The United Arab Emirates has announced an expansion of its visa-on-arrival policy, allowing Indian nationals with valid residence permits from several countries to enter the UAE without prior visa arrangements. This new policy applies to residents of countries including the United States, United Kingdom, European Union nations, Australia, Canada, Japan, New Zealand, South Korea, and...
As international travel increases during the summer holidays, RAK Hospital is advising travelers, especially those with chronic health conditions, to consult their doctors prior to embarking on long flights. This advice follows a recent emergency case where a male patient developed a pulmonary embolism (PE), a serious blood clot in the lungs, shortly after returning...
The UAE Banks Federation (UBF) has announced that Dubai will host SIBOS 2029, an annual conference and networking event organized by the Society for Worldwide Interbank Financial Telecommunication (SWIFT). This selection underscores global confidence in the UAE’s prominent position in the financial and banking sector, as well as its critical role in advancing the payments...
Qatari Emir Sheikh Tamim bin Hamad Al Thani met with King Felipe VI of Spain on Sunday at the Royal Palace in Seville. This meeting took place during a dinner banquet honoring heads of state and government attending the 4th International Conference on Financing for Development (FfD4), organized by the United Nations. The Qatar News...
PIMCO, a global leader in active fixed income, has announced a new partnership with Aditum Investment Management Limited, an independent asset management company located in the Dubai International Financial Centre (DIFC). This collaboration will enable the availability of two of PIMCO’s Income investment strategies to wealth investors in the United Arab Emirates (UAE) through Aditum...
Starting in July 2025, the United Arab Emirates will implement significant regulatory and lifestyle changes that will impact residents, businesses, and government employees across various emirates. These updates, which include new visa agreements, Emiratisation deadlines, remote work policies, and health regulations, aim to enhance governance and public safety during the hot summer months while improving...
CVC DIF and Tabreed have formed a strategic partnership to acquire PAL Cooling Holding from Multiply Group for $1.03 billion. This deal underscores their commitment to investing in sustainable solutions in the Gulf region. The acquisition focuses on district cooling, an industry that is gaining traction due to the UAE’s extreme temperatures and the efficiency...
Royaloak Furniture, one of India’s largest organized furniture retail chains, has announced its entry into the UAE market as part of a broader international expansion strategy. With over 15 years of operational history and a customer base exceeding 5 million, the brand has opened three stores in the UAE—located in RAK Mall (Ras Al Khaimah),...
UAE banks are increasingly looking beyond their borders as they face domestic challenges and shifting interest rates, prompting them to pursue international growth opportunities. Leading Emirati banks are strategically expanding abroad to address local difficulties, such as early government repayments and pressure on net interest margins. For instance, Abu Dhabi Islamic Bank increased its exposure...
The National Bank of Ras Al Khaimah (RAKBANK) has announced a mandate for a $300 million fixed rate resettable unrated USD-denominated Regulation S Perpetual non-call 6-year additional tier 1 capital issuance, contingent upon market conditions. The bank holds ratings of Baa1 (Positive) from Moody’s and BBB+ Stable from Fitch. Several banks have been appointed to...