Dubai real estate price analysis, traffic fines explained, game-changing property finance and more top stories this week
Germany
Latest in Germany
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
energy transition
ACWA Power, SEFE join forces to supply 200,000 tonnes of green hydrogen yearly to Europe
The move also marks a pivotal step in strengthening energy cooperation between Saudi Arabia and Germany
Canada
G7 in Italy: Ministers back Middle East ceasefire plan, pledge $50bn for Ukraine – All you need to know
The meeting brought together foreign ministers from Canada, France, Germany, Italy, Japan, the UK, the U.S. and the High Representative of the EU
abu dhabi flights
Etihad Airways announces new Abu Dhabi to Düsseldorf and Copenhagen flights
Etihad Airways expands European network with daily flights to Düsseldorf and Copenhagen
Abu Dhabi National Oil Company (ADNOC)
Abu Dhabi’s ADNOC targets giant $16bn takeover of Germany’s Covestro
ADNOC has launched a takeover bid for German industrial giant Covestro
Expats
Germany plans to lower taxes for some foreign skilled workers
The move, part of the government’s “growth initiative”, is seen as an attempt to attract more foreign qualified specialists to the country
Central Bank of Lebanon
Germany drops arrest warrant for embattled ex-Lebanon central bank chief Riad Salameh
The world’s longest-serving central bank chief has been accused of corruption, money laundering, and other crimes
GCC
Germany records increase in GCC travellers by 15% in 2023
The GCC region ranked among the top three markets for arrivals, after US and China
Bahrain
Gulf Air announces Bahrain to Munich flights
Gulf Air will introduce Bahrain to Munich flights in July 2024
free zone
UAE free zone opens Germany office amid global expansion plan
UAE free zone IFZA expands European operations with Germany headquarters
Chennai
Emirates cancels Dubai flights to India and Europe
Emirates cancels flights to Munich and Chennai due to extreme weather
Abu Dhabi
UAE holiday dates; Petrol price increase; Inside Etihad Rail; Dubai Miracle Garden returns – 10 things you missed this week
UAE holiday dates, petrol price changes, inside Etihad Rail, Dubai Miracle Garden reopens and more top news stories this week
Egypt
Major Kuwait visa changes boost travel to EU Schengen countries and Egypt
Kuwait benefits from more Schengen visas in Germany and Italy, plus new five-year Egypt visa
Abu Dhabi
Etihad announces massive expansion with new destinations and increased flights
Etihad launches Germany, Denmark and Japan flights ahead of increased routes in 2024
FDI
TSMC in the UAE: What we can learn from Germany’s semiconductor FDI coup
The semiconductor supply chain security is considered a matter of national security, particularly with the rise of AI, which makes the news all the more interesting
Emirates
Emirates cancels Dubai flight due to storm
Emirates and Etihad flights into UAE cancelled due to storm