The Dubai showroom’s launch follows the debut of Chery’s flagship showroom in Sharjah, with plans to extend its presence to Abu Dhabi and other emirates
Eight out of the 14 MENA IPOs in Q2 2024 delivered positive returns by the end of June, with Miahona Company achieving the highest gain of 90.4 per cent
AD Ports Group’s revenue more than doubled YoY to Dhs4.18bn in Q2, with the number touching Dhs8.06bn for H1, a 108 per cent YoY increase
The decree outlines stricter regulations on employment relationships, clearly defining the rights and obligations of all parties and ensuring their protection by UAE law
This move is part of the UAE’s ongoing efforts to enhance its legal and regulatory framework in the fight against financial crimes
Burjeel Holdings remains focused on expanding its oncology services, which are expected to play a key role in boosting future revenue streams
The ministry of finance said its inspections of the refineries uncovered 256 violations, eight for each refinery
The UAE is leading the charge in technological innovation and embracing the digital economy through forward-thinking digital asset regulation
The company’s gross profit rose by 12.3 per cent year-on-year to Dhs659m, with a gross profit margin of 41.3 per cent, up 90 basis points from the previous year
The increase in visa applications coincides with the peak travel season, influenced by favourable European weather and major events such as the 2024 Paris Olympics
The NCM forecasts the eastern and southern regions of the country will experience some rain showers, due to a ‘Intertropical Convergence Zone’
Insurers face significant challenges related to climate change, impacting both value creation and emissions reporting
Jayesh Patel says that the belief that neobanks struggle with profitability is a misconception while noting that digital banks can be profitable with a defined business objectives
Blinken has spoken to his counterparts in Saudi Arabia, the UAE and Qatar as tensions have ratched up in the region, in recent days
The fuel price committee raised retail prices for Super 98, Special 95, and E-Plus 91 by as much as 0.06 fils per litre in August
Non-oil trade between the UAE and Chile reached $306m in 2023 with both countries aiming to triple this figure by the end of 2030
The funds will be distributed in the UAE by locally licenced promoters, including onshore conventional and Shariah-compliant consumer banks
The move came a month after the European Commission began investigating an unlimited guarantee and a loan from UAE-controlled banks that facilitated the deal
The fuel price committee reduced retail prices for Super 98, Special 95, and E-Plus 91 by 15 fils per liter in July compared to the previous month
The company has invested in renewable projects around the world at different stages of development, valued above $30bn
The world’s second-biggest bullion consumer slashed import duties on gold and silver to 6 per cent from 15 per cent
The bank’s profit before tax grew by 15 per cent year-on-year to Dhs10bn
Findings from Edelman Smithfield’s UAE Investor Pulse Survey 2024, show that 67 per cent of respondents agreed that having two distinct exchanges benefits the UAE capital markets
The UAE has long advocated deeper EU involvement in the region
flydubai announced the purchase of 175 Boeing 737 MAX airplanes in 2017
The MD of Al-Futtaim Electric Mobility Company shares that EV maker BYD’s SEAL, SONG PLUS and HAN models are very popular in the UAE and Saudi Arabia
The ranking marks a significant rise for the UAE, which has climbed from 62nd to 9th position, over the past 18 years
The TDRA warned users of the global IT outage and said it is closely monitoring the developing situation
In line with the partnership with Eversendai, Emirates Steel will supply premium steel beams for the construction of the ski village
Union Pledge Day joins the ranks of other national occasions in the UAE, including Union Day, Flag Day, and Commemoration Day