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EANAN inks Memorandum of Understanding (MOU) with University of Dubai, Xi’an Jiaotong University and Zhuji SRJ Materials Laboratory to foster international cooperation in applied sciences

DUBAI, UAE – EQS Newswire – 2 July 2024 – EANAN Al Samma (https://EANAN.ae/), a UAE-based technology company leading the next evolutionary step in transportation through advanced air mobility (AAM), has signed a memorandum of understanding (MOU) with the University of Dubai (UD), Xi’an Jiaotong University (XJTU) and Zhuji SRJL Materials Laboratory to foster international cooperation in applied sciences and expand the dissemination of academic and research […]

Former Shuaa Shareholder and Auditors Remain Accountable for 2023 Discrepancies

Dubai-listed Shuaa Capital, a leading investment and financial services company in the region, is likely to hold its former largest shareholder and its auditors accountable for discrepancies identified in the company’s 2023 financial statements. The news comes after Shuaa disclosed significant errors in its 2023 financial reporting, prompting an investigation by the company’s board of directors. The investigation revealed that certain accounting practices by the former majority […]

Masdar Vies for Brookfield’s Spanish Renewables Portfolio

Arabian Post Staff -Dubai Masdar, a clean energy company from the United Arab Emirates, has emerged as a contender in the race to acquire Saeta Yield, the Spanish renewables unit of Brookfield, a Canadian asset manager. The news comes from a report published by Spanish newspaper Cinco Dias on Friday, citing unnamed financial sources. According to the report, Saeta Yield is estimated to be valued at €1. […]

Tradewind Finance Pays Tribute to Customers on MSME Day

HONG KONG SAR – Media OutReach Newswire – 27 June 2024 – This MSME Day, Tradewind Finance, a global trade finance provider, is celebrating the thousands of SME customers it has served over the years with reliable capital to grow and thrive. Dubbed the “backbone” of economies, micro, small and medium-sized enterprises (MSMEs) make up 90% of businesses globally and account for over 70% of jobs worldwide, […]

Abu Dhabi Expands Crypto Embrace as Nomura’s Laser Digital Lands License

Nomura, a leading Japanese investment bank, has scored another win in its cryptocurrency ambitions after its digital asset unit, Laser Digital, secured a license from Abu Dhabi. This regulatory approval from the Financial Services Regulatory Authority (FSRA) permits Laser Digital to provide brokerage services for both traditional and digital assets, solidifying Abu Dhabi’s position as a burgeoning hub for crypto businesses. The license, officially a Financial Services […]

Kingdom Claims Podium Position in Gulf’s Energy Transition Race

A recent report by the World Economic Forum (WEF) positions Saudi Arabia as a frontrunner in the Gulf Cooperation Council’s (GCC) transition towards a clean energy future. The “Fostering Effective Energy Transition 2024” evaluated 120 countries based on their energy systems’ performance across four key dimensions:environmental sustainability, energy security, equity, and transition readiness. Saudi Arabia secured the 58th position globally, boasting an Energy Transition Index (ETI) score […]

Wind Power Drives UAE’s Clean Energy Ambitions with China’s Help

The United Arab Emirates (UAE) is taking a significant stride towards its ambitious clean energy goals with the successful completion of its first large-scale wind farm project. This landmark achievement, constructed by PowerChina, a leading participant in China’s Belt and Road Initiative (BRI), is not only delivering renewable energy but also fostering knowledge transfer and sustainable development practices. The UAE Wind Program, located at the crossroads of […]

Dubai becomes the world metropolis for artificial intelligence

One million people will be trained with AI within three years By 2031, 40% of GDP is to be generated with AI Global giants such as Microsoft, Google, and IBM are at the start DUBAI, UAE – Newsaktuell – 14 June 2024 – Dubai is increasingly becoming a global center for artificial intelligence. To this end, the metropolis of the day after tomorrow on the Gulf has […]

Samsung Unveils New 2024 Odyssey OLED, Smart Monitor and ViewFinity Lineups in Singapore

Latest Odyssey OLED G8 is the first flat 32″ Samsung OLED gaming monitor with 4K resolution, 16:9 aspect ratio, AI and burn-in prevention capabilities New AI features bring enhanced entertainment to Smart Monitor M8, while the new ViewFinity models maximise creativity and ease of use to enable more efficient workplaces Experience the 2024 Odyssey OLED gaming monitor line-up at The Odyssey Never Stops pop-up at Marina Bay […]

Property developers raise US$4.3 bn in debt issuance

By Saifur Rahman Property developers in the UAE and the GCC countries have raised US$4.3 billion (Dh15.48 billion) utilising debt market instruments such as bonds and Islamic sukuks to fund existing and future real estate projects, according to latest announcements. These include the successful closure of the latest US$400 million (Dh1.46 billion) sukuk issuance by Arada Developments LLC, a Sharjah-based developer of mixed-use communities, that was oversubscribed […]

London Square’s spectacular showcase at Rosewood Hong Kong provides a dazzling view of its UK new homes

HONG KONG SAR – Media OutReach Newswire – 11 June 2024 – Leading UK residential developer London Square, renowned for creating some of the most striking new homes in London, unveiled an exciting showcase of current and future new developments at Rosewood Hong Kong last week. Nearly 200 people attended the prestigious exhibition Nearly 200 people attended the prestigious exhibition – the first time Rosewood Hong Kong […]

Jollibee Named Among Top 10 Brands in Kuwait for Customer Satisfaction

KUWAIT CITY, KUWAIT – Media OutReach Newswire – 11 June 2024 – Beloved restaurant brand Jollibee has been recognized as one of the Top 10 Brands for Customer Satisfaction in Kuwait by the 2023 Service Hero Customer Satisfaction Index (CSI) Awards. Warm, joyful service. Jollibee earned another triumph with its recent inclusion in the Top 10 brands for customer satisfaction in Kuwait. The awards program by Service […]

Next Week Could Mark A Make Or Break For Netanyahu’s Political Future

Pump Prices Down for June

Motorists in the United Arab Emirates can expect to pay less at the pump this June as the country’s Fuel Price Committee unveiled a decrease in petrol and diesel prices. The reduction comes after a month of relatively stable oil prices, with Brent crude averaging around $83. 5 a barrel in May, down from $88. 79 in April. The biggest price drop is for Super 98 petrol, […]

VinFast signs UAE exclusive dealership agreement with Al Tayer Motors

HANOI, VIETNAM – Media OutReach Newswire – 27 May 2024 – VinFast Auto has officially signed an exclusive dealership agreement with one of the UAE’s premier automotive dealerships, Al Tayer Motors, for the distribution of VinFast electric vehicles (EV) in the country. The inaugural facility is planned to open in 2024 and will initially retail four VinFast e-SUV models, VF 6, VF 7, VF 8, and VF […]

UAE Extends $10 Billion Lifeline to Pakistan’s Economy

The United Arab Emirates (UAE) announced a significant economic boost for Pakistan with the allocation of $10 billion for investment in promising sectors. The news follows a working visit by Pakistan’s Prime Minister, Shehbaz Sharif, to the UAE, where he held talks with President His Highness Sheikh Mohamed bin Zayed Al Nahyan. This financial injection is expected to provide a much-needed shot in the arm for Pakistan’s […]

UAE President Recognizes World Leaders for COP28 Achievements

In a ceremony today, His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, awarded the First Class Order of Zayed II to various international dignitaries. These awards acknowledged their significant contributions to the fruitful outcome of the 28th Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change (UNFCCC). COP28, hosted by the UAE in Abu Dhabi earlier […]

Dubai’s Property Market Stable, Abu Dhabi Poised for Residential Sales Surge

A recent report by Asteco, a real estate consultancy firm, paints a positive picture for the United Arab Emirates’ property market. The report highlights the continued strength of Dubai’s real estate market and the promising growth potential in Abu Dhabi’s residential sales sector. Dubai’s property market has demonstrated resilience according to the Asteco Q1 2024 report. This stability is attributed to the emirate’s robust economic performance and […]

Genting Eyes Integrated Resort Opportunity in UAE’s Potential Gaming Market

Arabian Post Staff – Genting Group, a Malaysian conglomerate known for its large-scale resorts and casinos, has expressed interest in developing integrated resorts (IRs) in the United Arab Emirates (UAE). This comes as the UAE considers legalizing gambling, a significant shift for the region. Lim Kok Thay, Genting Group’s chairman, revealed the company’s openness to this possibility during the recent Genting Singapore annual general meeting. While responding […]

BioCair Celebrates 10th Anniversary

SINGAPORE – Media OutReach Newswire – 17 May 2024 – BioCair, Singapore’s leading non-toxic air and surface disinfectant brand, is excited to celebrate its 10th anniversary of protecting families from harmful germs. Marking a decade of dedication, BioCair reaffirms its commitment to offering safe, non-toxic solutions for safeguarding health and well-being, emphasising its continued focus on shielding its valued customers from harmful pathogens. BioCair Celebrates 10 Years […]

Ras Al Khaimah Embraces Crypto with Tether-RAKDAO Alliance

The emirate of Ras Al Khaimah in the United Arab Emirates is poised for a surge in cryptocurrency adoption thanks to a new collaboration between Tether, the world’s largest stablecoin issuer, and RAK Digital Assets Oasis (RAK DAO). This strategic partnership aims to propel the use of Bitcoin and stablecoins within the region through educational initiatives and fostering a crypto-friendly environment. Tether, the company behind the USDT […]

Make-A-Wish International Chooses Abu Dhabi for Global Summit

The Emirati capital of Abu Dhabi will be the stage for Make-A-Wish International’s upcoming annual conference, the “Global Wish” summit. The event, scheduled for June 3rd and 4th of 2025, is a significant win for the city, solidifying its growing reputation as a hub for global humanitarian efforts. The news was met with enthusiasm from Sheikha Sheikha bint Saif Al Nahyan, the honorary president of the Make-A-Wish […]

Strategies for Succeeding in Online Trading Within the UAE’s Evolving Digital Economy

The landscape of online trading in UAE has been transformed by the rapid evolution of the digital economy. This region has emerged as a hub for financial technology, driven by robust regulatory frameworks and advanced technological infrastructure. For forex traders who navigate this market, understanding the unique aspects of the UAE’s trading environment is crucial for success. Key Factors Influencing Online Trading in the UAE Regulatory Environment […]

Trio for Transformation: UAE, Azerbaijan, and Brazil Join Forces to Combat Climate Change

The United Arab Emirates (UAE), which holds the presidency of the upcoming Conference of the Parties (COP28) on climate change, has announced a significant collaboration with Azerbaijan and Brazil, the future hosts of COP29 and COP30 respectively. This “troika” initiative aims to solidify international efforts in achieving the critical goal of limiting global warming to 1.5 degrees Celsius (°C). The urgency of this mission stems from the […]