UAE stock indices experienced an upswing at the close of trading on Tuesday. The Abu Dhabi Index rose by 0.58%, reaching 9 290 points with trading volumes amounting to 1.17 billion dirhams. Meanwhile, the Dubai Index increased by 0.43%, hitting 5 078 points amidst trading of 520.3 million dirhams. The growth in the Dubai Index...
WEEX, a global crypto exchange, has revealed that 30 percent of its clients in the MENA region are based in Egypt. This significant customer base highlights Egypt’s leading position among countries using the platform, which also includes Algeria, Iraq, Morocco, and Saudi Arabia. Since its launch in the MENA region in January 2025, WEEX has...
Dr. Greiche Group has announced a substantial investment of EGP 500 million (approximately $9 million) to establish a high-tech automotive glass facility in 10th of Ramadan City, Egypt. This investment aligns with the country’s national strategy to localize advanced industries and address the domestic production gap, according to a press release from the company. The...
Eni, the Italian energy company, is investing $360 million to drill two new gas wells in Egypt’s Zohr field. Currently, Eni is utilizing the Zohr-Saipem 10 000 rig to drill slant wells 9 and 13, which represent part of the overall investment totaling $160 million. This ongoing drilling activity is projected to increase the output...
The UAE, represented by the Cybersecurity Council, participated in the Google Cloud Next 2025 summit held in Las Vegas. This event focused on cybersecurity and artificial intelligence technologies, highlighting the importance of these fields in today’s digital landscape. During the summit, industry leaders and experts discussed various cybersecurity challenges and innovations. The participation of the...
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, the First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance, met today with the CEO of Barclays Group. This meeting aimed to discuss various aspects of cooperation and investment opportunities between Dubai and the banking giant. During the meeting, Sheikh Maktoum emphasized...
Sheikh Ammar bin Humaid Al Nuaimi, the Crown Prince of Ajman and Chairman of the Executive Council, recently welcomed Mr. Eric Anziani, the CEO of Crypto.com. The meeting focused on exploring potential collaborations in the field of digital technologies. During the meeting, Sheikh Ammar emphasized the importance of digital transformation in enhancing the economy and...
The Dubai WoodShow 2025, currently taking place at the Dubai World Trade Centre and running until April 16, has attracted a significant number of visitors eager to explore advanced products and solutions in the woodworking industry. The event features exhibitors from both international and local companies, showcasing a strong emphasis on innovation, sustainability, and regional...
Billionaire Michael Platt’s private investment firm, BlueCrest Capital Management, has obtained full regulatory authorization from the Dubai Financial Services Authority (DFSA). This approval allows the firm to hire traders and manage capital from Dubai, a city that has increasingly become a hub for money managers in recent years. According to sources familiar with the situation,...
Dr. Sultan Ahmed Al Jaber, the UAE Minister of Industry and Advanced Technology, is on an official visit to Japan from April 13 to 16, aimed at enhancing cooperation in trade, investment, energy, and advanced technology. His visit includes chairing the second ministerial meeting of the Comprehensive Strategic Partnership and engaging in bilateral discussions with...