Dubai and Abu Dhabi were praised for combining tax efficiency, lifestyle, safety, and ease of doing business with year-round sunshine and access to top-tier schools and healthcare in Savills’ latest report
Europe
Latest in Europe
EU
UAE and EU look to boost $67.6bn trade ties
UAE aims to strengthen ties with Europe as it develops economic, investment and diplomatic ties with the EU
Abu Dhabi Islamic Bank
Top Dubai real estate investments, developers and financing revealed; DIFC hedge fund seeks interns; Pfizer antibiotics update – 10 things you missed this week
Dubai real estate price analysis, traffic fines explained, game-changing property finance and more top stories this week
Arton Capital
German millionaires flock to UAE as Europe’s political chaos, economic woes bite
Political polarisation in Europe is driving an exodus of German, British and French millionaires to the UAE, says Arton Capital chief
Europe
Analysis: Europe’s right-wing shift unlikely to disrupt Gulf trade ties – experts
Europe’s rightward political shift, driven by self-interest, is unlikely to disrupt trade with the Gulf region amid rising nationalism and anti-EU sentiment, experts say
EU
GCC Schengen waiver: UAE, Saudi Arabia, Qatar, Kuwait, Bahrain and Oman pursue visa-free travel to Europe
GCC is in negotiations with EU to secure a Schengen visa waiver for citizens of UAE, Saudi Arabia, Qatar, Kuwait, Bahrain and Oman
EU
Schengen: UAE, Saudi Arabia, Qatar, Kuwait, Bahrain and Oman seek visa-free travel to Europe says GCC secretary general
GCC to meet with European Union to negotiate Schengen visa-waiver for citizens of UAE, Saudi Arabia, Qatar, Kuwait, Bahrain and Oman
China
Global trade to drop 5% this year: UN body
A $2 trillion, or 8%, slump in merchandise trade is the main reason. Services trade this year will increase by $500 billion, or about 7%, from a year ago, report finds
EU
EU announces major new Schengen visa rules, scraps consulate visits and passport stamps
EU Council announces digital visa procedures for Schengen area visitors
Europe
ETIAS: EU delays visa-style travel permit for UAE, UK, US and more until 2025
Europe postpones ETIAS document travel requirement until 2025, according to reports
Africa
UPS fires Dubai staff, shuts down ISMEA region HQ
Delivery giant UPS lays off staff in mass restructuring to shift Indian subcontinent, Middle East and Africa operations to Prague
Europe
ETIAS: Major Europe visit rule change in 2024 means 1.4bn people need new ‘visa’ to visit Schengen area countries
More than 1.4bn people will need new ETIAS travel document to visit Schengen countries in Europe
Abu Dhabi Public Prosecution
UAE public holiday dates; Private sector jobs warning; Dubai traffic fines; Petrol price increase; Major EU Schengen update – 10 things you missed this week
UAE public holiday dates, Dubai traffic fines, petrol price increase, private sector jobs warning, EU Schengen visa updates and more of the biggest news stories this week
coronation
UK gears up for King Charles III’s coronation
The set-piece coronation at Westminster Abbey on May 6 is the first in Britain in 70 years, and only the second in history to be televised
Europe
European gas demand saw steepest drop in recorded history in 2022: IEA
The agency also said global demand is expected to be broadly flat in 2023
Bank of England
Europe’s largest economies record boost in business activity
In the 20-nation euro zone, activity rose at the fastest pace since May 2022
BMW
Motorsports carmaker BMW M revs testing for fully electric high performance cars
Setting more ambitious targets and releasing attractive models, the purely electric drive system is combined with innovative control systems to redefine the combination of dynamics, agility and precision.
