#UAE

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

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

Businesses with at least 50 employees must ensure compliance with Emiratisation

Family-owned businesses ‘make up 90%’ of UAE’s private sector

The vast majority of businesses in the UAE are, interestingly, family-owned businesses, according to a key organisation representing this sector

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

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

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

Barakah Nuclear Energy Plant unit 3

This nuclear plant is a step closer to supplying 25% of the UAE’s power

The fourth unit of the UAE’s Barakah Nuclear Energy Plant has been completed, bringing the facility one step closer to generating a quarter of the country’s power needs

BlackRock to invest up to $400m in Dubai decarbonisation firm

The investment from BlackRock is expected to help Positive Zero, a decentralised decarbonisation infrastructure business, with boosting energy transition projects in Gulf countries.

UAE establishes Accountability Authority

UAE President issues decree to establish Accountability Authority

The authority is the supreme authority for financial control, auditing, integrity and transparency in the country

GCC region M&A blazes trail as global deals decline

UAE’s Bayanat and Yahsat agree potential Dhs15bn merger

The merger is subject to regulatory and shareholder approvals and is expected to close in the second half of 2024

MoHRE urges firms to meet Emiratisation deadline

Emiratisation: MoHRE urges companies to meet 2023 targets

The ministry warned that companies that fail to comply with Emiratisation will be required to pay fines from January 2024

UAE Bankruptcy law

7 key provisions of the UAE’s new bankruptcy law

The UAE’s new bankruptcy legislation was published on 31 October 2023 and it is set to come into full effect on 1 May 2024.

Abu Dhabi to ‘buy’ stake in key Turkish port: Reuters

ADPorts Group could invest in an entity established by the Turkey Wealth Fund to run the Aegean coast port of Izmir, reports Reuters.

ADQ, Azerbaijan’s AIH form joint investment platform

ADQ, Azerbaijan Investment Holding form joint investment platform

The venture will seek and leverage investment opportunities to generate sustainable financial returns on deployed capital

KUWAIT RULER

UAE declares 3-day mourning period to condole Kuwait Emir Sheikh Nawaf’s death

The mourning period has been confirmed for three days, during which flags will be flown at half-mast across all official departments within the country

electric car

Charging ahead: 63% of UAE residents want to drive EVs by 2025

The vast majority of UAE residents are keen to make the switch to electric vehicles sooner rather than later, according to a new survey.

More than 250,000 subscribers sign up for unemployment scheme

Unemployment insurance: UAE gets tough with fines, work permit bans

The Ministry of Human Resources and Emiratisation says it has started fining workers who have failed to comply with the unemployment insurance system.

UAE money laundering prosecution office

UAE interest rates unchanged after US Fed announcement

The Central Bank of the UAE has said it would keep interest rates unchanged following a similar announcement by the US Federal Reserve overnight.

Pictured: Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment (Source: WAM)

UAE launches tool to track emissions and air quality

The Integrated Emission Quantification Tool is a very important part of the UAE’s National Monitoring, Reporting and Verification Transparency System

UAE green bonds, sukuk issuance hit Dhs15bn

UAE green bonds, sukuk issuance hit Dhs15bn, says SCA

The country has been encouraging issuers to raise green and sustainability-linked bonds, and sukuk to accelerate its transition to a low-carbon economy

SME trailblazers shine as Century Financial celebrates excellence at Golden Frame Awards

The initiative will play a critical role in developing a culture of excellence in the regional startup space, inspire creativity and innovation and help to nurture future business leaders.

UAE launches landmark Waste to Zero Initiative

COP28: UAE launches landmark Waste to Zero Initiative

Waste to Zero will promote solutions for global decarbonisation by attracting investments in infrastructure projects

President Putin in rare foreign visit to UAE, Saudi Arabia

President Putin visits UAE and Saudi Arabia, to meet Crown Prince Mohammed bin Salman

The Russian President is due to hold talks with UAE President Sheikh Mohammed bin Zayed Al Nahyan and Saudi Arabia’s Crown Prince Mohammed bin Salman

Voluntary recycling credits initiative launched image supplied

COP28: Voluntary recycling credits initiative launched, first global standard to incentivise recycling

The proof of concept for the VRC Initiative has been successfully developed, with the first live transaction showcased at the UAE Pavilion, COP28, on December 4

UAE launches industrial decarbonisation roadmap Image WAM

COP28: UAE launches industrial decarbonisation roadmap

The action plan set out in the roadmap will cut 90 million tonnes of carbon dioxide annually

ADNOC, TAQA and Mubadala complete transaction to acquire Masdar stakes

COP28: UAE leads 118 countries-pledge to triple world’s clean power

The key goal would be to slash fossil fuel use this decade while a smaller club of countries plan to scale up nuclear energy.