Dubai Municipality launches world’s first 3D printing certification for construction industry
Dubai Municipality has launched the world’s first system for 3D printing certification and conformity in the construction industry, reported state news agency WAM. The step plays a pivotal role in advancing Dubai’s leading position as the world’s first city to adopt a conformity marking strategy for 3D printing used for construction and regulate this cutting-edge and […]
UAE approves 2024-2026 federal budget of Dhs192bn
The UAE has approved the federal budget for 2024-2026 worth Dhs192bn ($52.3bn), according to the state-run news agency, WAM. The federal budget estimates expenditures of Dhs64.1bn in 2024, up 1.6 per cent from estimates for 2023 and forecasts total revenues of Dhs65.7bn, up 3.3 per cent over from this year. “The federal general budget reflects the […]
Lulu opens 72,000 square feet hypermarket in Dubai Mall
Lulu Group, a prominent retail chain, marked its expansion by opening a new branch at the iconic Dubai Mall on Monday. Covering a sprawling 72,000 square feet, this state-of-the-art outlet aims to cater to the needs of millions of visitors to the mall. This latest addition has increased Lulu Group’s store count in Dubai to […]
Expand North Star 2023: A global stage for startups at Dubai Harbour
The surge in international demand has rallied the world’s largest tech and start-up event to scale even higher and bigger in 2023, spearheading a global tech takeover across two Dubai mega venues next month. The 43 rd edition of GITEX GLOBAL will take place from October 16-20, the blockbuster tech showpiece once again reaching full […]
Sovereign wealth fund ADIA optimistic on equities, private credit after turbulent 2022
Sovereign wealth fund Abu Dhabi Investment Authority (ADIA) said it was optimistic about public equities for 2023 after last year’s market rout, driven by high inflation and rising interest rates, weighed on stocks’ valuations, making them more attractive. The fund was also looking at opportunities in the private credit market, as banks become more cautious […]