Anadolu via Getty ImagesCryptocurrency aficionados flying into Dubai this week were looking forward to a few days in the desert sunshine enjoying a series of high-profile crypto events and some …
Exclusive-Abu Dhabi Islamic Bank in talks to buy $1.1 billion stake in Indonesian lender, sources say
SINGAPORE/JAKARTA :Abu Dhabi’s largest Islamic bank is in talks to buy a minority stake valued at around $1.1 billion in Indonesia’s top Islamic lender, Bank Syariah Indonesia, two sources told Reuters, with an aim to tap into a fast-growing market in …
Zayed International Airport in Abu Dhabi remains fully operational despite bad weather
Abu Dhabi: Despite recent adverse weather conditions, Zayed International Airport remains fully operational, airport authorities said in a statement. “Abu Dhabi Airports is closely collaborating with airlines and service staff to continue smoothly serving passengers,” said an airport spokesperson.
Extreme rain brings extensive flooding, kills at least 18 in UAE, Oman
Intense rain in the Middle East Sunday and Monday caused extensive flooding in the United Arab Emirates and Oman, where at least 18 people have been killed.
Heavy rains lash UAE, surrounding nations as death toll in Oman flooding rises to 18
The rains began overnight, leaving massive ponds on streets as whipping winds disrupted flights at Dubai International Airport, the world’s busiest for international travel and the home of the long-haul carrier Emirates.
Record Rainfall in Dubai? Blame Climate Change, Not Cloud Seeding
A 1-in-100-year rainfall event for the region – meaning weather with a 1% chance of happening every year – would produce about 2.4 inches in a day. So what happened this week was more than double that intensity.
Flood chaos at Dubai airport as passengers swamp terminals and operator warns ‘Don’t come’
Flooding is causing chaos at Dubai International Airport as the UAE has been hit by the heaviest rainfall in 75 years. Arrivals at the airport were paused on Tuesday night (16 April) as flood water swamped taxiways as aircraft landed.
Floods Dubai: Scottish flights delayed indefinitely as Emirates struggles to cope with flooding from heaviest rains in history amid ‘cloud seeding’
By the end of Tuesday, more than 142mm of rain had soaked Dubai over 24 hours. An average year sees 94.7mm of rain at Dubai International Airport. At the airport, standing water lapped on taxiways as aircraft landed and passengers struggled to reach terminals through the floodwater covering surrounding roads.
Dubai’s record-shattering “rain bomb” has clear climate change ties
In fact, increased hydrological extremes, in both the form of drought and heavy rains, are one of the most robust ties to human-caused climate change, which is reshaping global weather patterns. Context: Dubai was the host of the 2023 U.N. Climate Summit, where countries agreed to “transition away from” fossil fuel-based economies.
‘Absolute carnage’ – Dubai airport and roads flooded as heaviest rain ever recorded in desert nation of UAE
Heavy thunderstorms lashed the United Arab Emirates on Tuesday, dumping the heaviest rain ever recorded in the country in the span of hours as it flooded out portions of major highways and Dubai’s …
Hedge Fund ‘Pod Shop’ Strategy Imitated by Pensions, Endowments
Pensions and endowments are borrowing from the playbook of giant multimanager hedge funds — and giving it a go themselves. Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens …
Dubai roads, airport reel from floods after record rains
Dubai’s giant highways were clogged by flooding and its major airport was in chaos as the Middle East financial centre remained gridlocked on Wednesday, a day after the heaviest rains on …
Dubai real estate: Emirates REIT’s property income jumps 10% to record $74mn
Occupancy rates across Emirates REIT’s diversified portfolio of commercial, retail, and educational properties in Dubai rose 1.7 percentage points to 86 percent in 2023. Passing rental rates increased …
Chef’s Menu is the new Dubai Food Festival experience to know about
Some of the city’s top chefs will be cooking up special menus for foodies across town… Dubai Food Festival is back from April 26 to May 12, and this year there’s a new addition: Chef’s Menu. Taking …
Fintech has a gender problem—here’s why you should care
Fintech (financial technology) is everywhere. It’s the catch-all term for technology-enabled financial services innovation. Even if you haven’t heard of fintech, you’re probably using it for …
Exclusive: Centrifuge raises $15 million in oversubscribed funding round
The Series A was oversubscribed by $5 million, according to co-founder Lucas Vogelsang. Other investors included Circle Ventures, IOSG Ventures, Arrington Capital, the Spartan Group, and Wintermute …
Flash News: OKX to List Merlin Chain’s MERL Token, Expanding Trading Options
OKX is pleased to announce that it will list Merlin Chain ‘s MERL token on its spot market on April 19 at 10 :00 AM (UTC). Deposits for the token were enabled today at 10:00 AM (UTC).