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Category: BUSINESS

Posted on 22/11/2023

Year After Raising $18M, Lewis Hamilton’s ‘Neat Burger’ Takes Harsh Step to Avert Crisis

Remember how many drivers complained of the Qatar GP being too harsh to drive in? Lewis Hamilton came out with the statement explaining how F1 is an extreme sport and should remain that way. The …

Posted on 22/11/2023

Dubai’s ‘Miracle Garden’ amidst a water scarcity challenge, and more from around the world

In the UAE, where 42 per cent of water is sourced from energy-intensive desalination plants, the nation faces the challenge of meeting one of the world’s highest water consumption rates – an average …

Posted on 21/11/2023

FICC to increase the number of banks supported by CBI

The FICC announced on Tuesday that it has undertaken an initiative to increase the number of correspondent banks supported by the CBI.

Posted on 21/11/2023

Exporters hail govt’s move to allow TRQ holders under India-UAE trade pact to import gold through IIBX

Gems and jewellery exporters on Tuesday welcomed the government’s move to allow valid licence holders to import specified quantities of gold at concessional customs duty from the UAE under the free …

Posted on 21/11/2023

COP28 in UAE: New Dubai fintech platform to transform environmental, social, corporate governance

Ahead of COP28, fintech platform Fils was launched in Dubai on Monday to help global businesses turn intent into action when integrating sustainable values into the core of digital payments. The …

Posted on 21/11/2023

Rapid increase in bilateral trade, tourist traffic reflects booming Indonesia-UAE ties: Indonesian Envoy

A rapid increase in Indonesia-UAE bilateral trade since the enforcement of Comprehensive Economic Partnership Agreement (CEPA) on 1st September 2023, and a surge in tourist traffic reflect …

Posted on 21/11/2023

Fintech for good: New innovative payments platform Fils to transform the world of ESG

Fils is a first of its kind infrastructure that is powering sustainable action with an API that seamlessly connects digital payments infrastructure, bringing individual, corporates and impact projects …

Posted on 21/11/2023

Second batch of wounded Gaza children and their families arrives in Abu Dhabi

The plane coming from Al-Arish Airport in the Arab Republic of Egypt landed at Abu Dhabi Airport, carrying on board children who are in dire need of medical assistance, suffering from severe injuries …

Posted on 21/11/2023

UAE: Housing rules to be tightened for singles in Sharjah

Sharjah authorities will be tightening housing regulations for single individuals who are living in the emirate’s residential neighbourhoods, it was announced on Tuesday. The directive comes as the …

Posted on 21/11/2023

SEC discusses promoting eco-tourism in Sharjah

The Executive Council of the Emirate of Sharjah held its weekly meeting under the chairmanship of His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah …

Posted on 21/11/2023

Crescent Petroleum lowers carbon intensity, maintaining carbon neutrality in UAE Year of Sustainability

Sustainability has been a pillar of our business since our founding in 1971 … “From the founding of Masdar to the Mission to Mars, the UAE has been a pioneer in using science and ambition to tackle …

Posted on 21/11/2023

Dubai Chamber of Commerce: Exports climb to $57bn amid massive increase in companies

Dubai Chamber of Commerce attracts 48,616 new member companies as value of members’ exports and re-exports surges to AED 210 billion between Q1 and Q3 2023. To read more: https://t.co/8Ktsqc0tVi …

Posted on 21/11/2023

Dubai Chamber of Commerce membership surges 43% in first 9 months of 2023

The expansion of membership also led to a significant rise in the total value of exports and re-exports of member companies, which reached a total of AED210 billion …

Posted on 21/11/2023

ADGM Paving the Way for UAE Capital Market Growth

Under the Resolution, it became possible for companies registered in UAE free zones, one of them being Abu Dhabi Global Market (“ADGM”), to offer their shares for public subscription in the UAE …

Posted on 21/11/2023

Dubai International Chamber successfully arranges 170 bilateral business meetings as West Africa trade mission kicks off in Abidjan, Côte d’Ivoire

A delegation of 15 Dubai-based businesses representing 10 sectors participated in the ‘Doing Business with Côte d’Ivoire’ event to explore opportunities for overseas expansion and partnerships with …

Posted on 21/11/2023

Saudi income tax reform; Bitcoin vs Gold; UAE COP28 transport guide – 5 trending stories to read today

Saudi Arabia is proposing major reforms to its income tax laws through amendments to the ‘Income Tax Law’. Late last month, the kingdom’s Zakat, Tax and Customs Authority (ZATCA) released draft laws …

Posted on 21/11/2023

Iran-UAE Trade Hits $34 Billion in 2022: Roads Minister

The total value of trade exchanges between Iran and the United Arab Emirates (UAE) reached $34 billion in 2022, Iran’s minister of roads and urban development said.

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