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Posted on 23/05/2024

Inside Dubai’s $18 billion-owning ruler Sheikh Al Maktoum’s luxurious home

Zabeel Palace is owned by Dubai’s ruler sheikh having net worth of $18 billion. — Curly Tales/File Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum has the net worth between $14 billion and $18 …

Posted on 23/05/2024

Sharjah Ruler reviews Ministry of Education’s plans

H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, accompanied by H.H. Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah, reviewed on …

Posted on 23/05/2024

Sharjah International Conference on Linguistic Intelligence announced by AUS, Emirates Scholar

The Emirate of Sharjah is set to host the Sharjah International Conference for Linguistic Intelligence, held from 17th to 19th October, 2024. Organised by American University of Sharjah (AUS) and the …

Posted on 23/05/2024

UAE economy grew 4.3% in fourth quarter of 2023

The United Arab Emirates’ (UAE) economy grew 4.3% year-on-year in the fourth quarter of 2023, preliminary government data showed, with non-oil economic growth vastly outperforming overall GDP.

Posted on 23/05/2024

The rise of crypto: UAE named fifth most crypto-friendly country

UAE ranks fifth for crypto adoption, with 30.4% of the population holding crypto and a high search volume of 1,415.2 per 100,000 …

Posted on 23/05/2024

Abu Dhabi’s Adnoc Sells $935 Million Shares in Drilling Unit

The United Arab Emirates’ main oil company sold $935 million worth of shares in a secondary offering of its drilling unit in a rare such deal for the region.

Posted on 23/05/2024

Abu Dhabi’s Shorooq Eyes $100 Million Fund with South Korean Backing

Abu Dhabi-based technology investor Shorooq Partners reached the initial close of its second private credit fund with backing from regional and Korean investors, underscoring the growing ties between …

Posted on 23/05/2024

Saadiyat Cultural District Abu Dhabi on Track for Completion in 2025

Abu Dhabi (DCT Abu Dhabi) has reaffirmed that Saadiyat Cultural District, along with its cultural institutions, is on track for completion in 2025, Emirates News Agency (WAM) reported. Saadiyat …

Posted on 23/05/2024

When is Eid al Adha 2024 in Abu Dhabi? Predicted Eid dates for UAE

Eid al Adha 2024 is expected to officially fall in mid-June – meaning the UAE’s next major public holiday is not far away. So far this year, we’ve celebrated New Year’s Day on January 1, while Eid al …

Posted on 23/05/2024

Exclusive: Microsoft’s UAE deal could transfer key U.S. chips and AI technology abroad

Microsoft President Brad Smith said the tech company’s high profile deal with the United Arab Emirates-backed AI firm G42 could eventually involve the transfer of sophisticated chips and tools – a …

Posted on 23/05/2024

UAE flights: Airfares set to go up this summer; here’s why

Demand for travel increases substantially during summer, when a lot of expatriate residents in the UAE fly back to their home countries as well as travel to cooler destinations in Europe. This results …

Posted on 23/05/2024

Abdullah bin Zayed attends official mourning ceremony of late Iranian President; conveys UAE President’s condolences

H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, led the UAE delegation that participated in the official mourning ceremony held today in Tehran to pay tribute to late Iranian …

Posted on 23/05/2024

India’s BluSmart is testing its ride-hailing service in Dubai

BluSmart, India’s ride-hailing startup, has started operating in Dubai — a move to counter the likes of Careem, Uber and Hala.

Posted on 23/05/2024

Abu Dhabi’s Saadiyat Cultural District On Track For Completion In 2025

The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), on Wednesday, reaffirmed that Saadiyat Cultural District, along with its cultural institutions, was on track for completion in 2025.

Posted on 23/05/2024

UAE Seeks To Boost Non-Oil Exports To Dh800b By 2031: Al Marri

The UAE targets to increase its non-oil exports to Dh800 billion and boost the value of non-oil foreign trade to Dh4.0 trillion by the next decade, …

Posted on 23/05/2024

CVC and Abu Dhabi mount £5bn bid for Hargreaves Lansdown

Hargreaves Lansdown has rejected a £4.6bn bid from a consortium led by Abu Dhabi’s wealth fund and the private equity giant CVC Capital.

Posted on 23/05/2024

Abu Dhabi launches £5bn takeover raid on Hargreaves Lansdown

Hargreaves Lansdown has rejected a shock £4.6bn takeover raid from a consortium led by Abu Dhabi’s wealth fund and the private equity giant CVC Capital.The fund supermarket, which has nearly 2 million …

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