Pakistan's central bank on Monday held its key interest rate at 22 per cent as expected for a sixth straight policy meeting as inflation risks continued to loom.
Major real estate developers Nakheel and Meydan will now come under the portfolio of Dubai Holding.
Dubai welcomed 1.77 million international tourists in January, which was an increase of 21 per cent compared to 1.47 million visitors in the same period last year.
Italy's competition watchdog has fined three units of social media giant TikTok $10.94 million (AED 36.7 million) for inadequate checks on content potentially harmful to young or vulnerable users.
The UAE recorded government revenues of AED 155.9 billion in the fourth quarter of 2023, according to the finance ministry's preliminary data, up 9 per cent from the same period in 2022.
The UAE and Hungary have signed an economic cooperation agreement aimed at stimulating trade and investment flows in priority sectors of mutual interest.
Parkin Company's Initial Public Offering (IPO) has set an oversubscription record on the Dubai Financial Market. It was oversubscribed by 165 times with a record demand of AED 259 billion from investors.
Dubai International Financial Centre (DIFC) has announced the enactment of the world’s first Digital Assets Law to keep pace with the rapid developments in international trade and financial markets, and to provide legal certainty for investors.
In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has issued a decree to create a unified digital platform for establishing companies.
The Dubai Financial Market (DFM) general index registered exceptional performance last year, crossing the 4,000-point milestone for the first time in eight years.
Parkin' has increased its IPO shares for UAE retail investors due to high demand, with the new total at 89,964,000 shares, up from 74,970,000.
An International Monetary Fund (IMF) mission is arriving in Pakistan on Wednesday for a second and last review of a $3 billion standby arrangement, two sources said.
Indian investors topped the list of nationalities of non-UAE businesses joining the Dubai Chamber of Commerce last year.
As many as 2,692 new companies joined the Dubai Multi Commodities Centre (DMCC) in 2023 in its second-best year on record.
New figures reveal Dubai International Airport is the largest in the world by scheduled seat capacity for international flights, in March.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has issued a law regarding a 20 per cent tax on foreign banks operating in Dubai.
Sharjah witnessed a significant increase in European guests in 2023, welcoming more than 400,000 visitors, resulting in a 28 per cent increase from the previous year.
Etihad Airways has announced its results for 2023, recording AED 1.4 billion ($394 million) operating result, driven by AED 4 billion ($ 1.1 billion) year-on-year growth in passenger revenue, while decreasing unit cost excluding fuel by seven per cent
Cryptocurrency Bitcoin has stabilised after touching a record high on Tuesday, before plummeting soon after. The record high was fueled by investors pouring money into US spot exchange-traded crypto products and the prospect that global interest rates may fall.
Apple's iPhone sales in China fell 24 per cent year-on-year in the first six weeks of 2024, according to research firm Counterpoint, as the US company faced increased competition from domestic rivals such as Huawei.
Meta-owned Facebook and Instagram were back up on Tuesday after a more than two-hour outage that was caused by a technical issue and impacted hundreds of thousands of users globally.
Social media platforms Facebook and Instagram appeared to be experiencing widespread technical problems on Tuesday.
The shareholders of TECOM Group have approved a recommendation by the Board of Directors to distribute a cash dividend of AED 400 million (8 fils per ordinary share) for the second half of 2023.
Dubai's Parkin, which oversees public parking operations in the emirate, has set the price range for its planned initial public offering (IPO) at AED 2 to 2.1 per share, it said on Tuesday.
Simon Coveney, Ireland’s Minister for Enterprise, Trade and Employment, says the country wants to become a gateway for the UAE and other Gulf states to the European Union (EU) market.
Dubai Holding has announced the expansion of its 'Leaders of Tomorrow Graduate Programme' internationally while reaffirming its commitment to foster talent from universities in the UAE.
Apple has been fined 1.84 billion euros ($2 billion) for thwarting competition from music streaming rivals via restrictions on its App Store, the iPhone maker's first ever penalty for breaching EU rules.
Dubai's toll gate operator Salik continued to deliver strong performance in 2023, with 461.4 million revenue-generating trips and record total revenue of more than AED 2.1 billion.
The UAE has announced it will extend its additional voluntary cut of 163,000 barrels per day (bpd) for the second quarter of 2024, in coordination with some OPEC+ countries.
Filipina Charlyn Suizo, who heads a Philippines group of Swifties, flew in to Singapore from Manila with 17 friends for one reason only: Taylor Swift.
Emirates General Petroleum Corporation (Emarat) has launched a first-of-its-kind project in the UAE and globally, under the name ‘Project Landmark’, where companies and brands can secure naming rights for their service stations.
In a major development at its 13th Ministerial Conference (MC13) held in Abu Dhabi, the World Trade Organisation (WTO) extended the moratorium on customs duties for e-commerce until the convening of the 14th Ministerial Conference in 2026.
Ministers of Trade and Industry have commended the UAE's leading efforts in hosting the 13th WTO Ministerial Conference (MC13).
Dubai Taxi Company (DTC) has announced its financial results for the year ended December 31, 2023, delivering a strong performance while also completing its listing on the Dubai Financial Market (DFM) in December.
Elon Musk has sued ChatGPT-maker OpenAI and its chief executive Sam Altman, among others, saying they had abandoned the company's original mission to develop artificial intelligence for the benefit of humanity not profit.
Tesla unveiled new incentives, including insurance subsidies, on Friday to woo consumers in the world's largest auto market, where the US electric vehicle giant is in a protracted price war against entrenched rivals such as BYD.
The UAE holds firm at 10th place globally in the latest Soft Power Index released by the brand valuation consultancy Brand Finance.
French Finance Minister Bruno Le Maire on Wednesday publicly challenged US Treasury Secretary Janet Yellen's view that it would be legal to monetise some $300 billion in frozen Russian assets, revealing deep divisions among Group of Seven (G7) countries.
India and South Africa have filed a formal objection against an investment agreement at a World Trade Organisation (WTO) meeting in Abu Dhabi, blocking its adoption in a move that observers say could block hundreds of billions of dollars in investment.
The UAE economy is expected to grow by 5 per cent in 2024, driven by an increase in foreign direct investment and strong growth in the non-oil sector.
The UAE and Malaysia are close to finalising their Comprehensive Economic Partnership Agreement (CEPA) to be signed by the end of June.
A penalty of AED 10,000 will be imposed on companies that fail to register for corporate tax on time.
Expo 2020 Dubai has reaffirmed its commitment to gender equality and women’s empowerment.
Expo 2020 Dubai and the United Nations Global Compact are joining forces to hold a Sustainable Development Goals Business Forum.
More than 2,500 online travel agents, tour operators, hotel groups and airlines have signed on as Authorised Ticket Resellers (ATRs) for Expo 2020 Dubai.
A spectacular line-up of sights, sounds and tastes await visitors at Expo 2020 Dubai, through a series of specially curated itineraries.
Apple on Tuesday launched the iPhone 12 with faster 5G connectivity, which the company hopes will spur a wave of upgrades and keep its sales booming through the end of the year.
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Every weekday afternoon, Helen Farmer will help you to navigate the highs and lows of life in the UAE. Stay up to date with what’s happening and where to go.
John Lyons of Espace Real Estate says there is a slight slowdown in the property market during summer. So we asked him, does this mean prices are negotiable during the summer months?
Lawyer Rebecca Kelly of Clyde & Co. explained why UAE judicial authorities are setting up new offices to deal with financial crime, including money laundering.
Airalo - an eSim company disrupting telco's roaming revenues, has raised $60 million in funding including investment from our own e&.
It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.
The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.