The Abu Dhabi Investment Authority will invest $752m in Jio Platforms, joining a roster of marquee investors backing billionaire Mukesh Ambani’s dream of creating an Indian tech titan. Adia, the Gulf …
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UAE stocks rise as Opec and allies extend oil production cuts to end of July
The UAE shares jumped on the first trading day on Sunday, led by blue-chip stocks in property and banking sectors. Dubai Financial Market and Abu Dhabi Securities Exchange closed 4.6 per cent and 2.37 …
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NRIs to drive demand for residential property in India
As per one estimate, NRI investments in India are likely to hit an all-time high of $13.1 billion in FY 2021. There is no denying the fact that the outbreak of Covid-19 has had a deep impact on the …
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LinkedIn launches new offering for UAE members
LinkedIn has announced the launch of a new offering for members in the UAE that enables them to share news and daily professional moments …
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India’s Reliance Jio Platforms to sell $750 million stake to Abu Dhabi Investment Authority
Mukesh Ambani has courted the seventh major investor for his telecommunications business in just as many weeks. On Sunday, Reliance Jio Platforms said it will sell a stake of 1.16% for $750 million to …
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India’s Reliance says Abu Dhabi Investment Authority invests $752 million in digital unit
Indian oil-to-telecoms conglomerate Reliance Industries said on Sunday that the Abu Dhabi Investment Authority (ADIA) will buy 1.16% of its digital unit Jio Platforms for 56.83 billion rupees ($752 …
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Food News: Black Tap launches in Dubai Mall with Burj Khalifa views
As Dubai’s malls return to full capacity, Black Tap, the cult New York burger and shakes brand, has opened its newest venue at the Dubai Mall, offering great burgers with views of the Burj Khalifa.
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Recycled water in UAE is free of Covid-19 coronavirus: New research
The UAE’s treated sewage water is free of the Covid-19 coronavirus and can be used safely for irrigation and municipal distribution, a new research has shown. A team of experts from the Khalifa …
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Nutanix signs Alpha Data as Master partner in the UAE
(NASDAQ: NTNX), a leader in enterprise cloud computing, announced that it has signed Alpha Data, a leading solutions provider in the Middle East, as a M …
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COVID-19: Dubai’s major football academies back in business
Some of Dubai’s top football academies, including Manchester City, Barcelona and Juventus, have reopened their doors for training after weeks of closure due to COVID-19 pandemic. Few others like Real …
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Dubai Customs handles remote working efficiently
Dubai Customs is reaping its investment made over the years in advanced technologies following the directives of Ahmed Mahboob Musabih, Director General of Dubai Customs and as part of the government …
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Apple to reopen its three UAE retail stores from Monday
Apple is set to reopen its three retail stores in the UAE from Monday, with temperature checks and limited occupancy, as authorities began to relax lockdowns amid the Covid-19 pandemic. Apple has two …
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Dubai’s top football academies back in business
Manchester City, Barcelona and Juventus academies return to training following weeks of closure due to COVID-19, while Real Madrid, Arsenal, Liverpool …
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Eat out: 5 brand new Dubai restaurants to try right now
Some newly opened restaurants haven’t even gotten the chance to shine since the coronavirus restrictions fell into place. If you’re a major foodie truly looking forward to getting back out there, this …
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Dubai Leads Gulf Stocks Higher After OPEC Extends Output Cuts
Dubai shares climbed the most in the Gulf on after OPEC+ agreed to a one-month extension of its record output cuts, underpinning the recovery in oil prices.
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Shrinking interest margins hurt UAE bank profits
The report said that the top 10 UAE banks reported a combined 6.3 per cent quarter-on-quarter drop in interest income, largely due to the low interest rate environment. The net profit declined by 22.4 …
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A new branch of Black Tap opens at The Dubai Mall with a dedicated freakshake counter
Now there’s a trendy new branch in The Dubai Mall, complete with a “boombox booth”, “cassette wall” and dedicated freakshake counter for customers looking to take their photo-wort …
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