Shares of Dubai’s DAMAC Properties DAMAC.DU surged more than 11% in early trade, its biggest percentage rise in over three months, after Reuters reported its chairman was considering buying out …
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Saudi CMA approves BinDawood, White Cement IPOs
Riyadh – The Saudi Capital Market Authority (CMA) has approved the request of BinDawood Holding Company to offer 20% of shares through an initial public offering (IPO). A total of 22.86 million shares …
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Amlak International’s IPO prices shares at 16 Saudi riyals
NCB Capital, financial advisor, lead manager, bookrunner and underwriter for Amlak International’s IPO, announced the successful completion of the book building process for institutions and investment …
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Sofitel Dubai Wafi set to open in September 2020
Dubai’s Oud Metha area is set to get a new luxurious hotel later on this year – the Sofitel Dubai Wafi. The team says the property will “merge modern French luxury and ancient Egyptian heritage with …
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Gang steals Dh660,000 from Sharjah safe; arrested within 24 hours
Sharjah Police have arrested a gang of three members who allegedly stole a treasury containing currency worth Dh660,000 within 24 hours of receiving the report. The Sharjah Police Criminal and …
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Winners of UAE NewSpace Innovation Programme announced
UAE NewSpace Innovation Programme, one of the main pillars of the Global Space Industry Accelerator (GSIA) initiative, is a three-month program worth Dh2 million that will incubate the space projects …
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Expat gang steals Dh660,000 in UAE, arrested within 24 hours
A three-member gang of Asian men, who decamped with a safe containing Dh660,000 from an apartment in industrial area, was arrested by the Sharjah Police within 24 hours of the crime. After receiving …
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TABLE-UAE’s Fujairah oil inventory data for week ended June 29
Fujairah Oil Industry Zone on Wednesday published, via industry information service S&P Global Platts, the following weekly inventory data for oil products for the week ended June 29. Volumes are in …
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UAE’s BPGIC says limited impact from virus on oil storage facilities
Brooge said the second phase of its storage capacity expansion plans in Fujairah is expected to be completed by the end of 2020 …
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UAE- MBZUAI, Virgin Hyperloop to boost research, innovation in AI
In a virtual ceremony, the MoU was signed by Dr Sultan Ahmed Al Jaber, UAE Minister of State and chairman of the board of trustees at MBZUAI, and Sultan bin Sulayem, group chairman and ceo of DP …
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US-Bangla brings home 153 Bangladeshis from UAE in second phase of repatriation
Bangla brought back 152 Bangladeshis stranded in UAE, said US-Bangla General Manager (Public Relations) Kamrul Islam. A special flight of US-Bangla Airlines on Tuesday repatriated another 141 …
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UAE’s Mars mission sparks big interest in residents
The UAE’s Emirates Mars Mission – also known as the Hope Mars Mission – has sparked considerable interest among UAE residents over the past 12 months, with searches for the mission increasing by 85 …
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‘Hamilton’ to ‘Cursed’: 21 films and TV shows coming to UAE streaming services in July
Expect global premieres and plenty of shows newly available in the UAE to drop on regional streaming platforms this month. We round up the best new films and TV shows being released across Amazon …
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Dubai Economy launches virtual ‘market dialogue’
Dubai Economy has launched a ‘Market Dialogue’ initiative to broaden its communication with the business community and consumers through advanced technology platform. The virtual dialogue seeks to …
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Hyperloop One pens AI research agreement with UAE university
Fast transportation will play a key role in how the Middle East emerges from the current economic situation, according to Sultan bin Sulayem …
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Phase One of Dubai 10X completed
The first phase of the Dubai 10X initiative that features disruptive projects launched by several government entities in Dubai has been completed. Dubai 10X has achieved massive leaps in disruptive …
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Hamdan bin Mohammed announces conclusion of Phase One of Dubai 10X
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, and Chairman of the Board of Trustees of Dubai Future Foundation, DFF, said that D …
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