ACI Worldwide's Santhosh Rao showcases trends in real-time payments

ACI Worldwide’s Santhosh Rao showcases trends in real-time payments

For businesses, it’s time to rethink where real-time payments sit in the customer journey and the end-to-end payments landscape, says Santhosh Rao, SVP MEASA, ACI Worldwide

Dubai South: Final phase of South Bay project sells out in 4 hours

Dubai South: Final phase of South Bay project sells out in 4 hours

Upon completion, South Bay will feature over 800 spacious villas and townhouses and more than 200 luxurious waterfront mansions

UAE banks liquid assets rise in Q1 2024_CBUAE GettyImages-927096466

UAE banking sector’s liquid assets rise to Dhs786.6bn in Q1 2024

CBUAE highlighted a quarter over quarter rise of 5.7 per cent, equivalent to Dhs42.7bn, compared to about Dhs743.95bn at the end of Q4 2023

Qstay, a hospitality and rental investment property management platform Secures $4.6m in Pre-Series A funding Image Supplied

Dubai-based Qstay secures $4.6m in pre-Series A round

Qstay currently operates over 300 properties across nine markets in four countries, with plans for further expansion into additional markets between 2024 and 2026

Edmond de Rothschild

Edmond de Rothschild to open Saudi office and launch debt platform

The platform could help Saudi Arabia with its vast Vision 2030 plan

DMCC attracts 160 Indian companies in H1 2024 as trade corridor booms

DMCC attracts 160 Indian companies in H1 2024 as trade corridor booms

India and South Asia hold strategic importance for DMCC, particularly in sectors like technology, precious stones and agriculture

Bahrain holiday

Eid Al Adha 2024: Holiday dates for Bahrain, Kuwait and Oman

Eid Al Adha, is one of the most significant events in the Islamic calendar, and is marked by special prayers, feasts, and acts of charity

flyadeal gets 33rd aircraft delivery. the company received the aircraft at the Toulouse facility Image Supplied

Saudi low cost carrier flyadeal increases fleet size

With the addition of the latest Airbus A320neo, the carrier has increased its fleet size to 33 narrowbody jets

Dubai’s Eywa partners with Mindvalley to create centre of excellence

As part of the tie-up, the six-and-a-half-thousand-square-foot Eywa property will serve as a sanctuary for Mindvalley’s masters

Riverland Fireworks Image-Dubai-Parks-and-Resorts

Eid Al Adha fireworks in Dubai: Where to watch

Dubai Parks and Resorts has organised a fireworks display, as well as a laser show, to celebrate Eid Al Adha

Brookfield Place is Dubai’s newest placemaking destination

Brookfield eyes $5bn for UAE-backed climate fund

The asset management firm said at least 10 per cent of the fund’s capital will be provided by Brookfield, which manages a portfolio of $925bn

Presight and Dell technologies sign MoU_GettyImages-1194176305

Dell Technologies, Presight ink MoU to drive digital innovation in UAE

The partnership will leverage Presight’s expertise in AI and data analytics with Dell’s capabilities in compute, storage, data protection and network solutions

UAE-WEATHER-rain

Eid Al Adha rains in the UAE: NCM forecasts intermittent showers

Residents can expect high temperatures across all emirates, with highs reaching into the 40s

UAE-President and ruler of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan approves second housing benefits package photo-courtesy_WAM

Abu Dhabi approves Dhs3.3bn housing benefits package for citizens

The housing benefits package includes housing loans worth over Dhs3.046bn, aiding 1,766 citizens in Abu Dhabi

Free parking

Eid Al Adha 2024: Free parking and transport timings in Dubai, Sharjah and Ajman

The RTA has announced free public parking timings and operating hours for the Dubai Metro and Dubai Tram services

Dubai’s off-plan market a crucial factor to watch, says Firas Al Msaddi

A key factor to watch in the Dubai real estate sector is the gap between off-plan and resale market prices, says the fäm Properties CEO Firas Al Msaddi

G7 ITALY

What’s on the G7 agenda?

The summit is due to kick off on June 13 with a discussion about Africa, climate change, and development

ORO24’s Atif Rahman on Dubai’s meteoric ‘875% real estate growth’

Atif Rahman took to the stage of Gulf Business’ first-ever Business Breakfast briefing to talk about his insight into the growth of Dubai’s real estate sector

NEOM Capella in Elanan_Image_1

Saudi Arabia: Capella Hotels announces wellness-themed resort at NEOM

Capella’s renowned wellness experiences are tailored to individual needs and utilise lunar phases as a guiding principle

Eid Al Adha 2024

Eid Al Adha 2024: Dubai announces holiday dates for private schools

Dubai’s announcement aligns with the broader UAE government’s holiday schedule for Eid Al Adha, ensuring consistency across various sectors

Emirates NBD and Citi partner to offer 24 7 USD cross broder payments _GettyImages-910730068-1-e1690091225134

Citi, Emirates NBD to launch round-the-clock USD cross-border payments

The service, initially available in Emirates NBD’s branches in the UAE and Saudi Arabia, aims to eliminate payment flow barriers caused by different weekend schedules

KUWAIT-MANGAF-FIRE

Tragic fire in Kuwait’s Ahmadi Governorate claims at least 49 lives

Kuwaiti authorities said that the death toll may go up with many more seriously injured in the blaze

UAE cabinet approves housing aid valued at Dhs1.86bn ahead of Eid-Al-Adha

UAE Cabinet approves housing aid valued at Dhs1.86bn ahead of Eid-Al-Adha

In addition to approving the housing aid, the cabinet launched the Manzili initiative, a streamlined service bundle designed to simplify the housing loan application process for programme beneficiaries

interest rate

CBUAE holds interest rate at 5.40%, mirroring US Fed’s decision

The US Fed’s decision to pause rate adjustments comes as inflation levels, although declining, has not required drastic changes in the economic landscape

SMASCO lists on Saudi tadawul after IPO getty-Images

Saudi’s SMASCO lists on Tadawul following successful IPO

The final offer price was set at SAR7.50 per share, at the top end of the price range, raising gross proceeds of approximately SAR900m

Saudi Arabia, Qatar - GCC

Qatar-Saudi relations flourish with surge in business activity

For Qatar, a top liquefied natural gas exporter, it is a chance to strengthen ties with its Arab neighbour, as well as try to diversify its economy

Red Sea

Red Sea crisis pushing 47% crude oil, fuels around Africa

According to data provided by EIA, total US trade around the cape rose by about one-third, in the first six months of 2024

boxing PIF SAUDI

Saudi’s PIF holding talks to create billion-dollar boxing league: Reports

PIF wants to create a venture that would bring the main sport’s organisers together, in which it would take a minority stake, say reports

ADNOC LNG

ADNOC awards multi-billion dollar contracts for Ruwais LNG plant

ADNOC’s Ruwais facility is expected to be the region’s first LNG export facility to run on clean power

Adnoc-gordon-tech

UAE’s ADNOC Drilling, Alpha Dhabi Holding to become majority shareholders in Gordon Tech

Prior to the deal, Gordon Technologies, based in Louisiana, was primarily owned by Houston-based private equity firm Pelican Energy Partners