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
This is the second time in a week, that temperatures in the UAE, neared the 50 degrees C mark.
Construction will start in August, said Abdallah Sultan Al Owais, chairman of the Sharjah business body
RedBird IMI’s sale of the titles is expected to conclude later this year
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
Brazil will start racing from the beginning of SailGP’s fifth season, which is due to begin in November
A faster growing oil and gas sector in 2025 will boost growth in the UAE, says a report
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, 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
Mahmoud Bartawi founded Under500, a brand that was ultimately acquired by dark kitchen outfit Kitopi after raising $700m from investors
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
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
In addition to the new routes, Etihad has commenced operations to several seasonal destinations and returned to popular summer hotspots
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
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 is expanding in several parts of Europe, as well is in Asia, and the US
The report shows a significant increase in HNWI migrations, highlighting a growing trend of millionaires seeking stability and opportunity in favourable jurisdictions
Aston Martin will design ultra-luxury interiors for the Dar Global property, marking its first real estate collaboration in the Middle East
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
The business incubator programme will foster collaboration and help exchange knowledge and expertise in AI product development
The stock exchange said that the listing will be in three tranches, starting on June 21
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
The industry veteran discusses Dubai’s hospitality sector growth, competition, and sustainability efforts in a dynamic tourism market
The daily service is expected to boost tourism and trade, leveraging Kraków’s growing appeal as a cultural and economic hub
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
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
The money-management firm oversees $275bn for more than 150,000 clients including individuals and institutions
The ranking highlights how cities around the world fare in terms of living expenses for expatriates
Residents and visitors are advised to stay hydrated, avoid prolonged exposure to the sun, and seek shelter during peak heat hours
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