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Posted on 19/09/2024

Dubai overtakes Antwerp as India’s rough diamond supplier: GTRI

Chennai: Dubai has overtaken Antwerp in Belgium as the dominant rough diamond supplier to India. The emergence of Dubai has rendered India’s Special Notified Zones in Mumbai and Surat …

Posted on 19/09/2024

Trafigura inks $150m finance deal to ship bulker cargoes out of UAE

Swiss trader and shipowner Trafigura has revealed a new finance deal to support dry cargo shipments out of the United Arab Emirates. The company said it has signed a $150m package over two years for …

Posted on 19/09/2024

Dubai: Gold prices jump to new high after Fed rate cut

At 3pm UAE, gold was trading at $2,588.04 an ounce … the Federal Reserve’s dot plot shows a steeper decline in interest rates than previously forecast by the central bank. This trajectory could …

Posted on 19/09/2024

Are You Being Scammed by the Viral Dubai Chocolate Bar?

If you bought it in the United States, the answer is probably yes.

Posted on 19/09/2024

Dubai real estate: One Development to launch $545m City of Arabia project

UAE real estate newcomer One Development is set to launch its AED2bn ($545m) City of Arabia project in Dubai. The homegrown international boutique developer has offices in Abu Dhabi and Dubai and will …

Posted on 19/09/2024

Hisense accelerates R&D with dedicated centre at Dubai Internet City to deliver tailored innovation for the Middle East

The opening ceremony took place in the presence of several dignitaries, including H.E. Dr Abdul Rahman Hassan Almuaini, Assistant Undersecretary for Intellectual Property Rights Sector … Group and …

Posted on 19/09/2024

Riyadh Cables, Mobily go ex-dividend today

Shares ofTadawul-listedRiyadh Cables Group Co.and Etihad Etisalat Co.’s (Mobily) have their ex-dividend today, Sept. 19, for H1 2024. Track the …

Posted on 19/09/2024

Sharjah expects 180,000 Indian hotel guests by December, a 10% rise from 2023

Sharjah welcomed 165,000 Indian hotel guests in 2023, making India the emirate’s third-largest source market. The Sharjah Commerce & Tourism Development Authority (SCTDA) is ramping up efforts to …

Posted on 19/09/2024

AD Ports Group achieves 2% cut in greenhouse gas emission intensity in 2023

AD Ports Group said it achieved a two per cent reduction in its greenhouse gas (GHG) emission intensity in 2023 to 11.67 kg of CO 2 equivalent per Twenty Foot Equivalent Unit (TEU) from 11.93 kg CO 2 …

Posted on 19/09/2024

In under 3 minutes: Sharjah rolls out the world’s first AI-generated trade licence

Sharjah has rolled out the first AI-generated trade licence in the world which takes only three minutes to get the licence. Mohammed Juma Al Musharrakh, CEO of Sharjah FDI Office, said this new …

Posted on 19/09/2024

Sharjah launches world’s first AI-powered trade licence in 5 minutes

Sharjah has launched the world’s first trade licence issued entirely through artificial intelligence (AI). The ground-breaking step enables entrepreneurs and investors to complete the entire licensing …

Posted on 19/09/2024

Dubai Chambers showcases opportunities and prospects to strengthen global partnerships during annual Diplomatic Circle gathering

Dubai Chambers has successfully held the 12th edition of its ‘Diplomatic Circle’ event. The annual gathering attracted the participation of more than 10 …

Posted on 19/09/2024

Aldar-Mubadala JV to develop $3.5bln luxury waterfront projects in Abu Dhabi

A new joint venture (JV) between Aldar Properties, Abu Dhabi’s largest listed developer, and Mubadala Investment Company, a sovereign fund, will masterplan and develop two upscale waterfront communities off Saadiyat Island and Yas Island. The combined …

Posted on 19/09/2024

Michelin Guide returns with food festival in Abu Dhabi

The second edition of the festival will take place at Emirates Palace Mandarin Oriental from November 22 onwards

Posted on 19/09/2024

UAE Central Bank cuts base rate to 4.90% following US Fed cecision

The Central Bank of the United Arab Emirates (CBUAE) has announced a reduction in its Base Rate by 50 basis points, effective from September 19. The rate, which applies to the Overnight Deposit …

Posted on 19/09/2024

UAE banking sector’s liquid assets rise to Dhs800 billion by end of Q2 this year

The UAE banking system is well-capitalised, with a total capital adequacy ratio of 18.3 per cent at the end of Q2 2024, up from 18 per cent at the end of Q1 2024 and 17.9 per cent at the end of Q4 …

Posted on 19/09/2024

Supreme Positive Momentum Continues After Strong Performance

Supreme said it delivered record organic revenue and profit growth for fiscal 2024 driven by strong consumer demand, adding that the positive momentum is continuing into the first half of fiscal 2025.

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