#UAE

EDGE unveils new space company ‘FADA’

UAE defence firm EDGE forays into space domain with ‘FADA’

The space firm will create advanced facilities for designing, building, testing, and integrating various satellite components

UAE treasury bonds, sukuk programmes achieve Dhs25bn in issuances

UAE treasury bonds, sukuk programmes achieve Dhs25bn in issuances

The ministry’s efforts to strengthen the local currency bond market and diversify funding sources are crucial in fostering a stable financial landscape

Shaping Sharjah’s transformation: Shurooq CEO shares insights

Shaping Sharjah’s transformation: Shurooq CEO shares insights

Ahmed Obaid Al Qaseer says Shurooq is harnessing Sharjah’s cultural heritage, while implementing initiatives that boost tourism and investment

How Bidzi plans to revolutionise UAE’s SMEs market

Bidzi forays into the UAE to revolutionise M&A market for SMEs

The platform addresses common challenges in the M&A process, such as high costs and fragmented service models, streamlined, and cost-effective alternative

Rorix Holdings, Adani Ports ink MoU, target commodities market ecosystem

Rorix Holdings, Adani Ports ink MoU, target commodities market ecosystem

The partnership aims to enhance transparency, efficiency and security within the commodities market, benefitting stakeholders across the globe

Dubai's first female land rescue team image courtesy WAM

Introducing UAE’s first female land rescue team

Dubai Police’s female land rescue team consists of 18 non-commissioned officers

Egypt seeking investment on southern Red Sea coast

Egypt seeking investment on southern Red Sea coast

Egypt has been seeking large-scale investments as it tries to overcome a long-running economic crisis that led to record inflation

Arab businesswoman giving presentation to coworkers in office

Women must be on boards of private joint-stock firms, UAE announces

Starting from January next year, at least one seat must be allocated for women after the end of term of the current boards

UAE central bank’s foreign assets up 2% in February

UAE slashes interest rates by 0.5% after US Fed decision

The Central Bank of the UAE (CBUAE) said it has reduced the base rate applicable to the overnight deposit facility (ODF) by 50 basis points, from 5.40 to 4.90 percent

Japan, UAE to enter economic partnership talks

Japan, UAE to enter economic partnership talks

The two countries agreed last year to cooperate on technology and climate change, including investments in the chip and battery sectors

UAE banking sector's liquid assets surpass Dhs800bn in Q2 2024

UAE banking sector’s liquid assets exceed Dhs800bn in Q2 2024

On a quarter-on-quarter basis, liquid assets rose by 2  per cent, or Dhs14.9bn, compared to Dhs786.6bn at the end of Q1 2023

UAE, Australia reach trade deal to boost exports, investment

UAE, Australia reach trade deal to boost exports, investment

The trade pact will remove tariffs on about 99 per cent of Australian products, resulting in savings of $91m (AUD135m) in the first year

MySyara partners with Mobil, launches UAE's first cloud garage network

MySyara partners with Mobil, launches UAE’s first cloud garage network

The company aims to set up a network of 20 cloud garages across UAE by the end of 2025

UAE central bank fines local bank with Dhs5m

UAE fines foreign bank Dhs5m for money laundering breaches

The central bank directed the foreign bank to present the regulator’s action to its board of directors

Joby Aviation applies for aircraft certification in the UAE

Flying taxi firm Joby applies for aircraft certification in the UAE

Joby’s S4 Aerial taxi can transport five people at speeds up to 322km per hour, completing the journey from Abu Dhabi to Dubai in just 30 minutes

Are you a 'citizenship by descent' candidate?

Are you a ‘citizenship by descent’ candidate?

Citizenship by descent offers a pathway to global mobility, enabling individuals to reclaim their heritage while gaining access to benefits like living, working, and studying in foreign countries

leadership - Middle East

5 key strategies for business success in the Middle East

Despite regional flux, up to 42 per cent of UAE-based regional CEOs expect double-digit growth in 2024 indicating a thriving business environment, as per an EMIR survey

M42 to manage, operate Zayed Military Hospital in Sharjah

M42 to manage, operate Zayed Military Hospital in Sharjah

M42 is set to officially commence full-scale operations at the military hospital in early 2025

UAE’s economy grew 3.4% in first quarter of 2024

UAE’s economy grew 3.4% in first quarter of 2024

The financial and insurance sector, trade activities and manufacturing were among the biggest contributors to non-oil GDP

Tourism’s share to UAE GDP seen at Dhs450bn by 2031

Tourism’s share of UAE GDP to hit Dhs450bn by 2031

The sector’s contribution to the economy rose by 11.7 per cent to Dhs220bn last year and is forecasted to rise to 12 per cent or Dhs236bn in 2024

UAE President host Egyptian Minister Dr Badr Abdel Ati, Egypt's Minister of Foreign Affairs and Migration Image WAM

UAE, Egypt discuss strategic cooperation during high-level meet

The discussion focused on enhancing bilateral cooperation across economic, developmental and political spheres

Insights: How UAE is enabling network transformation in the AI age

Insights: How UAE is enabling network transformation in the AI age

Enabling AI-powered solutions will change how we live, work, and play– this is being made possible by higher-performance, lower-latency 5G and private 5G networks

NielsenIQ H1 report reveals region's split shopper preferences

NielsenIQ H1 report reveals region’s split shopper preferences

According to the NielsenIQ H1 report, UAE shoppers exhibit a stronger loyalty to brands, often seeking promotions on their preferred choices

UAE's Rebound launches subscription-based recycling platform

UAE’s Rebound launches subscription-based recycling platform

Rebound’s platform expansion comes at a time when the UAE’s plastic recycling market alone is projected to reach 1.44 million tonnes by 2030

UAE, Jordan sign $2.3bn agreement to build railways

UAE, Jordan sign $2.3bn agreement to build railways

The rail projects, as well as other investment initiatives, are part of the $5.5bn investment projects package signed by the two countries last year

EtihadWE inaugurates four stations across emirates, invests Dhs422m

EtihadWE inaugurates four stations across emirates, invests Dhs442m

The substations are monitored remotely using advanced equipment, allowing for greater operational efficiency and reducing maintenance requirements

UAE unveils AML, CFT national strategy 2024-27 Image courtesy WAM

UAE approves new AML, CFT national strategy for 2024-27

The strategy, formulated around 11 strategic goals, introduces legislative and regulatory reforms to combat money laundering and terrorism financing

UAE President pardons Bangladeshis jailed for protesting

UAE President pardons Bangladeshis jailed for protesting

The decision includes cancelling the sentences of those convicted, and those pardoned will be deported from the UAE

AD Ports Group’s Noatum unveils new rail logistics solution

AD Ports Group’s Noatum unveils new rail logistics solution

The logistics firm plans to expand the service by increasing the number of weekly departures between Khalifa Port and Fujairah Terminals, depending on demand

ADQ’s Silal buys majority stake in Al Bakrawe

ADQ-backed Silal to acquire majority stake in Al Bakrawe Holding

The company’s global sourcing network complements Silal’s extensive network of local farms