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Presight and Wand AI partner to deploy Generative AI Assistants at enterprises across the UAE_GettyImages-1194176305

Presight, Wand AI to develop GenAI assistants for UAE firms

The companies aim to introduce innovative AI solutions across multiple industries, including finance, retail, real estate, construction, and legal sectors

SpaceX to launch Yahsat Al Yah 4 and 5 satellites

SpaceX to launch Yahsat’s Al Yah 4 and 5 satellites

These satellites are expected to eventually replace the older Al Yah 1 and Al Yah 2, launched in 2011 and 2012, respectively

AXA IM Alts grows global presence with ADGM office

French investment firm AXA IM Alts expands global footprint with ADGM office

The Abu Dhabi office will be primarily focused on capital raising across AXA IM Alts’ private and alternative assets range

Dubai-Metro-1

Here’s what Dubai’s metro stations will look like in 2030

Dubai unveiled plans to expand its metro network, to cover over 228 square kilometres by 2040, as part of its ’20-minute city’ agenda

Dubai approves Dhs25bn in new investment incentives

Dubai announces Dhs25bn in new investment incentives

The foreign investment development programme is designed to attract Dhs650bn of investments to the emirate over the next ten years

Mohamed Alabbar - Eagle Hills Chairman

Eagle Hills expands footprint in Iraq, Croatia

Eagle Hills will develop the luxury community which will include a top-tier golf course, residential neighbourhoods, and a five-star hotel among other amenities

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