2019 — Topical news of the United Arab Emirates

October 23, 2019 no comments 65
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 was led by venture funds backed by Samsung Electronics...

October 23, 2019 no comments 46
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 showed. According to Savills, enquiry levels across...

October 23, 2019 no comments 50
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 Dhabi Global Market (ADGM), the international financial centre,...

October 22, 2019 no comments 120
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 HealthHub which will bring specialised care to residents...

October 22, 2019 no comments 123
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 headquarters. The building to cater for operations in...

October 22, 2019 no comments 107
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 five years to boost and extend their production. Dragon,...

October 22, 2019 no comments 92
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 and innovation hub. The funds include a $150 million...

October 21, 2019 no comments 133
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 sector globally, according to industry experts. “Over the...

October 21, 2019 no comments 121
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 through the ekar app and collected from an exclusive Masdar...

October 21, 2019 no comments 89
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 countdown to World Expo 2020. At 2020 (8.20pm) on October 20, 2019,...