Following the increased allocation to the UAE Retail Offer, the Qualified Investor Tranche will be allocated 659,736,000 shares, instead of 674,730,000 ordinary shares, representing 88 per cent of the …
Privatisation to spur GCC IPO momentum in 2024
Although the overall value of funds raised through primary public listings dropped by about 55 per cent annually, the number of IPOs in the GCC declined marginally to 46 issuances in 2023 from 48 …
Bolstering a thriving economy: UAE’s exit from FATF grey list
All indicators prior to UAE’s exit from the grey list pointed towards the economy growing, with foreign investment and business activity rising On February 23, 2024, the Financial Action Task Force …
Ramadan in UAE: This Indonesian family adjust schedules to pray, have iftar together
Ramadan is a highly anticipated month for Muslims around the world, and for Cinta Budiarsya, a 45-year-old Indonesian expat residing in the UAE with her husband and four children, it holds a special …
UAE: How students fast during Ramadan, modify study timetable for board exams
The student who is getting ready for his upcoming Economics exams, added: “As board students we tend to stay up all night and cover the syllabus but we have been advised that we should sleep early to …
India Has Done Well At WTO Meeting At Abu Dhabi
By K R Sudhaman There are reasons for India to be satisfied with the outcome of the just concluded World Trade Organisation ministerial, the 13th ministerial conference that ended in Abu Dhabi last …
Man accused of smuggling snake into Dubai in ‘black magic’ plot
A traveller has been arrested on suspicion of smuggling “black magic” contraband into Dubai, including a live snake stashed inside a plastic bag. The man had the illicit items, which also included a …
2nd Sharjah Animation Conference to take place from May 1-5
The Sharjah Book Authority (SBA) is set to return with the 2nd edition of the Sharjah Animation Conference (SAC), a first-of-its-kind event that brings the vibrancy and creativity of the animation and …
The 13 best restaurants in Dubai
Dubai’s culinary scene has changed with the arrival of the Michelin Guide and Middle East and North Africa’s 50 Best Restaurants, a regional offshoot of the World’s 50 Best Restaurants. The …
Naval Group form joint development agreement for UAE NCMS
Tawazun Council, Naval Group, and Marakeb Technologies have formalised a Joint Development Agreement aimed at advancing the United Arab Emirates’ (UAE) defence capabilities through the creation of the …
Exclusive: Israeli forces fired on food convoy in Gaza, UN documents and satellite analysis reveals
Israeli forces fired on a United Nations convoy carrying vital food supplies in central Gaza on February 5, before ultimately blocking the trucks from progressing to the northern part of the territory …
Sharjah Excellence Award’s 2023 edition announces the participation of 98 economic entities
The Sharjah Excellence Award’s Board of Trustees has announced it has accepted nomination applications of 44 econo …
UAE Eid Al Fitr 2024 could be 9-day holiday in Dubai; expected dates explained
UAE residents enjoying Ramadan could be set for a nine-day Eid Al Fitr holiday at the end of the Holy month. Ramadan started on Monday, March 11 after the crescent moon was sighted in the country. All …
What to know about MGX, UAE’s latest AI investment firm
The launch of the AI-focused firm follows the UAE’s largest company appointing an AI bot to its board, as Abu Dhabi seeks to become a world player in artificial intelligence.
Archer to Install Electric Air Taxi Hubs in Dubai, Abu Dhabi
The manufacturer will work with Falcon Aviation to add vertiports to the two largest cities in the United Arab Emirates.
Tech War Crossfire: Middle Eastern Companies May Be Forced To Choose Between China And The U.S.
Abu Dhabi AI firm G24 was pressured into divesting its China investments to further its relationship with the U.S. As the Sino-U.S. tech war deepens, more tech firms may have to follow suit and choose …
The Successes of Omar Khan
Omar Khan (OK) is a businessman, crypto enthusiast and entrepreneur who originates from Pakistan and resides in Dubai, United Arab Emirates. Through entrepreneurship and harnessing the power of …