“The team is in discussion with some operators who are not here,” says Mohamed Al Shehhi Dubai could soon be home to new hospitality projects including hotels and resorts, CEO of A.R.M Holding, Mohamed Al Shehhi. “We are definitely looking to launch our hospitality project...

The investments increased by 3.25 per cent or Dhs16.6bn on a monthly basis The Central Bank of the UAE (CBUAE) has released figures revealing that the total investments of banks operating in the country reached Dhs528bn at the end of December 2022. This represents an 11.5 per cent...

The new rules require Pakistani residents to follow the Wadeema Law, which ensures child rights The UAE has issued a new visa warning for Pakistani nationals residing in the nation. According to UAE Consul General in Karachi Bakheet Ateeq Al-Remeithi, the UAE has warned Pakistani...

The telecom operator, which initially acquired a 9.8 per cent stake in Vodafone for $4.4bn in May 2022, said its investment rationale remains unchanged UAE telecoms operator e& has increased its stake in Vodafone to 14 per cent, as part of the company’s broader strategy to develop...

UAE bank investments reached record highs after 11.5% annual increase UAE banks held $144bn (AED527.7bn) in total investments at the end of last year. The Central Bank of the UAE released figures showing that the total investments of banks operating in the country reached a...

The carrier flew 10.6 million passengers across its network last year, rising 89 per cent compared to 2021 Dubai-based carrier flydubai has reported a 43 per cent year-on-year rise in profit for the year 2022, equalling Dhs1.2bn ($327m). The airline reported revenue of Dhs9.1bn...

UAE economy to thrive in 2023 despite global headwinds The UAE economy will grow by 4.1% this year, says the World Bank. The growth forecast is positive considering difficult global economic conditions said Issam Abu Suleiman, the Regional Director of the Gulf Cooperation Council...

RAK Digital Assets Oasis will open for applications in Q2 2023 Ras Al Khaimah (RAK) has announced its intention to launch RAK Digital Assets Oasis, the world’s first free zone dedicated to digital and virtual asset companies. The announcement was made at the Blockchain Life 2023...

Petrol prices will marginally increase, while the price for diesel has been cut The UAE has announced fuel prices for the month of March. The fuel price follow-up committee increased petrol prices by 4 fils per litre. Super 98 will cost Dhs3.09 per litre, beginning March 1,...

UAE schools will adopt new style of exams for key subjects The UAE has made changes to the way exams are undertaken in schools across the country. Starting on February 27 and until March 3, exams in UAE schools will trial the use of digital technology for exams. The Emirates...