#UAE

Hamad Alshamsi Amanat healthcare photo courtesy twitter amanat

Amanat Holdings launches new healthcare platform

Amanat also plans to consider further value creation options for Amanat Healthcare, including a potential initial public offering on a regional exchange in the near term

Photo courtesy Mohammed bin Rashid Al Maktoum Global Initiatives _ 1 Billion Meals Initiative Completes Distribution of 3.6 Million Meals in Jordan’s Refugee Camps

Ramadan 2023: UAE rallies together to raise Dhs404m for ‘1 Billion Meals’ Campaign

More than 70,000 donators, including individuals, institutions and businesses from both the public and private sectors, have contributed in the first 10 days

AD Ports Photo WAM

UAE’s AD Ports Group secures $2bn syndicated corporate facility

The multi-currency facility, equivalent to around $2bn, includes three tranches amounting to EUR600m, $620m, and Dhs2,863m with a tenure of up to 2.5 years

UAE pedestrian crossing

UAE: Pedestrian crossing violators face Dhs500 fine

Police officials have urged motorists to stop at crossings and give way to pedestrians

Oil prices surges after OPEC+ cuts

Oil surges after OPEC+ makes unexpected crude production cut

Oil prices surged after OPEC+ pledged to make production cuts starting next month that will exceed one million barrels a day

UAE banks' net profits

Top 5 UAE banks’ combined annual net profit rises to $11.5bn in 2022

The sector is expected to maintain a stable outlook in 2023 driven by growing demand for digital services and industry competitiveness

uae-FDI-ranking -adobe-stock

UAE ranks 18th globally in FDI confidence index

The GCC countries were high in the emerging markets ranking with Qatar ranking fourth and Saudi Arabia ranking sixth globally

UAE reduces fuel prices

UAE reduces fuel prices for April

The fuel price committee marginally slashed the rates by 8 fils per litre, after two consecutive months of increases

Dubizzle owner mulls UAE IPO

Dubai-based owner of Dubizzle mulls UAE IPO

Emerging Markets Property Group is set to hire Rothschild & Co. for the potential IPO in Dubai or Abu Dhabi

Wio Bank new partnership

ADQ-backed Wio Bank, Paymentology partner to enhance SME banking

The digital bank offers SMEs seamless access to banking services while allowing them to move forward with innovative beyond-banking services

DFM and Dubai Chamber

DFM, Dubai Chamber of Commerce partner to boost IPOs

The two entities have partnered with advisory firms that are a key part of the city’s financial and business ecosystem

Schengen visa application

EU inches closer to digitalise Schengen visa procedure

The proposal aims to make the visa application procedure more efficient and to improve the security of the Schengen area

UAE leaders wish India on its independence Day

UAE President names new Vice President, Crown Prince of Abu Dhabi

Sheikh Mansour Bin Zayed Al Nahyan will serve as UAE Vice President alongside Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President and Prime Minister, and Ruler of Dubai

UAE Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi

UAE, Costa Rica to launch free trade talks

The CEPA programme was launched in September 2021 to expand UAE’s trade and investment partnership with several strategic global markets

bp and adnoc to form JV media centre

BP, ADNOC bid for interest in NewMed Energy

The two entities intend to form a new joint venture that will focus on gas development in international areas of mutual interest

Nammos Hotels and Resorts. (Image: Sourced from PR Newswire)

Nammos Hotels and Resorts launched in joint venture with UAE’s Alpha Dhabi

Nammos has confirmed that its first hotel opening will take place as soon as this summer on the Psarou beach in Mykonos

Mohamed Ali Al Ansari - Group Chairman of Al Ansari Financial Services

Al Ansari Exchange raises Dhs773m in IPO, attracts bids worth Dhs12.7bn

The company sold 750 million shares and set the final share price at Dhs1.03, implying a market capitalisation of Dhs7.73bn at listing

DP World Logistics Container

DP World’s investments top $10bn in past decade

The company’s investments in 2022 totalled $320m despite slowing demand for logistics services due to the global economic challenges

GMG's new Dubai Investment Park facility is one of the UAE’s largest food manufacturing facilities

GMG eyes global expansion, launches four food manufacturing units

GMG’s Dubai Investment Park facility – one of UAE’s largest food manufacturing facilities – includes three factories to process added-value meat, poultry, and seafood items

fulfillment centre

Amazon opens a new fulfillment centre in Dubai South

The new facility will increase Amazon’s storage capacity by 70 per cent, supporting a wider selection of products for customers

Ramadan business etiquette

Ramadan 2023: Significance, best practices and tips

The holy month is considered a time for spiritual renewal and reflection

SeaWorld Abu Dhabi photo WAM Miral

World largest aquarium to open in Abu Dhabi in May

SeaWorld Abu Dhabi’s eight realms are spread across five indoor levels,spanning an area of approximately 183,000 square metres

Ramadan 2023

UAE confirms first day of Ramadan 2023

The UAE’s moon-sighting committee announced that March 22 will be the 30th day of Sha’ban

Galaxy A54

Samsung launches Galaxy A54, A34 5G smartphones in UAE

Both smartphones will be available from March 21 on the brand’s website as well as in select retailers across the country

Sustainability roundtable Century Finacial

UAE financial sector reaffirms commitment to sustainability

The round table discussion hosted by Century Financial showcased new sustainability initiatives and partnerships aimed at promoting investments

Smartphone market

Is the region’s smartphone market expected to grow in 2023?

The competition remains stiff in the coming years, especially for emerging brands

1 billion meals

Sheikh Mohammed launches 1 billion meals endowment campaign

It is an expansion of the UAE’s previous Ramadan campaigns

President Mohamed talks to President Assad

UAE President receives Syria’s Bashar al-Assad

The UAE President drew attention to the need to make all available efforts to facilitate the return of Syrian refugees with dignity to their country

UAE and Georgia sign CEPA

UAE, Georgia sign comprehensive economic partnership agreement

The UAE now accounts for more than 63 per cent of the total volume of Georgia’s trade with Arab countries

Plant-based meat

Dubai opens 100% plant-based meat factory

Dubai Industrial City will be home to IFFCO’s Thryve factory, which is catalysing the move towards a healthier food supply chain