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UAE

UAE reportedly considering 10-year golden business licences

UAE: New guidelines for public-private partnerships, Sandbox Conditions regulation

The PPP Manual and the Sandbox Conditions regulation are crucial steps in the UAE’s strategy to build the country’s business ecosystem

HSBC

HSBC chooses UAE to debut its global trading platform

HSBC said its WorldTrader platform connects to 77 exchanges across 25 markets

How Antonovich Group is revolutionising MENA’s turnkey market

Here’s how Antonovich Group is revolutionising MENA’s turnkey market

The group is witnessing a surge in clients demanding personalised, sustainable, and technology-integrated designs

stock markets

Subscriptions open for Chimera JP Morgan Global Sukuk ETF: How to invest

Investors can subscribe to the ETF units, during the offering period, which runs until July 2

DDoS cyberattacks

DDos attacks up 183% in MENA amid geopolitical tensions: StormWall

As the geopolitical situation continues to evolve in the MENA region, the frequency and intensity of DDoS attacks by hacktivists as well as malicious actors, are expected to persist

Abu Dhabi launches first-of-its-kind Family Business Index

Abu Dhabi launches first-of-its-kind Family Business Index

The index will provide a deeper understanding of the role and impact of family businesses on the economy and society

ADNOC

ADNOC’s expansion into Europe: 7 landmark deals diversifying its energy operations

ADNOC is striking strategic deals across Europe, as it seeks to diversify, its upstream and downstream operations

Dubai Summer Surprises 2024 to kick off with 12-hour mega sale at these malls

Dubai Summer Surprises 2024 to kick off with 12-hour mega sale at these malls

The mega sale will take place on June 28 from 10am until 10pm, with exclusive discounts of up to 90 per cent across more than 100 brands

UAE floods to impact construction projects

Dubai to build Dhs30bn drainage network after record-breaking floods

The Dhs30bn project targets boosting Dubai’s drainage network’s capacity by 700 per cent

ADNOC revives bid to buy Germany’s Covestro, this time with $12bn offer

ADNOC’s initial informal offer to Covestro was reported in June 2023, but it wasn’t until September last year that the German company entered into open-ended formal discussions

UAE WEATHER

UAE weather: Conditions fluctuate with fog, hail storm and 50 degrees C high

This is the second time in a week, that temperatures in the UAE, neared the 50 degrees C mark.

UGANDA-KIDEPO-NATL-PARK

Uganda, Sharjah sign deal to build new airport at Kidepo National Park

Construction will start in August, said Abdallah Sultan Al Owais, chairman of the Sharjah business body

RedBird - A logo of The Daily Telegraph newspaper on a newsstand in London, UK, on Tuesday, March 12, 2024. Rupert Murdoch’s News Corp. and the publisher of the UK’s Daily Mail tabloid are weighing an offer for the company that owns the Telegraph newspaper and Spectator magazine, alongside United Arab Emirates-backed investment fund RedBird IMI, people familiar with the matter said. Photographer: Jose Sarmento Matos/Bloomberg

RedBird IMI opens bids for its sale of UK’s Telegraph newspaper

RedBird IMI’s sale of the titles is expected to conclude later this year

Smart traffic tech helps cut Dubai journey times by 20%, says RTA

Plans are in place to expand Dubai’s Intelligent Traffic Systems (ITS) technology from 60 per cent to 100 per cent of the emirate’s road network

MUBADALA partners with SAILGP

Sailing-Brazil joins SailGP with backing from Abu Dhabi’s Mubadala

Brazil will start racing from the beginning of SailGP’s fifth season, which is due to begin in November

UAE growth to surpass 6% in 2025, says central bank

A faster growing oil and gas sector in 2025 will boost growth in the UAE, says a report

bartawi

Virtuzone founder: “We’re setting up about 500 companies a month in the UAE”

Virtuzone chairman Neil Petch says the UAE is one of the startup capitals of the world amid the high rate of business registrations in the country

Jochen Knecht - CEO at IFZA on how the free zone is supporting startups and smes

IFZA CEO Jochen Knecht on how the free zone supports startups, SMEs

Jochen Knecht, CEO at IFZA, shares how the free zone is committed to empowering startups with the tools, resources, and support they need to succeed in a rapidly evolving business landscape

Entrepreneur Mahmoud Bartawi on cooking up a startup success

Mahmoud Bartawi founded Under500, a brand that was ultimately acquired by dark kitchen outfit Kitopi after raising $700m from investors

DET CEO OF AI

Dubai’s DET appoints Dr Marwan Alzarouni as CEO of AI

The initiative to appoint chief AI officers across government bodies is part of a broader strategy to integrate cutting-edge AI technologies into the governance structure

UAE banks provide Dhs15.6bn to trade, industrial sectors in Q1 2024

UAE banks provide Dhs15.6bn to trade, industrial sectors in Q1 2024

National banks accounted for 90 per cent of the combined credit to the two sectors, while the remaining 10 per cent (Dhs84.3bn) came from foreign banks

Etihad Airways - new summer routes

Summer travel: Etihad Airways adds new routes to Antalya, Bali, Jaipur and Al Qassim

In addition to the new routes, Etihad has commenced operations to several seasonal destinations and returned to popular summer hotspots

IHC’s shareholders approve Dhs5bn buyback plan

UAE’s IHC shareholders approve Dhs5bn share buyback program

The conglomerate said the rationale behind the buyback is driven by its robust financial standing, characterised by significant cash flow and a strong balance sheet

UAE-MoF-announces-key-projects-toboost-competitiveness Photo-courtesy-WAM-MoF

UAE Ministry of Finance unveils key new projects to boost competitiveness

These projects, led by the Ministry of Finance, are part of the UAE’s comprehensive strategy to future-proof its economy and reinforce its status as a leading global financial hub

Masdar Terna-X

Masdar to pick up 67% stake in Greece’s Terna Energy

Masdar is expanding in several parts of Europe, as well is in Asia, and the US

UAE - Millionaire

Wealth Migration Report 2024: The UAE remains a millionaire’s favourite country

The report shows a significant increase in HNWI migrations, highlighting a growing trend of millionaires seeking stability and opportunity in favourable jurisdictions

Dar Global - Aston Martin launch The Astera

The Astera: Dar Global, Aston Martin reveal what goes into the making of a star

Aston Martin will design ultra-luxury interiors for the Dar Global property, marking its first real estate collaboration in the Middle East

Careem app

Payrails and Careem: Strategic partnership to upgrade payment integration in MENA

By leveraging Payrails’ platform, Careem can route payments along the most strategic paths, driving higher payment conversions and simplifying the checkout experience for its customers

Dubai Future Foundation, Meta launch business incubator programme

Dubai Future Foundation, Meta launch business incubator programme

The business incubator programme will foster collaboration and help exchange knowledge and expertise in AI product development

Abu Dhabi Government lists $5bn bonds on local exchange

Abu Dhabi Government lists $5.3bn bonds on local exchange

The stock exchange said that the listing will be in three tranches, starting on June 21