PIF mulls bigger stake in Nintendo.

Levelling up? Saudi’s PIF mulls bigger stake in Nintendo

PIF currently owns 8.58 per cent of Nintendo and has stakes in video game companies Nexon, Capcom, and Koei Tecmo

Golden visa for Dubai teachers.

Top of the class: Dubai’s best teachers now eligible for golden visas

Golden Visas will be awarded to top educators in private early childhood centres, schools, and higher education institutions in Dubai

UAE weather: convective clouds, possible rain over Oct 6-9

Rain alert: UAE set for cloudy skies, possible showers from Oct 6-9

The NCM has predicted a probability of local convective cloud formation in Eastern areas, potentially leading to rainfall on Sunday

UAE, Serbia strengthen economic partnership, exchange CEPA

UAE, Serbia strengthen economic partnership, exchange CEPA

This agreement is poised to deepen trade ties and investment opportunities, focusing on priority industries, creating jobs, and bolstering supply chains

Dubai: RTA lifts ban on e-scooters for metro commutersImage: Getty Images

E-scooters allowed on the Dubai Metro again – but these are the new rules

Foldable e-scooters without seats will now be allowed on both the metro and tram, provided they meet specific size and weight restrictions

TAQA prices $1.75bn dual-tranche bond offering, includes green bond

TAQA prices $1.75bn dual-tranche bond offering, includes green bond

The company has now secured a total of $1.85bn in green financing since 2023, supporting its ongoing decarbonisation efforts and expansion of its low-carbon energy portfolio

Abu Dhabi fund ADQ, EQTY Lab team up to launch ClimateGPT

ClimateGPT: Abu Dhabi’s ADQ, EQTY Lab team up to launch new tool

The initiative aims to build trust and accountability in ADQ’s AI implementations and drive transformation across its portfolio

Azizi developments to set up 12 factories in KEZAD-Warehouses Image Kezad For illustrative purposes

Azizi Developments to invest Dhs1bn to build new factories at KEZAD

The factories, spanning 220,000 square metres, will produce essential equipment and parts for the real estate sector

Sheikh Mohammed approves new master plan for Expo City

Sheikh Mohammed approves new master plan for Expo City Dubai

Building on its legacy as the site of the 2020 World Expo and COP28, the development will be a catalyst for Dubai’s progress in various fields

IMF says escalation of Middle East conflict poses economic risks

IMF says escalation of Middle East conflict poses economic risks

The main channels for the conflict to impact the global economy have been through higher commodity prices, including oil and grains

Etihad Rail New brand launch

Etihad Rail unveils new brand identity, reflecting vision, plans

Embodying the nation’s Spirit of the Union, the new identity represents the connectivity and cohesion between the various cities and regions of the UAE created by the railway network

Abu Dhabi's family offices are key contributors to the emirate's economy GettyImages-1239915485

How family offices are driving growth, diversification in Abu Dhabi

Family offices, in partnership with the public sector, will remain at the heart of the growth and transformation being seen in the emirate, as it continues to thrive across key industries and beyond

Saudia, Delta Air Lines team up to expand global network

Saudia, Delta Air Lines team up to expand global network

Delta customers will gain access to nine destinations in Saudi Arabia and the Middle East, while Saudia flyers will gain access to 12 destinations in the US

UAE insurance sector reports profits of Dhs2.5bn in 2023: CBUAE

UAE insurance sector reports Dhs2.5bn in profits in 2023: CBUAE

According to CBUAE, the insurance sector’s growth was driven by increased policy activity, investment returns, and a rising demand for coverage in key areas such as property and employment

OPEC+ advisory panel upholds output policy

OPEC+ panel sticks to output policy, doubles down on compliance

The group OPEC+ is cutting output by a total of 5.86 million bpd, or about 5.7 per cent of global demand, in a series of steps agreed since late 2022

OpenAI secures $6.6bn investment from Abu Dhabi’s MGX, Nvidia

OpenAI secures $6.6bn investment from UAE’s MGX, Nvidia

The company’s valuation has risen from $14bn in 2021 to $157bn as it grew revenue from zero to $3.6bn

OPEC+ doing ‘noble’ job of balancing oil market, says UAE

OPEC+ doing ‘noble’ job of balancing oil market, says UAE

UAE energy minister said OPEC+ has sacrificed more than others but the critical element is that it is staying together

UAE’s DAE, AXA clinch deal as UK battle over jets ‘lost’ in Russia kicks off

UAE’s DAE, AXA clinch deal as battle over jets ‘lost’ in Russia kicks off

The Dubai aircraft leasing firm had valued its claim for 22 aircraft, one engine and one piece of equipment at $737.8m

Etoile Group's Ingie Chalhoub on navigating the future of luxury fashion

Etoile Group’s Ingie Chalhoub on navigating the future of luxury fashion

Globally, the fashion industry has pivoted towards a more sustainable approach and that’s translated to the Middle East retail environment, says the founder and president of the luxury retailer

Abu Dhabi’s non-oil economy grew 6.6% in Q2 2024

Abu Dhabi’s non-oil GDP surges by 6.6% in Q2 2024

The finance and insurance sector registered a record 13.4 per cent growth in Q2 2024, contributing 7.4 per cent to the GDP

Dubai launches centralised IP HUB Image for illustrative purposes -Dubai-Media-Office

Dubai’s new centralised IP hub to support innovators

The hub has a user-friendly digital interface, which centralises information, tools, and guidelines, making access to intellectual property resources more straightforward

TECOM to buy commercial asset in Dubai Internet City for Dhs720m

TECOM to buy commercial asset in Dubai Internet City for Dhs720m

The commercial asset features five interconnected blocks offering a gross leasable area of 370,761 square feet

Saudi's ROSHN secures $2.4bn syndicated loan to drive growth

Saudi’s ROSHN secures $2.4bn syndicated loan to drive growth

The credit facility is expected to provide ROSHN with the financial flexibility needed to pursue new opportunities and strengthen its position

ADNOC to buy German chemicals firm Covestro for $18bn

ADNOC to buy German chemicals firm Covestro for $18bn

The deal marks a cornerstone for ADNOC’s plans to grow its petrochemicals business along with gas and renewable energy

Saudi Arabia expects deficit of 2.9% of GDP in 2024

Saudi Arabia expects deficit of 2.9% of GDP in 2024

The Gulf state expects to post a fiscal deficit of SAR118bn, wider than the SAR79bn projected in the 2024 budget statement last December

Podeo raises $5.4m in series A round

MENA podcast platform Podeo raises $5.4m in series A round

Podeo started as a podcast app but quickly evolved into an all-in-one platform that streamlines content creation, distribution, and monetisation

US sets new rule that could spur AI chip shipments to the Middle East

US sets new rule that could spur AI chip shipments to the Middle East

The US will work with foreign data centres that apply for the Validated End-User program as well as host governments

Qatar Airways to buy 25% stake in Virgin Australia from Bain

Qatar Airways to buy 25% stake in Virgin Australia from Bain

The stake sale serves as a cornerstone investment ahead of an anticipated return of Virgin Australia into public ownership

UAE rainfall

Downpour hits Dubai: Rare rainfall catches residents off guard

The rainfall comes amid the National Centre of Meteorology having issued yellow and orange warnings for parts of the Emirates

UAE: Petrol, diesel prices for October 2024 announced

UAE cuts petrol, diesel prices for October 2024

The fuel price committee reduced retail prices for Super 98, Special 95, and E-Plus 91 by as much as 0.24 fils per litre in October