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UAE

UAE’s DEWA IPO subscription period opens today

The price range is set between Dhs2.25 and Dhs2.48 per share, implying a market capitalisation of between Dhs112.5bn and Dhs124bn

Natural History Museum Abu Dhabi

Abu Dhabi to open Natural History Museum in 2025

The museum, currently under construction, is located in the Saadiyat Cultural District

Abu Dhabi’s ADQ, Turkey Wealth Fund launch $300m venture capital fund

The fund will invest in companies developing emerging technologies or improving existing ones in key sectors

KFC Operator

Middle East KFC operator starts early talks over listing

Discussions are ongoing, but no advisers have been hired

Dubai’s Shuaa Capital launches $250m venture debt fund

The fund claims to be the largest venture debt fund in the GCC

UAE reports 332 Covid-19 cases, 974 recoveries

The nationwide case count stands at 888,715

ADNOC

Abu Dhabi’s ADNOC signs agreements with German companies to collaborate on clean hydrogen

The partnerships build on ADNOC’s position in Asian clean hydrogen markets

Dubai’s Emirates to boost services to Melbourne

The carrier’s Australian operations will increase to 42 weekly flights

Museum of the Future signs partnerships with RTA, Emirates, Audi, among others

These partnerships support the museum’s role in enhancing Dubai and the world’s readiness for the future

Abu Dhabi Fund for Development opens five colleges in Jordan

The colleges were built with ADFD funding worth Dhs80.3m

Flydubai

Flydubai to temporarily operate flights to 34 destinations from Dubai World Central

The Roads and Transport Authority will provide a complimentary bus service between all terminals at DXB and DWC every 30 minutes

UAE reports 316 Covid-19 cases, 958 recoveries

The nationwide case count stands at 888,383

Abu Dhabi Islamic Bank approves cash dividend equalling 48.5% of net profit for 2021

The bank’s shareholders also elected a new board of directors

Emirates Draw

UAE-based Dhs100m Emirates Draw to allow entries to be purchased using crypto

Emirates Draw has signed a partnership with YottaChain International Holding to allow the use of Tether to purchase entries

Dubai Airports to close DXB’s northern runway for 45 days

A number of flights will be redirected to Dubai World Central to limit the impact on service

UAE cabinet

UAE Cabinet approves strategy to regulate operators of crowdfunding platforms

The UAE Cabinet met at the Expo 2020 Dubai during which a number of initiatives and legislations were approved

UAE’s ADGM, FSRA look to amend capital markets framework

ADGM’s FSRA has published a paper proposing wide-ranging amendments covering virtual assets, securities, derivatives, commodities and benchmarks

UAE property rentals: short term versus long term

Looking to list your home as a short-term or long-term rental property, or planning to rent a property for a year or more? The CEO of Dubai-based property management firm, Frank Porter, shares the pros and cons

Abu Dhabi’s Yas Mall to introduce over 100 new retail stores by summer

Yas Mall is increasing its food and beverage and entertainment offerings by over 50 per cent, and introducing a dedicated home furnishing district

In pics: Commander-in-chief, Dubai Police, opens Gisec Global 2022

More than 300 global cybersecurity brands are showcasing technologies at the event

UAE’s e& builds on existing partnership with Microsoft

The collaboration includes a focus on business-to-business engagement across large enterprises, governments, and small and medium-sized businesses

How is the cross-border payments space evolving

Speaking to Gulf Business, Amir Nagammy, Wizz Financial co-founder and group chairman delves into the company’s expansion plans and the disruption within the payments space

Dubai’s Shuaa Capital acquires majority stake in Souqalmal

Shuaa joins existing investors Riyad Capital and UK comparison website GoCompare

Bloom Holding launches all-inclusive community with over 4,000 homes in Abu Dhabi

The community is located close to Zayed City and the Abu Dhabi International Airport

Dubai to tighten licencing measures for delivery bike riders

The number of accidents involving motorbikes increased by 25 per cent from 300 in 2020 to 400 in 2021

Japan asks UAE to boost oil output

OPEC+ is reviving supplies after its deep cuts at the start of the pandemic in 2020

Expo 2020 Dubai clocks in 20 million visits as of March 19

The exhibition runs until March 31, 2022

Ramadan Eid 2022

Revealed: Dates for Ramadan and Eid Al Fitr 2022 in UAE

The Suhoor and Iftar timings across the country have also been indicated

The changing landscape of investment advisory across UAE and GCC

Clients are increasingly seeking the advice of asset managers who possess a rich knowledge of local and regional market dynamics