#UAE

UAE President mourns Sheikh Tahnoun bin Mohammed

UAE leaders mourn passing of Sheikh Tahnoun bin Mohammed

The Presidential Court declared a seven-day official mourning period for Sheikh Tahnoun bin Mohammed with flags flown at half-mast

UAE WEATHER - RAIN - FLEXIBLE WORK - REMOTE LEARNING

UAE announces remote work for public sector workers, MoHRE advises flexible work for private sector

The NCM has forecast moderate to heavy rain accompanied by occasional lightning and thunder on Thursday, May 2.

Spinneys’ $375m IPO draws orders worth $19bn

Supermarket chain Spinneys’ $375m IPO draws orders worth $19bn

The company priced its IPO at the top of the previously announced range, selling its shares at Dhs1.53 per share to raise $375m (Dhs1.38bn)

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

UAE central bank’s foreign assets up Dhs203bn in February 2024

The increase in foreign asset volume is attributed to the rise in current account balances and deposits with banks abroad

UAE announces petrol, diesel prices for May 2024

UAE announces petrol, diesel prices for May 2024

The fuel price committee increased the retail rates for Super 98, Special 95, and E-Plus 91 by as much as 19 fils per litre in May

UAE floods to impact construction projects

How UAE’s recent floods will impact construction projects

Several construction projects in the UAE will be affected, with huge potential for delays and damage to ongoing works

Archer, ADIO to accelerate air taxi operations in UAE

Air taxi maker Archer, ADIO to accelerate air taxi operations in UAE

Archer seeks to transform urban travel, replacing 60- to 90-minute commutes by car with estimated 10- to 20-minute electric air taxi flights

UAE allots Dhs2bn to support citizens affected by floods

UAE allocates Dhs2bn to support Emiratis affected by floods

The government tasked a ministerial committee to assess the damages and disburse compensations in cooperation with other federal and local entities

UAE-Oman railway Hafeet Rail enters implementation phase

UAE-Oman railway Hafeet Rail enters implementation phase

The passenger train will reach a top speed of 200 km per hour covering the distance between Sohar and Abu Dhabi in 100 minutes

UAE, Oman sign multi-sectoral deals worth Dhs129bn

UAE, Oman firms sign multi-sectoral deals worth Dhs129bn

The deals span renewable energy, railway connectivity and investments in digital infrastructure and technology

UAE to announce petrol, diesel prices for May

UAE to announce petrol prices for May: will rates increase further?

The fuel price committee increased the retail rates for Super 98, Special 95, and E-Plus 91 by 11 fils per litre in April

UAE

Iraq, Turkey, Qatar, UAE sign preliminary deal for $17bn Development Road project

The project will establish a vital connection between Iraq’s Grand Faw Port in the south, renowned for its oil resources, and Turkey in the north

UAE banks to defer personal, car loan instalments for 6 months

UAE floods: Banks to defer personal, car loan installments for 6 months

The central bank said banks will not impose additional fees, interest or profits for loan repayment deferrals

UAE - WEATHER - RAIN-NCEMA

UAE weather: More rains from Monday forecasts NCM

Dubai is expected to receive minimal rainfall with partly cloudy conditions on most days this week

Dubai airport departure operations improving steadily, says CEO

Dubai Airports’ Paul Griffiths says departures improving steadily

To reduce congestion, the airports operator advised travellers against arriving too early at Dubai International Airport to avoid overcrowding

Emirates, Boeing partner to advance aircraft maintenance

Dubai’s Emirates halts check-in for connections after bad weather

The suspension is aimed at supporting operations recovery at Dubai International Airport as the travel hub continues to struggle to clear a backlog of flights

UAE signs bilateral trade deal with Colombia

UAE, Colombia sign a bilateral trade agreement

The trade pact follows a significant increase in bilateral non-oil trade between the two countries, which reached a record $53.1m in 2023

NCM forecasts more rain across the UAE next week

UAE weather: More rain expected across Emirates next week

The country is expected to experience light to moderate rainfall, which could be heavy in some areas

Emirates REIT reports highest even property income in 2023 Image courtesy- Deejpilot Getty Images

Real estate: Emirates REIT property income hits a record $74m in FY2023

Emirates REIT’s net property income surged by 12 per cent to $62m, driven by strategic asset performance optimisation

car insurance-home-insurance-rain

How to claim insurance due to rain damage: Understanding ‘force majeure’ clause

In light of weather-related damage caused to property and vehicles, it is important to understand the tools available to claim insurance

Dubai-based Telegram to hit 1 billion users, says founder

The popular Telegram messaging app, which is headquartered in Dubai, currently has over 900 million users

Egypt’s finance minister says cutting inflation is priority

Egypt’s finance minister says cutting inflation is priority

Inflation dipped to 33.3 per cent in March from a record 38.0 per cent in September

PICS: Flooded roads, stranded cars amid massive UAE storm

A low pressure weather system that swept across the country on Tuesday caused widespread disruption

UAE's FTA introduces Taxpayer Charter, lists rights, obligations image FTA

UAE’s FTA introduces Taxpayer Charter, lists rights, obligations

The introduction of the Taxpayer Charter is part of the FTA’s broader efforts to enhance taxpayer awareness about the UAE tax system

Sheikh Hamdan dubai

Sheikh Hamdan announces remote work for Dubai Government due to ‘unstable weather’

The NCM has forecast unstable weather conditions including rain and thunderstorms

Emirates Development Bank milestones in numbers GettyImages-124638324

In numbers: Emirates Development Bank’s role in boosting UAE’s economy

The development bank has set an ambitious target of providing Dhs30bn in financing support to 13,500 companies by 2026

UAE

UAE jumps 10 places in global FDI confidence index

Developed markets dominate the top 25, but emerging markets like the UAE and Saudi Arabia witness significant rises

UAE reportedly considering 10-year golden business licences

UAE reportedly considering 10-year golden business licences

The new trade licences are expected to increase government revenue, ensure business continuity, and promote economic growth

Louvre

Louvre Abu Dhabi draws over 1.2 million visitors in 2023

Since its opening in 2017, the Louvre Abu Dhabi has not only attracted art enthusiasts and collectors but also positioned the emirate as a global cultural hub

Opec+ oil output policy

OPEC+ unlikely to move oil output before June meeting

This year, international oil prices have been strong, with Brent holding above $80 a barrel