In the last quarter of 2023, banks’ total assets increased by 3.1 per cent quarter-on-quarter while total deposits of resident and non-resident customers with UAE banks rose by …
Sharjah Islamic Bank to distribute 4,000 food baskets to needy families
The Sharjah Islamic Bank distributes Iftar meals at Ramadan tents near major mosques in various areas of Sharjah, including tents near the King Faisal Mosque and the Mohammed Bin Dalmouk Mosque.
Hezbollah official makes landmark visit to UAE, sources say
A senior official from the Iran-backed Lebanese group Hezbollah has made a landmark trip to the United Arab Emirates to facilitate the release of more than a dozen Lebanese nationals detained there, …
US no longer in top 20 of world’s happiest countries and is now behind Kuwait, Lithuania, UAE
The U.S. has fallen eight spots and is no longer in the top 20 happiest countries in the world, falling behind countries like Canada, Israel, Kuwait, Lithuania and UAE.
UAE industrial exports have grown by Dhs70 billion in 3 years: Minister
Dr Sultan Bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, affirmed that, since its establishment, the Ministry of Industry and Advanced Technology (MoIAT) launched numerous strategic …
French President Macron honours UAE State Minister Noura Al Kaabi
Al Kaabi received the medal from Nicolas Niemtchinow, Ambassador of France to the UAE, at the Embassy in Abu Dhabi, in appreciation of Al Kaabi’s contributions to reinforcing bilateral ties between …
UAE: RAK authorities successfully intercept two drug smuggling operations
The Ras Al Khaimah Customs Department intercepted two attempts to smuggle nearly 11 kilogrammes of drugs over the past week. The drugs were found hidden in the bags of two passengers upon their …
Keysight and Capgemini Validate 5G New Radio RAN Solution for Non-Terrestrial Networks
test scenarios in a set-up using Capgemini’s 5G New Radio (NR) central unit (CU) and distributed unit (DU) framework supporting NTN functionality. The validation was made possible with Keysight’s …
Dubai’s ‘Sustainable City’ Was Supposed to Start a Trend. It Hasn’t Yet
Clusters of homes share parking lots — shaded with solar panels — on the development’s outskirts, which means residents must walk to their cars, even during Dubai’s hot and humid summers. (Many …
UAE: Set up a business in free zone in 6 easy steps
The Ministry of Economy changed the minimum age for a business to 18. Setting up a business in a UAE Free Zone is considerably easy, and can be done in just six simple steps, according to the UAE’s …
UAE’s industrial exports have grown by AED70 billion in 3 years: Sultan Al Jaber
Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, affirmed that, since its establishment, the Ministry of Industry and Advanced Technology (MoIAT) launched numerous …
Top shareholder Borse Dubai to sell Nasdaq shares worth $1.6 billion
Nasdaq said on Tuesday that Borse Dubai would sell shares worth $1.6 billion in the U.S. stock exchange operator, ceding its spot as the company’s top shareholder to private equity firm Thoma Bravo.
What free zone companies need to know about UAE’s corporate tax
While companies operating in the UAE free zones might not need to pay the corporate tax, which came into effect in June last year, some conditions remain that make them subjective to the tax.
Turkish fund, UAE bank ink 1st Islamic finance deal
ISTANBUL, March 20 (KUNA) — Turkiye Wealth Fund (TWF) and UAE’s Sharjah Islamic Bank (SIB) have signed a USD 100 million Murabaha financing agreement. This three-year term agreement marks the first …
Where to celebrate Holi in Dubai
This year the festival falls on Monday March 25. But celebrations in Dubai are starting early in 2024. With DJs on the decks, celebrities on the guest list and vibrant colour wars on the cards, …
12 new hotels in Dubai, from FIVE to One&Only
Dubai is an ever-changing landscape of skyscrapers, huge shopping malls and five-star hotels. And 2024 is no exception to this rule, as there are a number of new hotels that we’re excited about …
Saudi Arabia reportedly in talks with VC firms like Andreessen Horowitz to create mammoth $40 billion AI fund
Saudi Arabia’s PIF has been on a buying spree as it seeks to diversify the kingdom’s revenues away from oil. Andreessen Horowitz, with $35 billion in assets under management, has backed successful …