The Ministry of Finance (MOF) has announced that starting from January 1, 2023, director services undertaken by natural persons serving as members of board..
UAE’s largest pet business bought by Aliph Capital
Aliph Capital has closed its first transaction, which involved the 100 percent buyout of UAE’s largest pet business, The Pet Shop (TPS), which also comprises of DubaiPetFood.com and Petsville. The …
UAE’s top 10 banks’ profitability soars to 15.1% in Q3
The increase in profitability was driven by higher core interest income despite a slowdown in loans and advances (L&A) growth …
UAE: Bank of Sharjah’s losses to equityholders fall to nearly $76.64mln in 9M-22
Bank of Sharjah incurred net losses attributable to the shareholders worth AED 281.35 million in the first nine months (9M) of 2022, compared to AED 1.29 billion in 9M-21. The operating income …
McLaren unveil new livery design from Lebanese artist for Abu Dhabi GP finale
Following on from their change of livery in Abu Dhabi last season, McLaren’s Driven by Change initiative returns again this weekend with a brand new design for the MCL36 …
Abu Dhabi real estate transactions in Q3 exceed $5.7bn
Abu Dhabi’s real estate market witnessed continued growth in the third quarter of 2022, recording a total of 4,441 transactions amounting to over $5.73bn, according to the latest report published by …
The rich history of North African creativity in focus at Abu Dhabi Art 2022
Despite numerous obstacles, North African masterpieces are out in force at this year’s Abu Dhabi Art. Curated by Rachida Triki, an art historian and professor of philosophy at the University of Tunis, …
Menalac spotlights Abu Dhabi as a global destination
Focus on Abu Dhabi will feature a conference headlined by industry-leading speakers from Abu Dhabi’s leisure and entertainment space …
ITC offers an integrated transport plan in support of the Formula 1 Etihad Airways Abu Dhabi Grand Prix
The Integrated Transport Centre of the Department of Municipalities and Transport in Abu Dhabi announced its support to the Formula 1 Etihad Airways Abu Dhabi Grand Prix that is taking place at Yas …
UAE: Company misuses money allocated for Emirati trainees, case filed
The UAE Ministry of Human Resources and Emiratisation (MoHRE) has referred a private company to the Public Prosecution for deducting money from financial s..
UAE: Police arrest gang of five for committing thefts using knives
A gang of five thieves, who used sharp tools to commit robberies in the emirate of Sharjah, was arrested by the police. All members of the group are of African nationality. The Sharjah Police said it …
Etisalat by e& partners with RPM to connect ambulances with 5G saving patient lives in real time
This collaboration will help transform the UAE’s healthcare sector by providing effective solutions capitalising on the benefits of the 5G network to deliver advanced patient care, support …
UAE’s Masdar signs renewable energy MoU with Jordan
UAE’s clean energy firm Masdar has signed an agreement with Jordan to collaborate on renewable energy projects with a total capacity of up to 2 gigawatts (GW). Through the memorandum of understanding …
Consider UAE a ‘Natural Springboard’: UAE Minister to Indian Startups
UAE AI minister Omar bin Sultan Al Olama addressed Indian startups, investors and industry leaders at the Bengaluru Tech Summit 2023 in Karnataka …
MENA fintech hubs must build on billion-dollar momentum to deliver economic growth and diversification
The GCC has cemented its position on the map as a center for financial technology (fintech) in recent years. But the region cannot afford to rest on its …
UAE’s Aliph Capital buys The Pet Shop under first fund
Aliph, which targets medium-sized companies, said the pet care market in the United Arab Emirates was worth $361 million in 2020 — the largest in the Gulf …
UAE: ADGM ties up with Rackspace to quicken its journey to cloud
UAE – Abu Dhabi Global Market (ADGM), a leading international financial centre located in UAE’s capital is partnering with Rackspace Technology, to collaborate on a number of strategic technology …