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Borouge building material

Borouge supplies materials worth $26.5m to mega projects in MEA

The company’s materials contribute to reducing carbon emissions generated during the manufacturing process of the pipes and their operational lifespan

Presight AI debuts on ADX

Presight AI surges 176% in Abu Dhabi debut after $496m IPO

The data analytics firm’s shares shot up as much as 176 per cent to Dhs3.70 compared to the IPO price of Dhs1.34 apiece

Aldar unveils the Source

UAE’s Aldar Properties unveils homes dedicated to health and wellbeing

Construction of the project is set to start in the last quarter of 2023, with handovers projected for Q3 2026

Mohamed Ali Al Ansari - Group Chairman of Al Ansari Financial Services

Al Ansari Exchange raises Dhs773m in IPO, attracts bids worth Dhs12.7bn

The company sold 750 million shares and set the final share price at Dhs1.03, implying a market capitalisation of Dhs7.73bn at listing

DP World Logistics Container

DP World’s investments top $10bn in past decade

The company’s investments in 2022 totalled $320m despite slowing demand for logistics services due to the global economic challenges

shipping service

AD Ports Group introduces new shipping service to Kuwait

The service aims to improve commercial connectivity and facilitates trade with Kuwait

CBUAE's CBDC strategy

CBUAE unveils Central Bank Digital Currency strategy

The first phase of CBUAE’s CBDC strategy is expected to complete over the next 12 to 15 months and comprises three major pillars

AD Ports partners with Egypt’s SCZone

AD Ports, Suez Canal Economic Zone partner to develop projects in Egypt

The ports operator will develop projects in the ports of East Port Said, West Port Said and Al Areesh

ADQ AgTech Park commences operations with vertical farming project

ADQ’s AgTech Park begins operations, launches vertical farming project

At full scale, the 200-hectare AgTech Park will target production volumes of over 40 kilotonnes of fresh fruits and vegetables annually

Mubadala Building jv with Ares.

Mubadala, Ares create $1bn JV to invest in credit secondaries

The venture represents a key milestone for both organisations and will enhance Mubadala’s positioning within the secondaries credit market

Gold and silver

Dubai to launch new gold and silver coins

The coins will be made available for purchase after Ramadan

fulfillment centre

Amazon opens a new fulfillment centre in Dubai South

The new facility will increase Amazon’s storage capacity by 70 per cent, supporting a wider selection of products for customers

Ramadan working hours

Ramadan 2023: Significance, best practices and tips

The holy month is considered a time for spiritual renewal and reflection

HH Sheikh Hamdan announces 04 platform for Dubai

Dubai launches 04 platform to enhance govt services

The platform enables customers to submit suggestions, comments and complaints to Dubai government officials in three easy steps

DIFC unveils DIFC Launchpad

Dubai financial hub launches venture building platform ‘DIFC Launchpad’

The programme supports efforts to realise the financial centre’s 2030 strategy to catalyse economic growth

Ramadan 2023

UAE confirms first day of Ramadan 2023

The UAE’s moon-sighting committee announced that March 22 will be the 30th day of Sha’ban

Sustainability roundtable Century Finacial

UAE financial sector reaffirms commitment to sustainability

The round table discussion hosted by Century Financial showcased new sustainability initiatives and partnerships aimed at promoting investments

Rain Showers

UAE weather: Showers hit parts of the country

The National Center of Meteorology reported that the weather is expected to be partly cloudy to cloudy

Dubai Police Ramadan Cannon

Ramadan 2023: UAE moon-sighting committee to meet Tuesday

The sighting of the moon signifies the start and the end of Ramadan, the ninth month of the Islamic calendar

RTA premium number plates auction-112

Dubai premium number plates fetch a total of Dhs38.21m

RTA offered a total of 90 premium number plates for bidding during the 112th Open Auction

1 billion meals

Sheikh Mohammed launches 1 billion meals endowment campaign

It is an expansion of the UAE’s previous Ramadan campaigns

Yolk Brands

Yolk Brands acquires 1762

The eatery joint joins Pickl and BonBird in the group

President Mohamed talks to President Assad

UAE President receives Syria’s Bashar al-Assad

The UAE President drew attention to the need to make all available efforts to facilitate the return of Syrian refugees with dignity to their country

Al Masar Park in Abu Dhabi

Abu Dhabi unveils new park in Khalifa City

Al Masar Park has a 2.1-kilometre jogging track and features 2,841 trees, 58,000 shrubs, and ground-cover plants

SME story: Interview with Jamil Zablah & Wassim Merheby, co-founders of Verofax

SME story: Interview with Verofax founders Jamil Zablah & Wassim Merheby

Verofax is currently at the scale-up stage, providing marketing core competency solutions to six of the world’s top 100 global brands

Expo City Dubai Duet Villas Valley View

Sales for two Expo City Dubai residential communities now open

The Devmark Group is the exclusive sales and marketing partner for Expo City Dubai’s residential offerings

Presight AI IPO oversubcribed

Presight AI’s $496m IPO attracts $25.8bn in orders

The IPO is Abu Dhabi Securities Exchange’s second listing this year and it was oversubscribed by 136 times

Consumers spend more in Malls in 2022 167896190

Revealed: Here’s what consumers in the UAE spent their money on in 2022

Majid Al Futtaim’s latest ‘State of the UAE Retail Economy’ Q4 report, revealed that e-commerce sales continued their strong upward trajectory, more than doubling to $6bn in 2022 from $2.6bn in 2019

Tamara, Goldman Sachs

Goldman Sachs backs BNPL startup Tamara with $150m facility

The facility will help finance the growing demand for bringing the buy now, pay later products in the GCC while continuing its growth across new verticals

UAE FUEL PRICES - PETROL, DIESEL RATES

Shareholders of ADNOC Distribution approve $700m dividend

The company’s full-year net profit surged by 22 per cent year-on-year to Dhs2.74bn while its revenues rose by 54 per cent to Dhs32bn