#News

Travel to US to get easier for UAE citizens; here's why

Travel to US to get easier for UAE citizens: here’s why

Emirati citizens who apply and are approved for the Global Entry programme will benefit from expedited entry at 75 airports across the US and other participating countries

Linkedin reveals top UAE startups for 2024 GettyImages-186125041

LinkedIn names these UAE companies as top startups for 2024

The emergence of these startups is not only indicative of individual success but also highlights the broader trends shaping the UAE’s economic environment

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

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

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

UAE, China look to strengthen comprehensive strategic partnership

UAE President Sheikh Mohamed bin Zayed Al Nahyan and Chinese Premier Li Qiang met this week to discuss economic, political, and cultural cooperation between the nations

Dubai unveils Dhs4.5bn Dubai National University to boost higher education

Dubai unveils Dhs4.5bn national university to boost higher education

The university’s vision aligns with the emirate’s goal of fostering a knowledge-based economy, providing students with skills to meet the demands of the global workforce

UAE President host Egyptian Minister Dr Badr Abdel Ati, Egypt's Minister of Foreign Affairs and Migration Image WAM

UAE, Egypt discuss strategic cooperation during high-level meet

The discussion focused on enhancing bilateral cooperation across economic, developmental and political spheres

Sheikh Khaled bin Mohammed bin Zayed Al Nahyan, Crown prince of abu Dhabi arrives in New Delhi Image WAM

Abu Dhabi Crown Prince arrives in India on state visit

The Crown Prince is accompanied by a high-level delegation including ministers, senior officials and business leaders

Brands for less sells 35% stake to The TJX Companies

Brands For Less sells 35% stake to The TJX Companies

The deal values BFL Group at an enterprise value of $1.2bn

DEWA announces H1 2024 results

DEWA reports H1 net profit at Dhs2.6bn, revenue growth of 7.3%

As of June 30, the utilities major had 1,236,845 electricity and water customer accounts, an increase of 52,134 (4.4 per cent) compared to the same period last year

EQT to buy majority stake in cybersecurity firm ACRONIS GettyImages

EQT to acquire majority stake in cybersecurity firm Acronis

The completion of this transaction is pending customary regulatory approvals and is anticipated to take place in Q1-Q2 2025

World gold demand rises in q2 2024 Image Getty Images

Global gold demand rises 4% in Q2, reveals World Gold Council

The surge in gold demand was primarily supported by a significant 53 per cent increase in over-the-counter transactions, which reached 329 tonnes

Grand Finale Group Michelin Dubai Guide 2024

Michelin Guide Dubai 2024: list revealed

The MICHELIN Guide Dubai 2024 selection includes four new one MICHELIN Star and six new Bib Gourmand restaurants

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

Egypt: bp partners with Masdar, others on green hydrogen project Image: Getty Images/ For illustrative purposes

Egypt: bp partners with Masdar, others on green hydrogen project

The consortium will investigate the feasibility of a large-scale, multi-phase project focused on the development and export of green hydrogen and its derivatives

Dubai Mall's new paid parking system starts on this date

Dubai Mall’s paid parking system starts on this date

The initiative aimed at enhancing the guest experience, improving parking availability and streamlining the process will apply to Grand Parking, Cinema Parking and Fashion Parking

Egyptian fintech Sahl successfully raises $6m in Series A round

Egyptian fintech Sahl successfully raises $6m in Series A round

Sahl’s strategic vision is to dominate Egypt’s EGP2.5tn digital payments sector by capturing a significant portion of collections for utility companies, a segment worth EGP250bn annually

UAE-President and ruler of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan approves second housing benefits package photo-courtesy_WAM

Abu Dhabi approves Dhs3.3bn housing benefits package for citizens

The housing benefits package includes housing loans worth over Dhs3.046bn, aiding 1,766 citizens in Abu Dhabi

Ministry of Economy, TRDA impose strict rules, heavy fines to check telemarketers

UAE: Ministry of Economy, TDRA impose strict rules, heavy fines to rein in telemarketers

Starting mid-August, telemarketers have to operate within stricter guidelines, including avoiding calling before 9am or after 6pm

Tadweer and Dubal acquire Enviroserve

Tadweer Group, DUBAL acquire e-waste company Enviroserve

Established in 2004, Enviroserve has the region’s only integrated e-waste processing hub spanning the Middle East, Africa, and Caucasus region

Mina Al Hamriya expansion project completed by DP World Image DP World

DP World concludes major expansion of Mina Hamriya project

The enhancements will enable the handling of a wider variety of vessels from traditional dhows to Ro-Ro, bulk and container carriers

Miahona to float IPO on Saudi Exchange GettyImages-1179702144-e1705645076672

Saudi IPO: Miahona Company to list shares on Tadawul

Miahona was established as one of the first proponents of the public-private partnership (PPP) model in the kingdom

Alpha Dhabi to divest 49 per cent stake in construction subsidiary to ADQ Image-courtesy-WAM

Alpha Dhabi to divest 49% stake in construction firm to ADQ

The collaboration will enable the entities to tackle complex, large-scale projects with a keen focus on safety, quality, and timely delivery

spinneys IPO to see 900 million shares listed image courtesy spinneys

Spinneys IPO: Food retailer to list 25% of shares on DFM

The subscription period for UAE retail investors will run from April 23-29, and for professional investors until April 30

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

Rising e-waste cause for concer shows UNITAR report GettyImages-172261628

E-waste volume could hit 82 million tonnes by 2030: report

Worldwide, the annual generation of e-waste is rising by 2.6 million tonnes annually

VF Corporation's Martino Scabbia Guerrini and GMG CEO Mohammad A. Baker sign partnership agreement

Retail giants GMG, VF Corp boost alliance, explore expansion

Currently operating 90 VF’s mono-brand stores in MENA and SEA, GMG aims to roll out over 300 stores during the next five years

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

AD Ports group, Iraq sign deal too develop free zone Pic for illustrative purposes

AD Ports Group, Iraq to develop Al Faw Grand Port and Economic Zone

The agreement aims to stimulate trade connectivity and strengthen economic partnership between the UAE and Iraq