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United Arab Emirates
Banking & Finance
UAE’s MAF posts AED 18 bln in revenues for H1
Driven by a steady economic recovery in retail, leisure sectors
Banking & Finance
Emaar expecting a net profit of AED 629 mln from Namshi sale
Exceeding the 127 million dirhams invested
Hospitality & Tourism
Dubai retains position as leading destination for global business events
City won bids for 99 major meetings and conferences in H1
Logistics
For the first time, UAE non-oil foreign trade exceeded 1 trillion dirhams in H1
Climbing by 17% compared to same period in 2021
Banking & Finance
Emaar plans Namshi sale to Noon for $335.2 mn
Emaar will receive the total value of the selling price in cash
Banking & Finance
What happens if you don’t repay a loan in the UAE
The borrower may face a travel ban in the execution case
Hospitality & Tourism
UAE’s 5-year multiple-entry tourist visas: All you need to know
Holders may stay an additional 90 days without leaving the country
Hospitality & Tourism
UAE: Over 70 nationalities can get visa on arrival for up to 180 days
Over 50 of them can stay in the country for about three months
Banking & Finance
UAE announces new incentives for SMEs
The beneficiaries should be members of accredited SME funds or programmes
Logistics
DP World first-half profit jumps 52% to record $721 mn
Driven by growth in cargo
Technology
Suppliers Complex at Mohammed Bin Rashid Aerospace Hub nears completion
Complex seeks to attract SMEs, start-ups
Banking & Finance
UAE: Goverment fees can now be paid via various payment options
The move comes in response to customers’ suggestions and requirements
Hospitality & Tourism
Record increase in Passenger numbers at Dubai Airport
Dubai Airport received 27.9 million passengers, a 162% increase in 6 months
Real Estate
Dubai property market remains robust, but villa prices slow down
Mainstream market has seen annual growth in demand of 10.1%
Energy
Electric vehicle demand upsurge boosts market for UAE EV service
Royal Swiss Auto offers vast range of EV care and maintenance services
Energy
GCC: Independent hotels need help to meet zero-emissions goals
Some hotels are not being able to access dedicated internal support
Markets
The UAE leads the MENA in financing venture capital
UAE companies raised $699 million in H1
Real Estate
Azizi: Dubai’s real estate sector immune to economic fluctuations
Market conditions are still favorable
Hospitality & Tourism
Dubai tourist arrivals more than double in June
But fall short of 2019 level
Energy
WGES supports UAE’s preparations for hosting COP28
Summit reflects UAE's unlimited support for energy, climate change issues
Banking & Finance
UAE: Profits of 17 national listed banks amount to AED 24.2 bn
Reflecting strength of financial solvency, high liquidity
Real Estate
Emaar to buy Dubai Creek Harbour from Dubai Holding for $2 bn
Emaar to buy Dubai Creek Harbour from Dubai Holding for $2bn
Banking & Finance
UAE leads M&As regionally with 105 deals
Deals amounted to $14.2 bn
Banking & Finance
Shuaa Capital streamlining business following $39.2 mn loss
Busines addressing non-cash expenses, optimisation measures
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