Tag: UAE

UAE: Soon, your employability could depend on how well you use AI, say experts

The future of a person’s employability could soon depend on how well they can use AI. That is according to experts in the UAE....

Combined capital, reserves of UAE banks surpass Dh500b

The combined capital and reserves of banks operating in the UAE surpassed the Dh500 billion mark at the end of February 2024, according to...

Spinneys to expand presence in UAE and Saudi Arabia after listing on DFM

Spinneys is seeing a bright outlook for the retail industry and will capitalise on business opportunities in the region, its top official says. The supermarket...

UAE: Etihad Airways reports Dh526 million profit in first quarter

UAE's Etihad Airways on Thursday said it recorded a profit after tax of Dh526 million in the first quarter of 2024 as compared to...

DIFC announces consultation of updated prescribed company regulations

Dubai International Financial Centre (DIFC) has proposed to enact amendments to the Prescribed Company Regulations. The proposed regulations seek to significantly expand and simplify...

First digital assets market maker, broker-dealer from Singapore to achieve an In-Principle Approval from the FSRA of ADGM

QCP, a global institutional digital assets company, today announced that they have received In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of...

Watch: UAE’s first passenger-carrying drone trial takes place in Abu Dhabi

The first passenger-carrying drone trial in the Middle East has been carried out in Abu Dhabi, during Abu Dhabi Mobility Week, authorities said. The trial...

Dubai Taxi revenue rises 16% to Dh558.4 million in Q1

Dubai Taxi Company PJSC announced its financial results for the three months ending March 31, 2024, with revenue increasing by 16 per cent year-on-year...

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Saudi Exchange shows resilience on Aramco shares, defying regional trend

RIYADH: Saudi Arabia’s Tadawul All Share Index showed signs...

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...