The directive by the General Authority for Islamic Affairs, Endowments, Zakat (AWQAF) took effect on Friday, 28 June, and will last until early October
The fuel price committee slashed the retail prices for Super 98, Special 95, and E-Plus 91 by 20 fils per litre compared to the previous month
The debt is rated Aa2, the third-highest investment grade, by Moody’s and one step lower at AA- by Fitch Ratings
The facility in Abu Dhabi’s Al Ruwais will have the capacity to produce one million tonnes of low-carbon ammonia per year starting in 2027
The group is witnessing a surge in clients demanding personalised, sustainable, and technology-integrated designs
In April, food and beverage inflation declined to 2.3 per cent, down from an average of 3.3 per cent seen in the first quarter
In an interview with Gulf Business, Kevin Miller, VP – Global Data Centres at Amazon Web Services (AWS), delves into the company’s significant expansions and strategic initiatives in the MENAT region
A faster growing oil and gas sector in 2025 will boost growth in the UAE, says a report
Jochen Knecht, CEO at IFZA, shares how the free zone is committed to empowering startups with the tools, resources, and support they need to succeed in a rapidly evolving business landscape
Mahmoud Bartawi founded Under500, a brand that was ultimately acquired by dark kitchen outfit Kitopi after raising $700m from investors
National banks accounted for 90 per cent of the combined credit to the two sectors, while the remaining 10 per cent (Dhs84.3bn) came from foreign banks
The report shows a significant increase in HNWI migrations, highlighting a growing trend of millionaires seeking stability and opportunity in favourable jurisdictions
In an exclusive interview with Gulf Business, SharkNinja’s Tom Brown shares the strategy driving the global product design and technology company’s expansion in the UAE and Middle East
The CTO shares the findings of Help AG’s State of the Market Report, which delivered key insights into cybersecurity threats, trends and emerging technologies over the past year
CBUAE highlighted a quarter over quarter rise of 5.7 per cent, equivalent to Dhs42.7bn, compared to about Dhs743.95bn at the end of Q4 2023
In addition to approving the housing aid, the cabinet launched the Manzili initiative, a streamlined service bundle designed to simplify the housing loan application process for programme beneficiaries
The global financial giant has tapped former Mubadala and Goldman Sachs executive to lead its operations in the three GCC countries
The new traffic law, aims to facilitate the broader adoption of self-driving vehicles and electric cars, keeping in line with advances in modern urban planning and sustainability efforts
Real estate ownership through a corporate entity offers several important benefits over purchasing as an individual, especially when it comes to financial efficiency and legal protection
The forex market is constantly evolving, so it’s crucial to keep learning and adapting to stay ahead
The exchangeable bonds were issued in May 2021 along with the offering of approximately 375 million shares in ADNOC Distribution
Public and private sector workers will have a four-day weekend to mark Eid Al Adha 2024
Delivery bikers will be given interactive maps to help them easily locate and access the rest stations during the midday break
The initiative was unveiled in 2021 to pilot cross-border payments in digital currencies issued by central banks
The figures were part of the consolidated financial statement published by the UAE’s Ministry of Finance
The commercial venture will be implemented in early 2025 when the two carriers secure governmental approvals
The trade pact between the two states is expected to boost investment in Malaysia by the Gulf state’s sovereign wealth funds
The transaction achieved the largest price tightening by any UAE bank in the last five years for an additional tier 1 transaction
MENA countries have made significant progress in empowering women economically, politically, and socially, and considers women to be key partners in sustainable growth
Dubai has historically been a city where many people prefer renting, but visa reforms are driving a shift towards home ownership