#UAE

EDGE weapons on display

UAE’s EDGE expands global footprint with Brazil office

The new office will be managed by a dedicated and experienced team of professionals from within the defence industry and local business ecosystems

UAE corporate tax exemptions

UAE reveals list of entities exempted from corporate tax

The Ministry of Finance said government entities, government-controlled entities as well as extractive businesses are exempted from corporate tax

Dubai Endowment project

Dubai Endowment unveils new ‘Well of Water’ endowment project

The initiative is a part of independent ‘Well of Water’ endowment projects commenced by Dubai Endowment in 2019

Careem

UAE telecoms giant e& Group acquires $400m stake in Careem Super App

The company plans to use the proceeds from the new investment to accelerate its ambitious vision to create the first ‘everything app’

Golden Visa entry visa

UAE announces new entry permit fees for Golden Visa

The long-term visa offers select groups the ability to work, live and study in the country without the need for sponsorship

UAE and Vietnam trade

UAE, Vietnam to launch free trade talks

The trade and investment exchanges between the UAE and Vietnam totalled Dhs13.5bn in 2022, up 9 per cent from 2021

Emirates A380 (Image: Supplied by Emirates)

Emirates to begin daily flights between Dubai and Toronto

The enhanced services between the two destinations will commence on April 20

Pole Position’s Ryan Trutch on how he is nurturing young talent

Pole Position’s Ryan Trutch on how he aims to drive the region’s young talent to the finishing line

The company is introducing Greenpower in the UAE to promote Science, Technology, Engineering, and Maths (STEM) education

UAE global merchandise trade crosses one trillion dollars Getty images

UAE’s global merchandise trade exceeds $1tn in 2022

According to WTO data, the UAE ranked 11th in terms of exports of commodities and was the 18th importer of global merchandise goods worldwide

UAE new corporate tax

UAE to offer corporate tax relief to small businesses

The tax relief seeks to support startups and other small businesses by reducing their corporate tax burden and compliance costs

UAE homegrown brand CAFU, launches globally with EV charging solution

UAE’s CAFU launches in Canada with EV charging solution

CAFU’s service will allow EV owners in Quebec to charge their cars at the tap of a button, boosting access to charging infrastructure

National Bonds_Group CEO

National Bonds sees 15% growth in 2022, investment portfolio rises to Dhs13.7bn

National Bonds attributed the strong growth to solutions such as the Golden Pension Plan, Global Savings Club and Sukuk Al Waqf

Mark Willis, CEO for Fairmont Hotels and Resorts. (Image: Supplied by Fairmont)

Accor’s Fairmont relocates global headquarters to Dubai

Mark Willis, former Accor CEO for the Middle East, Africa, India and Türkiye, is now the CEO for Fairmont Hotels and Resorts

Yango Delivery C2C service

Yango Delivery launches new rapid C2C delivery service

The company will charge Dhs15 for its on-demand delivery service and plans to run promotions for consumers that sign up for the service

UAE launches Goldern visa platform

UAE makes Golden Visa application easier with ‘one touch’

The long-term visa offers select groups the ability to work, live and study in the country without the need for sponsorship

Hamad Alshamsi Amanat healthcare photo courtesy twitter amanat

Amanat Holdings launches new healthcare platform

Amanat also plans to consider further value creation options for Amanat Healthcare, including a potential initial public offering on a regional exchange in the near term

Photo courtesy Mohammed bin Rashid Al Maktoum Global Initiatives _ 1 Billion Meals Initiative Completes Distribution of 3.6 Million Meals in Jordan’s Refugee Camps

Ramadan 2023: UAE rallies together to raise Dhs404m for ‘1 Billion Meals’ Campaign

More than 70,000 donators, including individuals, institutions and businesses from both the public and private sectors, have contributed in the first 10 days

AD Ports Photo WAM

UAE’s AD Ports Group secures $2bn syndicated corporate facility

The multi-currency facility, equivalent to around $2bn, includes three tranches amounting to EUR600m, $620m, and Dhs2,863m with a tenure of up to 2.5 years

UAE pedestrian crossing

UAE: Pedestrian crossing violators face Dhs500 fine

Police officials have urged motorists to stop at crossings and give way to pedestrians

Oil prices surges after OPEC+ cuts

Oil surges after OPEC+ makes unexpected crude production cut

Oil prices surged after OPEC+ pledged to make production cuts starting next month that will exceed one million barrels a day

UAE banks' net profits

Top 5 UAE banks’ combined annual net profit rises to $11.5bn in 2022

The sector is expected to maintain a stable outlook in 2023 driven by growing demand for digital services and industry competitiveness

uae-FDI-ranking -adobe-stock

UAE ranks 18th globally in FDI confidence index

The GCC countries were high in the emerging markets ranking with Qatar ranking fourth and Saudi Arabia ranking sixth globally

UAE reduces fuel prices

UAE reduces fuel prices for April

The fuel price committee marginally slashed the rates by 8 fils per litre, after two consecutive months of increases

Dubizzle owner mulls UAE IPO

Dubai-based owner of Dubizzle mulls UAE IPO

Emerging Markets Property Group is set to hire Rothschild & Co. for the potential IPO in Dubai or Abu Dhabi

Wio Bank new partnership

ADQ-backed Wio Bank, Paymentology partner to enhance SME banking

The digital bank offers SMEs seamless access to banking services while allowing them to move forward with innovative beyond-banking services

DFM and Dubai Chamber

DFM, Dubai Chamber of Commerce partner to boost IPOs

The two entities have partnered with advisory firms that are a key part of the city’s financial and business ecosystem

Schengen visa application

EU inches closer to digitalise Schengen visa procedure

The proposal aims to make the visa application procedure more efficient and to improve the security of the Schengen area

UAE leaders wish India on its independence Day

UAE President names new Vice President, Crown Prince of Abu Dhabi

Sheikh Mansour Bin Zayed Al Nahyan will serve as UAE Vice President alongside Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President and Prime Minister, and Ruler of Dubai

UAE Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi

UAE, Costa Rica to launch free trade talks

The CEPA programme was launched in September 2021 to expand UAE’s trade and investment partnership with several strategic global markets

bp and adnoc to form JV media centre

BP, ADNOC bid for interest in NewMed Energy

The two entities intend to form a new joint venture that will focus on gas development in international areas of mutual interest