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UAE Maintains Strong Position in Global Gold Jewellery Market Despite Consumption Drop

Dubai, UAE – The UAE continues to rank as the world’s fifth-largest market for gold jewellery demand, despite a notable decrease in consumption over the past year. The persistent allure…

Navigating the Future: UAE’s Transformative Shift towards Hybrid Work Models

The UAE’s evolving work landscape is witnessing a significant shift towards hybrid work models, blending remote and office-based work, according to Jayant Paleti, Co-Founder of Darwinbox, a human capital management…

New Direct Flights from Fujairah to Cairo Announced

Fujairah International Airport has unveiled plans for direct flights connecting the emirate to Cairo, Egypt’s capital, starting in July. This initiative, facilitated through a partnership between Fujairah Airport and Egypt’s…

‘Dubai Mangroves’ Project Plans to Transform Coastline with 100 Million Trees

A transformative project named ‘Dubai Mangroves’ aims to blanket the Emirate’s coastline with lush greenery by planting over 100 million mangrove trees. Spearheaded by sustainable cities developer URB, the project…

UAE Insurance Premiums Surge by Up to 30% Following Unprecedented Rains

In the aftermath of the historic rainfall experienced in mid-April, insurance companies in the UAE have escalated premiums by as much as 30%, responding to the surge in claims for…

Adnoc Logistics & Services Approves $130 Million Dividend Amidst Strong Financial Performance

Shareholders of Adnoc Logistics & Services Plc (Adnoc L&S) have greenlit the final 2023 dividend, amounting to $130 million (Dh477 million), equivalent to 6.45 fils per share. The dividend, approved…

McDonald’s Quarterly Profits Rise Despite Middle East Conflict Impact

McDonald’s Corporation announced a notable uptick in quarterly profits despite grappling with the ongoing repercussions of conflict in the Middle East. The fast-food giant’s financial report for the quarter underscored…

ADNOC Group to Deploy Over 500 New Electric Vehicle Chargers Across the UAE

In a significant move towards sustainable transportation infrastructure, ADNOC Group has announced plans to install more than 500 new fast and superfast electric vehicle (EV) chargers across the UAE in…

UAE to Announce May Petrol Prices Amid Global Rate Alignment

The UAE is set to reveal petrol prices for May 2024 on Tuesday, aligning them with global rates as fluctuations in oil prices continue to impact local markets. With global…

Abu Dhabi Airports Reports Over 35% Surge in Passenger Traffic in Q1 2024, Driven by Strong Global Demand

Abu Dhabi Airports, the operator of five airports in the emirate, has announced a significant surge in passenger traffic during the first quarter of 2024, reflecting a remarkable increase of…