Category: What’s On

Elevision, a leading digital-out-of-home media company in the UAE, has announced a strategic partnership with Dubai Design District , a member of TECOM Group PJSC. This collaboration aims to revolutionise urban digital media within Dubai's creative hub.The agreement entails the installation of advanced digital screens throughout d3's premises, enhancing the district's digital infrastructure. This initiative is designed to provide brands with innovative platforms to engage with a diverse and dynamic audience, reflecting d3's status as a global centre for

The UAE has set a remarkable record, achieving a significant milestone in foreign trade with a total of Dhs3 trillion in 2024. This accomplishment comes as the UAE’s foreign trade expanded by an impressive 14.6 per cent, far outstripping the global trade growth, which only saw a modest 2 per cent increase.This surge in foreign trade marks a continuing trend for the UAE, solidifying its position as a global economic powerhouse. The country has maintained a robust trade environment, driven

Dubai's real estate sector is showing remarkable growth, with off-plan property sales dominating the market. A new report from Engel & Völkers Middle East reveals that off-plan transactions now account for 63 percent of all property sales in 2024, marking a significant increase from 54 percent in 2023. This shift highlights an evolving demand for newly developed properties, driven by a mix of competitive pricing, flexible payment options, and limited availability in the secondary market.The total residential sales in Dubai

DP World, a prominent global leader in end-to-end supply chain solutions, has made history with the launch of the Middle East and North Africa's first-ever corporate Blue Bond listing on Nasdaq Dubai. The $100 million bond, which is part of the company’s $10 billion Global Medium-Term Note Programme, signals a significant milestone in the region’s growing commitment to sustainable finance. The issuance, with a coupon rate of 5.250 percent, matures in 2029, and is the tightest spread ever achieved

The Dubai Chamber of Digital Economy has announced a significant milestone, supporting the establishment and expansion of 1,210 digital startups in Dubai throughout 2024. This achievement marks a 120% increase from the previous year, underscoring Dubai's growing appeal as a hub for digital innovation and entrepreneurship.In addition to fostering startup growth, the chamber has made substantial strides in enhancing local talent. Through the 'Create Apps in Dubai' initiative, 1,333 Emiratis received training in mobile application development, reflecting a 170% increase

Google Maps has a history of modifying place names and borders based on users' locations, particularly during geopolitical disputes. This practice underscores the significant influence that digital cartography holds in shaping public perception of territorial and naming conflicts.In the United States, following an executive order by President Donald Trump, the Gulf of Mexico is set to be renamed the Gulf of America. Google announced that it will update its maps to reflect this change for U.S. users once official government

A shift in recruitment strategies across the Middle East, especially in the UAE and Saudi Arabia, signals a major move towards prioritizing skills over traditional job roles, industry experts say. Companies in these regions are adjusting their hiring approaches to match the rapidly changing demands of modern workplaces and the skills required for innovation.The concept of hiring based on specific skill sets, rather than predefined roles, is gaining traction as employers seek to build agile and versatile teams capable of

Commercial real estate in the UAE represents a dynamic and rapidly growing market segment, encompassing office buildings, shopping centers, and warehouse facilities. Effective management of these properties is vital for ensuring profitability, tenant satisfaction, and maintaining asset liquidity. This process requires a comprehensive approach, including technical maintenance, marketing, lease optimization, and transaction support.Key Aspects of Commercial Property Management Office Building Management. Managing office buildings demands a professional approach, involving:Organizing the maintenance of engineering systems such as air conditioning, heating, and security

Saudi Crown Prince Mohammed bin Salman has pledged to invest at least $600 billion in the United States over the next four years. This commitment was made during a phone call with President Donald Trump, who had previously suggested that Saudi Arabia could be his first foreign destination if the kingdom agreed to purchase $500 billion worth of U.S. products. The two leaders discussed enhancing bilateral cooperation and regional stability, with a focus on economic and security issues.This substantial investment

Youthful, glowing skin is often associated with health, vitality, and confidence. As we age, however, our skin undergoes changes that can make it appear dull, uneven, and less radiant. While these changes are natural, they can affect how we feel about ourselves. For many, the quest to maintain or restore youthful skin leads to exploring advanced cosmetic treatments.Laser treatments for face have emerged as one of the most effective methods for rejuvenating the skin. These procedures address many concerns, from

Dubai-based developer Sobha Realty is set to unveil a range of new projects in the UAE this year, capitalizing on the nation’s property boom. The company’s founder recently confirmed plans to introduce eight to 10 new ventures, collectively valued in the multibillion-dirham range. These upcoming developments come at a time when the UAE’s real estate market has shown significant signs of resilience and growth, despite global economic pressures.Sobha Realty’s expansion strategy goes beyond the UAE, with the company also

Numou, a subsidiary of Abu Dhabi Global Market (ADGM), has significantly expanded its digital lending marketplace by partnering with prominent institutions, including the Khalifa Fund for Enterprise Development and private credit providers such as Credible-X, Klubworks, and NymCard Payment Technologies. This initiative aims to revolutionize financing for small and medium-sized enterprises (SMEs) in the United Arab Emirates (UAE), offering a seamless, fully digital application process that connects businesses directly with suitable lenders.SMEs constitute approximately 94% of all companies in

Hot weather makes keeping a car looking good very important. The intense sun and high temperatures create problems. These pose important challenges for vehicle owners. UV rays rapidly oxidize paint, causing colors to fade as well as surfaces to dull. Heat, furthermore, can worsen minor imperfections like swirl marks as well as scratches, thus increasing their visibility in addition to making them more difficult to fix later.Car polishing protects against ecological damage. Surface imperfections are removed, as well as a

A Dubai court has ordered the former CEO of Drake & Scull International, Khaldoun Al Tabari, alongside a former employee, to pay a staggering $41.3 million in damages. The court ruling follows the company's involvement in financial mismanagement that led to significant losses. Al Tabari and the ex-employee, identified as an unnamed former senior manager, were found guilty of embezzlement and fraudulent practices during their tenure at the firm.Drake & Scull, once a leader in the regional construction industry, has

Dubai's private education sector has achieved a notable milestone, with student enrolment increasing by 6% in the 2024-25 academic year, reaching a total of 387,441 students across 227 private schools. This growth underscores the city's commitment to providing diverse and high-quality educational options to its expanding and diverse population.In alignment with Dubai's Education Strategy E33, which aims to establish at least 100 new private schools by 2033, ten new private schools opened during the 2024-25 academic year. This

Carrefour has officially exited Oman, marking the conclusion of its collaboration with Majid Al Futtaim. This decision follows years of shared operations within the retail market, as the multinational giant, part of the French conglomerate Groupe Carrefour, faced increasing competition and changing dynamics within the regional landscape.Majid Al Futtaim, the operator of Carrefour in the region, has opted to pivot towards a new retail format called Hypermax. This new direction aligns with their strategy to reposition their retail offerings and

Venture capital funding in Saudi Arabia and the UAE has experienced a notable decline, as shifting investor priorities and regional economic trends impact the growth of startups and early-stage businesses in both countries. The drop reflects broader changes in the global investment landscape, marked by a heightened focus on risk-adjusted returns and increased caution in the face of global economic uncertainty.In the past year, venture capital funding in these two Middle Eastern powerhouses has seen a reduction in the volume

Abu Dhabi has introduced a new initiative aimed at easing business setup procedures, creating a more efficient environment for entrepreneurs and investors. The Abu Dhabi Regulatory Authority (ADRA) has been established to streamline business registration processes, offering faster, more transparent services to individuals and companies looking to establish operations in the emirate.ADRA’s formation marks a significant shift in how businesses interact with regulatory bodies, as it consolidates multiple services previously handled by various departments under one umbrella. This new centralized

These days, laptops are such a part of our lives. It has indeed helped in giving us the lead to keep connected, productive and entertained as well. Amongst best-selling reliable and versatile laptops available in the market is HP, which is marked with performance and durability. Despite always having a price tagged when it comes to buying a brand-new HP laptop. This is where refurbished HP laptops at PC Mart Dubai come to the rescue. They give just the right

A significant rise in criminal activities linked to cryptocurrency has become evident as digital assets continue to attract widespread attention. Fraud, hacking, and illicit transactions are taking advantage of the growing market, drawing the focus of law enforcement agencies worldwide. The allure of cryptocurrencies for both investors and criminals has generated a rapidly expanding industry that remains vulnerable to abuse.In 2024, the global cryptocurrency market's value surged to record levels, reaching over $2 trillion. As its popularity grows, so too

AD Ports Group has refinanced and increased its revolving credit facility (RCF) from $1 billion to $2.125 billion, aiming to optimize financing costs by improving interest margins and extending the facility's maturity from 2026 to 2028, with an option to extend further until 2030.The new facility has garnered significant interest from local, regional, European, Asian, and international banks, leading to an oversubscription of over 2.5 times the facility amount.This strategic move is expected to enhance AD Ports Group's

Central banks across the Gulf Cooperation Council (GCC) have reduced key interest rates, mirroring the U.S. Federal Reserve's decision to lower its benchmark rate by 25 basis points (bps). This synchronized monetary policy adjustment underscores the region's commitment to maintaining currency pegs to the U.S. dollar and supporting economic stability.The Federal Reserve decreased the federal funds target rate range to 4.25%–4.5%, signaling a cautious approach to future rate reductions amid stable unemployment and modest inflation improvements. In response, GCC nations,

The United Arab Emirates has unveiled a pioneering system enabling tourists to obtain Value Added Tax (VAT) refunds on e-commerce purchases made during their stay. This initiative, launched by the Federal Tax Authority (FTA) in collaboration with Planet, the authorized operator of the VAT refund scheme, aims to enhance the UAE's appeal as a premier destination for both tourism and online shopping.Under this new system, tourists can request VAT refunds directly through registered e-commerce platforms by providing their travel document

The UAE property market has experienced a significant surge in demand as a growing number of Europeans relocate to Dubai, seeking a dynamic lifestyle and favorable business environment. According to Ali Sajwani, Managing Director of Damac Properties, a leading real estate developer in the region, the shift has been fueled by a combination of factors that make Dubai an increasingly attractive destination for expatriates. These factors include the city's relatively tax-friendly environment, its strategic location, and a high standard of

Dubai Islamic Bank (DIB) is open to acquiring other banks and financial technology (FinTech) businesses as part of its strategy to expand its market presence and strengthen its service offerings. CEO of DIB, Adnan Chilwan, highlighted the bank's interest in further diversifying its portfolio to meet the evolving needs of customers. This approach is in line with DIB’s broader growth strategy, which has already seen significant investments in the digital space.As one of the largest Islamic banks in the UAE,

The United States government has granted approval for the export of advanced artificial intelligence (AI) chips to the United Arab Emirates (UAE), marking a significant development in the global AI hardware market. This decision, part of a strategic agreement with Microsoft, enables the UAE to enhance its technological infrastructure and further its ambitions in the field of AI and data science. The chips in question are designed to support complex machine learning tasks and are considered essential for the continued

Uber Technologies has officially rolled out autonomous ride-hailing services in Abu Dhabi in collaboration with WeRide, a leading autonomous vehicle technology firm. This strategic partnership marks a significant step forward in integrating autonomous mobility solutions within the region, leveraging WeRide’s advanced autonomous vehicle systems on Uber's platform.WeRide, recognized for operating the largest autonomous fleet in the UAE through its TXAI app, secured national authorization in 2023 to operate self-driving cars on public roads. This regulatory groundwork enabled the

Madinat Jumeirah will host a magical Christmas Market from December 6 to December 31, transforming Fort Island into a picturesque winter wonderland. The iconic Dubai destination will offer a unique festive experience, attracting visitors of all ages. From twinkling lights to festive food stalls, the market promises to deliver an enchanting atmosphere.Visitors can enjoy the market's array of seasonal activities, starting daily from 3 PM on weekdays and noon on weekends. Open until late, the market invites guests to explore

An important component in many industries is stainless steel screws and fasteners. Their advantages include high strength, corrosion resistance and possibility to operate at elevated temperatures. All fasteners, including hex bolts, nuts and other fastening components, have different kinds of threads; fasteners are fitted with threads and the external threading types determine how these fasteners will perform with given bolts or nuts. Therefore, reliability and performance of the fastening system is determined by the type of thread which is chosen.

Saudi Arabia is advancing its healthcare framework through a strategic partnership with China's BGI Genomics, a globally recognized leader in biotechnology. This collaboration is set to focus on transformative healthcare solutions, including advanced genetic research, infectious disease management, and early cancer detection. This development aligns with Saudi Vision 2030, which emphasizes healthcare modernization and increased investment in precision medicine.The agreement between BGI Genomics and Saudi Arabia's Public Health Authority entails leveraging cutting-edge technologies to bolster public health. The collaboration will

Abu Dhabi Investment Group is set to deploy a significant $100 billion in Brazil’s economy, marking a major step in the strengthening of bilateral economic ties between the UAE and Latin America’s largest economy. The announcement, made in late November 2024, highlights the UAE's growing investment interests in Brazil, underscoring the nation’s desire to diversify its portfolio globally.The planned investments span a range of sectors, with the bulk directed towards infrastructure, energy, and technology. This deal signals not only a

Operations at the London office of a hedge fund tied to a prominent figure in Iran's oil sector are set to wind down amid ongoing regulatory scrutiny and shifting geopolitical landscapes. The decision marks a significant development in the financial hub's interactions with entities linked to sanctioned economies, underscoring broader challenges in managing global compliance and transparency in investment sectors.The hedge fund, associated with a businessman known for his influential role in Iran's energy industry, has faced mounting

Emirates REIT, the first Sharia-compliant real estate investment trust in the UAE, is moving toward significant financial restructuring as it evaluates refinancing or issuing new sukuk by the close of 2024. This development comes amidst the company's strategy to optimize its capital structure and strengthen its financial position.The REIT currently has a $380 million secured sukuk, which has been a focus of its ongoing efforts to reduce leverage. The firm has already executed partial redemptions earlier this year, signaling

Dubai's real estate sector has seen a remarkable uptick in both existing and off-plan property transactions during October 2024, showcasing the market's resilience and growing investor confidence. Data reveals that the emirate continues to captivate both local and international buyers, driven by its robust economy, dynamic development projects, and strategic initiatives aimed at diversifying its financial landscape.Figures from the Dubai Land Department (DLD) indicate that property transactions across the emirate soared, with notable activity across both the residential and commercial