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uae central bank

UAE gross bank assets increase 0.8% to Dhs3,321.5bn at end of December 2021

Total bank deposits increased by 1.5 per cent, rising from Dhs1,966.8bn at the end of November 2021 to Dhs1,996.5bn at the end of December 2021

Citi, HSBC set to share up to $97m in fees from DEWA IPO

DEWA said in a statement that the selling commissions would amount to Dhs213.7m

Covid cases August 3

UAE reports 229 Covid-19 cases, 408 recoveries

The nationwide case count has risen to 895,892

HSBC becomes first international general clearing member on Dubai Financial Market

The bank will be able to provide clearing and settlement services to its customers worldwide and to other DFM trading members

DCT Abu Dhabi

Dubai’s Emirates increases flights to Algeria

The carrier will utilise its Boeing 777-300ER aircraft between Algiers and Dubai

Equiti metro station dubai

RTA rebrands Umm Al Sheif metro station in Dubai

It has granted Equiti Group naming rights of the station for the next 10 years

Abu Dhabi

Non-oil contribution to UAE’s GDP reaches 72.3% in 2021

The non-oil contribution to the country’s GDP in 2020 stood at 71.3 per cent

UAE Tourist Visas

UAE rolls out comprehensive changes to visa regime for residents and tourists

The UAE Cabinet has announced expanded eligibility criteria for Golden Visas, outlined conditions under which Green Visas can be obtained and also introduced new self-sponsored visas for visitors

Covid cases July 29

UAE reports 198 Covid-19 cases, 370 recoveries

The nationwide case count has risen to 895,663

Ukraine uae

Ukrainians in UAE offered one-year residency visas

They need to approach Tasheel service centres in the country to avail of the permit

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai

Sheikh Mohammed issues decree forming committee to supervise Expo 2020 site

The new committee will be chaired by Sheikh Ahmed bin Saeed Al Maktoum

Dubai roads

Dubai’s RTA endorses five-year sustainability plan

The plan includes 20 projects across categories such as environmental leadership, community leadership and economic prosperity

Dubai Courts

New dedicated court in Dubai to handle inheritance cases whose value exceeds Dhs500,000

The entire litigation process and ruling must typically be executed within 12 months of the case being filed

Alan’s corner: What makes a great CEO?

It’s not just about leadership or commercial acumen, there’s much more to it than that

UAE’s Masdar, Kyrgyzstan sign MoU to explore renewable energy opportunities

Kyrgyzstan is targeting reducing greenhouse gas emissions by as much as 44 per cent by 2030

UAE reports 239 Covid-19 cases, 431 recoveries

The nationwide case count has risen to 895,018

UAE weather update: Fresh winds expected, NCM issues alert

The UAE recorded its lowest temperature of 20.9°C in Barakah (Al Dhafra region) at 5.45am today

Sheikh Mohamed bin Zayed, Bahrain’s King Hamad discuss cooperation ties

The two leaders stressed the importance of further developing trade and investment cooperation

UAE reports 256 Covid-19 cases, 462 recoveries

The nationwide case count has risen to 894,779

First Abu Dhabi Bank

UAE lender First Abu Dhabi Bank pulls bid for Egypt’s EFG-Hermes

FAB had offered to buy a majority stake in EFG-Hermes in February

The SME Story: Ian Ohan, founder and CEO of Locale

Locale allows foodpreneurs to thrive and reconnect with the communities in which they operate

Dubai’s Emirates to launch NFTs, experiences in metaverse

The first projects are underway, with launch anticipated in the coming months

real estate

Here’s how proptech is changing the real estate industry

Over the years, more complex technological tools have found their way into the real estate industry, changing the way properties are constructed, sold, and managed

Dubai Airport

Covid-19: Travel ban to be lifted for unvaccinated Emiratis in UAE

Also, unvaccinated individuals under the age of 16 no longer need to undergo a Covid-19 PCR test on arrival in the UAE

grocery

UAE approves new mechanism to control price increase of essential commodities

Prior approval is required from the Ministry of Economy by any supplier if they wish to raise prices of certain products

UAE reports 237 Covid-19 cases, 486 recoveries

The nationwide case count has risen to 894,523

uae Adnoc

UAE’s ADNOC L&S to acquire two new-build LNG vessels built in China

Each vessel will have a capacity of 175,000 cubic metres – enough to power 45,000 homes for a year

Abu Dhabi invests in Egyptian firms to help shore up economy

Egypt’s central bank held a special policy meeting in March and hiked interest rates for the first time since 2017

Emirates launches platform to book bespoke Dubai, UAE itineraries

The carrier’s Dubai Experience platform is available in 19 countries

UAE’s DMCC records 665 new company registrations in Q1 2022

It the best first quarter since the inception of the freezone in Dubai 20 years ago