Dubai Duty Free has announced impressive sales of Dh2.06 billion ($565 million) for the first quarter of 2025. This strong performance was driven primarily by a record-setting February, which saw sales reach Dh709 million ($194 million). Among the top-selling categories were perfumes, beverages, tobacco, gold, and confectionery. Perfume sales alone hit Dh371 million, contributing 18...
Dubai’s Mohammed bin Rashid Al Maktoum Solar Park is attracting significant international interest, with 47 global companies expressing their desire to participate in the development of its seventh phase. This announcement was made by Saeed Mohammed Al Tayer, the CEO and Managing Director of Dubai Electricity and Water Authority (DEWA). According to WAM, Al Tayer...
The upcoming Abu Dhabi Global Health Week (ADGHW), scheduled from April 15 to 17, is set to draw significant attention with expectations of 15 000 visitors, 1 900 delegates, and 200 speakers from 90 different countries. This major conference will concentrate on international efforts to extend life expectancy, promote personalized medical care, and leverage artificial...
AppyThings, a Google Cloud-specialized IT integration partner based in the Netherlands, is expanding its presence in the Middle East, Turkey, and Africa (META) region. The company aims to meet the growing demand for secure, agile, and cloud-native integration services, which are crucial for accelerating digital transformation in one of the world’s fastest-growing digital economies. Since...
The UAE Cyber Security Council, in collaboration with Google Cloud, has officially launched the first Global Cyber Security Centre of Excellence in Abu Dhabi. This initiative reflects the UAE Government’s vision to establish the nation as a leading hub for artificial intelligence and enhance international collaboration in cybersecurity. The UAE Cabinet has given its support...
Markets in the United Arab Emirates closed higher on April 9, 2025, despite escalating tensions from the ongoing US-China trade war. This resilience was observed even as US President Donald Trump intensified the tariff battle by raising duties on Chinese goods to 104%. The FTSE ADX General Index rose by 0.853%, while the DFM General...
The IUCN World Conservation Congress 2025 will take place in Abu Dhabi, with the event being held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, the President of the UAE. This significant gathering is set to convene global leaders, experts, and stakeholders in conservation and sustainability. The congress is expected to...
The Abu Dhabi Mobility has announced changes to the speed limits on key highways in the emirate. The limit on Sheikh Khalifa bin Zayed International Road (E11) will be reduced from 160 km/h to 140 km/h, while the speed limit on Abu-Dhabi-Sweihan Road (E20) will drop from 120 km/h to 100 km/h. These adjustments aim...
Saudi Aramco, China Petroleum & Chemical Corporation (Sinopec), and Yanbu Aramco Sinopec Refining Company (Yasref) have announced the signing of a Venture Framework Agreement (VFA) aimed at expanding Yasref’s petrochemical capabilities. The agreement, which marks a significant milestone for Yasref, is expected to enhance its global standing in the petrochemical sector and meet the growing...
Lucid Group, Inc., backed by the Saudi Public Investment Fund (PIF), has successfully closed a significant $1.1 billion offering in convertible senior notes due in 2030. This closing includes the full exercise of an option that allowed initial purchasers to acquire an additional $100 million in notes, as stated in an official announcement. Taoufiq Boussaid,...