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 …
Trading commences on the Dubai Financial Market’s carbon credits pilot platform
Dubai: The much-awaited carbon credits trading pilot by Dubai Financial Market (DFM) will go live today, debuting at the COP28. Institutional investors will be able to buy and sell with starting today …
UAE Founding Father Sheikh Zayed COP28; Bitcoin breaks $40,000; Saudi tax warning – 5 trending stories to read today
On Saturday, Sunday and Monday, Arabian Business covered some of the most happening stories in the region, which included Bitcoin breaking $40,000 as it reaches 19-month high, UAE Founding Father …
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 …
The Fabulous Lives of Dubai-Millionaire Wives is becoming a trend with Instagram influencers
Instagram is a crazy realm of bizarre trends and one such trend has not only sparked controversies but has also made a city famous: Dubai. Dubai, the tax-free heaven for a lot of millionaires, is now …
BluWave-ai and Dubai Taxi Corporation Debut AI Optimization of EV Fleet
BluWave-ai EV Fleet Orchestrator shows 13% improvement in efficiency for COP28 Tesla taxi fleet connected via Smartcar’s vehicle APIOTTAWA, ON / …
Developing Dubai’s vision for the future
Having rebounded strongly after the Covid pandemic, Emirates SkyCargo is looking to continue its growth, as they look to support Dubai and the United Arab Emira …
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.” …
Dubai Real Estate Magnet for Indian Investors
The dynamics of the Dubais real estate market have been experiencing a shift in recent years, with Indian investors now overtaking British investors as the predominant group. This change can be …
COP28: Pacific leaders launch ‘Blue Prosperity’ initiative in Dubai
Pacific leaders have turned to philanthropic organisations to pay for ocean conservation as climate finance fails.