The airline and its low-cost subsidiary, Transavia, have halted flights to the Lebanese capital since July 29
The airline and its low-cost subsidiary, Transavia, have halted flights to the Lebanese capital since July 29
The precious metal has been volatile of late, falling below $2,400 per ounce earlier last week before recovering later
The authority last month revoked the licence of Galaxy Insurance Broker and struck its name off the register after failing to comply with regulatory obligations
Around 1.7 million South Asian nationals live and work in the UAE
The second phase of development will include up to 450 production wells, new pipeline and road and infrastructure upgrades
X is now the easiest social media platform to find Hamas videos, citing the Community Security Trust, a charity that combats extremism, says report
While some calm returns to trading floors, traders remain on edge and are nervously awaiting the release of the next round of indicators, warn analysts
The total number of transactions reached 4,146, while the total area traded in sales transactions reached 13.8 million square feet
Proficiency in determining taxable income is essential for adhering to the UAE's tax statutes
New leaks and rumours suggest an early 2025 release date for the fourth-generation model
Group companies recover much of the losses as Adani rejects the allegations saying its overseas holding structure is fully transparent
With an annual gold jewellery demand of nearly 40 tonnes, the UAE shares the rank with Russia, followed by Saudi Arabia in the 7th position
Group says it does not want to acquire whole of BT; Drahi's Altice group under pressure over debt; shares up 6%
Earlier on Saturday, Sebi's chairperson denied the report's allegations as baseless
Government has played a crucial role in nurturing the tech industry
Property prices in the emirate have seen a double-digit increase over the past three and a half years
Recently, a Dubai-based private developer introduced a payment plan spanning over eight-and-a-half years with five years of post-handover payment options
GPS spoofing incidents surge by 400%, affecting commercial airliners in recent months, says aviation advisory body
Residents are currently seeking clarity on whether these charges will be extended to private infrastructures, such as Tesla’s free supercharging service
Industry that employs 200,000 people in France faces a forced march to change
Nissan has been steadily losing market share in its two largest markets — US and China
Seez is currently in the middle of an international expansion
Automaker relies on gasoline-engine offerings to fuel profits
Several companies are betting on them to meet labour shortages and perform dangerous tasks
The automaker sent some production employees home early during the night shift at its Austin, Texas and Sparks, Nevada facilities, the report added
Car ownership comes with numerous hidden costs
Many vehicles are yet to be repaired due to the shortage and limited supply of spare parts
The European Commission is canvassing EU governments' views in an advisory vote
The airline and its low-cost subsidiary, Transavia, have halted flights to the Lebanese capital since July 29
Around 1.7 million South Asian nationals live and work in the UAE
Aircraft delivery delays boost cash
Round-trip tickets that usually cost around Dh800 have spiked to over Dh2,800 for some destinations
Total revenue increased 21% to Dh11.7 billion
The Abu Dhabi-based carrier will fly four times a week nonstop
North American carriers are also facing heightened costs associated with labour and aircraft maintenance
The revamped business class cabins feature the biggest HD screens in the skies, mini-bars for each passenger, and seats that convert to spacious flat beds
It also revealed that it would be introducing a new signature aroma in Al Majlis to create a welcoming atmosphere at the VIP facility
During this period, India remains DXB’s top destination country with 6.1 million passengers
Flight attendants who were not authorised to speak publicly after the accident described a loud bang, whooshing air and for one, tangled oxygen masks
The airline said the disruption was due to 'operational reasons'
The nationwide unrest in July was sparked by a reintroduction of job quotas for highly sought-after civil service positions
This move represents a major departure for the airline, which has built its reputation on providing affordable, no-frills service
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Financial literacy equips teenagers with the knowledge and skills needed to manage money effectively, plan for the future, and avoid common financial pitfalls
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The administrative sanction comes after a Central Bank investigation revealed lapses in compliance
It will be rolled out to cover a wide range of establishments from retail stores and dining outlets, as well as tourist, leisure attractions and top malls
NRIs are increasingly purchasing policies due to the growth in the South Asian country and the growing interest to return to the country
Fintech revenue is expected to continue increasing (15 per cent per annum) over the next three years, outpacing global banking
Banks are part of the economy, and they will provide a “lifeline"
The 10-million-plus debit cards that exist in the market will be replaced gradually over the next two and a half years
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Report of the independent auditor on the summary financial information to the Directors of American Home Assurance Company in respect of its Dubai Branch
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The First Abu Dhabi Bank (FAB) is at number 3 with a market value of $41.5 billion
Residents who have invested in saving bonds earn up to 5.8 per cent returns as the investment portfolio of the firm crossed Dh14 billion
It's the largest fund that the Africa Finance Corp has pooled, 'providing the much-needed impetus to African industrialisation, enhanced export earnings and job creation'
The consultation will be open from March 15 to April 10, and accessible via the website of the Ministry of Finance
It applies to buyers and sellers through any digital means in the country and outside when residents buy the product
Total federal assets reached Dh481.5 billion in 2023, and the UAE ranked first globally in four indicators of financial competitiveness
UAE conglomerate reduces over 2,000 tonnes of CO2 emissions
Experts say grey areas like availability of 0% corporate tax benefit on high sea sales, investment in cryptocurrencies addressed in new FTA guide
If a person has a licence issued in January or February (irrespective of the year), he has to submit a tax registration application by May 31, 2024
City’s top fashion names attended the fashion presentation and launch
60% in ALEC’s ‘Mustaqbal’ programme are women
Young entrepreneurs showcased their innovative projects
Performance was driven by robust demand from new and existing customers
The multi-brand gift card, HappyYOU, can be purchased across all Carrefour stores in the UAE
Transaction is expected to close in Q1 2024, subject to regulatory approvals
Deal expands RPM offering into UK-Nordic region and strengthen capabilities for energy and defence sectors
Tally is all geared to support the UAE SME community
MADA UV Company’s latest innovation promises 100% germ eradication
Company offers a diverse range of mortgage solutions
Technical indicators show the market as oversold, analysts say
The plunge marks a stunning reversal for the sector
The former president has projected himself as the pro-bitcoin candidate
A major issue for some investors is the SEC's exclusion of the "staking" mechanism
Bitcoin has been the most erratic among major global assets in the last ten years
Changer.ae Ltd prepares to deal in investments as an agent
Revenue expected to grow by 7.89% annually to reach $395.8 million in 2028
Central recently announced a new licensing regime for stablecoins
Mena market has shown remarkable dynamism and resilience in embracing virtual assets
Bitcoin’s scarcity remains a key driver of its value, attracting long-term investors
eToro study suggests that potential to generate high returns (40 per cent) is the main driver behind the interest
Protocol’s new Index Tokens will offer users access to cutting edge decentralized markets
Current dynamics of Bitcoin leave only nine months of supply left on exchanges
Dubai is emerging as a major hub for cryptocurrencies
Initial claims for state unemployment benefits fell 17,000 to a seasonally adjusted 233,000
An increasing number of analysts are now pencilling in a half-a-percentage-point rate cut next month
Data could help to quash fears of a recession
Concerns increasing that the United States may be heading into a recession
Price inflation accelerates further in July, PMI report notes
Data on Friday showed the unemployment rate rose to 4.3%, an unexpected deterioration
Inflation wave has now largely subsided and interest rates will be falling from here
With the US Federal signalling a lowering of rates, UAE consumers can access cheaper credit
Gross credit grew 0.7% to Dh2.077 trillion at the end of May 2024
M&A deals worth $9.8b inked in H1
Figures will likely support ECB view that there is no need to rush to further lower interest rates
Such limits were dropped in 2020 to enable India's entry into global bond indices
UAE-Chile non-oil bilateral trade increased to $306 million in 2023
Retailers forecast the index would improve to -32 in August
Investors were also digesting a 3.7 million barrel drop in U.S. crude inventories
Adnoc Distribution profit up 15%, Adnoc Drilling profit hits $570m
Demand concerns rise after weak US jobs report
Revenue surged 29% year-on-year to $935 million driven by fleet expansion and oilfield services
If Iran joined an open conflict, it could cause significant market movements
Combined sales over the last three weeks had totalled 144 million barrels
The advisory comes after fuel prices have been set for this month
Opec recently said that world oil demand will rise by 2.25 million barrels per day in 2024
Prices rose by up to 6 fils per litre, compared to the rates in July
Here's how much it will cost to tank up your car this month
Field achieves 25% production capacity increase by harnessing advanced digital solutions
BP boosts dividend by 10%, extends share buybacks
Oil prices averaged around $84 a barrel in July compared to $82.6 a barrel in the previous month
Exxon Mobil will supply 3.9 million barrels of the contract
RTA announced Dh165 million contract to improve the Al Barsha mall's entrances, surrounding streets
The capacity of the exit to Al Rebat Street has increased from 3,000 vehicles per hour to 4,500 vehicles per hour
The Executive Council announced plans to expand the transport service from the current 64 stations to 96 stations by 2030
Dh431-million bridge will have two lanes in each direction, connecting the residential seafront destination with Sheikh Zayed Road
The public beaches will remain partially closed while being developed in a project that is expected to take 18 months to complete
New LED bulbs will reduce electricity consumption by 17 per cent, improve visibility for drivers
The renovation will be executed in two phases and the initial phase will restore a 2.1km stretch along the Deira side
Cutting-edge AI technologies to usher in a new era of seamless travel, eliminating traditional hassles and streamlining passenger experience
Facility will have snack dispenser, water cooler and mobile phone charging station
The project’s design is inspired by the hexagonal beehive — a nod to the famous Hatta honey
A dedicated track for cyclists and pedestrians will be built along the bridge linking Dubai Islands and Bur Dubai
Emirate’s road network and safety standards have placed Dubai among the best global cities in terms of traffic safety
The federal law aims to preserve country's advanced infrastructure and enhance road safety
Salamah 365 aims to improve traffic and student safety by reducing number of road fatalities and implementing a smart school model, respectively
The precious metal has been volatile of late, falling below $2,400 per ounce earlier last week before recovering later
Bullion on track to snap a five-session losing streak
Indexes up: Dow 1.52%, S&P 500 1.91%, Nasdaq 2.23%
Spot gold was up at $2,393.29 per ounce, up 0.35 per cent at 9.15am
Recession fears spooked investors globally earlier this week, sending equity and commodity markets into a tailspin
Traders see a 100% chance of rate cut in September as palladium fell to lowest level since 2017 on Monday
It plunged Dh7 per gram yesterday as equity dropped worldwide due to recession fears in the world’s largest economy
Yen jumps to 7-month highs , carry trade unwind in focus
Palladium hits lowest since 2018; platinum down more than 4%
Investors have increasingly turned to the safe haven of Treasuries since last week
Weak economic data, rising geopolitical tensions, and somewhat disappointing earnings reports have led to a sell-off in equity markets
US indexes pare steep losses after services data
The Sahm Rule reading reached 0.53 points in July
Circuit breakers tripped by torrent of selling
Property prices in the emirate have seen a double-digit increase over the past three and a half years
Recently, a Dubai-based private developer introduced a payment plan spanning over eight-and-a-half years with five years of post-handover payment options
Group property sales in H1 2024 hit Dh31.5 billion
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One of the main attractions of branded residences is the assurance of quality and service
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Rents have been on the rise after the Covid-19 pandemic due to the increase in population in the Capital, Dubai and other emirates
Real estate trade in the emirate rose 35.6% in the first half of 2024
Realiste's 'Project Land' has digitized over 10,000 plots
Market shows significant upturn with 59% rise in transactions and 57% rise in value
The highly anticipated event, held in Dubai, drew a diverse crowd of industry professionals marking a significant debut for the developer in the competitive real estate market
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Falling interest rates, improved affordability to drive GCC investor appetite
Some choose to live in it together while others opt to rent it out and divide the income amongst themselves
Developer launches Samana Avenue in Dubailand
Dubai real estate’s strong demand still exceed expectations
In KhorFakkan the trading value amounted to Dh179.6 million
A thriving ecosystem and increasing investor interest to foster innovation and entrepreneurship in the region
As part of the D33 programme, Dubai aims to scale up to 30 companies to become global unicorns in new economic sectors by 2033
The smart greenhouse system presented at the startup exhibition provides energy, water and heat required for plant growth automatically
The recruitment platform targets people aged below 30 and specialises in providing internships, freelance and remote work
Over 1,800 startups representing more than 100 countries participate in Expand North Star 2023 at Dubai Harbour
Over 1,400 start-ups are showcasing their solutions at Expand North Star conference
The bike will have a seating capacity for three people
DIFC's Accelerator Programme received tremendous responses from companies worldwide as the emirate has become a magnet for metaverse
Research and development happened at SRTIP’s hi-tech SoiLAB facilities
Experts do not not rule out the possibility of entities in the UAE’s tech sector having some exposure to SVB
This fund will invest in pre-seed and seed tech-startups in the Middle East and Africa
The UAE is becoming a preferred choice for newly established businesses to raise funds, expand, and hit the billion-dollar mark
The Arab world’s visionary leadership has ensured a strong customer-driven demand as gender stereotypes and taboos are being broken to create a new egalitarian world order
This comes after Indian PM Narendra Modi last year announced January 16 as National Start Up Day to promote entrepreneurship and businesses
A quick check on the website downdetector.ae shows a spike in du outages on Saturday midday
Several UAE residents took to social media to voice their concerns
Telco embarks on digital customer value management of 150 million subscribers
E& UAE has played a vital role in achieving the country’s connectivity ambitions
By adopting the latest 5G solutions, the telecom provider is paving the way for the 6G era by 2030, says official
e& Group’s telecom vertical, e& UAE (formally known as etisalat by e&), was this week named the strongest brand by Brand Finance in the Middle East
The number of e& UAE subscribers reached 14.5 million in Q1 2024
Company’s mobile customer base grew 5.7% year-over-year to 8.7 million subscribers
6G will further elevate capabilities of robots, AI, autonomous transport and remote surgery/diagnostics among others
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e& UAE has consistently demonstrated its commitment to ethical business conduct and anti-bribery compliance
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Customers can download the Virgin Mobile app and get connected instantly with an eSIM in a few minutes
Phone booths offer commuters an invaluable opportunity to strengthen familial bonds and connect with friends
The country's other telco Etisalat by e& is already providing multiple fintech solutions to its customers
e& UAE users can benefit from satellite connectivity without the bulky devices that are typically needed
New leaks and rumours suggest an early 2025 release date for the fourth-generation model
Government has played a crucial role in nurturing the tech industry
Microsoft-backed OpenAI said last month it was also breaking into the search game
Developers will now be able to communicate and promote offers that are available anywhere
Trend Micro is working with investment bankers to solicit interest from potential buyers
As the technologies become more sophisticated, distinguishing deepfakes from genuine media can pose significant challenges, raising concerns about privacy, security, and the potential for abuse in the digital age
MacBook Air, MacBook Pro, Mac Pro, Mac Studio, and Mac mini could all feature the new M-series chip as per the latest report
A key focus of this release is to make AI voice interactions feel more natural and human-like, with significantly reduced latency during conversations
Partnership expected to enhance growth in the SME sector
Changing customer expectations is the top sales challenge
A new leak claims the upcoming lineup might be launched on September 10
The AI chip company unveiled its Blackwell chip series in March
Major upgrades expected in battery life, charging speeds of Apple's upcoming devices
The company which employed 116,500 people as of June 29, said the majority of the job cuts would be completed by the end of 2024
The selloff in US and Asian equities following a disappointing jobs report spurred worries of foreign outflows from India and other emerging markets
The rupee was at 83.72 against the US dollar as of 10.35am IST, nearly unchanged from its close at 83.71 on Thursday
Government's decision to hike the tax rate on capital gains dampened market sentiment
While most Asian currencies rose by 0.1% to 0.2%, the rupee was unable to gain due to heightened demand for dollars
With more than 230,000 Pakistanis migrating to the UAE in 2023 in search of greener pastures, remittances are expected to increase in the coming years
The offshore Chinese yuan was up slightly at 7.28 after declining to its weakest level since November on Monday
Financial markets in India were shut on Monday for a holiday
Routine interventions by the central bank have supported the currency over recent trading sessions
The currency came under pressure following a weaker-than-expected showing by the Narendra Modi-led coalition in the national elections on Tuesday
The Central Bank likely intervened in the non-deliverable forwards market to support the rupee, seven traders said
Early trends showed Prime Minister Narendra Modi's alliance is leading, but the tally could fall short of what exit polls predicted
The Reserve Bank of India is widely expected to not allow the rupee to dip below the 22.75 mark
The upside in the South Asian currency is expected to be capped by the ongoing nervousness about the India election outcome, which is prompting foreign outflows
The Reserve Bank of India could be lining up dollar offers on the interbank order matching system to prevent the currency from slipping to an all-time low, say traders