Bin Ham Group has announced a significant investment of AED100 million to support the Life Endowment campaign. This initiative is dedicated to assisting patients with chronic diseases and operates under the slogan “With you for life.” The funding aims to enhance the quality of life for those affected by chronic illnesses. By investing in this...
H.H. Sheikh Abdullah bin Zayed Al Nahyan, the Deputy Prime Minister and Minister of Foreign Affairs of the UAE, held a phone conversation today with Johann Wadephul, the German Foreign Minister. During this call, they exchanged views on various regional developments, highlighting the importance of collaboration between the two nations. The discussion addressed key issues...
Foodics, a software company based in Riyadh, has successfully raised $8 million through its seed and Series A funding rounds. The funding will support the company’s growth as it aims to enhance its services in the restaurant management sector. Founded by Ahmad AlZaini and Mosab AlOthmani, Foodics currently employs 150 people. The company focuses on...
Clédor, a real estate development and investment firm based in Dubai, plans to invest Dh2.1 billion across its portfolio of projects throughout the UAE, as announced by the company’s CEO. The firm has recently launched Arthouse Residences on Al Marjan Island, which is a branded residential project created in collaboration with Arthouse Hotel NYC and...
Abu Dhabi Airport has announced that all major services and facilities are ready to welcome the first passengers at the new Terminal A. This terminal will be open to the public starting November 1, and it will serve Etihad Airways’ official flights. Credit: The Gulf Time Newspaper The airport management highlighted that Terminal A features...
The UAE’s midday break for outdoor workers has officially started, running from June 15 to September 15. This initiative prohibits work under direct sunlight and in open-air spaces between 12:30 PM and 3 PM, providing crucial relief from the intense summer heat. This annual program, overseen by the Ministry of Human Resources and Emiratisation, was...
The Ministry of Foreign Affairs has issued a travel advisory for UAE citizens following the escalating tensions in the Middle East. The advisory highlights the importance of staying updated on the situation, especially for Emiratis, residents, and visitors in the region. In a social media post, the ministry urged Emiratis in Jordan, Iraq, Lebanon, Syria,...
UAE companies have announced a series of agreements and memorandums of understanding valued at over $50 billion with the Republic of Türkiye. These agreements, which were signed today, highlight the growing economic ties between the two nations. Credit: WAM The agreements cover various sectors and aim to enhance cooperation in areas such as trade, investment,...
The Central Bank of the United Arab Emirates (CBUAE) has announced that it will maintain the base rate applicable to the overnight deposit facility at 5.40%. This decision, made on November 1, 2023, aims to support the UAE’s economic stability and growth. Credit: HiDubai Focus The CBUAE emphasized that the decision aligns with its commitment...
Monsha’at, Saudi Arabia’s Small and Medium Enterprises General Authority, led a group of five potential Saudi unicorn startups to participate in VivaTech 2025, Europe’s premier technology and innovation exhibition. This participation is part of the Saudi Unicorns initiative, which aligns with Saudi Vision 2030 and aims to help fast-growing companies in promising sectors achieve valuations...