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GITEX GLOBAL 2024: Two mega venues, one massive tech event

The world’s largest technology exhibition, GITEX GLOBAL, returns for its 44th edition, bringing together tech innovators, start-ups, and investors from across the globe

Switch Foods

How Switch Foods is redefining plant-based eating in the UAE

Switch Foods is transforming the plant-based industry with innovative products, local production, and a commitment to healthier, more sustainable food choices

UAE central bank fines local bank with Dhs5m

UAE fines foreign bank Dhs5m for money laundering breaches

The central bank directed the foreign bank to present the regulator’s action to its board of directors

AI

AI spending spree: Big tech’s quarterly results draws scrutiny

The heightened scrutiny surrounding Big Tech’s AI investments highlights the need for transparency and ethical considerations in AI development

ADX implements insiders' trading ban ahead of Q3 financial disclosures

ADX implements insider trading ban ahead of Q3 financial disclosures

ADX stated that the decision has been taken in accordance with Article No (14) of the Securities and Commodities Authority (SCA) Board of Directors’ Decision No (2/R) of 2001

Abu Dhabi's TAQA Group unveils new brand identity

TAQA Group unveils new brand identity, consolidates operations

The integration aims to scale TAQA’s customer-facing business, enabling the company to expand its services, introduce new products, and explore growth opportunities both locally and abroad

Omniyat unveils Beyond, new waterfront project

Omniyat Group unveils Beyond, a new development company

The group unveiled an 11 million square feet project along Jumeirah’s coastline in collaboration with Dubai Maritime City, featuring Beyond’s upcoming developments

Dubai opens 2 major bridges to ease traffic flow

Dubai just opened two huge bridges — here’s how they’ll change your commute

The Garn Al Sabkha-Sheikh Mohammed bin Zayed Road Intersection Improvement Project is part of RTA’s broader master plan to develop key east-west traffic corridors and arterial roads

Acwa power solar panels

AMEA Power to develop Africa’s largest solar PV project

The projects will bring AMEA Power’s total capacity in Egypt to 2,000MW of solar and wind power, accompanied by 900MWh of battery energy storage systems

Yas Island Airport Lounge unveiled at Zayed International Airport

Yas Island debuts arrival lounge at Zayed International Airport; details here

Yas Island Lounge will welcome visitors headed to the destination with all the information they need to start planning their adventure

Big- data - Cloudera

Why data must be refined like oil to drive business value: Cloudera CEO

Charles Sansbury tells Gulf Business that data like oil requires substantial effort and infrastructure to unlock its full potential

UAE, China look to strengthen comprehensive strategic partnership

UAE President Sheikh Mohamed bin Zayed Al Nahyan and Chinese Premier Li Qiang met this week to discuss economic, political, and cultural cooperation between the nations

IHG, Sankari to debut standalone Regent Residences in Dubai

IHG, Sankari to debut standalone Regent Residences in Dubai

The project, slated for completion by the end of 2027, features a twin-tower development designed by Foster + Partners and is located in Marasi Marina

Abu Dhabi’s MGX in talks to invest in OpenAI: WSJ reports

Abu Dhabi tech investment firm MGX in talks to invest in OpenAI: WSJ reports

The creator of ChatGPT is in talks to raise $6.5bn from investors at a valuation of $150bn

Emirates Development Bank (EDB) launches AGRIX accelerator programme

Emirates Development Bank launches AGRIX accelerator programme

The 20-week programme will provide farmers, agribusinesses, and technology providers with specialised financial solutions and advanced agri-tech tools

The Blackstone headquarters in in New York, US, on Wednesday, July 17, 2024. Blackstone Inc.'s real estate arm weighed on the investment giant’s second-quarter results, as high interest rates crimped property valuations and investors pumped less money into the business. Photographer: Michael Nagle/Bloomberg

Blackstone mulls selling stake in Dubai-based visa firm VFS Global

The asset management firm bought a majority stake in VFS Global from EQT in October 2021, with EQT retaining a minority position

Sheikh Mohammed Establishes New Media Firm ‘Mada’ in Dubai

Sheikh Mohammed establishes new Dubai media firm ‘Mada’

Mada Media Company, a private joint-stock company (PJSC), will be tasked with managing, developing, and operating advertising sites across Dubai

DMCC launches AI Centre to drive global AI solutions

Dubai: DMCC launches AI Centre to drive global AI solutions

The AI Centre will occupy two floors and integrate DMCC’s other tech-focused platforms, including the DMCC Crypto and Gaming Centres

Built for air taxis, Danube unveils Bayz102 tower

Apart from the helipad for sky taxis, Bayz102 is expected to feature more than 40 amenities in Dubai’s Business Bay area

Abu Dhabi: Mair Group for Strategic Investments launches operations

Abu Dhabi: Mair Group for Strategic Investments launches operations

Mair Group’s assets include Makani Real Estate Company, which operates a diverse chain of community shopping centres, and SPAR for retail, which has been active in Abu Dhabi for over a decade

PGIM opens Abu Dhabi office, joining money managers’ rush to UAE capital

PGIM opens Abu Dhabi office, joining money managers’ rush to UAE capital

The investment management firm said it has served clients in the Middle East for many years, but Abu Dhabi office would be its first in the region

How Abu Dhabi’s investment legacy is fostering economic development

How Abu Dhabi’s investment legacy is fostering economic development

The city benefits from a thriving, diversified economy, fueled by strategic vision, structural reforms and prudent economic policies

Abu Dhabi’s tech hub Hub71 attracts $130m in startup investment

Hub71 startups attract $130m in investment; here’s who made it to cohort 15

Cohort 15 startups will benefit from up to Dhs250,000 worth of in-kind incentives and Dhs250,000 in cash for equity through a SAFE note

Dubai - Sheikh Hamdan

Everything you need to know about Dubai’s population registry

The new registry aims to “centralise Dubai’s population data, ensuring accuracy, comprehensiveness and real-time updates”, as per Dubai Media Office

Etihad Airways reportedly plans to list in 2025

Abu Dhabi’s Etihad Airways plans IPO no earlier than 2025, report says

The airline had planned to go public this year, but it decided to wait until 2024 to showcase its strong financial performance

ENEC, India's NPCIL to explore civil nuclear energy collaboration

UAE’s ENEC, India’s NPCIL to explore civil nuclear energy collaboration

The MoU allows for future investment opportunities further reinforcing the special strategic relationship between the UAE and India

Rorix Holdings' Finstreet unveils regulated digital trading platform at ADGM

Rorix Holdings’ Finstreet unveils regulated digital trading platform at ADGM

Finstreet’s subsidiaries – Finstreet Global Market, Finstreet Global Clearing and Settlement, and Finstreet Capital – have received financial services permissions from ADGM’s FSRA

NMDC Energy’s shares surge above 20% on trading debut

NMDC Energy’s shares surge above 20% on trading debut

The construction and dredging services firm offered 1.15 billion shares in NMDC Energy, and the offering was 31.3 times oversubscribed

G42 unveils Hindi LLM ‘NANDA’ at UAE-India Business Forum

G42 unveils Hindi LLM ‘NANDA’ at UAE-India Business Forum

NANDA is a 13 billion-parametre model, trained on approximately 2.13 trillion tokens of language data, with a strong focus on Hindi

Oil prices surge after OPEC + extends output cuts

Oil hovers below $70 for second day

Oil benchmarks fell nearly $3 on Tuesday, with Brent hitting its lowest since December 2021 and WTI falling to a May 2023 trough