Malaysia, UAE to start talks on economic partnership

  Malaysia and the United Arab Emirates have agreed to launch negotiations towards a comprehensive economic partnership agreement, Malaysia’s trade ministry said on Tuesday. The agreement will be mutually beneficial and cover trade in goods and services, investments, economic cooperation, the ministry said in a statement.             Reuters News

UAE one of most important Arab countries investing in Malaysia: Al Jarwan

Jamal Saif Al Jarwan, Secretary-General of the UAE International Investors Council (UAEIIC), said that the UAE is one of the most important Arab countries investing in Malaysia, as many Emirati companies own stakes in various investment projects in Malaysia. Al Jarwan told the Emirates News Agency (WAM) that the UAEIIC is keen to explore prospects […]

ADIB to provide instant account opening for SMEs

Abu Dhabi Islamic Bank (ADIB) has become the first bank in the UAE to provide small and medium-sized enterprises (SMEs) with convenient remote account opening services through a mobile app by deploying Emirates Face Recognition (EFR) technology. This new feature will allow businesses to apply for a business account without the need to visit a […]

Air Arabia launches new route to Samara in Russia

Air Arabia today announced the launch of its fifth new Russian route, Samara. The new flights between Sharjah International Airport and Kurumoch International Airport in Russia will operate three flights weekly, starting from 1st October, 2023. “We are glad to announce the launch of our new route to Samara, which further expands our footprint in […]

UAE-based diagnostics firm TGT to establish technology hub in Abu Dhabi

UAE-based TGT Diagnostics, which provides well diagnostics to the hydrocarbons industry, announced that it will build a new technology hub in Abu Dhabi. The company has signed an agreement with Khalifa Economic Zones Abu Dhabi (KEZAD Group) for the new facility, it said in a press statement. The facility, which is being set up at […]

Tadweer rolls out larger-capacity green containers to enhance recycling in Abu Dhabi

Abu Dhabi Waste Management Company (Tadweer) has announced a new initiative aimed at improving waste segregation and promoting recycling practices throughout the Emirate. To address the challenges of waste segregation, Tadweer’s new strategy includes the rollout of new, larger-capacity green recycling containers in defined, central locations. Green recycling containers are designated for recyclable materials only, […]

Abu Dhabi Global Market continues epic journey as fastest-growing IFC in region

Abu Dhabi Global Market (ADGM) is continuing to reinforce its position as a global hub for businesses looking to expand their operations in the region. ADGM’s rapid progress and achievements in just 8 years of operations have made it the fastest-growing international financial centre (IFC) in the MENA region in terms of numbers as well […]

Abu Dhabi apartment rents fall marginally in year to Q1 2023

Abu Dhabi’s average apartment rents dropped by 0.7% in the year to March 2023 while villa prices grew by 1.1%. CBRE’s UAE Real Estate Market Review for Q1 2023 showed that sales prices for both apartments and villas increased during the year, by 1.4% for apartments and 1.6% for villas. The number of off plan […]

Masdar plans huge increase in clean energy capacity

  Abu Dhabi Future Energy Company (Masdar) has announced that it has nearly doubled its clean energy capacity and CO2 displacement in just two years and is on track to fulfil its ambition of becoming one of the world’s largest renewable energy companies by 2030. According to the company’s Sustainability Report, Masdar achieved a clean […]

UAE: ADDED, ADIB to facilitate digital business banking account opening

  Abu Dhabi Department of Economic Development (ADDED) has signed a Memorandum of Understanding (MoU) with Abu Dhabi Islamic Bank (ADIB) to jointly offer bank account opening procedures for investors and business licence owners issued by ADDED, facilitating business in Abu Dhabi. The collaboration between the two parties aim to simplify and expedite the process […]