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Month: December 2024

Posted on 18/12/2024

Dubai-Riyadh route among world’s top 10 busiest in 2024, with 4.3 million seats

Dubai-Riyadh route has been ranked among the world’s top 10 busiest routes in 2024. According to the UK-based global travel data provider OAG, the Dubai-Riyadh route was the sixth busiest globally in …

Posted on 18/12/2024

Dubai: Gold prices rise slightly after losing Dh3 per gram on Tuesday

Gold prices rose in early trade in Dubai on Wednesday after losing Dh3 per gram on Tuesday.

Posted on 18/12/2024

Dubai real estate: New player Tranquil Infra Developers enters market with $50mn investment

As Tranquil Infra Developers sets its sights on future expansions, Blossom76’s launch signals a new era of boutique luxury living in Dubai’s thriving property market. Follow us on Brand View allows …

Posted on 18/12/2024

UAE weather: Rain in Abu Dhabi and Dubai as temperatures drop

Rain fell across parts of Abu Dhabi and Dubai on Wednesday morning as the country gears up for more unsettled conditions and a drop in temperatures during the winter season.Residents woke up to leaden …

Posted on 18/12/2024

Mastercard Economics Institute predicts 5% GDP growth for the UAE

Consumer spending to rise by 4.3%; Consumer price inflation to reach 2.3%; Migration leading to rise in remittances; Women in the workforce growing …

Posted on 18/12/2024

Space42 scores US$5.1b UAE govt contract that will also fund new satellites

UAE-based satellite operator Space42 announced on Tuesday it has signed a new AED18.7 billion (US$5.1 billion) contract with the UAE government to provide satellite services until 2043, which will …

Posted on 18/12/2024

UAE’s Falcon 3 challenges open-source leaders amid surging demand for small AI models

The UAE-backed institute has released Falcon 3 in four different sizes with the goal of democratizing access to advanced AI capabilities.

Posted on 18/12/2024

Four contractors sign long-term offshore framework deals with Middle East state giant

Agreement offered by Adnoc expected to last five years and includes delivery of dozens of offshore WHTs to be offered exclusively for bidding to the four players …

Posted on 18/12/2024

“We Got Funded!” UAE-Based Wafeq Raises a US$7.5 Million Series A Funding Round to Offer its Digitized Accounting Tools to MENA SMEs

Wafeq offers a cloud-based platform that automates manual processes, integrates directly with local banks, and stays updated with regional compliance requirements.

Posted on 18/12/2024

Dubai unveils its comprehensive 2025 retail calendar

DUBAI: Dubai Festivals and Retail Establishment (DFRE), part of the Dubai Department of Economy and Tourism (DET), unveiled its 2025 Retail Calendar on Tuesday, according to a press statement issued …

Posted on 18/12/2024

UAE, Saudi drive Middle East M&A to $36bln in 2024

Merger and acquisition (M&A) activity in the Middle East has nearly doubled this year, driven by significant deals in the UAE and Saudi Arabia. The region’s inbound and domestic M&A deals reached $36 …

Posted on 18/12/2024

Here’s how Utah earned its No. 1 ranking for innovation

A new report from the U.’s Kem C. Gardner Policy Institute uncovers the wide-ranging drivers of Utah’s high-performance innovation output.

Posted on 18/12/2024

Gulf’s Consumer Culture Lures Banks and Private Credit to Region

Governments in the Gulf have been fighting to bring investment onshore, as sovereign wealth funds invest vast sums of money abroad. It’s been an uphill battle, but global lenders are taking notice of …

Posted on 18/12/2024

The Future Of Fintech: Unlocking Innovation And Market Opportunities

Despite recent challenges to the sector, the promise of fintech remains alive for those willing to innovate strategically.

Posted on 18/12/2024

Nine Indians killed in bus crash in Sharjah’s Khor Fakkan area

India’s consulate in Dubai has pledged its support to the families of nine of its citizens killed in a bus crash in Sharjah’s Khor Fakkan area on Sunday night. Three compatriots who were among more …

Posted on 18/12/2024

UAE travellers face up to 20% price hike on flights, hotels for last-minute winter getaways

Mid-December to early January tend to be more expensive as schools close and many residents travel abroad for Christmas and New Year’s …

Posted on 18/12/2024

UAE residents whose kids benefitted from US birthright citizenship react as Trump vows to end scheme

Fatima Asaad, a Sudanese mother of two, feels a sense of relief knowing her children were granted American birthright citizenship before President-elect Do..

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