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, …
Gulf thaw with Syria gains steam: UAE sends envoy, Saudi diplomats plan visit
A delegation of Saudi diplomats is reportedly heading to Damascus later this week, days after the UAE dispatched its first ambassador to the Syrian capital in more than 10 years. The pro-government …
Leading India Developer Launches Inaugural Project In Dubai
Skyline Builders, a real estate developer from the southern Indian state of Kerala, with a legacy of 158 successfully completed projects and over 16 …
Electricity accounts in Dubai reach 1,173,631 by end of 2023
DUBAI: Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), has revealed that the number of DEWA’s electricity accounts reached 1,173,631 accounts by the end of 2023 …
Cloud adoption to boost business growth in UAE
When it comes to economic spillovers, cloud adoption is most propelling growth in the UAE. According to a report, a 1% rise in cloud adoption by UAE organizations will lead to an average GDP growth of …
Dubai Office Landlord to Bolster Portfolio as City Defies Slump
(Bloomberg) — One of Dubai’s largest office landlords is planning to expand its portfolio as the Middle East’s business hub continues to defy a global slump in commercial real estate. Most Read from …
UAE salaries forecast to increase by 4.5% in 2024 – Cooper Fitch
Workers in the UAE are likely to take home higher paycheques this year, as corporates are expected to grant salary increases of around 4.5% in 2024, recruitment specialists Cooper Fitch said.
UAE central bank holds interest rates steady mirroring US Fed move
The UAE central bank maintained its benchmark interest rates on Wednesday night following the US Federal Reserve’s decision to hold overnight interest rates steady within the 5.25%-5.50% range for the …
Seven Lessons Learned From Operating A Franchise In The UAE
And in the dynamic and ever-expanding business landscape of the UAE, operating a franchise can be a challenging -yet rewarding- venture. The UAE is a vibrant business hub that has opened its doors to …
Dubai is third-richest city in BRICS; Sharjah millionaires to surge 120% in 10 years
Dubai is the third-richest city in the recently expanded BRICS bloc, while Sharjah’s millionaire population is forecast to swell by 120% over the coming decade, according to a new report by Henley & …
UAE economy projected to grow by 5.7% in 2024: Official
Al Khoori highlighted that the UAE’s non-oil foreign trade hit a record AED1.239 trillion in the first half of 2023 …
Commercial Bank of Dubai net profit soars 45.2% in 2023
Commercial Bank of Dubai (CBD) on Wednesday announced a record net profit of Dh2.65 billion for the year ended December 31, 2023, up 45.2 per cent year-on-year.
Aussie crypto entrepreneur Sam Lee calls fraud charges “embarrassing”
The Australian has rejected allegations he was the promotor of a scheme that allegedly defrauded investors out of $US1.89 billion.
Telegraph sale: Journalist sacked for being critical warns over UAE ownership
A journalist has revealed how she was sacked for criticising the royal family of the United Arab Emirates as she warned that Telegraph journalists would not be able to speak freely if a planned …
Experience Dubai from the Skies: Helicopter Rides and Tours Now Available
Dubai introduces helicopter rides and tours, offering a unique aerial view of the city’s iconic landmarks. These guided tours provide a safe and exclusive experience, showcasing the architectural …