Savita V Jayaram
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Business
Dubai’s Real Estate Transactions Surge 44% in H1 2023
The residential sector in Dubai recorded its busiest year thus far, with a spike in half-yearly property transactions recorded, according…
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Business
etisalat by e& Introduces Wi-Fi as a Service to Empower UAE Businesses
etisalat by e& launches Wi-Fi as a service to empower UAE businesses with cutting-edge solutions specifically designed to provide enhanced…
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Banking
Central Bank of UAE Revokes Licenses of Money Exchange House and Commercial Broker Firm
The Central Bank of the UAE (CBUAE) has revoked the license of Dirham Exchange, an exchange house operating in the…
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Energy
India Hikes Windfall Tax on Domestic Crude to Rs 4250 per tonne from August 1
India hikes windfall tax on domestically produced petroleum crude. The Special Additional Excise Duty (SAED) on crude petroleum increased from…
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Real Estate
Abu Dhabi’s Real Estate Market Records AED 46.33Bn in H1 2023
As per the latest report released by the Department of Municipalities and Transport (DMT), Abu Dhabi’s real estate market shows…
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Artificial Intelligence
AI Spends in Middle East to More than Double to $6.4 Bn by 2026
According to The International Data Corporation, it is estimated that the Middle East will be spending $3 billion on AI…
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Banking
Arab Monetary Fund to Extend $615.8 Mn Loan Support for Banking Sector Reforms in Egypt
Arab Monetary Fund extends $615.8 million loan to support reforms in the financial and banking sector in Egypt. The sum…
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Energy
UAE extends cooperation to Bangladesh to help overcome energy crisis
Bangladesh’s energy sector is heavily reliant on imports. The country has been importing LNG from Qatar and Oman to meet…
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Banking
RAKBANK records 71% increase in Net Profit to AED 901mn in H1 2023
Profits were up by 71% year-on-year, driven by diversified growth in the balance sheet, continued sales momentum and strong credit…
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