#UAE

UAE tourist attraction

UAE’s top tourist attraction revealed

The destination holds twice the popularity compared to any other venue

CBUAE on UAE banks’ assets

Gross assets of UAE banks hit Dhs3.8tn in April

The central bank said banks’ gross credit increased by 0.1 per cent to Dhs1.89tn in April, driven by a 0.4 per cent growth in domestic credit

Majid Al Futtaim x Tabby to introduce flexible payment solutions Image Majid Al Futtaim

Majid Al Futtaim, Tabby to introduce flexible payment solutions

The collaboration will further enable customers to better manage their spending and make purchases more conveniently both in-store and online

Ahmed Al Naqbi, CEO Emirates Development Bank Image Emirates Development Bank

Emirates Development Bank launches UAE’s first agritech loans programme

The programme is targetted at farmers, local producers, technology providers, equipment suppliers, and those involved in the agriculture support ecosystem

al khayyat investments _ interview with Managing director Zaid Al Khayyat Image Supplied

Zaid S Al Khayyat of Al Khayyat Investments shares the company’s expansion plans

The holding company’s managing director highlights how the company has been charting its growth path as it supports Dubai’s grand economic vision

Republic of the Congo

AD Ports Group to develop Republic of the Congo multipurpose terminal in 30-year agreement

AD Ports will hold exclusive rights to invest in and oversee the development, operation, management and maintenance of the New East Mole Port

UAE islamic banks assets

UAE Islamic banks’ Q1 2023 assets up 7.3%

The UAE central bank said Islamic bank’s gross assets increased by 7.31 per cent in Q1 2023, equivalent to Dhs44.3bn

Arab Yout survey 2023

Sheikh Mohammed hails UAE ranking as most desirable country to live in for 12th consecutive year

The results of the survey comprise responses from 3,600 young Arabs living in 53 cities across 18 different countries

Emiratisation

MoHRE imposes Dhs100,000 fine for fraudulently evading Emiratisation target

As of July 8, companies that were found non-compliant with the Emiratisation targets will face Dhs42,000 fine for each Emirati they have not employed

Emirates Stell Arkan introduces new operating model Image credit Emirates Steel Arkan

UAE’s Emirates Steel Arkan introduces new operating model, creates 2 separate units

The new operating model has resulted in the creation of two separate business units – Emirates Steel and Building Materials

UAE QATAR

UAE, Qatar embassies resume operations

Both parties emphasised that this move reflects the determination of the leaderships of both nations to strengthen Arab cooperation

Eid Al Adha 2023

Eid Al Adha 2023: Public holidays announced for UAE private sector

The Ministry of Human Resources and Emiratisation has announced a public paid holiday on the occasion of Arafat Day and Eid Al Adha

UAE pledges $15m to UN Women to advance women's empowerment Image credit WAM

UAE pledges $15m to UN Women to advance gender equality

The UAE is currently serving on the UN Women Executive Board from 2023 until 2025

Female engineer at UAE construction site

UAE construction sector open to state-monitored playbook

The adoption of a monitored playbook approach is expected to drive earlier stakeholder engagement and team collaboration

Rome (Image: Supplied by Etihad Airways)

Etihad to increase frequency of flights to Rome

The airline will raise the number of weekly services it operates between Abu Dhabi and the Italian capital from seven to 11

UAE, Qatar central banks maintain key interest rates

UAE, Qatar central banks keep interest rates steady, tracking US Fed move

The move by the Fed to leave its benchmark rate unchanged suggests that higher borrowing costs have made some progress in slowing inflation

UAE banking sector savings deposits

Savings deposits in UAE banking sector hit $71.6bn in March

The central bank said savings deposits in the UAE banking sector jumped 4.7 per cent year-on-year compared to Dhs251.3bn in March 2022

UAE, Kazakhstan trade credit agencies sign an MoU

UAE, Kazakhstan export credit agencies sign agreement to boost trade

The two entities agreed to form a task force to explore more opportunities for cooperation, with a focus on seven strategic areas

Emiratisation

Deadline extended for companies to meet Emiratisation targets

Non-compliant companies will face Dhs42,000 fine for each Emirati not employed, based on the 1 per cent semi-annual Emiratisation growth requirement

Ecity - Cartlow sign agreement Image credit Cartlow

Cartlow, E-City launch sustainable device subscription programme

The initiative provides customers with affordable and convenient options to prolong the life cycle of their devices and reduce electronic waste

UAE seeks to bolster economic, investment ties with South Korea

UAE seeks to bolster economic, investment ties with South Korea

The two countries agreed on new plans in the field of entrepreneurship, including programs and facilities to foster startup growth

Kenya Airways

Emirates, Kenya Airways sign interline partnership

The partnership increases Emirates’ footprint to 148 African points

sustainable broadband

UAE consumers prioritise sustainable broadband, 92% open to paying more

The Cisco Broadband Survey highlights the growing environmental awareness among UAE consumers

Ukraine seeks UAE support.

Ukraine counts on UAE wealth funds to build its economy

Ukraine presented its economic transformation strategy and invited UAE funds to participate in the development of its wealth fund

UAE announces Eid Al Adha holidays

Residents can expect either five or six days holiday, depending on the sighting of the Moon

Food security AgriTech GCC

GCC: How tech can support food security

We explore the role of innovative technologies in achieving food security in the GCC region

UAE bank investments

UAE bank investments hit a record $149.3bn in March

Month over month, bank investments jumped 1.3 per cent from Dhs541.4bn in February

economic substance

Insights: Economic substance regulations in the UAE

Economic substance refers to the tangible and real economic activity that a company carries out

Al-Futtaim Automotive leads $15 million funding round in revolutionary EV startup – River IMage Credit River

Al-Futtaim Automotive leads $15m funding round in Indian EV startup, River

Within a short span of two years since inception, River launched its first product ‘Indie’ an urban electric scooter to rave reviews last February

UAE refutes fourwork week reports

UAE FAHR says four-day workweek rumours are ‘not true’

The authority urged the public to verify the accuracy of the information and take such news from the UAE’s official sources