Abu Dhabi cloud kitchen start-up The Cloud raises $10mln

UAE-based cloud kitchen start-up, The Cloud, has secured $10 million in a new funding round led by a consortium of venture investors. The Cloud is a B2B2C kitchen platform where food businesses can leverage their excess capacity by hosting third party restaurants. The investment, led by Middle East Venture Partners (MEVP) and Olayan Financing Company, […]

Bahrain and UAE review security co-ordination

  Public Security chief Lieutenant General Tariq Al Hassan chaired the Interior Ministry’s delegation at the meeting of the Supreme Security Committee of Bahrain and the UAE in Abu Dhabi yesterday. The UAE delegation was chaired by its Interior Ministry Under-Secretary Major General Khalifa bin Harib Al Khaili. Lt Gen Al Hassan said directives by […]

FAB to finance Middle East sustainable projects with $75bln by 2030

First Abu Dhabi Bank (FAB) plans to endorse sustainable development projects across the Middle East with financing worth $75 billion by 2030, Ahram Gate cited Shargiil Bashir, Chief Sustainability Officer at FAB. Bashir pointed out that FAB already financed projects worth $30 billion that serve sustainable development in the fields of solar energy, aviation, transportation, […]

Air Arabia Abu Dhabi marks its one millionth passenger

  Air Arabia Abu Dhabi, the UAE capital’s first low-cost carrier, today marks a major milestone as it celebrates its first millionth passenger at Abu Dhabi International Airport since it launched its operation in July 2020. Having recently celebrated its second successful year of operations, Air Arabia Abu Dhabi has flown 1,000,000 passengers on over […]

Food around the UAE: Six places to try on September 13

  Ladies, if you want an unrivaled night out with your BFFs, try Seven Sisters on the first level of the JW Marriott Marquis. There’s an enticing Ladies Night offer priced at Dh100 (7-10pm) and Dh120 (10pm-1am) for a dish from the Nikkei Fusion Menu as well as unlimited beverages for three hours. Expect a […]

Dubai’s Salik sets IPO offer price at $0.54

Dubai’s toll-gate operator Salik on Tuesday announced the final price for its IPO at AED2 ($0.54) per share, and could potentially raise AED3 billion in the float, an advertisement carried in the local media showed. The IPO, which opens for subscription today, will offer 1.5 billion shares, which represents 20% of the company’s equity capital. Salik, […]

Abu Dhabi fund ADQ is pivotal to emirate’s domestic and foreign agenda

ADQ, Abu Dhabi’s newest sovereign fund, has a remit to reshape the emirate’s economy and is key to the oil exporter’s diplomatic ambitions, according to industry experts. While the Abu Dhabi Investment Authority (ADIA) focuses almost exclusively on long-term financial returns, ADQ and Mubadala, another Abu Dhabi sovereign fund, have broader objectives, according to Steffen […]

Mubadala raises price to acquire control of Brazil’s Burger King brand owner

SAO PAULO – Brazil’s Zamp SA said on Monday that Mubadala Capital LLC raised the price of a tender offer to acquire control of the company to 1.03 billion reais ($200.91 million). Mubadala’s new offer is for 8.31 reais ($1.62) per share, from the previous price of 7.55 reais per share, which had prompted the board […]

Abu Dhabi hosts the UAE-Bulgarian Business Forum

  The UAE-Bulgarian Business Forum, organised by Abu Dhabi Chamber of Commerce and Industry (ADCCI), concluded its activities which were held in Abu Dhabi. The Forum emphasised the importance of enhancing bilateral relations, and setting new strategic frameworks that drive economic partnerships by stimulating investment in a number of vital sectors. The Forum was held […]

Pak floods: Emergency relief appeal launched in UAE to help victims

Pakistan Association Dubai (PAD) has launched a campaign in the UAE to raise donations for flood victims in Pakistan. Launched in cooperation with Dar Al Ber Society and the Department of Islamic Affairs and Charitable Activities, the UAE residents can donate tents, mattresses, beds, sleeping bags; blankets, bedding, sheets, mosquito nets; dry rations such as […]