How Archer aims to revolutionise travel in the UAE

Flying Taxis: How Archer aims to revolutionise travel in the UAE

Nikhil Goel, chief commercial officer of Archer Aviation, showcases how the company is leveraging the strong global demand and its robust ecosystem to revolutionise urban air mobility

AD Ports Group to operate Egypt’s Safaga terminal

AD Ports signs concession deal to operate Egypt’s Safaga terminal

The 810,000 square metre project will have a dock length of 1,100 metres and a depth of 17 metres

Sharjah bans New Year’s Eve fireworks display

Sharjah bans New Year’s Eve fireworks in solidarity with Gaza

The decision was announced in a Facebook post and legal measures would be taken against those found violating the ban.

Saudi’s Mawani inks four contracts worth SAR1bn

Saudi Arabia’s Mawani signs four contracts worth SAR1bn

The authority signed the contracts with Zamil Marine Services and Naghi Marine Company to provide diverse maritime services

UAE to announce petrol, diesel prices for January soon

UAE to announce petrol, diesel prices for January; will rates drop in 2024?

The fuel price committee reduced the retail rates for Super 98, Special 95, and E-Plus 91 by as much as 0.7 fils per litre in December

How REITS are unlocking the potential of UAE real estate

How REITs are unlocking the potential of UAE real estate

REITs in the UAE are a crucial component of the real estate investment landscape and provide opportunities for both local and international investors

GCC region M&A blazes trail as global deals decline

GCC region M&A blazes trail as global deals decline

The GCC region has proven to be one of the most kinetic deal markets in the world in 2023, with dealmakers expected to remain relatively active in the near future

islamic finance_ sukuks Getty images

Global outstanding sukuk market hits $823bn in Q3 2023

The growth in outstanding sukuk is attributed to several factors that are driving the issuance of Islamic bonds including issuers that seek to plug budget deficits

Masdar

Top marks for GCC nations in digital connectivity index

Countries in the GCC are ranking among the highest in the world when it comes to the state of their digital connectivity in 2023

New UAE corporate tax decisions issued by MoF for free zones - for illustrative-purposes-GettyImages-124638324

Tax rules clarified for UAE entrepreneurs earning over Dhs1 million

Any individuals earning over Dhs1 million per year through their business activities will need to register for corporate tax and appropriately declare their income

RTA to build 762 bus shelters in Dubai by 2025

RTA to construct 762 bus shelters in key Dubai areas by 2025

The transport authority is exploring the use of 3D printing technology in the construction of some shelters on a trial base

Dubai approves Dh152m bonus for govt workers

Dubai approves Dhs152m bonus for government employees

Sheikh Hamdan said the bonus underscored the government’s commitment to fostering an environment that nurtures creativity and commitment among employees

Key trade deal brings UAE, Mauritius closer together

The UAE and Mauritius, in first-of-their-kind negotiations, are set to boost each other’s economies in years to come with key trade deals in the pipeline

uae currency dirhams

Strong cash flows for UAE stocks in Christmas Day trade

UAE stocks in Dubai and Abu Dhabi recorded strong cash flows on Monday, surpassing Dhs1bn in market liquidity

S&P Global affirms positive outlook on Bahrain

Bahrain notched up 2.45% growth in third quarter of 2023

The Kingdom of Bahrain showcased healthy GDP growth for the third quarter of 2023, according to the latest statistics revealed by that country.

Institutional investors were hungry for Dubai, Abu Dhabi Stocks in 2023

Institutional investors dominated the UAE equity market in 2023, capturing nearly 78 per cent of total trading activity on the Dubai and Abu Dhabi bourses

Wizz Air Abu Dhabi carries 3 million passengers in 2023

Wizz Air Abu Dhabi carries 3 million passengers in 2023

The budget carrier operated more than 15,000 flights and carried three million passengers

crude oil

Oil eased ahead of Christmas break on possible future Angola output increase

Brent crude oil futures fell 32 cents, or 0.4 per cent, to settle at $79.07 a barrel

Sam Altman of OpenAI

OpenAI in talks to raise new funding at $100bn valuation

The terms, valuation and timing of the funding round have not yet been finalised and could still change

UAE's newly implemented end-of-service benefits scheme

UAE’s new end-of-service benefits scheme for employees: Why should you switch?

Hear from an expert on the UAE’s newly implemented end-of-service benefits scheme

Dubai Emaar Malls - parking

Dubai Mall revamps parking with Salik’s platform: Here’s how it affects you

The system is expected to be operational in Dubai Mall by the third quarter of the new year

Fireworks at Global Village S25 (2) copy

Where and how to watch Dubai’s New Year’s eve fireworks? Here are 8 iconic spots

From the world-famous Burj Khalifa to the secluded hill ranges in Hatta, here are 8 places to watch some stunning fireworks as the Dubai sky lights up on New Year’s eve.

UAE airports see 15 increase in air traffic during COP28

UAE airports register 15% jump in air traffic during COP28

The first day of the climate change summit witnessed the highest daily air traffic rate in the history of civil aviation in the UAE

The Lynas Rare Earths Ltd. processing plant in Kalgoorlie, Western Australia, on Wednesday, Aug. 3, 2022. Lynas, the only key supplier of the critical minerals outside China, has won further financial backing from Washington to build a plant in the US. Photographer: Carla Gottgens/Bloomberg

Saudi Arabia studies graphite, rare earths trading platform

The kingdom has been studying setting up the trading platform in the second half of 2023 but a decision is not expected any time soon

Cash deposits in UAE hit Dhs687.2bn by October-end

Cash deposits in UAE hit Dhs687.2bn by October-end

The central bank said cash deposits during the first ten months of 2023 soared by 8.12 per cent or Dhs51.6bn

Dubai economy sees growth in H1 2023 -GettyImages-1392301478

UAE central bank raises GDP growth outlook to 5.7% in 2024

The apex lender projected that the country’s overall GDP will grow by 3.1 per cent in 2023

New Year 2024 holiday dates announced in UAE

New Year 2024: UAE announces 3-day weekend for public, private sector

The Federal Authority for Government Human Resources said regular work hours will resume on Tuesday 2 January

Tourism boom: Saudi Arabia’s international visitor numbers soar 142%

More tourists than ever before are visiting the Kingdom of Saudi Arabia as inbound visitor numbers have more than doubled since 2022

Sheikh Zayed Grand Mosque. (Source: WAM)

67 million visitors for Abu Dhabi’s Sheikh Zayed Grand Mosque

Ever since opening on 20 December 2007, the mosque has seen millions of visitors come to see the iconic building

ADNOC signs 15-year LNG supply deal with ENN Natural Gas

ADNOC signs multi-year LNG supply deal with China’s ENN Natural Gas

The deal is subject to a final investment decision including regulatory approvals and reaching a definitive sale and purchase agreement