They will work together to develop a facility in Sharjah that will convert waste wood and plastic into hydrogen that can be used for fuel. The facility will also include a fueling station for vehicles …
Dubai to develop 3 new nature-inspired neighbourhoods for Emiratis
Dubai is set to get three new neighbourhoods, following the announcement of a nature-inspired development for Emiratis Dubai to develop 3 new nature-inspired neighbourhoods for Emiratis Real Estate …
UAE rulers congratulate King of Bahrain on accession to throne
Their Highnesses Supreme Council Members and Rulers of the Emirates have sent congratulatory cables to His Majesty King Hamad bin Isa Al Khalifa of Bahrain, on the 23rd anniversary of his accession to the throne.
Watch: Dubai unveils luxury hypercar worth $1.36 million
A new, road-legal limited edition luxury hypercar that costs a whopping $1.36 million was unveiled in Dubai. Only 89 Praga Bohema cars will be produced over the next five years. The first public …
Central Bank of UAE follows Fed to raise base rate by 50 bps
The Central Bank of the United Arab Emirates said on Wednesday it was increasing its base rate by 50 basis points to 4.4% effective on Thursday, moving with the U.S. Federal Reserve’s hike.
UAE Central Bank follows Fed move to hike interest rates by 0.5%
CBUAE maintains interest rate applicable to borrowing short-term liquidity from the regulator through all standing credit facilities at 50bps above the base rate …
Abu Dhabi’s ADQ leads consortium to buy stake in Israel’s Phoenix Group
A consortium led by Abu Dhabi state holding firm ADQ is in advanced negotiations to acquire a controlling stake in Israeli financial firm Phoenix Group for more than $800 million, a regulatory filing …
How the UAE helped the U.S. with Brittney Griner’s release
UAE President Mohammed bin Zayed brought up Griner during his meeting with Vladimir Putin in Russia in October.
UAE residents alert: Military exercise announced in 3 emirates tomorrow
UAE’s Ministry of Interior on Wednesday announced that it would conduct field security exercises in three different emirates on Thursday morning, December 15, 2022. Ministry of Interior, in …
Dubai International Financial Centre Courts announces the world’s first international digital economy court
New court enhances the ability of global companies and institutions operating in the digital economy to adapt to the future requirements of this fast -growing sector …
Abu Dhabi Customs updates clearance procedures for goods, enhancing user experience
Abu Dhabi Customs has launched an updated version of the goods clearance service – as its first developed customs service – supporting the Abu Dhabi Programme for Effortless Customer Experience.The …
SAM Corporate, Dubai Based Niche Fintech Services Group Gets Funding From Transworld Group
SAM Corporate received an investment of an undisclosed amount from the Transworld Group in November 2022.
The strategic investment is aime …
UAE government revenues reach Dhs148.1 billion in 3rd quarter
In line with the open data policy followed by the United Arab Emirates, the Ministry of Finance announced on Wednesday the results of the preliminary government finance statistics report for the third …
UAE state revenues rise to AED 148.1 billion during Q3
According to the Emirates News Agency (WAM), the preliminary results showed an increase in revenues at the state level from AED 126.3 billion during Q3 of 2021 to AED 148.1 billion during Q3 of 2022.
Despite Market Downturn, Crypto-Friendly Cities Continue to Thrive
Crypto-friendly communities throughout the globe have survived and even thrived in the wake of the recent market slump.
Israeli with PTSD arrested in Abu Dhabi for behaving erratically
Nahman Gabai, 21, from Jerusalem was arrested at Abu Dhabi airport on Monday for behaving erratically and insulting Emirati police officers. The Interior Ministry said that it is aware of the incident …
UAE businesses will have up to nine months to comply with corporate tax
UAE businesses will get a “generous” window of time to file their tax returns, the Ministry of Finance has said.”Businesses in the UAE will have up to nine months from the end of the relevant tax period to submit their tax return and pay the federal corporate tax,