#News

IHC sells 42.54 per cent stake in Modon to L’imad Holding

IHC sells 42.54 per cent stake in Modon to L’imad Holding

IHC will sell its entire 42.54 per cent stake in Modon Holding to L’imad Holding Company

Abu Dhabi Indian expat wins Dhs100m in UAE Lottery

Abu Dhabi Indian expat wins Dhs100m in The UAE Lottery

Since its launch, The UAE Lottery has awarded over 200 winners of  Dhs100,000, with more than 100,000 players claiming prizes totaling over Dhs147m

Dubai approves these new AI initiatives to accelerate digital transformation

Dubai approves these new AI initiatives to accelerate digital transformation

The newly launched platform will enable government entities to accelerate AI adoption through a secure, integrated digital environment

Dubai financial sector strategy approved_image-for-illustrative-purposes-Getty Images

Dubai Financial Sector Strategy gets nod, here’s what it entails

The strategy will implement 15 transformative programmes over three years, targeting capital markets, asset and wealth management, SME financing, virtual assets, and fintech

UAE introduces new passport rule: read details

UAE introduces new passport rule: read details

The new policy, effective Monday, August 18, can be accessed via the authority’s smart services platform

Prince Alwaleed bin Khalid bin Talal bin Abdulaziz Al Saud dies after 20 years in coma Image courtesy/ X

Prince Alwaleed bin Khalid bin Talal bin Abdulaziz Al Saud dies after 20 years in coma

The funeral prayer was held on following the Asr prayer at Imam Turki bin Abdullah Mosque in Riyadh, the Saudi Press Agency reported

Dubai launches HMC classification system for AI generated content image-for-illustrative-purposes-Getty Images

Dubai launches new classification system for AI-generated content

The system features icons can be used across sectors and formats, including images and videos, and are intended to help audiences better understand the origins of the content they consume

ADNOC to transfer 24.9 % stake in OMV to XRG

ADNOC to transfer 24.9% stake in OMV to XRG

The transfer, which remains subject to regulatory approvals, is in line with ADNOC’s broader push to streamline its international holdings under XRG

Dubai: How DLD, DET's new initiative will help first-time homeowners

Dubai: How DLD, DET’s new initiative will help first-time homeowners

The First-Time Home Buyer programme offers aspiring Emirati and expatriate homeowners priority access to new launches, preferential prices, and tailored mortgage solutions

Abu Dhabi population rises 7.5% in 2024, exceeds 4 million

Abu Dhabi population rises 7.5% in 2024, exceeds 4 million

The emirate retained its title as the world’s safest city for the ninth year running and was ranked the most liveable city in the MENA region for a seventh consecutive year in 2025

Expo 2030 Riyadh Aerial Day

Expo 2030 Riyadh secures final BIE approval as host nation

Expo 2030 Riyadh will take place from October 1, 2030, to March 31, 2031

UAE evacuates citizens and residents from Iran amid rising tensions

UAE evacuates citizens and residents from Iran amid rising tensions

The UAE has successfully executed evacuation operations, which were coordinated and facilitated by the Iranian side

Dubai to get its own orchestra; launch approved by Sheikh Hamdan

Dubai to get its own orchestra; launch approved by Sheikh Hamdan

By 2033, Dubai orchestra aims to include Emirati talent in 50 per cent of its membership

DET citywide briefing Image Dubai Media Office

Dubai: DET briefing highlights growth, new campaigns and community initiatives

Reflecting the UAE’s Year of Community theme, the briefing underlined the role of collaboration in achieving Dubai’s tourism growth

Dubai Police ranked world’s most reputable police force by study

Dubai Police ranked world’s most reputable police force by study

Dubai Police exceeded the global average across all 11 reputation indicators, scoring particularly high in fair treatment (57 per cent) and integrity (60 per cent)

Eid Al Adha 2025: Dubai’s action plan from safe festivities to free parking

In terms of transportation services, the plan mobilises 104 trains, 16,981 luxury limousines, 13,867 taxis, 1,240 public buses, and 43 marine transport vehicles

Stargate UAE: G42, OpenAI, Oracle, NVIDIA, SoftBank, Cisco to build AI cluster

Stargate UAE: G42, OpenAI, Oracle, NVIDIA, SoftBank, Cisco to build AI cluster

The first phase of the project — a 200-megawatt AI cluster — is expected to go live in 2026

Finastra to sell treasury and capital markets unit to Apax Funds

Finastra to sell treasury and capital markets unit to Apax Funds

The transaction is expected to close in the first half of 2026, pending customary closing conditions and employee consultations

UAE President Sheikh Mohamed holds talks with US President Trump

UAE President Sheikh Mohamed holds talks with US President Trump; visit highlights

The leaders reviewed bilateral ties and explored ways to expand cooperation across sectors including investment, energy, advanced technology, artificial intelligence, and industry

Now use the Parkin smart app to pay for public parking

New: Now use Parkin’s smart app to pay for public parking

The app’s real-time parking finder with a clustering feature helps locate available spaces, while an advanced search function provides access to on and off-street parking options

LEAP East to debut in Hong Kong in July 2026

LEAP East to debut in Hong Kong in July 2026

LEAP East is poised to become a landmark event in the tech world, positioning Hong Kong as a central player in shaping the future of global innovation

World Governments Summit 2025 kicks off in Dubai image courtesy WAM_X

World Governments Summit 2025 kicks off in Dubai

The event will also host thought leaders and experts who will discuss major global trends in more than 200 interactive sessions featuring over 300 global speakers

Nestlé, Dubai AI Campus to develop AI tool to drive product innovation

Nestlé, Dubai AI Campus to develop AI tool to drive F&B innovation

The partnership with Dubai AI Campus aims to anticipate consumer trends and shape the future of the food and beverage industry

Trump orders creation of a US sovereign wealth fund (SWF) GettyImages

Trump signs order to create US sovereign wealth fund

The executive order mandates the delivery of a comprehensive plan for the fund’s establishment within 90 days

Modon Holding to acquire Arena Events Group

Modon Holding to acquire Arena Events Group

Arena Events group, which operates in over 10 countries including the US, UK, and Saudi Arabia, has been a key player in some of the world’s largest sporting events

Dubai international Chambers attracts 207 companies in 2024 Image Dubai Media office

Dubai International Chamber welcomes 207 companies in 2024

This development reflects Dubai’s role as a global business hub and the chamber’s support of its economic growth through strategic international collaborations

2025 named year of community in the UAE

Hand in Hand: UAE President names 2025 as the ‘Year of Community’

The announcement reflects the UAE’s commitment to building a united and resilient society, one that values collaboration, inclusivity and innovation as cornerstones of national progress

UAE embassy in Beirut to reopen

UAE embassy in Beirut to reopen

The embassy’s reopening is a key step in further strengthening bilateral relations, demonstrating the UAE’s dedication to Lebanon’s stability

Dubai ranks among top 10 cities in Global Power City Index 2024

Dubai ranks among top 10 in Global Power City Index 2024

The Global Power City Index ranks the major cities of the world on their comprehensive power to attract people, capital, and enterprises from around the world

Global population reaches 8.156 million in 2024

Global population reaches 8.156 billion in 2024

A further rise to 10 billion is projected in the second half of the century, despite declining growth rates