As year’s second biggest UAE IPO – PureHealth – opens, investors keep eye on LuLu in ’24 DFM is up for its second best year since 2013, with IPOs from Dubai Taxi, Al Ansari Financial Services lighting …
UAE’s new insurance law: Minimum $13,623 claim value mandatory to appeal against dispute committee decision
Expert says that new unit will act as Court of First Instance, reduce number of steps taken to reach resolution
ADB to provide $10-B climate finance for Philippines
The Asian Development Bank (ADB) said on Monday it will allot $10 billion in climate finance for the Philippines between 2024 and 2029. The funds will help the Philippines implement its commitments to climate action under the Paris Agreement,
Growth in UAE’s non-oil sector eases in Nov-PMI
Growth in non-oil business activity in the United Arab Emirates eased in November from multi-year highs seen the previous month as new order growth slowed and business confidence weakened, a survey showed on Wednesday.
Dubai Extradites Hedge Fund Trader Shah to Danish Authorities
Sanjay Shah, a hedge-fund trader accused of masterminding a $1.9 billion tax fraud, has been extradited to Danish authorities just over a year after he was arrested in Dubai.
5G to account for half of MENA subs by 2030: GSMA
Despite a slow start in the MENA region, 5G is projected to account for half of all mobile subscribers by 2030, by which time it also be a significant driver of GDP for the region, says a new GSMA …
GSMA M360 MENA commences in Riyadh as new report confirms 5G is driving GDP growth in the region
At M360 MENA, the GSMA launched the Mobile Economy MENA 2023 Report which revealed 5G’s GDP contribution is expected to reach $60bn in 2030, representing 13% of the overall annual economic impact of …
Malakoff partners Dubai-based Masdar to explore opportunities related to solar PV power plant
Malakoff Corporation Bhd has partnered Abu Dhabi Future Energy Company PJSC-Masdar (Masdar) to identify potential business opportunities through investment and solar photovoltaic power plant project …
Sharjah Art Foundation’s annual film festival brings together 40 films
Director: Payal Kapadia. Sharjah Film Platform 5, Mirage City Cinema, 2022. Image courtesy of Sharjah Art Foundation. Image Credit: Shanavas Jamaluddin Sharjah Art Foundation announces the programme …
Kuwait, Qatar, UAE telecoms merge assets into $2.2B tower company
Kuwait telecom firm Zain Group, Qatar’s Ooredoo and the UAE’s TASC Towers Holding said Tuesday they had agreed to combine their tower assets into a $2.2 billion entity in a cash-and-share deal. In …
UAE-based Pure Food Technology unveils game-changing innovation in vertical farming to offer food security to UAE
Pure Food Technology, a UAE-based, sustainable, agricultural and food technology startup has successfully developed an innovative hydroponic, robotic …
Abu Dhabi’s Masdar, Iberdrola to co-invest EUR15bn in clean energy projects
The partnership will see Masdar taking a stake of up to 49 per cent in Iberdrola’s 1.4GW UK East Anglia 3 offshore wind project.
Dubai Customs Nabs Smuggler With 8.9 Kilos Of Marijuana
However, Dubai Customs officers, equipped with extensive experience and advanced skills from regular training, uncovered the deception. The confiscated narcotics, along with the passenger were handed …
Cemex Unveiled the First Fully Electric Ready-Mix Truck in the Middle East During COP28 in Dubai
This week, during COP28 in Dubai, Cemex unveiled the first fully electric, zero-emissions ready-mix truck in the Middle East. The truck is fully opera …
Penthouse sells for record-breaking $136M in Dubai — and it isn’t even built
In Dubai, a profoundly opulent domicile has just sold for slightly more than $136 million, the most expensive price ever paid for a penthouse there, according to CNN. (The now-smashed former record was set earlier this year, when a floor-through unit at …
Fossil fuel debate takes centre stage as COP28 continues in UAE
The debate about the necessity to phase out fossil fuels continued at the COP28 climate summit in Dubai following the emergence yesterday of a recording of a heated exchange between Chair of the Elders Mary Robinson and President of COP28 Sultan Ahmed Al-Jaber.
Huawei and etisalat by e& demo net zero 5G massive MIMO
UAE telecoms group etisalat by e& has announced a strategic alliance with Huawei to unveil what is described as the first net zero 5G Massive MIMO site deployment in the MENA region.