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The job cuts would mark the second largest round of layoffs in the company's history
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GCC healthcare market set to reach half-a-trillion-dirham mark by 2027, says Alpen Capital
Return of volatility provides an overdue reminder of global supply and demand uncertainty
Investors concerned about risks in global banking and a potential US rate hike
Airline to reduce frequency of Boeing 777 non-stop flights to San Francisco and Newark temporarily until 100 pilots and 1,400 cabin crew in training begin flying in the next 2-3 months
Four out of five are also concerned about the security of energy supply, with over half highlighting the impact on their decarbonisation goals
The chairman also highlighted the progress on Cepa
Move strengthens company’s presence and capabilities in the Middle East
Rs2.5 billion project will be built on 1 million square feet of area and be ready by 2026
American carmakers will lean on technology to keep the horsepower wars going among their electric muscle cars, a tectonic shift from the big, rumbling motors of the past.
Loose seat frame bolt may reduce seat belt system performance
Increasing popularity of semi-autonomous vehicles is driving the market growth despite some concerns over cybersecurity and safety regulations
Aramco has signed a letter of intent “to become a potential minority stakeholder” in the subsidiary
Group launches first Electric Mobility Company; unveils BYD in UAE
German auto giant is aiming to bring in an affordable EV, costing around $26,795 at today's prices, to market by 2025
Move a part of General Motors' broader collaboration with Microsoft aimed at bringing AI technology to its models for a variety of tasks
Probe covers an estimated 120,000 vehicles from the 2023 model year
Shares fell more than 5five per cent in after hours trade following presentations at the company’s investor day from its Texas headquarters
This is the third iteration of Emirates’ official aircraft brand colours
The new design will be gradually applied across the airline's fleet, with 24 aircraft expected to sport the refreshed livery by the end of 2023
The carrier plans to increase the frequency to daily service from April 18
This agreement is part of a plan to purchase up to 121 787 Dreamliners in what will be the fifth-largest commercial order by value in Boeing’s history
Airline to reduce frequency of Boeing 777 non-stop flights to San Francisco and Newark temporarily until 100 pilots and 1,400 cabin crew in training begin flying in the next 2-3 months
Dubai Helipark, spanning over 42,800 square metres, is adjacent to the private jets terminal
Authority experiences technical issues at departures check-in
Over 1,300 dnata staff handle peak time influx of bags and cargo
Valued at $35 billion as estimated by Wall Street Journal and reported on Tuesday by Khaleej Times, the deal includes 39 confirmed 787-9 Dreamliners and options for further 33 additional airplanes
The deal marks the fifth largest commercial order by value in the planemaker's history and includes an additional 49 Dreamliners to bolster Saudi Airlines' existing fleet
The ramped up operations include services to Europe, Australia and Africa, while more cities in East Asia will see route restarts
Khaled Al Hammadi to lead CBD's retail banking programme as general manager of Personal Banking Group; Sultan Al Mahmood to oversee all aspects of CBD Human Resources function
The initiative represents a significant investment in CBD's employees, fuelling their potential to drive change and shape the digital banking landscape
Emirates NBD Securities is among the first in the region to fully integrate with the DFM application to offer end-to-end digital investor onboarding
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They will collaborate on various emerging areas of the industry especially Central Bank Digital Currencies (CBDCs)
On Friday, Asian stocks were mostly higher in morning trade, tracking Wall Street's relief rally
The AGM discussed and approved all items on its agenda including the board of director’s recommendation to not distribute dividends
The back-to-back bank failures have unnerved investors, customers and regulators, kindling fears of a repeat of the 2008 crisis that toppled hundreds of banks
Back then, we were dealing with collapsing banks and plunging demand; these days, banking has been a back-burner issue and the big problem has seemed to be inflation
Outstanding operational growth drives financial year 2022 revenue to $2.67 billion, up 18% year-on-year; Highest-ever quarterly revenue of $733 million recorded in Q4, supported by new rigs joining the operational fleet
The Abu Dhabi-based business conglomerate’s revenues surge 31% to Dh11.2 billion on strong operational performance
The 73 per cent occupancy rate in 2022 is just short of the 75 per cent occupancy in the pre-pandemic period of 2019
He is the world's third-richest person, with an estimated net worth of $130 billion and interests ranging from Australian coal mines to India's busiest port
Country’s decades-old business conglomerate inaugurates Ideas by GulAhmed's first outlet in Sharjah; Plans to open two more stores in Dubai soon
In HSBC's latest research across nine key markets participants rate UAE most highly for five of the top 12 motivations behind the decision to relocate internationally
Dubai real estate will continue strong upward trend this year, further increasing demand for proptech companies in the emirate
Company's popular brands KFC, Pizza Hut deliver strong double-digit revenue growth in 2022
UAE auto parts sector is expected to grow at a CAGR of 7.5 per cent over 2021-25
Abu Dhabi-listed companies showed the biggest y-o-y profitability improvement during Q3 with net profits almost doubling to $9.1 billion as compared to $ 4.7 billion Q3-2021
Aliph, which targets medium-sized companies, said the pet care market in the United Arab Emirates was worth $361 million in 2020 — the largest in the Gulf
Project's new look is meant to reflect upcoming features of the exchange
The digital coin has soared by 50% since the start of the year
The data indicated that the question is Googled 150,400 times on average every month around the world
The cryptocurrency has been trending to the upside on favourable macroeconomic winds, but uncertainty remains and could hinder any bullish momentum
Bitcoin has since soared more than 60% this year to reach $17,000 on Friday
The company last week suspended its Silvergate payments network
Region's users received $566 billion in cryptocurrency from July 2021 to June 2022
Many major cryptocurrency firms have already made the emirate their home while others — including crypto.com, Bybit, Binance, and Deribit — are planning to move to the city
Move dealis a setback to the crypto industry’s attempts to build acceptance in mainstream US banking
Despite disastrous year, true believers continue to push blockchain benefits
Overall fall in the PMI largely stemmed from a slowdown in new business growth
Lender likely to raise rates by 50 basis points this month
Remarks may add to expectations that US policymakers will lift rates higher
Surge based on a strong increase in demand and an optimistic economic outlook
Wages inflation shows signs of cooling
The authority has said its digital services will be under development for that period of time
An agreement would release $1.1 billion to the economy
UAE aims to double the size of its economy by 2031 and diversify away from hydrocarbons
In HSBC's latest research across nine key markets participants rate UAE most highly for five of the top 12 motivations behind the decision to relocate internationally
The resolution clarifies certain rules set out for natural persons and legal persons residing in the Emirates
Raises China demand growth forecast to 710,000bpd; Warns of risks to world economy from rapid rate hikes; Nigerian rebound helps Opec output rise 117,000bpd in February
It travels freely inside the transmission pipes at around 3 kilometres per hour and can inspect over 35km in one day without affecting the water flow
Fears of contagion from the failure of Silicon Valley Bank led to a selloff in US assets at the end of last week, while state regulators closed New York-based Signature Bank on Sunday
It rise to Dh2.97 ($0.80) from its launch price of Dh2.37 in a $2.5 billion initial public offering in the opening minutes of trade on the Abu Dhabi Securities Exchange; Later shares consolidate and end at Dh2.82
Four out of five are also concerned about the security of energy supply, with over half highlighting the impact on their decarbonisation goals
Return of volatility provides an overdue reminder of global supply and demand uncertainty
Company expects to pay a fixed dividend per share, of 3.25 fils in 2023, 3.50 fils in 2024 and 3.75 fils in 2025
General Assembly okays changes to dividend policy setting 2023 at a minimum of Dh2.57 billion (20.57 fils per share)
Prices could hit the $90-$100 per barrel range in the second half of this year as global demand is set to reach record levels amid constrained supply, Russell Hardy, CEO at the world’s largest independent oil trader, Vitol Group
Three primary factors responsible for the region’s elevated status
It will be ready by March 2023 and will pass through Delhi, Haryana, Rajasthan, MP, Gujarat and Maharashtra
Txai is operated with the highest safety and security standards, including cameras and sensors
RTA plans to expand the tracks to include specific residential areas and 23 new districts in phase II
Project will see passengers zipping from Abu Dhabi to Dubai within 50 minutes
There will be several entry and exit points along The Loop; plan features vertical farms, parks
Project’s work included improving entrances and exits of Sheikh Zayed bin Hamdan Al Nahyan street by connecting it with the intersection of Dubai-Al Ain Road
Upon completing the entire project by 2025 as a strategic reserve, it’ll be able to store up to 6,000 million imperial gallons of water
Project is part of ongoing efforts to boost Dubai’s economy and enhance the efficiency of the logistics sector
By 2030, the number of passengers is expected to reach more than 36.5 million annually
It will connect 11 cities and regions in the country
RTA completes 50% construction on Ras Al Khor- Dubai-Al Ain road
Bitcoin has since soared more than 60% this year to reach $17,000 on Friday
Early recovery in European stocks runs out of steam as investor sentiment remains fragile
Share sale received total gross demand of Dh94.9 billion
These deals were carried out through 321.14 million shares of three listed companies
Surprise twist as Additional Tier 1 debt holders wiped out; approach roils wider bank bond and stock markets
On Sunday, UBS agreed to buy Credit Suisse for $3.23 billion and assume up to $5.4 billion in losses in a deal backed by a massive Swiss guarantee
Traders say strong dollar and negative sentiments across the global and Indian equity markets capped the gain in the currency
Investors bet that the US central bank would curb its aggressive rate hike trajectory
First Republic Bank gets $30b injection, worries linger
Bank's woes fan new fears about the health of financial institutions following the recent collapse of Silicon Valley Bank and Signature Bank in the US
The group is expected to distribute a minimum dividend of Dh600 million for 2023, implying a yield of 7.77 to 8 per cent
The city of Dubai has become his home, and he has decided that it is the place he wishes to build the building of his dreams.
Contract worth around Dh544 million with project delivery expected in 2025
One-bedroom apartments in the 52-floor project start at a price of Dh1.28 million
6% reduction in service fee benefits the property owners and investors besides reducing the cost of owning a home in Abu Dhabi
Ultra-luxury property has witnessed unprecedented demand, with the likes of Indian billionaire Ambani buying most expensive property ever for Dh600 million
New Dubai start-up plans to disrupt the lead-generating game
Pact to provide 17,000 RT district cooling services to Sobha Hartland development
Master development is scheduled to be completed by Q2 2025
Damac Lagoons, Arabian Ranches 3, Al Yelayiss 2. Nad Al Sheba First, and The Valley remained popular among villa buyers
Developer unveils iconic luxury seafront residential tower Mar Casa featuring exceptional amenities, smart and sustainable infrastructure and iconic architecture that seamlessly blends the beauty of the sea with a modern metropolis at Dubai Maritime City
The plots, which range from 480-1,080 square metres, will enable buyers to develop their own villas in line with the overall Keturah Reserve master development, scheduled to be completed by Q2 2025
This comes after Indian PM Narendra Modi last year announced January 16 as National Start Up Day to promote entrepreneurship and businesses
The fledgling brand is experimenting with new fragrances and products while gauging feedback from a diverse user group in the UAE
The online grocery sector can undergo a paradigm shift on the back of the UK-headquartered start-up’s bid to emerge as a major global technology solutions provider
Mohamed Khaled, who traces his origin to Egypt, is driving the development of the ‘Future of Work’ that was born during the first wave of the Covid-19 pandemic in 2020
Experts do not not rule out the possibility of entities in the UAE’s tech sector having some exposure to SVB
This fund will invest in pre-seed and seed tech-startups in the Middle East and Africa
The UAE is becoming a preferred choice for newly established businesses to raise funds, expand, and hit the billion-dollar mark
The Arab world’s visionary leadership has ensured a strong customer-driven demand as gender stereotypes and taboos are being broken to create a new egalitarian world order
The VC fund seeks to bridge the critical gap in patient capital in cutting-edge technology in the country and the wider region
How a cost-effective and short-term driving solution, where a customer will save up to 40 per cent depending on the car model, has emerged as a game-changer
In the Middle East, where consumers are especially discerning about their lamb, Black Sheep Foods and its plant-based meat are garnering high praise
The new affiliation will give e& enterprise IoT & AI the opportunity to leverage on system integration expertise of Stella Technologies to develop a comprehensive go-to-market strategy
Company's mobile customer base rises 8.9 per cent to 7.9 million; postpaid customers up 10.7 per cent to 1.5 million; and fixed customer base climbs 37.3 per cent to 537,000
Leadership quadrant awards recognition for being on par with global counterparts
UAE-based Astra Tech has acquired the popular app; will add additional features like remittances and food, grocery delivery, among others
Partnership will enable an ecosystem of next-generation solutions, smart devices, and intelligent homes
Board proposes dividend of D0.40 per share for H2 2022, representing a total dividend of D0.80 per share for 2022
Enhanced 5G standalone generation now available for subscribers
Striving towards the era of metaverse, du UAE and Huawei sign MoU on 5.5G strategic cooperation
TDRA has launched the Kashif initiative gradually, starting from mid-2021, in cooperation with the service providers
Besides allowing users to chat with friends and family, it also provides money transfer and bill payment services
Share sale received total gross demand of Dh94.9 billion
The company connects enterprises and their customers through multiple channels
Educators are using artificial intelligence (AI) in classrooms to improve learning process
As someone with a fast-paced lifestyle, a laptop is an essential tool for getting things done.
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The job cuts would mark the second largest round of layoffs in the company's history
It will open for applications in the second quarter of 2023
New Dubai start-up plans to disrupt the lead-generating game
The former US president's channel was suspended two years ago after the Capitol Hill riot
The official stresses the importance of teaching safe online practices to children
Copilot will put ChatGPT-like abilities to work in offices
'When I use a robot as a surgeon, I am able to see better than my human eye or I am able to move my hands better,' says doctor
Firm crude oil prices and a strong American currency further dented investor sentiments, forex traders say
Investors remain concerned over rising crude prices in the overseas markets and persistent foreign capital outflows, say forex traders
However, foreign capital outflows restricted the gain in the South Asian currency, forex traders say
On Wednesday, the currrency appreciated 8 paise to close at 81.80 against the dollar after Finance Minister Nirmala Sitharaman presented the budget for 2023-24
Traders say strong dollar and negative sentiments across the global and Indian equity markets capped the gain in the currency
Forex traders say sustained foreign fund outflows weighed on the rupee and restricted the appreciation bias
The dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.09 per cent to 104.01
A positive trend in the Indian equities and easing crude oil prices supported the local unit and restricted the fall, say forex traders
Experts say the key to making both the stock market and bond market happy would be a theme that focuses on capex and fiscal consolidation
Other Asian currencies advanced, led by the onshore Chinese yuan
The US dollar index, which gauges the greenback’s strength against a basket of six currencies, slipped 0.04 per cent to 101.88