Stock markets in the United Arab Emirates experienced gains on Monday, aligning with Asian markets as investors looked forward to the outcome of U.S.-China trade talks taking place in London. The discussions are seen as crucial for easing the ongoing trade dispute between the two economic powerhouses, which has expanded to include export controls on...
The UAE’s initial public offering (IPO) pipeline is poised to diversify as Cafu, a Dubai-based fuel delivery start-up, considers selling a stake in the business. This potential sale comes amid strong investor demand for new listings, as reported by Bloomberg, which cited sources familiar with the matter. Cafu is reportedly collaborating with Lazard, a financial...
His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, the Supreme Council Member and Ruler of Sharjah, has approved an additional AED100 million in compensation for owners of old houses in the Al Madam area. This decision is aimed at those who had previously been granted new houses as part of a housing initiative. Previously,...
Sharjah, UAE – The Board of Directors of the Sharjah Research, Technology and Innovation Park (SRTIP) convened for its fourth session, chaired by Sheikha Bodour Al Qasimi. During this high-level meeting, the board unveiled its strategy for the next phase of growth, building on the phenomenal achievements of the previous year that positioned SRTIP as...
A Dubai-based company, Micropolis, has introduced a new fleet of autonomous robotic platforms aimed at addressing critical challenges in environmental restoration, industrial sanitation, and public safety. The unveiling took place at the Make it in the Emirates 2025 event in Abu Dhabi, which was hosted by the UAE Ministry of Industry and Advanced Technology. The...
Dubai, UAE: Al Jalila Foundation, the philanthropic arm of Dubai Health, has announced a significant donation of AED 10 million from Commercial Bank of Dubai (CBD). This funding will support the construction and development of the Hamdan Bin Rashid Cancer Hospital, which is set to be Dubai’s first fully integrated and comprehensive cancer care facility....
e& UAE announced on Monday that it has achieved a remarkable milestone by setting a new world record for connectivity with an uplink (UL) speed of 600Mbps on a live 5G network. This achievement marks a significant advancement in the evolution of 5G-Advanced and was made possible through the aggregation of FR1 bands at 2100...
Dubai’s Emirates Islamic Bank (EIB) will no longer be traded on the Dubai Financial Market (DFM) starting June 10, 2025. This decision follows Emirates NBD’s move to purchase all shares in EIB that it does not already own. A statement from EIB confirmed that it will instruct the DFM to suspend trading of its shares...
The UAE has reported an impressive 344 per cent year-over-year increase in Generative AI (GenAI) enrollments, significantly surpassing the MENA regional average of 128 per cent and the global average of 195 per cent. This data comes from the Global Skills Report 2025 published by Coursera, a prominent online learning platform that serves over 170...
The United Arab Emirates (UAE) has declared a financial commitment of $200 000 for the year 2025 to support the United Nations High Commissioner for Refugees (UNHCR) Refugee Programme. This announcement was made during the UNHCR Pledging Conference, highlighting the UAE’s ongoing efforts to assist those in need. Credit: WAM This contribution reflects the UAE’s...