Business groups aims to unify the voice of the business community and promote the private sector’s role in economic growth …
Abu Dhabi’s ADNOC working with Goldman Sachs on gas business, sources say
Abu Dhabi National Oil company (ADNOC) has engaged Goldman Sachs to work on consolidation of its gas operations for a planned stock market flotation next year, two sources close to the transaction …
DMCC gathers over 250 Israeli business leaders
Dubai’s free zone holds its first-ever physical Made For Trade Live event in Tel Aviv; Event highlights opportunities in Dubai and builds on DMCC’s longstanding …
Saudi imports from GCC countries hit SAR 6.58 bln in September; UAE accounts for 62%
Saudi Arabia’s imports from GCC countries rose38% year-on-year (YoY) to SAR 6.58billion inSeptember, according to a recent report by the General …
Zayed Al Katheeri aiming high after historic feat at Abu Dhabi World Professional Jiu-Jitsu Championship
ABU DHABI, 29 November (BelTA – Emirates News Agensy). – Zayed Al Katheeri made history when he became the first Emirati black belt to earn a gold medal at the Abu Dhabi World Professional Jiu-Jitsu …
UAE revamps bankruptcy rules amid family business reform
The new law will come into effect by January 2023, creating a ‘huge’ effect on national economy UAE revamps bankruptcy rules amid family business reform bankruptcy law, Commercial Companies Law, …
Dubai luxury property market eyeing a record 2023: Knight Frank report
The prices are set to rise 13.5 per cent next year as more and more foreign buyers and high-net-worth individuals are showing keen interest in the Dubai market, which also covers neighbourhood areas …
Top Headlines: India-UAE trade deal; crude import basket at 10-month low
The price of the Indian basket of crude oil has hit a 10-month low of $88.6 a barrel in November, government data showed …
Prime residential market in Dubai set for world’s strongest growth in 2023
Prime values are being fuelled by Dubai’s safe-haven status, an exceptionally diverse range of international ultra-high-net-worth individuals in search of luxury second homes, combined of course with …
Teams for Hero Cup in Abu Dhabi announced with Fleetwood and Molinari as captains
The teams for the inaugural Hero Cup in Abu Dhabi were announced on Monday, with Tommy Fleetwood set to captain the Britain and Ireland side up against a Continental Europe led by Francesco Molinari.
Police in Dubai, elsewhere bust ‘super-cartel’ running 1/3 of Europe’s cocaine trade
Police have smashed a huge drug “super-cartel” that controlled around a third of Europe’s cocaine trade, arresting 49 people in various countries, including six chief suspects in Dubai, Europol said …
UAE’s new family business law to come into effect in January
The impact of this law on the economic development will be huge since 90 per cent of private companies in the country are family businesses,” Abdullah Al Saleh, Undersecretary of the Ministry of …
Dubai free zone group sees profit surge $17%
Sheikh Ahmed bin Saeed Al Maktoum, Chairman of DIEZ, said, “DIEZ’s exceptional results reflect Dubai’s strategic importance for international business and reinforce its position as a global hub for …
Ghana in Talks With Dubai Oil Refiner to Barter Gold for Fuel
The government reached a “tentative” agreement with the Dubai-based oil firm … to the central bank from Jan. 1 as it builds up reserves of bullion to be used to import fuel and reduce demand for …
MENA fintech hubs are channelling funds into the sector but need to keep momentum: Report
A report by Strategy& analysed that the need for the growth of the fintech sector in the region will require public and private collaboration. It also said the fintech hubs are channelling significant …
UAE jobs: New federal law to attract more family businesses, boost economy, says top government official
The decree, which will come into force in January 2023, aims to enhance and raise the family business environment in the country to globally competitive levels …
UAE plans global energy push with $206b oil, gas spending
It will try to raise crude output capacity to 5 million barrels a day by 2027, earlier than the previous target of 2030. Read more at straitstimes.com.