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Month: October 2024

Posted on 30/10/2024

Estonia eyes major UAE tech investment push as digital bilateral trade surges, economy minister says

“The UAE has shown significant interest in investing in Estonian technology companies,” Economy Minister Erkki Kelbo said in an interview with Arabian Business, as bilateral non-oil trade reached $176 …

Posted on 30/10/2024

Dubai real estate: LEOS International announces massive $7bn UAE investment, relocates HQ to Dubai

So far this year, LEOS International has already announced several UAE projects, including Weybridge Gardens 3, The Alps Edition in Dubailand. The development is the third project in LEOS …

Posted on 30/10/2024

Dubai: Gold prices jump to new record high ahead of Diwali; 22K crosses Dh311 per gram

Prices are peaking at a time when a large number of residents and visitors buy precious metal jewellery during Indian festivals …

Posted on 30/10/2024

UAE-headquartered Shorooq Partners aims to be Middle East’s Blackstone

Investment company Shorooq Partners has ambitions to become the Blackstone of the Middle East to fill a gap in the market for private investors that pushes economies forward.

Posted on 30/10/2024

Dubai Government approves record 2025-2027 budget

The Dubai Government forecasted expenditure for fiscal year 2025 alone at Dhs86.26bn, with revenues projected at Dhs97.66bn.

Posted on 30/10/2024

UAE says it’s ready to invest in financial center project in Ho Chi Minh City

The United Arab Emirates affirmed its willingness to share expertise with Vietnam in establishing a financial center in Ho Chi Minh City and to invest in this project, as part of a joint statement …

Posted on 30/10/2024

UAE’s ADNOC Drilling posts 30% rise in Q3 net profit

ADNOC Drilling Co., a subsidiary of Abu Dhabi’s state oil company ADNOC, reported a Q3 2024 net profit of $335 million, 30% higher year-on-year (YoY) driven by expansion in onshore and offshore fleets …

Posted on 30/10/2024

Satellite Images Suggest Israel Struck a Major Iranian Missile Plant

Analysts said the Shahroud Space Center was likely used to produce intermediate-range ballistic missiles that could be used to target Israel.

Posted on 30/10/2024

Central Bank digital currencies drive collaboration between banks and FinTech in the UAE

Konstantin Vladimirovich Tserazov, a financial expert and former Senior Vice President at Otkritie Bank, sees this move as a catalyst for unprecedented collaboration between banks and FinTech …

Posted on 30/10/2024

UAE: Mobile health station without doctors can diagnose symptoms, dispense medication

Imagine being able to walk into a clinic at any time of the day and have someone diagnose your symptoms and give you medication with zero face-to-face contact. That is the technology a UAE-based …

Posted on 30/10/2024

Psst: Taste of Abu Dhabi VIP tickets are here – but they’re selling fast

Alright, Abu Dhabi foodies, listen up – the countdown is officially on for Taste of Abu Dhabi. And if you’re looking to experience it in top-tier style, you’ll want to snatch those VIP tickets before …

Posted on 30/10/2024

UAE: Etihad cancels some flights to and from Kuwait for 4-day period

UAE’s local airline Etihad Airways cancelled some flights to Kuwait for a four-day period, the airline announced. Some flights between Abu Dhabi Zayed International Airport (AUH) and Kuwait (KWI) have …

Posted on 30/10/2024

UAE weather: Fair to partly cloudy day ahead; temperatures to dip to 15°C in some areas

The weather today is expected to be fair in general and partly cloudy at times, as per a forecast by the National Centre of Meteorology. Conditions are expected to get humid by night and Thursday …

Posted on 30/10/2024

UAE: Residents fined Dh500 for placing unauthorised car stickers

The fine will be for all the stickers on the car per day, which means the fine will be placed again on the second day if the driver or the vehicle owner refuses to remove it af …

Posted on 30/10/2024

‘She was 9 when I left’: UAE visa amnesty allows woman to go home to daughter after a decade

On September 1, the UAE announced a two-month long amnesty which gave hopes to thousands of people who have been living illegally in the country …

Posted on 30/10/2024

Moniepoint, Reportedly Africa’s Fastest-Growing Fintech Company, Raises $110M To Support Businesses

Tosin Eniolorunda and Felix Ike are reportedly behind Africa’s fastest-growing fintech company. According to a press release shared with AFROTECH™, the founders lead Moniepoint, which initially …

Posted on 30/10/2024

Alert: Israeli attack on Iran likely damaged Revolutionary Guard’s missile and space base, satellite photos analyzed by AP show

DUBAI, United Arab Emirates (AP) — Israeli attack on Iran likely damaged Revolutionary Guard’s missile and space base, satellite photos analyzed by AP show.

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