Abu Dhabi ports have seen a 15.7% increase in non-oil trade during the second quarter of this year. Figures released by the emirate’s statistics centre show a surge in foreign demand for precious metals. It comes as analysts predict GCC economies to grow by 3.4% in 2015. Due to falling oil prices, countries with fewer financial buffers are witnessing problems related to low growth performance. Saudi Arabia and the UAE are less impacted, with strategies under way to promote non-oil trade.
Former Binance chief guilty of money laundering
Changpeng Zhao, the former chief executive of Binance has been sentenced to four months in prison after pleading guilty to violating US laws against money laundering at the world's largest cryptocurrency exchange.
Emirates attracts pilots with higher salaries, new perks
Emirates Airline has announced significant changes to its pilot recruitment strategy, which includes higher salaries, new roles and a radical change to eligibility.
Spinneys increases IPO retail offering due to high demand
Supermarket chain Spinneys has announced its decision to increase the number of shares allocated to the UAE Retail Offering of its IPO due to high demand.
IMF $1.1 billion tranche to help Pakistan's economic stability, says PM Sharif
The disbursement of $1.1 billion by the International Monetary Fund (IMF) will help Pakistan achieve greater economic stability, Prime Minister Shehbaz Sharif said on Tuesday, amid discussions for a new loan programme.
UAE, Ukraine conclude terms of trade pact
The UAE and Ukraine have concluded the terms of a Comprehensive Economic Partnership Agreement (CEPA).
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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.
