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Posted on 18/11/2024

BlackRock receives license to operate in Abu Dhabi

BlackRock, the multinational investment firm and spot Bitcoin exchange-traded fund (ETF) issuer, has received a commercial license to operate in Abu Dhabi, the capital of the United Arab Emirates.

Posted on 18/11/2024

UAE entrepreneurs are among the most optimistic globally about business growth

Ninety eight per cent of entrepreneurs in the UAE, one of the highest globally, are confident that their businesses are set to flourish, despite geopolitical uncertainty and global macroeconomic …

Posted on 18/11/2024

UAE Sees 150% Rise in Umrah Bookings This Year

The demand for Umrah in the United Arab Emirates has seen an impressive surge in recent months. Bookings for the pilgrimage in October and November soared by more than 150% compared to the summer …

Posted on 18/11/2024

Dubai: Amanat records nearly $21.38mln net profits in 9M-24

Dubai – Amanat Holdings logged net profits amounting to AED 78.36 million in the first nine months (9M) of 2024, lower than AED 88.24 million in 9M-23. Revenues hit AED 566.25 million as of 30 …

Posted on 18/11/2024

Dubai: Salama recorded $8.31mln net profits in 9M-24

Dubai – Islamic Arab Insurance Company (Salama) logged net profits amounting to AED 30.41 million in the first nine months (9M) of 2024, down year-on-year (YoY) from AED 18.56 million. Takaful revenue …

Posted on 18/11/2024

Dubai: 5-time Guinness World record holder, educator takes on challenge to run 180km in 5 days

A Dubai-based educator took on a unique challenge last week – running 30km each at six schools to encourage students to take up physical activity. Lee Ryan..

Posted on 18/11/2024

Four Dubai Areas Get New Entry and Exit Points

Aligned with the leadership’s vision to boost infrastructure, support urban growth, and enhance residents’ quality of life, Dubai’s Roads and Transport Authority (RTA) is rolling out an extensive …

Posted on 18/11/2024

Dubai’s RTA to reduce traffic by 80% in these 4 neighbourhoods

RTA said the upgraded entry and exit points will facilitate smoother access to and from Nadd Hessa, Al Awir 1, Al Barsha South, and Wadi Al Safa 3.

Posted on 18/11/2024

Rory McIlroy ends his year with another win in Dubai and a 6th title as Europe’s best

Rory McIlroy has capped off a tumultuous year with another win in Dubai and another title as Europe’s No. 1 player.

Posted on 18/11/2024

Ellington Properties sets new standard with multiple wins at the 2024 International Property Awards

These achievements reinforce Ellington Properties’ position as a design innovator and benchmark-setter in Dubai’s property market …

Posted on 18/11/2024

Hyundai Motor reveals bold and efficient hydrogen FCEV concept previewing new design language

Dubai – Hyundai Motor Company today unveiled its INITIUM hydrogen fuel cell electric vehicle (FCEV) concept at its ‘Clearly Committed’ event held at Hyundai Motorstudio Goyang. INITIUM is a Latin word …

Posted on 18/11/2024

‘Will I need to pay tax in UK if I rent out my Dubai apartment after relocating to Scotland?’

Question: We plan to leave Dubai next year to move back to Scotland. We own an apartment and were thinking about selling it but now, I think we will keep it and rent it out. My question is if we will …

Posted on 18/11/2024

BlackRock gets Abu Dhabi license to tap into region’s capital markets

The US asset manager’s Abu Dhabi move comes weeks it announced plans to set up its regional headquarters in Saudi Arabia …

Posted on 18/11/2024

Black Friday: Sales in UAE predicted to see major spike this season as retail majors offer up to 80% discount

Digital media channels are preparing for a major promotional blitz to elevate this year’s Black Friday sales to an entirely new level …

Posted on 18/11/2024

DMCC predicts ‘Asian Century’ for precious metals as UAE surpasses UK to become world’s second-largest gold trade hub

DMCC, the leading international business district that drives the flow of global trade through Dubai, today released a special edition of its Future of Trade thought leadership report focused on the …

Posted on 18/11/2024

UAE, Saudi Arabia dominate Mena M&A activity

The Mena region witnessed an increase in merger and acquisition (M&A) activity with a total of 522 deals amounting to $71.0b. When compared to the same period in 2023, deal volume …

Posted on 18/11/2024

Qatari companies join trade mission to the UAE

The UAE market presents an exceptional opportunity for Qatari companies seeking to expand, a senior official said. “We look forward to empowering our longstanding economic relations with our …

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