UAE increases fuel prices for February 2023

UAE increases fuel prices for February 2023

Prices were increased by up to 10 per cent

developer portal

Abu Dhabi Islamic Bank reports 55% rise in net profit for 2022

The lender reported revenue worth Dhs6.8bn in 2022, up 23 per cent year-on-year

Sheikh Mohammed opens Arab Health 2023

More than 3,000 exhibitors from over 70 countries are showcasing healthcare technologies at the event

MohRE extends deadline to rectify private sector employment contracts

UAE’s MoHRE extends deadline to rectify private sector employment contracts

The new deadline is now December 31, instead of February 2

Hayya Card holders can enter Qatar until January 2024

Hayya Card holders can enter Qatar until January 2024

Cardholders who wish to enter the country must have a passport validity of at least three months upon arrival

Sheikh Mohammed issues directives to rename Al Minhad area

The newly named Hind City includes four zones, spans an area of 83.9km, and includes housing for Emiratis

National Bank of Kuwait reports $1.7bn in net profit for 2022

The lender’s board of directors proposed a cash dividend of 25 fils per share for the second half of 2022, bringing total cash dividends for the year to 35 fils

QatarEnergy acquires 30% stake in Lebanon's offshore exploration blocks

QatarEnergy acquires 30% stake in Lebanon’s offshore exploration blocks

The partnership marks QatarEnergy’s first exploration endeavour in Lebanon

UAE Banks Savings Deposits in Nov 2022

UAE banks record Dhs246.6bn in saving deposits by end of Nov 2022

Saving deposits increased during the first 11 months of 2022 by 1.98 per cent, compared to about Dhs241.82bn at the end of 2021

DEWA's virtual employee Rammas

Rammas, DEWA’s virtual employee, addresses 6.8 million enquiries since 2017

Rammas provides information on 200 services and features, which include managing supply, bill payment channels and general tips on sustainability, among others

UAE real estate will continue to be resilient in 2023

UAE’s real estate sector to remain resilient in 2023: JLL MENA

Delivery of around 200,000 square metres of retail floorspace last year raised Dubai’s total stock to 4.63 million square metres, with about 355,000 square metres of space scheduled to be delivered in 2023 across the city

Wizz Air Abu Dhabi transports over 1.2 million passengers in 2022

Wizz Air Abu Dhabi transports over 1.2 million passengers in 2022

Wizz Air currently flies to a total of 36 destinations to 25 different countries from Abu Dhabi

Bosses can ask employees to work overtime up to two hours a day

An employee’s total working hours should not cross 144 every three weeks

This road in Dubai will be closed due to rainwater accumulation

Motorists have been advised alternate routes to reach their destination

Dubai Investments acquires 9% stake in UK-based digital bank

Dubai Investments acquires 9% stake in UK-based digital bank

Monument Bank is focused on the overlooked ‘mass affluent’ segment in the UK

Emirates NBD arranges Egypt sukuk

Emirates NBD’s full-year profit rises 40% to $3.53bn

The lender reported a 36 per cent growth in total income, equalling Dhs32.5bn

Aster DM Healthcare

Power Letters 2023: Alisha Moopen, deputy managing director, Aster DM Healthcare

We have a number of expansion projects lined up for 2023

First Abu Dhabi Bank reports highest ever net profit in 2022

First Abu Dhabi Bank reports highest ever net profit in 2022

The bank’s total income stood at Dhs23.9bn, increasing 10 per cent year-on-year, compared to Dhs21.7bn recorded in 2021

Saudi Arabia announces new $266m entertainment destination

The destination will feature an e-karting and a 10-lane futuristic bowling experience, a 12-hole indoor adventure golf course, and a 10-screen cinema

Business Bay 620x3101-1

Dubai’s Business Bay sees highest number of real estate transactions in 2022

The top 10 list of locations that registered the highest number of transactions included Dubai Marina, Al Barsha South 4, Burj Khalifa, Al Merkadh, Al Hebiah 5, and Jebel Ali 1

Rainfall

UAE weather update: More rain, drop in temperatures expected

The country’s lowest temperature – 3.2°C – was recorded at 1am this morning at Jais Mountain

UAE President visits Pakistan

UAE President visits Pakistan

The two sides reviewed several regional and global issues of mutual concern and exchanged views

Dubai Islamic Bank

2022: Dubai Islamic Bank reports highest ever net profit

The bank reported Dhs14bn in total income for 2022, registering a 20 per cent year-on-year rise

Power Letters 2023: Raki Phillips, chief executive officer, Ras Al Khaimah Tourism Development Authority

Balanced Tourism is something we are firmly embracing as an emirate

AD Ports Group

AD Ports Group signs MoU with Türkiye’s Tosyalı

The agreement will enable collaboration across shipping, logistics, freight forwarding and port management

Aramco's venture arm invests $14m in Japanese drone tech firm

Aramco’s venture capital arm invests $14m in Japanese drone tech firm

Terra Drone is the first Asian startup to raise funding from Wa’ed Ventures

Emirates AIrline Festival of Literature is back

Emirates Airline Festival of Literature celebrates its 15th anniversary

Considered among the world’s top 10 literary events, the latest edition of the festival will see the return of authors, who’ve graced the festival over 15 years, as well as a great line-up of new writers, workshops and interactive sessions  

UAE's Edge Group invests $14m in tech company High Lander

UAE’s Edge Group invests $14m in tech company High Lander

Edge aims to utilise High Lander’s Universal UTM solution in autonomous operations management

Saudi Arabia scraps restrictions on Hajj pilgrim numbers, age limit

Saudi prepares to serve two million pilgrims during Hajj season

Hajj is one of the five pillars of Islam, obligatory once in a lifetime for all who are able

Abu Dhabi hotels enjoy a good year in 2022_GettyImages-1316754718

Abu Dhabi hotels generate Dhs5.4bn in revenue in 2022

The average revenue per available room was Dhs263, up 19 per cent