#UAE

Egypt lowers 2025 wheat self-sufficiency target to 51%

Egypt lowers 2025 wheat self-sufficiency target to 51%

The government buys wheat internationally and locally in order to offer tens of millions of its citizens subsidised bread

FAB refutes reports of $5bn Yes Bank stake as “unfounded”

‘Unfounded’: FAB dismisses reports of Yes Bank stake purchase

The UAE’s biggest lender by assets categorically denied that it is evaluating any possible offer for a stake in Yes Bank

Job search LinkedIn

7 ways to use LinkedIn’s AI tools to help in job hunting

LinkedIn has a suite of tools that leverage AI to aide job seekers and recruiters make the perfect match

Nuisance cold callers to face Dhs150k fines in UAE from August 27

Errant telemarketers in the UAE will face steep fines if they fail to comply with a set of new federal regulations.

Ritz-Carlton Reserve to launch in UAE on Ramhan Island in 2029 Image: Supplied

First Ritz-Carlton Reserve in UAE to launch on this island

Ritz-Carlton Reserve currently includes only seven properties in destinations such as Saudi Arabia, Thailand, Indonesia, Puerto Rico and Mexico

Egypt-GettyImages-520265584-e1703142282632

Egypt’s SKG signs $500m real estate development deal with UAE’s KSH

The deal includes three residential towers and a five-star hotel in an area overlooking the Nile’s Warraq Island

Agthia expands footprint with new Saudi facility

Agthia expands footprint with Dhs90m manufacturing facility in Saudi Arabia

The new facility underscores the group’s strategic vision to tap into the vast growth opportunities in the GCC region’s largest market

Murban

Record-breaking trading activity for UAE’s Murban Crude

The platform’s extensive reach allows investors from multiple jurisdictions to participate in trading the Murban Crude oil futures

ADIB facilitates Dhs5.6bn in sustainable finance in 2023

UAE’s ADIB facilitated Dhs5.6bn in sustainable finance in 2023

The Islamic bank recently unveiled 2030 emissions reduction targets for six key portfolio sectors including home and auto finance

PureHealth sales entire stake in stem cell business

PureHealth divests stem cell business to streamline operations

The sale will advance the healthcare firm’s focus on specialised services previously offered at Abu Dhabi Stem Cells Centre and Yas Clinic at Sheikh Shakbout Medical City

Staycations rise, visitors staying longer in Middle East, reveals travel report

Staycations rise, visitors staying longer in Middle East, reveals travel report

The emphasis on regional travel, unique experiences and budget-friendly options like cruises are set to shape the future of tourism in 2024 and beyond

Celebrating 'Days of Culture of the UAE' in Moscow

Celebrating ‘Days of Culture of the UAE’ in Moscow

Held from June 28 to July 2, Days of Culture of the UAE is initiated by the UAE Embassy in Russia and the Moscow Government

Presight and Wand AI partner to deploy Generative AI Assistants at enterprises across the UAE_GettyImages-1194176305

Presight, Wand AI to develop GenAI assistants for UAE firms

The companies aim to introduce innovative AI solutions across multiple industries, including finance, retail, real estate, construction, and legal sectors

Egypt - WHEAT - BRICS

BRICS countries back grain exchange idea, Russia says

The exchange would allow buyers to purchase directly from producers

UAE cuts Friday sermon to 10 minutes due to sweltering heat

UAE cuts Friday sermon to 10 minutes due to sweltering heat

The directive by the General Authority for Islamic Affairs, Endowments, Zakat (AWQAF) took effect on Friday, 28 June, and will last until early October

UAE to announce petrol prices for July: will rates drop further?

UAE to announce petrol prices for July: will rates drop further?

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

UAE raises $1.5bn from 10-year bonds

UAE returns to bond market, raising $1.5bn in 10-year bonds

The debt is rated Aa2, the third-highest investment grade, by Moody’s and one step lower at AA- by Fitch Ratings

TA’ZIZ, Japan’s Mitsui build ammonia plant in UAE, to start production in 2027

TA’ZIZ, Japan’s Mitsui to build ammonia plant in UAE, production to start 2027

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

How Antonovich Group is revolutionising MENA’s turnkey market

Here’s how Antonovich Group is revolutionising MENA’s turnkey market

The group is witnessing a surge in clients demanding personalised, sustainable, and technology-integrated designs

CBUAE adjusts inflation forecast for 2024, outlook remains positive

UAE central bank adjusts inflation forecast for 2024

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

Amazon Web Services' Kevin Miller talks about the company's growth in the region

AWS’ Kevin Miller on AI, sustainability and plans for the region

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

UAE growth to surpass 6% in 2025, says central bank

A faster growing oil and gas sector in 2025 will boost growth in the UAE, says a report

Jochen Knecht - CEO at IFZA on how the free zone is supporting startups and smes

IFZA CEO Jochen Knecht on how the free zone supports startups, SMEs

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

Entrepreneur Mahmoud Bartawi on cooking up a startup success

Mahmoud Bartawi founded Under500, a brand that was ultimately acquired by dark kitchen outfit Kitopi after raising $700m from investors

UAE banks provide Dhs15.6bn to trade, industrial sectors in Q1 2024

UAE banks provide Dhs15.6bn to trade, industrial sectors in Q1 2024

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

UAE - Millionaire

Wealth Migration Report 2024: The UAE remains a millionaire’s favourite country

The report shows a significant increase in HNWI migrations, highlighting a growing trend of millionaires seeking stability and opportunity in favourable jurisdictions

Tom Brown, President EMEA, SharkNinja, addresses media at the official SharkNinja UAE launch

SharkNinja moves: EMEA president Tom Brown on the company’s regional growth strategy

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

Help AG CTO Nicolai Solling shares the impact of cyber threats in the GCC and findings of the 2024 state of the market report

Help AG CTO Nicolai Solling shares the impact of cyber threats in the GCC

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

UAE banks liquid assets rise in Q1 2024_CBUAE GettyImages-927096466

UAE banking sector’s liquid assets rise to Dhs786.6bn in Q1 2024

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

UAE cabinet approves housing aid valued at Dhs1.86bn ahead of Eid-Al-Adha

UAE Cabinet approves housing aid valued at Dhs1.86bn ahead of Eid-Al-Adha

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