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Month: May 2023

Posted on 03/05/2023

India’s exports to UAE forecast to hit $50bln in four years

According to the latest data, India’s exports to the UAE jumped 11.8% to $31.8 billion in 2022-23 compared to $28 billion a year earlier. India’s non-oil imports from the UAE also surged by 4.1% …

Posted on 03/05/2023

Abu Dhabi Crown Prince Opens Al Falah Housing Project Expansion

His Highness Sheikh Khaled bin Mohamed bin Zayed al Nahyan, Crown Prince of Abu Dhabi, has inaugurated the expansion of the Al Falah housing project in the emirate.Read More: Sheikh Mohammed …

Posted on 03/05/2023

Dubai’s TECOM Q1 net profit jumps 34%; beats estimate

Dubai business park operator TECOM Group posted a 34% rise in Q1 2023 net profit to 255 million dirhams ($69 million) and expects to see growth continue for the rest of the year. The results easily …

Posted on 03/05/2023

Dubai telecom giant Du’s Q1 2023 net profit up 19%

Emirates Integrated Telecommunications Co., also known as Du, said on Wednesday its net profit for Q1 2023 jumped 19% to 370 million dirhams ($100.7 million) as the company added mobile and broadband …

Posted on 03/05/2023

Telr Payment Gateway a Bronze Sponsor at Dubai FinTech Summit 2023

Dubai: Telr, the award-winning online payment gateway, has announced its participation in the Dubai FinTech Summit 2023 as a Bronze Sponsor, which will take place on May 8-9, 2023, at the Madinat …

Posted on 03/05/2023

Dubai Islamic Bank to acquire 25% stake in Turkey digital bank

Dubai Islamic Bank, the UAE’s largest Islamic lender, said on Wednesday its board of directors has approved a proposal to acquire 25% stake in a new digital banking group in Turkey in line with its …

Posted on 03/05/2023

Abu Dhabi tops Dubai as ‘smartest city’ in MENA region

Abu Dhabi surpassed several international capitals to rank 13th globally out of the 141 cities included in the current ranking. Abu Dhabi tops Dubai as ‘smartest city’ in MENA region. abu dhabi, IMD …

Posted on 03/05/2023

UAE non-oil business activity surges in April on new business strength-PMI

An acceleration in the growth of new orders led to a surge in non-oil business activity in the United Arab Emirates in April, a business survey showed on Wednesday.

Posted on 03/05/2023

Schengen-style GCC visa could be launched to ease travel for UAE residents

UAE residents could be in for a treat, with travel options galore coming your way. Nationals from the GCC (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE) are already free to travel visa-free …

Posted on 03/05/2023

Leading UAE tour operator launches ‘Holiday Factory Premium’ at the ATM 2023 in Dubai

Holiday Factory, the leading and award-winning tour operator in the UAE, announced the launch of its new brand, ‘Holiday Factory Premium’, at the highly an..

Posted on 03/05/2023

Khaled bin Mohamed bin Zayed inaugurates expansion of Al Falah housing project

Under the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive …

Posted on 03/05/2023

Indian exports to UAE set to cross $50bln by 2026

India’s exports to the UAE are expected to cross $50 billion by 2026-27 from $31.3 billion at present as the path-breaking free trade agreement between the countries begins to further unlock the …

Posted on 03/05/2023

Sharjah: Gang Arrested by Police for Selling Drugs Via Delivery Riders

The Sharjah Police’s anti-narcotics unit arrested a gang of seven Asians who had used delivery drivers to distribute and transport drugs.According to a senior police official in Sharjah, the gang …

Posted on 03/05/2023

Mariam Almheiri showcases the UAE’s ambitious vision and efforts to enhance global climate action during the “Petersberg Climate Dialogue” in Germany

Dubai: Her Excellency Mariam bint Mohammed Almheiri, Minister of Climate Change and Environment to the United Arab Emirates, is participating in the Petersberg Climate Dialogue event this week to …

Posted on 03/05/2023

Dubai Chambers to Underscore Role of Dubai’s Private Sector Worldwide and Expand Global Reach at 13th World Chambers Congress

Dubai Chambers will underscore the role played by the emirate’s private sector worldwide and expand its global networks, bilateral trade and business reach during the 13th World Chambers Congress (WCC …

Posted on 03/05/2023

United Arab Emirates Embedded Finance Market Report: Sector Is Expected To Grow By 43.8% To Reach $2,384.7 Million In 2023

The united arab emirates embedded finance business and investment opportunities databook – 50+ kpis on embedded …

Posted on 03/05/2023

Focused On The Future: Mohammed Alblooshi, Head of DIFC Innovation Hub and FinTech Hive

The Head of DIFC Innovation Hub and FinTech Hive has his sights set on the growth of the fintech space in the UAE- and he hopes to lay the groundwork for that at the Dubai Fintech Summit 2023.

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