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Emirates NBD and Citi partner to offer 24 7 USD cross broder payments _GettyImages-910730068-1-e1690091225134

Citi, Emirates NBD to launch round-the-clock USD cross-border payments

The service, initially available in Emirates NBD’s branches in the UAE and Saudi Arabia, aims to eliminate payment flow barriers caused by different weekend schedules

UAE cabinet approves housing aid valued at Dhs1.86bn ahead of Eid-Al-Adha

UAE Cabinet approves housing aid valued at Dhs1.86bn ahead of Eid-Al-Adha

In addition to approving the housing aid, the cabinet launched the Manzili initiative, a streamlined service bundle designed to simplify the housing loan application process for programme beneficiaries

interest rate

CBUAE holds interest rate at 5.40%, mirroring US Fed’s decision

The US Fed’s decision to pause rate adjustments comes as inflation levels, although declining, has not required drastic changes in the economic landscape

ADNOC LNG

ADNOC awards multi-billion dollar contracts for Ruwais LNG plant

ADNOC’s Ruwais facility is expected to be the region’s first LNG export facility to run on clean power

Adnoc-gordon-tech

UAE’s ADNOC Drilling, Alpha Dhabi Holding to become majority shareholders in Gordon Tech

Prior to the deal, Gordon Technologies, based in Louisiana, was primarily owned by Houston-based private equity firm Pelican Energy Partners

du teams up with Oracle to launch hyperscale cloud, sovereign AI services for govt, public sector

du to launch hyperscale cloud, sovereign AI services for govt, public sector

The telecom operator has teamed up with Oracle, which remains the only hyperscaler capable of delivering AI and a suite of cloud services across dedicated, public, and hybrid cloud environments globally

EDGE

EDGE and Adani Defence & Aerospace forge landmark agreement

This agreement will explore the establishing of research and development facilities in both India and the UAE

DXB set to welcome over 3.7 million guests between June15-25

DXB set to welcome over 3.7 million guests between June 15-25

June 22 is anticipated to be the busiest day, with guest numbers expected to exceed 287,000

BlackRock acquires GIP (Photo by Andrew Burton/Getty Images)

BlackRock appoints MD for UAE, Oman and Bahrain

The global financial giant has tapped former Mubadala and Goldman Sachs executive to lead its operations in the three GCC countries

NATURGY_TAQA_BID

Abu Dhabi’s TAQA and Spain’s Criteria end talks for Naturgy takeover plan

TAQA was in talks with Naturgy’s three largest shareholders for a possible takeover bid

Drake-Scull-construction

Drake & Scull completes restructuring milestones, eyes future projects

The restructuring has allowed the contractor to write off over Dhs4bn in debt

UAE fintech firm Stake raises $14m in Series A funding

UAE fintech firm Stake secures $14m in Series A funding

The company intends to use the proceeds to expand its business into Saudi Arabia

GB BB TECH EVENT

Watch top experts speak at the Gulf Business Tech Panel

Our upcoming panel event offers an exciting opportunity to gain insights from industry leaders and engage in discussions about the future of technology in business

Dubai unveils new nol card unveiled

Dubai unveils new ‘nol Travel’ card with attractive discounts, benefits

The card offers a combination of fare discounts and exclusive promotions on hotels, restaurants and entertainment venues

Longevity Wellness Hub's Dani Afiouni on ageing well and living better

Longevity Wellness Hub’s Dani Afiouni on ageing well and living better

The founder and CEO shares how the Longevity Wellness Hub combines cutting-edge technology with ancient practices, empowering individuals to take charge of their wellbeing

Traffic law - Sheikh-Mohammed-Cabinet-Meet

UAE announces new federal traffic law to regulate EVs, self-driving cars

The new traffic law, aims to facilitate the broader adoption of self-driving vehicles and electric cars, keeping in line with advances in modern urban planning and sustainability efforts

Ministry of Economy, TRDA impose strict rules, heavy fines to check telemarketers

UAE: Ministry of Economy, TDRA impose strict rules, heavy fines to rein in telemarketers

Starting mid-August, telemarketers have to operate within stricter guidelines, including avoiding calling before 9am or after 6pm

Dubai: Sheikh Hamdan appoints 22 AI chiefs across government institutions

Dubai: Sheikh Hamdan appoints 22 AI chiefs across government institutions

The chief artificial intelligence (AI) officers will spearhead specialised plans and programmes in the field of AI and advanced technology

Major bridge opens as part of Al Garn Al Sabkha-Sheikh Mohammed bin Zayed Road Intersection Improvement Project. Image RTA X

Dubai opens new bridge to ease traffic at this major intersection: See details

Travel time is expected to decrease by 70 per cent for those using Sheikh Mohammed bin Zayed Road towards Al Yalayes Street in the direction of Jebel Ali Port, with journeys dropping from 21 minutes to just seven minutes

Abu Dhabi - ADREC

Global HNWIs ready to spend $408.3m on residential real estate in Abu Dhabi, reveals report

International buyer activity has skyrocketed in Abu Dhabi, with sales to non-resident investors jumping from 3 per cent in 2021 to 28 per cent in 2023

John Wood - Sidara

UK’s John Wood Group ‘discussing’ Sidara’s possible takeover proposal

Sidara’s recent offer for John Wood comes a year after a similar proposal by US-based private equity firm Apollo Global Management

ADNOC pays off ADNOC Distribution’s $1.19bn bond

UAE’s ADNOC pays off $1.19bn to ADNOC Distribution bondholders

The exchangeable bonds were issued in May 2021 along with the offering of approximately 375 million shares in ADNOC Distribution

Abu Dhabi unveils AGWA to boost food security

Abu Dhabi unveils new economic cluster to boost food security

AGWA is expected to contribute Dhs90bn in incremental GDP to Abu Dhabi’s economy and attract Dhs128bn in investments by 2045

Dubai real estate: Jumeirah Bay Island sees record-breaking villa sale for Dh175m

Dubai real estate: Jumeirah Bay Island sees record-breaking villa sale for Dh175m

The luxury villa is part of Sea Mirror, Dubai-based Lamar Development’s signature project

Eid Al Adha 2024 holidays announced for UAE public, private sector

UAE announces Eid Al Adha 2024 holidays for public, private sector

Public and private sector workers will have a four-day weekend to mark Eid Al Adha 2024

Zand Bank, MANTRA partner to streamline real-world asset tokenisation

The digital bank and MANTRA will develop frameworks for RWA tokenisation that comply with regulations set by the Dubai’s VARA

UAE to open 6,000 rest stations for delivery riders

UAE to open 6,000 air-conditioned delivery rider rest areas

Delivery bikers will be given interactive maps to help them easily locate and access the rest stations during the midday break

Abu Dhabi’s DoH partners with ADIO and Etihad Airways to boost pharma capabilities

Abu Dhabi’s DoH partners with ADIO, Etihad Airways to boost pharma capabilities

The government-backed entities seek to leverage the emirate’s strategic location, lucrative investment opportunities and advanced logistics capabilities

UN CLIMATE CONFERENCE - BONN, GERMANY

Bonn Climate Conference 2024: Countries’ plans not yet aligned with tripling renewables capacity goal

The Bonn Climate Conference is discussing climate finance, renewable energy commitments as well as nationally determined contributions

FMCG brands

From healthcare to food: Which are the most ‘considered’ brands in the UAE?

Almarai and Dettol top YouGov’s 2024 FMCG Rankings in the UAE, leading the food, beverage, and personal care sectors with the highest consumer consideration scores