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Tag: business

Posted on 23/04/2025

UAE ranks among top global AI contenders, says BCG report

Mapping the Region’s Readiness for an AI-Driven Future’, places the UAE in the ‘AI Contender’ category alongside 31 other economies, including Saudi Arabia …

Posted on 23/04/2025

Most UAE firms pause hiring in first quarter as corporate tax and costs add up

Most companies in the UAE paused hiring in the first quarter of 2025, choosing instead to operate with existing staff, according to recruitment company Cooper Fitch.The country recorded a 1.25 per …

Posted on 23/04/2025

Abu Dhabi Shares Witness Highest Overseas Buying Among GCC Peers In First Quarter

The Abu Dhabi Stock Exchange (ADX) witnessed the highest buying by foreign investors among GCC stock markets in the first quarter, a rep …

Posted on 23/04/2025

Japan’s crude oil imports in structural decline, dependence on Middle East grows

Japan’s crude imports are in structural decline. The country is increasingly dependent on Saudi Arabia and the UAE, according to Vortexa. The decrease in Japan’s crude imports from 2022 to 2024 can be …

Posted on 23/04/2025

Sharjah Asset Management participates in Arabian Travel Market

Sharjah Asset Management, the investment arm of the Government of Sharjah, is participating in the Arabian Travel Market 2025, which will be held from 28th April to 1st May at the Dubai World Trade …

Posted on 23/04/2025

Empowering UAE Startups: DianApps introduces end-to-end mobile and web development services

The business now provides a full range of digital services designed to meet the demands of UAE startups and focused on development companies …

Posted on 23/04/2025

UAE’s Sunset Hospitality Group Bags US$25 Million Investment

UAE-headquartered global lifestyle hospitality company Sunset Hospitality Group (SHG) has secured a US$25 million investment from the private credit business line of the New York-based investment …

Posted on 23/04/2025

The Offshore Energy in the Gulf Fifteen Years after Deepwater Horizon

Much has changed in the Gulf Coast region in the years since the Deepwater Horizon blowout and oil spill. In this piece, Lauren Alexander Augustine, executive director of the Gulf Research Program, …

Posted on 23/04/2025

Limp Bizkit are coming to Abu Dhabi for a huge concert

Nu-metal fans, it’s time to dust off your backwards caps and cargo pants – Limp Bizkit are heading to Abu Dhabi for one loud, rebellious night of rock chaos. The legendary rap-rock band is set to tear …

Posted on 23/04/2025

A huge new shopping mall is opening this week

Listen up, shoppers. Dubai is getting a brand new mega mall. Located in the Nad Al Sheba neighbourhood, this massive 500,000 sq. ft. retail destination is set to open on Thursday April 24. Featuring …

Posted on 23/04/2025

Emirates NBD Reports 56% Surge in Profit Before Tax to AED 7.8 Billion

Emirates NBD’s Profit before tax rose 56% to AED 7.8 billion as strong lending momentum, an improvement in deposit mix and new products drove an 11% year-on-year increase in income. The balance sheet …

Posted on 22/04/2025

UAE’s ADNOC inks deal with China’s largest offshore producer as US tariffs bite

A third deal has been struck between a Chinese entity and the Abu Dhabi National Oil Company as Beijing scrambles for alternative sources to replace the US supply.

Posted on 22/04/2025

Israel optimistic on reaching trade deal with US, economy minister says

Israel is hopeful that it will reach a trade agreement with the United States before a pause to a barrage of U.S. tariffs on global imports expires on July 9, Israeli Economy Minister Nir Barkat told …

Posted on 22/04/2025

3,000-year-old necropolis found for first time in Abu Dhabi. See ‘mystery’ site

A large necropolis discovered in an ancient oasis provides a missing piece to the archaeological puzzle of the Iron Age, officials said. Screengrab from the United Arab Emirates’ Department of Culture …

Posted on 22/04/2025

Sharjah allocates 23 specialised vehicles for elderly and People of determination

Based on a decision by the Sharjah Executive Council (SEC), the specialised transportation service for the elderly has been transferred from the Sharjah …

Posted on 22/04/2025

Emirates NBD’s profit before tax surges 56% surge to Dh7.8b

Emirates NBD, a leading banking group in the UAE, announced a remarkable 56 per cent increase in profit before tax, reaching Dh7.8 billion for the first quarter of 2025. The bank’s performance was …

Posted on 22/04/2025

UAE: New generation of entrepreneurs transforming concept, purpose, and culture of enterprise

CEO of the Sharjah Entrepreneurship Centre proud to see founders achieving their goals while addressing complex challenges; from food security to inclusive and accessible services.

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