Dubai FinTech Summit 2024
Dubai FinTech Summit (DFS), an annual mega-event organized by the Dubai International Financial Centre (DIFC), the leading global financial center in the Middle East, Africa and South Asia (MEASA) region, will be held from 6th to 7th May at the Madinath Jumeirah, Dubai. The 2nd edition of the Dubai FinTech Summit will bring together over […]
Ministry of Economy welcomes KERNO as latest member in NextGenFDI
The UAE Ministry of Economy has welcomed KERNO, a pioneering new startup in enterprise-class infrastructure products, as the latest company to join its NextGenFDI program. The program provides a suite of market-entry fundamentals to enable cutting-edge companies to establish or expand their operations in the UAE and, in doing so, support the development of the […]
Dubai Harbour Marinas wins 3 accreditations from TYHA
Dubai Harbour is the proud recipient of three prestigious accreditations from The Yacht Harbour Association (TYHA), including the coveted Gold Anchor award – a credible measure of marina quality. It also won titles for Clean Marinas and Super Yacht Ready, a first in the region. The region’s largest marina achieved an unprecedented feat of securing […]
AD Ports’ 2023 revenue soars to $3.2bn; net profit up 6pc
AD Ports Group has reported strong operational and financial performance in full year (FY) 2023, with revenue shooting up 112% year-on-year (YoY) to AED11.68 billion ($3.18 billion) and net profit rising 6% to AED1.4 billion. Revenue growth was driven by the Maritime & Shipping, Ports, Logistics, and Digital Clusters, as well as M&A effect, particularly […]
ADNOC Distribution to offer Authorised Quick Service Stations for NWTN’s EV
ADNOC Distribution has strategically partnered with NWTN Inc., offering a network of Authorised Quick Service Stations for NWTN’s innovative UAE-made range-extended electric vehicle (REEV) Rabdan One at selected ADNOC service stations across the UAE. The 20 new Authorised Quick Service Stations utilize the Company’s extensive network to deliver electric vehicle (EV) services for the Rabdan […]
ADNOC & bp to form gas joint venture in Egypt
ADNOC and bp have agreed to form a new joint venture (JV) in order to initially focus on the development of gas assets in Egypt. The JV (51 percent bp and 49 percent ADNOC) will combine the pair’s deep technical capabilities and proven track records as it aims to grow a highly competitive gas portfolio. […]
UAE AI Office & EGA to accelerate AI adoption in industrial sector
The UAE’s Artificial Intelligence, Digital Economy, and Remote Work Applications office has signed a Memorandum of Understanding (MoU) with Emirates Global Aluminum (EGA) in order to promote the adoption of artificial intelligence in the industrial sector. Under the agreement, the Artificial Intelligence, Digital Economy, and Remote Work Applications office and EGA will work together to […]
Batelco unites with e& to land Al Khaleej subsea cable in UAE
Bahrain’s Batelco, part of the Beyon Group, and e& have signed a memorandum of understanding (MoU) for the landing of Al Khaleej Cable in the United Arab Emirates. Fully owned by Batelco, the 1,400 KM long Al Khaleej subsea data cable system, will connect Bahrain to other regional countries including Oman, Qatar, and the UAE. […]
DIFC says company registrations rose by 34% in 2023
The Dubai International Financial Centre (DIFC) said new company registrations surged by 34 per cent in 2023, bringing the number of active companies in the financial centre to 5,523. DIFC said 1,451 new companies commenced operations in the financial hub last year, the highest number of new registrations since the founding of the centre two […]
UAE and India lay foundation stone for new ‘Bharat Mart’
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai; and Narendra Modi, Prime Minister of India, today (February 14) laid the foundation stone for Bharat Mart, a market and trading platform for Indian businesses in Dubai, during a ceremony held at the World Governments Summit 2024. Plans for […]