Around 10,000 units were delivered in Dubai and 1,600 in Abu Dhabi in Q1, demonstrating strong growth in the UAE’s residential sector
Around 10,000 units were delivered in Dubai and 1,600 in Abu Dhabi in Q1, demonstrating strong growth in the UAE’s residential sector
We see a large whitespace opportunity in both the UAE and Saudi Arabia, an important factor in our plans for continued expansion of our store network: Sunil Kumar
About 175 flights were cancelled due to sudden sick leave calls from crew members
The supermarket chain will expand its footprint in the UAE and Saudi Arabia through due to growing demand of retail products
The airline carried 4.2 million passengers over the quarter, up 41 per cent year-on-year
The company also reported a strong non-fuel gross profit increase of 16 per cent year-on-year to $55 million
The provider may also expand its services to privately owned developments and centres, including shopping malls and commercial hubs
These vulnerabilities 'could allow an attacker to remotely execute malicious code on a victim's machine in the context of the logged-in user'
The final offer price was set at Dh1.53 per share, at the top end of the offer price range, raising around Dh1.38 billion
In a staff report, the fund says political complexities and high cost of living could weigh on policy
The case was filed against parties who took to their social media handle alleging that the brand was favouring a particular community
These two vehicles can accelerate from 0 to 100kmph in just 3.6 seconds
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
The company's success lies in its ability to onboard merchants swiftly and efficiently
PARTNER CONTENT
Property owners in Dubai South and its vicinity have begun to raise prices - by up to 25 per cent
Investors now await US jobless claims data due later in the day for cues on strength in the labour market
Precious metal is currently trading near the psychological level of $2,300 within a descending channel established since April 22
Some senior crew members allegedly switched off their mobile phones just before flight operations
Total revenues reached Dh215.3 million from January to March in the company's first financial results after the success of its IPO
These two vehicles can accelerate from 0 to 100kmph in just 3.6 seconds
The affected models are 2019–2023 GLS/GLE with engine M256 and automatic transmission NAG3
ADDED signs pact with Alfahim Group to build new plant
Most EVs promise mileage of 250-500km depending on engine variants and price points
Driving without a plate or with a damaged one can fetch residents hefty fine of up to Dh3,000, and 23 black points
After a bout of torrential rain, Dubai has bounced back like no other city, with automotive events being organised in full swing and big announcements being made
Despite the growing market share of domestic automakers, Teslas remain among the best-selling EVs in the Asian country
Chinese Premier Li Qiang promises to Musk that the country will always be open to foreign firms
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
About 175 flights were cancelled due to sudden sick leave calls from crew members
The airline carried 4.2 million passengers over the quarter, up 41 per cent year-on-year
Some senior crew members allegedly switched off their mobile phones just before flight operations
Airport expected to increase its capacity to 25 million passengers annually by 2027
Abu Dhabi-based airline will also add Bali, Mykonos, Nice, and more as summer destinations
The airline will refurbish another 43 A380s and 28 Boeing 777
Safety experts have said the problems at the company suggest significant safety culture defects that will not be turned around quickly
The emirate has announced a plan to relocate the airport from Dubai International to Al Maktoum Airport in 10 years
The multi-million dollar project is expected to be completed before the end of the year
Starliner will remain at the International Space Station for a little over a week
The aircraft will serve short to medium haul cities, with Bahrain as its inaugural destination
Fujairah Airport earlier said it would connect the emirate to 18 new destinations
Regional carriers also reported the strongest growth at 19.9% year-on-year
Travellers advised to take extra travel time, keep checking updates
PARTNER CONTENT
Report of the independent auditor on the summary financial information to the Directors of American Home Assurance Company in respect of its Dubai Branch
PARTNER CONTENT
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
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
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
In a staff report, the fund says political complexities and high cost of living could weigh on policy
The country narrowly averted default last summer, and its $350 billion economy has stabilised after the completion of the last IMF programme
UAE aims to double its gross domestic product to Dh3 trillion by 2030
Borrowing costs to remain unchanged as Fed holds rates at 23-year high
The UAE is India's second-largest export destination after the US
Islamabad is seeking a larger long-term agreement with the fund after a current $3 billion standby arrangement expires this month
Emerging economies’ bloc ditches greenback in $260b worth trade
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
Plant is set to be the first LNG export facility in the Middle East and Africa
Global output may be cut by $1 trillion, finds new analysis
Company aims to increase dividends by a minimum of 5% every year
The facility had been targeted by a drone on Friday in which four workers were killed
Prices have increased by 19 fils per litre, compared to the rates of April
Here's how much it will cost to tank up your car this month
Following a $3 per barrel average global price increase in March, petrol prices for April increased by 12 fils per litre in the UAE
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
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
The supermarket chain will expand its footprint in the UAE and Saudi Arabia through due to growing demand of retail products
The company also reported a strong non-fuel gross profit increase of 16 per cent year-on-year to $55 million
The final offer price was set at Dh1.53 per share, at the top end of the offer price range, raising around Dh1.38 billion
Precious metal is currently trading near the psychological level of $2,300 within a descending channel established since April 22
The Reserve Bank of India was selling dollars to keep the rupee from sliding below the all-time low, say traders
Central bank gold purchases could continue to support the precious metal to a certain extent, expert says
Yellow metal prices retraced from earlier gains following the release of the US April employment report
Hopes for a September cut rose after the non-farm payroll report on Friday
The 24K variant of the yellow metal was trading at Dh279.5 per gram on Monday morning as compared to last week’s close of Dh278.75 per gram
Stronger-than-expected earnings in coming weeks could help allay investor concerns
Fed decision brings bulls back to the market
The group has a presence in five countries and eyes further geographic expansion, especially in India
Shares opened at Dh1.48 a share at ADX against a trading reference price of Dh0.37
Statement indicates next move will be a cut
Property owners in Dubai South and its vicinity have begun to raise prices - by up to 25 per cent
Developers and community managers conduct free cleaning and repairs for residences, helping areas that have been severely damaged
In April, nearly 58 per cent of property buyers were looking for apartments while 42 per cent searched for villas or townhouses
PARTNER CONTENT
When we talk about luxury hospitality, ORA Hospitality stands out as a beacon, offering not just accommodation but an expedition into self-discovery.
PARTNER CONTENT
This year, the property prices are likely to see a jump of up to 15%
Key barometer shows 6.4% expansion in first quarter
Swank to launch inaugural project in Meydan
Al-Dhaid, Khor Fakkan, Dibba Al-Hisn and Kalba saw more than 6,700 transactions
The gateway to Dubai’s Central Business District, it is termed as ‘city within a city’
The project is nearing completion and is scheduled to open in September this year
Construction work on the project has already started and is scheduled to complete at the end of 2026
Residents of Amali Island will have exclusive access to their own 10,000 sqft clubhouse, serving as the island's recreation, adventure, and leisure hub
Al Ghadeer has offered the highest ROI of 7.65 per cent for affordable houses
This trend can be mainly attributed to factors like the growing presence of high net-worth individuals and the UAE’s removal from the FATF’s grey list
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
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
PARTNER CONTENT
e& UAE has consistently demonstrated its commitment to ethical business conduct and anti-bribery compliance
PARTNER CONTENT
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.
PARTNER CONTENT
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
These vulnerabilities 'could allow an attacker to remotely execute malicious code on a victim's machine in the context of the logged-in user'
The trial, the first-of-its-kind in the region, involved a small-sized drone, which can carry two passengers for up to 35km
UAE's digital strategies help boost innovation, official says
AI’s continuous development will undoubtedly increase the potency of its potential misuse
New investment adds to the S$11.5 billion the company has poured into the Asia Pacific Region until 2023
Free for users, Palm Pay will be rolled out gradually throughout 2024
Report says MAI-1 will be "far larger" than the previous smaller, open source models Microsoft had previously trained
Bad actors from the outside aren’t the only threat
Report reveals over 52% of people spend more than seven hours a day on internet
It joins other Apple products that were already in the DMA net since September: iOS for iPhones, the App Store, and the Safari browser
Sama 2.0 will answer real-time questions, help travellers design curated travel experiences, and find answers for customers
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
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
Investors now await US jobless claims data due later in the day for cues on strength in the labour market
The Reserve Bank of India was selling dollars to keep the rupee from sliding below the all-time low, say traders
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