#News

CBUAE raises interest rate as of September 22

CBUAE, Gulf central banks raise interest rates following US Fed rate hike

The US Federal Reserve raised its benchmark interest rate by three-quarters of a percentage point to a range of 3 to 3.25 per cent on Wednesday

Plane crashes in Nepal with 22 aboard, all bodies recovered

Of those on board, 13 were citizens of Nepal, while four others were Indians and two were Germans

uae jordan egypt industrial partnership

UAE, Egypt and Jordan agree on $10bn industrial partnership investment fund

The five areas that the three countries will cooperate on include food, agriculture and fertilisers; pharmaceuticals; textiles; minerals and metals; and petrochemicals

damac properties us miami

Dubai’s Damac Properties makes US entry by winning $120m bid in Miami

The property in the Miami neighbourhood of Surfside will offer residents direct beach frontage and access to South Beach and Bal Harbour

RTA-bus-dubai

Dubai’s RTA resumes 4 intercity bus services, launches new intra-city route

The F38 service which will begin operation on May 19 will connect Jumeirah Golf Estates Metro Station to Dubai Sports City

emirates hiring

Dubai’s Emirates confirms it is on a major cabin crew recruitment drive

The airline said that it is hiring candidates in 30 cities from now until the end of June

UAE announces 319 new Covid-19 cases, 344 recoveries

No Covid19-related deaths were recorded over the previous 24 hours

Landmarks Of The City Of Riyadh, Kingdom Of Saudi Arabia

Saudi Arabia posts $15bn surplus on soaring oil income

The boost was mainly driven by oil revenue, which rose 58 per cent compared to last year

Saudi Aramco

Saudi Aramco’s profit soars as oil prices and production jump

Aramco’s output averaged 10.2 million barrels a day between January and March, up 20 per cent year-on-year

unemployment benefits

UAE’s unemployment benefits scheme applicable to all public and private sector employees

The Ministry of Human Resources and Emiratisation will play a central role in this scheme to protect labour rights

Uk visa

UK to waive visa requirement for Saudi, Bahraini nationals from June 1

They will need to fill out an online visa waiver application which will be processed within 48 hours and at a cost of GBP30

union properties

Shareholders of Dubai developer Union Properties approve continuity of company

The company board affirmed its support for legal action against the previous management

Expo 2020 dubai sme

Expo 2020 Dubai awarded SMEs contracts worth Dhs6.8bn

It represents over a quarter of all Expo 2020 Dubai contracts in terms of value

damac metaverse

UAE’s Damac Group to invest $100m in metaverse project

Damac has established a new division called D-Labs which is led by Ali Sajwani and dedicated to the metaverse initiative

MenaTech magazine

MenaTech launches Arabic tech and business magazine

MenaTech Magazine aims to be a dependable Arabic source for the latest trends in technology, and a hub of innovation for the region’s tech community

Eid holidays

Eid Al Fitr 2022: Holidays declared for private sector employees in UAE

They will either receive a four- or five-day weekend contingent on the sighting of the moon which will indicate the end of Ramadan

Abu Dhabi

Non-oil contribution to UAE’s GDP reaches 72.3% in 2021

The non-oil contribution to the country’s GDP in 2020 stood at 71.3 per cent

UAE Tourist Visas

UAE rolls out comprehensive changes to visa regime for residents and tourists

The UAE Cabinet has announced expanded eligibility criteria for Golden Visas, outlined conditions under which Green Visas can be obtained and also introduced new self-sponsored visas for visitors

Ukraine uae

Ukrainians in UAE offered one-year residency visas

They need to approach Tasheel service centres in the country to avail of the permit

Dubai Courts

New dedicated court in Dubai to handle inheritance cases whose value exceeds Dhs500,000

The entire litigation process and ruling must typically be executed within 12 months of the case being filed

Doha world cup qatar

Hayya Card mandatory for all visitors to Qatar during the 2022 FIFA World Cup

At the moment, the card is only being issued to those who have a ticket for the tournament

Dubai Airport

Covid-19: Travel ban to be lifted for unvaccinated Emiratis in UAE

Also, unvaccinated individuals under the age of 16 no longer need to undergo a Covid-19 PCR test on arrival in the UAE

grocery

UAE approves new mechanism to control price increase of essential commodities

Prior approval is required from the Ministry of Economy by any supplier if they wish to raise prices of certain products

uae Adnoc

UAE’s ADNOC L&S to acquire two new-build LNG vessels built in China

Each vessel will have a capacity of 175,000 cubic metres – enough to power 45,000 homes for a year

Eid Al fitr 2022 uae

Revealed: Likely date for Eid Al Fitr 2022 in UAE

Ramadan is predicted to extend for 30 days this year

Dubai

Dubai issued 24,662 new business licences in Q1 2022, up 58% y-on-y

Fifty-seven per cent of the new business licences issued were under the professional category and 43 per cent were commercial

UAE’s GDP grows 3.8 per cent in 2021, beating international expectations

Its GDP reached Dhs1.489tn at current prices, with the growth rate for 2021 reported to be the highest in the region

Abu Dhabi

UAE: Foreign direct investment inflows grew 3.9% in 2021 to Dhs76bn

The UAE aims to attract Dhs550bn worth of foreign investments to the country by 2030

Abu Dhabi

Abu Dhabi’s non-oil real GDP grew 4.1% in 2021

Non-oil activities contributed 49.7 per cent of the GDP at constant prices last year

UAE residence visas

UAE: Residents to no longer get visa stickers in passports

The Emirates ID card issued to all foreigners residing in the UAE will instead serve as the alternative to proving their residence status within the country