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Joel van Dusen on how Mashreq is driving innovation in banking

Joel van Dusen on how Mashreq is driving innovation in banking

The group head of Corporate & Investment Banking at Mashreq says that incumbents now view fintechs as partners rather than competitors

Emirates SkyCargo orders 5 Boeing 777F, weighs more freighter orders

Emirates SkyCargo orders 5 Boeing 777F, weighs more freighter orders

Together with its previous orders, the carrier now has 14 Boeing 777Fs pending delivery from Boeing until the end of 2026

Al Khail Road Development project completed; travel time to reduce by 30%

Al Khail Road Development project completed – travel time to reduce by 30%

The project is part of a initiative to enhance Dubai’s road network, particularly as a support corridor to major highways like Sheikh Zayed Road, Sheikh Mohammed bin Zayed Road, and Emirates Road

Dubai Holding Asset Mgmt rebrands residential portfolio

Dubai Holding Asset Management rebrands residential portfolio

Following the integration of Nakheel and Meydan into Dubai Holding, Dubai Residential’s reach expanded to encompass 40,000 homes and over 150,000 residents across the emirate

Aldar Mandarin Oriental partner to bring exclusive branded residences to Saadiyat Island

Mandarin Oriental to bring exclusive branded residences to UAE capital

Abu Dhabi’s first Mandarin Oriental Residences will be situated in Saadiyat Cultural District among world-class museums, fine dining and entertainment venues

Dubai SME H1 2024 performance highlights Image Getty-Images-1417041621

Dubai nears 100,000 new homes in 2024, says real estate firm

So far, 99,779 units have been launched this year, putting the market on track to beat the all-time high of 101,654 new homes in 2023

Supermarket retailer Lulu to offer 25% stake in IPO

Lulu plans to offer more than 2.582 billion shares in the IPO, which will run from October 28 to November 5, according to its intention to float document

Dubai’s Emirates SkyCargo orders more Boeing 777F freighters

Dubai’s Emirates SkyCargo orders more Boeing 777F freighters

The order for more of the current-generation freighters emerged amid tensions between Emirates and Boeing over separate delivery delays of 777X

Fertiglobe to boost Ammonia capacity as ADNOC becomes top shareholder

Fertiglobe to boost ammonia capacity as ADNOC becomes top shareholder

The company is the largest producer of nitrogen fertilisers in the MENA region, with plants in the UAE, Egypt and Algeria

Dr Mohammed Al Zarooni on DIEZ’s role in Dubai’s economic growth

Dr Mohammed Al Zarooni on DIEZ’s role in Dubai’s economic growth

The chairman of DIEZ says the authority is integrating AI and smart city solutions, reinforcing its position as a crucial contributor to Dubai’s economic growth

From tourist eSIMs to fibre-to-the-room, e& on its latest UAE offerings

Khaled ElKhouly, chief consumer officer at e& UAE, speaks about his company’s presence at GITEX 2024, as well as providing insight into the products they have launched in the market

Masdar, Iberdrola complete Baltic Eagle wind farm turbine installation

Masdar, Iberdrola complete Baltic Eagle wind farm turbine installation

The wind farm will have an anticipated annual production capacity of 1.9 terawatt-hours (TWh), enough to meet energy demands of 475,000 homes

FAB announces robust results for Jan-sept 2024

Abu Dhabi: FAB reports Dhs12.9bn in net profit for Jan-Sept ’24

The bank’s total assets surged to Dhs1.2tn, reflecting a 5 per cent growth over last year

Dubai’s Nakheel awards Dhs5bn construction contract for Palm Jebel Ali villas

Dubai’s Nakheel awards Dhs5bn construction contract for Palm Jebel Ali villas

The three contracts were awarded to Ginco General Contracting, Shapoorji Pallonji Mideast, and United Engineering Construction Company

Interview: Essam Al Tamimi on building a regional legal powerhouse

Al Tamimi & Company has grown from a single office in Sharjah to become the largest law firm in the Middle East

Kenya in talks for a $1.5bn commercial loan with UAE

The East African nation is seeking to diversify its sources of financing

Emirates NBD posts Dhs21.5bn in full-year profit

Dubai’s Emirates NBD posts flat net profit for Q3

Net profit for the July-to-September period was Dhs5.2bn, unchanged from the corresponding 2023 period

pands stake in Fertiglobe to boost low-carbon ammonia development

ADNOC expands stake in Fertiglobe to boost low-carbon ammonia development

ADNOC intends to integrate its domestic and global portfolio of projects in low-carbon ammonia, more than doubling Fertiglobe’s ammonia project capacity

Abu Dhabi fund ADQ to acquire 96% of Bank Audi’s Turkish unit

Abu Dhabi fund ADQ to acquire 96% of Bank Audi’s Turkish unit

The fund’s investment will provide fresh capital, allowing Odeabank to leverage opportunities within the wider group

Bolt enters UAE market with Dubai Taxi tie-up

Bolt enters UAE market with Dubai Taxi tie-up

The partnership follows Bolt’s successful expansion in Saudi Arabia and Egypt

Emirates Airline chides Boeing over fresh 777X delays

Dubai’s Emirates Airline chides Boeing over fresh 777X delay

With the delay in Boeing 777X model, Emirates has been compelled to implement a costly retrofit program to extend the service life of its existing jets

Abu Dhabi’s Masdar, Presight to develop AI asset management tool

Abu Dhabi’s Masdar, Presight to develop AI asset management tool

By developing an AI-based asset management tool, Masdar seeks to digitise its operations worldwide, moving from a reactive model to a predictive approach

Mubadala’s KELIX bio buys four GlobalOne Healthcare pharma assets

Mubadala’s KELIX bio buys four GlobalOne Healthcare pharma assets

The acquisition marks a significant step forward for Abu Dhabi state investor in the life sciences sector, positioning the UAE as a key player in the global market

OPEC cuts 2024, 2025 global oil demand growth view again

OPEC cuts 2024, 2025 global oil demand growth view again

The weaker outlook highlights the dilemma faced by OPEC+, which is planning to start raising output in December

Hoxton Wealth's Chris Ball

Hoxton Wealth’s Chris Ball on the company’s rebranding and ambitious goals

From pivoting its business model to embracing technology in wealth management, Hoxton Wealth has set a strong foundation for the future, says its founder and managing partner

One Maryah Place

 Aldar Properties, Mubadala break ground on One Maryah Place

Upon completion, the development will be integrated into Aldar’s Investment Properties portfolio, which holds Dhs27bn worth of income-generating real estate assets

VEON to move HQ to Dubai after Amsterdam delisting

Telecoms group VEON to move HQ to Dubai after Amsterdam delisting

The telecom will complete its relocation from the Netherlands – where it moved in 2010 – to Dubai by the end of the second quarter of 2025

DP World going ahead with $1.3Bbn UK port investment

DP World going ahead with $1.3bn UK port investment

The investment would add two more berths, increasing capacity by 50 per cent and bringing DP World’s total employment there to 1,600

Dubai startup guide 2024 launched by Dubai Chamber of Digital Chamber

Want to set up a business in Dubai? This new startup guide will help

From accessing online resources to leveraging tailored support, the guide aims to simplify the process of setting up and growing a startup in Dubai

RTA premium plates auction image courtesy WAM

Dhs69.1m in bids: Premium plates auction draws big spenders

The 116th edition of the auction featured 90 premium plates, ranging from two to five digits