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United Arab Emirates

Indoors, Person, Human

Israeli PM visits UAE, as countries eye $5bn in trade

Israeli Prime Minister Naftali Bennett visited the United Arab Emirates (UAE) on Thursday, where he met President His Highness Sheikh Mohamed bin Zayed Al Nahyan at Al Shati Palace. Bennett said he looked forward to working jointly with the UAE to expand cooperation between the two countries, and the peoples of the region, UAE state […]

The rate of job creation in the UAE has been insufficient to avoid constraints on business capacity

You just can’t get the staff: firms in race to meet demand

Businesses in the United Arab Emirates’ non-oil sector are struggling to recruit enough staff to keep up with rising demand. The latest monthly S&P Global UAE Purchasing Managers’ Index (PMI) reported that business activity was at a five-month high in May. “The rate of job creation was the fastest seen for seven months but was […]

  • Analysis

Delivery drivers deserve ‘a steady income’, say UAE operators

Motoboy, a Dubai-based delivery operator who entered the market in December last year, believes all drivers in the sector should be paid a fair wage and should not be expected to cover operating expenses for their employers. In early May, delivery drivers at Talabat, the Middle East unit of Germany’s Delivery Hero, and British operator […]

UAE Minister of Economy, Abdulla bin Touq Al Marri leads delegation to Morocco

UAE sends ministerial delegation to Morocco to boost trade

The United Arab Emirates’ minister of economy, Abdulla bin Touq Al Marri, will today lead a high level delegation to Morocco to discuss ways to boost bilateral investment between the two Arab countries. “The visit aims to promote cooperation between the business communities of the two countries and motivate the private sector and entrepreneurs to […]

Face, Person, Human

Crypto crash was ‘a blessing’, admits Sarwa founder

Should everyone own cryptocurrencies? “No, definitely not,” Mark Chahwan, co-founder of Sarwa, told AGBI exactly a week after the investing and personal finance platform introduced the option to trade cryptocurrencies. The firm said in a statement that Sarwa Crypto will offer commission-free trading of the world’s four most recognised cryptocurrencies – Bitcoin, Ether, Litecoin, and Bitcoin […]

UAE partners with Japan to drive low carbon tech

The UAE and Japan are partnering on economic and energy opportunities in a bid to drive global low-carbon technologies, including studying the development of a hydrogen supply chain between the two countries. Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, Special Envoy for Climate Change, and Abu Dhabi National Oil Company (Adnoc) managing […]

South Africa calls for swift extradition of Guptas from UAE

South Africa’s governing party on Tuesday called for the swift extradition of Rajesh and Atul Gupta to face the allegations against them in South Africa after they were arrested in the United Arab Emirates. The Gupta brothers are accused of using their connections to former South African president Jacob Zuma, in power from 2009 to […]

President Jacob Zuma

UAE arrests Gupta brothers, wanted in South Africa

The United Arab Emirates has arrested Rajesh and Atul Gupta, brothers who face charges of corruption in South Africa. Dubai Police confirmed the arrest on Twitter, posting on Tuesday that it had received an Interpol red notice for the brothers and was coordinating with the South African authorities “regarding the extradition file to complete the legal procedures”. South Africa’s Ministry of Justice and Correctional Services said […]

UAE economy’s growth for 2022 upgraded to 5.4%

The UAE economy is set to grow by 5.4 percent this year, driven by the country’s success in containing the economic impacts of the coronavirus pandemic, according to the Central Bank of the UAE (CBUAE). The figure is higher than the 4.2 percent real gross domestic product (GDP) growth estimate made by the bank in April. […]

Envirotainer products are used to deliver Covid vaccines from Australia to Jakarta, Indonesia

Mubadala and EQT fund to buy Sweden’s Envirotainer

Abu Dhabi state fund Mubadala and a fund managed by European buyout firm EQT have agreed to buy Envirotainer, a Swedish company that makes and leases cold containers for transporting temperature-sensitive healthcare products. Mubadala and the EQT X fund are buying the company from European buyout firm Cinven and Danish life-sciences investor Novo Holdings, Mubadala […]

Person, Human, Clothing

South Korean companies to build $1bn green hydrogen plant in UAE

Three South Korean companies have signed an agreement to build a $1 billion green hydrogen and ammonia production plant in the United Arab Emirates, their UAE partner said on Friday. Korea Electric Power Corporation, Samsung C&T Corporation and Korea Western Power, alongside the UAE’s Petrolyn Chemie, will build a plant that can produce up to […]

The Mall of the Emirates in Dubai. Owner Majid Al Futtaim Group is one of the few companies praised by a report into net zero targets

Beware the NFT bandwagon, crypto lawyer warns shoppers

As Gulf retail brands venture into non-fungible tokens (NFTs), customers need to be careful not to fall for fear-of-missing-out (FOMO) syndrome, and jump on the digital bandwagon without fully understanding what they’re buying into, a leading cryptocurrency and blockchain lawyer has said.  Her warning comes as Dubai-based retail giant Majid Al Futtaim (MAF) and blockchain […]

From Austria to the UAE: Monkeypox cases around the world

Over 20 countries where monkeypox is not endemic have reported outbreaks of the viral disease, with more than 300 confirmed or suspected infections mostly in Europe. The outbreaks are raising alarm because monkeypox, which spreads through close contact and was first found in monkeys, mostly occurs in west and central Africa, and only very occasionally […]

Formula One appoints Shaila-Ann Rao as new interim head

Shaila-Ann Rao, who was previously a special advisor to Mercedes team boss Toto Wolff, took over as interim head of Formula One at the governing FIA on Wednesday in place of departed Peter Bayer. The Paris-based FIA, which voted in Emirati Mohammed Ben Sulayem as president last December to succeed departing Frenchman Jean Todt, thanked […]

Streaming service Starzplay planning to go public

Starzplay Arabia, an Abu Dhabi-based streaming platform, expects to go public in the next two or three years, its chief executive said on Thursday. Starzplay is among the global and regional streaming players vying for a share of the burgeoning Middle East market, hoping to tap into the region’s large youth population and take advantage […]

Dubai’s Aramex in $265m deal to buy US e-commerce firm

Dubai-listed courier firm Aramex has bought US-based e-commerce company Access USA Shipping, in a deal valued at around $265 million, it was reported on Wednesday. Access USA Shipping, operating as MyUS, is described as a technology-driven, cross-border e-commerce platform, and serves customers in the US, UK and China. “We see significant benefits to be derived […]