Lucid slashes prices amid EV price wars

Lucid cuts prices of electric sedans for limited time amid EV price wars

The automaker slashed the price of its Air Touring model to $87,500 and the more powerful Grand Touring by $10,000 to $115,600

Sinopec, QatarEnergy sign 27-year LNG supply deal

Sinopec signs new 27-year LNG supply deal with QatarEnergy

The deal, signed at the China International Import Expo in Shanghai, is the third long-term supply deal between the two entities

saudi-india-meet cricket

Saudi Arabia looking to invest billions in Indian Premier League: Report

Talks were held when Saudi Arabia’s crown prince visited India in September for the G20 Summit

Illumio Zero Trust Approach

Illumio’s Trevor Dearing explains the critical need for a Zero Trust Approach in times of AI

As the MENA region faces a rise in cybercrime, Illumio explains how a ‘Zero Trust’ approach can help protect enterprises at scale

DFSA fines FFA Private Bank $370,000 over system failures

DFSA hits FFA Private Bank with $370,000 fine over system failures

The financial watchdog said the fine follows and is connected to the prohibition that was imposed on the lender in May 2021

Marriott launches its first co-branded credit card in Qatar (Image: Supplied by Marriott International)

Marriott launches its first co-branded credit card in Qatar

Cardholders can earn Marriott Bonvoy points on local and international spends as well as on their stays at more than 8,000 hotels around the world

Alpha Dhabi CEO - Hamad Al Ameri

Alpha Dhabi posts double digit growth for Q3 results

Alpha Dhabi said its diversified portfolio has been a major driver behind the growth in revenue

UAE ISRAEL BAHRAIN ABRAHAM ACCORDS Image courtesy: Getty Images

Abraham Accords: Bahrain suspends ties with Israel

Bahrain’s government confirmed that its ambassador to Israel had been asked to return

UAE holiday list 2024

5 essential facts about UAE Flag Day revealed: Symbolism, history, and celebrations

First celebrated in 2013, Flag Day is observed annually on November 3

Sheikh Hamdan launches ‘Dubai Program for Gaming 2033’

Sheikh Hamdan launches ‘Dubai Program for Gaming 2033’

The initiative is aimed at significantly increasing the gaming sector’s contribution to the growth of Dubai’s digital economy

Middle East alternative asset manager Investcorp sets IPO price range for vehicle

Middle East alternative asset manager Investcorp sets IPO price range for vehicle

The vehicle plans to offer 643 million ordinary shares and wants to list on the Abu Dhabi Securities Exchange

UAE corporate tax

UAE: FTA notifies of new tax criteria for non-residents

The FTA’s new guidelines offer clarity for non-resident persons, who derive income in the UAE, or those who conduct business or part of their business in the UAE

KING CHARLES as Prince of Wales at Glasgow Cop26

King Charles to attend COP28 opening ceremony, give opening address at World Climate Summit

King Charles was invited to attend the summit by the UAE’s president, Sheikh Mohammed bin Zayed Al Nahyan

Flynas acquires four new Airbus A320neo aircraft (Image: Supplied by flynas)

Flynas acquires four new Airbus A320 neo aircraft

It now has 60 aircraft, with the A320 neo variant making up 70 per cent its overall fleet

Synology

Interview: Synology’s Michael Chang on impact of AI on security, storage solutions

As the use of AI raises a range of enterprise demands for data storage and management, Synology offers an insight into its portfolio of offerings for new market needs

DIEZ unveils Dhs500m venture fund to finance tech startups

DIEZ launches Dhs500m venture fund to finance tech startups

The fund will play a pivotal role in supporting startups, starting from the pre-seed stage, and extending to the Series B investment stage

UAE-Jordan sign MoUs Image WAM

UAE, Jordan ink MoUs to expand investment cooperation in key sectors

The UAE’s Ministry of Investment has identified potential investments worth over $2bn for the projects in this partnership

Saudi Arabia’s stc Group 9.9% Telefonica stake

stc Group sticks to plan for 9.9% Telefonica stake, sources say

The telecoms operator amassed a EUR2.1bn ($2.23bn) stake, consisting of 4.9 per cent of Telefonica’s shares and financial instruments in September

Most GCC central banks hold interest rates unchanged

UAE, Qatar central banks hold interest rates, tracking US Fed move

GCC central banks normally change their interest rates in lockstep with the US Fed as Gulf states’ currencies are pegged to the dollar

AD Ports Group Cruise Season 23-2024 image supplied

Abu Dhabi welcomes first cruise liner, as 2023-24 cruise season begins

The upcoming cruise season promises significant growth with Abu Dhabi Cruise Terminal slated for 126 calls, starting from November 1.

Haven By Aldar sells out two phases

Aldar sells out first two phases of Haven, its first residential development in Dubai

The final phase of Haven, which includes further villas, townhouses, and apartments, will launch for sale to buyers of all nationalities in early 2024

UAE President welcomes King of Jordan Image WAM

UAE President Sheikh Mohamed receives Jordan’s King Abdullah

King Abdullah II bin Al-Hussein of Jordan is in the UAE on a state visit

Etihad shifts operations to Terminal A in Abu Dhabi (Image: Supplied by Etihad)

Etihad shifts operations to Terminal A in Abu Dhabi

Abu Dhabi International which houses the new terminal will be renamed to Zayed International airport from February 9

TECOM Group announces Q3 2023 results Image Tecom

TECOM Group announces Q3 ’23 results, reports 34% rise in net profit

The group’s Q3 earnings before interest, taxes, depreciation and amortisation rose by 13 per cent YoY to Dhs410m

Abu Dhabi International Airport to be renamed Image Abu Dhabi AIrports WAM

Abu Dhabi International Airport to be renamed as Zayed International Airport

The airport’s new name will come into effect from February 9, 2024

George Chapman Image: Supplied

Remembering George Chapman: A leader, pioneer and friend of Dubai

Under Chapman’s leadership, Port Rashid transformed into a symbol of Dubai’s growing status as a trade and shipping hub

UAE fuel prices in November 2023 decrease.Image-courtesy-Peter-Cade_Getty-Image-e1682863992162

UAE announces fuel prices for November 2023

The UAE fuel price committee on Tuesday shared that Super 98 petrol will cost Dhs3.03 a litre; a reduction in the cost of Dhs3.44 a litre in October

Flydubai touches down in Poznan (Image: Supplied by flydubai)

Flydubai adds Cairo and Poznan to network

It now operates a daily service to Cairo’s Sphinx International and thrice-weekly flights to Poznan

dr jaber on fossil fuels, renewable energy transition at pre-cop28 summit

UAE: Dr Sultan Al Jaber urges pre-COP28 summit to align on fossil fuel, renewables language

The COP28 summit is seen as a crucial opportunity for governments to accelerate action to limit global warming

Six Senses to open property in AlUla (Image: Supplied by Six Senses)

Six Senses AlUla to open by 2027 in Saudi Arabia

The property will feature 100 guest villas and 25 residences