Russia’s economic performance presents a paradox – growth amid isolation, resilience in the face of sanctions
Politics & Economics
Dubai
Dubai GDP grows 3.2% in Q1 2024, tops $31.3bn: Sheikh Hamdan
The latest figures were revealed on Tuesday by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai
Dubai
Dubai Chambers partners with SGS Gulf to facilitate export of local products, services globally
The pact with SGS Gulf Limited will support the Chamber’s ‘Global Partnership Programme’ across the chamber’s 31 international representative offices around the world
Abu Dhabi Judicial Department
UAE Court issues life imprisonment, deportations sentences for Bangladeshi nationals for ‘unlawful assembly’
The court ordered the deportation of all convicted individuals upon completion of their sentences and the confiscation of seized devices
Democratic party
Democrats donate more than $50 million online after Biden’s exit
With Biden gone and Vice President Kamala Harris building momentum to claim the nomination, Democrats went online to contribute at a startling pace
Saudi Arabia
Saudi Arabia renames key Ministry: Report
Minister of Municipalities and Housing Majid Al-Hogail expressed gratitude to King Salman and Crown Prince Mohammed bin Salman for the decision
Donald Trump
US Elections 2024: Joe Biden exits presidential race
46th US President Joe Biden released a statement regarding his exit via X, formerly known as Twitter
Al Noor Island
Alternative Dubai real estate investments, Very good schools revealed; Major UAE Cabinet reshuffle; Employment rights explained – 10 things you missed this week
Dubai real estate analysis and opportunities, very good schools revealed, major UAE Cabinet appointments, employment rights revealed and more of the top news stories this week
Joe Biden
Speculations rife on quitting as Biden expected to make ‘an important’ announcement soon
Meanwhile, according to The Hill, Vice President Kamala Harris has started looking for options for her running mate
Sheikh Mohamed bin Zayed
New UAE Cabinet ministers take oath
UAE President Sheikh Mohamed bin Zayed Al Nahyan welcomes new members to Cabinet
Donald Trump
Biden says could quit race if ‘medical condition’ emerged
Meanwhile, Biden tested positive for Covid-19 while on a trip to Las Vegas on Wednesday and is experiencing mild symptoms, the White House said
His Highness Sheikh Mohamed bin Zayed Al Nahyan
UAE President Sheikh Mohamed declares July 18 as Union Pledge Day
The new UAE Union Pledge Day will be celebrated annually, to celebrate the founding fathers’ signing of the Union document and drafting of the state constitution
China
India moves to fast-track China visas after businesses hit by delays
The move to ease visa restrictions follows India imposing strict rules on China following a deadly 2020 border clash between the two nations that led to a downward spiral in relations
Abu Dhabi business
Abu Dhabi to slash business licence fees by 50%
Abu Dhabi Global Market announces major reduction to business licences
Dubai International Airport
UAE visa changes; Dubai floods; new tax introduced; outstanding schools revealed; real estate booming – 10 major stories so far this year
Floods, real estate, visas, tax, education and more top stories in Dubai, the UAE and across the region in the first half of 2024
business challenges
Majority of firms struggle with entity verification data quality: Moody’s
This comes as regulatory pressures and geopolitical risks are increasing the importance of robust entity verification processes
cepa
UAE and Indonesia look to boost $27bn trade relations
President Joko Widodo of Indonesia has visited the UAE in an effort to boost trade and diplomatic ties