Dubai-based Kitopi, a technology startup which runs so-called cloud-kitchens, is set to raise more money from investors later this year as it plans to expand in Saudi Arabia and launch in Southeast …
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UAE catapults into a new era of innovation, conquest of space
The UAE became first Arab country and fifth in the world to reach the Mars after the Hope Probe successfully entered the Red Planet’s orbit on Tuesday. Dr Raja Al Gurg, President of the Dubai Business …
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NMC picks advisers to explore sale of core UAE, Oman business
NMC Health said on Wednesday it had hired Perella Weinberg Partners and Resonance Capital to advise on the potential sale of its healthcare business in the United Arab Emirates and Oman. Adds detail …
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UAE Hope Probe success will give fillip to economic progress
As the UAE’s first mission to Mars has reached the red planet and entered its orbit on Tuesday after a seven-month journey, top government officials and corporate executives hailed the success and …
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Most major Gulf markets gain in early trade; Abu Dhabi dips
Most major stock markets in the Gulf traded higher on Wednesday, extending gains from the previous day, with Saudi Arabia on track to extend gains for fifth consecutive session.
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UN rights expert urges UAE to free jailed activists
A United Nations expert said on Wednesday that three human rights defenders imprisoned in the United Arab Emirates are being mistreated in conditions that may amount to torture and called for their …
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Emaar Malls reports full-year revenue of Dh3.5b for 2020
Emaar Malls, the shopping malls and retail business that’s majority-owned by Emaar Properties, recorded a revenue of Dh3.508 billion in 2020, while overall net profit in 2020 amounted to Dh704 million …
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Retail occupancy in Dubai remains resilient despite pandemic: Emaar Malls
The retail sector in Dubai has withstood the shock of the coronavirus pandemic, with occupancy levels remaining resilient throughout the crisis last year, according to Emaar Malls, the retail arm of …
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China spacecraft enters Mars orbit, 2nd in 2 days after UAE
China says its Tianwen-1 spacecraft has entered orbit around Mars on a mission to land a rover and collect data on underground water and possible signs of ancient life …
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The UAE’s Hope probe has successfully arrived in orbit around Mars
If the Emirates Mars Mission succeeds, the UAE’s space program will become just the fifth in the world to reach the Red Planet Update 11:20 a.m. Eastern: The Hope probe is officially in orbit around …
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Video: Robots to deliver food, groceries in Dubai this year
Robots will soon start delivering groceries and food to Dubai homes, as a Turkish firm is set to launch its last-mile delivery bots in the UAE.Ali Kutay Yarali, founder and CEO of Delivers AI, a …
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Abu Dhabi Banks on Decades of Oil Use in Cosmo Exploration Award
Abu Dhabi awarded Japan’s Cosmo Energy Holdings Co. the right to explore for offshore oil and natural gas as the Middle Eastern emirate seeks to expand its output capacity.
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Saudi IPO market set for bumper year boosted by lockdown savings
Saudi Arabia’s stock market is set for another bumper year of stock market listings with several sizeable initial public offerings (IPO) in the pipeline as investors look to allocate a pile of cash …
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Cental Bank of UAE fines an exchange house Dh504,000
The exchange house was found with weak anti-money laundering compliance framework Abu Dhabi: The Central Bank of the UAE (CBUAE) recently imposed a financial sanction on an exchange house operating in …
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Goldman Bankers Join Saudi Media Group With Global Ambitions
Saudi Research & Marketing Group hired two bankers from Goldman Sachs Group Inc. in the Gulf as one of the Middle East’s biggest media companies shakes up its senior ranks and looks to bolster its …
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Covid UAE: Sharjah announces work from home for staff
Authorities in Sharjah have activated remote working for all government employees starting4. The Sharjah Department of Human Resources announced the decision because of increasing Covid-19 cases.
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Covid-19: Sharjah announces remote working for federal employees
The emirate of Sharjah will implement remote working for its federal government employees, as a precautionary measure against the spread of the coronavirus infection. The direction comes into play …
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