United Arab Emirates

ADNH Catering IPO: Company to offer 40 percent of shares on ADX

The company plans to list 900,000,000 shares each with a nominal value of AED0.10

UAE’s FTA extends deadlines for corporate tax return filing, payment for specific tax periods

The extension applies to short Tax Periods that conclude on or before February 29, 2024 

UAE gold prices edge down, global rates fall despite rising Middle East tensions

Market attention turns toward comments from both Fed chair Jerome Powell and Fed governor Michelle Bowman later today

Zayed International Airport northern runway reopens in Abu Dhabi after rehabilitation

Upgrades to critical navigational aids like instrument landing system and runway visual range (RVR) systems were carried out

Weekly wrap: UAE President visits U.S., CBUAE raises GDP forecast, Microsoft to set up Abu Dhabi center

Sheikh Mohamed reaffirmed the UAE's unwavering commitment to its US partnership during his official visit

Dell Technologies modernizes UAE workplaces with new AI-powered PCs, workstations

Dell’s AI PCs help organizations implement AI strategies and prepare for the future

Air Arabia launches three weekly flights to Moscow from Ras Al Khaimah

New scheduled service to Moscow aligns with Ras Al Khaimah’s strategic vision for tourism growth

Dubai’s Jafza, Global Surfaces launch $27.23 million manufacturing facility

40,000-square-meter facility marks a significant milestone in the expansion of Global Surfaces' operations in the Gulf region

UAE banking sector demonstrates resilience with robust capital buffers, favorable liquidity conditions, says Central Bank

UAE's real GDP grew 3.6 percent, driven by rise in the non-oil sector, particularly in tourism, real estate, and finance 

UAE reaffirms commitment to advancing green infrastructure, private capital mobilization

Urgency of climate action demands that countries prioritize climate-resilient infrastructure while unlocking the potential of private capital

Six new highlights to look forward to at Expand North Star 2024

The event will be held at Dubai Harbour from October 13 to 16

IHG, Aldar to turn six Yas Island hotels into luxury resort

Straylight Yas, Vignette Collection will open in Q4 2025 on Yas Island

48,735 pensioners and beneficiaries to receive $220 million in September: Date of disbursement revealed by UAE’s GPSSA

This amount reflects a notable increase of AED91,728,008 ($25 million) compared to the same month in 2023

UAE to enter U.S. Global Entry Program by October 2024, easing travel for Emiratis

UAE and U.S. government authorities will begin to develop and finalize criteria that will lead to the UAE’s full participation in the program

COP28 President calls for ambitious NDCs to keep 1.5°C goal within reach, drive socioeconomic growth

Dr. Al Jaber said the UAE Consensus provides a vital roadmap for action at the ‘Roadmap to Mission 1.5: NDC 3.0’ event

Global digital creative economy to reach $7.35 trillion by 2030: Study

Survey and engagements with more than 400 experts shows growing appetite for the adoption of AI solutions

RTA introduces smart winter seasonal schedules to enhance maritime transport for tourists and residents in Dubai

This initiative encompasses all maritime transport services and routes, including Dubai Ferry, Abra, and Dubai Water Taxi

UAE gold prices steady, global rates set for weekly gain on second rate cut bets

Market focus now shifts to the U.S. core personal consumption expenditures price index data due later today

UAE President Sheikh Mohamed meets former U.S. President Donald Trump during official visit

Sheikh Mohamed noted that relations between the UAE and the U.S. have flourished for over 50 years thanks to their partnership and common vision

Abu Dhabi awards oil and gas exploration concession to Malaysia’s Petronas

The company was awarded exploration concession for Onshore Block 2 in Abu Dhabi

Abu Dhabi-based ADQ’s $2 billion bond issuance to list on London Stock Exchange

Dual-tranche offering includes a $1 billion seven-year bond due in 2031 and a $1 billion 30-year bond due in 2054

Gross written premiums rise 31.2 percent YoY in H1 2024 to $9.7 billion, reports UAE Central Bank

This increase was primarily driven by significant rises in property and liability insurance premiums

Sheikh Mohammed bin Rashid issues Decree on the Board of Dubai Multi Commodities Centre Authority

According to the Decree, Abdul Wahed Abdul Rahim Al Olama will take on the role of Vice Chairman of the Board