Lulu Retail Holdings PLC has announced an increase in its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX).
His Highness Sheikh Mansour bin Zayed Al Nahyan, the UAE's Vice President, Deputy Prime Minister and Chairman of the Presidential Court, officially opened the 40th edition of the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) on Monday.
Dubai Chambers has signed a Memorandum of Understanding (MoU) with DMCC (Dubai Multi Commodities Centre) aimed at enhancing Dubai’s position as a global destination for digital investments.
The UAE Minister of Industry and Advanced Technology, Dr. Sultan Ahmed Al Jaber says the energy sector needs an annual investment of $1.5 trillion to meet the increasing energy requirements driven by AI.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, met with the Vice Chair and President of Microsoft, Brad Smith, on the sidelines of the ENACT Majlis.
The International Monetary Fund (IMF) will begin its review of Egypt's loan programme on Tuesday, Egyptian Prime Minister Mostafa Madbouly said on Sunday at a press conference with IMF managing director Kristalina Georgieva.
The UAE, represented by the Ministry of Health and Prevention (MoHAP), took part in the G20 Health Ministers Meeting and G20 Joint Finance and Health Ministers meeting hosted by Brazil from October 29-31.
In line with directives from His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai and Chairman of the Dubai Media Council, to strengthen Dubai’s position as a global hub for media innovation, the Dubai Media Council met with TikTok to explore new partnership opportunities focused on media advancement and knowledge exchange.
The global energy community will gather in Abu Dhabi next week for ADIPEC 2024, the world’s largest energy event.
The UAE Ministry of Human Resources and Emiratisation (MoHRE) has called on private sector companies with 20 to 49 employees to expedite the hiring of at least one Emirati by the end of 2024.
The UAE's economic growth is projected to lead the GCC in 2025, primarily driven by the non-oil sector, according to the Director of the Middle East and Central Asia Department at the IMF, Dr. Jihad Azour.
The final bidding process for the privatisation of Pakistan International Airlines attracted just one bid of 10 billion Pakistani rupees ($36 million) for a 60% stake in the national flag carrier, the Privatisation Ministry said on Thursday.
Shell reported on Thursday third-quarter profits of $6 billion that exceeded forecasts by 12 per cent as higher liquefied natural gas (LNG) sales offset a sharp drop in oil refining and trading results.
The European Union has decided to increase tariffs on Chinese-built electric vehicles to as much as 45.3 per cent at the end of its highest profile trade investigation that has divided Europe and prompted retaliation from Beijing.
ADNOC Drilling Company recorded $1.026 billion (AED 3.77 billion) in revenue in Q3, marking a 32 per cent year-on-year.
The Ministry of Energy and Infrastructure (MoEI) has announced a significant reduction in bureaucracy by eliminating over 745,000 government procedures across 21 services, resulting in a 75% decrease in service delivery time.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, participated in a networking event with the UAE-Singapore Business Council during his official visit to Singapore.
Nakheel, part of Dubai Holding Real Estate, has joined forces with the Dubai Electricity and Water Authority (DEWA) to develop two substations on Palm Jebel Ali with a combined value of AED 270 million.
Dubai Internet City is celebrating its 25th anniversary as a cornerstone of the Middle East’s digital economy, uniting global tech leaders and talent since its launch on October 29, 1999.
Boeing launched a stock offering that could raise up to $24.3 billion as the planemaker looks to strengthen its finances squeezed by a more than six-week strike by factory workers and preserve its investment-grade credit rating.
Saudi Arabia's sovereign wealth fund plans to cut its overseas investments by about a third, its governor told a conference in Riyadh on Tuesday, as the Kingdom taps into its resources to fund plans to wean the economy off oil.
Emirates has officially resumed its daily service between Adelaide and Dubai, enhancing connectivity between South Australia and the world.
Oil prices dropped more than 4 per cent on Monday after Israel’s strikes on Iran, despite avoiding Tehran’s energy infrastructure.
Lulu Retail Holdings PLC announced the price range for the sale of its shares and the start of the subscription period for its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX).
Investments in India by Swiss companies such as engineering group ABB and transport firm Kuehne+Nagel are on the rise, with a $100 billion regional trade deal expected to further open it up to businesses long geared towards China.
Food Tech Valley, a UAE-government-led initiative aimed at building a sustainable food ecosystem, has announced a 27-year strategic agreement with Badia Farms to implement hybrid models for growing premium fruits and vegetables year-round.
Michael Bolliger, Chief Investment Officer of Emerging Markets at UBS Global Wealth Management, stated that the UAE's GDP growth is expected to surpass 5 per cent in 2025.
The UAE, represented by the Ministry of Finance and the UAE Central Bank, concluded its participation in the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG), held in Washington from October 21-26.
Alongside the B20 summit in Sao Paolo, the UAE hosted the UAE-Global Business Forum, which was organised by the UAE Ministry of Economy in collaboration with the UAE Embassy and Consulate in Brazil.
Delta Air Lines on Friday sued cybersecurity firm CrowdStrike in a Georgia state court after a global outage in July caused mass flight cancellations, disrupted travel plans of 1.3 million customers, and cost the carrier more than $500 million (AED 183.6 million).
The UAE participated in the fourth G20 Finance Ministers and Central Bank Governors Meeting, on the sidelines of the Annual Meetings of the World Bank Group and the IMF in Washington, D.C.
Nvidia dethroned Apple as the world's most valuable company on Friday following a record-setting rally in the stock, powered by insatiable demand for its specialized artificial intelligence chips.
Kenya's high court on Friday suspended a $736 million deal between a state utility and India's Adani Energy Solutions to build and operate power infrastructure including transmission lines.
The Ministry of Finance announced that the UAE has signed two agreements with the International Monetary Fund (IMF) to contribute to the financing of the Poverty Reduction and Growth Trust (PRGT) and the Resilience and Sustainability Trust (RST).
Lebanon has been placed on a grey list of countries under special scrutiny by financial crime watchdog FATF, two financial sources said, with the official announcement expected later today.
Dubai's aviation sector accounted for 27 per cent of the emirate's GDP in 2023, adding AED 137 billion ($37.3 billion) in gross value added (GVA), an economic impact study revealed on Thursday.
Boeing factory workers voted to reject a contract offer and continue a more than five-week strike on Wednesday, in a blow to investor and management hopes of a resolution to the acrimonious dispute.
Russia proposed the creation of a BRICS grain exchange, which could later be expanded to trade other major commodities, President Vladimir Putin said in opening remarks to a summit of leaders of the BRICS countries on Wednesday.
DMCC has announced a rise of 11 per cent year-on-year in Turkish companies joining its international business district, bringing the total number of Turkish companies in the zone to 643.
HSBC merged some operations and split its geographic footprint into East and West in a sweeping restructuring under new CEO Georges Elhedery that also included the appointment of the bank's first female finance chief.
India will retain investment curbs on bordering nations, the finance minister said, days after it struck a pact with China on patrols along their disputed Himalayan frontier, with the leaders of both countries expected to meet on Wednesday.
A new digital platform has been unveiled in Dubai, aimed at empowering the next generation of start-ups and entrepreneurs for global growth.
The UAE has signed an investment memorandum with the Indian state of Rajasthan to explore the development of a major 60 GW renewable energy project.
Three years after Meta shut down facial recognition software on Facebook amid a groundswell of privacy and regulator pushback, the social media giant said on Tuesday it is testing the service again as part of a crackdown on "celeb bait" scams.
Hyundai Motor India shares fell as much as 7.6 per cent in their market debut on Tuesday after a tepid response from retail investors to the country's largest initial public offering on concerns the price was set too high.
Dubai Holding Asset Management has announced the rebranding of its residential leasing portfolio, previously known as Dubai Asset Management, to Dubai Residential.
Shell said on Monday there was no impact to operations after an oil leak over the weekend from a land-based pipeline at Shell Energy and Chemicals Park Singapore on Bukom island, adding that the leak had been stopped.
Lulu Retail Holdings announced its intention to proceed with an initial public offering (IPO) and listing its ordinary shares on the Abu Dhabi Securities Exchange (ADX).
The UAE Minister of State for Financial Affairs, Mohamed Hadi Al Hussaini, met with Azerbaijan's Minister of Finance, Samir Sharifov, in Dubai to discuss enhancing cooperation in the financial sector and other areas of mutual interest.
The Endowments and Minors’ Trust Foundation in Dubai (AWQAF Dubai) has announced the distribution of AED30.4 million in profits from investments made on behalf of minors and those under guardianship for the year 2024.
The Dubai International Arbitration Centre (DIAC) Annual Report has highlighted another transformative year marked by substantial growth and global expansion for DIAC, as evidenced by a significant increase in cases.
The UAE has strengthened its position as a top hub for startups, driven by its attractive investment environment, flexible business policies, and innovation-focused legislation.
Dubai Studio City reported over 11.5 per cent year-on-year growth in its creative talent community during the first half of 2024.
Egypt raised prices on a wide range of fuel products early on Friday, the petroleum ministry said, marking the third such increase this year.
The $3.3 billion IPO of Hyundai Motor India, the country's largest yet, was fully subscribed on its final day on Thursday as institutional investors bid aggressively, though pricing concerns deterred retail investors.
The UAE and World Economic Forum (WEF) launched an integrated strategic intelligence platform that collates policy topics of strategic importance to the UAE into one place.
Nakheel, part of Dubai Holding Real Estate, has awarded three major contracts exceeding AED 5 billion for the construction of ultra-luxury villas on the first six fronds of Palm Jebel Ali, with completion expected by late 2026.
Airbus plans to cut up to 2,500 posts in its Defence & Space division after spiralling losses on satellite projects, sources said on Wednesday.
Singapore's air force mobilised two fighter jets late on Tuesday in response to a bomb threat on an Air India Express flight bound for the city-state, its defence minister said.
Boeing filed papers with the US markets regulator on Tuesday for raising up to $25 billion (AED 91 billion) through a stock and debt offering and entered into a $10 billion (AED 36.7 billion) credit agreement amid a crippling strike and upcoming debt maturities.
Abu Dhabi Future Energy Company PJSC (Masdar) has signed an agreement with Presight, a leading big data analytics company powered by generative AI, to develop an asset management tool for its renewable energy projects worldwide.
Shares of Nvidia closed at their highest ever on Monday, lifting its market value to $3.39 trillion (AED 12.4 trillion) just below Apple's $3.52 trillion (AED 12.92 trillion) and above Microsoft's $3.12 trillion (AED 11.45 trillion).
The Ajman Higher Energy Committee has been established to regulate the trade of petroleum in the Emirate, under the directives of His Highness Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman.
Expo 2020 Dubai has reaffirmed its commitment to gender equality and women’s empowerment.
Expo 2020 Dubai and the United Nations Global Compact are joining forces to hold a Sustainable Development Goals Business Forum.
More than 2,500 online travel agents, tour operators, hotel groups and airlines have signed on as Authorised Ticket Resellers (ATRs) for Expo 2020 Dubai.
A spectacular line-up of sights, sounds and tastes await visitors at Expo 2020 Dubai, through a series of specially curated itineraries.
Apple on Tuesday launched the iPhone 12 with faster 5G connectivity, which the company hopes will spur a wave of upgrades and keep its sales booming through the end of the year.
6:00am - 10:00am
Kris, Priti and Rossi host the UAE's biggest radio show. It's full of fun, laughs and it's Where The Stars Live.
Guess the 5 celebrities and score a heap of cash on Virgin Radio's Mystery Voices.
The boys tried their 'pick up' lines on Mais Vault and things did not go according to plan...
Get the latest UAE and world news from our award winning team of journalists. The ARN News Centre is the country's most trusted source of information.
From taking us down memory lane to a possible BAD BOYS 5 in Dubai?
Virgin, Virgin Radio and the Virgin Signature and Virgin Radio logos are trademarks of Virgin Enterprises Limited and are used under license.
For more information on Virgin Radio International visit www.virginradio.com