DUBAI (Reuters) -Abu Dhabi wealth fund ADQ and Sotheby’s majority owner Patrick Drahi will invest $1 billion in the auction house in a deal that will see ADQ acquire a minority stake in the company, …
Abu Dhabi Will Acquire a Minority Stake in Sotheby’s Auction House
ADQ, Abu Dhabi’s sovereign wealth fund, has signed a definitive agreement to acquire a minority interest in Sotheby’s, the auction house announced. Its owner, the telecom billionaire Patrick Drahi, …
‘More vacations, time with kids’: How 3-day weekend changed life for employees in Sharjah
Working in the Sharjah Government for four days has improved the quality of my work, and gave me more time to spend with my children. I have become more organised in taking vac …
UAE’s In-Country Value programme redirects $13bn to national economy in first half of 2024
The UAE Ministry of Industry and Advanced Technology’s national In-Country Value (ICV) programme, which seeks to support domestic industrial growth, redirected more than Dh48 billion ($13.1 billion) …
An exclusive Michelin star event is coming to Abu Dhabi for one weekend only
On September 6 and 7, the French dining temple, Bord Eau, will host an exclusive Four Hands Dinner featuring none other than Michelin-starred maestros Nicolas Isnard and Ludovic Turac. Yes, you read …
Ex-dividend, poor earnings weigh on Dubai; Abu Dhabi slightly higher
Dubai’s stock market closed flat on Friday for a second straight day, while rising oil prices and global recovery pushed Abu Dhabi’s benchmark index higher.
Dubai Customs completes radiation safety assessment of container scanning devices in record time
The aim was to ensure the health and safety of the department’s employees, particularly those working in customs inspection …
UAE temporarily suspends 32 gold refineries for AML/CTF lapses
The UAE ministry of finance said its inspections of the refineries uncovered 256 violations, eight for each refinery.
Dubai PCFC records robust financial performance, growth for 2023
Dubai Ports, Customs, and Free Zone Corporation (PCFC) has announced strong financial results for the fiscal year 2023, reporting total revenues of A …
‘Losing Dh1 million won’t compare to losing my first salary’: UAE multi-millionaire who started as blue-collar worker
He began his career at 17, handling heavy construction fabrication for cement and oil plants and later as a labourer on India’s thermal power plants …
Pinoy commercial photographer goes solo, becomes one of Dubai’s renowned lensmen
A Pinoy photographer who has done the rounds of shoots with high-end models has taken a leap of faith to open his own business and become one of Dubai’s renowned lensmen in the field.
Abu Dhabi’s Etihad Airways reports surge in first-half profit
Etihad Airways reported a 48% increase first-half profit on Thursday, helped by an increase in passenger and cargo revenue, ahead of possible stock market listing of the Abu Dhabi carrier.
Abu Dhabi police urge drivers to move broken-down cars to safety or face fines
Abu Dhabi Police have released footage of a serious road crash to remind motorists to park in a safe spot if their vehicles break down. The video captures a car slamming into a vehicle parked on the …
Disney On Ice Skates Its Way to Abu Dhabi’s Etihad Arena This October
The figure-skating performance will feature popular Disney characters from beloved features like ‘Moana’ and ‘Frozen’.
Dubai to Host UAE-Russia Investment Forum Next October
Dubai will host the UAE-Russia Investment Forum 2024 on the first of October. The one-day event will take place at the Millennium Dubai Hotel and will witness wide international and regional …
20 Summers, One Abu Dhabi: One Summer Isn’t Enough to Experience It All!
Abu Dhabi, UAE – 08 August 2024: The most unique summer vacation recently took place, with Experience Abu Dhabi inviting 20 people named ‘Summer’ from around the world for the trip of a lifetime in …
Dubai’s four-day working week could be a ‘win-win proposition’, employment experts say
Dubai’s new trial of a four-day working week for select government staff has the potential to boost productivity and encourage the private sector to follow suit, employment experts have told The …