This new service, available from Europe and central Asia, is poised to increase visitor arrivals to the UAE, while further solidifying ADNEC Group’s position as a key player in the regional tourism se …
UAE: Indian rupee inches higher against dirham in early trade
India recorded GDP growth of 7.8 per cent during the April-June period of 2023-24, the highest in the past four quarters …
Jet Airways revival: UAE’s Murari Lal Jalan pays India banks $12mn as takeover nears
UAE-based Indian business man Murari Lal Jalan-led consortium announced depositing $12 million (Rs 1 billion) as payment to the lenders of the grounded Jet Airways, moving further close to the …
Real Estate: Dubai’s multi-billion dollar JV launches ‘Empire Developments’
Dubai-based EssKay Holdings and Peace Home Real Estate business conglomerates jointly venture into UAE’s real estate market and set to launch Empire Developments, the real estate development company.
Abu Dhabi: Road closure on Sheikh Zayed bin Sultan Street
The Integrated Transport Centre (ITC) has issued a notification for motorists. The ITC has announced a partial road closure of multiple streets in Abu Dhabi. For those using the Sheikh Zayed Bin …
Sorbonne University Abu Dhabi organises orientation event for new intake
The event took place from 29 to 31 August and aimed to facilitate a seamless transition for new students into university life, ensuring that students embark on their educational journey well-prepared …
Bitay announces strategic expansion into UAE’s burgeoning crypto market
The UAE, which has an impressive 99 per cent internet penetration rate according to a McKinsey study, welcomes Bitay, a cryptocurrency platform from Turkey. This move aligns with the UAE’s growing …
UAE family offices and UHNWIs forecasted to contribute half $1trln by 2026
UAE – In the UAE, financial wealth, generated by ultra-high-net-worth individuals and family offices is forecasted to increase to 46 per cent by 2026. It is estimated that the overall UAE’s financial …
Drivers of innovation in financial services
FinTech has been a cornerstone for the financial innovation … services” report is the second in a series of reports covering recent trends emerging in Dubai’s financial industry, a collaboration …
Brazil set to capitalize on Saudi-UAE competition as investments take shape
South America’s largest economy has been actively engaging with the UAE and Saudi Arabia under newly reelected President Luiz Inácio Lula da Silva.
UAE eyes $50bln in trade with Turkey and Indonesia in 5 years
Turkey CEPA and the UAE-Indonesia CEPA will now remove or reduce tariffs on a vast array of goods, eliminate unnecessary barriers to trade, and establish pathways for investment into priority sectors …
UAE weather: Fair to partly cloudy day ahead, temperatures may drop this afternoon
Low clouds are expected to appear over the eastern coast by morning, with a chance of convective cloud formation in eastward regions by afternoon. Temperatures are expected to decrease in the …
UAE leads MENA’s M&A deals in H1 2023 as state reforms draw investors
Last March, Apollo Global Management and ADIA confirmed plans to acquire UAE-headquartered Univar Solutions for $8.2 billion. Also in the same month, Blackstone and ADIA signed a deal to acquire Cvent …
Abu Dhabi Airport’s New Terminal-A Building To Get Operational From November
By November this year, the new Terminal A building of the Abu Dhabi Airport will become operational with over 7 lakh sq-km of built-up area.
Abu Dhabi looks to new aviation era as $3bn terminal to open
A beacon of modernity and sophistication, it will be a pivotal driver for our emirate’s growth by spurring tourism and trade.”Covering 742,000 square metres of built-up area, Terminal A is one of the …
UAE ‘on course’ to reach $1tn non-oil trade target by 2031
The UAE is “on course” to achieve its non-oil trade target of Dh4 trillion ($1 trillion) by 2031 amid policies such as the signing of comprehensive economic partnership agreements, the Minister of …
Who is Nasser Ali Shaban Ahli: UAE link featured in OCCRP report on Adani
One of the initial cases where his name features is that of an investigation by the Directorate of Revenue Intelligence (DRI) into alleged illegal diamond trading by Adani companies in 2007 …