Phoenix Group stock has soared 50% from the IPO price of 1.5 AED shortly after the trading debut on the Abu Dhabi Securities Exchange.
Continuing engagement with Israel is ‘very critical,’ UAE trade official says
Thani Al Zeyoudi, United Arab Emirates minister of state for foreign trade, discusses the country’s trade agenda.
COP28 president hits back at climate denial claims
The talks in Dubai, United Arab Emirates, are aiming to make progress on climate change. Mr Jaber made the initial remarks on 21 November in an online event with Mary Robinson, the chair of the Elders group and a former UN special envoy for climate change.
Yet-to-be-built Dubai penthouse sells for record $136 million
A five-bedroom penthouse has sold in Dubai for 500 million UAE dirhams — setting a new record for one of the world’s busiest luxury real estate markets.
Abu Dhabi Convention & Exhibition Bureau delegation attends ICCA Congress 2023 ahead of hosting the event next year
Abu Dhabi, UAE – The Abu Dhabi Convention & Exhibition Bureau (ADCEB), part of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), sent a delegation to the 62nd International Congress …
Crypto Firm Phoenix Jumps 50% After $371 Million Abu Dhabi IPO
Cryptocurrency mining hardware retailer Phoenix Group Plc soared as much as 50% on its Abu Dhabi debut after an initial public offering that raised 1.36 billion dirhams ($371 million). The shares …
DCT Abu Dhabi launches inaugural Emirati Hospitality Ambassadors Forum
The event saw the participation of DCT Abu Dhabi leadership and over 80 Emirati tourism professionals from across the sector, representing diverse roles such as tour guides, agents, marketers, and …
World’s First Commercial-Scale Waste-To-Hydrogen Plant In Sharjah
Sharjah-based Beeah have entered a joint development agreement (JDA) to develop the world’s first commercial-scale waste-to-hydrogen plant in the UA …
Billionaires Island Draws Super Rich to Secluded Dubai Enclave
During the early days of the pandemic, Dubai’s property market was in turmoil, with an abundance of unsold homes and scant prospects for a recovery in the oil-rich region. But for Akshay Naheta, that …
Climate change reporter defends world leaders flying to Dubai: ‘Can’t do a Zoom call with 190 countries’
Axios reporter Andrew Freedman defended world leaders using jets to fly to climate change conferences, claiming “you can’t do a Zoom call with 190 countries.” …
McLaren star casts definitive F1 vs IndyCar verdict after Abu Dhabi running
McLaren’s Pato O’Ward is particularly well-placed to offer a direct comparison between an IndyCar and an F1 car. 24-year-old Mexican driver O’Ward is a full-time IndyCar driver with McLaren’s team in the US series,
Barclay family regains ownership of The Telegraph after Lloyds loan repaid
The Barclay family has regained ownership of The Telegraph after paying £1.2bn in debts owed to Lloyds Banking Group. The high street lender said repayment had been made in full, meaning both The Telegraph and The Spectator magazine have been released from receivership.
Bill Gates’ nuclear reactor company signs a clean energy deal with the UAE, as nuclear power takes center stage at COP28
A nuclear reactor company cofounded by Bill Gates signed a deal with the United Arab Emirates to explore building advanced reactors in the Gulf country. On Monday, TerraPower and the UAE’s state-owned nuclear company Emirates Nuclear Energy Corporation (ENEC) signed a nonbinding memorandum of understanding to collaborate on developing new nuclear power plants that would combat climate change.
COP28 host UAE choking from its own ‘toxic’ air pollution: HRW
DUBAI: The United Arab Emirates is choking under “alarmingly high” air pollution levels fed by its fossil fuel industry, Human Rights Watch warned on Monday (Dec 4) as the oil-rich country hosts the UN’s COP28 climate talks in Dubai.
Wakeskater plunges off Dubai skyscraper pool in ‘world first’
Grubb started his journey on top of the sky bridge at a Dubai resort’s infinity pool. He began by wakeskating 94m (308ft) across the rooftop pool, before leaping over the pool‘s edge into a 77-story …
Sharjah loses to AlFaisaly, bids farewell to AFC Champions League
The Sharjah Club football team bid farewell to the AFC Champions League, after losing in the final round of the group stage to Al Faisaly of Jordan, 2-1, today, Monday, at Amman International Stadium.
A canvas for climate action through art at Dubai’s COP28 summit
Sculptures and paintings capture the stark realities of climate change’s impact on people and ecosystems, while simultaneously igniting a sense of optimism about the conference’s potential to deliver …