The Central Bank of the United Arab Emirates (CBUAE) has released comprehensive guidelines for residents seeking compensation for damaged, torn, or incomplete banknotes. As the regulatory authority overseeing the banking and insurance sectors, the CBUAE aims to promote financial stability and consumer protection. The guidelines ensure that compensation is distributed fairly, adhering to strict verification...
The World Utilities Congress 2025 is set to officially commence tomorrow at the Abu Dhabi National Exhibition Centre (ADNEC). This significant event is held under the patronage of H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, who is the Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. Credit:...
Transamerica Life Bermuda, a global high-net-worth life insurer, has officially launched its business in the Dubai International Financial Centre (DIFC) following the approval of its operating license by the Dubai Financial Services Authority (DFSA). This move is part of the company’s strategy to expand its global reach. Adnan Ladki has been appointed as the Head...
Dubai Airports has significantly expanded its autism-inclusive training program, successfully training 45 000 employees. This initiative encompasses the entire airport community, including partners and stakeholders, aiming to foster an environment that accommodates individuals with autism. Credit: MSN The program is designed to promote greater awareness and understanding of autism within the airport setting. By equipping...
The Port of NEOM has reached a significant milestone in its development by receiving Saudi Arabia’s first fully automated, remote-controlled cranes. This advancement is a crucial step toward establishing the port as one of the world’s most advanced and sustainable trade hubs, as it prepares for the opening of Terminal 1 by 2026. The arrival...
DMCC, recognized as the leading international business district that facilitates global trade through Dubai, has officially commenced construction on the W Residences Dubai – JLT. This endeavor is in collaboration with Signature Developers and Marriott International. The groundbreaking ceremony marks a significant milestone in the development of luxury residences within the emirate. Credit: WAM The...
Saudi Arabian companies have successfully raised approximately $3 billion through new share sales this year, positioning the nation as one of the leading markets for initial public offerings (IPOs) globally. This substantial influx of capital highlights the growing investor interest in the region, despite a backdrop of challenges that could impact future performance. However, recent...
Saudi Arabia’s Ministry of Municipalities and Housing has announced a new mandatory home delivery permit service for both food and non-food delivery businesses, set to take effect on July 1, 2025. This initiative is designed to enhance consumer confidence and improve the overall quality of life within the Kingdom. The permits will be issued through...
UAE residents planning trips to India can take advantage of a new ‘flash sale’ announced by Air India Express. The budget airline has significantly reduced fares for flights between the UAE and India for a limited period, with prices starting as low as ₹5 786 (Dh247.7) for Xpress Lite fares. The ‘Flash Sale’ includes discounted...
Nearly half of the entrepreneurs in the UAE do not have succession plans in place to ensure their businesses are passed on to the next generation, according to a recent report by HSBC. The study reveals that 48% of businesspeople in the Emirates lack such plans, which is only 5% lower than the global average....