DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, has announced the signing of a sale and purchase agreement (SPA) with REIT Development to establish the largest precious metals…Read more
UAE – Mubasher: Zurich Capital Funds Group has launched the world’s first fully Islamic Shariah-compliant digital bank, known as RIZQ/BARAKA bank, from the UAE.
The bank will offer all banking services, according to Islamic law, only through…Read more
The United Arab Emirates has warned it could impose restrictions on people who have not been vaccinated against COVID-19 as the region’s business and tourism hub pushes its immunisation campaign.The country of some 9 million, which…Read more
Airline will make the recommendations to the government as where to go with regards to raising more cash if demand doesn’t rebound, says president Tim Clark
Emirates said on Wednesday it may need to tap Dubai’s government…Read more
Abu Dhabi Said to Weigh Sale of $4 Billion Stake in Utility Taqa
The UAE has been ranked in the top 10 in 12 of the World Economic Forum’s (WEF) indicators for fostering energy transition as the country attempts to move towards clean energy.These indicators include the electrification rate,…Read more
The new F&B Terminal aims at creating a sustainable and diversified economy in the UAE. DP World, UAE Region in collaboration with the UAE Food & Beverage Manufacturers Group recently hosted ‘The Food & Beverages (F&B)…Read more
Dubai Investments has purchased 32.3 million shares in National General Insurance Company (NGI) from Emirates NBD.
The transaction, valued at AED 3.27 per share, represents 21.53% of NGI’s share capital, according to a bourse filing on Wednesday.
Following the execution of the…Read more
UAE – Mubasher: Dubai-based Huspy, a PropTech startup, has raised one of the largest seed rounds in the Middle East and North Africa (MENA) led by VentureFriends.
Launched in August 2020, Huspy provides a web and app-based…Read more
The United Arab Emirates bought more U.S. Treasuries than China in February, breaking with other top oil exporters in the Arabian Gulf region that cut back on their exposure to one of the world’s safest assets.
With around 40,000 units coming onto the market in 2021, Dubai is set to continue its surge in property offerings. The property market has also become more affordable allowing potential investors to choose from a wide…Read more
Global Trade Review
A shipment of flat carbon steel to the UAE from India has become the first integrated paperless letter of credit (LC) and electronic documentary transaction for a steel export, according to HSBC, which financed the trade….Read more
Hotels in the UAE recorded a surge in occupancy rates during March, extending growth seen in 2020 into the first quarter of this year, as the economy rebounds from the Covid-19 pandemic.
The UAE’s hotel occupancy…Read more
The UAE could consider becoming a manufacturing base for hydrogen equipment, as it looks to add the alternative fuel to its future energy mix, according to a senior adviser to the energy and infrastructure ministry.
Etihad Airways, the national carrier of the UAE, has operated its first ecoFlight for 2021, continuing research and testing under the Etihad Greenliner programme to assess environmental sustainability initiatives during scheduled services. This is Etihad’s fourth…Read more
MORE UAE NEWS…
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