Lulu’s IPO raised gross proceeds of AED 6.32 billion (c. $1.72 billion)[1] making it the largest offering in the UAE in 2024 to date. The offering saw aggregate demand of over AED 135 billion (c. $37 …
Ministry of Finance signs MoC with Ajman Free Zones to enhance tax information exchange services
Dubai: The Ministry of Finance (MoF) has signed a Memorandum of Cooperation (MoC) with Ajman Free Zones Authority (AFZA) to provide consultancy services for tax information exchange.
Lewis Hamilton will NOT drive for Ferrari during Abu Dhabi testing as Mercedes have ‘given no indication’ they will let the F1 legend out of their end-of-season promotional …
However, his sponsorship responsibilities to Mercedes mean that the chances of their 12-year relationship ending immediately after the final race of the season in Abu Dhabi on December 8 are low. All …
Abu Dhabi’s IHC to buy back shares worth Dh1.8bn
Abu Dhabi-based International Holding Company will repurchase shares worth Dh1.8 billion ($490 million) as part of its Dh5 billion share buyback programme announced earlier this year. The first …
Projected salary increases in the UAE signal optimistic outlook for 2025
Overall salaries in the UAE are projected to increase by 4 per cent across all industries in 2025 and that more than a quarter (28.2 per cent) of organizations are planning to increase headcount next …
The UAE’s first energy commodities trading academy announces fourth cohort
ADNOC’s world-class trading units are unlocking significant additional value from the company’s products, with UAE talent playing a crucial role …
UAE: Etihad records Dh1.4 billion net profit in 9 months of 2024
Following the announcement of the airline’s Joint Business Agreement with China Eastern in the second quarter, Etihad Cargo extended its partnership with SF Airlines to boost UAE-China trade by …
Yalidine Delivery is Revolutionizing E-Commerce Logistics in the UAE
In the fast-paced world of e-commerce, efficiency and reliability are paramount. Yalidine Delivery, a pioneering logistics company based in the UAE, is setting new standards in the industry with its …
UAE-led international operation result in arrest of 58 people, seizing 32 kg of gold in Congo Basin
Gulf Today, Staff Reporter Lt. General Sheikh Saif Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, revealed that the …
UAE marks Diwali with grand celebration in Dubai on November 16th
Organized by “Emirates Love India,” with support from the UAE Government Media Office and the participation of Dubai Police, the upcoming Diwali celebration showcases the harmony and diversity of …
Bilateral relations between India, UAE at new heights: Jaishankar
Dubai: The ties between India and the UAE have reached new heights, External Affairs Minister S. Jaishankar said on Thursday, highlighting collaborations in sectors such as fintech, …
‘India-UAE ties in era of new milestones’: Jaishankar on collaboration between India, UAE in fintech, infra, defence
The ties between India and the United Arab Emirates (UAE) have reached new heights, External Affairs Minister S Jaishankar said on Thursday, highlighting collaborations in sectors such as fintech, …
US startup TeaLeaf secures $6mn in funding with backing from UAE’s FasterCapital
TeaLeaf, a US-based startup is finalising a deal to raise $6 million with the support of UAE-based investment firm FasterCapital. The UAE firm said it enabled the startup to raise the fund after …
UAE hosts global cyber diplomacy training programme for women
The General Women’s Union (GWU), in collaboration with the International Telecommunication Union and the UAE Cybersecurity Council, on Wednesday wrapped up a two-day international training programme …
Dubai Future Forum 2024 to feature 70 sessions, diverse activations and city-wide events next week
Under the patronage of Hamdan bin Mohammed, the third edition is taking place on 19-20 November at the Museum of the Future …
Dubai Taxi Company expands fleet with 250 new plates, reaching around 1,000 new plates this year
All 250 of the new licenses will be allocated to electric vehicles, boosting annual revenue by approximately AED 85 million …
Abu Dhabi wealth fund Adia boosts private equity investments
Abu Dhabi Investment Authority has increased its private equity allocation and boosted its in-house portfolio management capabilities as the sovereign wealth funds continues to seek long-term …