in FY2023

Emirates REIT’s net property income surged by 12 per cent to $62m, driven by strategic asset performance optimisation

car insurance-home-insurance-rain

How to claim insurance due to rain damage: Understanding ‘force majeure’ clause

In light of weather-related damage caused to property and vehicles, it is important to understand the tools available to claim insurance

Dubai-based Telegram to hit 1 billion users, says founder

The popular Telegram messaging app, which is headquartered in Dubai, currently has over 900 million users

Egypt’s finance minister says cutting inflation is priority

Egypt’s finance minister says cutting inflation is priority

Inflation dipped to 33.3 per cent in March from a record 38.0 per cent in September

PICS: Flooded roads, stranded cars amid massive UAE storm

A low pressure weather system that swept across the country on Tuesday caused widespread disruption

UAE's FTA introduces Taxpayer Charter, lists rights, obligations image FTA

UAE’s FTA introduces Taxpayer Charter, lists rights, obligations

The introduction of the Taxpayer Charter is part of the FTA’s broader efforts to enhance taxpayer awareness about the UAE tax system

Sheikh Hamdan dubai

Sheikh Hamdan announces remote work for Dubai Government due to ‘unstable weather’

The NCM has forecast unstable weather conditions including rain and thunderstorms

Emirates Development Bank milestones in numbers GettyImages-124638324

In numbers: Emirates Development Bank’s role in boosting UAE’s economy

The development bank has set an ambitious target of providing Dhs30bn in financing support to 13,500 companies by 2026

UAE

UAE jumps 10 places in global FDI confidence index

Developed markets dominate the top 25, but emerging markets like the UAE and Saudi Arabia witness significant rises

UAE reportedly considering 10-year golden business licences

UAE reportedly considering 10-year golden business licences

The new trade licences are expected to increase government revenue, ensure business continuity, and promote economic growth

Louvre

Louvre Abu Dhabi draws over 1.2 million visitors in 2023

Since its opening in 2017, the Louvre Abu Dhabi has not only attracted art enthusiasts and collectors but also positioned the emirate as a global cultural hub

Opec+ oil output policy

OPEC+ unlikely to move oil output before June meeting

This year, international oil prices have been strong, with Brent holding above $80 a barrel

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

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

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