The United Arab Emirates (UAE) has encouraged investment by creating a business-minded legal, regulatory and financial environment with a stable, free economy and low tax regime.
UAE central bank’s gold reserve rises by $52.8 million during Jan-May this year
The current total value of the reserve of the yellow metal with the CBUAE is to the tune of AED12.107 billion by end of May, according to apex latest statistics UAE central bank’s gold reserve rises …
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Bodies of five Pakistanis who died in recent UAE floods to be repatriated
Dubai: The bodies of five Pakistani nationals – four males and one female – who died in recent flash floods caused by heavy rains in the UAE will be repatriated on Saturday, Hassan Afzal Khan, has …
UAE: Covid-19 cases below 1,000 after nearly 2 months; doctors explain trends
The Ministry of Health and Prevention on Friday announced 998 new positive cases of Covid-19 after conducting 244,993 PCR tests. The three-figure mark is the lowest since June 9, when 1,031 cases were …
Cairo Hopes UAE Can Play ‘Effective’ Role in GERD Crisis
The United Arab Emirates is seeking to play an “effective” role to advance negotiations on the Grand Ethiopian Renaissance Dam (GERD). It is also aiming to resolve the 11-year conflict by relying on i …
United Arab Emirates (UAE) Construction Industry Report 2022 – ResearchAndMarkets.com
Construction industry in the United Arab Emirates (UAE) to expand by 3.8% in real terms this year, compared with an estimated growth of 4.4% in 2021. The Expo 2020 event (October 1, 2021, to March 31, …
UAE to set up ‘Industry 4.0 Enablement Centre’ for digital makeover in manufacturing
Dubai: UAE is setting up an ‘Industry 4.0 Enablement Centre’ to help speed up digital makeover in the manufacturing sector. The Centre will help raise awareness around Industry 4.0 technologies and …
Free meals, complimentary nights: Dubai Summer Surprises announces staycation offers
Dubai Summer Surprises (DSS) is back with a special silver jubilee edition, with several offers available until September 4.Discounts will be available for families and couples alike, with deals on …
Dubai-based realtor brokers one of UAE’s largest ever hotel deals worth Dh810 million
Real estate consultant Andrew Love closes sale of Ras Al Khaimah’s iconic DoubleTree by Hilton Resort and Spa Marjan Island …
Dubai’s RTA resumes intercity bus routes to Abu Dhabi
The routes were suspended almost two years ago and will be restored on August 9 “to support the return to normalcy” post-pandemic Dubai’s RTA resumes intercity bus routes to Abu Dhabi Abu Dhabi, Dubai …
Jalan-Kalrock Consortium Selects IBS Software to Power Passenger Service, Booking, and Loyalty Systems for Jet Airways
Jalan-Kalrock Consortium Selects IBS Software to Power Passenger Service, Booking, and Loyalty Systems for Jet Airways. DUBAI, UAE, Aug. 5, 2022 /PRNewswire/ — The Jalan-Kalrock …
5G subscriptions to reach 263 million in MEA by 2026
The report has been created based on Nokia’s intelligence, as well as data from third-party sources, GlobalData and Tutela.. 5G subscriptions to reach 263 million in MEA by 2026. 5G, MEA. Networking.
How UAE businesses can cope with nation’s digital economy ambition
Most UAE organisations understand that customer and employee experiences are paramount, there is a tendency to confuse user friendliness with user experience How UAE businesses can cope with nation’s …
Abu Dhabi food giant Agthia’s half-year revenues jumps 51 percent to $544.5 million
The Groups net profit for the period grew to AED 118 million, a 74 percent increase compared to H1 2021 Abu Dhabi food giant Agthia’s half-year revenues jumps 51 percent to $544.5 million Abu Dhabi, …
UAE Healthcare provider Burjeel seeking to raise $750m from IPO
Once listed, Burjeel is considering a dividend payout ratio of 40 per cent to 70 per cent of net income from 2023 depending on its investment …
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Ex-PwC crypto head sets up digital asset fund in Dubai: report
Former PwC crypto arm leader Henri Arslanian said in a report the digital asset fund Nine Blocks Capital Management will receive $75 million from major supporters, including Hong Kong-based hedge fund …
Abu Dhabi, India firms set to invest in Tanzania ports
The two firms will specifically invest in rail, maritime services, port operations, digital services, an industrial zone and the establishment of maritime academies in Tanzania.