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Abu-Dhabi based Multiply Group invest in EIG GettyImages-1331237787

Abu Dhabi-based Multiply Group invests $100m in EIG’s Breakwater Energy

This investment comes under Multiply+, the group’s sector-agnostic arm

Uber Green fares dropped in Dubai Image credit Uber

Uber Green fares reduced in Dubai

Each Uber Green trip emits at least 25 per cent less carbon emissions than the average ride

prenatal

Al Tayer Group partners with DAHC to support the Centre for Prenatal Paediatrics at Latifa Hospital

This collaboration aims to prioritise prenatal and maternal care in a secure and nurturing environment while delivering multidisciplinary care

Emirates NBD to offer fractional bonds for individual investors -GettyImages-630846210

Emirates NBD to offer fractional bonds to individual investors

The product offering will enable accessibility for individual investors to bond markets with a minimum investment of $25,000

Emirates connects 800 cities via partner deals

Emirates connects 800 cities via partner deals

The carrier plans to continue to evolve its partnership strategy by advancing many of its interline partnerships to full-fledged codeshare agreement

Dubai bolsters its cybersecurity strategy

Dubai launches second cycle of its cybersecurity strategy

The city has emerged as a global leader in cybersecurity by implementing secure digital systems and adopting advanced technical solutions

Commercial Bank of Dubai posts 41.5 jump in H1 profit

Commercial Bank of Dubai posts 41.5% jump in H1 profit

The bank reported an operating income of Dhs2.5bn in the first six months of 2023, up 41.9 per cent from Dhs1.7bn for the same period a year earlier

Yahsat to invest $100m in T4-NGS satellite programme

Abu Dhabi’s Yahsat to invest $100m in T4-NGS satellite programme

The company seeks to boost its investments in the coming years to enhance its fleet, including the potential launch of two new satellites

UAE announced Hijri new year holiday

Islamic New Year 2023: UAE announces holiday dates for public and private sector

The UAE government has announced the holiday dates for the Hijri New Year

UAE’s ADIB raises $750m in AT1 perpetual Sukuk.

UAE’s ADIB raises $750m in AT1 perpetual Sukuk

The issuance was met with robust demand, attracting interest from over 240 global and regional investors with the final order exceeding $7bn

cop28

COP28, Emirates Centre for Strategic Studies and Research sign MoU

The MoU is part of the COP28’s agenda as it seeks to align global climate education and amplify youth participation

RENEWABLE ENERGY

EWEC meets 80% of Abu Dhabi power demand with renewable sources for first time

EWEC is accelerating the implementation of Abu Dhabi’s energy transition to reduce reliance on hydrocarbons and meet its energy demand through renewable sources

UAE chases 7% growth to double economy to over $800bn

UAE sets target to achieve 40% cut in carbon emissions by 2030

Sectors such as power and water generation, heavy industry, transport, waste, buildings, and agriculture will reduce emissions as per specific sectoral targets

DIFC first in region to join forces with AIMA_DIFC

UAE’s DIFC partners with Alternative Investment Management Association

The association represents more than 2,100 corporate members with over $2.5tn hedge fund and private credit assets

Sheikh Hamdan bin Mohammed unveils Dubai Digital Clouds project

Sheikh Hamdan unveils Dubai Digital Clouds project

The initiative seeks to reinforce Dubai’s position as a digital economy capital and further strengthen its robust and reliable digital infrastructure

Sharjah’s Arada posts 186% jump in H1 2023 sales

Sharjah’s Arada posts 186% jump in H1 2023 sales

The developer sold 1,616 homes at its communities during the first half of the year

ILOE deadline

Major change in Emiratisation rules; covers smaller private companies

The cabinet resolution on Emiratisation targets will apply to private companies operating in 14 economic sectors with 20 to 49 employees

Emirates unveils on-demand charter service

UAE, GCC travellers can now book charter flights with Emirates

The service allows customers to fly to several GCC destinations both within and outside of the carrier’s network

VARA suspends BitOasis’ MVP operational license

Here’s why VARA has chastised crypto exchange BitOasis

The crypto exchange platform said it will not accept any new clients until it fully complies with VARA requirements

EWEC secures four bids for 1,500MW Al Ajban solar project

UAE’s EWEC secures four bids for 1,500MW Al Ajban solar park

The solar farm will generate enough electricity to power approximately 160,000 homes across the UAE

ADGM issues hotel and tourism regualtions 2023 Image courtesy ADGM

Abu Dhabi Global Market issues hotel and tourism regulations

The regulations adopt some Abu Dhabi onshore tourism legislation to provide a better regulatory framework for hotels and tourism companies in ADGM

Emirates Group launches innovation majlis Image Emirates Group

Emirates Group unveils new Innovation Majlis

The majlis will showcase the latest in robotics, hyper-reality, holograms, 3D printers and other advanced technologies

ENOC Qatarenergy sign agreement Image Dubai Media Office_Enoc

UAE’s ENOC Group, QatarEnergy ink 10-year condensate supply deal

The agreement allows the companies to further raise the condensate volumes

MIDTOWN DUBAI

Deyaar launches Jannat, its final phase of residential development in Midtown Dubai

The integrated community comprises six districts spanning 24 buildings and a massive retail boulevard

Dubai Courts established division for inheritance and wills Image Dubai Media Office

Dubai Courts sets up division to address inheritance, will execution for non-Muslims

The new department aims to enable non-Muslims to execute their wills within a framework that guarantees the application of their personal laws and the management of probate matters

etisalat by e& launches payment solution 'uTap'

Etisalat by e& unveils its payment solution uTap

The payment solution allows businesses to securely collect and process payments while seamlessly integrating with their existing processes

ADCB is rebranding its wholesale banking

Here’s why ADCB is rebranding its wholesale banking

The rebranded division brings in-depth knowledge and expertise across a range of markets across the Middle East

revibe startup

Dubai-based circular economy startup Revibe secures $2.3m funding

The funding round for the startup was led by Resonance and Flat6Labs

Avani+ Palm View Dubai Hotel and Suites (Image: Supplied by Avani Hotels and Resorts)

Minor’s Avani Palm View Dubai property rebrands

The 48-storey hotel has become the first Avani+ property in the region

Crude oil market on tenterhooks over OPEC meet. Image credit: Getty Images

Voluntary oil supply cuts enough to balance the market: UAE

The UAE will not be undertaking oil supply production cuts even as Saudi Arabia looks to balance the markets