Economy UAE

Mubadala Leads $250 Million Series C Funding Round for Moove

News Editor 05/08/2026

Photo Credit : WAM Mubadala Investment Company has led a $250 million Series C funding round for global mobility company Moove, valuing the business at $2.1 billion as it prepares to expand its autonomous vehicle operations worldwide. The investment round was co-led by Woven Capital, Toyota’s

Automotive

Saeed Juma Al Naboodah Group Opens First Dedicated MAXUS Showroom in Dubai

News Editor 04/08/2026

Dubai, UAE: The Saeed Juma Al Naboodah Group inaugurated the first dedicated MAXUS showroom in Deira, Dubai, introducing a dedicated facility for the brand’s growing range of passenger and commercial vehicles in the UAE. The opening ceremony was attended by members of the Al Naboodah family, senior management of the Group, key customers, influencers and […]

Economy

DIFC Updates Regulations to Expand Access to Special Purpose Vehicles

News Editor 04/08/2026

Photo Credit : WAM Dubai International Financial Centre (DIFC) has introduced updated Prescribed Company Regulations, expanding access to its Special Purpose Vehicle structure and simplifying the process for businesses and investors. Prescribed Companies, known as PCs, are DIFC’s equivalent of Special Purpose Vehicles. They are commonly used for holding assets, managing

Economy

UAE Ministry of Finance Adds Aani and Jaywan for Federal Payments

News Editor 04/08/2026

Photo Credit : WAM The UAE Ministry of Finance has introduced Aani and Jaywan as new payment channels for federal service fees and fines, becoming the first federal government entity to implement the initiative. The decision follows Cabinet Resolution No. 176M/4M of 2026, which approved the adoption of both national payment systems and outlined the […]

Economy

ADNOC, SLB Roll Out AI Platform Across More Than 120 Drilling Rigs

News Editor 04/08/2026

Photo Credit : WAM ADNOC, in partnership with global energy technology company SLB, has deployed an artificial intelligence-powered Real-Time Operations Centre platform across more than 120 drilling rigs operating at its onshore and offshore assets. The platform, known as RTOC, brings live drilling information into one central environment, allowing engineering, business

News UAE

Dubai Founders HQ and Mastercard launch finance solution for startups and SMEs

News Editor 03/08/2026

Dubai Founders HQ has partnered with Mastercard, with support from Pemo, to introduce a new financial solution aimed at helping startups and small and medium-sized enterprises reduce costs, improve cash flow and manage business expenses more efficiently. Eligible companies can access more than AED10,000 in first-year benefits. The package includes up to 2 percent cashback

Banking

Emirates NBD Egypt to acquire HSBC Egypt’s retail banking business

News Editor 03/08/2026

Photo Credit : WAM Emirates NBD Egypt has entered into definitive agreements to acquire the retail banking business of HSBC Bank Egypt, in a move aimed at strengthening its position in the country’s banking sector. Emirates NBD Egypt is a wholly owned subsidiary of Emirates NBD Bank, while HSBC Bank Egypt is indirectly owned by […]

UAE Weather

NCM forecasts rain and dusty conditions across parts of UAE until Friday

News Editor 03/08/2026

Photo Credit : NCM The National Centre of Meteorology (NCM) has forecast the formation of local convective clouds over parts of the UAE’s eastern and southern regions from Monday, August 3, until Friday, August 7. The clouds are expected to develop mainly during the afternoon and may bring rainfall of varying intensity to some areas. […]

Real Estate

ADGM Activates Broker Classification Framework to Raise Real Estate Standards

News Editor 31/07/2026

Photo Credit : WAM The Registration Authority of ADGM has activated its Broker Classification Framework, aimed at improving professional standards and recognising high-performing real estate brokers operating within Abu Dhabi’s international financial centre. The framework assesses brokers through a structured set of criteria, including transaction activity, ongoing

News UAE

UAE Announces Petrol and Diesel Prices for August 2026

News Editor 31/07/2026

The UAE Fuel Price Committee has announced the retail prices of petrol and diesel for August 2026, introducing limited adjustments in response to movements in global energy markets. Under the revised pricing structure, diesel will cost AED 3.80 per litre, while Super 98 petrol has been set at AED 3.60 per litre. Special 95 petrol […]

News UAE

UAE Ministry of Interior Tests National Emergency Readiness in ‘Al Hosn’ Exercise

News Editor 31/07/2026

Photo Credit : WAM The UAE Ministry of Interior has conducted the 2026 strategic tabletop exercise “Al Hosn (15/3)” to assess national preparedness and strengthen the country’s emergency response capabilities. The exercise was organised by the ministry’s Federal Central Operations Department at the Dubai Police Officers Club. It brought together police general headquarters

News UAE

Sharjah Police inspect 200 fishermen’s trailers in road safety campaign

News Editor 30/07/2026

Photo Credit : WAM Sharjah Police has launched a two-day inspection campaign targeting trailers used by local fishermen, reinforcing efforts to improve road safety and promote regular vehicle maintenance. The initiative is being carried out in cooperation with the Sharjah Fishing Cooperative Society and with the participation of strategic partner Tasjeel – ENOC at the […]

Energy UAE

ADNOC Drilling posts record first-half 2026 revenue and profit as OFS growth accelerates

News Editor 30/07/2026

Photo Credit : WAM ADNOC Drilling has reported record financial results for the first half of 2026, driven by continued expansion in its Oilfield Services (OFS) business, strong operational execution and a highly contracted revenue base that continues to provide long-term earnings visibility. The company posted first-half revenue of $2.46 billion, marking a 4 percent […]

Business UAE

DAE posts $229.9m H1 pre-tax profit as revenue and liquidity strengthen

News Editor 30/07/2026

Photo Credit: WAM Dubai Aerospace Enterprise (DAE) reported solid financial results for the first half of 2026, with higher revenue, improved profitability and stronger liquidity, while advancing major strategic investments to expand its global aircraft leasing business. The company posted revenue of $865.9 million for the six months ended June 30, 2026, up from $843.6

Business Markets

Dubai Investments Takes Full Ownership of Clemenceau Medical Centre Dubai

News Editor 29/07/2026

Photo Credit : WAM Dubai Investments has increased its ownership of Clemenceau Medical Centre Dubai to 100 percent after completing the acquisition of the remaining 80 percent stake in the healthcare facility. The transaction was carried out through Dubai Investments Industries, a wholly owned subsidiary of Dubai Investments. CMC Dubai, in which the group previously […]

Economy

DAE Completes $9 Billion Acquisition of Macquarie AirFinance

News Editor 29/07/2026

Dubai Aerospace Enterprise (DAE) Ltd has completed its acquisition of Macquarie AirFinance Limited and its consolidated subsidiaries, strengthening its position among the world’s largest aircraft leasing companies. The Dubai-based aviation services company confirmed on Wednesday that it had acquired 100 percent of Macquarie AirFinance’s outstanding share capital. The

Economy

ADNOC Distribution Launches Engage Retail Advertising Platform in UAE

News Editor 29/07/2026

Photo Credit: WAM ADNOC Distribution has launched Engage by ADNOC, a retail media network that allows brands to reach customers across the company’s mobility, convenience retail and digital channels. The platform is described as the UAE’s first full-funnel retail media network operated by a mobility and convenience retailer. It combines digital and physical advertising

Aviation

UAE airline power bank rules: What passengers need to know before flying

News Editor 28/07/2026

Passengers travelling with Emirates, Etihad Airways, flydubai or Air Arabia are being urged to check their power bank before heading to the airport, as UAE airlines enforce strict restrictions on carrying and using portable chargers onboard. The safety risk was highlighted again on July 24, when a power bank reportedly caught fire inside a passenger’s […]

Energy

Masdar, EPCG Advance 2GW Montenegro Renewable Energy Partnership

News Editor 28/07/2026

Photo Credit : WAM Abu Dhabi Future Energy Company, Masdar, and Montenegro’s national power utility Elektroprivreda Crne Gore have moved their renewable energy partnership into the project execution stage, signing agreements for 150 megawatts of solar power and the potential development of more than 400MW of pumped hydro energy storage. The projects will be developed […]

Business

Dubai Unveils 2026-27 Promotional Roadmap, Electronics Festival Planned for 2027

News Editor 28/07/2026

Photo Credit : WAM Dubai’s Department of Economy and Tourism has outlined an expanded promotional roadmap for 2026 and 2027, bringing together retail, tourism, hospitality and entertainment initiatives to support year-round economic growth. The roadmap was presented during the Dubai Promotions Impact forum, hosted by the Indian Business and Professional Council Dubai on