Author: UPPERNEWS TEAM (UPPERNEWS TEAM)

Abu Dhabi Introduces New Regulations for Endowment Institutions
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Abu Dhabi Introduces New Regulations for Endowment Institutions

The Abu Dhabi Department of Economic Development (ADDED), in partnership with The Endowments and Minors’ Funds Management Authority (Awqaf Abu Dhabi), has announced a new resolution for the establishment and licensing of endowment institutions in Abu Dhabi. This resolution marks a significant advancement in enhancing endowment structures and supports the sustainability of family-owned businesses while...

Over AED 63 Billion in Housing Benefits Granted in Abu Dhabi Over Five Years
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Over AED 63 Billion in Housing Benefits Granted in Abu Dhabi Over Five Years

The total value of housing benefits granted in the Emirate of Abu Dhabi over the past five years has exceeded AED 63 billion. This significant amount reflects the government’s commitment to enhancing social welfare and providing adequate housing support to its citizens. According to the Department of Community Development in Abu Dhabi, these benefits have...

Dh114 Million Compensation for Unemployed Workers in UAE
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Dh114 Million Compensation for Unemployed Workers in UAE

The Ministry of Human Resources and Emiratisation (MOHRE) announced that by the end of 2024, 83% of the targeted private sector workforce was covered by the Unemployment Insurance Scheme. This innovative scheme is designed to protect workers against job loss by providing them with monthly cash compensation based on their basic salary as noted in...

UAE Engages with EU to Combat Financial Crimes
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UAE Engages with EU to Combat Financial Crimes

The United Arab Emirates (UAE) is set to engage in high-level discussions with the European Union to support a global initiative aimed at addressing money laundering and other financial crimes. This meeting signifies the UAE’s commitment to enhancing international cooperation in combating financial offenses. Hamid Al Zaabi, the secretary general and vice chairman of the...

Bank of Sharjah Arranges US$155 Million Loan for Daewoo Engineering
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Bank of Sharjah Arranges US$155 Million Loan for Daewoo Engineering

Bank of Sharjah has successfully acted as the Mandated Lead Arranger and Bookrunner for a US$155 million Club Loan Facility for Daewoo Engineering & Construction Co Ltd. This announcement was made on February 16, 2025, highlighting the bank’s role in facilitating significant financial arrangements The loan is structured as a three-year facility and has been...

Idex 2025 Set to Attract Over 150,000 Visitors in Abu Dhabi
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Idex 2025 Set to Attract Over 150,000 Visitors in Abu Dhabi

Abu Dhabi is gearing up to host the Middle East’s largest defense expo, Idex 2025, from February 17 to 21. The event is expected to draw more than 150,000 visitors, including domestic and international defense companies showcasing their latest technologies and innovations. As the expo approaches, anticipation is building among military firms and attendees alike....

Wynn Resorts CEO Predicts $3-5 Billion Gaming Market in UAE
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Wynn Resorts CEO Predicts $3-5 Billion Gaming Market in UAE

Wynn Resorts CEO Craig Billing is optimistic about the UAE’s gaming market, projecting it could grow to between $3 billion and $5 billion (Dh11 billion to Dh18.35 billion) in the coming years. During a conference call discussing the company’s fourth-quarter financial results, Billing described the UAE as the “most exciting” new market for the gaming...