Browsing: Business

Sheikh Mansoor charts out blueprint for clubs’ glory in the future AED 20 million to be allocated annually for exclusive support of private clubs 50 per cent of club revenues to be raised from commercial activities by 2033 A comprehensive vision to enhance clubs’ self-generated revenue and achieve financial self-sufficiency Enhancing club efficiency through a new professional sports management system DUBAI (November 29, 2025): The Dubai Sports Sector Strategic Plan 2033, recently launched by His Highness Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, Chairman of the Dubai Sports Council, has placed significant emphasis on

United Arab Emirates, 29 November 2025 The Ministry of Finance has announced the issuance of Federal Decree-Law No. (17) of 2025 amending certain provisions of Federal Decree-Law No. (28) of 2022 on Tax Procedures, as part of the UAE’s continuous efforts to enhance the efficiency of the tax system and strengthen the principles of transparency and fairness in tax transactions. The amended law will come into effect on 1 January 2026. Enhancing Financial Discipline The amendments aim to establish a clearer and more structured legal framework for tax obligations and procedures, including regulating the timeframe for requesting refunds of

28 November 2025 (Geneva) — The International Air Transport Association (IATA) released data for October 2025 global passenger demand with the following highlights: Total demand, measured in revenue passenger kilometers (RPK), was up 6.6% compared to October 2024. Total capacity, measured in available seat kilometers (ASK), was up 5.8% year-on-year. The October load factor was 84.6% (+0.7 ppt compared to October 2024). International demand rose 8.5% compared to October 2024. Capacity was up 7.1% year-on-year, and the load factor was 84.6% (+1.1 ppt compared to October 2024). Domestic demand increased 3.4% compared to October 2024.

Abu Dhabi, 28 November 2025: The United Arab Emirates Pavilion will participate in the fourth edition of the Egypt Defence Expo (EDEX) 2025, held from December 1-4, 2025, at the Egypt International Exhibition Centre in Cairo, featuring leading national defence companies that will showcase their latest land, sea, and air defence and security solutions to an international audience. This pavilion showcases a selection of the country’s most prominent and innovative national defence and security companies, aiming to expand their strategic and commercial relationships in regional and global markets, and to strengthen their presence at one of the

Abu Dhabi-UAE: 28 November 2025 – The UAE Research Program for Rain Enhancement Science (UAEREP) participated in the First International Conference on AI and Data Science Applications and Advances (ICADAA), held at Emirates Aviation University in Dubai. The event brought together leading experts, researchers and artificial intelligence and data science professionals from both the industry and the academia to discuss how AI and data science can address real-world challenges across multiple sectors. During the conference, Alya Al Mazrouei, Director of UAEREP and Director of Research and Weather Enhancement Department at the National Center o

Marks the solid execution of FF and FX’s Global Automotive Bridge Strategy in the Middle East, signaling a new phase…

United Arab Emirates (25 November 2025) – Emirates Gold, one of the UAE’s most trusted and established precious metals refineries, in collaboration with Public Gold, Malaysia’s leading fintech-driven gold solutions provider, has announced the launch of the world’s first fintech-enabled Gold ATM in the UAE. The unveiling took place at the landmark 13th edition of the Dubai Precious Metals Conference (DPMC) 2025 at Atlantis, The Palm, marking a major innovation milestone for both the UAE and the global gold industry. The launch was inaugurated by Mr. Ahmed Bin Sulayem, Executive Chairman and CEO of the Dubai Multi Commodities Centre, alongsi

Dubai, UAE – November 28, 2025: TCL, a global leader in smart technology and climate solutions, is showcasing its latest portfolio of energy-efficient, intelligent and highly durable HVAC and energy systems at The Big 5 Dubai 2025, the region’s most influential event for the construction and built-environment sector. The company’s participation reinforces its commitment to supporting the Middle East’s drive toward sustainable, connected and future-ready infrastructure. At this year’s exhibition, TCL is placing strong emphasis on energy efficiency, introducing a range of advanced commercial and residential climate solutions engineered to re

Marking an oversubscription of 5 times. Yield to Maturity (YTM) of 3.52% for the October 2027 tranche and 3.63% for the May 2030 tranche, with a tight spread of up to 5 basis points above comparable US Treasuries at the time of issuance. Ministry of Finance launches 9 Islamic treasury sukuk auctions in 2025. Abu Dhabi, UAE – 28 November 2025: The Ministry of Finance (MoF), in its capacity as issuer and in collaboration with the Central Bank of the UAE (CBUAE) as issuing and payment agent, announced the successful completion of the November 2025 auction of UAE dirham-denominated Islamic Treasury Sukuk (T-Sukuk), with a total issu

Dubai, United Arab Emirates, 28 November 2025: Dubai Airports celebrated the UAE’s 54th Eid Al Etihad with a heritage-inspired experience, at Dubai International (DXB), inspired by the traditional Emirati Freej (neighbourhood); the beating heart of community life in the UAE’s early days. The celebration marked the “Year of Community,” highlighting the values of unity, belonging, and togetherness that define Emirati culture and the spirit of oneDXB. Held under the patronage of H H.H. Sheikh Ahmed Bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Chairman and Chief Executive of Emirates Airline Group, Chairman