Business & Money | Wednesday 25 March, 2026 12:58 pm

UAE Banks Federation affirms Central Bank’s resilience package strengthens sector stability

The UAE Banks Federation affirmed that the comprehensive Financial Institution Resilience Package, approved by the Board of the Central Bank of the United Arab Emirates (CBUAE), chaired by His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the...

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Business & Money | Wednesday 25 March, 2026 12:55 pm

Mohammed Bin Rashid Aerospace Hub, Lufthansa Technik Middle East inaugurate new facility

The Mohammed Bin Rashid Aerospace Hub (MBRAH) at Dubai South has officially inaugurated a new Painting & Grinding Centre developed by Lufthansa Technik Middle East, reinforcing the company’s commitment to expanding its capabilities in the region and strengthening MBRAH’s position as a...

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Business & Money | Wednesday 25 March, 2026 12:54 pm

Ministry of Economy and Tourism issuss 729 warnings, 216 penalties following 8,168 inspection visits to markets

The Ministry of Economy and Tourism, in cooperation with the economic development departments across the UAE, carried out around 8,168 inspection visits to markets from February 28 to March 17, 2026. These resulted in 729 warnings and 216 penalties, with fines ranging between AED 2,000 and AED...

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Business & Money | Wednesday 25 March, 2026 12:48 pm

ADNOC Logistics & Services shareholders approve $325 million dividend payout

ADNOC Logistics & Services Plc (ADNOC L&S) today announced that shareholders approved all agenda items at its Annual General Meeting, including the Company’s final dividend of $81.25 million (AED 298.39 million), bringing the 2025 full-year dividend to $325 million (AED 1,193.56...

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Business & Money | Wednesday 25 March, 2026 12:45 pm

Business council leaders highlight Dubai’s resilience, investor confidence amid global developments

Chairpersons of several country business councils operating under the Dubai Chamber of Commerce affirmed that Dubai continues to strengthen its position as a global benchmark for resilience and agility amid international developments. They attributed this to the emirate’s integrated economic ...

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Business & Money | Wednesday 25 March, 2026 12:33 pm

Gross banks’ assets up by 1.4% to AED 5,413.6 billion at end of January 2026: CBUAE

Gross banks’ assets increased by 1.4% from AED 5,339.9 billion at the end of December 2025 to AED 5,413.6 billion at the end of January 2026, according to a report on the Monetary & Banking Developments – January 2026 issued by the Central Bank of the UAE (CBUAE). The report...

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Business & Money | Wednesday 25 March, 2026 12:32 pm

Kingdom Holding: Jeddah Tower reaches 91st floor, construction on track

Kingdom Holding Co. (KHC) said construction progress on Jeddah Tower is proceeding according to schedule, with exterior cladding works currently underway, alongside ongoing mechanical, electrical, and plumbing (MEP) works. In a statement, the company added that the tower reached the 91st...

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Business & Money | Tuesday 24 March, 2026 2:49 pm

Dubai Chambers discusses trade, investment opportunities with Prague Chamber of Commerce

Dubai Chambers has explored ways to strengthen economic relations between the business communities in Dubai and the Czech Republic during a meeting with a delegation led by Petr Michal, President of the Prague Chamber of Commerce. Both parties reaffirmed their commitment to expanding...

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Business & Money | Tuesday 24 March, 2026 2:48 pm

Sharjah real estate transactions reach AED4.6 billion during Ramadan, marking 71.8% increase

Sharjah’s real estate sector delivered outstanding results during Ramadan 2026, with total transaction value reaching AED4.6 billion, marking a significant 71.8% increase compared to AED2.7 billion recorded during Ramadan 2025. This strong performance highlights sustained market momentum, driven...

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Business & Money | Tuesday 24 March, 2026 2:46 pm

ADNOC, OMV advance formation of Borouge Group International AG

ADNOC and OMV Aktiengesellschaft (“OMV”) today announced strong progress towards the formation of Borouge Group International AG, including the signing of an Asset Usage Agreement (the “Agreement”) for the Borouge 4 (“B4”) production complex. The formation of Borouge Group...

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