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Business News

UAE: DIB resolves salary payment issues post-system upgrade
Omar Abbas - 1 week

A recent system upgrade caused disruptions in some clients' wage payments, which Dubai Islamic Bank (DIB) resolved.

UAE: Al Maktoum Airport to Revolutionize Economy and Tourism
Omar Abbas - 1 week

Dubai's Al Maktoum International Airport (DWC) represents a monumental leap forward in the emirate's ambitious plans for economic expansion.

Dubai Chamber of Commerce introduces Colombian Business Council initiative
Omar Abbas - 1 week

The Colombian Business Council will be established, according to plans revealed by the Dubai Chamber of Commerce, in a major step toward strengthening business ties.

UAE announces the deadline date for mandatory corporate tax registration
Omar Abbas - 2 weeks

The UAE's Federal Tax Authority (FTA) has released a strict guideline on corporate tax registration, highlighting the need for resident enterprises with licenses granted in March or April to comply.

Dubai rental prices expected to increase by 10% for the rest of 2024
Omar Abbas - 2 weeks

Dubai rents rose by almost 10% in the first half of the year, and experts predict that the city's housing market would see another 10% increase in the second half.

UAE Central Bank launches Digital Dirham to revolutionize financial landscape
Omar Abbas - 3 weeks

The Central Bank has revealed its plan to implement the "digital dirham," a step that will completely alter the banking and currency industries.

UAE launches New Measures to Stop Unwanted Marketing Calls and Protect Privacy
Omar Abbas - 3 weeks

The Communications and Digital Government Regulatory Authority has implemented steps to safeguard community members from the nuisance of unsolicited marketing calls.

UAE reveals new regulations sparking concerns among cold callers
Omar Abbas - 4 weeks

For Mohammed A, a Sri Lankan expat in Dubai, the prospect of a job wasn't just about employment; it was a chance at redemption.

UAE: Banks introduce discounted financing rates for Golden Visa holders
Omar Abbas - 4 weeks

Banks in the United Arab Emirates are rolling out the red carpet for Golden Residency holders, offering a suite of financial products tailored to meet their unique needs and preferences.

Britain begins circulating banknotes bearing the image of King Charles
Mohamed Shalaby - 1 month

Wednesday saw the introduction of King Charles' portrait banknotes into circulation in Britain, almost two years after he succeeded the late Queen Elizabeth II.

UAE declares significant fuel price decrease for June 2024
Omar Abbas - 1 month

Recently, news of lower fuel prices starting in June 2024 from the United Arab Emirates (UAE) grabbed headlines.

Emirates Airlines announces the exclusion of Boeing 777X deliveries
Omar Abbas - 1 month

Emirates Airlines, a leading global carrier, continues to navigate the dynamic aviation landscape with strategic decisions aimed at enhancing operational efficiency and customer satisfaction.

New York Stock Exchange says glitch that showed Berkshire Hathaway down has been resolved
Mohamed Shalaby - 1 month

A technical issue that forced trading for several large equities to halt and resulted in a 99.97% decline in Berkshire Hathaway's stock price was fixed, the New York Stock Exchange announced on Monday.

Indian stocks decline amid poll expectations
labiba - 1 month

Tuesday saw the biggest sell-off in Indian stocks in four years as the results of the vote counting indicated that the alliance led by Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) may not secure an overwhelming majority, as...

UAE announces an annual noon work ban to protect workers starting from this date
Omar Abbas - 1 month

In a steadfast commitment to safeguarding worker health and well-being, the Ministry of Human Resources and Emiratization of the United Arab Emirates (UAE) has reinstated its annual noon work ban.

Saudi Aramco’s $12 billion stock offer sells out in hours
Mohamed Shalaby - 1 month

The $12 billion share offering by Saudi Aramco was fully subscribed quickly after it opened on Sunday, which is good news for the government, which is looking to raise money to support a significant economic transformation plan.

UAE, Qatar sign agreement to prevent double taxation
Omar Abbas - 1 month

The United Arab Emirates and Qatar have recently entered into an agreement aimed at preventing double taxation and combating fiscal evasion of income taxes.

Abu Dhabi Chamber unveils UAE Digital Commerce and Innovation Growth Plans
Omar Abbas - 1 month

A study showcasing the substantial expansion and promise of digital commerce in the United Arab Emirates was released by the Ministry of Economy and the Abu Dhabi Chamber.

UAE Cybersecurity unveils strategies for secure remote work
Omar Abbas - 1 month

The UAE Government Cybersecurity Council is sounding the alarm on the pressing need to fortify remote work environments.

Dubai World Trade Center unveils the Work-from-Home License Initiative
Omar Abbas - 1 month

Dubai World Trade Center (DWTC) has introduced commercial license packages tailored for remote work within "Expo Village," situated in the vibrant Expo City of Dubai.

UAE President announces his visit to China on this date
Omar Abbas - 1 month

The UAE President, Sheikh Mohamed bin Zayed Al Nahyan, is scheduled to undertake a significant state visit to the People’s Republic of China, beginning on Thursday, May 30.

Emirates unveils a codeshare agreement with Avianca for expanded connectivity
Omar Abbas - 1 month

Emirates, the esteemed Dubai-based airline renowned for its global reach, has embarked on a new venture in partnership with Avianca, a prominent Latin-American carrier.

UAE unveils the deadline date for emiratisation targets in private firms
Omar Abbas - 1 month

Reminders on the deadline for enterprises with 50 or more employees to complete their Emiratization aim by June 30 were sent out by the UAE Ministry of Human Resources and Emiratization (Mohre) on Tuesday.

UAE warns against fake job ads in educational institutions
Omar Abbas - 1 month

In the UAE, there has been a concerning increase in fake job advertisements on websites and social media platforms, falsely promoting employment opportunities in schools and universities.

UAE launches Blue Residency Visa to Champion Sustainability
Omar Abbas - 1 month

Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, announced the initiation of a special visa, recognizing outstanding contributions to environmental sustainability.

UAE: Your Step-by-Step Guide for Residency Renewal
Omar Abbas - 1 month

The General Directorate of Residency and Foreign Affairs in the United Arab Emirates (UAE) has announced adjustments to the residence and renewal fees, affecting both locals and foreign nationals residing in the country.

"Emirates Insurance" guarantees compensation for car agencies damage claims
Omar Abbas - 1 month

The Emirates Insurance Federation announced that insurance companies are cooperating fully and are committed to compensating for damages sustained by car agencies according to the terms of their contracts.

Emirates Airlines announces ambitious recruitment drive for 5,000 crew members
Omar Abbas - 1 month

With a reputation for quality and a commitment to giving passengers around the world outstanding service, Emirates Airlines is well-known.

UAE records Dh1.7 billion in real estate transactions for April in Sharjah
Omar Abbas - 1 month

A notable uptick in real estate activity was revealed by the Sharjah Real Estate Registration Department in April, with a total of 1,632 deals totaling Dh1.7 billion.

Dubai Police reveals the steps for filing complaints against workplace insults
Omar Abbas - 1 month

In the United Arab Emirates (UAE), insults, rumors, and slander are not taken lightly, especially in the workplace.

UAE unveils Watering 8 Farmlands After Irrigation System Revival
Omar Abbas - 1 month

Local agriculture has been revitalized by the nonprofit group Emirates Nature-WWF and Etihad Rail's sponsorship of the restoration of a run-down Falaj irrigation system near Bithnah.

Al Maktoum Airport unveils innovative monorail and green spaces
Omar Abbas - 1 month

Al Maktoum International Airport (DWC) is set to become a city within a city, complete with its own transport system, green zones, and a variety of entertainment and retail offerings.

The Kingdom of Saudi Arabia expects height to increase at the highest value
Mohamed Shalaby - 1 month

The nation's national carrier, Saudi Arabian Airlines (Saudia), has launched a big growth strategy and an increased fleet as it strives to expand globally and improve connectivity to the Kingdom, with the goal of making Saudi Arabia one of the...

Dubai launches the Sustainable Hatta Project to divert landfill waste
Omar Abbas - 1 month

A significant step towards environmental sustainability has been taken in Hatta with the launch of a new waste management initiative.

Dubai Financial Services Authority unveils licensing statistics for 2023
Omar Abbas - 1 month

The Dubai Financial Services Authority (DFSA) emphasized a time of expansion, innovation, and major contributions to Dubai's economic landscape in its annual report for 2023.

UAE: SALIK records 562 AED million in revenue in Q1 2024
Omar Abbas - 1 month

With 122.8 million revenue-generating journeys in the first quarter of 2024, an 8.1% increase over the same period the previous year, SALIK saw impressive revenue growth.

Dubai unveils a long-term gaming visa initiative for innovators
Omar Abbas - 2 months

In recent years, Dubai has emerged as a dynamic hub for innovation and entrepreneurship across various industries.

Deliveroo introduces the Abra Delivery Service in Dubai
Omar Abbas - 2 months

In a city like Dubai, where modern skyscrapers stand alongside historic landmarks, the juxtaposition of tradition and innovation is evident at every turn.

Dubai Financial Market: Spinneys IPO Sparks 9% Share Surge
Omar Abbas - 2 months

Investor demand and attention to Spinneys 1961 Holding's recent listing on the Dubai Financial Market (DFM) have been exceptionally high.

Dubai launches a job fair for students with 150+ opportunities
Omar Abbas - 2 months

The 2024 Spring Job Fair at the University of Dubai is more than just an event; it's a gateway to professional growth and development for students.