The Central Bank of the UAE’s June statistical bulletin, issued today, showed that the Central Bank accounted for AED769.7 billion of the sector’s net international reserves at the end of June …
Adrian Newey’s Wife Defends Him Amid Allegations of Disrespecting Hamilton Over 2021 Abu Dhabi
Adrian Newey’s wife defends him against accusations of disrespect towards Lewis Hamilton over the 2021 Abu Dhabi Grand Prix controversy.
Rede Partners Set to Open Dubai Office to Tap Mideast Investors
Advisory firm Rede Partners LLP plans to open an office in Dubai in early 2025, joining the rush of hedge funds and asset managers setting up in the Middle Eastern business hub.
GLOBALink | Chinese-built solar power project provides UAE with renewable energy
The 4th phase of the Mohammed bin Rashid Al Maktoum Solar Park near Dubai the United Arab Emirates started commercial operation in February It expe …
Fourteen to a room: Dubai’s crackdown on illegal sub-letting
A Dubai clampdown on rogue landlords illegally sub-letting has highlighted the stark dangers of overcrowded apartment buildings. The Dubai Land Department, the government regulator of the property …
Dubai real estate: Property market soars with 17.8% increase in transactions in H1 2024
Svetlana Vasilieva, Head of Secondary Sales at Metropolitan Homes said: “ Dubai’s real estate market has shown remarkable strength and growth in the first half of 2024. The record-breaking sales …
Amea Power to build 1 GW of solar, 900 MWh of storage in Egypt
Dubai-based developer Amea Power has agreed to build a 1 GW solar plant with a 600 MWh battery energy storage system (BESS) and an additional 300 MWh BESS. This follows the signing of two power …
Sharjah announces free public parking on Sunday on Prophet’s birthday
This decision excludes public parking spaces subject to fees throughout the week and on official holidays that can be identified by the blue signboard.
UAE: Now, get 25% off fines to settle public appearance violations in Abu Dhabi
Violators of maintaining public appearance in Abu Dhabi will now be able to settle their fines by paying 75 per cent of the amount, on the condition that the violation is corrected. A new resolution …
Magellan Capital discusses the launch of a $700 million multi-strategy hedge fund in Dubai
Britney Lam, head of long-short equities at the Dubai-based Magellan Capital Holdings, discusses the launch of a $700 million multi-strategy hedge fund set to be one of the largest debuts in the …
UAE banking sector reports 10.6% growth in capital, reserves, investments
Total capital and reserves of banks operating in the UAE reached AED495.2 billion at the end of June 2024, new data by CBUAE said …
Blackstone mulls selling stake in Dubai-based visa firm VFS Global
The asset management firm bought a majority stake in VFS Global from EQT in October 2021, with EQT retaining a minority position …
Xpence and Paymob sign strategic partnership at inaugural 24 Fintech event in Riyadh
Xpence partners with Paymob to enhance digital payment solutions for SMEs across the GCC, boosting operational efficiency and payment flexibility …
Anantara The Palm Dubai Resort welcomes Laurence Desirée Klett as Cluster Director of Marketing and Communications
Laurence will lead the marketing and communications teams across both Anantara The Palm Dubai Resort and Anantara World Islands Dubai Resort …
Director General of Sharjah Museums on shaping the cultural landscape of Sharjah
Aisha Rashid Deemas, Director General of Sharjah Museums Authority, shares her transformative journey and forward-thinking vision for Sharjah’s museums – blending heritage with innovation. My journey …
Faked video targeting France and UAE likely Russian despite Moscow’s links to Gulf Arab states
A fake video that ricocheted across the internet claiming tensions between France and the United Arab Emirates after Telegram CEO Pavel Durov’s arrest likely came from Russia.
DEWA launches its annual Peak-Load campaign
Dubai Electricity and Water Authority, DEWA, has launched the ‘Change Begins With Us’ campaign as part of its annual Peak Load campaign to reduce electricity and water use dur …