High inflation imposes significant hardship, especially on those least able to meet the higher costs of essentials like food, housing, and transportation, the US central bank chairman Jerome Powell …
( read original story …)
UAE Central Bank raises base rate by 75 basis points
The Central Bank of the UAE (CBUAE) has raised the base rate applicable to the Overnight Deposit Facility (ODF) by 75 basis points, effective Thursday, June 16, 2022. The decision was taken following …
( read original story …)
10 fabulous things to do in Abu Dhabi this weekend: Jun 17 to 19
For a weekend that is bang on trend… Introducing you to the brand new weekend x What’s On collab dropping this Friday — stylish, showstopping, fabulous, functional and there’s even a little button on …
Viral video: Abu Dhabi kick-starts Yoga day celebrations with a helipad session under the strawberry supermoon
The International Yoga Day 2022 celebrations began with a helipad session under the Strawberry Supermoon in Abu Dhabi, UAE.
Inflation on the rise in the UAE: Everything you need to know
Impact of growing inflation rates on the region’s economy and businesses, along with expert insights. Inflation on the rise in the UAE: Everything you need to know business outlook, commodity prices, …
Dubai Ruler turns road toll operator Salik into a public joint stock company in ‘step towards IPO’
The Dubai-headquartered firm will have the legal, financial, and administrative autonomy to carry out its activities, with the right to open branches in Dubai and outside the emirate Dubai Ruler turns …
Dubai airport’s north runway to reopen on June 22 after 45-day closure
With an extremely tight schedule of just 45 days to complete, Dubai airport’s North Runway Rehabilitation project is currently underway according to plan and is scheduled to open for aviation traffic …
In Dubai, neighbourhoods have a way of defining your identity
While in every city and village social status is determined in part by what side of the tracks people live on, in Dubai, where one lives – by choice or by fate – becomes a prism t …
Dubai’s Tecom Group sets price for IPO of up to $454 mln
Dubai business park operator Tecom Group set price guidance on Thursday for its initial public offering that showed it could raise up to 1.67 billion dirham ($454.7 million) in the listing. Adds …
UAE: Gold prices rise in Dubai in early trade
Spot gold was trading at $1,831.37 per ounce at 9.10 am UAE time. In the UAE, the 24K price rose one dirham per gram at the opening of the market. The Dubai Gold and Jewellery Gro …
Dubai woman’s life saved after surgeons treat ‘rarest of rare’ hernia
Indian expat’s bariatric surgery back home had led to Peterson’s Hernia Dubai: Surgeons at a Dubai hospital were able to save the life of a young woman whose bariatric surgery for weight loss had …
‘Lightyear Ban Shows How UAE Treats Queer People’: Gay Man in Dubai Writes
The following is an as-told-to account, recorded and written by Rohini Roy.) As a 38-year-old gay man living in Dubai, I am not only sad but also confused by the UAE’s decision to keep Lightyear from …
TECOM Group sets IPO price range to raise $454 million by listing 625 million shares on Dubai’s DFM
The price range for the IPO has been set at between AED 2.46 and AED 2.67 per share, implying a market capitalisation of between $3.4 billion and $3.6 billion TECOM Group sets IPO price range to raise …
Abu Dhabi partners with the French Sanofi in four strategic healthcare areas
Abu Dhabi (DoH), the regulator of healthcare in the emirate, signed a Declaration of Collaboration with Sanofi, an innovative global healthcare company. The partnership reiterates Abu Dhabi’s ongoing …
( read original story …)
Abu Dhabi partners with the French Sanofi in four strategic healthcare areas
Abu Dhabi (DoH), the regulator of healthcare in the emirate, signed a Declaration of Collaboration with Sanofi, an innovative global healthcare company. The partnership reiterates Abu Dhabi’s ongoing …
( read original story …)
UAE weather: humidity to rise in Abu Dhabi and Dubai as temperatures hit 45°C
Humidity is set to rise in both Abu Dhabi and Dubai on Thursday as temperatures top 40°C again. The National Centre of Meteorology forecasts humidity levels to reach up to 85 per cent in Dubai and 75 …
( read original story …)
UAE suspends exports of Indian wheat for four months
In a move aimed at ensuring that the largesse from India is not utilised by global deep-pocket hoarders, the UAE has ordered a ban on exports and re-exports of wheat and wheat flour originating from …