Saudi Arabia’s economy will grow at a slower pace this year than previously predicted as oil prices drop from recent peaks, according to a Reuters poll which also showed the United Arab Emirates (UAE) expanding at the fastest clip in the region.
DMW awaiting official reports on deaths of 3 Filipinos in UAE floods
The Department of Migrant Workers (DMW) said it is still waiting for official documents on the deaths of three Filipinos due to massive flooding in the United Arab
Dubai diary: Exploring the city where culture meets modernity
It has been a mixture of relief and shock as I grappled with the idea of Dubai inundated with unprecedented rains. To think that I was right there on Sheikh Zayed Road walking with my friend and being driven all over the beautiful sites of the city just a couple of weeks ago seems unbelievable when I see the pictures of a multitude of cars caught up in endless traffic jams.
Innovation journey: Dubai welcomed Kaspersky’s Cyber Immunity Conference
Leading cybersecurity experts, scientists, business leaders and government officials from more than 20 countries worldwide have come together for the inaugural international Cyber Immunity Conference.
Emaar Properties Announces a High Dividend of AED 4.4 billion (50 Fils per share) at General Assembly Meeting and Reports highest ever property sales of AED 40.3 billion for 2023
The Annual General Meeting (AGM) of Emaar Properties PJSC was held in Dubai on Monday, April 22, 2024, where shareholders approved the Board of Directors’ proposal for a notable dividend of 50 fils …
UAE Floods Shown in Incredible Before-and-After Satellite Photos
Images show parts of the United Arab Emirates completely dry on April 3 and then covered in water after storms hit on April 19.
NASA’s Landsat 9 satellite captures before and after pics of Dubai floods from space
One of the pictures taken by NASA satellite shows flooding in Jabel Ali, while another shows flooded areas in Abu Dhabi, the capital of UAE.
ADQ and Oman Investment Authority launch $180m fund to boost Mena tech momentum
Abu Dhabi-based investment and holding company ADQ and the Oman Investment Authority have launched a new $180 million technology-focused fund, to support the technology momentum in the Middle East.
Partnerships in fintech, aviation, clean energy tech to drive India, UAE growth story: CEPA Council Director
The UAE-India CEPA Council (UICC) was launched on the sidelines of the Vibrant Gujarat Summit in January. The two countries implemented the Comprehensive Economic Partnership Agreement (CEPA) in May …
Network International obtains Stored Value Facility licence from UAE Central Bank
Dubai, United Arab Emirates: Network International LLC (Network), the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has announced that it has obtained a stored …
Arada rolls out major initiatives to support the people of Sharjah during flooding crisis
April 2024: Arada has launched a series of initiatives designed to help the people of Sharjah during the current flooding crisis, which includes providing free housing and meals for stranded residents …
Volunteers use dinghys to float supplies to Sharjah residents almost a week after floods
Six days after a record-breaking storm hit the UAE, volunteers could still be seen in Sharjah rowing inflatable boats and taking residents to safety The dinghys were also used to transport essential …
Unlocking success: 92% of entrepreneurs in the UAE embrace technology
Global Entrepreneurship Survey reveals entrepreneurs in the UAE are innovative and digitized with 92% also reporting confidence in their abilities to use AI technology for their business …
UAE-Oman Business Forum strengthens bilateral ties and economic growth: OCCI Chairman
Al Rawas highlighted the key role of bilateral agreements signed during the forum in enhancing the private sector’s contributions to the economies of both countries …
Arabian Business Leadership Summit 2024 is a ‘chance’ to learn from leaders, says GMG chief
The Arabian Business Leadership Summit 2024 will be held on May 22 at the Armani Hotel in Dubai. This year, the summit will bring together global business leaders to discuss various industry-wide …
Diego Megia’s Millennium-Backed Hedge Fund Plans Milan Office
Former Millennium Management portfolio manager Diego Megia’s new hedge fund is setting up an office in Italy, joining peers seeking to take advantage of the tax incentives offered by the European …
Islamic banking and finance is emerging in CIS Countries
While the global assets of Islamic finance industry boast a value exceeding $4.5 trillion, CIS countries are just beginning to tap into this potential. This surge is driven by a combination of factors …