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Microsoft Invests $1.5 Billion in Abu Dhabi’s G42 Image supplied

Microsoft invests $1.5bn in UAE’s G42 to power AI adoption

Both companies will support the establishment of a $1bn fund for developers to help drive innovation and competitiveness in the UAE and the broader region

Sheikh Hamdan dubai

Sheikh Hamdan announces remote work for Dubai Government due to ‘unstable weather’

The NCM has forecast unstable weather conditions including rain and thunderstorms

uae weather - school - rain

UAE schools shift to remote learning, MOHRE issues advisory as heavy rainfall forecasted

The decision to implement remote education has been announced due to the expected adverse weather conditions, aiming to ensure the safety of students and teaching staff

airline - middle east

Major airline travel disruption in the Middle East

Airlines traveling between Europe and Asia will be restricted to two viable alternative routes

UAE - WEATHER - RAIN-NCEMA

Rainy weather forecast across UAE: NCM

Mariners and sea-goers are also urged to exercise caution as rough seas are forecasted due to unstable weather conditions during this period

New 3-lane Al Khaleej Street Tunnel project to ease traffic flow Image RTA

Dubai: New Al Khaleej Street Tunnel project to ease traffic, cut travel time

The state-of-the-art tunnel will span 1,650 metres and is designed to accommodate up to 12,000 vehicles per hour in both directions

How drones and AI are transforming law enforcement interview with Russell Hammad of Zenith Technologies

How drones and AI are transforming law enforcement

Zenith Technologies CEO and founder Russell Hammad shares how drones and AI are helping law enforcement agencies improve operational efficiency

Bill Gates, UAE President discuss humanitarian cooperation

Bill Gates also congratulated the UAE President on Eid Al-Fitr and thanked the Emirates for its positive outcomes at COP28

Mubadala

Mubadala-backed Atvos to build $69m biomethane plant in Brazil

The biomethane plant is expected to have a 28-million cubic meter capacity per crop and will be Atvos’ first one based on sugar cane wastes

ICD BROOKFIELD PLACE

Olayan, Lunate acquire stake in ICD Brookfield Place

Lunate and Olayan Financing Company will each possess a 24.5 per cent equity interest in ICD Brookfield Place

Dubai sees strong overnight visitor numbers in Jan and Feb GettyImages-1417041621

Dubai receives 3.67 million overnight visitors in Jan-Feb

Dubai recorded 1.77 million international visitors in January, and 1.9 million in February, according to DET figures

Abu Dhabi approves first housing and benefits package of the year Image WAM

Abu Dhabi approves Dh2.18bn housing package for citizens

The package was approved under the directive of UAE President Sheikh Mohamed bin Zayed Al Nahyan, in his capacity as Ruler of Abu Dhabi

All you need to know about partial solar eclipse in UAE today

Solar eclipse time: Watch live stream

The exact timing of the eclipse varies by state and time zone across the North American continent, with visibility contingent upon weather conditions

dubai fireworks

Eid al Fitr 2024 fireworks across UAE: Where to watch it in Dubai and Abu Dhabi

From Dubai’s Global Village to Yas Island in Abu Dhabi, fireworks will light up the night sky to mark Eid al Fitr 2024

Etihad Airways to fly to Al Qassim from June Image Etihad Airways

Etihad to debut flights to this new Saudi destination

In addition to the Al Qassim route, Etihad Airways will increase frequencies to various destinations, including Antalya and Jaipur, starting June 15

ADX, DFM log direct deals worth Dhs1.6bn during Ramadan

ADX, DFM log direct deals worth Dhs1.6bn during Ramadan

In ADX, five large direct deals were executed on 243.4 million shares, amounting to Dhs683.3m

Emirates Development Bank milestones in numbers GettyImages-124638324

In numbers: Emirates Development Bank’s role in boosting UAE’s economy

The development bank has set an ambitious target of providing Dhs30bn in financing support to 13,500 companies by 2026

Consumer spending rises in 2023 shows Majid al Futtaim State of the UAE retail economy report

UAE consumer spending rises 13% in 2023, reveals retail report

The report showed that e-commerce spending continued growing in 2023, with a 15 per cent growth rate since 2022

solar eclipse

Total solar eclipse on April 8, 2024: Time, path and how to watch

The upcoming total solar eclipse slated for April 8 is set to be one of the most significant astronomical occurrences of the year.

Jared Kushner's Affinity Partners developing Balkan projects

Mohamed Alabbar in talks with Jared Kushner for Serbia project

Kushner told Reuters last month he was in talks over investing in Belgrade, the capital of Serbia, to transform the old army headquarters

FAB issues $800m sukuk, marks first for the year globally

FAB exploring purchase of Turkey’s Yapi Kredi Bank: Reports

FAB has held early exploratory talks with owners of several Turkish banks

Traffic fine discount - Abu Dhabi - UAE

Abu Dhabi announces road closures, traffic rule change

Motorists should be aware of changes to traffic movement and road closures announced by Abu Dhabi’s transport regulatory authority

Abu Dhabi

Abu Dhabi private sector sees robust growth, value hits Dhs338.9bn in 2023

The sector’s ongoing contributions to Abu Dhabi’s GDP were shared by ADDED and ADIO at the second edition of their Al Multaqa meeting held recently

parkin

Eid al Fitr 2024: Free parking dates announced for Dubai and Sharjah

The RTA notification said that free parking hours will be in effect from Ramadan 29 until Shawwal 3

UAE

UAE jumps 10 places in global FDI confidence index

Developed markets dominate the top 25, but emerging markets like the UAE and Saudi Arabia witness significant rises

EGYPT

UAE deal bolsters Egypt’s foreign reserves in March

Egypt received the initial $5bn payment from the UAE in its $24bn deal at Ras El Hekma peninsula west of Alexandria

SCA declares Eid Al Fitr holidays for UAE financial markets Image WAM

Eid Al Fitr 2024: SCA announces holiday dates for UAE financial markets

The Eid Al Fitr holiday will start on Monday, April 8, 2024 (Ramadan 29, 1445 AH)

oil

Brent settles above $90 for first time since October

Investors will look to economic data and monetary policy for potential clues on the outlook for oil demand

Dubai Metro red line timetable tweaked to ensure seamless travel for commuters RTA Image WAM

Dubai Metro: Timetable upgrade at Red Line Y junction to ensure direct travel

Dubai Metro trains will operate alternately, ensuring journeys from Centrepoint directly to UAE Exchange and Expo 2020 Stations without the need to switch trains at Jabal Ali Station

BlackBerry cyber

BlackBerry reports profit on demand for cybersecurity services

BlackBerry expects first-quarter revenue in the range of $130m to $138m, below analysts’ estimate of $151.12m.