The central bank of the United Arab Emirates on Wednesday said it would raise the base rate on its Overnight Deposit Facility by 25 basis points to 5.15%, from 4.90%, effective Thursday.
Senate panel advances US ambassador nominees to UAE, Kuwait
The Foreign Relations Committee cleared the nominations for Karen Sasahara and Martina Anna Tkadlec Strong as US ambassadors to Kuwait and the United Arab Emirates, respectively.
Imminent corporate tax not a burden for Indian businesses in UAE
Even if a new corporate tax is being introduced in United Arab Emirates after June 1 this year, NRI businesses in the gulf nation remain optimistic about the growth of business transactions between …
UAE stocks close higher on strong corporate earnings
Stock markets in the United Arab Emirates closed higher on Friday, as a slew of strong corporate earnings lifted market sentiments despite lingering worries over an economic slowdown.
Binghatti: A Visible Force in UAE’s Modern Architectural Landscape
The United Arab Emirates, once a land of nomads, small ports, and fishing villages, has undergone an incredible transformation. It was home to a population living in barasti huts made of …
Wynn Resorts reveals renderings, name of UAE resort
Wynn Resorts Ltd. on Thursday unveiled renderings and the name of its planned casino resort in the United Arab Emirates, which one analyst described as “one of the most exciting growth …
Indian firms are flocking to the United Arab Emirates
Rather than serving merely as an ethnic enclave, the Meena Bazaar is the visible tip of a vast, growing network of Indian businesses—one that includes many of the most important companies in the …
India to invite fresh bids for import quotas for UAE gold
India’s government said on Thursday it will invite fresh bids for quotas to import gold from the United Arab Emirates (UAE) with a concessional duty agreed under a trade pact between the two countries …
Nepal says ‘no proof’ flydubai plane suffered bird strike
Nepal’s civil aviation authority disputed on Tuesday whether a flydubai plane had been hit by a bird strike in Nepali airspace, calling the United Arab Emirates carrier’s account of the incident …
Flydubai aircraft returns to Dubai after engine fire due to Nepal bird strike
A flydubai flight from Kathmandu to Dubai experienced a bird strike during takeoff but returned to the United Arab Emirates, the company said on Monday.