LATEST NEWS

UAE funds, Samsung lead $55mln investment in quantum computing startup
October 23, 2019
IonQ said it raised $55mln in a funding round that was led by venture funds backed by Samsung Electronics, government of UAE. U.S. quantum computing startup IonQ said on Tuesday it raised $55 million in a funding round that...
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Emerging Sharjah's demand for residential projects surges in...
October 23, 2019
Tenants living in Central Sharjah prioritise affordability, unit size and payment flexibility Growing population in Sharjah is driving an increase in demand for new residential units across Emerging Sharjah, a study by Savills...
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Abu Dhabi has seen a surge in new investments from China - FSRA CEO
October 23, 2019
Shanghai Stock Exchange will set up a "Belt and Road" international exchange in ADGM The UAE’s capital has attracted high profile investments from China with several major entities looking to establish presence at the Abu...
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UAE's Al-Futtaim makes move into healthcare with HealthHub launch
October 22, 2019
UAE-based conglomerate announces launch of Al-Futtaim Health and its HealthHub to bring specialised care to residents across the country UAE-based conglomerate Al-Futtaim has announced the launch of Al-Futtaim Health and its...
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Global fintech giant Visa to open regional HQ in Dubai in 2021
October 22, 2019
Digital payments firm says it has appointed Sweid & Sweid to build its new Dubai headquarters Visa, the global digital payments firm, has appointed international property developer Sweid & Sweid to build its new Dubai...
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Dubai's Dragon Oil buys BP stake in Gulf of Suez oil firm in...
October 22, 2019
GUPCO produces 60,000 barrels per day (bpd) of oil from 11 concessions Dubai-based Dragon Oil Ltd said on Monday it had completed the purchase of BP's oil concessions in Egypt's Gulf of Suez and will invest $1 billion over...
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Mubadala Capital's $250mln funds eye startups, exceptional...
October 22, 2019
Funds include a $150mln 'fund of funds' program and a $100mln direct fund UAE's Mubadala Capital will manage two funds worth $250 million for investments in startups and venture funds, reinforcing Abu Dhabi’s status as a tech...
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Optimism 'runs high among investors in aviation sector'
October 21, 2019
KPMG, in its report has cited that more than $100 billion worth of projects are planned and/or under construction spanning the Gulf and beyond Investors are keen to capitalise on the increasing opportunities in the aviation...
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First in region: UAE's Masdar partners with ekar to offer...
October 21, 2019
Vehicles are now available to hire from Masdar City in Abu Dhabi UAE’s ekar in partnership with Abu Dhabi Future Company (Masdar), will offer Tesla car-share for the first time in the Middle East. Vehicles can be rented...
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UAE begins one year countdown to Expo 2020
October 21, 2019
The sold-out fiesta in the shadow of the Burj Khalifa was packed with celebrity performances, fireworks and a massive crowd. All seven emirates transformed into one giant carnival as the country celebrated the one-year...
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