The past few months have seen the Dubai government sell stakes in two of its entities – Dubai Taxi Company (DTC) …
UAE: Mohammed bin Rashid receives Ramadan well-wishers
Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, today received Ramadan well-wishers on the occasion of the Holy Month, at the Al Shindagha …
Monroe to Open Abu Dhabi Office, Hires For Middle East Push
Private credit lender Monroe Capital is finalizing plans to establish an office in Abu Dhabi in an effort to expand into the Middle East, according to a person familiar with the matter. The company …
Nasdaq stock falls as Borse Dubai set to sell shares in secondary offering
Shares of Nasdaq fell more than 2% in extended trading on Tuesday following the announcement of a secondary share offering that will allow Borse Dubai to slash its minority stake in the U.S. stock …
Join Dubai’s Greatest Night Run, The Super Sports Night Run!
Looking to get some extra exercise in this Ramadan? Join the Super Sports Night Run Series this Ramadan, run on the historic Meydan Royal Bridge and take in the sights and sounds of Dubai at …
UAE road accidents: 1 in 3 motorists use mobile phones while driving
The danger of distracted driving is evident in the UAE, with one out of every three motorists using mobile phones while driving. This distraction could lead to road accidents and even death …
Top Spots for a Persian Feast for Nowruz in Dubai
Nowruz is a holiday that marks the Persian New Year with the beginning of spring and it is based on the Iranian Solar Hijri Calendar, on the spring equinox. Here are some spots in Dubai where you can …
Fintech mobility startup secures $100m funding
Now based in its new headquarters in the UAE, an emerging nexus for entrepreneurship and innovative startups, the evolving partnership between Moove and Mubadala stands as a prime example of how …
Mercedes’ Vision EQXX Concept Travels 1000 Km on One Charge in Dubai Once More
Mercedes revealed the Vision EQXX concept over two years ago, proudly emphasizing its remarkable range on multiple occasions since. The EQXX has achieved the impressive feat of traveling over 1,000 km …
Errant butcher shop shut for violation of food safety rules in Abu Dhabi
The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA … Details of the incident which took place at Dubai International Airport date back to January 2022, when a customs inspector at the …
Borse Dubai Plans to Sell $1.6 Billion of Its Stake in Nasdaq
Provided Borse Dubai continues to own at least 10% of Nasdaq’s outstanding … shareholder in Nasdaq and are invested in the success of the company.” Investor’s Business Daily …
Abu Dhabi real estate boom: transactions hit $23.7bn last year as sales activity grows 160%
Abu Dhabi real estate transactions reached a record AED87.1bn ($23.7bn) last year, according to the Abu Dhabi Real Estate Centre (ADREC). The dedicated affiliate of the Department of Municipalities …
Borse Dubai to sell 27M Nasdaq shares in secondary offering
Borse Dubai, a minority shareholder of Nasdaq (NASDAQ:NDAQ), is commencing a secondary offering of 26,956,522 shares of Nasdaq’s common stock, the companies said Tuesday. Nasdaq (NDAQ) is not offering …
Nasdaq and Borse Dubai Announce Launch of Secondary Offering of Nasdaq Common Stock
Nasdaq, Inc. (Nasdaq: NDAQ or Nasdaq) and Borse Dubai Limited (Borse Dubai) today announced the commencement of a secondary offering by Borse Dubai of 26,956,522 shares of Nasdaq’s common stock. Borse …
One of UAE’s largest banks curtails cooperation with Russians under US pressure – WSJ
Due to the US sanctions pressure, Dubai’s main state-owned bank Emirates NBD has closed some accounts of Russian oligarchs and Russian oil traders. Source: The Wall Street Journal Details: It is noted …
Russia’s Backdoor to the Global Banking System Is Slamming Shut
A major lender in Dubai has scaled back Russia-related business, while Turkish lenders have become more cautious.
Uber Leads $100M Series B Funding Round For Moove, A Nigerian-Founded Mobility Fintech Startup
A Lagos, Nigeria-founded mobility fintech has secured a historic investment. TechCrunch reports that Moove has announced a $100 million Series B funding round led by Uber — marking the rideshare …