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Month: January 2025

Posted on 08/01/2025

Dubai motorists experience annual average of 35 hours of traffic delay

But that puts them well outside of the top 100 most congested cities… The INRIX 2024 Global Traffic Scorecard uses congestion data across more than 900 global cities, to compare traffic delay times and estimate consequential economic cost.

Posted on 08/01/2025

Scaling Smart: How AI Solutions Help Dubai Startups Grow More Efficiently

Since AI took the world by storm, much of the discussion has focussed on how long it will be before it steals all our jobs. But for today’s savviest startups, the updates can’t come fast enough. AI is …

Posted on 08/01/2025

INTERSEC 2025: The French technology at the forefront of fire safety and risk prevention

The French Pavilion, organized by Business France, will feature five pioneering French companies showcasing their state-of-the-art solutions designed to enhance fire safety and strengthen risk prevent …

Posted on 08/01/2025

GCC countries: From tax havens to global business hubs

For years, the region has attracted multinational corporations with a ‘zero taxation’ regime, leading to the perception by businesses and governments globally that companies are moving to the region …

Posted on 08/01/2025

UAE billionaire Hussain Sajwani, Donald Trump announce $20bn investment in US data centres

Dubai real estate developer Damac Properties will invest $20 billion in data centres across the United States, President-elect Donald Trump announced on Tuesday.

Posted on 08/01/2025

Exclusive: Trump’s Dubai Billionaire Pal Discusses His Promise To Invest $20 Billion Into U.S.

The U.A.E. real estate tycoon and Trump pal has a history of audacious projects, but can he come up with the pledged $20 billion? He makes his case from Mar-a-Lago.

Posted on 08/01/2025

Dubai aircraft leasing firm DAE to acquire Nordic Aviation Capital

DAE said that the acquisition will be capitalised and funded by internal resources along with committed debt financing.

Posted on 08/01/2025

UAE’s ADNOC L&S signs hybrid capital facility worth $2bln to fund investments

Approximately $1 billion of the facility will be utilised to fund the acquisition of Navig8 TopCo Holdings Inc., the Singapore-based tanker management company, a deal the shipping and maritime …

Posted on 08/01/2025

Sharjah transfers 20% stake in Invest Bank to security fund

The emirate confirmed on Tuesday that it had transferred 47,490,248,165 shares, representing 20.48% of its stake in the Abu Dhabi-listed bank, to the Sharjah Social Security Fund (SSSF). The transfer …

Posted on 08/01/2025

UAE weather: Speed limits cut as Abu Dhabi blanketed by fog

A safety warning was sent out to motorists in Abu Dhabi on Wednesday morning as dense fog covered the emirate.Abu Dhabi Police urged drivers to be vigilant during the hazardous conditions, which led to speed limits being reduced to 80kph on a number of routes.

Posted on 08/01/2025

Mamma Mia in Abu Dhabi: Ticket prices, dates, location and more

Blockbuster musical Mamma Mia! is coming to Etihad Arena. After a successful 2021 run at Dubai Opera, the stage sensation will take over the Abu Dhabi venue from June 11 to 22, as the production celebrates 25 years since its debut in London’s West End.

Posted on 08/01/2025

Dubai: Rents could drop in some older buildings as smart rental index is launched

Rents could drop in some older Dubai buildings with fewer modern amenities following the introduction of the new smart rental index.Real estate industry executives suggest that newer buildings with …

Posted on 08/01/2025

A sneak peek at Dubai’s unmanned rescue boat that can help save lives on the water

A self-driving boat that patrols the waters and can help prevent people drowning on its own sounds like a concept from a science fiction film. However, it will soon become a reality in Dubai, say …

Posted on 08/01/2025

Trump’s Dubai Billionaire Ally Vows $20 Billion for Data Centers

President-elect Donald Trump announced an investment of at least $20 billion from Hussain Sajwani, the head of Damac Group, to build new data centers in the US.

Posted on 08/01/2025

Yuval Tal: The Financial Guru Behind Payoneer

Yuval Tal is known for founding Payoneer, a company that has revolutionized global online payment solutions for small businesses and freelancers.

Posted on 08/01/2025

The 30th Dubai Shopping Festival: Everything you need to know

Fireworks will also be a daily occurrence at Dubai Festival City Mall at 9.15pm, and you’ll also be able to see displays at Hatta on a Friday and Saturday. Speaking of Hatta, from Friday December 6 …

Posted on 08/01/2025

Aldar Properties Targets USD Hybrid Notes for First Time

Dubai Aldar Properties, a prominent real estate developer based in the UAE, is set to enter the international bond market with its debut offering of hybrid notes, aiming to raise significant capital …

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