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United Arab Emirates
Markets
UAE: Third auction of T-bonds sees bids worth AED 7.6 bn
Auction oversubscribed by 5.1x
Banking & Finance
UAE’s banking sector assets increase in May
Assets rose 2.9% to 3.442 trillion dirhams
Markets
Local shares add AED 537 bn to market capital in 7 months
Driven by strong gains and new listings
Markets
Dubai Financial Market posts 63% growth in net profit of H1
International investors accounted for 72% of the new investors
Banking & Finance
Alpha Dhabi Holding registers record results in 6 months
Profits amounted to AED 7.9 bn
Banking & Finance
UAE’s Borouge achieves big jump in profits, revenues in H1
Company registered revenue growth of 16.4%
Banking & Finance
Etihad Airways reports record profits in H1
As travel demand comes roaring back
Energy
Torrential rains batter several regions in the UAE
Authorities urged residents not to leave their homes unless necessary
Banking & Finance
UAE Central Bank imposes sanctions on 6 banks for compliance failure
For failing to comply with due diligence and reporting procedures
Real Estate
Sharjah sustainable City again receives Real Estate Excellence Award
For promoting sustainable development, community living in the UAE
Logistics
UAE: Amazon Prime Members saved the biggest this year
Over 300 mn items were purchased by Prime members worldwide
Energy
ADNOC Drilling lands $2 bn contracts for Ghasha project
Project is key component of ADNOC's strategy for gas self-sufficiency
Economy
UAE: Sectors where you will find the most vacancies
UAE jobs up by 10%
Hospitality & Tourism
UAE nationals subject to long wait time for Schengen visas
This situation may have an impact on tourism in the region
Technology
UAE bank to offer digital asset trading in Emirati currency
Move will enable people to avoid relying on foreign bank accounts
Energy
Fuel reimbursement expenses for UAE companies increase by 38%
Fuel is among the most requested reimbursements for UAE employees
Banking & Finance
Bank investments in the UAE increase in first quarter
Investments amounted to 472.7 billion dirhams
Real Estate
Dubai, Abu Dhabi property sales spike on strong demand
$3 bn worth of property transactions sealed in Dubai one week
Energy
ADNOC announces new milestone in Borouge 4’s expansion
"We have safely completed 1.5 mn man-hours since the project's inception"
Banking & Finance
Rashed Al Ansari: “Crypto exchanges not a direct threat to us”
Agility, digitization, leadership, passion are driving forces behind exchange
Logistics
UAE to launch first quick commerce startup next month
The platform aims to provide a highly personalized shopping experience
Banking & Finance
UAE leads demand for business, household borrowings
Borrowings hit $498 billion by March end
Real Estate
Abu Dhabi: Real estate transactions exceed AED 22.5 bn in H1
Confidence among investors reflects the market's attractiveness
Logistics
An exclusive look into Amazon’s Prime Day top discounts
Prime members can enjoy an entire year of exclusive deals
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