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DMCC attracts 160 Indian companies in H1 2024 as trade corridor booms

DMCC attracts 160 Indian companies in H1 2024 as trade corridor booms

India and South Asia hold strategic importance for DMCC, particularly in sectors like technology, precious stones and agriculture

Dubai’s Eywa partners with Mindvalley to create centre of excellence

As part of the tie-up, the six-and-a-half-thousand-square-foot Eywa property will serve as a sanctuary for Mindvalley’s masters

Riverland Fireworks Image-Dubai-Parks-and-Resorts

Eid Al Adha fireworks in Dubai: Where to watch

Dubai Parks and Resorts has organised a fireworks display, as well as a laser show, to celebrate Eid Al Adha

Brookfield Place is Dubai’s newest placemaking destination

Brookfield eyes $5bn for UAE-backed climate fund

The asset management firm said at least 10 per cent of the fund’s capital will be provided by Brookfield, which manages a portfolio of $925bn

Presight and Dell technologies sign MoU_GettyImages-1194176305

Dell Technologies, Presight ink MoU to drive digital innovation in UAE

The partnership will leverage Presight’s expertise in AI and data analytics with Dell’s capabilities in compute, storage, data protection and network solutions

UAE-WEATHER-rain

Eid Al Adha rains in the UAE: NCM forecasts intermittent showers

Residents can expect high temperatures across all emirates, with highs reaching into the 40s

UAE-President and ruler of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan approves second housing benefits package photo-courtesy_WAM

Abu Dhabi approves Dhs3.3bn housing benefits package for citizens

The housing benefits package includes housing loans worth over Dhs3.046bn, aiding 1,766 citizens in Abu Dhabi

Free parking

Eid Al Adha 2024: Free parking and transport timings in Dubai, Sharjah and Ajman

The RTA has announced free public parking timings and operating hours for the Dubai Metro and Dubai Tram services

Dubai’s off-plan market a crucial factor to watch, says Firas Al Msaddi

A key factor to watch in the Dubai real estate sector is the gap between off-plan and resale market prices, says the fäm Properties CEO Firas Al Msaddi

G7 ITALY

What’s on the G7 agenda?

The summit is due to kick off on June 13 with a discussion about Africa, climate change, and development

ORO24’s Atif Rahman on Dubai’s meteoric ‘875% real estate growth’

Atif Rahman took to the stage of Gulf Business’ first-ever Business Breakfast briefing to talk about his insight into the growth of Dubai’s real estate sector

Eid Al Adha 2024

Eid Al Adha 2024: Dubai announces holiday dates for private schools

Dubai’s announcement aligns with the broader UAE government’s holiday schedule for Eid Al Adha, ensuring consistency across various sectors

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