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Month: February 2023

Posted on 20/02/2023

No visa renewal if it is valid for 6 months, clarifies UAE

When submitting a request to renew a visa permit, a passport of the sponsored person, whose validity is not less than 6 months, must be available, says ICP.

Posted on 20/02/2023

Sanction-hit Russia displays combat-tested arms at UAE fair

Russia showed up in force Monday at an arms fair in the United Arab Emirates, displaying combat-tested weapons up for export, including rifles and air defence systems. Russia is the second largest …

Posted on 20/02/2023

ADNOC plans to raise $2 billion or more by IPO

The United Arab Emirates’ national oil company ADNOC plans to raise $2 billion or more by listing its natural gas business in what could the largest initial public offering so far this year. The …

Posted on 20/02/2023

ADNOC Gas will be UAE’s first IPO of 2023, dividend set at a substantial $3.25b

Image Credit: Shutterstock Dubai: UAE’s first IPO of the year has been announced, with ADNOC Gas set to offer more than 3 billion of its shares and list on Abu Dhabi Securities Exchange (ADX).

Posted on 20/02/2023

UAE’s UBF, Azerbaijan Banks Association sign MoU to boost sectoral cooperation

The UAE Banks Federation (UBF) has signed an MoU with the Azerbaijan Banks Association (ABA) to enhance cooperation and exchange of experiences, and promote the growth of the financial and banking …

Posted on 20/02/2023

Gulf bourses mixed as Saudi stocks fall, Dubai gains

Saudi Arabia’s stock market was the worst performer among Gulf bourses that were mixed on Monday amid worries of rate hikes by the U.S. Federal Reserve.

Posted on 20/02/2023

du launches new innovative concept store at Dubai Hills Mall

Emirates Integrated Telecommunications Company (EITC), today announced the opening of a new concept store at Dubai Hills Mall to provide custom …

Posted on 20/02/2023

UAE, Israel unveil joint naval vessel as military ties grow

The United Arab Emirates and Israel on Monday revealed their first jointly created unmanned vessel, illustrating their growing military ties as maritime threats rise in the Gulf region.The unmanned …

Posted on 20/02/2023

Putin’s Arms Dealers Put War-Tested Weapons on Sale at UAE Show

Russian defense companies were out in force at an arms fair in the United Arab Emirates despite international sanctions, pitching to sell weapons that a top ally of Vladimir Putin said had been battle …

Posted on 20/02/2023

Dubai in Talks to Draw 50 Hedge Funds to Mideast Finance Hub

Dubai’s financial center is in talks with more than 50 hedge funds about setting up in the Middle East business hub after attracting industry heavyweights such as Millennium Management and ExodusPoint …

Posted on 20/02/2023

Dayana Yastremska: Dubai Duty Free Tennis Championships Betting Odds and Preview

Dayana Yastremska will meet Anhelina Kalinina in the round of 32 of the Dubai Duty Free Tennis Championships. Looking at the tournament odds at Dubai Duty Free Tennis Stadium, Yastremska is at …

Posted on 20/02/2023

Dubai government repays nearly Dh4 billion worth of Sukuk

Timely settlement of financial obligations reflects Dubai’s strong financial position Sukuk played a vital role in financing infrastructure projects, primarily the expansion of the Dubai International …

Posted on 20/02/2023

Love Island’s Kaz Crossley speaks out for first time since being released from Dubai prison

Love Island star Kaz Crossley has broken her silence for the first time since being released from a Dubai prison where she was held on suspicion of drug offences. Crossley – who appeared on the hit …

Posted on 20/02/2023

Abu Dhabi issues 25,600 new licences as business activity is booming

Abu Dhabi Business Centre issues 25,600 economic licences as business in the emirate is booming Abu Dhabi issued 25,600 new economic licences last year as the emirate reported booming business growth.

Posted on 20/02/2023

Will Saudi Arabia be the next big destination for foreign investments in properties?

After Dubai, Russian-born proptech Realiste set to propel foreign investments in Saudi Arabia’s property market with its AI-powered platform Will Saudi Arabia be the next big destination for foreign …

Posted on 20/02/2023

New study finds Dubai residential market outperformed global prime peers in 2022

“However, there is still some headroom for growth for Dubai, given its sustained demand levels and lower prime property per sq ft costs compared to other global markets.” Miami and Dubai recorded the …

Posted on 20/02/2023

Taraf unveils first property in Palm Jumeirah, Dubai

Taraf, the recently created real estate unit of UAE-based investment holding group Yas Holding, has unveiled its first property.

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