The UAE’s public spending included Dhs28.7bn for employee compensation payments compared to Dhs24.6bn in the same reporting period in 2021.
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Watch: How UAE Authorities Pulled Off Over 3,400 Rescue Ops, Turned Flooded Areas Into Safe Zones After Heavy Rains
Heavy rains that battered the UAE’s east recently flooded several areas in Sharjah, leaving many residents stranded. Authorities have now revealed how they mobilised emergency response teams to carry …
Chery all new models to roll into the UAE’s automotive market
As one of the best Chinese Auto Brand, Chery is reportedly in talks with several leading automotive groups and plans to enter UAE market with all new range of models.
Kerala CM Vijayan helped UAE man flee, claims Swapna Suresh
Swapna Suresh claimed that the UAE national had arrived at the Kozhikode airport (north Kerala) on June 30, spent four days in the state and he was apprehended while going back. She alleged that the …
Fintechs gain global traction with facial biometric payments
In markets such as India, China, the United Arab Emirates and Brazil, more consumers and merchants are testing or deploying facial recognition as a way to authenticate transactions.
Dubai Road-Toll Operator to Seek About $1 Billion in IPO
Dubai is seeking to raise about $1 billion by selling shares in the city’s road-toll collection system as soon as next month, people familiar with the matter said.
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UAE’s public spending totalled Dhs87.4 billion in first quarter
The UAE’s public spending in the first quarter of 2022 totalled Dhs87.4 billion, an increase of 19.6 per cent and equivalent to Dhs14.34 billion, compared to Dhs73.7 billion …
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Convicted US lawyer Asim Ghafoor laundered $4.9 million through UAE banks, says embassy
US citizen Asim Ghafoor, who was convicted by a UAE court over tax evasion and money laundering, transferred at least $4.9 million through the UAE banking system.In a statement, the UAE Embassy to the …
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World Bank announces additional $4.5 billion in Ukraine aid
Ping Dubai Creek Summer Open at Dubai Creek Golf and Yacht Club Washington: The World Bank on Monday announced it was mobilizing another $4.5 billion in financial support for war-torn Ukraine. The …
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Lewis Hamilton felt “cheated” out of 2021 F1 title as star opens up on Abu Dhabi fiasco
Max Verstappen won his maiden F1 title last year while Hamilton was denied on the last lap after a series of controversial calls made by race director Michael Masi …
Dubai makes travel normal again
A sense of normalcy was first experienced here in the city, and there has been no looking back since then for this metropolis that hosts more than 200 nationalities …
Dubai’s Salik seeks to raise $1 billion in an upcoming public offering
Prior to the IPO, Salik secured a $1.1 billion loan from Emirates NBD to pay a special dividend to the government, according to the sources.
Retired Scottish judge urged to resign from Dubai International Financial Centre courts
A retired Scottish judge has been urged to follow two retired senior Irish judges in resigning as a judge of the Dubai International Financial Centre (DIFC) courts. Lord Angus Glennie, and other …
Passenger from Dubai held at IGI with 1,000 grams gold
An Indian passenger, who had flown in from Dubai, was found in possession of 1,000 grams gold worth over Rs 45 lakh, Customs officials said on Monday. The passenger reached at terminal number 3 on …
How much does it cost to set up a business, in the UAE 2022?
While there are several options available for entrepreneurs, an LLC or a Limited Liability Company on the mainland is a popular option in the UAE as it offers more operational flexibility, according …
UAE: Dh10.3 million aid distributed to Sharjah low-income families in 2022
The Sharjah Charity International (SCI) announced that it provided monthly aid with a of a financial value of Dh10.3 million throughout the first half of this year. The number of beneficiaries was …
Abu Dhabi’s IHC reports surge in Q2 net profit on aggressive business growth
Net profit attributable to the owners of the company for the three months ended June reached Dh2.8 billion ($762.4 million), up 118 per cent compared with Dh1.28bn during the same period last year, …