Thursday, May 9, 2024

Finance

UAE’s Emirates Global Aluminium acquires German firm Leichtmetall

Emirates Global Aluminium (EGA), one of the world’s largest aluminium producers, has acquired German firm Leichtmetall Aluminium Giesserei Hannover GmbH, as it looks to tap into the growing demand for recycled aluminium. The transaction has now cleared all required regulatory...

UAE Passport, ID Issuance and Renewal Services Reduced to One Step

The Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) on Wednesday said it has streamlined the process for the issuance of passports for Emiratis, as well as Emirates ID and residency permits for expatriates. Previously, these services required...

UAE banks increase their financing for trade and industry to exceed 748 billion dirhams

Traditional banks accounted for about 680.8 billion dirhams, or 82.2% of the credit financing granted to the trade and industry sectors in the UAE at the end of last February. The cumulative balance of credit provided by national banks to...

Two people were executed in Saudi Arabia for murder

Jeddah: Saudi Arabia has executed two people in murder cases. The death penalty was carried out in Jeddah in cases of murder due to personal enmity. Saud bin Muhammad bin Hamad Al Qahtani was executed in the case of killing...

Airline informs that many flights have been cancelled

Abu Dhabi: Emirates Airline has canceled many flights in the wake of heavy rains and unstable weather in the UAE. In a statement, Emirates has also informed that those traveling on flights arriving in or departing from Dubai on...

Orange alert declared; Heavy rain in UAE

Abu Dhabi: Heavy rain in UAE. Abu Dhabi and Dubai received heavy rain this morning. A strong wind blew along with the rain. At three o'clock in the morning there was thunder and lightning. The National Meteorological Center has issued...

Airlines and airport authorities with special instructions for air passengers

Dubai: Following the weather forecast that there is a possibility of heavy rain in the UAE, special instructions have been issued for air passengers. Dubai airport authorities and airlines have asked passengers to prepare accordingly as rain and traffic...

UAE: Essential Guide to the Upcoming Weather Forecast

As challenging weather conditions return to the UAE, a yellow alert has been issued for certain areas. Strong winds, reaching speeds of up to 40kmph, are expected along the east coast. In response, the National Emergency Crisis and Disaster Management...

The Saudi economy contracted in the first quarter

The latest data released by General Authority for Statistics Slight shrinkage in Kingdom's economy Saudi Arabia during the first quarter of 2024. Real GDP fell by 1.8% compared to the same period in 2023. This contraction is due to a decline...

Heavy rain in many places in Saudi Arabia; Roads are flooded

Riyadh: Heavy rain and thunder in Saudi Arabia. Heavy rains caused widespread flooding and damage. Due to heavy rains in Makkah and Madinah, waterlogging is severe in many places. Wadi Hura in Makkah region received the most rain. There is...

Latest News

Liquidity in the Saudi economy reaches its highest level in its history

Cash liquidity records the latest record in the history of the Kingdom. Liquidity levels in the Saudi economy have...

Dubai launches new initiatives to strengthen its position as a global business hub with Emirates Airlines

Today, the Department of Economy and Tourism in Dubai and Emirates Airlines concluded a comprehensive strategic partnership agreement aimed at consolidating Dubai’s position as...

The Citizen’s Account in Saudi Arabia begins with depositing the 78th batch for beneficiaries

The “Citizen Account” program was launched, with the aim of supporting low- and middle-income individuals to achieve economic balance, and ensuring that they are...

The Presidential Office mourns Sheikh Hazza bin Sultan bin Zayed Al Nahyan

With hearts that believe in God’s will and destiny, the Presidential Office mourns the late Sheikh Hazza bin Sultan bin Zayed Al Nahyan, who...

A major road in Abu Dhabi will be partially closed for three days

Abu Dhabi: One of the main roads in Abu Dhabi, Sheikh Zayed Bin Sultan Road (E10) will be partially closed. The road will be...