Lifestyle Juan Carlos to visit Spain after two years in UAE exile The former king of Spain, Juan Carlos, will travel to his country this weekend for the first time since he left under a cloud of scandal in August 2020, making his home in the United Arab Emirates. Juan Carlos, 84, is visiting the northern region of Galicia for a boating event, according to the mayor […] May 17, 2022
Banking & Finance Open all hours: inside the Gulf’s banking revolution The UAE’s first open banking platform is helping fintech and banks bring personalised services to customers, and is accelerating the regional growth of this progressive sector The Gulf has the potential to leapfrog other regions of the world, including Europe, with its adoption of open banking as bricks and mortar branches “slowly disappear”, according to […] May 17, 2022
Aviation Emirates pins hopes on premium economy The seats will be launched on routes to London, Paris and Sydney in August, making Emirates the first Gulf airline to offer premium economy May 17, 2022
Analysis Real Estate Dubai real estate bonanza fuelled by Expo 2020 success Dubai’s real estate market felt the full impact of Expo 2020’s success in April, with deals soaring to record levels. After the conclusion of Expo 2020 Dubai, 6,983 real estate sales transactions worth AED 18.2 billion ($4.9 billion) were recorded in April – the highest figure for the month since 2009. Secondary market sales transactions, […] May 17, 2022
Sheikh Khalifa Remembered Sheikh Khalifa, ‘master statesman’ who put UAE on the map Analysts pay tribute to the visionary leader who transformed his region “The UAE is almost unrecognisable from 20 years ago and has developed into a vibrant and dynamic place where individuals and businesses can flourish,” according to Scott Livermore, chief economist at research group Oxford Economics Middle East. That is the legacy of Sheikh Khalifa […] May 16, 2022
Analysis Media & Advertising $4.4bn sounds a lot but e& has made the right call on Vodafone Vodafone and e&, formerly known as Etisalat, will look to launch new products globally while working together to make greater efficiencies following the UAE telco’s deal to buy a $4.4 billion stake. Following the announcement that the UAE’s biggest telecoms operator has acquired a 9.8 percent stake in British mobile operator Vodafone Group, AGBI spoke […] May 16, 2022
Aviation Emirates should be allowed to fly to Berlin, says German exec The bilateral air service agreement between Germany and the United Arab Emirates should be expanded to allow Dubai’s Emirates airline to operate direct flights to more cities, including the capital Berlin, a senior official from the Middle East office of the German National Tourist Board (GNTB) told AGBI. Under the existing air services agreement between […] May 16, 2022
Analysis Banking & Finance Cryptocurrencies have their ‘Lehman brothers moment’ Despite the crash of cryptocurrency stablecoin ecosystem, retail investors still see the contraction of currencies like Bitcoin as an opportunity As billions of dollars of value are wiped off cryptocurrency markets worldwide, retail investor strategies are diverging from those in the institutional space — the former senses cheap assets, while the latter worries of a […] May 16, 2022
Opinion Banking & Finance A crypto market crash doesn’t have to fill us with dread History shows us that these instances are a pivotal point of positive systemic change May 16, 2022
Banking & Finance Vodafone shares rise as telecoms group e& buys $4.4bn stake The group, formerly Emirates Telecommunications Group, said it supported the board and had no plans to buy the UK mobile operator outright. May 16, 2022
Analysis MbZ: the man, the leader and the economic vision The new president of the UAE is set to continue to build on the progress he has made as de facto leader in recent years The UAE is expected to “unswervingly continue” to implement its vision to build a sustainable knowledge-based economy for generations to come under the leadership of President Sheikh Mohamed bin Zayed […] May 16, 2022
World leaders visit UAE to greet new ruler, mourn Sheikh Khalifa World leaders arrived in the United Arab Emirates on Sunday to offer condolences on the death of President Khalifa bin Zayed al-Nahyan, who has been succeeded by his half-brother Sheikh Mohamed bin Zayed. Sheikh Mohamed, now ruler of Abu Dhabi, had been de facto leader of the Western-allied Gulf state, an OPEC oil producer and […] May 16, 2022
Sheikh Mohamed named new President of the UAE The UAE’s de facto leader Sheikh Mohamed bin Zayed al-Nahyan was elected president of the Gulf Arab state by a federal supreme council on Saturday. The council, which groups the rulers of the seven emirates of the UAE federation, elected Sheikh Mohamed, known as MbZ, a day after the death of his half-brother, President Sheikh […] May 14, 2022
People & Lifestyle Messages of sympathy pour in from around the globe Leaders from the Gulf, the wider Middle East and around the world have offered their heartfelt condolences after the death of Sheikh Khalifa bin Zayed Al Nahyan, the President of the United Arab Emirates and ruler of Abu Dhabi. Here are some of the messages of sympathy The UN offices in the UAE said: “In this […] May 13, 2022
A modernising leader who moved UAE closer to US Sheikh Khalifa bin Zayed al-Nahyan, who died today, was a pro-Western moderniser whose low-key approach helped steer the United Arab Emirates through a tense era in regional politics by aligning the Gulf oil producer with Washington and its allies, including Israel. Khalifa, who was born in 1948, had been ruler of the richest emirate, Abu […] May 13, 2022
People & Lifestyle 1948-2022: Sheikh Khalifa bin Zayed Al Nahyan’s timeline September 7 1948: Sheikh Khalifa was born in the inland oasis-city of Al Ain. 1966: He was appointed Ruler’s Representative in the Eastern Region of Abu Dhabi and Head of the Courts Department in Al Ain. 1969: Sheikh Khalifa was nominated Crown Prince of Abu Dhabi and appointed Head of the Abu Dhabi Department of […] May 13, 2022
People & Lifestyle A lifetime of service by the President of the UAE Sheikh Khalifa bin Zayed Al Nahyan, ruler of Abu Dhabi, was elected President of the United Arab Emirates in November 2004, to succeed his father, the late Sheikh Zayed bin Sultan Al Nahyan, UAE President from 1971 to 2004. Sheikh Khalifa presided over a major restructuring of both the Federal Government and the government of […] May 13, 2022
Sheikh Khalifa Remembered Sheikh Khalifa bin Zayed has passed away Sheikh Khalifa bin Zayed Al Nahyan, the second President of the United Arab Emirates and 16th ruler of Abu Dhabi, died today aged 73. In a statement published by Wam, The Ministry of Presidential Affairs expressed its deepest condolences to the people of the UAE, Arab and Islamic nations and the world. The Ministry of Presidential […] May 13, 2022
Banking & Finance First dirham-denominated bond listed on Nasdaq Dubai The UAE’s first dirham-denominated treasury bond was listed on Nasdaq Dubai yesterday. Mohamed Hadi Al Hussaini, minister of state for financial affairs, today rang Nasdaq Dubai’s market-opening bell to celebrate the listing and circulation of AED1.5 billion as the first Dirham-denominated treasury bonds issued by the UAE Federal Government acting through the Ministry of Finance. […] May 13, 2022
Tourism Emirates airline cuts annual loss to $1.1bn as travel rebounds Dubai’s Emirates airline today posted an annual loss of $1.1 billion, a sharp improvement on the $5.5 billion loss in the previous year, as demand for international travel was boosted by governments easing pandemic-related curbs. The airline, which only operates international services, reported a 91 percent jump in revenue to $16.1 billion for the year […] May 13, 2022
