First Abu Dhabi explored offer for Standard Chartered
First Abu Dhabi Bank, the UAE’s largest lender, said it had considered making an offer for the emerging markets-focused Standard Chartered listed in London. “First Abu Dhabi Bank confirms that it had previously been at the very early stages of evaluating a possible offer for Standard Chartered, but as of the date of this announcement, […]
Burj Khalifa sales grow 16% as Dubai’s tallest tower turns 13
Dubai’s Burj Khalifa moved into adolescence in 2022 with a different type of growth spurt for the world’s tallest building. The architectural icon celebrated turning 13 by announcing a sweet 16% increase in residential sales. Property giant Knight Frank said 94 apartments were sold in the tower in 2022, valued at AED 477 million ($130 […]
AD Ports forms JV for services in Caspian, Black Sea
Abu Dhabi-based AD Ports Group, a leading facilitator of global trade, has signed an agreement with Kazmortransflot (KMTF), to launch a joint venture (JV) to provide offshore and shipping services for energy companies in the Caspian and Black Seas. The JV is 51 percent owned by AD Ports Group and 49 per cent owned by […]
Etihad Cargo expands capacity offering to US
Etihad Cargo, the cargo and logistics arm of Etihad Aviation Group, will further reinforce its commitment to the US market with the introduction of an additional three weekly flights to John F. Kennedy International Airport (JFK) from April 24, 2023. The additional flights will bring Etihad Cargo’s total cargo capacity to over 600 tons out […]
Uber partners with Dubai Airport to facilitate visitor influx in tourist season
Uber on Tuesday announced a strategic partnership with Dubai Airports, to improve riders’ on-ground commute experience when arriving in Dubai. The partnership comes in preparation to meet the growing operational needs in Dubai, as tourist arrivals in the city peak this winter. Uber has also launched its latest innovative travel feature, Smart Itineraries. Once riders […]
Sheikh Mohammed announces 5 top priorities for UAE in new year 2023
The UAE has announced five priorities for the government in 2023. This came as His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, chaired the first Cabinet meeting of the new year. Taking to Twitter, Sheikh Mohammed outlined the five priorities: National identity and its […]
KPMG delivers $35bln global revenues, 14% growth in FY22
KPMG International has announced strong annual aggregated revenues for its firms globally of $35 billion for the fiscal year ending September 30, 2022 (FY22), an increase of 14%. The aggregate revenue of KPMG member firms in the Middle East, South Asia, and Caspian (Mesac) grew by 18.3% in local currency terms for FY22, more than […]
Foreign investor demand to drive Dubai property prices, rents higher in 2023
Continued demand and interest from high-net-worth individuals (HNWIs) and foreign investors will keep property rents in Dubai high in 2023, according to a new report. Property prices in the emirate are expected to increase by as much as 20% on average, while the luxury segment will continue to dominate, with 13.5% year-on-year growth in 2023, […]
Dubai: Long-term residents buying more and more properties thanks to Golden Visa
Residents living in Dubai for decades are buying more and more properties as new visa regime initiatives, such as the Golden Visa, has given them strong confidence to buy a property and make the emirate their base. In addition, the successful handling of the coronavirus pandemic by the emirate is also encouraging a large number […]
UAE’s football fans to cheer, power Morocco to win over France in World Cup semi-final
The stage is set for a spectacular World Cup semi-final, and football fans in the UAE will be whole heartedly cheering for Morocco as the ‘Atlas Lions’ take on defending champions France on Wednesday night. Morocco became the first ever African-Arab nation to come this far in the tournament, and on their way, they stunned […]