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United Arab Emirates
Banking & Finance
UAE launches two-tranche dollar-denominated bonds
Bonds comprises a 10-year tranche and 30-year Formosa portion
F&B
Dubai restaurants earn Middle East’s first Michelin stars
11 were awarded Michelin stars and 14 received a Bib Gourmand
Real Estate
Dubai registers historical real estate transactions in Q1 2022
The emirate recorded 7,936 off-plans sales, up 117.7% YoY
Op-eds
Why flexible solutions are key to deliver positive employee experiences
85% of UAE companies saw productivity increase after shift to hybrid work
Industry
UAE’s industry to contribute AED 300 bn to the economy by 2031
AED 110 bn to be allocated for agreements with local manufacturers
Energy
Taqa, Adnoc, and Mubadala enter binding agreements to buy Masdar stakes
Significant step within strategic partnership announced by UAE President
Energy
DEWA: Water service saved 8 bn gallons, AED 500 mn until March
Report highlighted the role of a smart grid in the Smart City's development
Markets
UAE: Second auction of T-Bonds sees bids worth AED 9.7 bn
Oversubscription by 6.5x
Technology
Sheikh Mohammed bin Rashid unveils opening date of Expo City Dubai
The City is an ideal destination for residence, business, education
Economy
UAE: Half of companies considering pay raises for employees
68% of companies are currently reviewing annual salary budget
Banking & Finance
UAE Ministry of Finance announces second auction of federal treasury bonds
The auction is part of the AED 9 billion T-Bonds issuance program for 2022
Markets
UAE’s NCHT allows foreigners to own 49% of its shares
Eligibility includes any natural or legal person, whether a UAE citizen or not
Technology
Dubai tops Middle East in Digital Cities Index
It also ranked second globally in the 'Digital Skills' sub-indicator
Real Estate
Dubai registers huge real estate transactions in 5 months
Over 30K transactions from January through May
Banking & Finance
Mega investors opt for Dubai lured by favorable financial future
Inflation, geopolitical tensions impacted HNWI's spending patterns
Logistics
UAE makes major announcement regarding Indian wheat exports
Halt on all items
Health
DoH partners with French Sanofi in four strategic healthcare areas
Key activities include launching a clinical research project
Markets
Dubai’s Salik turns into a joint stock company ahead of potential IPO
As per the law, Dubai’s government owns all of the company's shares
Markets
Tecom set price range for IPO at 2.46 to 2.67 dirhams per share
Subscription for 625 million shares began today on DFM
United Arab Emirates
Sheikh Mohammed bin Rashid offers Arab students a very special gift
The move aims to enrich, improve the library's reading material
Real Estate
Dubai’s luxury real estate market maintains growth in May
Market maintained growth of 1.1 percent to reach 80.6 points
Economy
42% of customers in UAE refuse to compromise quality over price
This is likely to reflect a higher average income across the country
Technology
Crypto scammers face five years of jail, hefty fines in UAE
Fines could go up to AED 500,000
Banking & Finance
“First Abu Dhabi” announces completion of legal merger of Audi- Egypt assets
Full integration of the bank's operations and systems in Q4 2022
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