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Speed limits increased on Dubai's Al Amardi street image RTA X

Dubai increases speed limits on these key roads

The RTA will update traffic signs and road markings along the affected segments to ensure compliance with the new speed limits

General Atlantic plans Abu Dhabi office by year-end

General Atlantic plans Abu Dhabi office by year-end

The New York-based private equity firm received preliminary approval for a license to operate out of the Abu Dhabi Global Market

EDGE unveils new space company ‘FADA’

UAE defence firm EDGE forays into space domain with ‘FADA’

The space firm will create advanced facilities for designing, building, testing, and integrating various satellite components

Arcapita, Dgpays consortium acquires majority stake in Mashreq's Neopay

Arcapita, Dgpays consortium acquires majority stake in Mashreq’s Neopay

Neopay, originally established as a strategic division within Mashreq, has expanded rapidly, becoming a key player in the UAE’s digital payments sector

Core42 upgrades Compass for enhanced AI integration

Core42 upgrades Compass for enhanced AI integration

The upgrade includes new features like the Compass Chat mobile app, which offers seamless AI access and enhanced productivity tools for businesses

Nakheel awards construction contract for Como Residences to Alec Engineering & Contracting

Nakheel awards Dhs1.8bn construction contract for Como Residences

The 75-storey luxury residential tower on Dubai’s Palm Jumeirah is scheduled for completion in Q2 2028

UAE treasury bonds, sukuk programmes achieve Dhs25bn in issuances

UAE treasury bonds, sukuk programmes achieve Dhs25bn in issuances

The ministry’s efforts to strengthen the local currency bond market and diversify funding sources are crucial in fostering a stable financial landscape

TSMC, Samsung explore chip factory projects in UAE

TSMC, Samsung consider building chip factories in UAE, WSJ reports

The broader goal would be to increase global chip production and help bring chip prices down without hurting chipmakers’ profitability

ADHA, ADCB offer Emiratis flexible housing loans

Abu Dhabi Emiratis can now access top-up housing loans of Dhs500,000

The initiative is for beneficiaries of the Abu Dhabi Housing Authority’s housing loan programme, with loan amounts of Dhs1.75m

Shaping Sharjah’s transformation: Shurooq CEO shares insights

Shaping Sharjah’s transformation: Shurooq CEO shares insights

Ahmed Obaid Al Qaseer says Shurooq is harnessing Sharjah’s cultural heritage, while implementing initiatives that boost tourism and investment

G42 partners with NVIDIA on next-gen climate solutions

G42 partners with NVIDIA on next-gen climate solutions

The two firms will develop AI solutions aimed at boosting weather forecasting accuracy globally and will set up an operational base and climate tech lab in Abu Dhabi

How Bidzi plans to revolutionise UAE’s SMEs market

Bidzi forays into the UAE to revolutionise M&A market for SMEs

The platform addresses common challenges in the M&A process, such as high costs and fragmented service models, streamlined, and cost-effective alternative

UAE President to begin state visit to US on Sept 23

UAE President to begin state visit to US on Sept 23

The UAE-US relationship, which spans more than five decades, is marked by robust economic ties, with bilateral trade reaching $31.4bn in 2023

Rorix Holdings, Adani Ports ink MoU, target commodities market ecosystem

Rorix Holdings, Adani Ports ink MoU, target commodities market ecosystem

The partnership aims to enhance transparency, efficiency and security within the commodities market, benefitting stakeholders across the globe

AD Ports Group refinances $Dhs2.5bn debt -Image-WAM

AD Ports Group refinances $2.25bn debt, cuts borrowing costs

The new facilities will give the group the flexibility to time its return to the debt capital markets in line with its stated strategy to utilise bonds as the predominant long-term funding vehicle

Karim Maksoud MD of Al Habtoor Motors on EV trends and the JAC's latest offering

Al Habtoor Motors’ MD discusses EVs, JAC e30X and sustainable mobility

Karim Maksoud, managing director of Al Habtoor Motors, shares insights into the future of electric vehicles in the UAE

Dubai's first female land rescue team image courtesy WAM

Introducing UAE’s first female land rescue team

Dubai Police’s female land rescue team consists of 18 non-commissioned officers

Polus Capital Management wins ADIA investment

Polus Capital Management secures ADIA investment

The investment follows the US Federal Reserve’s first interest rate cut in four years, which is expected to boost companies with balance sheet concerns

Botim Transforms Remittances with MENA’s First-Ever 'Send Now, Pay Later' Service

Botim unveils region’s first ‘Send Now, Pay Later’ remittance service

Catering primarily to the UAE’s large expatriate population, the SNPL feature offers financial flexibility, allowing users to send money abroad and pay in installments

PJT Partners to acquire Dubai-based deNovo Partners

US investment bank PJT Partners to acquire Dubai-based deNovo Partners

The deal will help PJT Partners expand its presence in the Middle East, giving it access to a diverse client base

Abu Dhabi’s Mubadala, Aldar deepen ties with Dhs30bn JVs

Abu Dhabi’s Mubadala, Aldar deepen ties with Dhs30bn JVs

The deal seeks to unlock greater value for both parties and boost Abu Dhabi’s global appeal

Arab businesswoman giving presentation to coworkers in office

Women must be on boards of private joint-stock firms, UAE announces

Starting from January next year, at least one seat must be allocated for women after the end of term of the current boards

UAE central bank’s foreign assets up 2% in February

UAE slashes interest rates by 0.5% after US Fed decision

The Central Bank of the UAE (CBUAE) said it has reduced the base rate applicable to the overnight deposit facility (ODF) by 50 basis points, from 5.40 to 4.90 percent

DP World, Nedbank partner to finance Africa trade

DP World partners with Nedbank to finance more Africa trade

Trade finance solutions will enable businesses to move their goods faster and improve their working capital while enabling the flow of trade

Japan, UAE to enter economic partnership talks

Japan, UAE to enter economic partnership talks

The two countries agreed last year to cooperate on technology and climate change, including investments in the chip and battery sectors

MGX, Microsoft, BlackRock team up to launch $30bn AI fund

Abu Dhabi’s MGX, Microsoft, BlackRock partner to launch $30bn AI fund

The infrastructure investments will be chiefly in the US and the remainder in its partner countries

Microsoft Surface Pro 11: AI-driven performance

The Surface Pro 11 sets a new standard for versatility and performance in the hybrid-tablet/laptop market

TAQA signs contract for Dhs150m wastewater project

TAQA launches Dhs150m wastewater project in Al Bahia, Al Sadr

The project will include the construction of a 9.5-kilometre gravity-driven wastewater pipeline and the decommissioning of several pumping stations

UAE banking sector's liquid assets surpass Dhs800bn in Q2 2024

UAE banking sector’s liquid assets exceed Dhs800bn in Q2 2024

On a quarter-on-quarter basis, liquid assets rose by 2  per cent, or Dhs14.9bn, compared to Dhs786.6bn at the end of Q1 2023

Dubai ranks among top 5 in global shipping index for 5th consecutive year

Dubai ranks among top 5 in global shipping index for fifth year

Dubai is the only Arab city among the top 20 listed in the 2024 International Shipping Centre Development Index