Author: UPPERNEWS TEAM (UPPERNEWS TEAM)

Nio to Launch UAE’s First Battery Swap Station by End of February
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Nio to Launch UAE’s First Battery Swap Station by End of February

Shanghai-based electric vehicle (EV) manufacturer Nio is preparing to open its first battery swap station in the Middle East later this month. An internal source revealed that the station has already been powered up and is currently undergoing testing, with a launch anticipated by the end of February. As reported by Electric-Vehicles.com, the approval process...

UAE Implements Vertical Farming to Reduce Crop Prices
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UAE Implements Vertical Farming to Reduce Crop Prices

UAE is increasingly turning to vertical farming as a strategy to lower crop prices. As businesses venture into agricultural projects, they are finding it easier to get their products on supermarket shelves, improving their chances of profitability. The rise of both advanced vertical farms and traditional farming methods across the region is making a significant...

Abu Dhabi Fund for Development Reaches AED229 Billion in Total Funding
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Abu Dhabi Fund for Development Reaches AED229 Billion in Total Funding

The Abu Dhabi Fund for Development (ADFD) has officially reached a total funding amount of approximately AED229 billion, as announced during the World Governments Summit 2025, which was held in Dubai. The summit, themed “Shaping Future Governments,” gathered government leaders, ministers, senior officials, and global experts from various sectors to exchange knowledge and strategies for...

FastBull Finance Summit Set for April 2025 in Dubai
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FastBull Finance Summit Set for April 2025 in Dubai

FastBull Finance Summit has announced its inaugural event in Dubai, scheduled for April 16-17, 2025. The summit will take place at the renowned Coca-Cola Arena and aims to bring together industry leaders, investors, and financial experts for two days filled with important discussions, innovative trends, and valuable networking opportunities. The event will run from 10:00...

Dubai's VARA Issues Warning on Memecoins and Associated Risks
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Dubai’s VARA Issues Warning on Memecoins and Associated Risks

The Virtual Assets Regulatory Authority (VARA) of Dubai has issued a warning to consumers and investors about the potential risks linked to advertisements promoting subscriptions to memecoins. Memecoins are categorized as highly speculative and volatile assets, often susceptible to market manipulation. According to VARA, many memecoins lack intrinsic value and their pricing is primarily influenced...

Cheyne Capital Increases Investment in UAE Amid Global Uncertainty
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Cheyne Capital Increases Investment in UAE Amid Global Uncertainty

Cheyne Capital’s hedge fund for Europe, the Middle East, and Africa is significantly increasing its investment in the United Arab Emirates, viewing it as the most resilient equity market amid uncertainties linked to US President Donald Trump’s policies. Fund manager Carl Tohme highlighted that the UAE’s currency peg to the dollar plays a crucial role...

Adnoc Drilling Plans to Secure $1 Billion Financing for Growth
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Adnoc Drilling Plans to Secure $1 Billion Financing for Growth

Adnoc Drilling Co., a subsidiary of the United Arab Emirates’ largest oil producer, plans to secure approximately $1 billion in financing this year. This funding will help the company refinance expiring debts and support investments and dividends, as Chief Financial Officer Youssef Salem detailed in an interview with Bloomberg Television. The company has around $750...

TEF and UAE Partners Sign $6M Agreement to Empower Young Entrepreneurs
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TEF and UAE Partners Sign $6M Agreement to Empower Young Entrepreneurs

The Tony Elumelu Foundation (TEF) has finalized a strategic partnership agreement worth USD $6 million with the UAE Office of Development Affairs and the Khalifa Bin Zayed Al Nahyan Foundation. This collaboration aims to provide business training, mentorship, and access to networks, as well as non-refundable seed capital of $5,000 to an additional 1,000 young...