Dubai-based tech start-up alfii raised $2.5 million in a pre-seed funding round as the company aims to expand its team and further develop its product offerings. The latest funding round was led by …
UAE: Farnek wins $97mln facilities management contracts in H1
It has been particularly successful in the hospitality sector, winning contracts for housekeeping, maintenance and security from SLS Residences in Dubai’s Business Bay, the five-star Sofitel The Palm …
UAE’s RAKEZ signs MoU with Manufacturers’ Association of Israel
The economic freezone seeks to provide an adaptive and supportive ecosystem for investors looking to expand their horizons and businesses …
UAE emerges as a pro-Bitcoin mining destination in the Middle East
With Bitcoin mining focused on using clean energy sources, the UAE could see a significant chunk of its energy coming from nuclear and renewable sources.
Geely AGMC expands its UAE network to Sharjah with launch of contemporary new showroom and service centre
AGMC will continue to build Geely sales and service network, with a further facility to come in the Northern Emirates and Abu Dhabi later in 2023 …
A defendant sentenced by Abu Dhabi Criminal Court to 5-year imprisonment and a fine of 500,000 dirhams for inciting hate speech
The Abu Dhabi Criminal Court has issued a judgment convicting the accused (M.R.A.) for posting a video online that incite hate speech. According to the case facts, the defendant posted a video clip on …
How to get an international driving licence in Abu Dhabi
UAE citizens and residents who want to get behind the wheel in a foreign country are required to apply for an International Driving Permit (IDP) while in the UAE. The permit is valid for one year, so …
Cleveland Clinic Abu Dhabi expands clinical trial efforts to address community health issues and enhance medical care in the UAE
Cleveland Clinic Abu Dhabi, an M42 company, is setting the benchmark for research by leading groundbreaking observational and interventional studies foc …
UAE’s COP28 president-designate urges oil, gas industry to step up net-zero commitments
The oil and gas industry needs to achieve net-zero emissions by or before 2050 while an industry-wide commitment to reach near-zero methane emissions by 2030 needs to be accelerated, the United Arab …
Most Gulf markets ease on hawkish Fed; Dubai rises
The major stock markets in the Gulf, with the exception of Dubai, were subdued in early trading on Thursday, tracking Asian shares lower after the U.S. Federal Reserve maintained its hawkish stance.
Dubai saw 10,419 real estate transactions in June 2023, 17.78% higher than last year
June 2023 recorded transactions worth AED 30.41 billion, representing a 34.1% surge in value over the same month last year. Dubai saw 10,419 real estate transactions in June 2023, 17.78% higher than …
Dubai is world’s top market for $10mn homes as sales hit $3.1bn in first half of year
Dubai’s luxury home sales, with a value of more than $10 million, crossed the $3.1 billion mark in the first half of 2023 amid higher demand for prime property in the emirate. The total number of …
Finance ministers of Korea, UAE discuss bilateral cooperation
The finance ministers of Korea and the United Arab Emirates (UAE) met in Seoul, Thursday, to discuss follow-up measures on the UAE’s planned investment of $30 billion here. The UAE plans to invest $30 …
Hedge fund Verition joins rush to Dubai financial hub
A general view of Dubai International Financial Centre (DIFC) (R) among high-rise towers in Dubai, United Arab Emirates June 23, 2019. REUTERS/Christopher Pike DUBAI, July 6 (Reuters) – U.S.-based …
Dubai’s Shuaa Bolsters Investment Bank With Credit Suisse Hires
Dubai-based Shuaa Capital PSC is looking to rebuild its investment banking franchise by bringing in former Credit Suisse bankers amid increasing deal activity in the Middle East. Shuaa in May …
UAE’s Gulf Islamic Investments expands its presence in Saudi Arabia
UAE banking is turning digital, and Dubai’s GII wants to have a big say in it On startup investments, trick is not to fall for valuation hype: GII’s Pankaj Gupta Abu Dhabi’s Mubadala sells trade …
Flash News: OKX to List Decentralized Stablecoin Protocol’s Frax Share Token on its Spot Market
OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, has issued updates for the day of. OKX to List Decentralized Stablecoin Protocol’s Frax Share Token on …