Elon Musk has been catapulted further into the realm of power with the recent victory of Donald Trump in the 2024 US presidential elections. And his influence and closeness to power were very much elucidated by a recent report that claimed that Musk was a party to an official call between the US president-elect, Donald […]
ABU DHABI: The Federal Tax Authority (FTA) announced that a new Decision has been issued to support businesses in efficiently meeting their tax obligations, offering a grace period for tax registrants who have fallen behind on updating their tax records for the period from January 1, 2024 until March 31, 2025. The initiative allows violators […]
ABU DHABI: His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, recently met with Microsoft Vice Chairman and President, Brad Smith, during the UAE Government Annual Meetings 2024. This meeting centered on expanding collaboration in advanced technologies, particularly Artificial Intelligence (AI), to foster sustainable development and digital innovation. The discussions […]
ABU DHABI: ADNOC has awarded a $490 million (AED 1.79 billion) contract to BGP Inc., a subsidiary of China National Petroleum Company (CNPC), to expand its massive 3D seismic survey in Abu Dhabi. This project, already the world’s largest of its kind, spans both onshore and offshore areas, and the new phase will focus on […]
Abu Dhabi: Burjeel Holdings PLC (“Burjeel” or “the Group”), a leading super-specialty healthcare services provider in MENA listed on the Abu Dhabi Securities Exchange (SYMBOL: BURJEEL; ISIN: AEE01119B224), announced its financial results in accordance with International Financial Reporting Standards (IFRS) for the three-month and nine-month periods ended 30 September 2024. Continued Execution on Growth Strategy […]
Abu Dhabi: Lulu Retail announced the resounding success of its IPO, which closed on 5th November 2024. Lulu IPO was 25 times oversubscribed across all tranches, excluding cornerstone investors, generating a demand of more than US$ 37 billion, a record for a Private sector IPO in UAE. The final offer price for Lulu shares was […]
DUBAI: The Dubai Financial Services Authority (DFSA) has issued a Decision Notice against Vedas International Marketing Management (Vedas Marketing) for conducting unauthorized and deceptive financial promotions linked to the Multibank Group. The DFSA has imposed a fine of USD 100,000 (approximately AED 367,000) on Vedas Marketing for two primary reasons. Firstly, Vedas Marketing promoted financial […]
ABU DHABI: India’s Minister of Petroleum has underscored the prominent leadership role of UAE in the global energy sector, recognizing it as a leading producer in vital energy resources. The UAE has made remarkable progress in its energy transition efforts and is particularly noted for its advancements in green hydrogen production and management of critical […]
ABU DHABI: The Abu Dhabi Chamber of Commerce and Industry has reinforced its commitment to driving innovation and sustainable practices within the emirate’s private sector. Recognizing the critical role that artificial intelligence (AI) and advanced technologies play in economic progress, the Chamber is focused on promoting clean tech solutions and strengthening international collaboration to bolster […]
Nearly 80% of young adults turn to social media for financial advice, but a recent Social Capital Markets report suggests that they may want to reconsider. The report reveals that 71% of the financial guidance targeting Gen Z and Millennials is misleading, with only 13% of influencers possessing relevant finance qualifications. This concern has already […]
SHARJAH: Sharjah has welcomed the second batch of cows at Sharjah International Airport, marking a significant step in expanding the Mleiha Dairy Farm. This expansion aligns with the vision of H.H. Sheikh Dr Sultan bin Mohammed Al Qasimi, aiming to grow the herd to 8,000 cows by the close of 2025 to meet the rising […]
