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Tag Archives: UAE

Saudi Arabia, UAE salary increases highest in GCC

Saudi Arabia, followed by Kuwait and the UAE continue to lead the region in salary increases in 2017, according to a new survey. The GCC-wide survey of 600 multi-national companies and locally-owned conglomerates by Aon, also showed that Saudi Arabia and Kuwait have the highest salary increase projections for 2018, at an optimistic 4.5 per cent. The data showed that, …

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Nineteen UAE listed banks posted $5.17bln in H1 net profit

A total of 19 listed banks reported H1 net profit of around AED19 billion, a 3.8 percent growth from around AED18.3 billion during the corresponding period last year. Matching previous expectations, the gains reflect the banking sector’s resilience and ability to cope with the fast-paced, multifaceted developments witnessed by the national economy which in its turn has maintained decent growth …

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Abu Dhabi Global Market, UAE Exchange join forces to enhance FinTech ecosystem

Abu Dhabi Global Market, ADGM, and UAE Exchange have entered into partnership, to support, develop and promote the FinTech ecosystem in Abu Dhabi and the UAE. An MoU was signed by Promoth Manghat, Chief Executive Officer of UAE Exchange Group, and Richard Teng, Chief Executive Officer of the Financial Services Regulatory Authority, FSRA, of ADGM. The partnership will see UAE …

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Job openings: Apple in UAE is hiring new staff

Apple has just announced new vacancies for UAE jobseekers looking to pursue a career with the multi-million dollar company.The American tech giant, which sells hundreds of millions of smartphones, tablets, laptops and other gadgets in more than 150 countries including the UAE, has posted on its career site this month’s employment openings for at least 16 roles. The latest round …

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UAE startup Yalla Pickup gets $270,000 in from The Box

‘Yalla Pickup’, a mobile application and web-based solution to order pickup trucks to move large consignments, has received a fresh lease of AED1 million in funding from its strategic partner ‘The Box’, provider of self-storage and transportation of goods services in the UAE. Catering to both businesses and individual customers, Yalla Pickup allows a smartphone, Android or iOS, or web …

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Adnoc decision ensures UAE’s ability to diversify economy

The decision of the Abu Dhabi National Oil Company to both expand and possibly offer an IPO on minority stakes in some of its service sectors is a move that will boost the country’s economy and help ensure access to the world’s fastest growing markets. Such a move was inevitable as the Shale Revolution and resulting falling oil prices have …

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Arabtec Construction awarded main contract to build UAE Pavilion at Expo 2020 Dubai

The National Media Council, the government entity responsible for building and operating the UAE Pavilion at Expo 2020 Dubai, has announced that Arabtec Construction, a wholly owned subsidiary of Arabtec Holding, has been awarded the main contract to build the national pavilion. Arabtec Construction squared off against three local and international companies in the final round with nine companies bidding …

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Soft-landed UAE economy poised for a convincing comeback

Dubai: The UAE’s economic growth which faced strong headwinds following prolonged low oil prices and slump in international trade has managed a soft landing, with a less pronounced cycle than in 2008 according to According to Bank of America Merrill Lynch. Analysts expect a convincing a turnaround from 2018, according to recent economic forecasts. “We expect non-oil real GDP growth …

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UAE ranked 1st in MENA region and 35th worldwide in Global Innovation Index 2017

The UAE has improved its standing in the 2017 Global Innovation Index, GII, topping all Arab countries and ranking 35th globally to improve six places from last year’s 41st position cementing its status as one of the world’s most innovative countries. The results of the index were officially announced during a press conference held on 15th June at the UN …

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Now, smartphone is your passport in Dubai

Dubai: Passengers departing from Dubai International Airport can now use their smart phones at the smart gates instead of their passports as part of a new service called Smart UAE Wallet. Lt General Dahi Khalfan Tamim, deputy chairman of police and public security in Dubai and Major-General Mohammad Ahmad Al Merri, director-general of the General Directorate of Residency and Foreigners …

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