Abu Dhabi has introduced the Abu Dhabi Registration and Licensing Authority (ADRA) to enhance the emirate’s business environment. The new authority, launched on Monday, aims to regulate business activities, streamline licensing, and support compliance with applicable laws across Abu Dhabi and its non-financial free zones. ADRA was established following a resolution from the Abu Dhabi...
His Highness Sheikh Abdullah bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of Foreign Affairs, hosted His Excellency Dr. Abdulla Khalil, the Foreign Minister of the Maldives, in Abu Dhabi today. The leaders discussed ways to deepen relations between the two countries, focusing on areas such as the economy, trade, investment, renewable energy,...
Mashreq Bank has completed the sale of a majority stake in its digital payments platform, Neopay, for $385 million. A consortium formed by Turkey-based DgPays and Bahrain’s Arcapita Group Holdings Limited led the acquisition. While the majority stake is now owned by the consortium, Mashreq still holds a significant minority share. The bank emphasized its...
His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, met with Muhammad Shehbaz Sharif, Prime Minister of Pakistan, on Sunday in Rahim Yar Khan, Pakistan. The two leaders discussed ways to enhance cooperation between their countries, particularly in economic, trade, and development sectors. The meeting emphasized the strong historical ties between the...
AD Ports Group wrapped up 2024 with significant achievements, including global expansion, infrastructure upgrades, and strong financial performance. One of the year’s highlights was the inauguration of CMA Terminals Khalifa Port, which increased the port’s capacity by 23%, reinforcing its status as a key global commercial hub. Vehicle traffic at Khalifa Port’s Autoterminal also surged...
Small businesses across the UAE are increasingly adopting digital payment apps to cater to customers who don’t carry cash, moving away from traditional cash transactions. These apps have emerged as a practical alternative to costly point-of-sale (POS) machines, which require significant investment, recurring fees, and business qualifications that many small vendors cannot meet. Entrepreneurs like...
Abu Dhabi Global Market (ADGM) has introduced major reductions in commercial licence fees for non-financial and retail businesses starting 1st January 2025. The move is designed to make ADGM’s jurisdiction, which includes Al Maryah and Al Reem Islands, more attractive for businesses and entrepreneurs. Under the revised fee structure, non-financial businesses will see initial registration...
His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, met with His Excellency Ali Salem Al Dhaidi, the Consul General of Kuwait, on Thursday morning at Al Badee Palace. The visit marked the end of Al Dhaidi’s term in the UAE. During the meeting, His Highness welcomed the...
In Abu Dhabi, His Highness Sheikh Abdullah bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of Foreign Affairs, welcomed Ruben Ramirez Lezcano, the Foreign Minister of Paraguay, to discuss ways to strengthen the partnership between the two nations. The meeting focused on enhancing cooperation in economic, trade, and investment sectors. His Highness emphasized...
Emirates SkyCargo, the freight division of Emirates Airline, has expanded its operations by adding a dedicated weekly freighter service to Copenhagen Airport. This marks the 36th destination in the carrier’s growing network of freighter destinations. The Boeing 777 freighter will handle approximately 85 tonnes of cargo, catering to demand from Denmark, as well as neighboring...