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Month: September 2024

Posted on 13/09/2024

Magellan Capital discusses the launch of a $700 million multi-strategy hedge fund in Dubai

Britney Lam, head of long-short equities at the Dubai-based Magellan Capital Holdings, discusses the launch of a $700 million multi-strategy hedge fund set to be one of the largest debuts in the …

Posted on 13/09/2024

UAE banking sector reports 10.6% growth in capital, reserves, investments

Total capital and reserves of banks operating in the UAE reached AED495.2 billion at the end of June 2024, new data by CBUAE said …

Posted on 13/09/2024

Blackstone mulls selling stake in Dubai-based visa firm VFS Global

The asset management firm bought a majority stake in VFS Global from EQT in October 2021, with EQT retaining a minority position …

Posted on 13/09/2024

Xpence and Paymob sign strategic partnership at inaugural 24 Fintech event in Riyadh

Xpence partners with Paymob to enhance digital payment solutions for SMEs across the GCC, boosting operational efficiency and payment flexibility …

Posted on 13/09/2024

Anantara The Palm Dubai Resort welcomes Laurence Desirée Klett as Cluster Director of Marketing and Communications

Laurence will lead the marketing and communications teams across both Anantara The Palm Dubai Resort and Anantara World Islands Dubai Resort …

Posted on 13/09/2024

Director General of Sharjah Museums on shaping the cultural landscape of Sharjah

Aisha Rashid Deemas, Director General of Sharjah Museums Authority, shares her transformative journey and forward-thinking vision for Sharjah’s museums – blending heritage with innovation. My journey …

Posted on 13/09/2024

Faked video targeting France and UAE likely Russian despite Moscow’s links to Gulf Arab states

A fake video that ricocheted across the internet claiming tensions between France and the United Arab Emirates after Telegram CEO Pavel Durov’s arrest likely came from Russia.

Posted on 13/09/2024

DEWA launches its annual Peak-Load campaign

Dubai Electricity and Water Authority, DEWA, has launched the ‘Change Begins With Us’ campaign as part of its annual Peak Load campaign to reduce electricity and water use dur …

Posted on 13/09/2024

I flew a little-known, all-business-class airline that flies long-haul to the Maldives. See inside its narrowbody Airbus jets.

All of Beond’s seats turn into lie-flat beds, but not everyone gets direct aisle access and there are no privacy screens.

Posted on 13/09/2024

Exclusive: UAE to ask Trump to fulfil F-35 deal if he’s re-elected, sources say

The United Arab Emirates would seek to revive a multi-billion dollar deal with the U.S. for F-35 warplanes and armed drones if Donald Trump wins a second term as president in November, several people …

Posted on 13/09/2024

D-Wave announces first-ever Qubits UAE 2024

Quantum computing event in Dubai to showcase “success powered by quantum” through business optimization use cases and progress in quantum-fueled AI technology …

Posted on 13/09/2024

D-Wave announces first-ever Qubits UAE 2024

Quantum computing event in Dubai to showcase “success powered by quantum” through business optimization use cases and progress in quantum-fueled AI technology …

Posted on 13/09/2024

Dubai: DMCC launches AI Centre to drive global AI solutions

The AI Centre will occupy two floors and integrate DMCC’s other tech-focused platforms, including the DMCC Crypto and Gaming Centres …

Posted on 13/09/2024

Sharjah launches phase 3 of wheat seed distribution to farmers

This distribution initiative aims to strengthen the emirate’s food security strategy and achieve self-sufficiency in wheat cultivation …

Posted on 13/09/2024

Sharjah Real Estate links e-services with Municipal Council of Kalba, Al Dhaid cities

As part of the digital transformation strategy in Sharjah, the electronic services will allow inquiries about real estate data, with the aim of facilitating procedures for real estate clients in both …

Posted on 13/09/2024

UAE bank close to acquiring $5b stake in Indian bank

A leading UAE-based bank is in talks to acquire a stake in an Indian bank, with an investment expected to be in the billions of dollars, according to the U..

Posted on 13/09/2024

Moody’s ratings upgrades United Arab Bank’s deposit ratings to Baa3, outlook remains positive

The upgrade of UAB’s deposit ratings to investment grade (Baa3) reflects the bank’s improved asset quality and profitability metrics …

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