This success was underpinned by a robust 19% growth in total income
This success was underpinned by a robust 19% growth in total income
The group’s asset base surpassed Dh900 billion
Issuance is spread across three maturity periods — five, 10 and 30 years
Twin towers span over a 794,000 square feet plot and offer 1,006 apartments
The International Monetary Fund forecast growth in the Gulf region to average 2.4% in 2024
Hiring for the manufacturing, assembling facility to begin in few months
Dubai Airports CEO Paul Griffiths looks back on how response and recovery operations ran like clockwork to safely take stranded guests to their destinations
Nation has always enjoyed the advantages of geography and political stability
Travel Tricks explores collaboration for MICE opportunities
London and Indian cities were among the top five destinations, report shows
More vertiports will be set up in strategic locations across Abu Dhabi, including major business hubs and tourism destinations
The regional upswing also defies oil production cutbacks
A US-based company is developing an eVTOL aircraft for commercial passenger service and is expected to start operations by 2025 or early 2026
Official autism-friendly in-flight certification is in the works, possibly used by other airlines
In total, 94 nationalities invested in Sharjah during the first quarter of 2024
These ports will be used for take-off and landing of flying vehicles and serve as hubs for passenger pick-up, drop-off, and battery charging
Many motorists who have their vehicles written off will also look for a new one, driving the demand
Spot gold was steady at $2,317.41 per ounce after staying mostly in negative territory earlier in the day
Geopolitical tensions, economic data likely to affect yellow metal's prices, expert says
Many motorists who have their vehicles written off will also look for a new one, driving the demand
The talk of new offerings on a faster timeline sent Tesla shares soaring
Oil demand for road transport should peak around 2025
New ‘Seezar’ virtual assistant embedded on dealer websites uses advanced AI
Panic and fear gripped many motorists as the water level surged, and they had to make a choice- to prioritise their safety or cling to their cars
One of the world’s most popular SUVs gets a complete overhaul, a 3rd row, and a price hike
The decision comes over concerns that petrol can leak from fuel injectors, increasing the risk of sparking a fire in the engine
The company says it will extend warranty coverage for cracked fuel injectors, so owners who experience the problem will get replacements
Depending on storage capacities and functionality, a dashboard camera can cost up to Dh400
Zeekr is taking on the titans of the EV market with the ‘X’ crossover SUV.
Tesla to focus on self-driving taxis instead, sources said
London and Indian cities were among the top five destinations, report shows
More vertiports will be set up in strategic locations across Abu Dhabi, including major business hubs and tourism destinations
A US-based company is developing an eVTOL aircraft for commercial passenger service and is expected to start operations by 2025 or early 2026
Official autism-friendly in-flight certification is in the works, possibly used by other airlines
Hiring for the manufacturing, assembling facility to begin in few months
Dubai Airports CEO Paul Griffiths looks back on how response and recovery operations ran like clockwork to safely take stranded guests to their destinations
These ports will be used for take-off and landing of flying vehicles and serve as hubs for passenger pick-up, drop-off, and battery charging
Union warned it could order several days of strike action over a busy May holiday weekend if its demands are not met
Thousands of employees across the aviation sector worked together to restore operations and support guests at both DXB and DWC
Addition of A380 significantly boosts Etihad's capacity in the US market, providing connections to Middle East and Indian subcontinent
The UK is one of the most popular destinations among UAE residents for leisure, business and meeting relatives and friends
The airline also issued an apology to its customers due to delays caused during this time, saying it will take some more days to sort the backlog
He acknowledged the 'unacceptable' wait times for passengers and outlined the airline's efforts to restore ops, which he called 'far from perfect'
In the first two days after the torrential rain on Tuesday, around 1,244 flights were cancelled
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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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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
The lender saw 8.29 per cent growth in Islamic financing assets, which closed the year at Dh13.8 billion
CBUAE imposed a fine due to its weak compliance framework and failure to meet regulatory obligations
Expert says most of the IPOs over the last three years paid dividends of over four per cent
It is catering to diverse segments with products like 'My One Million' and 'Second Salary' designed to create an additional income stream for individuals
Customers and partners will start seeing documents with the new legal name
It will be responsible for investing Dubai government funds, surpluses and the general reserve locally and internationally
UAE Central Bank Governor says this includes financing the transition and climate adaption strategies of corporate customers
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 paradigm shift in urban fashion: ‘Movement’ takes centrestage
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
Halving in April, coupled with regulatory approvals signal bright days ahead
A reliable crypto regulatory framework will attract more investment into the digital assets
Investors believe increasing mainstream acceptance, regulation, and global adoption would help reduce the volatility
Official calls on investors to be careful of exaggerated benefit offers
The company will be the first privately owned crypto and blockchain entity to be listed on a Middle East stock market
More than two-thirds of UAE crypto transactions were for institutional investments
The summit, being held in Delhi on Saturday and Sunday, will take up several global issues including a regulatory framework for cryptocurrencies
The International Monetary Fund forecast growth in the Gulf region to average 2.4% in 2024
IMF has raised India's economic growth forecast to 6.8% in 2024-25
Country has set an ambitious target of signing 26 Cepas
US rates have 'strong and immediate' impact on Asia FX - IMF
IMF says despite many gloomy predictions, world economy avoided a recession
UAE’s current account surplus is estimated to rise to 8.4% in 2024
Remittance inflows to India in 2023 stood at $125 billion
Inflation is proving to be a stickier problem than US central bank officials had anticipated
Deposit rate unchanged at 4%; rate cut could come as soon as June
Claims tend to be volatile around this time of the year
The outlook downgrade follows a similar move by Moody’s in December
New dialogue may need to take place alongside a new Biden administration trade action
The annual consumer price index came in at 3.5% in March
World trade volumes unexpectedly declined by 1.2% in 2023
Hedge funds and other money managers sold the equivalent of 23 million barrels
The sale and purchase agreement with TotalEnergies finalises a deal announced in October
Green Giant project is set to deliver 500 MW of solar power
Prices could skyrocket if Iran closes the Straits of Hormuz
Move will consolidate Abu Dhabi's role as a key player in the green hydrogen sector
Adnoc will pay up to $1.195 billion, along with up to $4.18 million in applicable interest
Fallout from Iran's actions were to an extent priced in by markets
It will be difficult to maintain Brent above $90 a barrel in the second half of the year
Market is witnessing one of the fastest year-on-year growth rates
Brent futures fall 1.2%, WTI down 1%
Panel welcomes Iraq, Kazakh pledges to achieve full compliance
QatarEnergy had previously contracted for 77 ships to be built at Korean and Chinese shipyards
The newly announced prices for April 2024 will be the highest in six months
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
Minister of Energy and Infrastructure outlines details of National Electric Vehicles Policy
The Island, located 160km Northwest of Abu Dhabi, is a critical part of the UAE's infrastructure and central to Adnoc's ambitious gas growth plans
The plots will be fully serviced and comprise basic and entertainment facilities and parks
Project includes construction of a bridge on Al Ittihad Street consisting of three lanes for vehicles coming from Dubai towards Sheikh Khalifa intersection
Emirate launched its first urban plan back in 1960 and is currently in the process of realising its 7th development plan
Spot gold was steady at $2,317.41 per ounce after staying mostly in negative territory earlier in the day
Geopolitical tensions, economic data likely to affect yellow metal's prices, expert says
The yellow metal is supported by a revival in demand from Chinese consumers and healthy purchasing activity by central banks, expert says
Stock market opened with modest gain on Wednesday marking third consecutive session in the upward gain
Trading on DFM is expected to take place on Thursday, May 9, 2024
The yellow metal backtracked as geopolitical tensions abated in the Middle East, say experts
The yellow metal's rate is still quite high after a rally over the past few months
Many individuals see the precious metal as a long-term investment and choose to hold back despite the high rates
Tesla, Meta Platforms, Alphabet and Microsoft are all set to report this week
Spot gold was trading at $2,384.14 per ounce at 9.25 am UAE time, up 0.17 per cent
Globally, spot gold was trading at $2,385.97 per ounce at 9.45 am UAE time
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Embarking on a journey to redefine luxury, offering unparalleled architectural expertise and design excellence
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US crude has risen 20% year-to-date
Twin towers span over a 794,000 square feet plot and offer 1,006 apartments
In total, 94 nationalities invested in Sharjah during the first quarter of 2024
Total property income posted year-on-year growth of 10% to $74m, highest value ever
The Starlight Park is a four-building freehold community in Meydan
Achievement signifies back-to-back successes for Aeon & Trisl in the industry
Homeowners are busy restoring services for the tenants and bringing their properties back to pre-flood level
Robust performance acknowledged at its annual general meeting
Apart from the road network, the exclusive island will feature a helipad, and plans are afoot to connect it through waterways from Abu Dhabi and Dubai
120 projects launched in first quarter of 2024 in Dubai, housing 34,000 units
Dubai developer highest ever property sales of Dh40.3 billion for 2023
In the first quarter, Dubai’s residential property market surged to $110 billion boosted by a 55% surge in investment inflows
The Dh2.4-billion Diamondz project is the first venue in the Middle East to house a gym equipped with Bollywood superstar Being Strong Fitness Equipment
Real estate developer MAG pledges to cover all the costs of necessary repairs for affected residents
As per DLD data, the community shows a consistent rise in the capital value appreciation in villa configurations with seven clusters having recorded double-digit growth (comparison from 2021 to 2023)
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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
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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Its full-year revenues grew by 6.9 per cent on the back of sustained demand and strong growth in post-paid and fixed services
e& is accelerating the pace of its green initiatives to enable a low-carbon society, reduce environmental impact and promote sustainability
This new feature allows remote diagnosis by enabling a seamless connection between patients, ambulance staff, and medical experts
The fully automated store features an interactive robot that answers queries
All customers must have a valid ID as per telecommunications regulations whether they are a resident or a national
The SIM can be obtained by visiting business service centres and guidance centres, or using MoHRE's online services
The operator's cooperation with Vodafone is awaiting regulatory approvals in countries where the British company operates
Trend Micro showcases its unified cyber security platform at Gisec
CIP leader showcases live demo of nuclear power plant at Gisec
Company’s showcase includes demonstrations of Copilot for Security
Company showcases Hybrid Cloud Observability at GISEC 2024
36 percent targeted the education sector, 29 percent affected aviation and 15 percent targeted healthcare
New ‘Seezar’ virtual assistant embedded on dealer websites uses advanced AI
For the first time in EMEA, digital channels account for more fraud losses than physical channels
Attacks online include insults, sexist and sexual comments, and physical threats, including death threats to journalists and their families
AI tools imitating human intelligence are widely used in newsrooms around the world to transcribe sound files, summarise texts and translate
A groundbreaking handheld gaming device that marks a new era in portable gaming experience
Media reports had suggested the trip would begin as soon as Sunday and last two days
The updated Meta AI assistant will be given more prominent billing within Meta's Facebook, Instagram, WhatsApp and Messenger apps
US tech giant to take a seat on G42 board
Rising trend attributed to a surge in digitalisation and geopolitical tensions
Amid easing tensions over the conflict in the Middle East, the focus will remain on the outlook for when the Federal Reserve may begin to ease policy rates
US equity futures and Asian shares declined while safe haven demand lifted US Treasuries
The South Asian currency may fall below the 83.50 mark today 'if the RBI doesn't intervene or if it does mild intervention as it has been over the last few days', a trader says
It will be important to watch if the central bank nudges the South Asian currency higher as a slight downward bias is likely to persist in the market, says expert
The South Asian currency was expected to face some pressure on the back of a decline in the offshore Chinese yuan
The Reserve Bank of India likely sold US dollars via state-run banks to prevent further depreciation in the rupee
Traders said it was weighed down by broad weakness in its Asian peers and aggressive local dollar demand
The currency had dropped to a two-month low on Wednesday due to dollar demand from importers, including local oil companies
The South Asian currency is set for a quiet session today, eyeing whether the US Federal Reserve will signal fewer rate cuts this year
Asian currencies were mostly down following an uptick in US Treasury yields after sticky inflation suggested that the Federal Reserve will wait longer to cut interest rates
The market is also buying, as current levels on the dollar-rupee pair are quite appealing for importers, says a foreign exchange trader
Most Asian currencies saw a slight uptick, with the Philippine peso leading the gains, rising 0.3%
Mild dollar inflows helped lift the rupee in early trading, a foreign exchange trader at a state-run bank said
The rupee has been 'well-supported,' by dollar inflows over the last week, which helped cap the unit's weakness, an expert said