CYVN Holdings LLC, an investment firm backed by Abu Dhabi, has signed a preliminary deal to take a stake in British luxury carmaker McLaren and take full control of its automotive business.
Abu Dhabi’s CYVN Holdings Enters Non-Binding Deal to Buy McLaren’s Automotive Business
DUBAI (Reuters) – Abu Dhabi-based investment vehicle CYVN Holdings has entered a non-binding agreement to buy 100% of carmaker McLaren’s automotive business from Mumtalakat, the sovereign wealth fund …
Lulu Retail Holdings Plans Record $1.4 Billion IPO in UAE
Lulu Retail Holdings aims to raise up to $1.43 billion in the UAE’s largest IPO this year, offering 25% of its shares. Listing expected on November 14.
21.7 million passengers recorded in Jan-Sep 2024: Abu Dhabi Airports
Abu Dhabi Airports today announced exceptional year-to-date (YTD) passenger traffic growth, welcoming 21.7 million passengers across its airports as of 30th September, 2024.
Inaugural Abu Dhabi Business Week To Run In December 2024
The UAE capital of Abu Dhabi is set to host the inaugural Abu Dhabi Business Week (ADBW) from December 4 to 6, 2024, at the Abu Dhabi National Exhibition Centre (ADNEC), under the patronage of HH …
3 footballers sentenced to one month in prison, fined Dhs200,000 each over assaulting a public employee in Abu Dhabi
The players were convicted of assaulting public employees while performing their duties and of inciting public disorder and riots in front of fans during the football match between Zamalek and …
Sharjah’s extra paid parking hours at 7-day zones a ‘relief’ for some residents; here’s why
Sharjah’s move to extend paid parking hours at seven-day zones may mean higher fees— but for many of the emirate’s residents, it comes as a relief. For the..
Crown Prince of Abu Dhabi arrives at Singapore Parliament House
Upon arrival, His Highness was welcomed by Lawrence Wong, Prime Minister of Singapore. An official reception ceremony was held, during which Lawrence Wong escorted Sheikh Khaled Bin Mohamed Bin Zayed …
Essential Guide For Indian Entrepreneurs: Setting Up A Business in Dubai
The dynamic business environment of Dubai requires continuous introspection and adaptation. Given the vibrant and ever-evolving nature of the region, businesses must also navigate the challenges and …
UAE corporate tax: How to account for fixed and depreciating assets
Think of corporate tax as a carefully choreographed dance, similar to the traditional Scottish ceilidhs. Sometimes there are regional variations or particular industry or location options, but often …
Sharjah: SEDD achieves 16% growth, completes 17,981 licenses in 3Q-24
Commercial licenses came first with a total of 9,991 licenses, followed by professional licenses with 4,818 ones, and then industrial licenses with 747 ones …
Acquisitive eyes turn to next Middle East offshore shipping takeover after Greeks muscle in
Merger and acquisition activity jumped back into the spotlight last week, with the revelation that MAG Offshore, the buyer of Middle East specialist Atlantic Navigation for $183m, is backed by …
HBAR Adoption Expands as Dubai Launches Digital Will Solution on Hedera
The Dubai International Financial Centre (DIFC) has integrated Hedera technology to create a new Digital Asset Will inheritance solution.
Man in Abu Dhabi falls victim to fake investment advert, loses Dhs16,700
It was said that the plaintiff had observed an advertisement published by the defendant on the Telegram platform, which encouraged investment.
Dubai real estate volumes projected to climb 20-30% and prices up 10-15% in 2025
W hile downtown properties in cities like New York or Mumbai can reach $2,500 to $3,000 per square foot, prime properties in Dubai are available for around $1,000 per square foot.
IROS 2024 concludes in Abu Dhabi, highlighting groundbreaking innovations in flexible endoscope robotics
The 2024 IEEE/RSJ International Conference on Intelligent Robots and Systems (IROS 2024) concluded on October 18 in Abu Dhabi, UAE, bringing together leading researchers from around the world to showcase cutting-edge advancements in robotics and intelligent systems.
Sharjah Announces New Paid Parking Hours Starting Nov 1
Sharjah has announced changes to its paid parking hours, effective November 1. Motorists will now need to pay for parking from 8 AM to midnight, extending the previous hours of 8 AM to 10 PM. This …