Parkin has announced that it has entered into a deal with the Dubai Endowments and Minors’ Trust Foundation (“AWQAF Dubai”), the Dubai endowment authority, for the development of a new multi-storey …
DIFC consolidates position as UAE’s top destination for Chinese financial institutions and multinational companies
Dubai International Financial Centre (DIFC) is one of the world’s most advanced financial centres, and the leading financial hub for the Middle East, Africa, and South Asia (MEASA), which comprises 77 …
UAE to Impose New Tax on Large Multinational Companies
The UAE will impose a fifteen percent tax on large multinational enterprises, which is part of the changes in its corporate tax law. Read More: Dubai Walk Master Plan To Transform City Mobility These …
Abu Dhabi Customs solidifies its global customs leadership through its Strategic Plan 2024-2028
The General Administration of Abu Dhabi Customs has unveiled its 2024–2028 Strategic Plan, designed to align with the vision of the Abu Dhabi Government and the UAE’s forward-looking strategies. The …
Talabat debuts on Dubai Financial Market in largest global tech IPO this year
talabat’s landmark initial public offering (“IPO” or the “Offering”), which raised gross proceeds of c. AED 7.5 billion (c.USD 2.0 billion) through the offering of 20% of the Company’s total issued …
UAE: More crypto millionaires fly on private jets as digital currency hit record highs
The ultra-rich has been flocking to the UAE over the past few years — with nearly 6,000 additional millionaires expected to be recorded every year in five years …
UAE-based automotive tech startup raises $750,000 in pre-seed funding
BuyAnyAutoPart, a UAE-based B2B used car part aggregator disrupting the region’s multi-billion-dollar used car part market, has secured $750,000 in pre-see..
Talabat plunges over 7.5% in Dubai trading debut after $2bn IPO
Talabat Holding’s shares opened at Dhs1.70, higher than the price at which Germany’s Delivery Hero sold 4.7 billion shares last month.
UAE stablecoin gets green light from Central Bank
UAE businesses could soon be able to accept AE Coin, the first regulated cryptocurrency in the Emirates. The AE Coin, which has just received regulatory approval from the Central Bank of the UAE, is …
Sharjah announces rules on conditional release of prisoners
Prisoners in Sharjah may be granted conditional release under a new decision issued by the emirate’s Executive Council. The decision, announced on Tuesday, states that an inmate may be released on …
Oga Obinna reacts to photos of Dem Wa FB enjoying life in Dubai with mzungu man: “Sikuji airport”
Oga Obinna shared photos of Dem Wa FB having fun in Dubai with a Mzungu man. She also responded to the post. Fans reacted as she celebrated her first trip abroad.
Talabat Falls in Dubai Debut After Biggest Gulf IPO for 2024
Talabat Holding Plc gave up early gains in the food delivery firm’s trading debut to turn negative after raising more than $2 billion in the largest initial public offering for the tech sector this …
Unusual Rolexes Are the Focus of a New Dubai Boutique
Ahmed Seddiqi & Sons spent months searching for discontinued models to offer through the watch brand’s certified pre-owned program.
Delivery Hero’s Talabat Shares Jump on Dubai Stock Market Debut
The stock traded around 1.70 U.A.E. dirham compared with its initial public offering price of 1.60 dirham announced on Nov. 29.
Award-Winning UAE Developer completes Super-Prime Mansion in Al Barari
Range Developments have just completed construction on R9 Mansion in Al Barari, to add to their impressive ultra-luxury, super-prime Dubai property portfolio …
Airbus delivers UAE’s latest telecom satellite to Florida launch site
Space42 says the new satellite will enable the company to introduce more than 15 new products once operational …
Airbus delivers Space42’s Thuraya 4 satellite to launch site
Abu Dhabi, UAE – Space42’s Thuraya 4 telecommunications satellite, built by Airbus, has reached its destination at the Kennedy Space Center, Florida, where it will be launched into orbit by SpaceX’s …