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Cuemath

Alpha Wave leads $57m funding in edtech platform Cuemath

Funds will be deployed to help Cuemath expand to over 100 countries by FY’23

Borouge

Borouge’s $2bn Abu Dhabi IPO draws $83bn of orders

Borouge’s shares will start trading on June 3

fuel prices

UAE increases fuel prices for June 2022

The price of Super 98 has risen to Dhs4.15 per litre

plastic bags

Single-use plastic ban in Abu Dhabi begins: Everything you need to know

Major retailers in the UAE such as Carrefour, Spinneys and Lulu are geared up to implement this by providing sustainable and eco-friendly alternatives

Nemo Stojanovic, director of leasing and marketing, Central Park Towers, DIFC, Arady Developments

How Central Park Towers, DIFC, opens up new avenues for Dubai’s real estate market

Nemo Stojanovic, director of leasing and marketing, Central Park Towers, DIFC, Arady Developments, explains why the project is an attractive proposition to its residents and businesses setting up base within the prime location

stake

The SME Story: Rami Tabbara, co-founder and co-CEO of Stake

A digital fractional real estate investment platform is offering a chance for those with limited budgets to enter the property market

Agreement

UAE, Israel sign comprehensive economic partnership agreement

The agreement will support service sectors such as hospitality, financial services, distribution and construction

UAE reports 381 Covid-19 cases, 389 recoveries

The nationwide case count has risen to 908,205

Dubai Chambers

Dubai Chambers, Citi sign MoU to boost business competitiveness

Both entities will collaborate on events and initiatives that support common goals and attract companies to the UAE

Investment Corporation of Dubai

Investment Corporation of Dubai reports Dhs10.1bn in net profit for 2021

Its revenues for 2021 equalled Dhs169.4bn, up 24.5 per cent compared to the previous year

Meet the first Emirati female pilot to test AW609 tiltrotor

She piloted the revolutionary aircraft during her visit to the US helicopter headquarters of Leonardo, located in Philadelphia

Agthia--800x478

UAE’s Agthia Group to invest Dhs90m into manufacturing facility in Jeddah

It is being built for Nabil, one of Agthia’s protein brands, with sales expected to commence from the new facility in H2 2023

Dubai-based ride sharing firm Swvl to slash headcount by a third

The reductions will focus on roles that have been automated by investments in engineering and product and support functions

Dubai-Skyline-e1650964799688

UAE’s Utico hires banks to advise on potential IPO

Utico is the largest private utility provider in UAE and is one of the 27 companies forming part of the RMB Group

Covid

UAE reports 383 Covid-19 cases, 379 recoveries

The nationwide case count has risen to 907,824

UAE Bank

Nearly 90% UAE banking customers find account opening too complicated

Identity proofing platform IDnow and YouGov research finds UAE residents are frustrated by bank account applications

DEWA announces Dhs12.08bn revenue in H1 2022

DEWA reveals number of new electricity and water connections in Dubai last year

It provides its services to 3.5 million people who live in Dubai

uae jordan egypt industrial partnership

UAE, Egypt and Jordan agree on $10bn industrial partnership investment fund

The five areas that the three countries will cooperate on include food, agriculture and fertilisers; pharmaceuticals; textiles; minerals and metals; and petrochemicals

Improvement project

Sheikh Hamdan opens Dubai-Al Ain road improvement project

The project will benefit 1.5 million people living or working around both sides of the road

monkeypox

Three new cases of monkeypox detected in the UAE

The ministry announced the additional cases almost a week after the first infection of monkeypox was detected in the country

Giving up meat? A vegetarian-only food app launches in Dubai

Yalla Veggie offers a selection of green restaurants, supermarkets, organic stores, bakeries and ethical startups

damac properties us miami

Dubai’s Damac Properties makes US entry by winning $120m bid in Miami

The property in the Miami neighbourhood of Surfside will offer residents direct beach frontage and access to South Beach and Bal Harbour

Majid Al Futtaim survey reveals what visitors expect from malls

The regional-based campaign has received feedback from 10,000 customers at City Centre Mirdif and Deira, as well as online channels

cryptocurrency

Dubai’s crypto edtech Coinmarketpedia secures $2m to expand footprint

The funds will be used to enhance features, allow for investments in ecosystem partnerships and onboard industry experts

DP World

Dubai’s DP World to explore metaverse to solve supply chain challenges

DP World will explore metaverse applications for its services, including simulations of warehousing and terminal operations

Revealed: 74% of UAE’s online shoppers to spend more in 2022

In the report, online shoppers were surveyed, to understand their shopping behaviour, including how they are using Amazon and Noon

Covid-19

UAE reports 395 Covid-19 cases, 334 recoveries

The nationwide case count has risen to 906,236

Why CEO of Dubai-based CMTrading feels trust is key to success

Ibrahim Aita, founder and CEO of CMTrading, shares the brokerage’s decade-long journey and current investment trends

Dubai super sale: Get up to 90% discount at shopping malls

The three-day sale will begin on Friday, May 27 and last until Sunday, May 29

dubai real estate

Mo’asher: Dubai records 6,983 real estate sales transactions in April 2022

It marked a 45.5 per cent increase over the month of April 2021