India’s platinum imports soared recently as bullion dealers exploited a regulatory loophole by registering alloys containing around 90% gold as platinum to benefit from lower import duties. This has …
Ind’s 4-week platinum imports cross ’23 total
Since April 1, dealers pay only 5% import duty on platinum against 15% on gold under the Comprehensive Economic Partnership Agreement signed between India and major bullion trading hub the UAE in 2022 …
Ancient ship — made of goat hair and reeds — reconstructed off Abu Dhabi, photos show
The unique vessel proved seaworthy, completing multiple “rigorous tests” that spanned 57 miles in the Arabian Gulf, researchers said. The ship, helmed by Emirati sailors and escorted by the UAE Coast Guard, reached speeds of 5.6 knots.
UAE, Saudi and Egypt start-ups secure most VC funding in H1
Start-ups in the UAE, Saudi Arabia and Egypt secured the most funding in the first half in Mena as the region’s venture capital landscape witnessed a 33 per cent increase in investor number, …
Banks in Abu Dhabi pump AED45.8 bn in financial facilities in first four months
ABU DHABI, 15th July, 2024 (WAM) – Gross domestic credit extended by banks operating in Abu Dhabi in the first four months of the year grew by 5 percent or AED45.8 billion to AED 961.9 billion from AED915.9 billion at the end of last year, according to UAE banking indicators by emirate released by the Central Bank of the UAE (CBUAE).
UAE lifts its 21-month visa ban on Nigerians
The UAE has lifted a visa ban on Nigerians and introduced new rules requiring digital verification for Nigerian passport holders seeking its visas.
3,752 licences issued, 30,910 renewed in Sharjah during H1 2024: SEDD
Thus, Sharjah Economic Development Department (SEDD) has released its report for the first half of 2024, which showed an increase in the total number of business licences issued and renewed in Sharjah …
Eternal Home launches Sharjah showroom
Eternal Home recently opened its showroom in Sharjah. The 25,000 square foot facility was inaugurated by popular Indian actor and filmmaker R. Madhavan. Eternal Home was established in 2021. “At …
Shorooq partners co-leads $37mln investment in Climatetech Company 44.01
Head of Equinor Ventures, Lars Klevier, said “Equinor Ventures is proud to announce the investment in 44.01, a company specializing in carbon dioxide (CO2) mineralisation technology. This investment …
Mozn named among world’s top fintech companies in 2024 for second consecutive year
Dubai, UAE: Mozn, the Saudi regional leader in enterprise AI technologies, has been recognized as one of the Top 250 FinTech Companies globally by CNBC and Statista, a leading statistics firm. This …
Mozn named among world’s top fintech companies in 2024 for second consecutive year
Dubai, UAE: Mozn, the Saudi regional leader in enterprise AI technologies, has been recognized as one of the Top 250 FinTech Companies globally by CNBC and Statista, a leading statistics firm. This …
Mozn Recognized Among Top Fintech Firms Globally for Second Year
In a testament to its innovative strides in financial technology, Mozn has secured its position among the world’s leading fintech companies for the second consecutive year. The accolade, announced for …
National Bonds onboards United Arab Bank to its innovative Al Manassah Platform
National Bonds has processed AED 189 billion transactions, with more than AED 27 billion facilitated in 2023 alone through the Al Manassah Platform …
UAE business: Emirates Development Bank financing hits $3bn, manufacturing and technology sectors benefit
The Bank has supported CAPEX financing of industrial projects valued at AED48bn ($13.1bn), greenfield projects worth AED14bn ($3.8bn) and Foreign Direct Investment projects worth AED6.8bn ($1.9bn), …
Tier one real estate brokerage firm, DRE launches new headquarters in Dubai Hills Estate
The strategically located new office will serve as a hub for driving the company’s future growth while fostering a culture of entrepreneurship, training and career …
Sharjah Schools To Introduce Chess To Nurture Young Talent
Institutions in Sharjah may soon see the introduction of chess in several schools as the emirate is actively promoting the game among students in a bid to identify new talents. The world’s largest …
Sharjah Government Communication Award 2024 forges strategic partnerships with global powerhouses to advance government communication practices
The award partners with 4 distinguished international organisations; Apolitical, CSO Network, UNITAR and with technical support from UN DESA …