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Tether to launch stablecoin pegged to UAE’s dirham

Phoenix Group, Tether to launch UAE dirham-pegged stablecoin

The dirham stable coin will be accessible globally and “fully backed” by liquid UAE-based reserves

ADQ joins forces with ne’ma to combat food waste

Abu Dhabi fund ADQ joins forces with ne’ma to combat food waste

ne’ma drives policy change and initiates projects to address the root causes of food waste

Gold - Renewed strength in the greenback has now seen bullion tumble more than 20 per cent since a March peak.

Gold tracks down after hitting record high

Gold has gained nearly 22 per cent so far this year with geopolitical tensions and uncertainty created by the upcoming US elections

traffic enhancements at Al Safa 1 schools complex completes image RTA X

RTA completes traffic improvements at Al Safa 1 Schools Complex

The latest traffic improvements in Al Safa will impact approximately 60,000 residents of the neighbourhood

Boeing 777x

Boeing grounds 777X test fleet after a new parts failure report

The US FAA said Boeing had informed it of its discovery of a damaged component following a 777-9 flight test last week

Abu Dhabi hotels visitor numbers for H1 2024 reported -GettyImages-

Abu Dhabi hotels receive 2.4 million guests between Jan-May

Abu Dhabi city accounted for the bulk of the guests, hosting 2.179 million, while Al Ain attracted circa 169,000 guests, and Al Dhafra welcomed around 64,000 guests

Dubai Land Department signs 7 key agreements with developers -Image-Dubai-Media-Office

Dubai Land Department inks 7 key deals with top developers

The developers included in this agreement are Emaar Properties, DAMAC, Binghatti Properties, Aldar Properties, Sobha Realty, Azizi Developments and Danube

Abu Dhabi - ADREC

ADREC: Abu Dhabi launches rental index

The rental index, accessible via the ADREC website, offers reliable and up-to-date data on residential, commercial, and industrial properties

India flights: IndiGo launches 3 new routes from Abu Dhabi

India flights: IndiGo launches 3 new routes from Abu Dhabi

The new routes will link Zayed International Airport with Mangaluru, Tiruchirappalli and Coimbatore

ADNOC, petronas and storegga ink JDSA for CCS project in malaysia Image ADNOC

ADNOC, PETRONAS, Storegga tie up on offshore CCS project in Malaysia

The agreement focuses on identifying suitable saline aquifers for safe and permanent CO2 storage, enhancing Malaysia’s potential as a regional CCS hub

Dhs1,000 monthly fines? UAE's FTA urges firms to file corporate tax on time

India’s RBI asks banks to push direct rupee-dirham settlement: Reports

The RBI has not instructed banks to shift all dirham payments to this channel but instead is taking steps to encourage the development of an rupee-dirham market

Cryptocurrency Dubai DMCC

UPDATED: Dubai court ruling on cryptocurrency wages sparks debate

The decision reinforces the importance of clear contractual terms, ensuring that both traditional and cryptocurrency forms of payment are adequately addressed

DWTCA sees strong growth in H1

DWTCA sees registered companies grow by 19 per cent in H1

According to the latest figures, the DWTCA Free Zone saw a substantial 21 per cent rise in the number of tenants, reaching 2,735 in H1

DWTCA sees strong growth in H1

Dubai welcomed almost 700,000 medical tourists in 2023

Dubai’s health tourism sector generated indirect revenues of Dhs2.3bn in 2023, providing a significant boost to the emirate’s GDP

Travel, tourism visa applications

We’re making visa applications as easy as booking a flight: Atlys CEO

With offices across three continents, Atlys has processed over 1.2 million visas for over a 100 countries

Emirates NBD, BeZero Carbon tie-up to support carbon market trading

Emirates NBD, BeZero Carbon partner to support carbon market trading

This collaboration marks Emirates NBD as the first bank in the UAE to integrate an independent ratings agency into its voluntary carbon market trading operations

Gold Price, Commodities Investment

Gold trades near historic $2,500 mark on US Fed rate-cut optimism

Enthusiasm over a likely interest rate cut by the US Federal Reserve in September propelled bullion to an all-time high of $2,509.65 on August 16

Sustainable mobility startup E Daddy raises $15m

Sustainable mobility startup E Daddy raises $15m

The company, which has facilities in Dubai Industrial City and the National Industries Park, plans to launch its first fully electric motorcycle in Q1 2025

Bayanat, Yahsat launch UAE’s first low-orbit radar satellite

The launch, a collaboration with SAR specialist ICEYE, marks a major milestone in the UAE’s space ambitions.

Brookfield Solano County California

Masdar to help power up Egypt with 200MW wind project

The consortium, comprising Egypt’s Infinity Group and UAE-based Masdar, will develop, finance, and operate the onshore wind project

Chinese automaker Chery expands UAE presence, opens new showroom

Chinese automaker Chery expands UAE presence

The Dubai showroom’s launch follows the debut of Chery’s flagship showroom in Sharjah, with plans to extend its presence to Abu Dhabi and other emirates

Chinese firms see dubai as an ideal launchpad for businesses Getty Images-1417041621

Why Chinese firms view Dubai as a launchpad for global growth

The Dubai Business Forum – China aims to further bolster cooperation between Dubai and Chinese public and private sector entities

US-ECONOMY-INFLATION-DATA

Dubai inflation numbers down in July: Is a rate cut on the horizon?

Dubai’s CPI moved down marginally to 111.56 points in July from 111.65 points in June, according to Dubai government data

Dubai’s DFM signs MoU with Shenzhen Stock Exchange

Dubai bourse signs MoU with Shenzhen Stock Exchange

Both exchanges will explore cooperation on dual-listing, ETFs, mutual display of indices, and fixed-income products

Giuseppe Saba - CEO of Dubai Humanitarian shares insights on why Why supporting emergency funds is a moral, practical necessity

Why supporting emergency funds is a moral, practical necessity

Corporate social responsibility initiatives directed towards emergency response can make a substantial difference, providing financial resources, logistical support and expertise

RTA unveils updated OOH advertising manual

Dubai’s RTA updates Out-of-Home advertising manual

The manual features several enhancements including improved site planning for advertisements and elevated traffic safety standards

AD Ports' Noatum makes entry into Egypt; acquires Safina Shipping Services

AD Ports’ Noatum enters Egypt market; acquires Safina Shipping Services

Safina, a key player in the Egyptian maritime industry, offers comprehensive agency services and maritime logistics to shippers, serving the metals, minerals, and fertilisers sectors

Arada

Arada’s foray into Australia’s real estate market amidst a housing crisis

The sales and construction of the project, located in Sydney, will begin in 2025

Dubai real estate trends from leading develoeprs GettyImages-1345007377

Building on growth: Dubai developers share key real estate trends

Well-known Dubai-based developers share insights into key trends shaping the offerings of Dubai’s real estate sector

ADNOC Driling Rig at Upper Zakum - MSCI Index listing

ADNOC Drillling to join MSCI Index this month

ADNOC Drilling is the largest drilling and integrated services company in the Middle East