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Month: January 2025

Posted on 30/01/2025

Does Nice One’s IPO set a benchmark for beauty and e-commerce deals in the GCC?

Nadine Nassar, Counsel at the law firm Baker McKenzie, Saudi Arabia, which advised the online beauty retailer on its IPO, said its success was a strong indicator that the beauty, lifestyle and …

Posted on 30/01/2025

UAE Central Bank maintains interest rates unchanged at 4.40%

This decision was taken following the US Federal Reserve’s announcement today to keep the Interest Rate on Reserve Balances unchanged …

Posted on 30/01/2025

Abu Dhabi fund ‘must be forced to sell The Telegraph by Easter’

The architect of a ban on newspaper takeovers by foreign states has demanded that an Abu Dhabi fund be forced to sell The Telegraph by Easter …

Posted on 30/01/2025

UAE Pavilion to address food security through architecture at Venice Biennale 2025

Emirati architect Azza Aboualam will lead the UAE Pavilion exhibition at this year’s Venice Architectural Biennale. Called Pressure Cooker, the exhibition will be inspired by the country’s approach to …

Posted on 30/01/2025

Welsh company Finalrentals and UAE’s Autorent join forces to transform car rentals experience for millions in the region

Expanding into the UAE ‘pivotal moment’ that not only strengthens our global footprint but also allows us to bring seamless, tech-driven car rental experiences to a key international hub,” says Ammar …

Posted on 30/01/2025

UAE: DFM, ADX close higher on Wednesday

Meanwhile, the FTSE ADX General Index (FADGI) of the Abu Dhabi Securities Exchange (ADX) edged up 0.197% to end at 9,568.53 points …

Posted on 30/01/2025

UAE weather forecast: 4 days of rain expected

UAE weather forecasters are expecting probable rainfall in parts of the country this week and over the weekend. The National Centre of Meteorology (NCM) issued a weather forecast for the UAE up to …

Posted on 30/01/2025

UAE corporate tax: Why businesses should beware the Ides of March

I have discussed company secretarial duties in previous articles. Think of it as an individual who acts for a company in the same way a personal or executive assistant does for a ranking corporate …

Posted on 30/01/2025

Alpha Dhabi takes majority stake in ADX-listed hotel operator

The stake was acquired after selling assets from Alpha Dhabi Hospitality Holding and Murban Energy to Abu Dhabi-listed NCTH in exchange for shares. The transaction involves the tr …

Posted on 30/01/2025

Over 220,000 people relocated to Dubai in first half of 2024, fueling demand for residential units: Damac

The real estate market in Dubai is experiencing exceptional momentum, with strong demand continuing from both investors and end-users: Amira Sajwani …

Posted on 30/01/2025

Shares of Dubai’s Emirates NBD set for worst day in 5 years after flat quarterly earnings

Emirates NBD , Dubai’s biggest bank by assets, reported a flat fourth-quarter net profit, slightly missing estimates as investments to “drive future growth” offset higher income and lower impairment …

Posted on 30/01/2025

Dubai: City Centre Deira begins barrierless parking; Mall of the Emirates to follow in February

Barrierless parking has been activated at City Centre Deira and it will be introduced at the Mall of the Emirates early next month, Majid Al Futtaim confir..

Posted on 30/01/2025

Yoga, standing desks: How Abu Dhabi schools are boosting physical activities

Schools in Abu Dhabi are including more physical activity sessions in keeping with the Abu Dhabi Department of Education and Knowledge’s (ADEK) new guideli..

Posted on 30/01/2025

Dubai: Would you get your car washed by a ‘ghost’? Haunted cleaning service starts at Dh50

From mental hospital to Squid Games, Lamsat Alfakhama has plans to introduce new themes and offer participants the chance to win Dh1,000 …

Posted on 30/01/2025

University School student starts his own successful Dubai chocolate business

Michael Nersesov does everything you would think a 17-year-old does.  He plays the piano, loves tennis, hangs with his friends, and attends school.  But what you wouldn’t expect is that he’s also a …

Posted on 30/01/2025

UAE banking sector assets surge to Dh4.46 trillion

The UAE banking sector, the largest in the Middle East, recorded a big surge in assets in 2024, reaching Dh4.457 trillion at the end of November 2024, comp..

Posted on 30/01/2025

Sultan Al Qasimi attends centennial celebration of Sharjah Public Libraries

H.H. Sheikh Dr Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, attended this evening at at Sharjah Fort (Al Hisn) the centennial celebration of Sharjah Public Libraries.In …

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