In the UAE, where 42 per cent of water is sourced from energy-intensive desalination plants, the nation faces the challenge of meeting one of the world’s highest water consumption rates – an average …
UAE first crypto mining ICO for Phoenix Group raises $370 million with retail clients as biggest investors
As the crypto market goes green so is crypto mining investment in the UAE. For the first time in the MENA region, a UAE home grown crypto mining entity Phoenix Group has carried out a successful IPO …
Sharjah Club extends Marcus Meloni’s contract
Marcus Meloni, a Brazilian defender with the Sharjah Football Club, has had his contract extended until 2026. Abdullah Al Ajlah, President of Sharjah Football Club Company, presided over the renewal …
Cop28 kicks off in Dubai next week: Who’s going and who’s not?
Fellow pariah, President Vladimir Putin, is not expected in Dubai. He has barely left Russia since invading Ukraine in 2022, and a subsequent international war crimes warrant was issued for him.
Dubai property market zooms, realty deals record 37% growth in 3rd quarter
The Dubai real estate market achieved remarkable and unprecedented results in property transactions. In Q3 2023 alone, the value of these transactions soared to Dhs430 billion, showcasing an …
Dubai Penthouse Sets Price Record for the City With AED500 Million Sale
Dubai has a new record for the most expensive penthouse sold in the city, as a nearly 22,000-square-foot apartment at Como Residences on Palm Jumeirah has sold for AED500 million (US$136.13 million), …
RTA Installs solar panels at Dubai Metro and Tram Depots
Dubai’s Roads and Transport Authority (RTA) has started the installation of solar energy panels at the Dubai Metro Depots at Jebel Ali and Al Qusais as well as the Tram Depot at Al Safouh. The project …
Expo City Dubai to be powered entirely by renewable energy
Expo City Dubai is to be powered entirely using electricity generated from renewable sources. Dubai’s Electricity and Water Authority is to provide 100,000 megawatts of renewable energy from the …
FICC to increase the number of banks supported by CBI
The FICC announced on Tuesday that it has undertaken an initiative to increase the number of correspondent banks supported by the CBI.
Exporters hail govt’s move to allow TRQ holders under India-UAE trade pact to import gold through IIBX
Gems and jewellery exporters on Tuesday welcomed the government’s move to allow valid licence holders to import specified quantities of gold at concessional customs duty from the UAE under the free …
Middle East Sees Year-End IPO Rush Despite War, Global Listings Gloom
The market for new share sales sprang to life in the Middle East, where investors snapped up all stock on offer in a taxi company in under an hour and put in orders worth $12 billion for a …
Dubai Taxi IPO price range values company at up to $1.25 bln; strong demand expected
DUBAI, Nov 21 (Reuters) – Dubai Taxi Company (DTC) on Tuesday kicked off the subscription period for its upcoming initial public offering (IPO), which could raise up to around $316 million, with …
UAE: Sheikh Mohammed bin Rashid receives delegations attending conferences of ICAO, ITU
First Deputy Ruler of Dubai and Deputy Prime Minister and Minister of Finance of the UAE. At the reception, Sheikh Mohammed expressed the UAE’s commitment to delivering effective and innovative …
Upcoming Dubai summit should break climate finance deadlock
Recently the United Kingdom surprised many when it announced a reversal of the initial targets of selling new petrol and diesel cars from 2030 to 2035.And that was not it. The country will also slow …
Sharjah advances to Asian Men’s Handball Champ. semi-finals
With a 34-21 victory over the Shabab Saida, the Sharjah men’s handball team won their fourth straight game at the 26th Asian Men’s Handball Championship.
Toto Wolff aims dig at former Formula 1 race director Michael Masi ahead of Abu Dhabi showdown with Ferrari
Toto Wolff has taken a swipe at F1’s former race director Michael Masi ahead of the last race of the 2023 season in Abu Dhabi.
Max Verstappen can break ANOTHER F1 record at Abu Dhabi Grand Prix
Max Verstappen’s record-breaking 2023 could still get better at the season ending Abu Dhabi Grand Prix, as he looks to seal the record for the percentage of laps led in a single season. Whilst the …