Dubai business

Dubai trumps Lisbon as top destination for globetrotting executives: Report

The findings were based on research conducted by real estate broker Savills, which ranked 20 prime residential markets by their appeal to long-term remote workers

VARA fines OPNX

Dubai’s VARA fines Three Arrows founders over OPNX crypto project

VARA became aware in February that OPNX was soliciting customers for its platform and collecting personal data

DEWA selects ACWA Power for Dubai water project

DEWA picks ACWA Power to build Hassyan water desalination plant

The $914m (Dhs3.36bn) Independent Water Producer project has a projected capacity of 180 million imperial gallons per day

Agthia Group is fostering UAE’s food security strategy

Exclusive: Alan Smith on Agthia Group’s growth and food security strategy

The group’s CEO explains how they are setting an example for the industry, contributing to UAE’s food security strategy

BEEAH Tandeef to roll out AI City Vision

Artificial intelligence harnessed for waste management with BEEAH’s AI City Vision

The waste management service provider to roll out AI City Vision as a dedicated service to its clients

integrated cyber defence

Help AG’s Stephan Berner on the importance of integrated cyber defence

The integrated approach to cyber defence is one of the technology trends that will dominate in coming years, says the CEO of the company

Astra Tech unveils new Botim debit card

Astra Tech debuts new Botim prepaid debit card

The prepaid debit card is accepted in more than 200 countries and offers UAE dirham and the US dollar

household wealth drops

Global household wealth drops for first time since 2008 financial crisis

The bulk of the decline was felt in North American and European households which lost a combined $10.9tn

Dubai universities

Dubai universities roll out programmes in AI, drones, genetics, gaming

Dubai International Academic City and Dubai Knowledge Park aim to equip students with future-proof skills during the 2023-24 academic year

Neymar joins Al Hilal

Neymar’s first look in Al Hilal kit, welcomed with stunning video of Saudi Arabia: Watch

Neymar joins his countrymate Malcom at Al Hilal along with other international players from Europe

IHG's Vignette Collection enters UAE, Kuwait (Image: Supplied by IHG Hotels and Resorts)

Vignette Collection brand enters UAE, Kuwait

Th8 Palm Dubai Beach Resort, Vignette Collection and Vignette Collection in Kuwait City will be operated by United Hospitality Management

ECG Fund

Energy Capital announces first close of $150m fund

The fund aims to play a pivotal role in helping achieve the ambitious industrial development agenda of Saudi Arabia as it transforms its economy

New Abu Dhabi industrial licences surge 16.6% in H1 2023

New Abu Dhabi industrial licences surge 16.6% in H1 2023

Capital investments by manufacturers operating in the emirate grew by Dhs12.4bn to Dhs384.1bn over the same period

Al Dhara and ADEX to supply wheat to Egypt in $500m deal image WAM

Al Dahra, ADEX partner to supply wheat to Egypt in $500m deal

Al Dahra currently farms 28,000 hectares in Egypt that help sustain the country’s food security by producing staple crops

Roya enters Dubai luxury property market

Roya Lifestyle Developments forays into Dubai’s property market

The property developer aims to redefine contemporary living by offering unparalleled luxury in the heart of the city

GoDaddy to launch .AI domain in Saudi Arabia

GoDaddy to bring .AI domain extension to Saudi Arabia

The web hosting provider said the artificial intelligence domain will create numerous advantages for small businesses across various sectors

artificial intelligence and Web3 licences

Dubai’s DIFC to issue artificial intelligence and Web3 licences

The Dubai AI and Web 3.0 Campus is a dedicated campus for AI and Web3 innovation and will provide physical and digital infrastructure within the DIFC Innovation One new premises

UAE leaders wish India on its independence Day

UAE leaders wish India as it marks its 77th Independence Day

The UAE President Sheikh Mohamed bin Zayed extended his wishes to India’s President Droupadi Murmu

Top startups

GCC: Top startups to watch in 2023

We shine the spotlight on some of the region’s most prominent startups

Emirates to ramp up flights to London Heathrow

Emirates to scale up London Heathrow flights

The national carrier currently serves London Heathrow with six daily A380 flights

Etihad Rail

Oman-Etihad Rail invites applicants for freight facilities works; 7 facts about the JV

The GCC railway project will include a line connecting Oman’s Suhar to UAE capital Abu Dhabi

RTA free digital parking

Dubai: RTA announces free digital parking permits for senior Emiratis, people of determination

The smart parking permit enables users to add five vehicles

AD Ports Group Q2 revenue surges by 66% to Dhs2.1bn

AD Ports Group Q2 revenue surges by 66% to Dhs2.1bn

The group’s net profit increased by 3 per cent year-on-year to Dhs310m in Q2 2023

Shuaa Capital

Shuaa Capital’s top investors are exploring sale

The firm’s market capitalisation exceeds Dhs1bn ($272m) and it has close to $5bn in assets under management

India school GCC

India supports community initiatives for new schools in GCC

Within the GCC, the largest number of Indian schools are in the UAE

Flynas (Image: Supplied by flynas)

Flynas signs sustainability agreement with Saudi Investment Recycling Company

The two entities will jointly explore opportunities to develop best practices and solutions for the airline’s recycling needs

UAE national banks provide Dhs745.5bn in financing by May

UAE banks provide Dhs745.5bn credit to business, industrial sectors

The central bank said the business and industrial sectors received credit financing mostly from traditional banks

Mastercard MTN

Mastercard to buy stake in MTN’s $5.2bn fintech unit

Signing of the definitive investment agreements is expected to occur in the very near term, said MTN chief executive officer Ralph Mupita

India marks its 77th independence day

India at 77: A rising economic force

With 6-6.5 per cent GDP growth expected in 2023-24, India is set to enter the league of three largest economies before 2030

India - UAE bilateral meet in Abu Dhabi

UAE-India partnership: Leading the regionalisation of trade

Just one year into its implementation, the bilateral CEPA is paying dividends for both countries