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Parkin raises share size allocated to UAE retail investors

Parkin IPO: UAE retail offering increased on strong demand

The company increased the allocation of retail investor shares to 89,964,000 ordinary shares from 74,970,000 ordinary shares

DIFC’s five-year innovation strategy for financial services

These 10 nationalities topped Dubai Chamber of Commerce signups for 2023

Latest data published by the Dubai Chamber of Commerce highlights the nationalities of new non-UAE businesses who joined the chamber last year

cadillac escalade - car - ramadan

Upgrade your car: 5 unbelievable Ramadan deals on luxury vehicles

Car manufacturers and dealers are offering extremely lucrative deals on a range of vehicles this Ramadan

Sanjay Shah

Denmark begins court trial against Sanjay Shah in fraud case

Anthony Mark Patterson, who is seen as Shah’s closest accomplice, was in February sentenced to eight years in prison in Denmark’s first criminal cum-ex trial

Cheyne Capital secures investment from Abu Dhabi’s ADIA

Abu Dhabi’s ADIA invests in private credit fund Cheyne Capital

The investment is for the ninth round of the Cheyne Real Estate Credit Holdings programme bringing ADIA’s total commitment to $831.3m

shark tank uae-dr shimmari

‘If you don’t integrate AI, you’re out’: Shark Tank contestant talks future of startups

Dr Abdullah Al Shimmari, an entrepreneur and participant in TV shows like Bebaan and Shark Tank, shares insights into securing funding and the future of AI in business

Oil hovers near 3-week high on Middle East tensions

OPEC, IEA oil demand forecasts since 2008: A comparison

OPEC and the IEA, the world’s most closely watched forecasters of oil demand growth, are further apart than they have been for at least 16 years in their views on fuel use

Archer Aviation to build vertiport network in UAE

How the UAE is ramping up plans to launch flying taxis

The use of electric vertical take-off and landing aircraft is expected to reduce travel times between Dubai and Abu Dhabi to 30 minutes

Abu Dhabi pushes deeper into AI with new investment firm

Abu Dhabi pushes deeper into AI with new investment firm

MGX counts Abu Dhabi wealth fund Mubadala Investment Company and Group 42 as its founding partners

RTA inaugurates cycling tracks in Al Khawaneej, Mushrif

Dubai: Cycling tracks in Al Khawaneej, Mushrif now open to public

The new tracks mark a significant step towards Dubai’s ambitious goal of reaching 1,000 kilometres of cycling tracks by 2030

UAE President receives Egypt President photo Wam

S&P upbeat on Egypt rating after $35bn UAE deal

Moody’s on Thursday affirmed its CAA1 rating but changed its outlook on Egypt to positive citing significant official and bilateral support

Boeing 737 max- boeing

More trouble for Boeing as FAA audit finds dozens of issues in 737 MAX production: Reports

Reports say that Boeing failed a check which dealt with the component that blew off the Alaska Air jet

EFG HERMES - gcc economy - sector

EFG Hermes reveals five must watch sectors for 2024

Following the theme of its conference, EFG Hermes highlights opportunities available in frontier emerging markets

Abu Dhabi’s Unifrutti expands footprint with fresh acquisitions

Abu Dhabi’s Unifrutti eyes further Latam growth after fresh acquisitions

The company is owned by Abu Dhabi wealth fund ADQ and distributes 500,000 metric tonnes of fresh fruits worldwide per year

Abu Dhabi greenlights Dhs66bn development blitz in 2024 Image Ab Dhabi Media Office

Abu Dhabi green-lights Dhs66bn development drive in 2024

Marking a significant focus on bolstering the housing sector, over Dhs59bn has been earmarked for the development of housing and public facilities throughout Abu Dhabi

Etihad Airways

Etihad to fly double-daily flights to Rome soon

The double-daily services will be operated utilising Boeing 787-9 and Boeing 777-300 aircraft from Etihad’s modern wide-body fleet

ADQ

Ramadan 2024: Abu Dhabi Police announces change in traffic rules

Traffic patrols will be on high alert across all roads, with additional enforcement through smart traffic systems

UAE - GREECE

UAE-Greece talks: Masdar, Mubadala expand partnership

Trade volumes between the UAE and Greece surged by 6.2 per cent during the first nine months of 2023, underscoring the resilient bilateral economic relations

uae weather - school - rain - alef education - IPO

Dubai schools, nurseries can conduct online classes on Monday: KHDA

As a precautionary measure, residents, parents are advised to stay updated on weather alerts and exercise caution when venturing outdoors

parkin

Dubai’s RTA announces Ramadan hours for parking, public transport

The adjustments in service hours ensure parking and public services are accessible for residents and visitors during the month of Ramadan

LNG expansion plans to squeeze out competitors

Saudi Aramco, UAE’s ADNOC in talks to invest in US LNG projects: Reports

Saudi Aramco is in talks to invest in phase 2 of Sempra Infrastructure’s Port Arthur LNG project in Texas

Egypt raises minimum wage by 50% as part of ‘urgent’ package

How big are Egypt’s economic challenges?

As many as 60 per cent of Egypt’s 106 million citizens are estimated to be below or close to the poverty line

UAE oman - rain - wet weather

UAE, Oman issue alerts for heavy rain and thunderstorms

Authorities in the UAE and Oman have issued a severe weather warning for Saturday, March 9

women chauffer blacklane

Driving change: Blacklane powers gender equality one car at a time

Blacklane’s chauffeur service achieves gender equality with an impressive 50 per cent female chauffeurs within one year of service

Breaking barriers: Logitech’s Loubna Imenchal on women leadership in the tech industry

Gulf Business talks to Logitech’s top executive in the region about collectively shaping a more equitable and compassionate tech industry

AVIATION - DUBAI AIRPORTS

Empowering women in aviation: Insights from Michelle Lee of Dubai Airports

Balancing career and family can be done and Michelle Lee of Dubai Airports explains how in this conversation with Gulf Business

Etihad Airways

Abu Dhabi’s ADQ reportedly picks banks for Etihad Airways IPO

The sovereign fund may add more banks later and the final lineup of advisers may change as there is no final decision on the timing of the IPO

women - hr - IWD 2024

International Women’s Day: Professor Fiona Robson examines progress and struggles for women in the workplace

Professor Fiona offered valuable advice for women aspiring to leadership roles, emphasising the importance of continuous learning, confidence, and seizing opportunities

ARISTA REAL ESTATE

Arista Properties’ Emma Brain talks luxury real estate and being a woman in the built sector: IWD 2024 special

The Arista Properties executive highlights the growing role of women in shaping the future of real estate in the region.

Dubai ruler imposes 20% tax on foreign banks

Sheikh Mohammed issues law imposing 20% tax on foreign banks in Dubai

Foreign banks that violate the law face a stiff penalty of not more than Dhs500,000