2.52 million new loans and credit cards in 2023: DG of Al Etihad Credit Bureau
The number of bank loans and credit cards issued by banks and financial institutions operating in the country increased by 3% during 2023 to reach 2.52 million contracts (loans and credit cards), compared to 2.44 million contracts in 2022, according to Marwan Ahmed Lutfi, Director General of Al Etihad Credit Bureau (AECB). In statements to […]
ADIO expands Abu Dhabi’s trade links with Western Australia
The Abu Dhabi Investment Office (ADIO) has signed a collaboration Letter of Intent with Western Australia’s (WA) Department of Jobs, Tourism, Science and Innovation to accelerate growth across shared areas of economic interest. The collaboration is part of a series of strategic ADIO initiatives to drive greater private sector opportunities through strengthened relations with Australia. […]
More than 15,000 new Indian companies joined Dubai Chamber of Commerce in 2023 representing year-over-year growth of 38%
A recent analysis by Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that Indian investors topped the list of nationalities of new non-UAE businesses joining the chamber last year. A total of 15,481 new Indian-owned companies became members in 2023, representing year-over-year (YoY) growth of […]
DEWA reduces carbon emissions by 92.5 million tonnes between 2006 and 2023 due to improvements in production efficiency
HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), has revealed that DEWA made a significant achievement in improving electricity and water production efficiency, with a 41.73% increase in 2023 compared to 2006. This equates to a cumulative reduction of 92.5 million tonnes of carbon dioxide emissions between 2006 […]
Emirates SkyCargo is now live on cargo.one
Cementing its presence on three of the biggest digital marketplaces for air freight logistics, Emirates SkyCargo is now live on cargo.one. The partnership underscores Emirates SkyCargo’s long standing commitment to implementing digital solutions that streamline operations, drive efficiencies and unlock value for its global customer base. Bolstering its advanced and customer-centric digital distribution strategy, partnering […]
Maktoum bin Mohammed commends progress and initiatives of Dubai Securities and Exchange Higher Committee
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE and Chairman of the Dubai Securities and Exchange Higher Committee, chaired a meeting of the Committee. During the meeting, His Highness received a comprehensive briefing on the past achievements and […]
Mohammed bin Rashid issues Law establishing the Dubai Community Contributions Establishment
In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued Law No. (3) of 2024 establishing the Dubai Community Contributions Establishment. According to the Law, the new establishment has been designated as a non-profit private organisation dedicated to promoting social […]
UAE President, VPs congratulate leaders of Arab, Islamic nations on advent of Ramadan
President His Highness Sheikh Mohamed bin Zayed Al Nahyan, sent congratulatory messages to the Kings, Emirs, and Presidents of Arab and Islamic nations, on the advent of the Holy Month of Ramadan. His Highness Sheikh Mohamed wished the leaders and their people continued good health and well-being, and further progress and prosperity for Arab and […]
Dubai Taxi partners with ENOC to provide refueling services for its fleet
Dubai Taxi Company (DTC), a leading provider of comprehensive mobility solutions in Dubai, has signed a strategic partnership with ENOC Group to equip its extensive fleet of 7,800 vehicles with mobile, secure, and automated refuelling services. The collaboration is set to enhance the operational efficiency of the fleet, optimize costs, deliver comprehensive data, and develop […]
Jafza continues to fuel growth of India-UAE trade as second cepa anniversary nears
Jebel Ali Free Zone (Jafza) is emerging as the powerhouse driving the unprecedented growth of India-UAE trade, with a 28% year-on-year surge in new Indian businesses setting up in the trade and logistics hub. DP World’s flagship economic zone has seen 190 new companies from India established in 2023, bringing the total number of Indian […]