Germany is looking to strike deals with middle eastern suppliers like UAE and Saudi Arabia to replace its reliance on Russian gas.
UAE firms resisting pay-rise demands as inflation climbs, survey shows
Companies in the United Arab Emirates are largely resisting demands for higher pay to offset the impact of inflation, according to a survey that showed two-thirds of companies have received requests …
Drilling equipment manufacturer MTC opens new production unit at Sharjah’s Hamriyah Free Zone
The new unit will increase MTC’s production capacity by 10 percent from its current 1,000 metric tons per year Drilling equipment manufacturer MTC opens new production unit at Sharjah’s Hamriyah Free …
Arada to build office park in Sharjah, to be completed in 2025
The office park, which spans over 4.3 million square feet, will feature leasable office spaces across 40 blocks and can accommodate 20,000 workers Arada to build office park in Sharjah, to be …
Abu Dhabi leads Gulf declines on recession fears
Abu Dhabi’s stock market fell in early trade on Monday, leading declines in the Gulf on investor concern about the prospect of a global recession.
Abu Dhabi’s ADNOC Drilling acquires offshore jack-up rigs for $140m
Abu Dhabi-based ADNOC Drilling Company has signed a sale and purchase agreement (SPA) to acquire two additional premium offshore jack-up drilling units (rigs). The two new rigs have a combined cost of …
Was Abu Dhabi restaurant a front for PFI’s hawala transactions?
PFI officebearers, many of whom have been in detention, used Abu Dhabi’s Darbar restaurant as the den for all hawala transactions and their illegal transfer to India, ED has said. Abdul Razak BP, …
Coronavirus: UAE reports 342 Covid-19 cases, 323 recoveries, 1 death
The UAE Ministry of Health and Prevention on Monday reported 342 cases of the Covid-19 coronavirus, along with 323 recoveries and 1 …
UAE pharmacies to soon provide Covid-19 and influenza vaccines
Residents may soon be able to go to the pharmacies in the UAE to get themselves vaccinated both for influenza as well as Covid-19.This revelation was made during the Ministry of Health and …
Germany signs new gas deal with UAE amid reduction in Russian fuel
Germany has entered into a new gas deal with the United Arab Emirates as it seeks to reduce its dependency on Russian fuel amid the Kremlin’s war in Ukraine.
Dubai: Global Village’s Season 27 VIP Packs sell out in less than an hour
Entry ticket prices start at Dh18, with tickets available online and at the gate for guests who were not able to secure a pack …
UAE healthcare operator Burjeel to sell 11 percent stake in IPO
Burjeel is the first privately owned company to go public in the UAE this year, with plans of selling a total of 550.7 million shares UAE healthcare operator Burjeel to sell 11 percent stake in IPO …
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Global tech players and wider Metaverse to assemble in Dubai
More than 30 local and international leaders including international metaverse academics, designers, builders and specialists in virtual education, e-commerce, medicine, art, gami …
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Abu Dhabi’s Aldar invests $6.8mln in energy projects to cut utility consumption
UAE developer Aldar Properties said on Monday that it is investing 25 million UAE dirhams ($6.8 million) in energy retrofit projects that will help reduce utility consumption for property owners and …
PM Ismail Sabri arrives in Abu Dhabi on four-day working visit
Prime Minister Datuk Seri Ismail Sabri Yaakob has arrived in Abu Dhabi for a four-day working visit to the United Arab Emirates (UAE) beginning today.
UAE companies ‘plan 5% pay rise’ in 2023 to offset inflation
Almost 84% of businesses have yet to adjust employee compensation this year in response to higher than normal inflation, the survey found …
UAE: Dh20,000 fine for falsifying employment data of Emiratis
Earlier, the country had said all establishments with 50 or more employees must raise current Emiratisation rates by 2 per cent annually …