Craig Ballentine, from Cookstown, County Tyrone, was arrested in Abu Dhabi airport in October because he posted critical comments about his former employer in Dubai. He said he has paid a fine and …
Saudi bourse gains ahead of US rate cut decision; Dubai falls on tax concerns
Saudi Arabian stock market ended higher on Tuesday, as investors looked ahead to the U.S. Federal Reserve’s upcoming interest rate decision, while the Dubai bourse retreated on tax concerns.
UAE stablecoin gets green light from Central Bank
UAE businesses could soon be able to accept AE Coin, the first regulated cryptocurrency in the Emirates. The AE Coin, which has just received regulatory approval from the Central Bank of the UAE, is …
Sharjah announces rules on conditional release of prisoners
Prisoners in Sharjah may be granted conditional release under a new decision issued by the emirate’s Executive Council. The decision, announced on Tuesday, states that an inmate may be released on …
Oga Obinna reacts to photos of Dem Wa FB enjoying life in Dubai with mzungu man: “Sikuji airport”
Oga Obinna shared photos of Dem Wa FB having fun in Dubai with a Mzungu man. She also responded to the post. Fans reacted as she celebrated her first trip abroad.
Talabat Falls in Dubai Debut After Biggest Gulf IPO for 2024
Talabat Holding Plc gave up early gains in the food delivery firm’s trading debut to turn negative after raising more than $2 billion in the largest initial public offering for the tech sector this …
Unusual Rolexes Are the Focus of a New Dubai Boutique
Ahmed Seddiqi & Sons spent months searching for discontinued models to offer through the watch brand’s certified pre-owned program.
Delivery Hero’s Talabat Shares Jump on Dubai Stock Market Debut
The stock traded around 1.70 U.A.E. dirham compared with its initial public offering price of 1.60 dirham announced on Nov. 29.
Saudi, Qatari bourses gain; UAE markets fall on tax concerns
Saudi Arabian and Qatari stock markets rose in early trading on Tuesday, as investors looked ahead to the U.S. Federal Reserve’s upcoming interest rate decision, while markets in the United Arab …
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’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,
Abu Dhabi fund backs social housing project in Africa
The Abu Dhabi Fund for Development (ADFD) will provide financing of AED183.5 million ($50 million) for a social housing programme in Abidjan, Côte d’Ivoire. The first phase of the scheme includes …
Alleged cocaine trafficker at center of international smuggling operation arrested in Dubai
An alleged drug trafficker wanted for his role in an international cocaine smuggling operation through the port of Antwerp, in Belgium, had been arrested in Dubai