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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

Abu Dhabi-backed RedBird IMI withdraws from Telegraph deal

RedBird IMI said its focus was on securing the best price for the publications

UAE central bank’s foreign assets up 2% in February

UAE central bank’s foreign assets up Dhs203bn in February 2024

The increase in foreign asset volume is attributed to the rise in current account balances and deposits with banks abroad

Spinneys - IPO - DFM

Spinneys increases retail share offering for upcoming IPO

The supermarket chain aims to raise up to Dhs1.38bn($375m) from its IPO

UAE announces petrol, diesel prices for May 2024

UAE announces petrol, diesel prices for May 2024

The fuel price committee increased the retail rates for Super 98, Special 95, and E-Plus 91 by as much as 19 fils per litre in May

ryan reynolds

Ryan Reynolds follows Jason Momoa as Yas Island’s new chief island officer

Reynolds, best known for his role as the irreverent Deadpool, will now be tasked with putting Yas Island on the map for an international audience

Sheikh Hamdan launches Dubai's Universal Blueprint for AI

Sheikh Hamdan reveals Dubai’s ‘Universal Blueprint for Artificial Intelligence’

As part of the first phase, Dubai is set to inaugurate its AI and WEB3 Incubator to establish one of the world’s largest hubs for AI and technology companies

weather - rain

UAE weather alert: NCM warns of unstable weather conditions starting Wednesday

The NCEMA said it had held meetings with various departments to ensure preparedness for the oncoming unstable weather conditions

UAE-UKRAINE-CEPA

UAE, Ukraine finalise terms of CEPA deal

The trade deal aims to aid Ukraine’s recovery and rebuilding of key industries while helping to strengthen supply chains to the MENA region for exports such as grains, machinery and metals

uae rain - flood - cloud seeding

Did cloud seeding cause UAE floods? Here’s what scientists say

Climate change linked to global warming is the more obvious answer for the UAE floods say scientists who have been studying changing weather patterns

dr saeeda jaffar-visa

Exclusive: Visa’s Dr Saeeda Jaffar on the new ‘Instalments’ solution transforming retail in the UAE

Consumers can activate instalment payments at checkout based on their eligibility, whether at point-of-service terminals or eCommerce platforms

DIFC underwriting volumes jump 23% in 2023

DIFC underwriting volumes hit record $2.6bn in 2023

New insurance and reinsurance company registrations surged by 20 per cent in 2023, including the first re-domiciliation of a Guernsey-based captive

UAE - WEATHER - RAIN-NCEMA

UAE weather: Thunderstorms with rain this week forecasts NCM

The NCM said a low pressure system will bring inclement weather from the west by Wednesday night which will bring rain and thunderstorms to most parts of the UAE

More dedicated bus, taxi lanes planned for Dubai

Dubai’s RTA has endorsed a plan to construct dedicated lanes for buses and taxis extending 13.1 km on six key streets

Sheikh Mohammed: Al Maktoum Airport will replace Dubai International in future

Al Maktoum Airport will ultimately be the world’s largest, reaching up to 260 million passengers per year

esports and games Image: Getty Images

Transforming the gaming landscape with Web3.0

Dubai’s push to build a global esports and gaming ecosystem is encouraging home grown brands such as GameCentric to offer innovative platforms that bring a diverse audience under one umbrella

Rua Al Madinah (Image: Supplied by Accor)

Accor’s Q1 sales rise 8% as Middle-East, Africa and Asia Pacific demand picks up

The increase was more pronounced in midscale, upscale and economy hotels in the Middle East, Africa and Asia-Pacific regions

Statevolt

Statevolt’s Lars Carlstrom on the upcoming $3.2bn battery gigafactory in UAE

Statevolt will occupy a site spanning 60 hectares in RAKEZ, and is anticipated to generate up to 2,500 direct jobs

UAE floods to impact construction projects

How UAE’s recent floods will impact construction projects

Several construction projects in the UAE will be affected, with huge potential for delays and damage to ongoing works

Archer, ADIO to accelerate air taxi operations in UAE

Air taxi maker Archer, ADIO to accelerate air taxi operations in UAE

Archer seeks to transform urban travel, replacing 60- to 90-minute commutes by car with estimated 10- to 20-minute electric air taxi flights

ADIO and Regent join hands to support development and manufacture of electric seagliders Image courtesy REGENT

DRIFTx: ADIO, Regent partner to develop electric seagliders for coastal transport

The seagliders will serve routes of up to 180 miles (300km) with existing battery technology and up to 500 miles (800 km) with next-gen batteries

UAE-WEATHER-rain

Weather forecast: More rain on the way for Abu Dhabi, Dubai says NCM

The NCM has forecast rain for Wednesday, May 1 and thunderstorms for Thursday, May 2

Egypt-ras al-hekma-UN-HABITAT

Egypt approves establishing special free zone in Ras al-Hekma

Egypt has moved ahead with administrative realignment of the region after the country signed a $35bn FDI deal with the UAE’s ADQ earlier this year

UAE allots Dhs2bn to support citizens affected by floods

UAE allocates Dhs2bn to support Emiratis affected by floods

The government tasked a ministerial committee to assess the damages and disburse compensations in cooperation with other federal and local entities

uae-kenya talks

UAE-Kenya deals: ADQ to establish investment framework

In 2023, non-oil trade between the UAE and Kenya rose by 26.4 percent year-on-year to $3.1bn

TRAFFIC

Dubai Police waives traffic fines incurred during UAE rains

Traffic violations incurred during last Tuesday’s heavy rainfall will be dropped

ADQ, QIA to boost tech driven companies and economy through the Jasoor Fund

UAE-Oman: ADQ, QIA launch $180m tech-focused fund

In 2022, ADQ and OIA identified investment opportunities worth over $bn in key sectors of Oman’s economy

ADQ acquires key stake in Australia's Plenary Group

Abu Dhabi’s ADQ acquires key stake in Australia’s Plenary Group

Set up in 2004, Plenary has a portfolio of 21 assets under management valued at over $25bn across Australia and the Middle East

UAE-Oman railway Hafeet Rail enters implementation phase

UAE-Oman railway Hafeet Rail enters implementation phase

The passenger train will reach a top speed of 200 km per hour covering the distance between Sohar and Abu Dhabi in 100 minutes

food

What food startups should focus on to succeed in the GCC: Key insights

WOK BOYZ CEO Gaurav Sabharwal provides insights into building and scaling a food startup in the GCC market

Etihad launches A380 service to New York

Etihad Airways debuts A380 service to New York

 The addition of the A380 service demonstrates Etihad’s strategy to meet the burgeoning demand and expand its network in the US