Zapp to launch in Dubai
Zapp aims to enter the UAE market in 2024, eyeing partnerships with Talabat and Careem as it expands its premium delivery service in the Middle East.
UAE deepens influence in Crypto World
Abu Dhabi’s MGX acquires a stake in Binance as the UAE deepens its crypto footprint, with major investments in Bitcoin ETFs, blockchain firms, and Web3 innovation.
Ninety One’s Top Fund Buys UAE Stocks
Ninety One's Emerging Markets Equity Fund increases UAE stock holdings, favoring real estate, banking, and tech sectors as investors seek stability away from U.S. tariffs.
Telegram founder Pavel Durov returns to Dubai
Pavel Durov has temporarily left France after being investigated for alleged criminal activity on Telegram, securing approval to travel and posting $5.4 million bail.
UAE aluminum exports to US surge ahead of Trump tariffs
UAE aluminum exports to the US hit a two-year high in March as buyers rushed to stock up before Trump’s 25% tariff took effect, reshaping global trade flows.
UAE official to visit Washington for Nvidia AI chips
Sheikh Tahnoun bin Zayed Al Nahyan plans to meet U.S. officials to push for eased AI chip export controls and highlight UAE’s tech investment ambitions.
Abu Dhabi’s Adnoc Plans to Buy Mubadala Energy Assets
Adnoc is negotiating a potential $10 billion acquisition of Mubadala’s energy assets, aiming to consolidate Abu Dhabi’s oil and gas holdings amid sector diversification.
Merex Investment Plans to Start Redevelopment of Dubai’s Waterfront
Merex Investment plans to launch an ultra-luxury redevelopment at La Mer North, with 225 luxury homes set for completion by 2027, as Dubai’s retail and residential demand surges.
Ducab Metals Business expands production in UAE
Ducab Metals Business enhances UAE’s manufacturing sector with expanded production, global trade partnerships, and increased exports, driving industrial growth and economic diversification.
DWTC and Informa Group to create new company Informa International
Dubai World Trade Centre and Informa Group join forces to create Informa International, a global exhibitions powerhouse set to drive MICE sector growth across the Middle East, South Asia, and Africa.