A 10-20 per cent drop in rents is healthy for the Dubai property market following a four-year rally, said a top developer. Rizwan Sajan, founder and chairman of Danube Properties, expects a correction …
UAE tech investors seek security in the face of uncertainty
Q1 seed investment down Opting for later-stage startups UAE VCs still bullish on fintech UAE tech investors reported a strong start to the year but many are increasingly seeking out more …
Abu Dhabi’s tourism sector targets $16bln to economy
Mohamed Khalifa Al Mubarak, Chairman of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), said that the department’s tourism sector aims to contribute AED62 billion ($16 billion) to …
UAE foreign trade reaches $1.4trln in 2024, up from $949bln in 2021
DUBAI:The United Arab Emirates recorded total foreign trade of AED5.23 trillion (US$1.424 trillion) in 2024, a 49 percent increase from AED3.5 trillion (US$949 billion) in 2021, according to the World …
‘Win for consumer rights’: UAE court rejects bank’s Dh1.3 million claim over missing guarantees
In a landmark decision that sets a powerful legal precedent, the Abu Dhabi Court of Cassation has dismissed a bank’s financial claim against a customer due to the absence of valid guarantees, …
Kraken lays off hundreds ahead of IPO, Coindesk reports
(Reuters) -Cryptocurrency exchange Kraken has laid off hundreds of employees in the past several months across all areas of its business to streamline its operations ahead of its planned IPO …
Cryptocurrency exchange Kraken cuts redundant roles amid traditional finance push
Kraken cutting back on redundant roles Cryptocurrency firm continues hiring in key areas April 17 (Reuters) – Kraken, one of the world’s largest cryptocurrency exchanges, is reorganizing its …
Kraken lays off hundreds to streamline business ahead of IPO, Coindesk reports
(Reuters) -Kraken, one of the world’s largest cryptocurrency exchanges, has laid off hundreds of employees in the past several months across all areas of its business to streamline its operations …
UAE doctor who went viral for brave stance during Covid returns after 20 years
An Emirati oncologist, who went viral in 2020 for deciding to stay in the US to treat Covid patients and not leave, has returned to his homeland after 20 years of living abroad.
UAE deputy PM arrives on two-day visit
ISLAMABAD: The United Arab Emirates Deputy Prime Minister and Foreign Minister Sheikh Abdullah bin Zayed al Nahyan arrived here on Sunday for a two-day official visit aimed at deepening economic and …
Lulu IPO: UAE retailer to list 25% shares on ADX
In June, UAE-based hospital operator NMC Healthcare also appointed Rothschild as a financial adviser to help explore strategic options for its shareholders, including an IPO. Markets across the …
Sharjah Cyber Security Centre, Fortinet Inc. forge strategic partnership
As part of its strategic efforts to strengthen the cybersecurity ecosystem in the emirate of Sharjah, Sharjah Cyber Security Centre, operating under Sharjah Digital Department (SDD), has signed a …
Usher Tells Abu Dhabi Fans He Can’t Feed Them Cherries, Seemingly Due to UAE’s Decency Laws
Usher left fans in Abu Dhabi disappointed when he announced he wouldn’t be feeding anyone cherries, likely due to the country’s strict public decency laws. During his performance at Club Social in …
UAE International Nuclear Medicine Conference recommends expanding use of modern technologies in cancer treatment
Participants in the fifth annual UAE International Conference in cooperation with the Arab Society for Nuclear Medicine, which concluded on Sunday at the Mohammed Bin Rashid University of Medicine and …
Crumbl Is Dropping A Dubai Chocolate Cookie—Here’s What We Know
The three recently tested flavors include a Cinnamon Roll Cheesecake (think cinnamon roll with a cheesecake-style twist), Hula Pie (a coconut mousse layered over cookies and cream), and Caramel Apple …
I stayed at the world’s first urban fitness resort (and ate too much)
A “world-first” from Kerzner Group, which owns the luxurious One&Only brand as well as Atlantis, SIRO One Za’abeel is geared towards (but not exclusive to) business travellers, and its entry into the …
Abu Dhabi Court rejects lawsuit for lack of evidence to substantiate the debt
The Abu Dhabi Family, Civil and Administrative Cases Court dismissed a lawsuit filed by a man against another in which he demanded him to return …