Porsche has agreed to sell its equity stakes in Bugatti Rimac and Rimac Group to a Abu Dhabi consortium led by HOF Capital. It marks a major ownership shift for the ultra-luxury hypercar maker and …
Pakistan repays $3.45 billion loan to UAE after receiving aid from Saudi
The UAE had asked for the immediate return of the funds in the wake of the recent situation in West Asia following the US-Israel war on Iran …
Pakistan clears $3.45b loan to UAE after final $1b payment: SBP
State Bank of Pakistan repaid deposit of US$ 1 billion to Abu Dhabi Fund for Development (ADFD) UAE on 23April2026. Deposits of $2.45 billion were repaid last week. This completes the repayment of …
Dubai authority partners with Volt for AI-ready data centre
Dubai Integrated Economic Zones Authority (DIEZ) is partnering with Dutch AI data centre developer Volt to develop an artificial intelligence (AI)-ready data centre in Dubai Silicon Oasis. The data …
Abu Dhabi court rejects bank’s nearly Dh950,000 loan case over regulatory breach
The court found that the bank had not secured any valid guarantees from either the borrower or the guarantor at the time the credit facility was granted …
Khaled bin Mohamed bin Zayed honours winners of Abu Dhabi Award for Excellence in Government Performance
Sheikh Khaled bin Mohamed bin Zayed honours 37 entities and 103 initiatives at the Abu Dhabi Award for Excellence in Government Performance, recognising innovation, collaboration and public-sector exc …
Dubai Chamber of Commerce and DIB organise open dialogue on the banks’ role in enabling business resilience
Dubai: Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, recently organised an interactive dialogue in collab …
From first jobs to family businesses: The journeys of Dubai’s textile traders
Dubai: In the narrow lanes of Bur Dubai’s historic Fahidi district, where wind towers rise above coral-stone buildings, bolts of fabric spill out of shopfronts …
Treasury Secretary Bessent predicts future of payment rails
U.S. Treasury Secretary Scott Bessent testifies about the 2027 budget request for his department.
After 70% surge, Dubai housing sees first price drop since the pandemic
A home price index compiled by ValuStrat fell 5.9% in March from a month earlier, with valuations seeing their first decline since 2020 …
Dubai home prices fall for first time since the pandemic boom: Report
Residential sales value in Dubai fell nearly 20 per cent to 37.2 billion dirhams ($10.1 billion) in March from February.
UAE Orders 50% of Government Operations to Run on Agentic AI by 2028
The UAE directs 50% of federal government operations to run on Agentic AI within two years, aiming for a global first.
UAE Absorbs 58% of Hormuz Diversions as Cargo Compression Intensifies in Week 7
Supply Chain Insights data shows the Gulf shipping network is no longer redistributing cargo across the Indian Ocean. It is compressing back into the UAE, with Jebel Ali import dwell hitting 46.9 days …
Sheikh Khaled bin Mohamed honours Abu Dhabi’s best-performing government departments
Annual awards ceremony celebrates crucial work of government organisations across the capital …
Volt sets up joint venture in Dubai to deliver 29MW data center
Dutch AI data center developer Volt has announced a 29MW project in Dubai. The company’s Middle East subsidiary, Volt UAE, is forming a joint venture with the Dubai Integrated Economic Zones Authority …
Sheikh Mohammed: UAE to run 50% of government on agentic AI
According to the announcement, all federal employees will undergo training to develop proficiency in AI, with the goal of building one of the world’s most capable AI-enabled government workforces …
Binance Offers 1000 UAE Staff Relocation Budget Due To Middle East War, TradeView Showcases ‘Live Stream Trading’
Binance relocates 1000 UAE staff while TradeView launches live stream trading. See why best crypto presales gain momentum now.