#UAE

Abu Dhabi, Dubai property market upbeat on both demand and supply side

Real estate Services Company Asteco’s CEO, HP Aengaar shares the highlights of Abu Dhabi and Dubai’s property market in the first quarter of the year and the outlook for demand and supply in the upcoming months

UAE restaurants on sustainability

Here’s how UAE restaurants are driving sustainability

Restaurants in the UAE have embraced sustainable practices to reduce their environmental impact and protect the planet for future generations

Guests Enjoying Eid Al Adha Fireworks Image DCT Abu Dhabi

Eid Al Adha 2023: Watch fireworks for free in Dubai, Abu Dhabi at these places

Eid Al Adha fireworks are being staged across Dubai and Abu Dhabi, with some locations featuring firework displays for up to five nights

UAE banking system

UAE banks reap the benefits of an economic boom

Strong capital buffers have supported the UAE financial services sector over the years and banks are re-articulating their value proposition to thrive in the new digital environment

ADNOC Drilling secures $2bn offshore jack-up contracts

ADNOC Drilling secures $2bn offshore jack-up contracts

The drilling company said the awarding of the contracts follows more than $11.5bn in long-term contracts announced since the beginning of 2022

UAE’s Museum of the Future join hands with MBRSC

Museum of the Future, MBRSC to spotlight UAE space milestones

The partnership was announced by Emirati astronaut Sultan Al Neyadi in a video filmed from the International Space Station

Pet-friendly communities

Pet-friendly communities: Co-existing with your furry friends in UAE

Here’s how community managers can help create a sustainable, pet-friendly environment

UAE’s 2022 GDP grows 7.9%, driven by non-oil activities

UAE’s 2022 GDP grows 7.9%, driven by non-oil activities

The statistics authority attributed the growth of the economy to innovative economic initiatives related to non-oil sectors and activities

Dubai announces comprehensive plan to ensure safe Eid al adha celebrations-courtesy-Dubai-Media-Office

Eid Al Adha 2023: Dubai puts comprehensive security plan in place for holidays

The plan involves government departments and police centres across the city

Mohammad A. Baker, Deputy Chairman and CEO of GMG and Mahmood Ameen, Chief Executive Officer, Emirates Flight Catering announcing the partnership Image GMG

Emirates Flight Catering, GMG ink deal to provide ready-to-go meals

The meals will be prepared based on a menu curated by Emirates Flight Catering chefs

Astra Tech National Bonds Sign MOu to iffer investment solutions to Botim Image Astra Tech Botim

Botim users to benefit from Astra Tech, National Bonds saving, investment solutions

This partnership gives Astra Tech customers access to microfinance options specifically designed for individuals with low and medium incomes through Botim, supported by National Bonds’ Al Manassah Platform

UAE education UAE MoE updates process to recognise foreign degrees Image credit Getty Images

UAE simplifies recognition process for foreign university degrees

The updated system highlights the need for attesting previous degrees, and complying with a minimum physical presence requirement of 30 days for master’s graduates and 168 days for bachelor’s graduates

UAE weather rain summer temperatures

UAE’s top tourist attraction revealed

The destination holds twice the popularity compared to any other venue

CBUAE on UAE banks’ assets

Gross assets of UAE banks hit Dhs3.8tn in April

The central bank said banks’ gross credit increased by 0.1 per cent to Dhs1.89tn in April, driven by a 0.4 per cent growth in domestic credit

Majid Al Futtaim x Tabby to introduce flexible payment solutions Image Majid Al Futtaim

Majid Al Futtaim, Tabby to introduce flexible payment solutions

The collaboration will further enable customers to better manage their spending and make purchases more conveniently both in-store and online

Ahmed Al Naqbi, CEO Emirates Development Bank Image Emirates Development Bank

Emirates Development Bank launches UAE’s first agritech loans programme

The programme is targetted at farmers, local producers, technology providers, equipment suppliers, and those involved in the agriculture support ecosystem

al khayyat investments _ interview with Managing director Zaid Al Khayyat Image Supplied

Zaid S Al Khayyat of Al Khayyat Investments shares the company’s expansion plans

The holding company’s managing director highlights how the company has been charting its growth path as it supports Dubai’s grand economic vision

Republic of the Congo

AD Ports Group to develop Republic of the Congo multipurpose terminal in 30-year agreement

AD Ports will hold exclusive rights to invest in and oversee the development, operation, management and maintenance of the New East Mole Port

UAE islamic banks assets

UAE Islamic banks’ Q1 2023 assets up 7.3%

The UAE central bank said Islamic bank’s gross assets increased by 7.31 per cent in Q1 2023, equivalent to Dhs44.3bn

Arab Yout survey 2023

Sheikh Mohammed hails UAE ranking as most desirable country to live in for 12th consecutive year

The results of the survey comprise responses from 3,600 young Arabs living in 53 cities across 18 different countries

Emiratisation

MoHRE imposes Dhs100,000 fine for fraudulently evading Emiratisation target

As of July 8, companies that were found non-compliant with the Emiratisation targets will face Dhs42,000 fine for each Emirati they have not employed

Emirates Stell Arkan introduces new operating model Image credit Emirates Steel Arkan

UAE’s Emirates Steel Arkan introduces new operating model, creates 2 separate units

The new operating model has resulted in the creation of two separate business units – Emirates Steel and Building Materials

UAE QATAR

UAE, Qatar embassies resume operations

Both parties emphasised that this move reflects the determination of the leaderships of both nations to strengthen Arab cooperation

Eid al fitr 2024

Eid Al Adha 2023: Public holidays announced for UAE private sector

The Ministry of Human Resources and Emiratisation has announced a public paid holiday on the occasion of Arafat Day and Eid Al Adha

UAE pledges $15m to UN Women to advance women's empowerment Image credit WAM

UAE pledges $15m to UN Women to advance gender equality

The UAE is currently serving on the UN Women Executive Board from 2023 until 2025

Female engineer at UAE construction site

UAE construction sector open to state-monitored playbook

The adoption of a monitored playbook approach is expected to drive earlier stakeholder engagement and team collaboration

Rome (Image: Supplied by Etihad Airways)

Etihad to increase frequency of flights to Rome

The airline will raise the number of weekly services it operates between Abu Dhabi and the Italian capital from seven to 11

UAE, Qatar central banks maintain key interest rates

UAE, Qatar central banks keep interest rates steady, tracking US Fed move

The move by the Fed to leave its benchmark rate unchanged suggests that higher borrowing costs have made some progress in slowing inflation

UAE banking sector savings deposits

Savings deposits in UAE banking sector hit $71.6bn in March

The central bank said savings deposits in the UAE banking sector jumped 4.7 per cent year-on-year compared to Dhs251.3bn in March 2022

UAE, Kazakhstan trade credit agencies sign an MoU

UAE, Kazakhstan export credit agencies sign agreement to boost trade

The two entities agreed to form a task force to explore more opportunities for cooperation, with a focus on seven strategic areas