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Dubai government debt burden

Dubai’s debt burden to drop to 51% in 2023, says S&P Global

The government’s debt stock could fall even faster if the reduction in nominal debt continues over the coming years

ADNOC L&S IPO

ADNOC raises size of its logistics unit IPO on heavy demand

The maritime logistics firm expects the final offer price to be announced on May 26, after the book-building process

The Eternal Pink diamond unvelied at Dubai's DDE. Image Credit: DMCC

World’s largest ruby, most vivid pink diamond unveiled in Dubai

The unveiling of the pink diamond and the ruby highlights Dubai’s leading role in the diamond industry and growing presence in coloured gems

UAE Weather rain

UAE weather: Rain hits parts of the country; Orange alert raised

Residents are advised to take precautions and avoid flooded areas for their safety

TAQA, Uzbekistan power generation

TAQA to explore investments worth $3bn in Uzbekistan’s energy sector

The investment opportunities include new and existing power plants as well as associated power infrastructure with a combined value of more than $3bn

UBF

UAE Banks Federation confirms 100% spike in use of digital banking channels

According to a survey conducted by UAE Banks Federation, the county ranked second globally in terms of customer confidence in banks at 84 per cent in 2022

WeWork

Productivity: How to manage your energy efficiently

You can maximise your efficiency by managing your energy. These daily rituals will help

Empower adds DXB to its portfolio

Empower adds Dubai International Airport to its district cooling portfolio

The total capacity of the plants is equivalent to 11 times the consumption of the world’s tallest tower, the Burj Khalifa

Etihad rail Arsenale sign Mou for luxury train cruise

Etihad Rail, Arsenale to bring luxury train cruise to UAE, GCC

The luxury train will travel through the UAE towards the border with Oman, passing through Mezeira’a, and the Liwa Desert and its oasis

Emirates inflight Wi-Fi in Premium Economy Class

Emirates: All passengers can now avail of free Wi-Fi onboard

The airline said all Emirates Skywards members in every class of travel can now enjoy some form of free Wi-Fi connectivity

Mubadala has invested in clean energy FY 2022 financial highlights

Abu Dhabi’s Mubadala outperforms global benchmarks in 2022

The company deployed Dhs107bn in industries such as life sciences, renewable energy and digital infrastructure

UAE-UK Sheikh Abdullah bin Zayed Al Nahyan and James Cleverly meet for the Strategic Dialogue between the UAE and UK. Image Credit: MOFAIC

UAE-UK inaugural strategic dialogue: key takeaways

The strategic dialogue builds on the 2021 bilateral meet during which the two countries agreed to establish a partnership for the future

CBUAE revokes licence of an exchange firm

UAE bank investments hit record high of Dhs541bn in February

The CBUAE update showed a year-on-year growth of 15.2 per cent over the same period last year

Israel consul general Liron Zaslansky with Ian Fairservice, Managing Partner & Group Editor-in-Chief of Motiva

Strengthening the UAE-Israel partnership

H.E Liron Zaslansky, Consul General of Israel in Dubai shares her thoughts on the strong relationship between the two states and avenues for further growth

etihad airways CO2 emissions reduction in 2022

Etihad reports 26% drop in CO2 emissions per RTK in 2022

In its annual sustainability report, the airline stated that it had reduced CO2 emissions per revenue tonne kilometre to 482g compared to the 2019 baseline

UAE, Italy strengthen economic partnership

UAE, Italy strengthen economic ties, explore investment exchanges

The partnership is expected to create new investment opportunities to support sustainable economic growth

RTA to open 3 new metro link bus routes phot courtesy RTA

Dubai’s RTA has launched these 3 new metro link bus routes

The RTA has said it will make improvements to the journey times of 48 other routes in addition to the new bus routes

UAE's One Dirham banknote issued in 1973. Image Credit: Central Bank of the UAE

UAE’s dirham marks 50 years of circulation

The Emirati dirham was issued as the UAE’s official currency replacing a mix of international currencies which had been in circulation in the emirates

UAE MoI amends certain traffic laws

UAE’s MoI announces amendments to UAE traffic laws, covers fines, points

Ministerial Resolution No (178) of 2017, which outlines traffic control rules and procedures, now includes additional violations related to the preventive measures mentioned in the resolution

biogas

Dubai announces completion of biogas-to-energy project at Warsan Wastewater Treatment Plant

The biogas power facility has the capacity to generate 44,250 MWh of electricity annually

FTA unveils tax agents classification initiative Photo Getty Images

The UAE’s FTA unveils initiative to simplify tax compliance, enhance customer satisfaction

The initiative is designed based on the results of an opinion poll and proposals fielded by the authority through its direct communication with customers

UAE corporate tax exempt

UAE corporate tax: Ministry issues decision on exemptions

The decision aims to clarify the application of the corporate tax regime for individuals and ensures that only business income is taxed

Hedge fund

Hedge fund trader Sanjay Shah loses appeal over order to pay $1bn in tax

The authority said in a statement Wednesday that it would now begin an asset recovery process

drone project - DCCA and DM sign MoU for Dubai Horizons Project photo courtesy Dubai Media Office

Dubai Civil Aviation Authority, Dubai Municipality ink MoU to further drone initiative

The MoU details a framework to achieve the goals of the Dubai Horizons project that is focused on planning drone flight routes and landing sites

Careem partners RTA in Dubai

Careem, RTA partner to launch ‘School Rides’ in Dubai

The company said its customers can select the ‘School Rides’ car type on its multiservice app to book affordable school rides for their children

UAE receives wanted terrorist from Jordan

The UAE’s Federal Supreme Court in 2013 sentenced Khalaf Abd Al Rahman Humaid Al Rumaithi in absentia to 15 years for terrorist activities

Central bank on gross bank assets

CBUAE says gross banks’ assets reached Dhs3.74tn in February

Latest data from the central bank shows that gross credit surged by 1.2 per cent to Dhs1.89tn in February from 1.87tn a month earlier, driven by a 1.6 per cent increase in domestic credit

Al Seer Marine invests into Adnoc L and S

Al Seer Marine makes Dhs257m cornerstone investment into ADNOC L&S

Al Seer Marine recently announced a strong revenue profit of Dhs1.11bn for 2022

NCEMA X Presight MoU

NCEMA, Presight sign MoU to bolster crisis and emergency management

Presight will work closely with NCEMA to create a hi-tech AI platform that serves the emergency management community

ADNOC L&S IPO

ADNOC L&S sets IPO price range, seeks to raise $607m

The company expects the final offer price to be announced on May 26, after the book-building process