Local Stock Markets Consolidate Gains with Market Capitalization Exceeding 10.4 Billion Dirhams

Local stock markets consolidated their gains at the end of yesterday’s trading, and their market capitalization gained more than 10.4 billion dirhams, amid strong liquidity of approximately 2.5 billion dirhams. The Dubai Financial Market continued its rise towards its highest levels in more than 8 years, while the Abu Dhabi Securities Market continued its gains … Read more

ADNOC Launches Innovative Electronic Platform for Procurement to Enhance Local Added Value and Reduce Emissions

ADNOC Launches Innovative Electronic Platform for Procurement to Enhance Local Added Value and Reduce Emissions

ADNOC launched an innovative electronic platform for procurement to contribute to raising the efficiency of its pioneering program to enhance local added value and support its efforts to reduce the emissions of its operations and ensure that its business keeps pace with the future. Dr. Saleh Al Hashemi, Head of the Department of Commercial Affairs … Read more

Middle East and North Africa Mergers and Acquisitions Surge in 2023

Middle East and North Africa Mergers and Acquisitions Surge in 2023

A recent economic report revealed that the Middle East and North Africa region registered about 318 mergers and acquisitions deals with a total value of $43.8 billion in the first half of 2023, with 10 of the largest mergers and acquisitions in the region concentrated in the United Arab Emirates and the Kingdom of Saudi … Read more

New Summer Offerings at The Address Downtown Hotel in Downtown Dubai: High-Class Dining, Wellness Services, and Stunning Views of Burj Khalifa

The Address Downtown Hotel, located in the vibrant Downtown Dubai area, has announced the launch of a range of new summer offerings, allowing its guests to enjoy high-class dining experiences and unique wellness services, in front of stunning views of the Burj Khalifa. Go Free offer for kids:Ideal for families during the month of August, … Read more

Fired Security Guard Claims Singing at Taylor Swift Concert Led to Dismissal

Fired Security Guard Claims Singing at Taylor Swift Concert Led to Dismissal

A security guard claimed that he was fired from the company he was working for, after he was photographed singing at one of the shows of American star Taylor Swift in Minneapolis, Minnesota, United States, at the end of June, and asks fans to take pictures of him with the star he guards, despite his … Read more

A Burnt-Out Ferrari Sports Car Body Sold for £1.5m at Auction: Plans for Restoration and Return to Racing

A Burnt-Out Ferrari Sports Car Body Sold for £1.5m at Auction: Plans for Restoration and Return to Racing

A burnt-out Ferrari sports car body has been sold for £1.5m at auction. This car caught fire during a race in the 1960s, and the damaged bodywork has so far been preserved in the same condition after the fire, as well as the Ferrari factory body panel, rear axle angles, gearbox and its 3.0-liter four-cylinder … Read more

Liquidity in Abu Dhabi and Dubai financial markets exceeds 1.72 billion dirhams – Market Updates

Liquidity in Abu Dhabi and Dubai financial markets exceeds 1.72 billion dirhams – Market Updates

The liquidity of the local financial markets during today’s session exceeded 1.72 billion dirhams, distributed by 1.1 billion dirhams in Abu Dhabi and about 606 million dirhams in the Dubai Financial Market. The general index of the Abu Dhabi Financial Market closed at the level of 9780.79 points, amid transactions amounting to more than 1.1 … Read more

Britney Spears Contemplating TV Report and Oprah Winfrey Interview Ahead of Memoir Release

Britney Spears Contemplating TV Report and Oprah Winfrey Interview Ahead of Memoir Release

A source close to Britney Spears has revealed that the star is considering doing a TV report before the release of her memoir on October 24, and is also said to be considering appearing in an interview with Oprah Winfrey. Reportedly, the pop singer had four weeks to decide whether to appear in her first … Read more

Savings Deposits in UAE Banking Sector Show Significant Growth

Savings Deposits in UAE Banking Sector Show Significant Growth

Savings deposits in the banking sector in the country, excluding interbank deposits, touched 272 billion dirhams at the end of last May, according to the latest statistics of the UAE Central Bank. The “Central” statistics indicated that savings deposits reached 271.79 billion dirhams at the end of last May, an increase on a monthly basis … Read more

“Barbie” Becomes First Film Directed by a Woman to Surpass $1 Billion in Global Revenue

“Barbie” Becomes First Film Directed by a Woman to Surpass  Billion in Global Revenue

The movie “Barbie”, produced by “Warner Brothers”, became the first work directed by a woman whose global revenues exceeded one billion dollars, according to estimates by the specialized “Experience Relationships” group, last Sunday, with its topping the box office in North America for the third week in a row. This movie, directed by Greta Gerwig, … Read more