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Major bridge opens as part of Al Garn Al Sabkha-Sheikh Mohammed bin Zayed Road Intersection Improvement Project. Image RTA X

Dubai opens new bridge to ease traffic at this major intersection: See details

Travel time is expected to decrease by 70 per cent for those using Sheikh Mohammed bin Zayed Road towards Al Yalayes Street in the direction of Jebel Ali Port, with journeys dropping from 21 minutes to just seven minutes

Abu Dhabi - ADREC

Global HNWIs ready to spend $408.3m on residential real estate in Abu Dhabi, reveals report

International buyer activity has skyrocketed in Abu Dhabi, with sales to non-resident investors jumping from 3 per cent in 2021 to 28 per cent in 2023

John Wood - Sidara

UK’s John Wood Group ‘discussing’ Sidara’s possible takeover proposal

Sidara’s recent offer for John Wood comes a year after a similar proposal by US-based private equity firm Apollo Global Management

ADNOC pays off ADNOC Distribution’s $1.19bn bond

UAE’s ADNOC pays off $1.19bn to ADNOC Distribution bondholders

The exchangeable bonds were issued in May 2021 along with the offering of approximately 375 million shares in ADNOC Distribution

Abu Dhabi unveils AGWA to boost food security

Abu Dhabi unveils new economic cluster to boost food security

AGWA is expected to contribute Dhs90bn in incremental GDP to Abu Dhabi’s economy and attract Dhs128bn in investments by 2045

Dubai real estate: Jumeirah Bay Island sees record-breaking villa sale for Dh175m

Dubai real estate: Jumeirah Bay Island sees record-breaking villa sale for Dh175m

The luxury villa is part of Sea Mirror, Dubai-based Lamar Development’s signature project

Eid Al Adha 2024 holidays announced for UAE public, private sector

UAE announces Eid Al Adha 2024 holidays for public, private sector

Public and private sector workers will have a four-day weekend to mark Eid Al Adha 2024

Zand Bank, MANTRA partner to streamline real-world asset tokenisation

The digital bank and MANTRA will develop frameworks for RWA tokenisation that comply with regulations set by the Dubai’s VARA

UAE to open 6,000 rest stations for delivery riders

UAE to open 6,000 air-conditioned delivery rider rest areas

Delivery bikers will be given interactive maps to help them easily locate and access the rest stations during the midday break

Abu Dhabi’s DoH partners with ADIO and Etihad Airways to boost pharma capabilities

Abu Dhabi’s DoH partners with ADIO, Etihad Airways to boost pharma capabilities

The government-backed entities seek to leverage the emirate’s strategic location, lucrative investment opportunities and advanced logistics capabilities

UN CLIMATE CONFERENCE - BONN, GERMANY

Bonn Climate Conference 2024: Countries’ plans not yet aligned with tripling renewables capacity goal

The Bonn Climate Conference is discussing climate finance, renewable energy commitments as well as nationally determined contributions

FMCG brands

From healthcare to food: Which are the most ‘considered’ brands in the UAE?

Almarai and Dettol top YouGov’s 2024 FMCG Rankings in the UAE, leading the food, beverage, and personal care sectors with the highest consumer consideration scores

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