Traffic violations incurred during last Tuesday’s heavy rainfall will be dropped Dubai Police announced on Wednesday, April 24 that it will drop all traffic fines incurred by motorists during the record rainfall last week. The April 16 rains brought the city to a standstill as...

The temporary vertiport facility aligns with Abu Dhabi’s strategy to deliver one of the world’s most advanced sectors for eVTOLs by 2026 In a key step towards pioneering advanced air mobility, Abu Dhabi debuted the UAE’s first operational vertiport for electric vertical take-off and...

Set up in 2004, Plenary has a portfolio of 21 assets under management valued at over $25bn across Australia and the Middle East ADQ, the Abu Dhabi-based investment and holding company, and Plenary Group, a leading Australian developer of public-private infrastructure projects, have...

In 2022, ADQ and OIA identified investment opportunities worth over $bn in key sectors of Oman’s economy Abu Dhabi-based investment and holding company ADQ has launched the $180m technology-focused Jasoor Fund, in collaboration with the Oman Investment Authority (OIA) represented by...

The emirate is rated “Aa2” by Moody’s and “AA” by both S&P and Fitch Ratings Abu Dhabi, on Tuesday launched a $5bn three-part bonds as it returned to the debt markets for the fist time in three years, fixed income news service IFR said. The emirate sold $1.75bn in five-year...

The central bank said banks will not impose additional fees, interest or profits for loan repayment deferrals The Central Bank of the UAE (CBUAE) has urged banks and insurance companies to allow customers affected by severe weather conditions to defer personal and car loan repayments...

Submerged roads and rising floodwaters forced hundreds of residents to abandon their vehicles, navigating through murky waters to seek safety In response to the recent bout of unstable weather conditions in the UAE, Sharjah Police, issued an order to waive all traffic violations...

Dubai is expected to receive minimal rainfall with partly cloudy conditions on most days this week The National Centre of Meteorology (NCM) predicts more rain across parts of the UAE this week. The country is recovering from the chaos caused by last week’s storms but the forecast...

The bank moved up four places to rank 109th in Brand Finance’s top 500 banking brands globally Abu Dhabi Commercial Bank’s (ADCB) brand value increased by 8.7 per cent to reach Dhs10.5bn in 2023, according to Brand Finance’s 2024 Banking 500 report. The Abu Dhabi-based bank moved...

The new daily service caters to the growing demand for further flights connecting the global tourism and business hubs of London and Abu Dhabi British Airways’ first flight after a four-year hiatus touched down at Abu Dhabi’s Zayed International Airport at 9.14 am on April 21, marking...