BHM Capital, a leading financial institution in the capital markets of the United Arab Emirates, has launched its market making operations on Bahrain Bourse (BHB), following the successful completion of all regulatory, technical, and operational requirements in coordination with the relevant authorities in Bahrain.
The UAE continues to strengthen its position as one of the world’s leading centres in the financial technology (FinTech) sector led by its two main hubs - Dubai International Financial Centre (DIFC) and Abu Dhabi Global Market (ADGM) - and its market is poised to hit $5.71 billion by 2029, said a report.
More than 1.4 million passengers used UAE airports between March 1–12, according to the UAE GCAA. National carriers are restoring operations, reaching 44.6% of overall activity compared with operational levels before the current regional tensions.
UAE-based Azizi Developments has announced that work is moving at a steady pace on its contemporary, metro-connected residential development - Azizi Zain - within the Al Furjan community development in Dubai, with nearly 55% of the project already completed.
UAE's Federal Authority for Identity, Citizenship, Customs and Ports Security has decided to allow residents currently outside the UAE whose residency permits have expired to return to the country, as prevailing circumstances in the region have prevented their return due to airspace closures.
Wego reports more UAE residents choosing Eid Al-Fitr staycations, with rising searches for luxury hotels, beachfront resorts, and wellness retreats across Dubai and other UAE destinations as overseas travel becomes more selective.
Schneider Electric, a global energy technology leader, has announced that it is collaborating with Tradeling, a major B2B digital ecosystem in the Mena region, to introduce its Lauritz Knudsen (LK) and Industrial Automation solutions across the UAE through innovative hybrid route-to-market system.
Saudi Arabia has curtailed its crude oil production by an estimated 2 million to 2.5 million barrels per day, while the UAE has reduced output by approximately 500,000 to 800,000 barrels daily, Bloomberg reported.
EgyptAir will gradually resume flights to the UAE, operating two daily flights to Dubai and one to Sharjah. From March 10, the airline will also run one daily flight to Abu Dhabi.
Arada Foundation said it has expanded its emergency accommodation support for travellers stranded in the UAE due to flight cancellations, opening 150 rooms at Aljada in Sharjah - free of charge. The move comes after an initial allocation of 100 rooms at Nest Hotel was fully booked, prompting Arada to release another 50 rooms.
