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Posted on 12/03/2024

Dubai’s $429 Million Parking IPO Sells Out Within Minutes

(Bloomberg) — The Dubai government’s latest initial public offering sold out as soon as books opened, with investors rushing to snap up shares in the city’s public-parking business.

Posted on 12/03/2024

The UAE’s second largest political trial is underway. No one is sure who is being tried

There are no names. There is no detail. There is nothing.” In early December, all eyes were on the UAE, which was hosting the Cop28 climate talks. As tens of thousands of delegates converged in …

Posted on 12/03/2024

Abu Dhabi’s $892 Billion Wealth Fund Boosts Private Credit Bets

Abu Dhabi’s $892 billion sovereign wealth fund is upping its commitment to a real estate private credit fund, the latest sign that deep-pocketed Middle Eastern investors are looking to play a pivotal …

Posted on 12/03/2024

Cheyne Capital wins investment from Abu Dhabi’s ADIA for real estate debt fund

Cheyne Capital has secured investment from a subsidiary of Abu Dhabi’s biggest sovereign wealth fund for its European real estate debt fund, according to a joint statement on Tuesday, as appetite from …

Posted on 12/03/2024

Dubai: Golden Visa demand prompts investors to raise budget, developers to increase unit sizes

Demand for properties valued at Dh2 million has massively increased in the wake of Dubai dropping the requirement of a minimum down payment of Dh1 million ..

Posted on 12/03/2024

India, Pakistan and Egypt lead Dubai business growth as overseas investors set up in UAE

Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, said: “During the past year, Dubai has consistently attracted foreign direct investment from many different nations and sectors, …

Posted on 12/03/2024

Dubai’s Department of Economy and Tourism honoures members of its Al Safeer Congress Ambassador Programme

Dubai’s Department of Economy and Tourism (DET) has honoured members of its Al Safeer Congress Ambassador Programme for capturing and creating high-profile conferences and congresses for the city in …

Posted on 12/03/2024

Repercussions of recent weather conditions effectively contained thanks to joining forces: Sharjah Police

Additionally, immediate social assistance and support were provided to shelter 202 people, ensuring temporary housing stability.

Posted on 12/03/2024

Sharjah Government Agencies Ramadan Sports opens Wednesday

Sharjah Government Agencies Ramadan Sports Championship will begin on Wednesday. The championship organised by the club from 13 to 24 March, aims at encouraging employees of government agencies in …

Posted on 12/03/2024

Dubai to Abu Dhabi ‘flying taxi’ commutes in just 30 minutes to take off next year

Archer Aviation and Falcon Aviation team up for Dubai to Abu Dhabi flying commutes in just 30 minutes next year …

Posted on 12/03/2024

Fatima bint Mubarak Centre marks one year of transformative cancer care in UAE

Inaugurated in March last year by H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, the state-of-the-art centre provides access to sophisticated, world-class personalised …

Posted on 12/03/2024

Factors daily Influence gold prices in UAE

Gold prices in the UAE exhibit daily variations, influenced by trading prices that are subject to both minor fluctuations and significant changes on …

Posted on 12/03/2024

Tech Mahindra to power Mobily’s loyalty programs with generative AI driven automation capabilities

Pune – Tech Mahindra, a leading provider of digital transformation, consulting, and business re-engineering services and solutions, signed a strategic partnership with Etihad Etisalat (Mobily), a …

Posted on 12/03/2024

Tech Mahindra to Power Mobily’s Loyalty Programmes

Tech Mahindra, a leading provider of digital transformation solutions, has signed a partnership with Etihad Etisalat (Mobily) to deliver best-in-class loyalty programmes for individual and business …

Posted on 12/03/2024

Mitgo Group acquired UAE finance platform “Embedded” to enter the financial services market

The new business direction will be led by Oleg Chanchikov, CEO and founder of Embedded, which is going to be acquired by Mitgo. Oleg has more than 20 years of experience in the IT and financial …

Posted on 12/03/2024

Dubai to impose new 20% tax on foreign banks

Foreign banks operating Dubai will be now subject to a 20% tax on their annual taxable income, according to a new law issued in his capacity as the Ruler of Dubai by Sheikh Mohammed bin Rashid Al …

Posted on 12/03/2024

At Cop29 bridges must be built between the diverging north and south to keep 1.5C in reach

Re-establishing trust between developed and developing nations is essential if our goals are to be achieved, says Cop29 president Mukhtar Babayev …

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