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Sam Altman of OPENAI

OpenAI hits $2bn revenue milestone, looks for investors in UAE

Investors have valued the San Francisco-based startup at more than $80bn

DEWA posts Dhs29.2bn in full-year profit

DEWA’s full-year revenue jumps 7% on water, electricity demand

The system demand for power surged to 56.5 TWh in 2023 while water demand grew by 5.2 per cent to reach 144.1 billion imperial gallons

RTA introduces new weeken only bus service to Al Mamza beach Image courtesy RTA X

Dubai gets new weekend bus service to this beach; more citywide route changes

A new weekend-only bus service, W20, will run from Friday to Sunday, from Stadium Metro Station to Al Mamzar every half hour between 5 pm and 11 pm

UAE-Cambodia CEPA goes into effect: Here’s how free trade pacts lift growth

The agreement is expected to boost trade and investment flows in priority sectors such as logistics, infrastructure, travel, tourism, and renewable energy

ChatGPT prompts - with artificial intelligence Man who is discussing marketing analytics. Future. Work by AI smart robot technology.

Hackathon for Dubai students aims to spur on AI interest

The 3-day hackathon will challenge high school students, in teams of 2-4, to design functional projects using AI technologies to help their peers and community

Lunate, Blue Owl partner to invest in mid-size asset managers

ADQ’s Lunate partners with Blue Owl to invest in mid-size asset managers

The joint venture seeks to acquire minority stakes in private market investment managers with fee-paying AuM of less than $10bn

Dubatt unveils first fully integrated battery recycling plant_Image_Dubai Media Office

UAE’s first battery recycling plant to power circular economy

Dubatt Battery Recycling’s fully integrated battery recycling plant – the first of its kind in the UAE – has been formally inaugurated at Dubai Industrial City

RERA fines 30 real estate companies for non compliances with T&Cs stipualted in ads GettyImages-1129092019-1

Dubai: RERA fines 30 real estate firms for this violation

The agency had previously issued circulars and warnings to emphasise the provisions and conditions of real estate advertising and ensure compliance

Rolls-Royce

Rolls-Royce marks Lunar New Year with ‘Year of the Dragon’ Phantom and Cullinan: In photos

Rolls-Royce Bespoke Collective has revealed a modern, minimalistic expression of the dragon never previously seen in its cars

oil

Oil heads for weekly gains after Israel rejects ceasefire offer

Non-OPEC output from Norway and Guyana is increasing while Russia is exporting more crude in February than it planned

EMAAR FY2023 results -photo-courtesy_emaar

Emaar FY2023 profit rises 70%, property sales reach $11bn

The Dubai-based developer reported a 7 per cent increase in revenues to Dhs26.7bn ($7.3bn)

world government summit

World Government Summit 2024: All you need to know

The event will feature over 25 heads of state and governments, 120 governmental delegations, and 85 international and regional organisations

Emirates announces global partnership with NBA, including title sponsorship

Emirates announces partnership with NBA, including title sponsorship

The global partnership deal includes the first-ever referee jersey patch partner of the NBA, starting with the 2024 NBA All-Star Game

Rimac Nevera: World’s fastest, road-legal EV now in UAE

Rimac will reportedly produce only 150 Nevera cars with a price tag of $2.1m each

Aldar to invest $$111m in Europe logistics and storage assets

Aldar, Carlyle to co-invest $111m in Europe logistics and storage assets

The developer will take a majority stake in a co-investment platform, which includes a portfolio of 14 warehouses in the UK

UAE launches ambitious new intellectual property system

UAE launches ambitious new intellectual property system

In 2023, the UAE has witnessed growth in IP applications, with a 9.6 per cent increase in trademarks and a 29.5 per cent increase in intellectual work registrations

In numbers: Dubai real estate registers best-ever performance in 2023

The value of real estate transactions exceeded Dhs634bn with the number of transactions reaching over 166,400 real estate transactions in 2023

ADNEC Group contribute Dhs7.4bn to the local economy

ADNEC Group’s economic contribution in 2023 tops Dhs7.4bn

The Abu Dhabi National Exhibition and Al Ain Convention Centre welcomed 1.78 million visitors, up 123 per cent from 802,000 visitors in 2022

Emirates A380 to Osaka

Emirates to launch A380 to Osaka with Premium Economy

The four-class A380 deployed to Osaka will feature 14 First Class suites, 76 lie-flat seats in Business Class, 56 seats in Premium Economy Class, and 338 seats in Economy Class

Aldar Properties awards contracts worth Dhs22bn in 2023

UAE’s Aldar Properties awards contracts worth Dhs22bn in 2023

The contracts were awarded to 36 UAE-based companies with almost 50 per cent of the value – Dhs10.5bn – being recirculated into the local economy

Bayanat reports robust FY2023 performance AI-GettyImages-1481133084

Bayanat reports 47% revenue growth in 2023, reaches zero-debt position

Bayanat and Yahsat have announced a combined entity, Space42, which will be one of the world’s most valuable publicly listed space companies by market cap

Presight AI-FY2023 results _GettyImages-1194176305

Presight AI FY2023 net profit rises 5.1% driven by projects, global expansion

Presight AI’s Q4 performance saw revenues jumping by 23.3 per cent and net profit margin reaching 42.1 per cent

DTC debuts on DFM Image WAM

Dubai Taxi Company debuts on Dubai Financial Market

Dubai Financial Market applied no price limits on DTC shares during the first day of trading

Dubai hosted 17 million international visitors in 2023

Dubai welcomed 17 million international visitors in 2023

The tourism sector’s performance closely parallels Dubai’s 3.3 per cent GDP growth in the first nine months of 2023

UAE WEATHER - RAIN

UAE weather alert: Rain, thunderstorms and hail forecast for weekend

Parts of the country will see rain and thunderstorms starting Sunday

The Lana opens in Dubai: Inside Dorchester Collection’s first Middle East hotel

The hotel features The Lana Promenade, a central podium hosting retail outlets, restaurants, and an infinity rooftop pool, offering guests a vibrant and luxurious experience

Emirates to reinstate daily service to adelaide Image-Emirates

Emirates to relaunch daily flight to Adelaide

By December, Emirates will return to its pre-pandemic capacity offering 77 weekly services to Australia,with the ability to transport 68,000 passengers per week

mohamed alabbar-eagle hills group

5 things to know about Emaar’s new mall at Dubai Creek Harbour

Emaar’s ambitious new retail project at Dubai Creek Harbour could potentially be bigger than its flagship Dubai Mall

UAE Dubai four-day work week

UAE jobs: Flexible, hybrid work structure unveiled for federal employees

These flexible work types may be granted to employees by federal authorities under exceptional circumstances

Etihad Airways

Etihad Airways signs code share with Air Serbia, increases flights to Middle East, India

Etihad Airways is ramping up its offerings for spring and summer travel with a code share with Air Serbia and increased flights to Riyadh, Bengaluru