The demand for taxis in Dubai has witnessed encouraging signs of recovery as the market rebounds from a sluggish performance in the second quarter of the year. After experiencing a notable decline in trips during the earlier months, statistics for June indicate a narrowing of these declines, suggesting a revitalization in Dubai’s mobility landscape. Following...
The establishment of the Kenya Business Council in Dubai marks a significant step towards strengthening trade and investment relations between Kenya and the UAE. This new platform is expected to facilitate increased collaboration as both countries aim to leverage the Comprehensive Economic Partnership Agreement (CEPA), underscoring their commitment to enhancing economic ties. The recent formation...
The geopolitical landscape of the Middle East, particularly concerning oil transportation, is entering a significant transformation. With rising tensions in Iran and the persistence of the Strait of Hormuz as a strategic chokepoint, Gulf nations are increasingly motivated to develop alternative routes for oil transport. Currently, around 15 million barrels of oil are shipped daily...
In a significant move to democratize access to real estate investment, Dubai’s PRYPCO MINT has announced a reduction in the minimum investment threshold for tokenised real estate to just Dh1,000. This decision is expected to broaden the appeal of digital property investments, allowing a greater number of investors to enter the market. Previously, the entry...
Blackstone, the world’s leading alternative asset management firm, is set to strengthen its presence in the United Arab Emirates with the opening of a new office in the Dubai International Financial Centre (DIFC). This strategic move marks the firm’s notable return to the emirate, aiming to capitalize on the region’s booming investment landscape and increasing...
Etihad Airways, the flagship carrier of the United Arab Emirates, has announced a strategic partnership with Africa World Airlines (AWA), a leading airline in Ghana. This collaboration aims to enhance connectivity through a comprehensive framework that includes codeshare agreements, interline services, cargo collaborations, and the integration of frequent flyer programs. This partnership signifies a substantial...
First Abu Dhabi Bank (FAB) has officially stepped into a strategic partnership as the exclusive banking ally for the UAE-India Start-Up Series 2.0. This initiative seeks to facilitate the entry and expansion of dynamic Indian start-ups into the UAE market, strengthening the existing economic relationship between the two nations. The UAE-India Start-Up Series, a platform...
In a rapidly evolving maritime sector, Waleed Altamimi, CEO of Emirates Classification Society (TASNEEF), emphasizes the importance of adaptability and strategic foresight. Under his leadership, TASNEEF has become a central figure in enhancing the maritime industry in the UAE, focusing on embracing technological advancements and regulatory changes that mold the future of shipping and maritime...
In a rapidly evolving maritime sector, Waleed Altamimi, CEO of Emirates Classification Society (TASNEEF), emphasizes the importance of adaptability and strategic foresight. Under his leadership, TASNEEF has become a central figure in enhancing the maritime industry in the UAE, focusing on embracing technological advancements and regulatory changes that mold the future of shipping and maritime...
Emirates NBD, the largest bank in Dubai based on assets, has announced a notable increase in its net profit for the first half of the year, thanks to substantial loan growth. The bank’s net profit reached AED 12.9 billion (approximately $3.5 billion) for the first six months of 2026, marking a 3% rise compared to...