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Month: May 2024

Posted on 01/05/2024

Chirp Network Joins peaq to Build Unified DePIN Connectivity

Chirp’s integration with peaq aims to simplify data exchange and provide connectivity, enhancing DePINs through telecommunications solutions.

Posted on 01/05/2024

Dubai launches global blueprint for AI development

The hub will attract innovators, startups and AI leaders from around the world and support of development of their ideas into successful enterprises or real-world applications …

Posted on 01/05/2024

Dubai seizes fake items worth Dh5.43 million in just 3 months

Millions of counterfeit items worth more than Dh5.43 million were seized in Dubai in the first quarter of the year, customs authorities said on Tuesday.

Posted on 01/05/2024

Nomadic unveils next-gen business travel solutions at Arabian Travel Market 2024

Dubai, UAE – Celebrating a year of transformative presence in the Middle East, Nomadic, the award-winning business traveller offering by Fragomen, is thrilled to announce its debut at the Arabian …

Posted on 01/05/2024

Multiple firms move global head offices to Dubai in 18 months

Numerous companies and family businesses have moved their global offices to Dubai over the past one-and-half years as the emirate has been a major beneficiary of new trends in the post-Covid period, a …

Posted on 01/05/2024

Sharjah announces distance learning and remote working

The local Emergency, Crisis and Disaster Management Team in Sharjah decided to activate the distance learning system across all schools and higher educa …

Posted on 01/05/2024

UAE: Sharjah announces distance learning, remote work

The local Emergency, Crisis and Disaster Management Team in Sharjah decided to activate the distance learning system across all schools and higher education institutions in the emirate due to the …

Posted on 01/05/2024

Sharjah announces remote work for government employees due to inclement weather conditions

The National Emergency Crisis and Disaster Management Authority on Monday announced its preparedness for the unstable weather conditions …

Posted on 01/05/2024

Abu Dhabi Emergency, Crises and Disaster Management Team holds meeting to assess readiness of local entities to respond to adverse weather conditions

The Abu Dhabi Emergency, Crisis and Disaster Management Team has held a meeting chaired by Staff Major General Pilot Faris Khalaf Al Mazrouei, Commander-in-Chief of Abu Dhabi Police and Chairman of …

Posted on 01/05/2024

Supermarket chain Spinneys’ $375m IPO draws orders worth $19bn

Spinneys 1961 priced its IPO at the top of the previously announced range, selling its shares at Dhs1.53 per share to raise $375m (Dhs1.38bn).

Posted on 01/05/2024

Spinneys’ $375 Million Dubai IPO Draws Orders Worth $19 Billion

High-end supermarket chain Spinneys received about 71 billion dirhams ($19.3 billion) in orders for its $375 million Dubai initial public offering, underscoring strong appetite for a rare private …

Posted on 01/05/2024

Dubai Spinneys sets IPO offer price at top of range as it sees record levels of demand

Dubai supermarket chain operator Spinneys, said the final offer price for its IPO at 1.53 dirhams ($0.42) per share, at the top end of the previously announced offer price range, potentially raising …

Posted on 01/05/2024

Spinneys 1961 Holding plc successfully completes IPO bookbuild

The completion of the Offering and Admission is currently expected to take place on Thursday 9 May 2024, under the ticker symbol “SPINNEYS” and ISIN “AEE01377S248”, subject to market conditions and …

Posted on 01/05/2024

UAE’s largest bank hits Dh4.2 billion net profit in Q1; revenue reaches Dh8 billion

First Abu Dhabi Bank (FAB), the UAE’s largest bank, reported a net profit of Dh4.2 billion for the first quarter of 2024, up 6 per cent …

Posted on 01/05/2024

J.P. Morgan Private Bank releases inaugural report on global family offices

Survey data reveals top objectives, investment preferences and management trends for ultra-high-net-worth families …

Posted on 01/05/2024

Binance crypto founder Zhao sentenced to four months in prison

Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating U.S. laws against money laundering at the world’s largest …

Posted on 01/05/2024

Book the summer staycation of dreams at Anantara World Islands Dubai

Sponsored: Feel like you’re miles away from Dubai with an idyllic summer staycation at Anantara World Islands… Fancy an island getaway? Discover the epitome of luxury just offshore in the UAE this …

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