Bedu was formed to bring expertise and investment from around the world to the UAE to accelerate the realisation of the vision for Web3, blockchain, NFT.
EGA plans shift to nuclear and solar for aluminium generation as demand soars
Emirates Global Aluminium (EGA), the UAE’s biggest industrial company outside the oil and gas sector, will soon make a complete shift to nuclear and solar energy to produce aluminium, as demand soars …
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Abu Dhabi index down
DUBAI: Major Gulf bourses fell on Thursday and Abu Dhabi’s share index slipped more than 1%, after First Abu Dhabi Bank (FAB) withdrew its offer for a stake in Egypt’s EFG Hermes. Global sentiment …
Dubai’s DEWA shares soar in Gulf’s ‘biggest’ IPO
DUBAI — Shares in the Dubai Electricity and Water Authority rose nearly 16 per cent on Tuesday in the Gulf region’s ‘biggest’ initial public offering (IPO) since Saudi oil giant Aramco in 2019.
Dubai records $463mln worth of realty transactions Thursday
DUBAI – Dubai real estate market recorded 331 sales transactions worth AED1.24 billion and 77 mortgage deals of AED390.84 million, in addition to 24 gift transactions amounting to AED79.48 million …
Abu Dhabi’s sovereign funds purchase shares of 5 Egyptian companies
The Abu Dhabi Developmental Holding Company ADQ invested about 18 billion US dollars to acquire shares of five Egyptian compani …
ICCROM shortlists projects for 21-22 Sharjah Award Good Practice
Sharjah24: Under the patronage of His Highness Sheikh Dr. Sultan Bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, ICCROM-Sharjah announced the shortlisted projects nominated for …
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BlackRock, Abu Dhabi stake in Tata green arm
GreenForest New Energies Bidco Ltd (UK) — a consortium led by BlackRock Real Assets along with Mubadala Investment Company — is investing in the renewable energy subsidiary of Tata Power Company Ltd, …
UAE tax authority announces whistleblower program
A major financial center in Dubai also recently launched a whistleblower mechanism as the Emirates seeks to improve financial transparency.
All-new edition of ISNR Abu Dhabi to launch in October 2022
The International Exhibition of National Security and Resilience (ISNR Abu Dhabi) is scheduled to be held from 10 – 12 October 2022 at the Abu Dhabi National Exhibition Centre. By hosting the seventh …
Abu Dhabi’s Mubadala, BlackRock to invest $525 million in India’s Tata Power’s renewable energy unit
India’s Tata Power Company said on Thursday that BlackRock Real Assets and Abu Dhabi’s Mubadala Investment Company would invest 40 billion rupees ($525.76 million) in the company’s renewable …
Abu Dhabi bank withdraws offer to buy Egypt’s EFG Hermes
First Abu Dhabi Bank (FAB) today withdrew its offer to buy the Egyptian investment bank EFG Hermes. FAB said in a press release that the decision followed consideration of the “co …
HM King; Abu Dhabi Crown Prince, discuss fraternal relations
His Majesty King Hamad bin Isa Al Khalifa and Abu Dhabi Crown Prince and UAE Armed Forces Deputy Supreme Commander His Highness Shaikh Mohammed bin Zayed Al Nahyan discussed bilateral relations and …
Ramadan in UAE: Security guard juggles work calls, inquiries while breaking his fast
A Ugandan security guard, who juggles emergency calls and inquiries while breaking his fast, says nothing beats having Iftar at home with friends and family. Asuman Numba, 32, an employee at an Abu …
UAE: Woman detained for racist rant, insults against country
A woman who caused a public disturbance as she went on a racist rant and made discriminatory remarks against the UAE has been detained. The Abu Dhabi Public Prosecution ordered the pre-trial detention …
Dubai: 52 fines issued over illegal taxi services around airport
The Roads and Transport Authority (RTA) levied 52 fines on illegal taxi services transporting passengers at Dubai Airport Terminal 2 in February this year. Saeed Al Balushi, director of Passenger …
Dubai South Properties appoints company to develop The Pulse Beachfront Villas Community
Dubai South Properties has announced the appointment of Mohammed Abdulmohsin Al-Kharafi & Sons company to develop The Pulse Beachfront Villas Community located in Dubai South at the Residential …