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Sustainable mobility startup E Daddy raises $15m

Sustainable mobility startup E Daddy raises $15m

The company, which has facilities in Dubai Industrial City and the National Industries Park, plans to launch its first fully electric motorcycle in Q1 2025

Bayanat, Yahsat launch UAE’s first low-orbit radar satellite

The launch, a collaboration with SAR specialist ICEYE, marks a major milestone in the UAE’s space ambitions.

Brookfield Solano County California

Masdar to help power up Egypt with 200MW wind project

The consortium, comprising Egypt’s Infinity Group and UAE-based Masdar, will develop, finance, and operate the onshore wind project

Chinese automaker Chery expands UAE presence, opens new showroom

Chinese automaker Chery expands UAE presence

The Dubai showroom’s launch follows the debut of Chery’s flagship showroom in Sharjah, with plans to extend its presence to Abu Dhabi and other emirates

Chinese firms see dubai as an ideal launchpad for businesses Getty Images-1417041621

Why Chinese firms view Dubai as a launchpad for global growth

The Dubai Business Forum – China aims to further bolster cooperation between Dubai and Chinese public and private sector entities

US-ECONOMY-INFLATION-DATA

Dubai inflation numbers down in July: Is a rate cut on the horizon?

Dubai’s CPI moved down marginally to 111.56 points in July from 111.65 points in June, according to Dubai government data

Dubai’s DFM signs MoU with Shenzhen Stock Exchange

Dubai bourse signs MoU with Shenzhen Stock Exchange

Both exchanges will explore cooperation on dual-listing, ETFs, mutual display of indices, and fixed-income products

Giuseppe Saba - CEO of Dubai Humanitarian shares insights on why Why supporting emergency funds is a moral, practical necessity

Why supporting emergency funds is a moral, practical necessity

Corporate social responsibility initiatives directed towards emergency response can make a substantial difference, providing financial resources, logistical support and expertise

RTA unveils updated OOH advertising manual

Dubai’s RTA updates Out-of-Home advertising manual

The manual features several enhancements including improved site planning for advertisements and elevated traffic safety standards

AD Ports' Noatum makes entry into Egypt; acquires Safina Shipping Services

AD Ports’ Noatum enters Egypt market; acquires Safina Shipping Services

Safina, a key player in the Egyptian maritime industry, offers comprehensive agency services and maritime logistics to shippers, serving the metals, minerals, and fertilisers sectors

Arada

Arada’s foray into Australia’s real estate market amidst a housing crisis

The sales and construction of the project, located in Sydney, will begin in 2025

Dubai real estate trends from leading develoeprs GettyImages-1345007377

Building on growth: Dubai developers share key real estate trends

Well-known Dubai-based developers share insights into key trends shaping the offerings of Dubai’s real estate sector

ADNOC Driling Rig at Upper Zakum - MSCI Index listing

ADNOC Drillling to join MSCI Index this month

ADNOC Drilling is the largest drilling and integrated services company in the Middle East

Abu Dhabi’s ADX signs MoU with Armenia Securities Exchange

Abu Dhabi’s ADX signs MoU with Armenia Securities Exchange

The agreement is expected to strengthen cross-border market activity between the two markets

DP World H1 2024 performance Image-by-WAM

DP World reports resilient H1 results amidst global challenges

Revenue for the period ending June 30, increased by 3.3 per cent to $9.34bn, driven primarily by strong growth in its Ports and Terminals segment

AD Ports Group completes acquisition of Tbilisi Dry Port, takes 60% stake

AD Ports completes acquisition of Tbilisi Dry Port, owns 60% stake

The state-of-the-art, rail-linked, and custom-bonded intermodal logistics hub in Georgia is scheduled to begin operations in October

Abu Dhabi expands scope of freelancer licences; 30 new activities included

Abu Dhabi expands scope of freelancer licence; 30 new activities included

Last year, ADDED issued 1,013 freelancer licences, reflecting growing interest from individuals seeking to establish and operate their businesses

ADGM says company registrations up 31% in H1 2024

ADGM says company registrations up 31% in H1 2024

The financial hub issued 1,271 new licences in H1 2024, a 20.5 per cent increase compared to the corresponding period a year ago

Dubai Police - traffic fine

UAE driving fines: Participate in Dubai Police’s ‘accident-free day’ to remove black points

The ‘accident-free day’ campaign aims to foster a culture of responsible driving

UAE’s Ayesha Al Mehairi aims for top 8 finish in her second Paralympics

UAE’s Ayesha Al Mehairi aims for top 8 finish in her second Paralympics

With a strong focus on self-belief and determination, the 48-year-old shooter, a mother of five, expressed her goal of finishing in the top eight in Paris

Salik H1 2024 results

Salik announces H1 results, approves interim dividend of Dhs544.8m

Salik registered 238.5 million revenue-generating trips in H1 2024, reflecting a 4.9 per cent increase year-on-year

Etihad Rail launches sustainable finance framework

Etihad Rail unveils sustainable finance framework in green push

The sustainable finance framework was developed in collaboration with First Abu Dhabi Bank and Standard Chartered Bank

Abu Dhabi’s ADQ reportedly eyes Bank Audi’s Turkish unit

Abu Dhabi’s ADQ reportedly plans to acquire Bank Audi’s Turkish unit

Deliberations between ADQ and Bank Audi are reportedly ongoing, and no final decisions have been made

Abu Dhabi’s TAQA Group posts Dhs4.4bn in first-half net income

Abu Dhabi’s TAQA Group posts Dhs4.4bn in first-half net income

The utility firm’s revenue in the six months ended June 30 rose by 2 per cent to Dhs27.2bn, supported by the contribution from SWS Holding

Empowering local talent to build Dubai's future amis properties _Getty Images

Insights: Empowering local talent to shape Dubai’s economy

We need more domestic craftsmanship and innovation to shape Dubai’s economic, cultural and aesthetic future

Air Arabia reports a 7% decrease in Q2 net profit

Air Arabia’s Q2 profit tanks by 7%, despite robust passenger demand

The budget carrier’s profit for the three months to June 30 dropped to Dhs427m, compared to Dhs459m for the same period a year ago

ADNOC Group’s listed units post Dhs89bn in combined H1 2024 revenue

ADNOC Group’s listed units post Dhs89bn in combined H1 2024 revenue

The robust performance reinforces the companies’ foundation for sustained growth as they continue to execute individual strategies

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UAE economy to grow robustly on back of real estate, tourism: OPEC

OPEC highlighted the steady expansion of the UAE’s economy, supported by strong domestic and international economic activities

AD Ports X

AD Ports Q2 net profit surges 42% to Dhs439m

AD Ports Group’s revenue more than doubled YoY to Dhs4.18bn in Q2, with the number touching Dhs8.06bn for H1,  a 108 per cent YoY increase

Izmir port

Abu Dhabi in talks with TWF for $500m Izmir Port deal: Reports

Izmir Port, part of the the Turkish Wealth Fund portfolio, is among the largest ports in Turkey in terms of container volume