DUBAI, May 8 (Reuters) – Saudi Arabian staffing company SMASCO aims to raise as much as 900 million riyals ($239.99 million) in its initial public offering on Riyadh’s main bourse, it said on …
UAE finance ministry announces new law to expand public-private partnership projects
By utilising private capital, expertise, and management skills, the government hopes to both expand available financial resources for projects and reduce timeframes for implementation …
Dubai Financial Services Authority see 40% surge in new license registrations
owing to Dubai’s established status as a regional financial center, highlighting that the center accommodates over 40,000 professionals, in addition to those working in finance outside the center. The …
UAE Ministry of Finance establishes framework to enable sustainable public-private partnerships
It also enhances sustainable economic development and achieves comprehensive prosperity for all members of society …
National Bank of Fujairah invests in innovative cloud-based data platform
Dubai – National Bank of Fujairah (NBF) has partnered with Snowflake to use its cloud-based data platform, enabling the bank to extract better insights and reports from its data. The collaboration is …
GCC to Roll Out Unified Tourist Visa by Year’s End
By the end of 2024, a unified tourist visa will be available for the Gulf Cooperation Council (GCC). The announcement was made at the Arabian Travel Market (ATM).[1] Read More: Arabian Travel Market …
Crypto platform BitPanda opens first regional office in Dubai
All crypto roads are leading to the Middle East, something major VCs are realising more and more BitPanda, the largest European cryptocurrency platform and leading digital infrastructure provider, …
Singapore’s crypto trading platform QCP Capital gets approval to operate in Abu Dhabi
Singapore’s crypto trading platform QCP Capital has received In-Principle … QCP said the company also plans on making further investments in the UAE, subject to obtaining Financial Services …
This Abu Dhabi beach destination has been named the best in the Middle East
Abu Dhabi is spoilt for choice when it comes to beautiful beaches. But there is one that comes to mind that is quite special. The World Travel Awards, the leading authority that recognises and rewards …
UAE: AI to ‘eliminate’ 40% of back-office jobs globally, says expert
The president of the Union of Arab Chambers underlined the need for reskilling the workforce to counter job losses due to automation …
Why the UAE is leading the way as the first Gulf country to be removed from the FATF grey list
The removal from the FATF grey list is expected to bolster the UAE’s reputation as a secure and stable destination for international investors In February 2024, the United Arab Emirates achieved a …
UAE’s Dana Gas Q1 net profit falls 24% on lower hydrocarbon prices, drop in Egypt output
The UAE-based Dana Gas PJSC, the largest private sector natural gas company in the region, said Q1 2024 net profit fell 24% year-on-year (YoY) to $38 million mainly on lower realised hydrocarbon …
Hundreds of UAE residents stranded after Air India Express cancels flights
Hundreds of UAE residents are among thousands of passengers have been stranded in India after Air India Express cancelled or delayed more than 70 international and domestic flights due to senior crew …
UAE, Jordan agree to enhance recognition of seafarers’ certificates of competence
The UAE and Jordan enjoy longstanding relations. Capitalising on these relations is essential to drive progress across the board, particularly in the maritime sector, which forms a main pillar of …
Dubai taxi fares increase after fuel price rises
Taxi fares in Dubai have gone up, an update from the Dubai Taxi Company has revealed. According to the company’s official website, the charge is now Dh2.09 a kilometre – up 12 fils from the previous …
Dubai Investments achieves 12% reduction in electricity consumption
Dubai, UAE – Dubai Investments, a leading diversified investment company listed on the Dubai Financial Market (DFM), has showcased significant advancements in sustainable practices and responsible …
Dubai real estate: Should you invest in off-plan or ready-to-move? Experts weigh in
The choice between off-plan and ready-to-move properties in Dubai transcends mere financial considerations, embodying a strategic blend of risk appetite, market dynamics, and long-term vision.