UAE-based professionals seeking the Golden Visa must now demonstrate a minimum basic monthly salary of Dh30,000. This new requirement, according to immigration experts and affected residents, does not account for allowances or additional benefits. The pol...

The central banks of India and Russia are engaged in discussions to establish a robust mechanism that will expand bilateral trade using local currencies. These negotiations are seen as a strategic move to address the ongoing payment challenges that have e...

Riyadh Air has taken a significant step towards sustainability by introducing the first electric bus in its fleet, dedicated to transporting employees. This move aligns with Saudi Arabia’s Vision 2030, which emphasizes reducing carbon emissions and enhanc...

A consortium led by Abu Dhabi Sustainable Water Solutions (ADSWS) has secured a landmark contract to develop Uzbekistan’s largest wastewater treatment facility. Once operational, the plant will have the capacity to process 1.5 million cubic meters of wast...

UAE-based companies raised $890 million through two major initial public offerings (IPOs) in the second quarter of 2024, contributing significantly to the Gulf region’s overall IPO market. The academic services provider, Alef Education Consultancy, genera...

A turbulent financial landscape and rising global tensions have cast a shadow over Japan’s upcoming prime ministerial race, setting the stage for an exceptionally uncertain political environment. The current administration, led by Prime Minister Fumio Kis...

Cleveland Clinic Abu Dhabi has reached a significant milestone with 664 organ transplants performed since the inception of its organ transplant program in 2017. The program, which has rapidly expanded since its launch, has established itself as a leading...

Watania International Holding PJSC (DFM: WATANIA) has announced a net profit of AED 7.9 million for the first half of 2024, demonstrating a solid performance amid challenging market conditions. This marks a significant turnaround for the company, followin...

Core Scientific, one of the largest Bitcoin miners in the U.S., has announced plans to raise up to $350 million through the issuance of convertible notes. The move is aimed at repaying existing loans and funding general corporate operations, as the compan...

Abu Dhabi’s wealth fund, ADQ, is reportedly targeting Bank Audi’s Turkish operations as it seeks to expand its financial portfolio in the region. The Abu Dhabi Developmental Holding Company (ADQ), known for its substantial investments in various sectors,...

Economic forecasts and evolving consumer habits position Gulf Cooperation Council (GCC) cities as burgeoning hubs for global retail. Recent analysis highlights a notable shift in consumer spending patterns and infrastructure developments across the GCC re...

More than 800 organ transplants have been successfully performed in Abu Dhabi, marking a significant achievement in the emirate’s healthcare sector. This announcement was made by the Department of Health – Abu Dhabi (DoH) in alignment with World Organ Don...

Khalifa University of Science and Technology in Abu Dhabi has introduced a new full-time Bachelor of Science program focused on Robotics and Artificial Intelligence. This initiative marks a significant expansion in the university’s academic offerings, des...

As the UAE commemorates International Youth Day, the nation’s leadership has placed significant emphasis on the pivotal role that young people play in shaping the future. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Ministe...

Adnoc Drilling has confirmed its inclusion in MSCI indices, effective from the close of markets on August 30, 2024. This significant move marks a pivotal moment for the Abu Dhabi-based company, reflecting its growing prominence and stability in the global...