News

Bottomline performance for the GCC banking sector remained steady with a healthy q-o-q growth of 11.8% and a Y-o-Y growth of 10.5% to reach $14.4 billion during Q1-2024, according to GCC Banking Sector Report – Q1-2024, released today by kamco Invest.The report, which analyses the financials reported by 57 listed …

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of the Executive Council of Dubai, and Chairman of the Board of Trustees of the Dubai Future Foundation (DFF), today announced the launch of the world’s first and largest AI prompt engineering training initiative. Based in …

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, today visited the Zayed International Airport in Abu Dhabi. His Highness stated that the UAE continues to consolidate its status as a key hub for international travel, supported by a robust and reliable infrastructure …

H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has ordered the urgent connection of commercial residential buildings located on main roads in the emirate to the sewage network. The directive was announced during the “Direct Line” programme, which is broadcasted on Sharjah Radio …

Ras Al Khaimah’s credit rating has been upgraded to ‘A+’ from the previous ‘A’, by the international credit rating agency Fitch Ratings. The upgrade reflects the emirate’s improved credit metrics driven by stronger medium-term growth forecasts. The growth forecasts for the emirate are based on large investment projects and further …

The UAE has ranked first in the Middle East and North Africa (MENA) region and 18th globally in the World Economic Forum’s Travel & Tourism Development Index (TTDI) . According to the report released today, the UAE raised its score by 4.4 percent in the 2024 index, climbing seven places …

The UAE’s civil aviation sector recorded remarkable growth in the first quarter of 2024, welcoming a staggering 36.5 million passengers, according to the General Civil Aviation Authority (GCAA). This figure marks a 14.7% increase compared to the same period last year and highlights the sector’s remarkable growth trajectory. The breakdown …

The UAE is following with deep concern media reports on the tragic accident of the helicopter carrying the Hon. Dr Ebrahim Raisi, President of Iran, His Excellency Hossein Amir-Abdollahian, Minister of Foreign Affairs, and a number of officials. In a statement, Saif Mohamed Al Zaabi, UAE Ambassador to the Islamic …

Roughly 800,000 people have been forced to flee Rafah since Israel launched a military operation in the area on 6 May, the head of UN Palestine refugee agency UNRWA said on Saturday in a renewed appeal for greater protection of civilians in Gaza, safe humanitarian access and, ultimately, a ceasefire. …

With the 2023/24 Premier League title, Manchester City are the first men’s team in the history of English football to win the top-flight title four years in a row. This came after Manchester City today claimed an unprecedented fourth straight Premier League title with a 3-1 win over West Ham …