LATEST NEWS

UAE mining giant eyes majority stake in Vedanta’s Zambian mines

April 19, 2024

The mining firm’s offer for a controlling stake in Vedanta Resources is non-binding and talks are ongoing The mining investment arm of Abu Dhabi’s most valuable company has offered to buy a majority stake...

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Flydubai cancels flights to Tehran

April 19, 2024

International flights into Iran’s Imam Khomeini International Airport have been cancelled Fly dubai has cancelled flights to the Iranian capital Tehran on Friday and turned back flight FZ 1929 due to the...

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Real estate: Emirates REIT property income hits a record $74m in...

April 19, 2024

Emirates REIT’s net property income surged by 12 per cent to $62m, driven by strategic asset performance optimisation Equitativa, the manager of Emirates REIT, has reported that the Shariah-compliant real...

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Abu Dhabi’s Hub71 selects startups from 11 countries for 14th cohort

April 17, 2024

Eighty-one per cent of the startups in the latest cohort are headquartered outside the UAE Abu Dhabi-based tech ecosystem, Hub71, has announced the induction of 25 innovative startups from 11 countries into...

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Sharjah’s Arada awards Dhs615m contracts for 565 housing units

April 17, 2024

Construction on the project will begin immediately and all homes will be completed and handed over by the end of 2025 Arada Developments has awarded two contracts valued at Dhs615m to build 565 homes in...

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Dubai Airports faces disruptions: flyDubai flights cancelled,...

April 17, 2024

The airport faces operational challenges amidst unprecedented weather conditions, disrupting flights and transportation services Dubai International (DXB) airport is facing significant operational...

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Dubai-based Telegram to hit 1 billion users, says founder

April 17, 2024

The popular Telegram messaging app, which is headquartered in Dubai, currently has over 900 million users The Telegram messaging app, one of the world’s most popular social media platforms, will likely...

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UAE consumer spending rises 13% in 2023, reveals retail report

April 8, 2024

The report showed that e-commerce spending continued growing in 2023, with a 15 per cent growth rate since 2022 The UAE’s retail sector boomed in 2023, defying global trends, revealed the latest State of...

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Another UAE aid ship bound for Gaza reaches Egypt port

April 8, 2024

The third UAE aid ship carrying 4,630 tonnes of relief supplies arrived at the Port of Al Arish, after being dispatched as part of Operation “Chivalrous Knight 3,” to provide further humanitarian support to affected...

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ADX, DFM log direct deals worth Dhs1.6bn during Ramadan

April 8, 2024

In ADX, five large direct deals were executed on 243.4 million shares, amounting to Dhs683.3m The Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) reported significant direct...

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