April 20, 2023

UAE residents all set for Eid Al Fitr celebrations

With the Eid Al Fitr celebrations approaching, Muslims all over the world are getting ready to mark the end of Ramadan with prayers, gratitude, and various traditions. The exact date for the holiday is yet to be confirmed by the UAE’s moon-sighting committee, but it is expected to fall either on April 21 or 22.

April 20, 2023

A night to remember in UAE: Top 10 places to catch fireworks celebrating Eid Al Fitr this long weekend

Eid Al Fitr is just around the corner, and with the long weekend ahead, many people in the UAE are looking forward to some exciting activities to celebrate this special occasion. One of the best ways to enjoy Eid is by catching some spectacular fireworks displays across the UAE. Here are the top 7 places to catch the fireworks this long weekend.

April 20, 2023

Pogacar of UAE Team Emirates wins Fleche Wallonne race in Belgium

The cycling world was abuzz with excitement on Wednesday as Tadej Pogacar, the leader of the UAE Team Emirates, claimed the Fleche Wallonne one-day classic in Belgium. Pogacar’s superb form was on full display as he crossed the finish line a couple of bike lengths ahead of his competitors, raising his arms aloft in celebration for the 12th time this season.

April 19, 2023

UAE Takes a Bold Step in the War Against Plastic Pollution

The United Arab Emirates has launched a new initiative to monitor plastic waste levels in the country, in a bid to curb the devastating impact of plastic pollution on the environment. Read on to learn more about this groundbreaking initiative.

Ray Dalio
April 19, 2023

A branch of Ray Dalio’s family office is set to be opened in Abu Dhabi.

Ray Dalio’s move to open a branch of his family office in Abu Dhabi is seen as reflective of his interest in the region and desire to have a positive impact on local communities.

Abu Dhabi
April 19, 2023

Abu Dhabi Airport expects 500,000 passengers during Eid Al Fitr.

Eid Al Fitr is an important time for the Muslim world, marking the end of a month of fasting and spiritual reflection. Despite the challenges posed by the COVID-19 pandemic, Abu Dhabi International Airport remains open and operational, providing a vital link for travelers during this difficult time.

Damac
April 19, 2023

DAMAC, a UAE-based property developer, sold a $400 million Islamic bond.

DAMAC has successfully sold an Islamic bond worth $400 million, which was heavily oversubscribed and carries a profit rate of 7.25%.

Qatar
April 19, 2023

Qatar’s economy growth will slow to 4% by 2023, Standard Chartered predicts.

Qatar has been working to diversify its economy in recent years, investing in sectors such as tourism and finance.

OPEC
April 19, 2023

According to the IMF, Saudi Arabia is set to benefit from OPEC production cuts due to a boost in oil prices.

The OPEC+ alliance has been working to limit oil production since early 2017, in an effort to stabilize oil prices.

Saudi Industrial Development Fund
April 19, 2023

The Saudi Industrial Development Fund approved $233 million in loans by Q1-2023.

The Saudi Industrial Development Fund (SIDF) has approved loans worth $233 million in the first quarter of 2023.

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