First Abu Dhabi Bank , the UAE’s biggest lender by assets, reported better-than-expected fourth-quarter profit on Thursday, helped by lower impairment charges and improved margins.
Dubai real estate: Deposit-free short and long-term rentals to launch in UAE
Cardoo set to repeat its success in car rental segment in the real estate sector, enabling customers to take houses on rent without having to pay any hefty upfront deposits …
Golden opportunity: Property investors welcome new ease in UAE golden visa eligibility
The UAE government has announced the removal of the Dh1 million minimum down payment for real estate investments …
L&T secures $1.2 billion EPC contract in Dubai
Spanning 20km2, the project will be operational in three phases, and L&T’s responsibilities include the PV plant, along with related evacuation and interconnection arrangements. L&T secures $1.2 …
Core42 announces pioneering partnership with AIREV, UAE’s leading AI-powered EdTech platform
Homegrown AI start-up, AIREV, will leverage Core42’s supercomputing capabilities and Jais, the world’s largest Arabic language open-source Large Language Model (LLM) to enhance its platforms …
UAE economy projected to grow by 5.7% in 2024: MoF
The UAE economy is projected to grow by 5.7% in 2024 despite prevailing global economic challenges, including global economic slowdown and difficult financial conditions, a top UAE official has said, …
Dubai Customs successfully processed over 30.4 million transactions in 2023
Ahmed Mahboob Musabih, Director General of Dubai Customs, CEO of Ports, Customs and Free Zone Corporation, confirmed the continuous growth of the United Arab Emirates’ role as a global trade hub and …
Hainan Airlines Commences Flights To Abu Dhabi
Abu Dhabi Airports welcomed a new airline to Abu Dhabi International Airport, Terminal A, connecting the emirate with the Chinese city of Haikou, capital city of the province of Hainan. Starting on …
Abu Dhabi to Host Opening Race of Global World Triathlon Championship Series 2024
Abu Dhabi Sports Council is once again hosting the season-opening event of the World Triathlon Championship Series 2024, running from March 8-9.Following Abu Dhabi’s successful hosting of 2022’s …
The business of loneliness
A 2023 Gallup study last year found that almost a quarter of the world feels lonely, meaning that over 1 billion people are grappling with this problem. Image: Shutterstock Dubai, a highly …
Abu Dhabi’s Borouge reports 16% rise in Q4 profit, beats estimate
The Abu Dhabi-based specialty chemicals company Borouge Plc said net profit for Q4 2023 rose 16% year-on-year (YoY) to $288 as cost reductions offset a fall in revenue. For the full year 2023, the …
UAE: Gold prices rise further in early after gaining Dh1 per gram on Wednesday
Globally, spot gold rose 0.4 per cent to $2,045.65 per ounce by 9.22am UAE time on Thursday. On Wednesday, bullion touched a more than two-week high of $2,055.89 before paring gains to end the session …
Why UAE Shoppers Are Buying More Gold Bars, Coins Than Jewellery
UAE shoppers bought more gold coins and bullion than jewellery in 2023, meaning buyers had a stronger appetite for investment. According t …
UAE: Etihad Rail’s First Passenger Train Journey Route, Service Explained
Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, was on board the inaugural passenger rail journey along with Abu Dhabi National Oil Company’s (Adnoc) executive leadership team.
UAE’s biggest bank FAB reports 63% jump in Q4 net profit
The UAE’s biggest lender First Abu Dhabi Bank (FAB) posted a Q4 2023 net profit of 4 billion dirhams ($1.09 million), up 63% year-on-year (YoY) as operating income grew due to business volumes and …
Stopping UAE takeover of Telegraph ‘an absolute no-brainer’, says peer
Stopping the UAE takeover of The Telegraph is an “absolute no-brainer”, a peer said as the Government was urged to speed up its decision on the deal.During an urgent question in the House of Lords, …
Gault&Millau UAE Gala 2024 Awards winners revealed
Gault&Millau UAE, the esteemed culinary guide, recently hosted an extravagant gala where 12 prestigious awards were presented to the crème de la crème of the UAE’s gastronomy scene. The event, …