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United Arab Emirates
Markets
UAE stocks record AED 10 bn of gains
Gains were notable in the realty, banking, and telecom sectors
Energy
“Dubai Can” initiative cuts single-use plastic bottle usage by 3.5 mn
Initiative has seen 46 fountains installed across the emirate since launch
Economy
Employees onboarded by UAE firms exceed those offboarded in 2022
By a factor of 1.6
Banking & Finance
ADCB in plans to sell $1 bn of bad debt
To clean up corporate defaults
Hospitality & Tourism
New visa rules in the UAE on October 3
Opening up access to the Golden Visa, job exploration visa, and long-term visa options
Logistics
Salik’s IPO starts September 13th, to sell 20% shares
The Dubai government will retain 80% following IPO
Economy
UAE non-oil private sector grows at fastest pace in 38 months
Future sentiment drops to its lowest level in 17 months
Banking & Finance
3% annual growth in CBUAE gold balance by end June
Investments of banks in UAE rise by 4.3% on annual basis
Energy
Fuel prices in the UAE fall again in September
The new pricing includes 5% value added tax
Energy
ADNOC awards AED6.72bn of agreements for drilling-related services
Announced contracts are largest of their kind in oil and gas
Logistics
Amazon Web Services launches second region in the UAE
Greater choices to serve end users from data centers in the UAE
Banking & Finance
EDB empowers SMEs with a new 5-million-dirham financing service
The service is the first of its kind in the UAE
Markets
Dubai Diamond Exchange trading rises to $20 bln in H1
DDE has traded 90 billion carats of polished diamonds since 2012
Markets
Dubai school operator Taaleem Holdings pushes ahead with IPO plans
Taaleem picked EFG-Hermes, Emirates NBD Bank to lead IPO
Technology
Expo City Dubai: Things you’ll find when site opens in under 2 months
Tickets will cost 50 dirhams per person per pavilion
F&B
The Italian restaurant that promises to take you on an ‘Artisanal’ journey
We speak to Firas Fawaz the man behind the Artisan Restaurant
Markets
Female investors break stereotypes and strengthen presence in UAE
18% increase in share of Emirati female investors among Saxo Bank clients
Economy
UAE to celebrate ‘Emirati Women’s Day’ on Sunday
Under the slogan "Inspiring Reality .. Sustainable Future”
Technology
UAE mobile app installs grow 23% in H1
Finance apps recorded 183% growth
Technology
Abu Dhabi to launch blockchain and virtual assets strategy
The plan aims to develop growth opportunities for investors
Banking & Finance
Emaar enters final stages of selling Namshi to Noon
The deal is expected to close in the next 6 months
Op-eds
Sharjah’s sustainability focus pays rich dividends in real estate sector
Sustainable real estate movement continues to gain rapid ground globally
Banking & Finance
IHC subsidiary Palm Sports renews AED306 mn government service agreement
Company to provide 350 world-class Jiu-Jitsu coaches across UAE
Banking & Finance
A&M: UAE banks rebound on strength of core interest income
Total interest income grew by 19.5% QoQ in Q2
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