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Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.
  • Dubai records over 4,000 new-real estate activities in H1 2025

    Dubai, UAE -- Dubai’s real estate market recorded 4,049 new activities in the first half of this year, reflecting the emirate’s growing appeal as a leading investment destination. This growth has been enabled by an advanced regulatory framework that promotes the smooth conduct of real estate activities and strengthens market...
  • UAE unveils ‘Emirates Health’ at medical conference in Dubai

    Dubai, UAE--The UAE has launched several innovative health projects in the 48th edition of Arab Health 2023, which began today at the Dubai World Trade Centre and will conclude on 2nd February, 2023. The Ministry of Health and Prevention (MoHAP), the Department of Health—Abu Dhabi (DoH), and the Dubai Health...
  • UAE’s EHS to showcase innovative health projects during Arab Health 2023

    DUBAI, UAE - The Emirates Health Services (EHS) will showcase its 19 innovative healthcare projects during Arab Health Exhibition 2023, which will be held from January 30 to February 2 at the Dubai World Trade Center. Dr. Youssef Mohamed Al Serkal, Director General of the Emirates Health Services, said that...
  • UAE launches ‘Tax Support’ program to promote compliance with laws

    Dubai, UAE - UAE's Federal Tax Authority (FTA) started the ‘Tax Support’ initiative to raise tax awareness among UAE’s business sectors through direct and sustained contact. The step is likely to help the businesses in enhancing compliance with tax laws and regulations, WAM reported. As a result, the first workshop...
  • DEWA commissions 17 transmission substations worth US$871m in 2022

    DUBAI, UAE -  Dubai Electricity and Water Authority (DEWA) inaugurated 17 new substations in 2022. These include fifteen 132kV stations with a conversion capacity of 2,280 megavolt amperes (MVA) and two 400kV stations with a conversion capacity of 4,000 MVA, in Al Qusais Industrial Area 5 and Jebel Ali First....
  • An effective governance, risk and compliance system need of the hour, says UAE’s cybersecurity head

    There is a close link between cybersecurity and GRC and innovation plays a key role in governance systems. Organizations must first establish a GRC system in order to achieve cybersecurity objectives and create a secure working environment, he said while addressing the Dubai's GPRC Summit 2023.
  • Dubai realty: 2023 starts with ‘strongest’ sales

    The emirate saw a record-breaking rise in real estate sales in the first two weeks of 2023, with a total of AED13.22 billion transacted across 4,275 deals, data suggest.
  • DEWA’s virtual employee ‘Rammas’ responds to over 6.8mn enquiries since 2017

    DUBAI, UAE - Dubai Electricity and Water Authority’s ( ) virtual employee ‘Rammas’, which uses Artificial Intelligence (AI), answered over 6.8 million enquiries since its launch in the first quarter of 2017 until the end of December 2022. Saeed Mohammed Al Tayer, MD and CEO of DEWA, said that DEWA...
  • 1st Arab long-duration astronaut mission to launch on Feb 26

    Key mission information, such as the launch time and launch opportunities, was announced during the NASA Crew-6 mission overview media briefing.
  • DIC buys 9% equity in Monument Bank

    Equity will help DIC enter one of the most regulated markets
  • DGCX reports 16% growth in total volume of trades in 2022

    DUBAI, UAE - Dubai Gold and Commodities Exchange (DGCX) Thursday announced its full-year market statistics for 2022, reporting 8.239 million contracts with a  value of US$162.01 billion during the year, representing growth of 16 percent and 8.24 percent from 2021, respectively. The DGCX is the largest and most diversified derivatives...
  • DEWA, SAP senior management discuss cooperation in Dubai

    DUBAI, UAE - Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), received Christian Klein, CEO and member of the Executive Board of SAP SE. The meeting was attended by Marwan bin Haidar, Executive Vice President of Innovation and The Future at DEWA, and Mohammad...
  • MENA IPO Summit discusses ‘regulatory structure for capital markets’

    Dubai, UAE-- On the second day of the MENA IPO Summit Dubai 2023, many experts called for the creation of a a dynamic and advanced regulatory structure for capital markets and educating market participants on the best practices. During the summit’s workshops and discussions, securities companies and experts talked about...
  • India-UAE partnership summit calls for economic partnerships to drive development plans

    India’s Minister of Commerce and Industry Piyush Goyal highlighted the various prospects of cooperation including leveraging UAE and India’s startup ecosystems.
  • DEWA is an organizing partner in Dubai International Project Management Forum 2023

    DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) announced that it is participating in the 8th Dubai International Project Management Forum (DIPMF) as the organizing partner. DIPMF is being organized by the Roads and Transport Authority in Dubai (RTA) in cooperation with the Project Management Institute (PMI), DP World,...
  • Dubai real estate market records deals worth $408 million

    Dubai, UAE--Dubai real estate market recorded deals worth AED1.5 billion ($408 million) on Tuesday, Dubai Land Department said. The deals included 520 sales transactions worth AED1.22 billion, in addition to 72 mortgage deals of AED216.8 million, and 15 gift deals amounting to AED98.13 million. The sales included 440 villas and...
  • DEWA launches plan for fast approval of electricity connections  

    DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) launched the 'OWNEK' awareness initiative to help its accredited contractors and consultants receive approval on the first instance when requesting electricity connections. This initiative will save the contractors and consultants time and effort and speed up the workflow. The initiative includes...
  • Israel doubts remain despite UAE Holocaust education

    Dubai's Holocaust Gallery is the only permanent exhibition on Arab soil about Nazi Germany's genocide of European Jews.
  • Azizi sells 35% Creek Views II units

    The 587-residence project is scheduled for handover by Q4.
  • Dubai realty sector posts record sales in 2022

    Real estate sector experts say facilities like Golden Visa were fueling expatriate interests in owning a property in the emirate.
  • Dubai Customs makes 25.7m transactions, above 2100 seizures in 2022

    Dubai, UAE-- Dubai Customs has completed 25.7 million customs transactions and made 2,147 seizures in 2022, while also winning several global awards besides launching a number of products to reduce cost for clients and increase their revenue, the Customs said. Dubai Customs dealt with 388 intellectual property disputes in 2022,...
  • DEWA implements SAP’s Audit Management System

    DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has implemented the SAP Audit Management System (TAWKEED), becoming the first integrated utility in the Middle East and Africa (MEA) region to implement this best-in class solution. TAWKEED is used for risk-based audit planning, planning individual audit engagement, communicating results to...
  • DEWA showcases its sustainability projects to French, Cuban delegations

    DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer received a high-level delegation from the EDF Group (Électricité de France) headed by Luc Remont, CEO and Chairman of the Board of Directors. Al Tayer also received a delegation from Cuba headed by...
  • UAE Ministry of Finance, Dubai Free Zones Council sign MoU on sharing of information

    DUBAI, UAE - UAE Ministry of Finance (MoF) Tuesday signed a Memorandum of Understanding (MoU) with the Dubai Free Zones Council (DFZC) on the exchange of information for tax purposes. This comes in line with the ministry’s continuous efforts to ensure that  commitment of various government entities in the UAE...
  • DFSA releases 2023-24 plan to support Dubai’s growth as financial hub

    DUBAI, UAE - The Chairman of the Dubai Financial Services Authority (DFSA), Fadel Al Ali Monday announced the publication of the DFSA’s Business Plan for 2023-24. The Business Plan has been developed to foster an enabling environment for firms as Dubai and the UAE continue to grow its reputation as...
  • Dubai realty transactions cross half a trillion dirham mark in 2022

    "The exceptional performance of the real estate sector reflects support the goal of the Dubai Economic Agenda D33 launched to double the size of Dubai's economy by 2033. The sector is a key pillar of Dubai's strategy for sustainable development," said Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al...
  • Two UAE cities among best expat destinations

    Expat Essentials Index ranks cities on the basis of quality of life, ease of settling in, working abroad, personal finance and digital life among other criteria.
  • UAE COP28 President Sultan Al Jaber urges focus on emissions

    Abu Dhabi, UAE--The president of this year's COP28 climate talks, who heads one of the world's biggest oil companies, on Saturday urged a focus on lower emissions, warning global energy needs were set to accelerate. Sultan Al Jaber, the United Arab Emirates' special envoy for climate change and CEO of...
  • Dubai emerging as a global hub for superyachts

    Streamlined legislation, increased investment in infrastructure and hosting of international maritime events contribute towards growth of Dubai’s yachting industry.
  • Gulf markets, except Kuwait and Qatar, end higher

    The Saudi market's general index, TASI, rose 1.19%, Dubai Financial Market 0.47%, Abu Dhabi Stock Market Vadax 15 index 0.133% by the end of the trading session.
  • Global conference on Pharmaceutical Technologies concludes in Dubai

    DUBAI, UAE - The 28th edition of the Dubai International Pharmaceutical Technologies Conference and Exhibition (DUPHAT) 2023 concluded.  The three-day event, which concluded Thursday, took place at the Dubai World Trade Center and drew more than 26,000 visitors and participants from 82 countries. Dr. Ali Al Sayed Hussain, Director of...
  • DEWA organized 157 health, safety training sessions for employees in 2022

    DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has organized 157 training courses and awareness sessions on occupational health and safety during 2022, with the participation of 2,170 employees from various divisions. DEWA also organized its 20th Internal Health and Safety Week, which featured various activities in all aspects...
  • Dubai records over $517 million in realty transactions Thursday

    Dubai, UAE--Dubai real estate market recorded transactions worth AED1.9 billion ($517 million) on Thursday, Dubai Land Department said. These included 432 sales worth AED1.45 billion, in addition to 73 mortgage deals of AED464.03 million, and 20 gift deals amounting to AED18.34 million. The sales included 342 villas and apartments worth...
  • UAE, Saudi Arabia provide Pakistan $4bn lifeline to tide over its economic woes

    The UAE pledged to roll over $2 billion in debt due over the next two months, with an additional $1 billion pledged during Prime Minister Shehbaz Sharif's ongoing visit to the emirates.
  • US Navy says seizes weapons en route from Iran to Yemen

    DUBAI, UAE  - The US Navy said Tuesday it had seized over 2,000 assault rifles smuggled on a fishing boat along a maritime route from Iran to Yemen. The cargo was discovered on Friday off the coast of Oman "on a route historically used to traffic illicit cargo to the Huthis...
  • DIFC hosts over 250 companies managing assets worth $450bn

    The contribution of financial companies operating from DIFC to the financial services sector in the country exceeded 13% of the nominal GDP of Dubai during 2021, Amiri said.
  • MENA IPO Summit to attract top industry experts

    Dubai, UAE-- Top industry experts will share first-hand knowledge of the IPO process and the opportunities and challenges of becoming a public company at the MENA IPO Summit, to be held in Dubai from 23 to 25th January. The event will also showcase a roadmap for startups and SMEs in...
  • ESG may witness higher traction across GCC this year

    Some investment trends that emerged at the tail end of 2022 — clean energy, consumer staples, retail, and infrastructure — will gain further impetus in 2023, says an expert.
  • UAE’s economic diversification strategy goes hand in hand with growth and expansion of its foreign trade

    The UAE's keenness to open up to the world and work to stamp out obstacles to trade and investment flows translates into a consistent Emirati approach, as trade has always represented an integral part of the history and heritage of the country, he adds in an Op-Ed published by Emirates...
  • DEWA completes 77 percent work in Hatta Water Reservoir

    DUBAI, UAE  - DEWA has completed 76.8 percent work on the water reservoir project in Hatta. The project has a storage capacity of 30 million imperial gallons (MIG) and is being built at a cost of approximately US$23 million (AED86 million). It is expected to be completed in April 2023....
  • Dubai records over US$2.72bn in weeklong real estate transactions

    DUBAI,  UAE - A total of 2,173 real estate transactions worth over US$2.72 billion (AED 10 billion) were conducted during the week ending January 6, 2023, according to figures released by the Dubai Land Department (DLD). A total of 270 plots were sold for $612 million (AED 2.25 billion), 1,903...
  • GCC stocks end the week in decline after a few days of gain

    Abu Dhabi Securities Exchange finished 2022 with a gain of almost 20 percent, making it the highest performer among GCC indices. In 2023, Saudi and UAE ended the weekly exchange down or stable.
  • DEWA wins award at Global Excellence Assembly Awards 2022

    DUBAI, UAE  - Dubai Electricity and Water Authority (DEWA) has been awarded  with the Global Excellence Assembly Awards 2022, based in the USA, in the "Organizational Achievements" category. This is in recognition of DEWA's global achievements in total quality and excellence. DEWA is the only entity worldwide to win this...
  • Dubai records over $762 million in realty transactions Thursday

    Dubai, UAE---Dubai real estate market recorded deals worth AED2.8 billion ($762 million) on Thursday, Dubai Land Department said. These included 516 sales transactions worth AED1.73 billion, in addition to 71 mortgage deals of AED596.74 million, and 26 gift deals amounting to AED503.85 million. The sales included 455 villas and apartments...
  • Implementation of Dubai Economic Agenda ‘D33’ to begin immediately

    Teams across Dubai’s government entities will work in close collaboration with the private sector to achieve the various targets of the agenda over the next 10 years.
  • UAE leads arrest of the ‘most wanted’ Eritrean trafficker

    Kidane Zekarias Habtemariam has been accused of being a smuggling kingpin, running a camp in Libya where hundreds of East African migrants seeking passage to Europe were allegedly kidnapped, raped and extorted. Habtemariam, subject of two Interpol red notices, was arrested on Jan 1 by Sudanese police in coordination with...
  • Dubai launches business group to promote renewable energy usage

    The UAE Government will invest AED600 billion ($163.36bn) in renewable energy by 2050 to meet the country's growing energy demand from clean and sustainable resources.
  • dnata begins building warehouse

    The facility will be capable of processing 100,000 tons of cargo annually.
  • Dubai announces plan to ‘double’ the size of economy in next decade

    The Gulf emirate's ruler, Sheikh Mohammed bin Rashid Al-Maktoum, unveiled in a series of tweets the Dubai Economic Agenda, dubbed "D33", with targets totalling 32 trillion dirhams ($8.7 trillion). The plan would "double the size of Dubai's economy in the next decade and consolidate its position among the top three...
  • Sustainability key for next-gen data center models

    At present, the data center industry as a whole uses approximately 150 billion kilowatt-hours of electricity annually, which is about 3 percent of the world’s electricity usage.
  • Ducab partners with Vestas

    Ducab's supplying medium voltage and earthing cable.