Local banks keep reminding their customers through regular emails and messages about different frauds
Local banks keep reminding their customers through regular emails and messages about different frauds
Second-quarter GDP increases at a 2.8% rate
Mars has been in decline as refiners have been making less of a profit on narrower gasoline cracks
Volatility index rises by the most in a day for two years
Strategic portfolio expansion has been a key driver of growth momentum
Operational profit jumps by 67.3% YoY to reach Dh24.3 million
First half issuances exceed total for full year of 2023, report shows
Customer deposits saw a significant 24.6% YoY increase
Amazon is developing its own processors to limit its reliance on costly Nvidia chips
Prices for affordable apartments in popular areas have witnessed a rise of up to eight per cent compared to the second half of 2023
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Hamilton's drive for success and positive change makes him an ideal representative of CFI’s values and mission
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Hyde Residence Dubai Hills will bring a new and unique lifestyle approach to branded living in Dubai Hills Estate.
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Yellow metal rates hit their lowest in two weeks on Thursday as market participants remain cautious ahead of key US economic data
The administrative sanction comes after a Central Bank investigation revealed lapses in compliance
H1 2024 net profits stood at Dh1.461 billion, a 66% increase
Rural demand for goods and services has picked up substantially
Investment management firm eyes £100b of assets target
The investment would be into Froneri, an ice cream manufacturer
UAE’s largest lender's results driven by double-digit growth in interest and non-interest income
Seez is currently in the middle of an international expansion
Automaker relies on gasoline-engine offerings to fuel profits
Several companies are betting on them to meet labour shortages and perform dangerous tasks
The automaker sent some production employees home early during the night shift at its Austin, Texas and Sparks, Nevada facilities, the report added
Car ownership comes with numerous hidden costs
Many vehicles are yet to be repaired due to the shortage and limited supply of spare parts
The European Commission is canvassing EU governments' views in an advisory vote
The automaker was seeking a patent licence ahead of its launch of 5G vehicles in Britain
Buckle sensors are used to detect if the seatbelt is properly engaged
The company delivered 2,394 vehicles in the quarter ended June 30, above estimates of 1,940 units
Singauto debuts its one-step new energy intelligent refrigerated vehicle
Passengers are advised to check the status of their flights before heading to the airport
Demand has been normalizing as travellers baulk at higher fares
SAF accounts for just 0.2% of the jet fuel market
The Philippine government has suspended classes at all academic levels and work in most government offices in Metro Manila
GCC-wide flights cost more in comparison to European and Asian airlines, which achieve much lower fares when travelling in their respective regions
Southwest recently formed a dedicated team of subject-matter experts
The aviation sector is responsible for around three percent of global CO2 emissions but it is one of the most complicated to decarbonise
Delegates have been expecting limited deal-making this year
The updated forecast reflects the lower yield environment
Ryanair warns ticket prices falling as travel boom fades
The US airline's total number of cancelled flights since Friday exceeds 5,000
No new aircraft are joining Dubai-based carrier’s fleet this year
Lack of new flights is forcing the Dubai-based carrier to evaluate its route development plans and potential frequency revision across the network
Both Boeing and European rival Airbus have faced supply chain shortfalls
The administrative sanction comes after a Central Bank investigation revealed lapses in compliance
It will be rolled out to cover a wide range of establishments from retail stores and dining outlets, as well as tourist, leisure attractions and top malls
NRIs are increasingly purchasing policies due to the growth in the South Asian country and the growing interest to return to the country
Fintech revenue is expected to continue increasing (15 per cent per annum) over the next three years, outpacing global banking
Banks are part of the economy, and they will provide a “lifeline"
The 10-million-plus debit cards that exist in the market will be replaced gradually over the next two and a half years
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Report of the independent auditor on the summary financial information to the Directors of American Home Assurance Company in respect of its Dubai Branch
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The First Abu Dhabi Bank (FAB) is at number 3 with a market value of $41.5 billion
Residents who have invested in saving bonds earn up to 5.8 per cent returns as the investment portfolio of the firm crossed Dh14 billion
It's the largest fund that the Africa Finance Corp has pooled, 'providing the much-needed impetus to African industrialisation, enhanced export earnings and job creation'
The consultation will be open from March 15 to April 10, and accessible via the website of the Ministry of Finance
It applies to buyers and sellers through any digital means in the country and outside when residents buy the product
Total federal assets reached Dh481.5 billion in 2023, and the UAE ranked first globally in four indicators of financial competitiveness
Banks records strong business momentum with double-digit growth in assets; Financial performance aided by significant progress across the core businesses with total operating income recording a 15 per cent growth
Experts say grey areas like availability of 0% corporate tax benefit on high sea sales, investment in cryptocurrencies addressed in new FTA guide
If a person has a licence issued in January or February (irrespective of the year), he has to submit a tax registration application by May 31, 2024
City’s top fashion names attended the fashion presentation and launch
60% in ALEC’s ‘Mustaqbal’ programme are women
Young entrepreneurs showcased their innovative projects
Performance was driven by robust demand from new and existing customers
The multi-brand gift card, HappyYOU, can be purchased across all Carrefour stores in the UAE
Transaction is expected to close in Q1 2024, subject to regulatory approvals
Deal expands RPM offering into UK-Nordic region and strengthen capabilities for energy and defence sectors
Tally is all geared to support the UAE SME community
MADA UV Company’s latest innovation promises 100% germ eradication
Company offers a diverse range of mortgage solutions
The Rockets Investment launches CBI programme has part of its widening portfolio
This takes the tally of global engagement centres under LuLu Financial Holdings to 314
A major issue for some investors is the SEC's exclusion of the "staking" mechanism
Bitcoin has been the most erratic among major global assets in the last ten years
Changer.ae Ltd prepares to deal in investments as an agent
Revenue expected to grow by 7.89% annually to reach $395.8 million in 2028
Central recently announced a new licensing regime for stablecoins
Mena market has shown remarkable dynamism and resilience in embracing virtual assets
Bitcoin’s scarcity remains a key driver of its value, attracting long-term investors
eToro study suggests that potential to generate high returns (40 per cent) is the main driver behind the interest
Protocol’s new Index Tokens will offer users access to cutting edge decentralized markets
Current dynamics of Bitcoin leave only nine months of supply left on exchanges
Dubai is emerging as a major hub for cryptocurrencies
Craig Wright has long claimed to have been the author of a 2008 white paper, the foundational text of bitcoin, published under the pseudonym
ETF approvals and expected halving boosts demand for crypto
The cryptocurrency has gained 50 per cent this year and most of the rise has come in the last few weeks
Second-quarter GDP increases at a 2.8% rate
Talks over a global tax deal are continuing well past a June 30 deadline
Resurgent inflation would be a setback for the US central bank
Wholesale inventories rise 0.2%; retail stocks up 0.7%
Budget targets a smaller fiscal deficit of 4.9% of gross domestic product
Sheikh Hamdan says the goal is to "sustain success and establish a culture of excellence and leadership" across all sectors in the emirate
She has generally been seen as cosy with prominent tech executives and investors
The UAE has long advocated deeper EU involvement in the Gulf region
Recovery needs 'heavy lifting' on the domestic front, Economic Survey says
It would mark the strongest signal yet that the central bank plans to cut interest rates
UAE inflation expected to cool to 2.3% this year
Finance Minister Nirmala Sitharaman set to present record-breaking 7th budget on Tuesday
Tight monetary policy yields dividends for economy
Government announced last week a new Pensions Schemes Bill
Mars has been in decline as refiners have been making less of a profit on narrower gasoline cracks
Mexico will likely need to import crude after 2030
Moscow pledges to reach target in July
50-70% of Germany's hydrogen is expected to come from abroad by 2030
Allocation will enable the construction of a biofuel processing plant
Weak refining margins, poor demand take toll
The US major last year marked its 130th year in Malaysia
The deal is the culmination of a years-long effort to sell another chunk in one of the world's most valuable companies
The oil and gas rig count dropped about 20% in 2023
Making the GCC home of a regional trading hub
New offshore rigs will be the most advanced in the world, embracing artificial intelligence
Both contracts gained about 6% in June
The Kingdom's energy minister made the announcement of the findings in the country's Eastern Province and Empty Quarter
Saudi Arabia is working on developing its unconventional gas reserves
The capacity of the exit to Al Rebat Street has increased from 3,000 vehicles per hour to 4,500 vehicles per hour
The Executive Council announced plans to expand the transport service from the current 64 stations to 96 stations by 2030
Dh431-million bridge will have two lanes in each direction, connecting the residential seafront destination with Sheikh Zayed Road
The public beaches will remain partially closed while being developed in a project that is expected to take 18 months to complete
New LED bulbs will reduce electricity consumption by 17 per cent, improve visibility for drivers
The renovation will be executed in two phases and the initial phase will restore a 2.1km stretch along the Deira side
Cutting-edge AI technologies to usher in a new era of seamless travel, eliminating traditional hassles and streamlining passenger experience
Facility will have snack dispenser, water cooler and mobile phone charging station
The project’s design is inspired by the hexagonal beehive — a nod to the famous Hatta honey
A dedicated track for cyclists and pedestrians will be built along the bridge linking Dubai Islands and Bur Dubai
Emirate’s road network and safety standards have placed Dubai among the best global cities in terms of traffic safety
The federal law aims to preserve country's advanced infrastructure and enhance road safety
Salamah 365 aims to improve traffic and student safety by reducing number of road fatalities and implementing a smart school model, respectively
RTA is tasked with defining the requirements, procedures, controls, standards and specifications applied by its Safety Regulatory Entity
Yellow metal rates hit their lowest in two weeks on Thursday as market participants remain cautious ahead of key US economic data
Volatility index rises by the most in a day for two years
Government's decision to hike the tax rate on capital gains dampened market sentiment
Globally, spot gold was down nearly one per cent at $2,375.2 per ounce
Fed to cut rates twice this year, economists say
84% of UAE investors likely to invest in future offerings, study shows
Globally, spot gold was trading at $2,416.88 per ounce
Crude prices drop as dollar index strengthens
Prices in the emirate will still be 5-6 per cent cheaper than in India, an expert in the industry said
Its unique advantage places it at the forefront of safe-haven assets
Spot gold was steady at $2,395.61 per ounce
Gold hit all-time high of $2,483.60/oz last week
Earnings season to test lofty tech valuations
S&P 500’s technology sector has dropped nearly 6% in just over a week
Prices for affordable apartments in popular areas have witnessed a rise of up to eight per cent compared to the second half of 2023
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Hyde Residence Dubai Hills will bring a new and unique lifestyle approach to branded living in Dubai Hills Estate.
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Belle Reve is set for a Q3 2026 completion
First projects of the partnership will be realized in Dubai, Istanbul and Baku
The Valley project comprises of 532 villas, townhouses and semi-detached properties and properties are expected to be handed over within the second quarter of 2025
Study shows double-digit increase in rents
Dubai developer seeks to address the demand surge in the premium residential space
Dubai’s residential stock would cross 760,000 units by the end of 2024
Rents in Dubai have increased 10 per cent during the first half of 2024 and is projected to rise at a similar percentage in the second half
Foreigners can own freehold land and property within designated areas
Overwhelming demand resulted in a price reduction of approximately 20 basis points
Ginco Properties’ One Residence is scheduled to be handed over in the first quarter of 2027
Expat residents and overseas buyers account for 83 per cent of sales, with Indian, Egyptian and British passport holders representing the top three international markets
During the first half of 2024, DLD inspectors conducted 450 field inspections and 1,530 inspections on associated advertisements
A thriving ecosystem and increasing investor interest to foster innovation and entrepreneurship in the region
As part of the D33 programme, Dubai aims to scale up to 30 companies to become global unicorns in new economic sectors by 2033
The smart greenhouse system presented at the startup exhibition provides energy, water and heat required for plant growth automatically
The recruitment platform targets people aged below 30 and specialises in providing internships, freelance and remote work
Over 1,800 startups representing more than 100 countries participate in Expand North Star 2023 at Dubai Harbour
Over 1,400 start-ups are showcasing their solutions at Expand North Star conference
The bike will have a seating capacity for three people
DIFC's Accelerator Programme received tremendous responses from companies worldwide as the emirate has become a magnet for metaverse
Research and development happened at SRTIP’s hi-tech SoiLAB facilities
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
This comes after Indian PM Narendra Modi last year announced January 16 as National Start Up Day to promote entrepreneurship and businesses
Several UAE residents took to social media to voice their concerns
Telco embarks on digital customer value management of 150 million subscribers
E& UAE has played a vital role in achieving the country’s connectivity ambitions
By adopting the latest 5G solutions, the telecom provider is paving the way for the 6G era by 2030, says official
e& Group’s telecom vertical, e& UAE (formally known as etisalat by e&), was this week named the strongest brand by Brand Finance in the Middle East
The number of e& UAE subscribers reached 14.5 million in Q1 2024
Company’s mobile customer base grew 5.7% year-over-year to 8.7 million subscribers
6G will further elevate capabilities of robots, AI, autonomous transport and remote surgery/diagnostics among others
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e& UAE has consistently demonstrated its commitment to ethical business conduct and anti-bribery compliance
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Customers can download the Virgin Mobile app and get connected instantly with an eSIM in a few minutes
Phone booths offer commuters an invaluable opportunity to strengthen familial bonds and connect with friends
The country's other telco Etisalat by e& is already providing multiple fintech solutions to its customers
e& UAE users can benefit from satellite connectivity without the bulky devices that are typically needed
Salvador Anglada, CEO of e& enterprise, explores the key milestones that have driven the company's success in the past year and outlines their vision for a transformative journey towards a smarter, more secure, and sustainable future.
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Amazon is developing its own processors to limit its reliance on costly Nvidia chips
Board came up with the recommendation after reviewing two cases
They will navigate sidewalks safely and independently, locating charging stations when needed and eliminating the need for human intervention
Huawei's smartphone shipments surged 41% year-on-year in the the quarter
Ofcom criticised the platform, saying it communicated inaccurate information last year and failed swiftly to address that
With several potential features in play, a significant highlight is Apple's emphasis on its in-device AI processing
The company reported capital expenditures of $13 billion in the second quarter
Friday's outage happened because CrowdStrike's Falcon Sensor contained a fault
Seez is currently in the middle of an international expansion
Apple's foldable iPhone has progressed from the ideation stage, report says
There are concerns Meta misled or confused consumers with its language
They have been long decried by campaigners as an invasion of privacy
The swift response of authorities cushioned the impact, and operations soon resumed
Reversal of decision follows concerns from advertisers — the company's biggest source of income
Government's decision to hike the tax rate on capital gains dampened market sentiment
While most Asian currencies rose by 0.1% to 0.2%, the rupee was unable to gain due to heightened demand for dollars
With more than 230,000 Pakistanis migrating to the UAE in 2023 in search of greener pastures, remittances are expected to increase in the coming years
The offshore Chinese yuan was up slightly at 7.28 after declining to its weakest level since November on Monday
Financial markets in India were shut on Monday for a holiday
Routine interventions by the central bank have supported the currency over recent trading sessions
The currency came under pressure following a weaker-than-expected showing by the Narendra Modi-led coalition in the national elections on Tuesday
The Central Bank likely intervened in the non-deliverable forwards market to support the rupee, seven traders said
Early trends showed Prime Minister Narendra Modi's alliance is leading, but the tally could fall short of what exit polls predicted
The Reserve Bank of India is widely expected to not allow the rupee to dip below the 22.75 mark
The upside in the South Asian currency is expected to be capped by the ongoing nervousness about the India election outcome, which is prompting foreign outflows
The Reserve Bank of India could be lining up dollar offers on the interbank order matching system to prevent the currency from slipping to an all-time low, say traders
Foreign investors took out more than $2 billion from Indian equities last week
The equity market is 'nervous' about the general election results, due on June 4, which is likely to maintain some pressure on the South Asian currency, expert says