Dubai
Sheikha Latifa heads to Dubai’s Downtown Design
Latifa bint Mohammed highlights Dubai’s creative growth at Downtown Design, uniting emerging Emirati talent with global brands; the exhibition fuels cultural and economic innovation, supporting the UAE’s creative industries.
Business
Talabat set for billion-dollar IPO debut on Dubai Financial Market
Talabat is preparing for a billion-dollar Dubai IPO, driven by the MENA’s surging demand for digital delivery. Delivery Hero’s strategic debt reduction will be a key factor in how well the IPO performs on the DFM.
Economy
GCC banks cut rates in sync with Fed
Banks across the GCC — including in Saudi Arabia, Qatar, Bahrain, and the UAE — have mirrored the US Federal Reserve's rate cut, with interest rate reductions aiming to bolster credit-driven growth in the Gulf.
Emirates
UAE aligns with Fed’s rate cut, cuts Base Rate to 25 basis points
The UAE cuts its base rate following the Fed's recent move, aligning policies to tackle inflation while maintaining short-term lending flexibility. This decision signals UAE’s adaptive approach to global economic shifts.
Abu Dhabi
ADNOC L&S invests $4.4bn in supertanker fleet to lead low-carbon shipping
ADNOC L&S strengthens its global logistics fleet with a $4.4 billion contract to build supertankers, advancing its low-carbon and AI-driven maritime strategy.
Abu Dhabi
Microsoft and UAE join forces to equip 1 million residents with AI skills
Microsoft has partnered with the UAE to train a million residents in AI, targeting workforce productivity and digital growth; the UAE has reiterated its ambitious vision for a tech-driven future.
Business
Emirates posts record-breaking net profit of $9.3bn for first half of FY2024
Emirates Group has reported unprecedented growth in profitability, revenue, and customer demand, with a strong half-year performance fueled by new routes, sustainability initiatives, and extensive investments in premium services.
Emirates
UAE leaders congratulate Trump on re-election as U.S. president
UAE leaders Sheikh Mohammad bin Zayed and Sheikh Mohammad bin Rashid have congratulated Trump on his re-election as U.S. president, looking toward a future of mutual cooperation and regional stability between the U.S. and the Emirates.