Louvre

Louvre Abu Dhabi draws over 1.2million visitors in 2023

Since its opening in 2017, the Louvre Abu Dhabi has not only attracted art enthusiasts and collectors but also positioned the emirate as a global cultural hub

The 2023 Dubai World Cup

Dubai World Cup closing ceremony: 4000 drones and fireworks on display

The Dubai World Cup provides a truly global stage upon which the best horses in the world come to compete every year

TAQA, JERA to build cogeneration plant in Saudi Arabia

TAQA, JERA to build cogeneration plant for Saudi Arabia’s SATORP

The petrochemical complex is expected to house one of the largest mixed-load steam crackers in the Arab Gulf region

Oman

Oman launches $5.2bn ‘future fund’ to drive economic development

By focusing on critical areas, the ‘Future Fund Oman’ aims to revitalise the country’s economic pillars and propel sustainable growth

Modern Mills Company starts trading on tadawul after successful IPO GettyImages-1057624978-e1636003123118

Modern Mills Company debuts on Tadawul; IPO generated $40bn in orders

The IPO involved the offering of 24,549,600 shares, constituting 30 per cent of the company’s issued share capital

Kuwait eid break

Kuwait announces 5-day Eid al Fitr holiday

Those employed in the public sector will be off for Eid Al Fitr from Tuesday, April 9 to Thursday, April 11

Opec+ oil output policy

OPEC+ unlikely to move oil output before June meeting

This year, international oil prices have been strong, with Brent holding above $80 a barrel

home mortgage offers - Huspy, Holo

Huspy versus Holo: Mortgage offers under 4% for homebuyers

Driven by technology, various platforms are offering an interface that is secure and transparent, along with financing options from multiple lenders

DUBAI-WORLD-CUP - HORCE RACE - $12M PURSE

All you need to know about the Dubai World Cup: Races, stakes, and dress code

A highlight in the sporting and social calendar, this meet is considered one of the world’s most spectacular race days

GCAA introduces CARDS system to help cargo sector GettyImages-692496282

UAE’s new cargo data reporting system is primed to support providers

The platform will furnish an analytical overview of air cargo movements within, to and from the UAE

Dubai ALEC IPO on the cards

Dubai considers IPO for ALEC amidst property boom: Reports

Investment Corporation of Dubai is said to consider listing ALEC

Brent oil price forecast Bloomberg GettyImages-1384536093

Oil market sees frenzy of hedge fund buying as traders turn bullish: Opinion

In a sign of how bullish investors were becoming most buying came from the creation of new long positions

Cheyne Capital secures investment from Abu Dhabi’s ADIA

Abu Dhabi unveils new Dhs3.5bn residential project for citizens

The Yas Canal project in Abu Dhabi will comprise 1,146 residential villas for UAE Nationals and is scheduled for completion in Q4 2027

EMIRATES - Sir Tim Clark is backing Boeing-Spirit merger

Emirates’ Sir Tim Clark urges Boeing to prioritise safety in CEO search – FT

Clark’s remarks underscore the growing pressure on Boeing to address its governance and safety concerns effectively

RTA to open co-working space at Burjuman metro station

Dubai’s RTA pilots co-working space at Burjuman Metro Station

The co-working space offers seamless accessibility via the metro and other public transport modes, obviating the need for a car

QatarEnergy-sign time-charter deal with for 25 LNG vessels Image QatarEnergy

QatarEnergy, Nakilat ink time-charter deal for 25 LNG vessels

Under the 15-year time-charter party agreements, Nakilat will charter out the vessels to affiliates of QatarEnergy, facilitating the seamless transportation of LNG to key destinations worldwide

onion ban - India

India extends ban on onion exports indefinitely ahead of general election

Traders estimate that India accounts for more than half of all onion imports by Asian countries

Mubadala to acquire Kelix Bio Image WAM

Mubadala to acquire international biopharma firm KELIX bio

KELIX bio, founded in November 2020, has swiftly emerged as a key player in the pharmaceutical industry, offering more products to markets across the Middle East, Africa and Asia

Lucid Group secures $1bn from Saudi PIF affiliate

Saudi-backed Lucid Group to raise $1bn from PIF affiliate

The automaker plans to use the proceeds for general corporate purposes including capital expenditures and working capital

fuel-petrol-diesel-prices

UAE to announce fuel prices for April 2024: Will petrol, diesel rates increase?

The UAE announces the price of petrol and diesel, to be sold at retail outlets, at the end of each month

Saudi fund for development invests in hydropower projects in Pakistan Image SFD

Saudi Fund for Development invests in clean energy projects in Pakistan

The agreements mark a pivotal stride in advancing clean energy projects within Pakistan, aiming to address challenges associated with conventional energy sources and their financial burdens

rain- cloud - thunderstorms

Weather alert: Convective cloud activity, rainfall warning for parts of UAE

The UAE’s weather agency has issued a yellow alert for parts of the country

Deepak Chopra’s Beacon Media eyes Hollywood merger, Middle East expansion

The potential merger aims to finance and produce over 50 films in the next ten years from the Global South, targeting regions such as Africa, Asia, India, Latin America, and the Middle East

Here’s what Dubai’s new 20% tax regime for foreign banks means

Here’s what Dubai’s new 20% tax regime for foreign banks means

The new tax regime clarifies that the headline 9 per cent corporate tax will be creditable against the emirate-level tax on foreign banks

Scam alert on mobile phone screen

Scam alert: Beware of phishing emails that impersonate CBUAE

A fresh round of scam messages were sent to residents in the UAE, impersonating the Central Bank of the UAE

IOTA launches $10m fund at Investopia 2024

IOTA launches $10m fund to support startups, venture projects

The fund seeks to enhance the trade technology landscape and foster a more interconnected, efficient, and accessible global trade system

Four Seasons wellness resort and residences at Amaala Triple Bay Image RSG

Four Seasons, RSG to develop luxe wellness haven at AMAALA Triple Bay

This venture positions Four Seasons as the latest addition to the lineup of luxury brands at Triple Bay, situated along Saudi Arabia’s stunning northwestern coastline

Eid Al Fitr holiday dates Saudi Arabia

Eid al Fitr 2024: Saudi Arabia announces holiday dates for public and private sector

The holiday will begin at the end of the work day on Sunday, April 7, with most employees getting four days off to mark the festival

ACWA Power says breakdown at Morocco solar plant costs firm $47m

ACWA Power says breakdown at Morocco solar plant costs firm $47m

The 150-megawatt plant, part of the Noor Ouarzazate solar complex, will be forced to remain idle until November 2024

Lubambe copper mine - IHC

UAE conglomerate IHC looking to invest in Zambian copper deal

International investors in Africa are in a race to acquire long-term supplies for critical minerals