January 2024 — Topical news of the United Arab Emirates

January 24, 2024 no comments 338
The Shariah-compliant bank’s net operating revenues rose by 11 per cent YoY to reach Dhs11.7bn, while operating profit stood at Dhs8.5bn Dubai Islamic Bank (DIB), the UAE’s biggest Islamic bank by assets, reported a 26 per cent jump in full-year net profit, boosted by higher interest...

January 24, 2024 no comments 227
The regulator licenced and registered a record-breaking 117 firms during the 12 months. This reflected an increase of 25 per cent from the previous year. Dubai Financial Services Authority (DFSA) said it had an “exceptional growth” year in 2023. The regulator licenced and...

January 24, 2024 no comments 226
The installation of EV charging infrastructure is expected to support drivers looking to make the switch to electric vehicles The Sharjah Roads and Transport Authority (SRTA) has partnered with BEEAH to build and operate a network of electric vehicle (EV) charging stations across the...

January 24, 2024 no comments 219
The launch of the Fresh Corridor 2.0 will encourage two-way food trade between the UAE and the rest of the world bringing food products into the UAE Etihad Cargo, Abu Dhabi Airports, and Abu Dhabi Food Hub – KEZAD have signed a tri-party memorandum of understanding (MoU) to jointly set...

January 24, 2024 no comments 257
The number registered was 16,657 movements, a growth of 8 per cent over 2022, reflecting the highest movements achieved so far in the emirate The Mohammed bin Rashid Aerospace Hub (MBRAH), a free-zone destination for airlines, private jet companies, and associated industries, at Dubai...

January 23, 2024 no comments 230
Accommodation and food services activities witnessed a strong 11.1 per cent growth in the first nine months of the year Dubai registered a 3.3 per cent rise in the real gross domestic product (GDP) in the first nine months of 2023, as revealed by the latest figures from the Dubai Data...

January 23, 2024 no comments 217
Two MoUs were signed with two companies that specialise in developing and manufacturing transportation systems, as well as designing mass transportation solutions for zero emissions Dubai’s Roads and Transport Authority (RTA) has signed two key memoranda of understanding (MoUs) aimed...

January 23, 2024 no comments 228
The increased allocation will include investments to grow the company’s domestic and international carbon management platforms ADNOC Group’s board of directors has increased the company’s budget allocation for decarbonisation projects, technologies and lower-carbon solutions to a...

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