Operation Falafel

Operation Falafel adds two new outlets to its UAE portfolio

Both outlets will serve a Middle Eastern menu largely focused on sandwiches, platters and an option to build your own bowl

BitOasis is poised to become the first to receive an FMP licence

BitOasis secures MVP operational license from Dubai’s VARA

The crypto trading platform plans to launch new virtual asset products with a continued focus on driving accessibility and consumer protection

Rove Hotels

Rove Hotels expands reach with serviced residences

Rove Home Aljada is the brand’s first residential project, featuring contemporary designs and smart home features

Azizi Developments

Azizi Developments enters hospitality sector; announces launch of global hotel brand

The company has appointed Michael Zager as its new chief operating officer – Hospitality


UAE, Morocco review strengthening financial, economic cooperation

Both the countries agreed to double the volume of trade and investment exchange over the next seven years

Rotana at ATM

ATM 2023: Rotana to have 120 operational hotels by 2030

Saudi Arabia and Egypt will be the key markets for the group’s expansion in the region

UAE increase petrol price

UAE raises fuel prices for May 2023

The fuel price committee marginally increased petrol prices by 15 fils for the month of May

UAE Banks Federation signs off on strategic plan and goals photo WAM

UAE Banks Federation approves strategic plan to boost banking sector

The plan will see 5,000 UAE nationals employed in the banking and financial sector by 2026


RAKBANK more than doubles net profit to Dhs450m in Q1 2023

RAKBANK reported a record total income of Dhs1.07bn for the first quarter

Emirates NBD q1 2023 results

Emirates NBD profit more than doubles to Dhs6bn in Q1 2023

Emirates NBD also enjoyed a record quarter for income, which exceeded Dhs10bn for the first time ever

ADIB net profit Q1 2023

ADIB’s Q1 2023 profit surges to $299m on higher margins

The Islamic bank made a profit of Dhs1.1bn in the three months to March 31, up from Dhs715m in the same period last year


UAE and Cambodia conclude comprehensive economic partnership agreement

The agreement will serve as a catalyst to increase and diversify bilateral trade by substantially eliminating tariffs, reducing non-tariff trade barriers and promoting trade

bilateral trade

UAE, European Union discuss boosting bilateral ties

Non-oil bilateral trade between the UAE and EU amounted to $56bn in 2022, achieving growth of 9.3 per cent

UAE Emiratisation

UAE announces new 2023 Emiratisation deadline

The authorities reminded non-compliant companies that they faced half-yearly fines of Dhs42,000 for every Emirati not hired

courtesy CMRC twitter Amanat Holdings merger

UAE-based Amanat Holdings acquires majority stake in Sukoon via merger with CMRC

The merger, which creates the largest post-acute care provider in the GCC, places Amanat Holdings in a strong position to benefit from the significant post-acute care bed gap across Saudi Arabia and UAE

ispac Hakuto lunar lander ission

UAE Moon mission: Contact lost with HAKUTO-R lander, hard landing on lunar surface likely

Engineers from ispace are working on a detailed analysis of the telemetry data acquired until the end of landing sequence to find out the root cause

Club Lab Golf co-founders

Club Lab Golf launches in the Middle East with Dubai studio

The bespoke studio is equipped with the latest cutting-edge sports technology and the venue includes two practice bays with large launch monitors

Emirates expands its global network with Montréal flights

The airline said tickets to Montréal go on sale today for flights starting July 5 and can be booked on its website, the Emirates App or through travel agents

Bay Island

Dubai’s Jumeirah Bay Island plot sells for $34m, sets new record

The buyer, who doesn’t live in the UAE, is planning to build a family vacation home on the property

Christian Hoehn, general manager of The Ritz-Carlton Abu Dhabi, Grand Canal.

The Ritz-Carlton Abu Dhabi, Grand Canal launches on-site vertical farm

The farm is expected to generate 10kg of produce daily and has a 41 sqm footprint

Ahmed Ramdan

Interview: Ròya International’s Ahmed Ramdan on the changing face of the region’s hospitality sector

The founder of the home-grown hospitality firm shares his company’s milestones and how hospitality in the GCC is poised for further growth

UAE to offer corporate tax relief to ‘public benefit’ entities

Organisations that qualify for the exemption include entities that focus on activities such as philanthropy, community services and corporate social responsibility

UAE, Germany

UAE, Germany explore partnerships to build on industrial ties and climate efforts

Ministry of Industry and Advanced Technology hosts around 30 German companies to discuss expanding cooperation in fields such advanced technologies and de-carbonisation

EDB, Emirates Islamic partnership

Emirates Development Bank, Emirates Islamic partner to support SMEs

The Islamic lender is the 11th commercial bank to join EDB’s credit guarantee scheme platform

Ray Dalio, hedge fund billionaire, opens family office in Abu Dhabi

Ray Dalio set to open branch of family office in Abu Dhabi

The Dalio Family Office helps handle the billionaire’s private investments as well as his philanthropic donations

UAE Dr. Thani bin Ahmed Al Zeyoudi.

UAE, South Africa seek to boost trade ties in energy, tourism

The country is the UAE’s second-largest trading partner in Africa, accounting for 8 per cent of total non-oil trade with the continent


All UAE residents can now apply for eVisas for Japan

New visa application rules have also been announced for Saudi nationals and residents in Saudi Arabia, as well as citizens of Qatar


Dubai’s Emirates adds 38 additional flights to 6 cities ahead of Eid Al Fitr

This year, more than 110,000 travellers are expected to board Emirates flights during Eid across the region


Crypto exchange Bybit opens global headquarters in Dubai

The company also revealed future plans to elevate its global presence with a stronger foothold in the region

drive in Dubai

From zero to hero: How to overcome fear and anxiety when learning to drive in Dubai

Learning to drive can be a nerve-wracking experience, no matter where you live – but throw into the mix busy roads, chaotic traffic, and strict driving laws, and you have an even more intimidating situation.