The government of Sharjah has made a strategic decision to transfer a 20% stake in Invest Bank to a sovereign security fund. This transaction signals a pivotal shift in the emirate’s banking sector, …
Sharjah Ruler honours winners of Al Qawafi Award 2024
His Highness Dr. Sheikh Sultan Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, honoured the winners of the Al Qawafi Award 2024 during …
Sharjah Shopping Promotions continues to offer entertainment
The Sharjah Shopping Promotions, launched on December 8, 2024, is attracting a significant number of visitors to its 43-day commercial extravaganza. Organised by the Sharjah Chamber of Commerce and …
Abu Dhabi’s FAB Sukuk Company prices sukuk in $5bln programme
Abu Dhabi’s FAB Sukuk Company has priced a five-year senior unsecured dollar sukuk to be listed on London Stock Exchange (LSE) as part of its $5 billion trust certificate issuance programme.
YouTuber Accused of Kidnapping 2 Women Before Announcing on TikTok He Was Heading to Dubai
Corey Pritchett Jr. allegedly kidnapped two women from a bowling center in Houston in November before relocating to Dubai
Dubai motorists experience annual average of 35 hours of traffic delay
But that puts them well outside of the top 100 most congested cities… The INRIX 2024 Global Traffic Scorecard uses congestion data across more than 900 global cities, to compare traffic delay times and estimate consequential economic cost.
GCC countries: From tax havens to global business hubs
For years, the region has attracted multinational corporations with a ‘zero taxation’ regime, leading to the perception by businesses and governments globally that companies are moving to the region …
UAE billionaire Hussain Sajwani, Donald Trump announce $20bn investment in US data centres
Dubai real estate developer Damac Properties will invest $20 billion in data centres across the United States, President-elect Donald Trump announced on Tuesday.
Exclusive: Trump’s Dubai Billionaire Pal Discusses His Promise To Invest $20 Billion Into U.S.
The U.A.E. real estate tycoon and Trump pal has a history of audacious projects, but can he come up with the pledged $20 billion? He makes his case from Mar-a-Lago.
Dubai aircraft leasing firm DAE to acquire Nordic Aviation Capital
DAE said that the acquisition will be capitalised and funded by internal resources along with committed debt financing.
Sharjah transfers 20% stake in Invest Bank to security fund
The emirate confirmed on Tuesday that it had transferred 47,490,248,165 shares, representing 20.48% of its stake in the Abu Dhabi-listed bank, to the Sharjah Social Security Fund (SSSF). The transfer …
UAE weather: Speed limits cut as Abu Dhabi blanketed by fog
A safety warning was sent out to motorists in Abu Dhabi on Wednesday morning as dense fog covered the emirate.Abu Dhabi Police urged drivers to be vigilant during the hazardous conditions, which led to speed limits being reduced to 80kph on a number of routes.
Mamma Mia in Abu Dhabi: Ticket prices, dates, location and more
Blockbuster musical Mamma Mia! is coming to Etihad Arena. After a successful 2021 run at Dubai Opera, the stage sensation will take over the Abu Dhabi venue from June 11 to 22, as the production celebrates 25 years since its debut in London’s West End.
Dubai: Rents could drop in some older buildings as smart rental index is launched
Rents could drop in some older Dubai buildings with fewer modern amenities following the introduction of the new smart rental index.Real estate industry executives suggest that newer buildings with …
Trump’s Dubai Billionaire Ally Vows $20 Billion for Data Centers
President-elect Donald Trump announced an investment of at least $20 billion from Hussain Sajwani, the head of Damac Group, to build new data centers in the US.
The 30th Dubai Shopping Festival: Everything you need to know
Fireworks will also be a daily occurrence at Dubai Festival City Mall at 9.15pm, and you’ll also be able to see displays at Hatta on a Friday and Saturday. Speaking of Hatta, from Friday December 6 …
Aldar Properties Targets USD Hybrid Notes for First Time
Dubai Aldar Properties, a prominent real estate developer based in the UAE, is set to enter the international bond market with its debut offering of hybrid notes, aiming to raise significant capital …