In a recent development, Dubai introduced a new law designed to strengthen the accountability measures for employees within the Financial Audit Authority (FAA). Announced on Wednesday, Law No. (24) of …
UAE increases fuel prices for the month of November
The price of Super 98 rose to Dhs2.74 per litre for November, up from Dhs2.66 per litre in October, while the price of Special 95 rose to Dhs2.63 per litre for November, up from 2.54 per litre in …
UAE authority warns residents of company providing financial services without SCA licence
The Securities and Commodities Authority (SCA) of the UAE announced on Thursday that a company does not have any license from the …
Dubai’s Lamborghinis vs Singapore’s billionaires: This CEO’s viral thread reveals which city is right for you
An X user compared Singapore’s relaxed lifestyle and strong healthcare with Dubai’s luxury and business opportunities.
UAE firms to cease hiring overstayers as amnesty ends
New directives have been issued by the UAE government for companies to stop getting overstayers on board as the two-month amnesty program concludes on Oct. 31, 2024.
Sotheby’s Gets a $1 Billion Financial Lifeline in Deal With Abu Dhabi
Sotheby’s confirmed Wednesday it had closed a $1 billion investment deal with an Abu Dhabi sovereign wealth fund—giving the auction house a financial lifeline it needs to pay down some of its debt.
Abu Dhabi Has Officially Acquired a Minority Stake in Sotheby’s
Two months after Sotheby’s announced it would sell a minority stake in its business to ADQ, an Abu Dhabi sovereign wealth fund, the auction house has confirmed the deal has gone through.
UAE says overstayers will be penalised after amnesty ends on Thursday
Moreover, joint inspection campaigns with the relevant authorities will commence on Nov.1, targeting individuals who have overstayed their visas.
Crown Prince of Abu Dhabi visits AI Singapore
SINGAPORE, 30th October, 2024 (WAM) — H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has visited AI Singapore, a programme aimed at advancing and strengthening Singapore’s AI capabilities.
McLaren’s Next Big Investor? Abu Dhabi’s CYVN Holdings Eyes Major Stake in British Supercar Icon
In a potential game-changer for the luxury automotive industry, Abu Dhabi’s CYVN Holdings is eyeing a significant investment in McLaren Automotive. This bold move aligns with CYVN’s global strategy to …
Wizz Air Abu Dhabi announces 20% discount on all flights during winter schedule
Wizz Air Abu Dhabi is marking its expanded winter schedule with a 20 per cent discount on all flights. This flash promotion will be available to WIZZ Discount Club members on October 30 and open to …
VinFast in non-binding $1 billion funding deal with UAE investors, source says
HANOI (Reuters) -Vietnamese electric car maker VinFast has signed a non-binding deal with a consortium of Emirati investors to receive at least $1 billion in funding, a person with direct knowledge of …
Travel ban, asset freeze: Dubai amends law, penalties for financial misconduct by some employees
A new law announced in Dubai on Wednesday outlines the investigation of violations as well as disciplinary penalties for offending employees of the Financi..
Abu Dhabi’s CYVN Holdings to acquire McLaren’s automotive business
The deal will bring access to additional capital, advanced engineering expertise and technology, particularly in the field of electric vehicles …
Abu Dhabi’s CYVN Holdings enters non-binding deal to acquire McLaren’s automotive division
The potential partnership would also see the Abu Dhabi investment firm acquiring a non-controlling stake in McLaren Group …
UAE: Dry skin, body aches on the rise as weather cools down, temperatures drop
Some medics say that many don’t drink enough water when the weather is cooler, constricting blood vessels and reducing blood flow to the skin’s surface …
Emtelle opens $50mln global innovation centre in Abu Dhabi’s Kezad
The state-of-the-art 48,000 sq m facility marks a significant milestone in Emtelle’s expansion within the Mena region …