UAE

NEWS DESK

Emirates Development Bank delivers record increase in industrial GDP impact

News Desk 1 04/04/2024

Emirates Development Bank (‘EDB’ or the ‘Bank), the key financial engine of economic development and industrial advancement in the UAE, has unveiled a record increase in total financing since the launch of EDB’s strategy in 2021 to AED 10.4 billion, bringing its cumulative contribution to the

NEWS DESK

UAE solidifies position as a top global investment hub

News Desk 1 04/04/2024

In an impressive testament to its economic strategy, the United Arab Emirates has made a significant leap to the 8th position on Kearney’s 2024 Foreign Direct Investment Confidence Index® (FDICI), up from 18th place in 2023, and now stands 2nd on the Emerging Market Index after China. The FDICI, now in its 26th iteration, continues […]

NEWS DESK

Prominent Hong Kong Higher Education Delegation to Visit UAE

News Desk 1 04/04/2024

A high-level delegation from The Hong Kong University of Science and Technology (HKUST) – a world-class research-intensive university that focuses on science, engineering, business, as well as humanities and social science, will visit the UAE from April 15th – 18th 2024. Led by the University President, the delegation aims to establish relationships with the UAE’s

NEWS DESK

Statevolt to Launch a $3.2 Billion State-of-the-Art Battery Gigafactory in Ras Al Khaimah

News Desk 1 04/04/2024

Statevolt, a global leader in green industrialization, is today announcing its plans to construct a new state-of-the-art, technology-agnostic battery cell Gigafactory in Ras Al Khaimah, UAE. With a capital expenditure of $3.2 billion (USD), Statevolt Emirates, as the UAE venture will be known, will mark a significant milestone in advancing technological innovation in the

NEWS DESK

Fitch affirms Emirates Development Bank’s ‘AA-‘ credit rating with a stable outlook

News Desk 1 03/04/2024

Fitch Ratings has affirmed Emirates Development Bank’s (“EDB” or “the Bank”) at ‘AA-‘credit rating, demonstrating the Bank’s strong creditworthiness due to its strategic importance to the UAE’s national agenda. The rating also comes with a ‘stable’ outlook, indicating confidence in EDB’s long-term ability to maintain its financial stability. In its report, Fitch Ratings

NEWS DESK

Zayed University expands academic offering for the new academic year

News Desk 1 03/04/2024

Zayed University (“ZU”) has announced a major expansion of its academic offering starting this Fall, in line with the UAE’s national agenda. The additional programs, scheduled to commence at the beginning of the next academic year, encompass a wide range of disciplines, showcasing ZU’s commitment to enhancing its offerings in priority sectors identified

Events UAE

Al Haramain Group Hosts Iftar For 5,000 People In Ajman

News Desk 1 03/04/2024 0

Group Subsidiary Exports Perfumes To 70 Countries Al Haramain Group, a leading fragrance manufacturer based in Ajman in the United Arab Emirates, recently hosted one of the most significant Ramadan iftar events ever held in the UAE in 2024. Held outdoors at the group’s commercial premises in Ajman emirate, the event was attended by 5,000 […]

NEWS DESK

Microsoft Surface Innovation Hub launched at Redington Office in UAE

News Desk 1 02/04/2024

Microsoft, in collaboration with leading technology distributor Redington, proudly inaugurated the Microsoft Surface Innovation Hub at Redington HQ in Dubai. With an emphasis on collaboration, the Microsoft Surface Innovation Hub at Redington is positioned as a hub for decision makers to explore and experience the power of Surface and see how it can be integrated […]

Space

MBRSC And HCT Unveil Cubesat Collaboration

Arnold Pinto 02/04/2024 0

HCT-SAT Is Due For Launch By Yearend The Dubai-headquartered Mohammed Bin Rashid Space Centre (MBRSC) and the Dubai-based Higher Colleges of Technology (HCT) have begun work on their HCT-SAT 1 Earth-observation CubeSat project. Cubesats are miniature satellites used exclusively in Low Earth Orbit (LEO). HCT students from diverse academic backgrounds are currently stationed

NEWS DESK

Applications open in UAE for Visa Everywhere Initiative

News Desk 1 01/04/2024

Applications are now open in UAE for the Central and Eastern Europe, Middle East and Africa (CEMEA) edition of the 2024 Visa Everywhere Initiative (VEI), a global open innovation program and competition that sees fintech startups pitch their solutions to solve tomorrow’s payment and commerce challenges. In addition to equity-free funding, VEI winners gain access […]

NEWS DESK

Azizi Developments’ Creek Views II reaches 99% construction completion milestone

News Desk 1 01/04/2024

Azizi Developments, a leading private developer in the UAE, announced the 99% construction completion of Creek Views II, the developer’s AED 350 million luxury development on the shores of the iconic Dubai Creek in Dubai Healthcare City scheduled for handover in Q1 2024. Creek Views II’s unique design represents Dubai’s journey from its traditional past […]

NEWS DESK

RIBAMBELLE A Family Paradise Set to Open in the Heart of Bluewater’s Island

News Desk 1 01/04/2024

Once upon a time, in the heart of Bluewater’s Island, a magical realm known as RIBAMBELLE awaited its grand opening this April. Bringing a novel concept to the UAE, the charming wonderland is a delightful blend of exquisite dining and family entertainment, set to cast a spell on those looking for a magical experience. Nestled […]

NEWS DESK

Golden Debut: UAE’s Fifth-Gen Jeweller Unveils Dubai’s First 24 Karat Gold Note

News Desk 1 01/04/2024

Dian Jewellery, teaming up with Finmet DMCC and Valaurum, is excited to unveil Dubai’s very first 24K gold note souvenir, paying homage to the beloved tradition of gold in Emirati culture. Each note has 0.1 grams of 24 karat gold inside it and showcases the captivating beauty of Dubai’s skyline and landmarks, distinguished by a […]

NEWS DESK

Azizi Developments sponsors 28th Dubai World Cup for 7th consecutive year

News Desk 1 31/03/2024

Azizi Developments, a leading private developer in the UAE, has once again sponsored the Dubai World Cup, now for the 7th consecutive year. It’s race, the $1.5 million 1,200-meter G1 Al Quoz Sprint, has been sponsored by the developer since 2007. In 2023, the Al Quoz Sprint was won by the Musabbeh Al Mheiri-trained Danyah. […]

Blockchain & Cryptocurrency Business UAE

Fasset Unveils Its Digital Asset Exchange App In UAE

Arnold Pinto 31/03/2024 0

UAE Is Fintech Startup’s Second Global Market Dubai-headquartered fintech startup Fasset has launched its digital asset exchange app and made it accessible to UAE-based users. The launch follows Fasset’s attainment of a Virtual Asset Service Provider (VASP) licence from Dubai’s Virtual Asset Regulatory Authority (VARA) in November 2023, positioning the startup as one

NEWS DESK

Economic Integration Committee discusses plan to introduce golden license

News Desk 1 28/03/2024

The Economic Integration Committee held its second meeting of the year 2024 under the chairmanship of H.E. Abdulla bin Touq Al Marri, Minister of Economy. The meeting was attended by H.E. Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and representatives of the local economic development departments from across the UAE. […]

NEWS DESK

MBRF moves towards sustainable progress, achieves remarkable milestones

News Desk 1 27/03/2024

Since the dawn of the 21st century, technology has emerged as a pivotal force in sculpting humanity’s future and advancing sustainable progress on a global scale. It has propelled societies forward, enabling exceptional achievements previously deemed unattainable. The advent of the World Wide Web has further democratized access to technological tools, resulting in a

NEWS DESK

Azizi Developments donates AED 600 million to the Mother’s Endowment Campaign

News Desk 1 27/03/2024

Azizi Developments, a leading private developer in the UAE, has donated AED 600 million to the newly established Mother’s Endowment under the Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI). At a special event held on Monday, the 25the of March 2024, Azizi Developments’ Founder and Chairman, Mr. Mirwais Azizi, Azizi’s CEO, Mr. Farhad Azizi, […]

NEWS DESK

HUAWEI nova 12 Series Launches in the UAE with Ultra Slim Design, Powerful Selfie Cameras

News Desk 1 27/03/2024

Huawei has recently announced a new line-up of the flagship HUAWEI nova 12 Series, which breaks ground with new selfie innovations and focuses on packing high-performance within slim yet stylish designs. Designed for the fashion-forward and tech-savvy, the nova 12 Series carries the hallmarks of the nova Series — ultra-thin design, shimmering Star Orbit Ring, […]

NEWS DESK

Ramadan in Japan and the UAE: A Culinary Fusion at Sumo Sushi & Bento

News Desk 1 27/03/2024

In the Land of the Rising Sun, where Shintoism and Buddhism are the main spiritual guides, the Islamic holy month of Ramadan shines as a beacon of cultural harmony, observed by a vibrant Muslim community. This spirit of unity and tradition transcends continents, finding a home in the UAE through the innovative culinary offerings of […]