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  • Thu, December 19, 2024

by: Arabian Business

ADIO and EXIM forge MoU to boost US-UAE trade in key sectors

It marks a significant milestone in facilitating the import and export of raw materials, services and technology, particularly in priority sectors
  • Mon, December 16, 2024

by: Arabian Business

When the drums fall silent - legendary drummer Zakir Hussain passes away

The five-time Grammy winner died on Sunday in San Francisco after spending two weeks in the ICU with idiopathic pulmonary fibrosis
  • Sun, December 15, 2024

by: Arabian Business

Emirates wins titles at World Travel Awards 2024

Emirates secured several wins at the World Travel Awards 2024, including: The airline was also recognised as "Best Airline App Worldwide" and "Best Airline App in the Middle East" at the World Travel Tech Awards 2024.

by: Arabian Business

Riyadh Metro opens Red and Green lines

Riyadh Metro will open its Red and Green lines as it continues to transform transport in the Saudi capital. The Royal Commission for Riyadh City (RCRC) announced the roll-out of two additional lines (Red: King Abdullah Road, and Green: King Abdulaziz Road) of the Riyadh Metro on December 15, 2024.

by: Arabian Business

Riyadh Metro to open Red and Green lines from Sunday, December 15

The Royal Commission for Riyadh City (RCRC) announced the roll-out of two additional lines (Red: King Abdullah Road, and Green: King Abdulaziz Road) of the Riyadh Metro on December 15, 2024. Passengers have access to stations on the two lines from 6am to midnight. Thus, five out of the six metro lines are now operational.
  • Sat, December 14, 2024

by: Arabian Business

Saudi Arabia's PIF acquires 15% share in Heathrow Airport

Saudi Arabia's Public Investment Fund (PIF) has announced it has completed the acquisition of a stake of approximately 15 per cent in FGP TopCo, the holding company of Heathrow Airport Holdings Ltd ., from Ferrovial SE and certain other FGP TopCo shareholders.

by: Arabian Business

UAE Lottery results: Check winning numbers for $27m prize draw

The historic draw is the first federally licensed lottery in the region and is operated by The Game LLC under licence from the General Commercial Gaming Regulatory Authority (GCGRA). It offered residents aged 18 and above multiple ways to win cash prizes ...

by: Arabian Business

Retail trends 2025: TikTok shopping, AI-powered stores, instant deliveries and online groceries coming soon

A look ahead to 2025 reveals major changes ahead for the retail industry. Get the lowdown on 10 industry trends changing the way we shop
  • Fri, December 13, 2024

by: Arabian Business

New tax in the UAE; Lottery warning; Crypto trading in Dubai; Kuwait halts e-visas; Saudi to host 2034 World Cup - 10 things you missed this week

Also making headlines this week were Saudi Arabia being awarded the 2034 FIFA World Cup, Kuwait halting e-visas, a massive new pedestrian network in Dubai and the top family businesses in the region were revealed. Catch up with the biggest stories this week, as selected by Arabian Business editors.

by: Arabian Business

Saudi Arabia and the UK set $38bn trade target, outline plans for investment, education, health and more

"The United Kingdom continues to be one of the largest foreign investors in Saudi Arabia. Building on the success of its landmark approx. $700m Shariah-compliant financing facility in Qiddiya earlier this year, UK Export Finance announced plans to increase its market exposure to $6bn.

by: Arabian Business

Global water solutions and services major Ecolab launches innovative modular manufacturing in Egypt

The containerized solution enables rapid deployment of local production capabilities, strengthening regional manufacturing capacity and supply chain infrastructure

by: Arabian Business

Egypt's central bank advances digital payments with tokenisation and Apple Pay integration

The launch was coordinated with several banks, mobile payment application providers, and fintech companies to facilitate the integration of both international and local systems

by: Arabian Business

Major changes to UAE's VAT rules impact fund managers and virtual asset traders - All you need to know

Fund managers now have a VAT exemption for services provided independently to funds licensed by a competent authority in the UAE. Image: Shutterstock Major changes to the UAE's Value Added Tax (VAT) rules took effect on Nov. 15, with fund managers and ...
  • Thu, December 12, 2024

by: Arabian Business

Qatar approves 2025 budget with $54bn revenues and $57.7bn spending

Qatar has approved its budget for 2025 with an expected $54bn revenues and $57.7bn spending. Amir Sheikh Tamim bin Hamad Al-Thani issued Law No. (17) of 2024 approving the State's general budget for the fiscal year 2025. The law stipulated its implementation and enforcement as of January 1, 2025, and that it be published in the Official Gazette.

by: Arabian Business

Google reveals UAE search trends for 2024: Donald Trump, conflict, cricket and rain

Google has released the top trending searches of 2024 for the Middle East and North Africa. The annual lists reveal the most trending search queries that experienced a higher volume of search over a sustained period in 2024 compared to 2023. The lists included the top searched news, personalities, movies, TV series, tournaments, and sports moments.

by: Arabian Business

Apple integrates ChatGPT feature in its new iOS and iPadOS updates

Apple is enabling ChatGPT access in Siri and Writing Tools experiences, allowing users to benefit from its expertise, as well as its image and document comprehension capabilities. Image: Apple Apple released iOS 18.2, iPadOS 18.2, and macOS Sequoia 15.2 on ...
  • Tue, December 10, 2024

by: Arabian Business

UAE real estate developer Arada buys 3 gym brands; fitness division valued at $272m and eyes 100,000 members

The acquisition leaves Arada's fitness and wellness division with a valuation of AED1bn ($272m), with its four brands now operating a total of 15 flagship and standard-scale gyms and studios across Dubai, Abu Dhabi and Sharjah, featuring a combined membership of 30,000.
  • Mon, December 9, 2024

by: Arabian Business

Kuwait sets 2025 start for 15% corporate tax in major fiscal overhaul

The reform comes as Kuwait seeks to diversify its revenue streams beyond oil income, following similar moves by other Gulf nations to modernise their tax systems
  • Sun, December 8, 2024

by: Arabian Business

Dubai Ruler Sheikh Mohammed announces new UAE Ministry of Family, government reshuffle

The changes include the establishment of the UAE Ministry of Family and the elevation of the Ministry of Community Development to become the Ministry of Community Empowerment

by: Arabian Business

UK Prime Minister Keir Starmer to make UAE, Saudi Arabia visit

Starmer will first arrive in the UAE, where he is scheduled to meet President Sheikh Mohamed bin Zayed Al Nahyan on Monday, before travelling to Saudi Arabia to hold talks with Crown Prince Mohammed b
  • Sat, December 7, 2024

by: Arabian Business

Dubai South, BT Holding LLC unveil massive master community project

Dubai South has signed an agreement with BT Holding LLC to develop a gated master community within its Golf District near Al Maktoum International Airport.

by: Arabian Business

Dubai Walk: Sheikh Mohammed approves MASSIVE 6,500km pedestrian network

Sheikh Mohammed bin Rashid Al Maktoum announced the 'Dubai Walk' project, which will create 3,300 kilometres of new pedestrian paths and rehabilitate 2,300 kilometres of existing routes

ADIO and EXIM forge MoU to boost US-UAE trade in key sectors

It marks a significant milestone in facilitating the import and export of raw materials, services and technology, particularly in priority sectors
The Abu Dhabi Investment Office (ADIO) and the Export-Import Bank of the United States (EXIM) have signed a Memorandum of Understanding (MoU) aimed at enhancing trade and investment between the US and the UAE, focusing on sectors like clean energy, health care, and technology. This agreement will facilitate access to financing for US companies looking to export to the UAE, thereby fostering economic growth, job creation, and innovation in both countries. The MoU was signed during a visit by US Commerce Secretary Gina Raimondo to the UAE, highlighting the strategic partnership between the two nations. This collaboration is expected to not only boost bilateral trade but also support the UAE's economic diversification efforts and the US's interest in expanding its export market.

Read the Full Arabian Business Article at:
https://www.arabianbusiness.com/industries/banking-finance/adio-and-exim-forge-mou-to-boost-us-uae-trade-in-key-sectors