Khamis Juma Buamin, chairman of Drydocks World, said he expects to reach a restructuring deal with creditor banks by the end of April. “The headline terms have been agreed upon,” he said. Of the $2.2 …
Dubai is a ‘haven for money laundering’
The UAE’s unwillingness to tackle corruption and money laundering is a global challenge that must be addressed, says a US think tank.
How the UAE’s record budget will be spent in 2025
The UAE has approved its federal budget for 2025 and focused most of next year’s spending on social benefits and government affairs. The Gulf state’s budget maintains a balance between income and …
Emirates NBD Securities opens GCC markets to UAE investors
Broker expands trading access to Oman, Qatar, Kuwait, and Bahrain Dubai: Emirates NBD Securities has expanded its trading reach, giving UAE investors direct access to all key stock markets across the …
Dubai Islamic Bank launches new corporate identity
08 November 2005 Dubai – Dubai Islamic Bank (DIB) has announced the launch of a new Corporate Identity that reflects the bank’s progressive vision to provide a better way of banking.The launch of the …
Abu Dhabi awards $1.7bn contract to ALEC for Sphere entertainment venue
ALEC, a publicly listed UAE contractor, will be responsible for the full design, procurement and construction of the venue, which will feature advanced immersive technologies and integrated building s …
Strait of Hormuz turmoil ‘serious’ risk for Europe, top UAE adviser warns
UAE presidential adviser Dr Anwar Gargash said at a conference in Prague that the Strait of Hormuz is a European energy problem, not a distant regional one, as the region continues to face the worst …
Dubai updates parking codes with weeks left for variable rates
Last month, Parkin PJSC announced that the new variable pricing tariff will take effect from early April 2025 across Dubai …
Iran’s guards used UAE company to buy Chinese satellite equipment
A Financial Times investigation says Iran’s Revolutionary Guards used a UAE-based company to buy Chinese satellite communications equipment for military use, exposing how Tehran may still be using …
Dubai’s Parkin announces 5% VAT on all parking services starting June 1
The move was in coordination with relevant government authorities and applicable UAE tax regulations, operators noted …
Abu Dhabi, Qatar Quietly Slip More Tankers Through Hormuz
Abu Dhabi National Oil Co. has been quietly ferrying oil and gas shipments out of the Persian Gulf using its own fleet, apparently clearing both the Iranian navy and US warships to reach …
UAE: Egyptian killed, 4 injured after debris hits Abu Dhabi gas facility
Two Pakistani and two Egyptian nationals injured in Habshan gas plant fire Abu Dhabi: Authorities confirmed that two fires erupted at the Habshan Gas Processing Plant following the fall of debris …
UAE and Saudi Arabia reroute some oil exports away from Hormuz
The UAE and Saudi Arabia are redirecting some oil exports away from the Strait of Hormuz as the latest Gulf crisis exposes the risks of relying too heavily on a single chokepoint. The shift does not …
DFSA, VARA to strengthen Dubai’s financial and virtual asset regulation
DFSA regulates DIFC, while VARA oversees Dubai’s virtual assets sector outside the centre DIFC has its own independent, internationally recognised regulator, the Dubai Financial Services Authority …
Africa Finance Corporation secures inaugural AED937.5mln sustainability-linked loan backed by United Arab Emirates (UAE) Banks
The AED 937.50 million (US$255 million) facility reflects AFC’s commitment to use financial innovation tools to optimise funding for transformative infrastructure Distributed by APO Group on behalf of …
Dubai Dining Awards 2026: Full list of winners shaping the city’s culinary identity
The Dubai Dining Awards 2026, presented by KT Luxe, celebrate the venues and visionaries redefining how the city experiences hospitality today. From boundary-pushing immersive concepts and refined …
FIRSTLINE is giving Dubai dining a social glow-up
Dubai’s dining scene has always been about more than simply booking a table. It’s about who introduced you to the place first, which restaurants become part of your social circle and the spaces people …