Business News

The inaugural Healthcare Future Summit will be hosted by Dubai from December 6 to 8 featuring the world's leading specialists and providers.

The port’s proximity to Dubai International Airport (DXB) and the heart of the emirate make it an ideal choice as passengers can get easy access to key locales, which has helped it take home the award, once again, at the World Travel Awards 2020.

Britain will impose a new competition regime next year to prevent Google and Facebook using their dominance to push out smaller firms and disadvantage consumers.

Flydubai's first scheduled commercial flight to Israel landed at Tel Aviv Ben Gurion International Airport on Thursday to a water salute.

The agreement, which is the first of its kind for the UAE and Israel, will enable DIFC to further support the Emirates in facilitating economic growth from the technology and innovation sectors.

Abu Dhabi-based Al Dahra Holding Company has signed a strategic partnership with the Israeli firm, Watergen to produce water from the air.

Walt Disney Co said it would layoff 32,000 workers, primarily at its theme parks, an increase from the 28,000 it announced in September as the company struggles due to the coronavirus pandemic.

Dubai Customs have launched an initiative offering 80 per cent discount on fines for customs cases and violations detected or committed before March 31, 2020.

The professional services firm, PwC has opened its new regional office in Downtown Dubai.

Emirates Airline on Wednesday announced it had returned AED 6.3 billion to passengers after they were forced to cancel travel plans due to the pandemic. 

The Government of Dubai is taking further steps to shift all payment transactions in the emirate to cashless platforms.

DP World’s flagship Jebel Ali Port has received a container carrying an export shipment from Israel via the Ashdod Port.

Etihad Airways has partnered with IT firm SITA to trial the use of facial biometrics to check-in cabin crew at Abu Dhabi International airport.

Australia's Qantas will insist in future that international travellers have a COVID-19 vaccination before they fly, describing the move as "a necessity".

The UAE's President His Highness Sheikh Khalifa bin Zayed Al Nahyan has approved amendments to the country's Commercial Companies Law, allowing foreign nationals full ownership of companies.

The UAE's Minister of State for Financial Affairs, Obaid Humaid Al Tayer, says the global economic outlook is uncertain as a result of the second wave of COVID-19.

The expanded golden residency visa scheme will accelerate economic growth and productivity in Dubai, in addition to enhancing the emirate’s attractiveness as a preferred place to live and work.

Emirates Airline will provide an expanded multi-risk travel insurance cover to passengers on top of its current COVID-19 coverage.

Ras Al Khaimah International Airport is opening up for more connections, with preparations underway to establish Mumbai as the Indian carrier's latest service to the emirate.

The UAE's General Civil Aviation Authority (GCAA) has established a committee to assess the return of the Boeing 737 MAX aircraft.

The Supreme Petroleum Council (SPC) has announced new onshore discoveries of non-conventional, recoverable oil resources in Abu Dhabi, estimated at 22 billion barrels.

SpiceJet is starting a new service from Delhi to Ras Al Khaimah International Airport on Thursday, November 26.

Latest figures from the Department of Culture and Tourism (DCT Abu Dhabi) show hotel revenues have gone up by 46 per cent in the third quarter.

Dubai International Financial Centre (DIFC), has entered into an agreement with Bank Hapoalim, one of Israel’s largest banks.

Her Excellency Mona Al Marri, Vice Chairperson and Managing Director of the Dubai Media Council and Director General of the Government of Dubai Media Office, said the UAE has become a global leader in adopting industrial revolution (4IR) technologies to prepare for multi-dimensional changes that they will see in every sector.

A gymnasium located on Sheikh Zayed Road in Dubai has been closed down for violating regulations put in place to curb the spread of COVID-19.

Dubai Customs handled 688,201 duty refund transactions valued at AED 4.6 billion in the first nine months of 2020.

Walmart, Best Buy and hundreds of smaller retailers are bolstering their online gift features, hoping to challenge Amazon.com Inc's dominance as a seller of holiday gifts to homebound shoppers.

Exhibitions and events companies in Ras Al Khaimah can look forward to a 50 per cent reduction in trade licence renewal fees and fines.

El Al Israel Airlines and Etihad Airways have inked a new deal that will explore codesharing and frequent flyer programmes between Abu Dhabi and Tel Aviv.

In a first for the region, Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FSRA) and the Israel Securities Authority (ISA) have signed a financial technology cooperation agreement.

The volume of non-oil trade exchange between the emirate of Abu Dhabi and Oman reached AED 23.67 billion during the past five years.

As Oman celebrates its 50th National Day, the UAE's Ministry of Finance has sent its congratulations and highlighted the nations' strong economic partnership.

Emirates Airline is expanding the deployment of its popular A380 aircraft on routes to the UK and Russia.

For the second consecutive year, Ras Al Khaimah has been named the Gulf Tourism Capital.

Air Arabia Abu Dhabi has started services to Muscat.

UAE Minister of State for Entrepreneurship and SMEs, Dr Ahmed Belhoul Al Falasi, has held wide-ranging talks with the UK Minister for Business, Energy and Industrial Strategy.

The Central Bank of the UAE (CBUAE) has announced the extension of the applicability period of the key components of its economic stimulus package until June 30, 2021.

Riding on the success of the first China-UAE Economic and Trade Digital Expo in July 2020, Hala China has announced the Chinese Digital Culture Exhibition Week in the UAE.

The GCC region's largest Global Gold Convention (GGC) will be held in Dubai later this month, bringing together industry leaders and government officials under one platform.

Etihad Airways will begin daily services between Abu Dhabi and Tel Aviv from March 28, 2021.

Emirates has been rated the safest airline in the world in its response to the COVID-19 pandemic.

UAE has been ranked among the top three Islamic economies by the Global Islamic Economy Indicator (SGIE) 2020-2021.

Consumer complaints have gone up by 39 per cent in Dubai during the third quarter of 2020.

A freelance licensing system has been introduced in Abu Dhabi for 48 different types of economic activities.

Emirates Airline is expanding connections in South Africa following an interline agreement with FlySafair.

Expo Centre Sharjah has announced the launch of the first edition of 'Jewels of Emirates' show.

The UAE’s nation brand has been valued at $ 672 billion by Brand Finance. This was stated by the world's leading independent brand valuation and strategy consultancy in the 2020 iteration of the Nation Brands report.

The UAE has moved up the ranks to enter the top 10 most influential countries rankings on the FutureBrand’s latest Index.

The Emirates Group has announced its half-year results for the 2020-21 financial year.

Three Israeli carriers are gearing up to launch direct air services between Dubai and Tel Aviv in December.

The Abu Dhabi National Oil Company (ADNOC) and TOTAL have announced the delivery of the first unconventional gas from the UAE.

Etihad Airways has announced a 49-hour National Day sale where customers can book a ticket with a deposit of AED 49 and pay nothing until 21 days before their trip.

Passengers flying flydubai can now bid for a Business Class upgrade. 

A high-ranking Israeli delegation has been visiting the Dubai Airport Freezone Authority (DAFZA).

The Abu Dhabi Investment Office (ADIO) has announced individual partnerships with Pure Harvest, FreshToHome and Nanoracks worth AED 152 million.

The UAE collected AED 11.6 billion in Value Added Tax (VAT) revenue during the first eight months of this year.

The Abu Dhabi Department of Economic Development has announced an expansion of its measures to support the private sector during the COVID-19 pandemic, to benefit selected businesses.

The world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, DMCC, has announced the official opening of a representative office in Shenzhen, China.

Virgin Hyperloop made history today as first passengers successfully travelled in a super-high-speed levitating pod.

Apple on Tuesday launched the iPhone 12 with faster 5G connectivity, which the company hopes will spur a wave of upgrades and keep its sales booming through the end of the year.