This budget aims to foster financial sustainability, uphold a decent standard of living, and promote social welfare for all residents …
UAE-based Allo.xyz secures $100 million Bitcoin-backed credit facility for its RWA platform
UAE-based Allo.xyz, a platform for real-world asset (RWA) tokenization and lending, has secured a $100 million Bitcoin-backed credit facility. The project was also recently accepted into Qatar’s …
37% of UAE retail investors plan to increase crypto in 2025: eToro survey
A survey commissioned by trading platform eToro showed that many retail investors based in the United Arab Emirates are planning to increase their crypto asset investments in 2025. eToro surveyed …
This is your last chance to enjoy Snow Abu Dhabi’s Winter Wonderland
There’s snow place better to celebrate Christmas… Abu Dhabi has officially been transformed into a winter wonderland all December at Snow Abu Dhabi, the capital’s own slice of the North Pole in Reem …
The Integrated Transport Centre (Abu Dhabi Mobility) launches the 2024 Transport Impact Studies Guidelines
Abu Dhabi Mobility is a new brand identity launched by the Integrated Transport Centre that is aligned with Abu Dhabi’s ambitious vision to rank among the most advanced cities in the world, and …
ADNOC Drilling expands UAE fleet with arrival of two new jack-up rigs
ADNOC Drilling said its two new jack-up rigs have arrived in the UAE, and will start operating by Q1. This takes the fleet size to 142 rigs, making the company among the largest rig fleet owners in …
UAE officially bans retailers from increasing prices of eggs, rice, oil and more
Good news for all UAE residents. Starting Thursday January 2, 2025, the UAE will impose a minimum six-month gap between consecutive price increases on essential consumer goods. This new policy, …
Masdar expands solar and wind portfolio in Europe
Abu Dhabi, UAE, and Madrid, Spain – Masdar, the UAE’s clean energy leader, has significantly expanded its portfolio in Europe, completing two landmark acquisitions in the Iberian Peninsula to advance …
Legacy technology unlikely to impede the quest for AI and ML gains in the Middle East and the world
In a study commissioned by Eaton, more than 120 decision makers in the UAE and KSA in the utility, data center, building and manufacturing segments were asked about the ways new technologies like AI …
Dubai’s Hodler in global AI data centre partnership
Dubai’s Hodler Investments has partnered with US technology company Vertical Data to launch “sustainable” artificial intelligence data centres in the UAE, the Gulf, Africa and Canada. The companies …
UAE Government unveils ‘Data Index’ to strengthen data governance
The index adheres to global best practices and standards in statistics and data management The UAE Government launched the ‘Data Index’, a benchmark developed to enhance government performance and …
Is the UAE Holding $40 Billion in Bitcoin? Here’s What It Could Mean for the Crypto Market
Speculation mounts over reports that the UAE holds $40 billion in Bitcoin, raising questions about its plans for the massive reserve.
Sharjah approves historic $11.43bn budget for 2025
Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, approved a $11.43 billion (AED 42 billion) general budget, the largest in the emirate’s history.
Abu Dhabi sovereign investor Mubadala acquires majority stakes in GMSC, Al Ittihad Drug Store
Mubadala Investment Company, Abu Dhabi’s state investor, has acquired an 80% stake in Global Medical Supply Chain (GMSC) and Al Ittihad Drug Store (IDS) from GlobalOne Healthcare Holding (GHH).
Abu Dhabi’s Miral sets sustainability strategy for its LET initiatives
The immersive destinations and experiences company aims to develop the most sustainable leisure, entertainment and tourism experiences in the region …
Abu Dhabi Judicial Department announces ‘Nabd’ system to boost judicial performance and efficiency
The Abu Dhabi Judicial Department (ADJD) has unveiled its new “Nabd” system, a platform designed to provide an integrated and detailed overview of the judicial system’s performance. The system aims to …
Dubai to close Sheikh Zayed Road, other key routes on New Year’s Eve; timings announced
Those heading to the Downtown area and other popular locations are urged to start their trips early or use public transport …