UAE banks' investments surpassed AED 580 billion, hitting a record high in August 2023, according to the Central Bank of the UAE. The investment grew by 19.5 percent year-over-year to reach AED 585.4 billion by the end of August 2023, up AED 95.6 billion from AED 489.8 billion in August 2022.
Month: October 2023
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UAE: A significant player in renewable energy scene in UK
The UAE has reinforced its worldwide leadership by actively collaborating with international companies to implement renewable energy solutions and advanced technologies and support transformative efforts in the global energy sector.
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Danube Properties allocates real estate units worth AED25 million to support MBRGI programmes
Danube Properties announced it is allocating real estate units at a value of AED25 million in support of charity and humanitarian programmes carried out by Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI).
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Diplomatic Adviser to UAE President meets Canadian Foreign Minister in Abu Dhabi
Dr. Anwar Gargash, Diplomatic Adviser to the UAE President, met with Mélanie Joly, Minister of Foreign Affairs of Canada, to discuss means to further develop cooperation between the two friendly countries.
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ACX Abu Dhabi launches as world’s first regulated carbon exchange in ADGM
Dubai: ACX (AirCarbon Exchange) announced on Wednesday the launch of ACX Abu Dhabi, its exchange and clearing house in Abu Dhabi Global Market (ADGM). The platform has already conducted significant trades, signifying the initiation of the voluntary carbon markets (VCM) within this market.
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Sharjah-Italy Business Roundtable in Milan explores Innovation, industrial technology, sustainability
To explore investment opportunities and trade relations in sectors such as industry, business solutions, sustainability, and industrial technology, the Sharjah FDI Office (Invest in Sharjah) in partnership with EFG Consulting, an Italian consulting firm, organised the Sharjah-Italy Business Roundtable in Milan, Italy.
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All-electric Lotus Eletre hyper-SUV powers up Dubai audience on debut
The Lotus Eletre, the highly anticipated all-electric hyper-SUV from the British brand, has made its debut in the Middle East. The unveiling took place at a gala event in Dubai, where the covers were removed from the bright yellow vehicle (although other colors are also available).
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UAE Ranks Among Top 5 Countries for Highest Room Revenue in 2023: Global Hotel Alliance
UAE-headquartered Global Hotel Alliance (GHA), the world’s largest alliance of independent hotel brands, with 800 hotels across 40 brands in 100 countries, is experiencing a successful year in 2023. The room revenues, room nights, and total domestic and international stays year-to-date (YTD) have consistently surpassed the previous best year, 2019.
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Armenia Eases Visa Rules for UAE Tourists
Armenia has recently implemented changes to its visa regulations, making it easier for tourists from the UAE to visit the country. The government has simplified the visa requirements for Emiratis, allowing them to travel to Armenia without a visa for a period of up to 180 days within a year. This change also applies to individuals who hold UAE residency visas.
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Emirates welcomes UAE nationals to join its Aircraft Maintenance Engineer License
Emirates extends a warm invitation to UAE nationals to join its prestigious Aircraft Maintenance Engineer License (AMEL) Scholarship Programme. This esteemed programme, currently accepting applications, offers a pathway to various positions within the Emirates Group's aircraft maintenance departments.