ANAX Capital has officially launched its trading platform in the UAE’s financial sector, marking its operational readiness to cater to both retail and professional clients. The launch event took place at Palazzo Versace Dubai and was attended by numerous celebrities from the Middle East and India, featuring performances by international artists such as Tiger Shroff,...
Dubai’s real estate market is rapidly embracing tokenisation, with more than 6 000 individuals joining the waitlist for Prypco Mint, a new platform that enables users to purchase fractional shares of property through secure digital tokens. This innovative approach is revolutionizing how people invest in real estate in the emirate. Credit: WAM The Dubai Land...
Abu Dhabi Police have commenced road testing the Eneron Magnus, the first UAE-made supercharged patrol vehicle. This innovative vehicle is designed to enhance policing operations in the capital and can accelerate to 100 kilometers per hour in just 6.3 seconds, reaching a top speed of approximately 150 kilometers per hour. On Wednesday, the Magnus made...
flydubai has announced five new destinations for travel starting in 2025, enhancing its extensive network from Dubai. The new routes include Al Alamein in Egypt, Antalya in Turkey, Bushehr in Iran, Chișinău in Moldova, and Iași in Romania, along with the return of flights to Pisa in Italy. This expansion offers travelers fresh options for...
Engie-backed National Central Cooling, commonly known as Tabreed, along with private equity firm CVC, is currently in exclusive discussions to acquire the district cooling business of Abu Dhabi-based Multiply Group. This deal is anticipated to value the unit at over $1 billion, as reported by two sources familiar with the negotiations. According to one of...
Abu Dhabi police have unveiled the Eneron Magnus, a cutting-edge autonomous vehicle designed with a cell for detaining individuals. This innovative vehicle was constructed entirely in the emirate, showcasing local technological capabilities. In addition to its detention cell, the Eneron Magnus features two dispatchable surveillance systems to enhance security operations. These advancements reflect the police...
The UAE economy is experiencing a significant transformation in investor behavior, predominantly driven by a digital youth demographic. This group engages with the markets through smart applications and financial influencers, amidst a surge of economic news. Despite their high technical skills, there is a concerning gap in their foundational knowledge of risk management and making...
Abu Dhabi will host the 31st Arab Scout Conference and the 6th Arab Scout Youth Forum in November under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council. This significant event aims to bring together youth and...
The United Arab Emirates (UAE) aims to transition into a nearly cashless economy; however, the reliance on traditional rent payment methods is hindering this effort. Rent, which is one of the largest personal expenses in the country, remains predominantly tied to paper transactions and cheques. Recent research from Visa indicates that the percentage of rent...
Etihad Airways has announced a reduction in its flight frequency on the Abu Dhabi to Melbourne route starting October 1, 2025. The airline will decrease the number of weekly flights from eight to seven and will shift all departures to the evening. This change is part of a broader effort by Etihad to adapt to...