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BUDAPEST - DUBAI

‘Mini-Dubai’ being built in Budapest amid EUR5bn UAE-Hungary deal

First revealed in 2023 by Hungarian Minister Janos Lazar, the project was said to cost approximately EUR1bn, to enhance and upscale an abandoned neighbourhood in the capital

These 5 sectors dominated Dubai trade events in 2023

The Dubai World Trade Centre (DWTC) has revealed its latest facts and figures regarding how its events in 2023 performed

Dubai ALEC IPO on the cards

Parkin’s $429m IPO oversubscribed 165 times

Dubai Investment Fund sold 749,700,000 shares, equivalent to 24.99 per cent of Parkin’s paid-up capital

India cabinet approves Middle East-Europe trade corridor pact

India cabinet approves Middle East-Europe trade corridor pact

The corridor is an ambitious ship and rail network that will connect Europe with India through the UAE, Saudi Arabia, Jordan and Israel

Almas Tower in DMCC. DMCC is home to over 24,000 companies

Dubai’s DMCC now home to over 24,000 companies, reveals report

The free zone authority shared that a total of 2,692 new companies joined DMCC last year

Dubai’s IPO haul hits Dhs34.5bn in three years

Dubai’s IPO haul hits Dhs34.5bn in three years

The emirate’s continued listing activity is being driven by the implementation of various initiatives such as the IPO accelerator programme

road

4 areas in Dubai where RTA roadwork upgrades are complete

About 18 km of roadworks, as well as the installation of lighting poles along 17 km of existing streets has been completed in Dubai’s Margham, Lehbab, Al Lesaili, and Hatta

Nouran Living by Aldar launches in Abu Dhabi Image: Aldar

Community takes centre stage at Aldar’s new Nouran Living

Construction on Nouran Living is set to begin in Q4 this year, with handovers expected in Q4 2027

DIFC enacts comprehensive digital assets law Image-DIFC

Dubai’s DIFC enacts world’s first comprehensive digital assets law

The new legislation came into effect on March 8 and is available for public access through the DIFC’s Legislative Database

Dubai diamond trade in 2023 Image Getty Images

Dubai diamond trade value dazzles at $38.3bn in 2023

The UAE remains largest trade hub for rough diamonds, with $21.3bn-worth of rough diamonds traded in 2023

Abu Dhabi AI group G42 unveils new AI tool BoardNavigator

How Abu Dhabi’s G42 is bringing AI to the boardroom

BoardNavigator will be able to analyse large proprietary and public data sets to support board members in decision-making processes

Eid al Fitr

When is Eid al Fitr 2024? Here’s how it could be a 9-day long holiday

The official Eid date depends on the spotting of the moon closer to the end of the month of Ramadan

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