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UAE designates 9 globally significant key biodiversity areas

UAE designates 9 globally significant key biodiversity areas

Key biodiversity areas are vital for maintaining ecological stability, supporting a safe environment for various species and providing essential natural resources

Mubadala increase investments

Mubadala-backed Zamp to buy Starbucks brand rights, stores in Brazil

Zamp said the deal requires approval from Brazil’s antitrust watchdog CADE and the court overseeing SouthRock’s bankruptcy

hijri islamic new year

Moon sighting: Eid Al Adha 2024 dates announced by Saudi Arabia

Saudi Arabia’s Supreme Court had called upon Muslims in the kingdom to sight the crescent Moon on Thursday evening

XPANSE

A sneak peek into Xpanse: World’s first forum for exponential technologies

Dr Zina Jarrahi Cinker, director general of MATTER, reveals key details about one of the biggest events of the year set to come to Abu Dhabi in November

Saudi oil minister

OPEC+ could revise oil supply deal if needed, ministers say

OPEC+ is currently cutting production by about 5.7 per cent of global demand to bolster the market

Saudi Arabia joins China and UAE in mBridge project

Saudi Arabia joins central bank digital currency project mBridge

The initiative was unveiled in 2021 to pilot cross-border payments in digital currencies issued by central banks

Alef’s $515m IPO oversubscribed 39 times

Abu Dhabi edtech firm Alef’s IPO draws $20bn in orders

The shareholders are offering 1.4 billion shares, equivalent to 20 per cent of the company’s total issued share capital

Emiratisation UAE

UAE government records revenues of $18.03bn in 2023

The figures were part of the consolidated financial statement published by the UAE’s Ministry of Finance

Etihad, Tawazun, GE partner to advance flight safety

Abu Dhabi’s Etihad, China Eastern form joint venture to boost growth

The commercial venture will be implemented in early 2025 when the two carriers secure governmental approvals

Indian firms top Q1 2024 list of new joinees at Dubai Chamber of Commerce

Indian firms top Q1 2024 list of new joinees at Dubai Chamber of Commerce

Indian businesses top the list of nationalities of new companies joining Dubai Chamber of Commerce during Q1 2024 with 4,351 new members

Central Bank of UAE launches multi-CBDC platform for cross-border payments

Central Bank of UAE launches multi-CBDC platform for cross-border payments

The mBridge platform is an initiative under the CBUAE’s Financial Infrastructure Transformation programme that seeks to accelerate the digital transformation of the UAE’s financial services sector

UAE seeks deeper trade, investment ties with Malaysia

UAE, Malaysia seek deeper ties after trade reached $4.7bn in 2023

The trade pact between the two states is expected to boost investment in Malaysia by the Gulf state’s sovereign wealth funds

Mashreq shores up capital with tightly priced $500m bond deal Mashreq -Image-WAM

Mashreq shores up capital with tightly priced $500m bond deal

The transaction achieved the largest price tightening by any UAE bank in the last five years for an additional tier 1 transaction

world environment day

Purposeful profit: 5 strategies for a sustainable business on World Environment Day

On World Environment Day 2024, EMIR’s Hanan Sakr makes a case for incorporating green strategies in businesses as an economic imperative

Guests Enjoying Eid Al Adha Fireworks Image DCT Abu Dhabi

Where to watch the Eid Al Adha fireworks in Abu Dhabi, Dubai dates to come soon

Mark your calendars for June 17 and plan to visit one of these fantastic locations in Abu Dhabi for an exciting Eid Al Adha fireworks show

AI

Democratising AI: Optimas AI’s mission turned business

Optimas AI is focusing on democratising AI, making it accessible to decision-makers, and integrating advanced risk management, governance, and privacy solutions

Dubai Airports CEO on mega-airport of the future

Dubai Airports CEO on how the firm is bolstering the city’s super-hub status

Paul Griffiths says the airport operator will actively collaborate with airline customers, the government, and stakeholders to bring the Al Maktoum International Airport Project to fruition

Here’s how IHC is cracking the growth code

Exclusive: Syed Basar Shueb on how IHC is cracking the growth code

The CEO of the conglomerate says the strong pipeline of projects within the group’s portfolio will continue to drive growth

Dubai real estate has moved past severe cyclicality, says fäm Properties CEO

Firas Al Msaddi, CEO of fäm Properties, tells us why he thinks that Dubai’s real estate sector is more resilient than it’s ever been

KEZAD Group, NMDC ink manufacturing facility deal

KEZAD Group, NMDC sign Dhs367m manufacturing facility deal

NMDC Energy plans to invest $100m in the modular fabrication manufacturing facility

indigo

IndiGo eyes lesser-known international destinations for next growth phase

IndiGo, is pushing deeper into India, where it flies to 88 cities, and has doubled its global network to 33 destinations from 15 two years ago

Oil hovers near 3-week high on Middle East tensions

Oil dives 3%, OPEC+ decision fails to allay demand worries

OPEC+ agreed to extend crude oil supply cuts into 2025

dubai mall

Emaar announces massive Dubai Mall expansion plan

The Dubai Mall expansion aligns with Dubai’s broader strategy to enhance its tourism industry

AD Ports, Adani Ports and East Harbour invest in Tanzania

AD Ports, Adani Ports JV to acquire $39.5m stake in Tanzania container terminal

The container terminal has an annual container capacity of 1 million TEUs

Dubai launches Commercial and Logistics Land Transport Strategy 2030

Dubai launches Commercial and Logistics Land Transport Strategy 2030

The key strategy will boost the sector’s contribution to Dubai’s economy, raising it to Dhs16.8bn

Property Finder CEO says UAE visa reforms drive property boom

UAE visa reforms drive property boom, Property Finder CEO says

Dubai has historically been a city where many people prefer renting, but visa reforms are driving a shift towards home ownership

Eid Al Adha

Eid Al Adha 2024: UAE astronomer predicts likely dates

According to UAE astronomers, Arafat Day is likely to begin on Sunday, June 16 this year

ADNOC L&S to buy $1.49bn stake in maritime firm Navig8

Abu Dhabi’s ADNOC L&S agrees to acquire maritime firm Navig8

The acquisitions will give the Abu Dhabi maritime logistics firm access to Navig8’s fleet of 32 tankers and global footprint across five continents

UAE real estate - escrow account

Dubai: 3 Real estate developers fined Dhs1.5m for escrow account violations

Using an escrow account ensures regulation of funds during the construction process of the units sold, ensuring the protection of investors and their rights

Dubai Jumeirah beach, Dubai Marina

Large fire breaks out in Dubai Marina: Report

No injuries have been reported in the early morning fire at Dubai Marina