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DIFC breaks ground on DIFC Square

DIFC breaks ground on new real estate development

This ambitious venture, comprising three interconnected buildings, aims to meet the growing demand for premium office spaces and retail units

Influencer

What you need to know about Abu Dhabi’s social media influencer licence

The rules aim to ensure transparency and accountability in the fast-growing field of influencer marketing

Emiratisation UAE

MoHRE sets June 30 deadline for Emiratisation targets compliance

MoHRE commended the companies that have already met the required growth in Emiratisation

UAE FUEL PRICES - PETROL, DIESEL RATES

UAE announces fuel prices for July 2024: Petrol prices decrease, diesel slightly up

Since the implementation of the deregulation policy in 2015, the UAE has consistently updated its fuel prices on the last day of each month

Egypt - WHEAT - BRICS

BRICS countries back grain exchange idea, Russia says

The exchange would allow buyers to purchase directly from producers

Brookfield Solano County California

UAE’s Masdar bids for Brookfield’s Spanish renewables unit: Reports

Brookfield bought the company from Spanish construction group ACS for EUR1bn in 2018

Co-ownership Dubai Shard

Transforming property investment in Dubai: Shard’s co-ownership model explained

Shard’s CEO tells Gulf Business that its co-ownership model offers a pathway to affordable luxury living in Dubai’s booming property market

UAE cuts Friday sermon to 10 minutes due to sweltering heat

UAE cuts Friday sermon to 10 minutes due to sweltering heat

The directive by the General Authority for Islamic Affairs, Endowments, Zakat (AWQAF) took effect on Friday, 28 June, and will last until early October

SAINT-GOBAIN FOSROC

Saint-Gobain agrees to buy Dubai-based FOSROC in all-cash deal

Since 2021, the Paris-based multinational has bought 35 companies

DBS, Mashreq partner to boost cross-border payments

Singapore’s DBS, Mashreq join forces for same-day cross-border payments

The service will enable Mashreq’s retail customers to make peer-to-peer global payments in select markets across Asia, Europe and the Americas

Abu Dhabi luxury developments

Abu Dhabi’s luxury real estate boom: 9 projects to watch

The emirate’s luxury real estate market is on an upswing with a wave of high-end developments set to redefine city living

UAE to announce petrol prices for July: will rates drop further?

UAE to announce petrol prices for July: will rates drop further?

The fuel price committee slashed the retail prices for Super 98, Special 95, and E-Plus 91 by 20 fils per litre compared to the previous month

Lubambe copper mine - IHCv - Vedanta

Vedanta in talks with IHC unit, investors for Zambian copper stake sale

Vedanta could sell up to 30 per cent of its shareholding in the Konkola assets

Oracle Mashreq

Mashreq Bank to roll out Oracle’s core banking system globally

With Oracle’s common data platform, Mashreq said it will also have the infrastructure needed for advanced analytics, compliance, and strategic decision-making

UAE raises $1.5bn from 10-year bonds

UAE returns to bond market, raising $1.5bn in 10-year bonds

The debt is rated Aa2, the third-highest investment grade, by Moody’s and one step lower at AA- by Fitch Ratings

SingAuto

SingAuto rolls into UAE with self-driving trucks and EV District in Abu Dhabi

SingAuto’s initiative to build the world’s largest commercial EV industrial district marks a significant step towards a sustainable, innovative, and efficient logistics landscape for the region

TA’ZIZ, Japan’s Mitsui build ammonia plant in UAE, to start production in 2027

TA’ZIZ, Japan’s Mitsui to build ammonia plant in UAE, production to start 2027

The facility in Abu Dhabi’s Al Ruwais will have the capacity to produce one million tonnes of low-carbon ammonia per year starting in 2027

UAE reportedly considering 10-year golden business licences

UAE: New guidelines for public-private partnerships, Sandbox Conditions regulation

The PPP Manual and the Sandbox Conditions regulation are crucial steps in the UAE’s strategy to build the country’s business ecosystem

HSBC

HSBC chooses UAE to debut its global trading platform

HSBC said its WorldTrader platform connects to 77 exchanges across 25 markets

How Antonovich Group is revolutionising MENA’s turnkey market

Here’s how Antonovich Group is revolutionising MENA’s turnkey market

The group is witnessing a surge in clients demanding personalised, sustainable, and technology-integrated designs

stock markets

Subscriptions open for Chimera JP Morgan Global Sukuk ETF: How to invest

Investors can subscribe to the ETF units, during the offering period, which runs until July 2

DDoS cyberattacks

DDos attacks up 183% in MENA amid geopolitical tensions: StormWall

As the geopolitical situation continues to evolve in the MENA region, the frequency and intensity of DDoS attacks by hacktivists as well as malicious actors, are expected to persist

Abu Dhabi launches first-of-its-kind Family Business Index

Abu Dhabi launches first-of-its-kind Family Business Index

The index will provide a deeper understanding of the role and impact of family businesses on the economy and society

ADNOC

ADNOC’s expansion into Europe: 7 landmark deals diversifying its energy operations

ADNOC is striking strategic deals across Europe, as it seeks to diversify, its upstream and downstream operations

Dubai Summer Surprises 2024 to kick off with 12-hour mega sale at these malls

Dubai Summer Surprises 2024 to kick off with 12-hour mega sale at these malls

The mega sale will take place on June 28 from 10am until 10pm, with exclusive discounts of up to 90 per cent across more than 100 brands

UAE floods to impact construction projects

Dubai to build Dhs30bn drainage network after record-breaking floods

The Dhs30bn project targets boosting Dubai’s drainage network’s capacity by 700 per cent

ADNOC revives bid to buy Germany’s Covestro, this time with $12bn offer

ADNOC’s initial informal offer to Covestro was reported in June 2023, but it wasn’t until September last year that the German company entered into open-ended formal discussions

Humidity rises, visibility falls: What’s driving the UAE’s weather this week

UAE weather: Conditions fluctuate with fog, hail storm and 50 degrees C high

This is the second time in a week, that temperatures in the UAE, neared the 50 degrees C mark.

UGANDA-KIDEPO-NATL-PARK

Uganda, Sharjah sign deal to build new airport at Kidepo National Park

Construction will start in August, said Abdallah Sultan Al Owais, chairman of the Sharjah business body

RedBird - A logo of The Daily Telegraph newspaper on a newsstand in London, UK, on Tuesday, March 12, 2024. Rupert Murdoch’s News Corp. and the publisher of the UK’s Daily Mail tabloid are weighing an offer for the company that owns the Telegraph newspaper and Spectator magazine, alongside United Arab Emirates-backed investment fund RedBird IMI, people familiar with the matter said. Photographer: Jose Sarmento Matos/Bloomberg

RedBird IMI opens bids for its sale of UK’s Telegraph newspaper

RedBird IMI’s sale of the titles is expected to conclude later this year