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Abu Dhabi is MENA region's fastest-growing emerging startup hub, reveals study Image provided by Hub71 - Abu Dhabi's Global Tech Ecosystem

Abu Dhabi is MENA region’s fastest-growing emerging startup hub, reveals study

The GSER report highlighted Abu Dhabi’s strengths in the fintech, agtech and new food, and climate tech sectors, citing the density of talent, support resources, and startup activity

Sofitel The Palm

Dubai’s hospitality boom: Sofitel The Palm’s Christophe Schnyder discusses surging tourism and future challenges

The industry veteran discusses Dubai’s hospitality sector growth, competition, and sustainability efforts in a dynamic tourism market

Air Arabia debuts daily service to Kraków in Poland

Air Arabia debuts daily service to Kraków in Poland

The daily service is expected to boost tourism and trade, leveraging Kraków’s growing appeal as a cultural and economic hub

DIFC-based Aditum and scb partner on first of its kind fund structure -Image-WAM-DIFC

Aditum, SCB partner on new fund structure; 4 funds launched, 10 approved

This launch marks a major milestone as the first fund structure to be made available to UAE investors under the new UAE regulatory regime for public funds

Dubai Mall's new paid parking system starts on this date

Dubai Mall’s paid parking system starts on this date

The initiative aimed at enhancing the guest experience, improving parking availability and streamlining the process will apply to Grand Parking, Cinema Parking and Fashion Parking

Advent and ADIA unit to acquire minority stake in Fisher Investments

Advent and ADIA unit to acquire minority stake in Fisher Investments

The money-management firm oversees $275bn for more than 150,000 clients including individuals and institutions

UAE DUBAI cost of living

Mercer’s 2024 Cost of Living City Ranking: How expensive is Dubai?

The ranking highlights how cities around the world fare in terms of living expenses for expatriates

UAE weather rain summer temperatures

UAE weather: Temperatures soar to 49.5 degrees C, light rain offers brief respite

Residents and visitors are advised to stay hydrated, avoid prolonged exposure to the sun, and seek shelter during peak heat hours

Oil prices surge after OPEC + extends output cuts

Oil funds temper bearishness after OPEC+ reassurance

Inventories of both gasoline and diesel have been rising relative to the seasonal trend in the US, and consumption growth for oil remains tepid across major markets

Brookfield-led consortium to invest in GEMS Education

Brookfield-led consortium agrees to invest in Dubai’s GEMS Education

The investment will allow CVC Capital Partners to substantially exit its GEMS stake five years after it bought into the firm

Goldman Sachs sees oil demand growing until 2034

OPEC sees no peak oil demand long term, secretary general says

OPEC+ members are cutting output by a total of 5.86 million bpd, or about 5.7% of global demand

Broaden energy to build green hydrogen equipment manufaturing facility in Abu Dhabi GettyImages-1340022435 Image for illustrative purposes

Broaden Energy to set up Dhs1bn hydrogen equipment facility in Abu Dhabi

The UAE aims to rank among the top 10 producers of green hydrogen globally by 2031, with a production target of 1.4 million tonnes annually

Federal authorities to support AGWA cluster GettyImages-Tatian-Dolgova-1258165850-1

Abu Dhabi: Federal regulators unite to bolster new AGWA cluster

The AgriFood Growth & Water Abundance cluster aims to play a leading role in global efforts to tackle food shortages and water scarcity

ACI Worldwide's Santhosh Rao showcases trends in real-time payments

ACI Worldwide’s Santhosh Rao showcases trends in real-time payments

For businesses, it’s time to rethink where real-time payments sit in the customer journey and the end-to-end payments landscape, says Santhosh Rao, SVP MEASA, ACI Worldwide

Dubai South: Final phase of South Bay project sells out in 4 hours

Dubai South: Final phase of South Bay project sells out in 4 hours

Upon completion, South Bay will feature over 800 spacious villas and townhouses and more than 200 luxurious waterfront mansions

UAE banks liquid assets rise in Q1 2024_CBUAE GettyImages-927096466

UAE banking sector’s liquid assets rise to Dhs786.6bn in Q1 2024

CBUAE highlighted a quarter over quarter rise of 5.7 per cent, equivalent to Dhs42.7bn, compared to about Dhs743.95bn at the end of Q4 2023

Qstay, a hospitality and rental investment property management platform Secures $4.6m in Pre-Series A funding Image Supplied

Dubai-based Qstay secures $4.6m in pre-Series A round

Qstay currently operates over 300 properties across nine markets in four countries, with plans for further expansion into additional markets between 2024 and 2026

Edmond de Rothschild

Edmond de Rothschild to open Saudi office and launch debt platform

The platform could help Saudi Arabia with its vast Vision 2030 plan

DMCC attracts 160 Indian companies in H1 2024 as trade corridor booms

DMCC attracts 160 Indian companies in H1 2024 as trade corridor booms

India and South Asia hold strategic importance for DMCC, particularly in sectors like technology, precious stones and agriculture

Dubai’s Eywa partners with Mindvalley to create centre of excellence

As part of the tie-up, the six-and-a-half-thousand-square-foot Eywa property will serve as a sanctuary for Mindvalley’s masters

Riverland Fireworks Image-Dubai-Parks-and-Resorts

Eid Al Adha fireworks in Dubai: Where to watch

Dubai Parks and Resorts has organised a fireworks display, as well as a laser show, to celebrate Eid Al Adha

Brookfield Place is Dubai’s newest placemaking destination

Brookfield eyes $5bn for UAE-backed climate fund

The asset management firm said at least 10 per cent of the fund’s capital will be provided by Brookfield, which manages a portfolio of $925bn

Presight and Dell technologies sign MoU_GettyImages-1194176305

Dell Technologies, Presight ink MoU to drive digital innovation in UAE

The partnership will leverage Presight’s expertise in AI and data analytics with Dell’s capabilities in compute, storage, data protection and network solutions

UAE-WEATHER-rain

Eid Al Adha rains in the UAE: NCM forecasts intermittent showers

Residents can expect high temperatures across all emirates, with highs reaching into the 40s

UAE-President and ruler of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan approves second housing benefits package photo-courtesy_WAM

Abu Dhabi approves Dhs3.3bn housing benefits package for citizens

The housing benefits package includes housing loans worth over Dhs3.046bn, aiding 1,766 citizens in Abu Dhabi

Free parking

Eid Al Adha 2024: Free parking and transport timings in Dubai, Sharjah and Ajman

The RTA has announced free public parking timings and operating hours for the Dubai Metro and Dubai Tram services

Dubai’s off-plan market a crucial factor to watch, says Firas Al Msaddi

A key factor to watch in the Dubai real estate sector is the gap between off-plan and resale market prices, says the fäm Properties CEO Firas Al Msaddi

G7 ITALY

What’s on the G7 agenda?

The summit is due to kick off on June 13 with a discussion about Africa, climate change, and development

ORO24’s Atif Rahman on Dubai’s meteoric ‘875% real estate growth’

Atif Rahman took to the stage of Gulf Business’ first-ever Business Breakfast briefing to talk about his insight into the growth of Dubai’s real estate sector

Eid Al Adha 2024

Eid Al Adha 2024: Dubai announces holiday dates for private schools

Dubai’s announcement aligns with the broader UAE government’s holiday schedule for Eid Al Adha, ensuring consistency across various sectors