Mubadala has invested in clean energy FY 2022 financial highlights

Abu Dhabi’s Mubadala outperforms global benchmarks in 2022

The company deployed Dhs107bn in industries such as life sciences, renewable energy and digital infrastructure

UAE-UK Sheikh Abdullah bin Zayed Al Nahyan and James Cleverly meet for the Strategic Dialogue between the UAE and UK. Image Credit: MOFAIC

UAE-UK inaugural strategic dialogue: key takeaways

The strategic dialogue builds on the 2021 bilateral meet during which the two countries agreed to establish a partnership for the future

Hospitality group Accor has confirmed three new luxury properties will open in Riyadh by 2027 (Image: Supplied by Accor)

New Raffles, MGallery and Sofitel announced for Riyadh

It will include a 230-key Raffles hotel, a 250-key Sofitel Serviced Residence and a 60-villa MGallery resort

CBUAE banks' investments update feb 2023

UAE bank investments hit record high of Dhs541bn in February

The CBUAE update showed a year-on-year growth of 15.2 per cent over the same period last year

Israel consul general Liron Zaslansky with Ian Fairservice, Managing Partner & Group Editor-in-Chief of Motiva

Strengthening the UAE-Israel partnership

H.E Liron Zaslansky, Consul General of Israel in Dubai shares her thoughts on the strong relationship between the two states and avenues for further growth

etihad airways CO2 emissions reduction in 2022

Etihad reports 26% drop in CO2 emissions per RTK in 2022

In its annual sustainability report, the airline stated that it had reduced CO2 emissions per revenue tonne kilometre to 482g compared to the 2019 baseline

Saudi Aramco appoints presidents for upstream and downstream businesses

Saudi Aramco promotes upstream, downstream heads to new president roles

Nassir Al-Naimi remains in charge of Aramco’s oil and gas production while Mohammed Al Qahtani will continue to run the refining and chemicals business

UAE, Italy strengthen economic partnership

UAE, Italy strengthen economic ties, explore investment exchanges

The partnership is expected to create new investment opportunities to support sustainable economic growth

RTA to open 3 new metro link bus routes phot courtesy RTA

Dubai’s RTA has launched these 3 new metro link bus routes

The RTA has said it will make improvements to the journey times of 48 other routes in addition to the new bus routes

UAE's One Dirham banknote issued in 1973. Image Credit: Central Bank of the UAE

UAE’s dirham marks 50 years of circulation

The Emirati dirham was issued as the UAE’s official currency replacing a mix of international currencies which had been in circulation in the emirates

UAE MoI amends certain traffic laws

UAE’s MoI announces amendments to UAE traffic laws, covers fines, points

Ministerial Resolution No (178) of 2017, which outlines traffic control rules and procedures, now includes additional violations related to the preventive measures mentioned in the resolution

biogas

Dubai announces completion of biogas-to-energy project at Warsan Wastewater Treatment Plant

The biogas power facility has the capacity to generate 44,250 MWh of electricity annually

Oman's Ahli Bank receives bids from Omnivest, Bank Dhofar

Oman’s Bank Dhofar, Omnivest submit competing bids for Ahli Bank

The revised bid from Oman’s Bank Dhofar comes a day after Omnivest said it would lead a consortium that will make an offer for Ahli Bank

FTA unveils tax agents classification initiative Photo Getty Images

The UAE’s FTA unveils initiative to simplify tax compliance, enhance customer satisfaction

The initiative is designed based on the results of an opinion poll and proposals fielded by the authority through its direct communication with customers

IHG to open 12 Holiday Inn Express hotels across Saudi Arabia (Image: Supplied by IHG)

IHG reaches deal for 12 Holiday Inn Express hotels in Saudi Arabia

It has signed a master development agreement with Tashyid for Hotel Operations to develop the hotels totaling 2,500 keys

UAE corporate tax exempt

UAE corporate tax: Ministry issues decision on exemptions

The decision aims to clarify the application of the corporate tax regime for individuals and ensures that only business income is taxed

QATAR GettyImages-1232572487-800x533-1

Qatar stocks could attract up to $3.5bn on free float plan

The Gulf state is considering the plan on the hopes that more trading would raise investment returns, reduce costs and help with diversification

Hedge fund

Hedge fund trader Sanjay Shah loses appeal over order to pay $1bn in tax

The authority said in a statement Wednesday that it would now begin an asset recovery process

drone project - DCCA and DM sign MoU for Dubai Horizons Project photo courtesy Dubai Media Office

Dubai Civil Aviation Authority, Dubai Municipality ink MoU to further drone initiative

The MoU details a framework to achieve the goals of the Dubai Horizons project that is focused on planning drone flight routes and landing sites

Careem partners RTA in Dubai

Careem, RTA partner to launch ‘School Rides’ in Dubai

The company said its customers can select the ‘School Rides’ car type on its multiservice app to book affordable school rides for their children

Dimitrios Dosis, president– Mastercard EEMEA

Cover story: Mastercard’s Dimitrios Dosis talks strategy and innovation

The company’s EEMEA president shares how the company is contributing to the digital economy and serving communities

UAE receives wanted terrorist from Jordan

The UAE’s Federal Supreme Court in 2013 sentenced Khalaf Abd Al Rahman Humaid Al Rumaithi in absentia to 15 years for terrorist activities

Central bank on gross bank assets

CBUAE says gross banks’ assets reached Dhs3.74tn in February

Latest data from the central bank shows that gross credit surged by 1.2 per cent to Dhs1.89tn in February from 1.87tn a month earlier, driven by a 1.6 per cent increase in domestic credit

Al Seer Marine invests into Adnoc L and S

Al Seer Marine makes Dhs257m cornerstone investment into ADNOC L&S

Al Seer Marine recently announced a strong revenue profit of Dhs1.11bn for 2022

PwC Middle East

Middle East companies call for new green deal ahead of COP28, says PwC

The auditing firm said businesses in the region are increasingly transparent about their environmental impact, with 70 per cent reporting on their ESG impact

NCEMA X Presight MoU

NCEMA, Presight sign MoU to bolster crisis and emergency management

Presight will work closely with NCEMA to create a hi-tech AI platform that serves the emergency management community

ADNOC L&S IPO

ADNOC L&S sets IPO price range, seeks to raise $607m

The company expects the final offer price to be announced on May 26, after the book-building process

Etihad is offering discounted fares to Rome, among other destinations. (Image: Supplied by Etihad Airways)

Etihad Airways sale: Summer discounts announced on flights from Abu Dhabi

The airline is offering special fares to select destinations across its Asian, European, Middle Eastern and North American routes

Saudia

Saudia and Kuwait Airways sign codeshare agreement

Guests may expect to gain all the benefits of codeshare flights including connectivity, baggage transfer and the convenience of having their entire journey managed by one airline

UAE issues decree to regulate use of HFCs-e1622023668811

UAE issues decree regulating use of hydrofluorocarbons

The decree is a significant step in the UAE’s endeavour to uphold its obligations towards climate change mitigation and curbing harmful emissions