Kuwait Sovereign Fund Invests \$500 Million in CATL’s \$4 Billion Hong Kong Listing
Kuwait Backs CATL’s $4 Billion Hong Kong Listing with Major Investment Kuwait: CATL Launches Hong Kong IPO with Global Ambition Chinese EV battery leader CATL has launched a $4 billion…
Talabat Reports \$103 Million Q1 Net Profit, Surpassing Market Estimates
Talabat Q1 Profit Hits $103.3M, Beats Forecasts Talabat Sees Strong Start to 2025 This earned $103.3 million in net profit for Q1 2025. The result beat analysts’ average estimate of…
Dubai Gold Rate Drops Nearly Dh11 in 24 Hours; Shoppers Await Further Declines
Dubai Gold Rate Drops Sharply, Shoppers Await Further Dip Dubai gold rate has dropped by nearly Dh11 per gram, leaving shoppers cautious. The price for 22K gold now sits at…
Bitcoin Surges Past $100,000 on Renewed Optimism Over Global Trade Deal
Bitcoin Soars Past $100,000 on U.S.-UK Trade Deal Boost Bitcoin Hits Highest Since February Bitcoin surged past $100,000 on Thursday, gaining 4.7% and trading at $101,329.97 by midday. The rally…
Abu Dhabi Investment Office Expands San Francisco Presence to Boost US Investment Ties
Abu Dhabi Investment Office Expands San Francisco Office to Accelerate Global Health Innovation Strategic Move in a Global Innovation Hub The Abu Dhabi Investment Office (ADIO) will expand its San…
Catholic Church Elects Robert Prevost as Pope Leo XIV
Catholic Church Elects First American Pope, Robert Prevost as Leo XIV Historic Moment for the Catholic Church The Catholic Church elected Cardinal Robert Prevost as the new pope, naming him…
Emaar’s Q1 Profit Surges 39%, Falls Short of Estimates
Emaar Q1 2025 Profit Surges 39%, Property Sales Rise 28% YoY Dubai’s largest listed developer, Emaar Development, reported strong performance in Q1 2025. The company saw a 39% increase in…
Mubadala Sees 9% Growth in Assets Under Management in 2024
Mubadala Reports Strong Growth in 2024 with 9.1% Asset Increase Assets Under Management Reach 1.2 Trillion Dirhams Mubadala increased its assets under management by 9.1% in 2024. Total assets reached…
Ajman Traffic Rule Update: Delivery Riders Banned from Fast Lanes in UAE
Ajman Traffic Rule: Delivery Riders Barred from Fast Lanes Ajman has enforced a new traffic rule for delivery riders to ensure road safety. The Ajman Traffic Rule bans them from…
RTA Plans Major Moves to Tackle 30% of Dubai’s Traffic Woes – Here’s Why It’s Needed
RTA Plans Major Cuts to Dubai Traffic Congestion Dubai faces growing traffic pressure as vehicle ownership and population rates continue rising sharply. Surge in Vehicle Numbers Dubai has 2.5 million…