The first AED (UAE Dirham) stablecoin has been approved by the Central Bank of the UAE and is set to launch soon. In an X post, AE Coin noted that it will be the first local stablecoin to be accepted …
First Abu Dhabi Bank Joins Tokenization Firm Libre for Collateralized Lending
An MoU signed in the UAE by First Abu Dhabi Bank and Libre Capital kickstarts a pilot credit line for approved lenders to use RWA tokens as collateral.
Abu Dhabi’s CYVN Holdings to buy McLaren’s automotive business, stake in racing business
CYVN Holdings and Mumtalakat are committed to optimising McLaren’s portfolio to ensure sustainable long-term financial returns, positioning the company for continued success …
Talabat Rises in Dubai Debut After Gulf’s Biggest IPO for 2024
Talabat Holding Plc advanced in its Dubai trading debut after raising more than $2 billion in the largest initial public offering for the tech sector this year.
UAE real estate: Tranquil Infra Developers launches with investments over $50mn
Blossom76, the latest offering by Tranquil Infra, brings luxury apartments, family-friendly amenities, and strong rental yields to JVC. UAE real estate: Tranquil Infra Developers launches with …
Dubai real estate average rents surge 21% to $24,600 as apartments and off-plan properties dominate $8.3bn November sales
The Dubai real estate market showcased its resilience and adaptability in November 2024, with total sales transaction values reaching AED30.53bn ($8.3bn) across 12,543 transactions, according to …
Space42 teams up with ICEYE to manufacture SAR satellites in UAE
The venture seeks to address the growing demand for high-resolution imagery and data from SAR satellites, which can be applied across various use cases …
A special meteor shower will be visible from Dubai this week
The Geminids Meteor Shower is about to become visible in Dubai skies, and this celestial event is not one to miss.
DIFC announces decarbonation strategy, achieving Net Zero by 2045 at Future Sustainability Forum 2024
DIFC has announced its Decarbonisation Strategy, reinforcing its commitment to being a sustainability leader in the region DIFC is playing a key role in the UAE’s Net Zero 2050 Goals, aiming to reach …
Dubai Customs’ volunteering benefits 90,000 people
Dubai Customs has announced that 90,000 individuals benefited from its volunteer efforts in the first nine months of this year. The organisation …
General Atlantic Bets Bigger on Gulf With New Abu Dhabi Office
General Atlantic is making a deeper push into the Gulf with a new office in Abu Dhabi, joining a slew of Western firms expanding in the Middle East.
Sharjah Shopping Promotions begins with huge discounts
The Sharjah Chamber of Commerce and Industry (SCCI) launched yesterday, Sunday, Sharjah Shopping Promotions 2024, a flagship annual retail event on …
Dubai Securities and Exchange Higher Committee reviews successes as DFM market cap reaches $218bn amid international investor surge
These achievements underscore Dubai’s appeal as a premier market for public listings. Since the establishment of the Higher Committee, the DFM has hosted a total of 10 listings, raising more than …
UAE’s first stablecoin receives final CBUAE licence to launch
AE Coin has secured the final Central Bank of the UAE (CBUAE) licence to launch, marking a significant milestone in the evolution of digital finance. Developed under the CBUAE’s digital payment token …
Why Dubai is a promising frontier for Indian startups and entrepreneurs
Dubai emerges as a prime destination for Indian startups, offering business-friendly regulations, global market access, and innovation opportunities.
Planning to Visit Dubai? Indian Travelers Face Stricter Visa Requirements and Rising Rejection Rates
Indian travelers planning a visit to Dubai are facing huge challenges as an increasing number of visa applications are being rejected. The United Arab Emirates (UAE) has recently implemented stricter visa norms,
New solar tariffs to affect US companies
The United States’ preliminary decision to impose anti-dumping tariffs of up to 271 percent on solar products from four Southeast Asian countries could significantly raise procurement costs for US …