Only real estate stocks were propping up index early Tuesday Abu Dhabi and Dubai stocks were flatlining in early Tuesday trades with banking and real estate pulling indexes in opposite directions, …
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Abu Dhabi Global Market sets up ADGM Authority
Abu Dhabi Global Market (ADGM has established the ‘ADGM Authority’, which will drive ADGM’s growth by leveraging the trends emerging across the international financial services sector and the …
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Wizz Air Abu Dhabi adds three new routes to Serbia and Egypt
Wizz Air’s new Abu Dhabi-based joint venture airline has announced three new flights connecting the UAE capital to the Serbian capital of Belgrade and to the Egyptian cities of Sohag and Luxor.
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Abu Dhabi conglomerate IHC acquires 45% stake in Alpha Dhabi Holding
Abu Dhabi-based conglomerate International Holding Co. (IHC) has acquired a 45 percent stake in Alpha Dhabi Holding, a real estate and construction group. IHC, listed on Abu Dhabi stock exchange, …
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Abu Dhabi’s Mubadala says it’s close to IPO of Emirates Global Aluminium
Abu Dhabi sovereign wealth fund Mubadala Investment Co. said it’s “close” to an initial public offering of Emirates Global Aluminium PJSC as it studies other major deals including a role in a …
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UAE: ‘You may be committing a sin by not taking Covid vaccine’
Dr. Omar Habtoor Dheeb Al Darei, a member of the UAE Fatwa Council, explained that such residents might spread the disease to others and cause them harm. “This, despite the fact that they had the …
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UAE: Mobile phone technician downloads woman’s photos, blackmails her
UAE: Woman jailed for two months for siphoning off Dh46,500 from youth She said that the accused had called her a week later asking for Dh 20,000 to pay off his bank loans. When she declined, the man …
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UAE leaders receive Ramadan greetings from Arab and Muslim leaders
President, His Highness Shaikh Khalifa Bin Zayed Al Nahyan (centre), His Highness Shaikh Mohammad Bin Rashid Al Maktoum (right), Vice-President and Prime Minister of the UAE and Ruler of Dubai …
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Starting a business in the UAE is easier than you think
Launching a company in the UAE? Don’t forget these important things, say experts The UAE has introduced several new legislations to attract foreign investment and fuel entrepreneurship and the …
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Revealed: Top 5 powerful Arabs in the UAE
Dr Sultan Al Jaber, managing director and CEO of state energy company ADNOC Group, ranked second this year, and led the UAE’s list of most powerful Arabs. A total of 40 of the most powerful Arabs …
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Buying frenzy: UAE’s Aldar villas sold out in 48 hours; Emaar sales hit $1.6bln in 3 months
More buyers have poured into the UAE property market this year, with some of the UAE’s leading real estate developers generating billions of dirhams in sales recently. Aldar, the biggest property firm …
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Dubai’s Emaar Properties approves 10% dividend
Dubai developer Emaar Properties will distribute 10 percent dividend to its shareholders, the company confirmed on Sunday. The developer said it approved the proposal to distribute the payout during …
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Monaco Pavilion for Expo 2020 Dubai installs solar panels
From now on, the electricity generated by these solar panels will be supplied back to the Dubai power grid network, a statement explained. It added that the electricity generated during the one-year …
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UAE’s first digital community bank receives nod to start operations
Al Marya Community Bank said customers can open accounts and experience smart banking services built on artificial intelligence-powered technology integrated with the UAE government’s smart services.
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Sharjah’s $29.3mn Soor Kalba project on track
The project is being developed at a cost of $29.3m in the Suhaila area of Sharjah. A total of 105 buildings are being constructed, which will comprise 420 apartments and 315 shops overlooking the …
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Dubai records $6.7bn FDI with 455 projects in 2020
Dubai continued to lead regional and global FDI locations in facilitating global business growth and expansion, ranking first in the Mena region and third globally in attracting greenfield FDI …
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‘Al Maryah Community Bank’ becomes UAe’s first licensed digital-only bank
New bank aims to build a base among individuals and small businesses Dubai: The UAE Central Bank has granted the first license for an all-digital bank. The Al Maryah Community Bank, as the new …
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