Saeed Mohammed Al Tayer inaugurates DEWA Disruptive Lab

  Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), has inaugurated the DEWA Disruptive Lab (DDL) at Al Hudaiba building, which will serve as a hub to implement the Innovation and Future Shaping Framework. The move is in accordance with DEWA’s updated Innovation and Future Shaping Framework inspired by […]

UAE’s Aldar to build new flats, penthouses dedicated to holistic health, wellbeing

UAE developer Aldar Properties launched a new project on Monday that will boost its real estate portfolio with 204 new apartments and penthouses, as it looks to tap into the growing demand for homes purposely built to support holistic health and wellbeing. The new “wellness” development, dubbed The Source, forms the next phase of Aldar’s […]

Abu Dhabi’s Presight AI soars on market debut

  Shares in Abu Dhabi big data analytics company Presight AI climbed as much as 176% on their stock market debut after raising 1.82 billion dirhams ($495.6 million) in an initial public offering (IPO) for almost a third of the business. Presight’s shares rose as high as 3.70 dirhams on the Abu Dhabi Securities Exchange […]

DP World’s overseas logistics investments since 2012 cross $10bln mark

DP World has invested more than $10 billion (Dh37.3 billion) in the global logistics sector since 2012, making it one of the top five overseas investors in this period, according to the latest foreign direct investment (FDI) data released by leading industry consultants. The FT’s FDI Intelligence recently published its top five list for 2022, […]

UAE confirms water security will be core part of COP28 agenda in Dubai

  During the 2023 United Nations Water Conference, the UAE Minister of Climate Change and the Environment, Mariam bint Mohammed Almheiri, highlighted the UAE’s inclusive and action-orientated approach to water sustainability and its impact on the nation’s security and economy-wide roadmap to achieve net-zero emissions. Delivering the UAE’s national statement at the UN Water Conference, […]

Saudi, UAE investors plan to invest in SpaceX – The Information

A unit of Saudi Arabia’s investment fund and an Abu Dhabi-based company are planning to invest in a multi-billion dollar funding round for Elon Musk-led SpaceX, The Information reported on Wednesday, citing people familiar with the discussions. The funding round is expected to value the rocket maker at about $140 billion, the report added. SpaceX […]

Sharaf Group signs strategic deal with India’s Tanishq

    India’s Tanishq has signed an MoU with Sharaf Group UAE to extend its highly focused value offering in gold and diamond jewellery and utilise Sharaf Group’s retail expertise to drive its already robust growth story in the GCC. The two entities will kickstart this collaboration with the opening of a Tanishq showroom in […]

Dubai records over $544mln in realty transactions on Wednesday

  Dubai real estate market recorded 546 sales transactions worth AED1.41 billion, in addition to 88 mortgage deals of AED479.2 million, and 36 gift deals amounting to AED201.18 million on Wednesday, data released by Dubai’s Land Department (DLD) showed. The sales included 488 villas and apartments worth AED1.18 billion, and 58 land plots worth AED226.73 […]

President of UAE exchanges Ramadan greetings with Arab heads of state

  President His Highness Sheikh Mohamed bin Zayed Al Nahyan today exchanged Ramadan greetings with a number of Arab heads of state. This came over phone calls with King Hamad bin Isa Al Khalifa of Bahrain; King Abdullah II bin Al Hussein of Jordan; Egyptian President Abdul Fatah el-Sisi; and President of Tunisia Kais Saied. […]

UAE astronaut Sultan AlNeyadi now on experiment to explore possibility of making food, medicines in space

UAE astronaut Sultan AlNeyadi, who is now in his third week aboard the International Space Station, is working on a gravity simulator as part of his experiment on space biomanufacturing, the Mohammed in Rashid Space Centre (MBRSC) has tweeted on Wednesday. “This experiment contributes to the advancement of space biomanufacturing, which includes the production of […]