Kraken is the first global virtual assets exchange group in the UAE to receive a full financial licence from the ADGM …
Abu Dhabi’s Multiply Group swings to first-quarter profit on strong investments
Abu Dhabi-based Multiply Group swung to profit in the first quarter of the year, driven by strong investments, as the UAE’s economy continues to recover from the coronavirus-induced slowdown. Net …
Abu Dhabi Commercial Bank’s quarterly net profit up 32%
Abu Dhabi Commercial Bank (ADCB), the third-largest lender in the United Arab Emirates, on Monday reported a 32% increase in first-quarter profit on higher net fees and commission. DUBAI, April 25 …
Europe Buys Abu Dhabi Crude To Replace Russian Barrels
Abu Dhabi crude is preparing to make its way to Europe for the first time in two years as the European Union seeks replacements for Russian oil …
UAE: Parking in reserved spaces? You could get a Dh1,000 traffic fine
Motorists could be fined Dh1,000 and penalised with 6 black points for parking in spaces designated for people of determination, Ajman Police says. In a post on Instagram, authorities reminded …
Stage set for lavish Iftar parties in Dubai
Dubai is all set to welcome Ramzan festivities with great fervour. It’s that time of the year when streets are bustling with foodies from across the world waiting to indulge in …
Dubai’s ICD Explores Sale of $1 Billion IT Services Firm
Dubai’s sovereign wealth fund is exploring a potential sale of British software services company SmartStream Technologies Group, according to people familiar with the matter. Investment Corp. of …
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Dubai shipyard takes express delivery of Thordon’s largest ever rudder bearing
After a recent visit to the Dubai shipyard, a 7,506 TEU containership is now sailing with the largest rudder bearing ever manufactured by Thordon Bearings. The 2001 …
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Indian PM Modi meets UAE business delegation in Kashmir
Indian Prime Minister Narendra Modi has met a delegation from the UAE during his visit to Jammu and Kashmir to launch several large development projects. “A short while ago, I got an opportunity to …
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Kraken Receives Full Financial License in UAE, Sets Up Middle East HQ
This marks Kraken the only exchange to receive full clearance from Abu Dhabi’s financial regulator, after Binance got only an in-principle license.
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UAE: MBRU Researchers make first novel gene discovery
The first novel gene discovery in the UAE has been made by researchers at the Mohammed Bin Rashid University Of Medicine and Health Sciences (MBRU). The finding, which comes in time for World DNA Day …
Full Fibre roll-outs by CityFibre will help UK level up with investment from UAE
The UK could gain access to more than £38 billion in economic benefits through its UAE-backed Full Fibre roll-out, a report has shown. The report by consultancy firm Hatch says CityFibre’s continuing …
‘Empty plates’ on Dubai’s roads highlight world hunger
STORY: This was part of the Mohammed Bin Rashid Al Maktoum Global Initiatives in the United Arab Emirates, which launched the “1 Billion Meals” campaign, to get 1 billion meals to underprivileged …
RTA connects Dubai South to bus network in co-operation with private sector
“This route will start public service between Expo 2020 Metro Station and Dubai South from 06:00 am to 12:00 (midnight) at a frequency of 90 minutes,” said Adel Shakri.
Abu Dhabi-based Emirati’s journey from working in IT to digitising the making of kandoras
How an AI-powered online platform that custom makes and sells kandoras came about “If a dirham knocks at your door and doesn’t find another dirham to greet him, he will leave and move on to the next …
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Dubai property brokerage plans to sell ‘metaverse mansions’
A Dubai property brokerage plans to sell the region’s first “metaverse mansions”, where buyers can own (NFT) with and without the bricks and mortar asset.
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UAE’s Damac Group to invest $100m in metaverse project
UAE-based Damac Group, the parent company of property development company Damac Properties, has announced plans to enter the metaverse. Damac plans to invest up to $100m for its latest project to …
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