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Category: BUSINESS

Posted on 25/01/2024

VN, UAE speed up negotiation for comprehensive economic partnership agreement

The two countries have been expanding cooperation in many fields, notably with the launch of their negotiations for Vietnam-UAE CEPA.

Posted on 25/01/2024

Fintech in 2024 – Onward Growth or Waning Momentum?

Onward Growth or Waning Momentum? By Khofiz Shakhidi, Chairman, Alif Bank By all accounts, the rise of fintech can be considered a success story. Since its inception over a decade ago, financial …

Posted on 25/01/2024

Etihad Rail marks historic passenger journey from Abu Dhabi to Al Dhannah

For the first time ever, Etihad Rail carried passengers on its lines as marked an historic journey on Thursday …

Posted on 25/01/2024

Watch: UAE’s first passenger rail journey between Abu Dhabi and Al Dhannah

Etihad Rail operated its first rail journey that connects the cities of Abu Dhabi and Al Dhannah on Thursday. Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing …

Posted on 25/01/2024

ILT20: MI Emirates skittle out Abu Dhabi Knight Riders for 95 runs to record 9-wicket win

Through an enthralling display of bowling prowess, MI Emirates skittled out Abu Dhabi Knight Riders for 95 runs in 14.1 overs to record a resounding nine-wicket win in the sixth match of the ILT20 …

Posted on 25/01/2024

Bankrupt oil trader Lord Energy sues UAE and ADNOC in $2.8 bln fraud claim

Bankrupt oil firm Lord Energy and its owner Hazim Nada are suing the United Arab Emirates, its president, its state oil firm ADNOC, a Swiss investigative firm and others for $2.8 billion, alleging …

Posted on 25/01/2024

From $20mn to $2bn: Dubai Duty Free chief Colm McLoughlin wins Arabian Business lifetime achievement award

McLoughlin took Dubai Duty Free from a $20 million company in 1984 and brought its valuation up to $2 billion in a span of 25 years …

Posted on 25/01/2024

Dubai Police help bust alleged $43m tax fraud crime gang

Dubai Police support crimefighters from 15 countries in arrest of suspected international tax fraud crime gang members …

Posted on 25/01/2024

Dubai Police help law enforcement agencies from 15 nations arrest key suspect in €40m tax fraud

The operation led to the apprehension of several internationally wanted individuals. Dubai Police’s role in the operation included the arrest of an Italian suspect, who had travelled to the UAE from …

Posted on 25/01/2024

Dubai Police help arrest key suspect in Dh160-million tax fraud

A key suspect in a €40 million (Dh160 million) tax fraud was arrested with the help of Dubai Police. The suspect is a key figure in an organised crime syndicate involved in an extensive tax fraud …

Posted on 25/01/2024

UAE startup unveils floating structure for offshore PV

Floating Man, a floating structures specialist in Dubai, has introduced a novel structure for offshore floating solar applications. CEO Mehdi Honarvar told PV magazine that the company is currently …

Posted on 25/01/2024

India commerce ministry backs import tax cuts on gold bars -officials

India’s commerce ministry has backed a long-standing demand from the jewellery industry to reduce import tariffs on gold bars, government and industry officials said, amid concern the duties were …

Posted on 25/01/2024

Firm captures UAE’s upmarket segment

Zoho, a leading global technology company, has announced a revenue growth of 43% and 29% increase in partner network in the UAE in 2023.

Posted on 25/01/2024

UMEX and SimTEX 2024: UAE military announce $798m spending

The UAE’s defence and security acquisitions authority, the Tawazun Council, has announced spending of AED2.932 ($798m) at the sixth edition of UMEX and SimTEX 2024. In total there were 18 deals signed …

Posted on 25/01/2024

UAE telco’s stake in Vodafone poses some security risks, UK says

An Abu Dhabi-based telecoms company’s stake in mobile group Vodafone poses national security risks in terms of government contracts and cyber security, Britain has concluded, ordering Vodafone to take …

Posted on 25/01/2024

Nakheel hosts sporting elite at Dubai Globe Soccer Awards

Nakheel’s sponsorship of the Dubai Globe Soccer Awards underlines the company’s commitment to raising the profile of the sport within the emirate and fostering an active, healthy, and holistic …

Posted on 25/01/2024

Mubadala Abu Dhabi Open 2024: All the deets on players, fan village and more

This February will mark the second edition of the WTA500 tennis tournament in Abu Dhabi. Building on the success of the inaugural event in 2023, Mubadala, along with the Women’s Tennis Association (WTA) will bring 28 of the world’s top-seeded female players.

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