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Posted on 17/06/2025

UAE Central Bank imposes Dh10 million fine on Sundus Exchange, cancels licence

The Central Bank of the UAE (CBUAE) has revoked the licence of Sundus Exchange operating in the UAE, struck its name off the licences register and imposed a financial sanction of Dh10 million, …

Posted on 17/06/2025

Sharjah Ruler appoints Secretary-General of SCHESR

His Highness Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, issued an Emiri Decree regarding the transfer, promotion, and appointment of a Secretary-General for …

Posted on 17/06/2025

Schonfeld Backs Abu Dhabi Hedge Fund Startup With $500 Million

Schonfeld Strategic Advisors is backing a new hedge fund in Abu Dhabi, allocating about $500 million to Omar Newera, a former Waha Capital portfolio manager, according to people familiar with the …

Posted on 17/06/2025

UAE coast guard evacuates 24 people from oil tanker crash east of Strait of Hormuz

The United Arab Emirates (UAE) said its coast guard evacuated 24 people from an oil tanker Tuesday after a collision between two ships just east of the world’s most critical oil chokepoint, the Strait …

Posted on 17/06/2025

Fire breaks out after tanker collision off UAE coast near Hormuz

Fire breaks out after tanker collision off UAE coast near Hormuz. Find the latest news from the maritime industry on the PortNews website.

Posted on 17/06/2025

Dubai looks to launch world’s first water-backed digital token

Dubai Multi Commodities Centre says ‘this will revolutionise how water is traded, valued, and managed globally’ …

Posted on 17/06/2025

RUCKUS Networks announces next-generation AI and Wi-Fi 7 solutions for every tier within the hospitality industry

RUCKUS Networks announces next-generation AI and Wi-Fi 7 solutions for every tier within the hospitality industry …

Posted on 17/06/2025

Dubai wellness brand ‘Elegant Hoopoe’ sets stage for global expansion with AI-driven franchise model

In a move that underscores the UAE’s rising influence in health-tech innovation, Dubai-born wellness brand Elegant Hoopoe is preparing for international expansion, introducing a new model for how …

Posted on 17/06/2025

GCC tops export destinations for Dubai Chamber of Commerce members with value of Dhs40.5 billion in Q1

Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that markets within the Gulf …

Posted on 17/06/2025

Dubai’s office market sets new records, with AED2.8bln worth of sales across 933 transactions – Cavendish Maxwell

Dubai – Dubai’s office real estate market has set new records for sales values and volumes, with investors spending AED2.8 billion across 933 transactions in Q1 2025, according to new insight from …

Posted on 17/06/2025

Dubai SME facilitates AED1.29 billion in contracts to SME members of Emirati Supplier Programme in 2024

The Emirati Supplier Programme, managed by the Mohammed Bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME), part of the Dubai Department of Economy and Tourism (DET), …

Posted on 17/06/2025

Dubai real estate: Shamal unveils 90-unit residential development at historic Dubai Zoo site

Residents will have access to amenities centred around courtyards including a club house, wellness area, children’s play area, family pool, lounge and gym …

Posted on 17/06/2025

UAE SaturnX stablecoin infrastructure provider raises $3 million

SaturnX, the infrastructure provider for stablecoin-based cross-border payments with headquarters in Dubai, UAE, has closed a $3 million seed round.

Posted on 17/06/2025

Community living in Sharjah: Inside Alef’s next-gen developments

Sharjah’s real estate appeal stems from its strategic location, offering proximity to Dubai while maintaining a unique cultural identity …

Posted on 17/06/2025

Sharjah school staff convicted in Indian boy’s death

Court has convicted two school staff members of negligence in the death of eight-year-old Indian student Rashid Habib, more than a year after he died following a fall at his school in Muwaileh …

Posted on 17/06/2025

Energy security is driving Abu Dhabi’s tilt at overlooked Santos

The pull of LNG is proving strong in the Middle East, driving the surprise takeover bid for an Australian producer that others have looked at and left.

Posted on 17/06/2025

UAE coast guard evacuates 24 people from oil tanker crash east of the critical Strait of Hormuz

The Emirati national guard says it has evacuated 24 people from an oil tanker after a collision between two ships just east of the world’s most critical oil chokepoint, the Strait of Hormuz.

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