Business and economics news in UAE and around the world.
The United Arab Emirates (UAE) has announced its dynamic participation in the 54th edition of the World Economic Forum (WEF) 2024, scheduled to be held from 15th to 19th January in Davos-Klosters, Switzerland. This year, the UAE’s delegation is marked by the presence of over 100 eminent personalities, including heads of national companies, corporate leaders, …
Read more
iCademy Middle East, a pioneer in online schooling, has announced its Spring start dates for the 2024 academic year, inviting students from around the globe to partake in its comprehensive KG-12 education programs. Licensed by the Knowledge and Human Development Authority (KHDA) and accredited by the New England Association of Schools and Colleges (NEASC), iCademy …
Read more
In a significant corporate rebranding move, Oman Insurance Company has officially announced its name change to Sukoon Insurance, following the completion of all regulatory requirements. This change marks a new chapter in the company’s history while reassuring customers that their existing policies and coverage will remain unaffected. The announcement, made on Thursday, comes as a …
Read more
In a significant move to bolster small and medium-sized enterprises (SMEs) at the Dubai Shopping Festival (DSF), Tally Solutions has unveiled its latest software, TallyPrime 4.0. This new release promises to align perfectly with the needs of SMEs participating in the renowned festival, renowned for promoting economic development and inclusivity. Vikas Panchal, the General Manager …
Read more
In an awe-inspiring announcement, Danube Properties has unveiled its latest architectural marvel, Bayz101, in the heart of Dubai’s Business Bay. This 101-level megatall tower is not just a testament to Danube’s architectural prowess but also a significant milestone, marking the company’s decade-long journey in the real estate sector. Bayz101, poised to be the tallest development …
Read more
Ajman Bank, a prominent Islamic financial institution, marked a significant expansion of its business portfolio with the launch of Skyrise Properties, a fully-owned real estate subsidiary, announced on Thursday. This new venture represents a strategic move by Ajman Bank to diversify its offerings and enhance its presence in the real estate sector. Skyrise Properties is …
Read more
In a significant move towards global energy technology investments, ADNOC Drilling Company and Alpha Dhabi Holding, one of Abu Dhabi’s largest investment entities, have established a new joint venture. This venture is set to pursue global investments in energy technology and expand tech-enabled energy services, marking a strategic shift in the energy sector. The joint …
Read more
Abu Dhabi’s leading real estate developer, Aldar Properties, has announced a significant investment of Dh1 billion to bolster its logistics real estate sector in Dubai and Abu Dhabi, marking a strategic expansion in a category the developer deems high priority for future growth. In a landmark move, Aldar has made its first logistics-related acquisition in …
Read more
In an impressive show of real estate strength, Burj Khalifa, the world’s tallest building, has witnessed a surge in property sales, surpassing Dh1 billion in 2023. The iconic tower in Dubai, celebrated for its architectural marvel and luxury living, has outperformed the rest of the city in average price by over 17 percent last year. …
Read more
In an era marked by increasing globalization, the concept of acquiring a second citizenship through investment is gaining unprecedented momentum. The innovative citizenship and residency by investment programs offer a unique pathway for individuals seeking broader opportunities and enhanced financial prospects in a world that is more interconnected than ever. These programs provide the chance …
Read more
In a groundbreaking initiative, Etisalat or e&, a leading technology firm, has introduced an innovative, eco-friendly Green SIM Card for its customers in the United Arab Emirates (UAE). This significant move comes ahead of the much-anticipated 28th Conference of the Parties to the UN Framework Convention on Climate Change (COP28) in Dubai, where e& will …
Read more
Google is making significant strides in its commitment to user privacy by taking its first steps towards restricting third-party cookies in its Chrome web browser. This move comes as part of Google’s larger plan to eventually eliminate these cookies, which have long raised concerns about online privacy. Back in 2020, Google announced its intention to …
Read more
Dubai, January 8, 2024 – His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has taken a significant step towards enhancing Dubai’s financial stability and promoting sustainable development. In a landmark move, he has issued a new law establishing the Dubai Investment Fund as an …
Read more
The UAE’s fuel price committee has recently released the petrol and diesel prices for January 2024, revealing a notable decrease compared to the previous month. This price adjustment is significant for residents and businesses across the UAE, as it influences a wide range of daily activities and economic sectors. For January 2024, the price of …
Read more
Remember Pepe the Frog? The once-ubiquitous internet meme has returned to the spotlight, this time not as a satirical icon, but as a controversial cryptocurrency: Pepe Coin ($PEPE). After a tumultuous year marked by meteoric rise, spectacular plummet, and accusations of manipulation, Pepe Coin is on the rise again, leaving investors wondering: is this a …
Read more