Tag: News

361 million riders used Dubai’s public transport, shared mobility, and taxis in H1 2024 as daily ridership hits 1.98m

Dubai’s Roads and Transport Authority (RTA) announced that the number of users of public transport and shared mobility means in Dubai—including Metro, Tram, public...

Dubai: Parkin records 26% jump in fines issued during second quarter this year

Parkin Company on Monday revealed the total number of fines issued in Dubai increased 26 per cent from 291,000 in Q2 2023 to 365,000...

Home-grown fintech closer to gaining UAE licence

Sav, a UAE-born fintech, received an in-principle approval for a Category 4 licence from the Dubai Financial Services Authority (DFSA). This key milestone will...

Emaar’s first-half profit jumps 33% to Dh7.8b

Emaar Properties announced on Thursday a total first-half revenue of Dh14.4 billion and a net profit before tax of Dh7.8 billion, recording a growth...

The Fed has cut rates amid stock swoons before. Not this time

A sharp slowdown in the U.S. job market that touched off days of global stock-market turmoil also fueled speculation the Federal Reserve may not...

Dubai International Chamber supports UAE-based Meerana’s collaboration with Vietnamese technology company FPT

Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, has supported a strategic partnership between UAE-based Meerana Technologies,...

Saudi Stock Exchange Ends Trading Lower

The Saudi Stock Exchange main index ended trading lower today, losing 62.59 points to close at 11667.12 points.The total value of trading reported was...

Empower records AED 1,352 million in Revenues in H1 2024 with 10.3% growth over H1 2023

Emirates Central Cooling Systems Corporation PJSC (EMPOWER), the world's largest district cooling services provider, (DFM: EMPOWER) (ISIN: AEE01134E227), today announced its financial results for...

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Info Edge commits Rs 250 crore to new B8 Fund I to back growth-stage tech startups in India

Info Edge has approved a commitment of up to...

Scoop confirmed: AI platform MeltPlan raises $10 million to make construction boring

MeltPlan, a pre-construction AI platform, today said it has...

Indian agentic AI startup Gushwork raises $9 million to expand engineering teams

Gushwork, an agentic AI startup raised a $9 million...

Nvidia forecasts upbeat sales on AI chip demand, talks up long-term prospects 

SAN FRANCISCO: Chipmaker Nvidia forecast first-quarter revenue above market estimates...

IIT Madras alumnus-founded deeptech startup Tattvam AI raises $1.7 million in funding

Tattvam AI, a deeptech startup building AI systems to...