Monday, April 20

Tag: Dubai

Leaders of Dubai-based unicorns hail city as global innovation hub shaping future technology and driving the digital economy
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World

Leaders of Dubai-based unicorns hail city as global innovation hub shaping future technology and driving the digital economy

Leaders of Dubai-based unicorn companies have reaffirmed the emirate’s status as a global hub for digital innovation and technology-led growth. The senior executives highlighted Dubai’s forward-looking regulatory environment, advanced infrastructure, and ability to attract international talent as key factors strengthening its appeal for high-growth digital businesses. They noted that Dubai has evolved into a strategic launchpad for ambitious companies, offering an agile business environment that supports innovation and enables expansion into regional and international markets. The business leaders also praised the strong alignment between the public and private sectors within Dubai’s digital ecosystem, supported by Dubai Chamber of Digital Economy, one...
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ADE Properties Launches Barari Gate Development in Majan, Dubai
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World

ADE Properties Launches Barari Gate Development in Majan, Dubai

ADE Properties has unveiled Barari Gate, a mixed-use residential development located in Majan, Dubai, adjacent to the Al Barari area. The project was officially introduced to the market during a launch event held at Atlantis The Royal, Dubai, where the developer presented the project’s design, concept and commercial details. The development marks ADE Properties’ latest entry into Dubai’s mid-to-upper residential market, targeting end-users and long-term investors seeking quality-driven projects in emerging well-connected locations. Barari Gate will comprise 274 residential units spread across a total built-up area of 442,580 square feet, with unit sizes ranging from 438 to 3,840 square feet. The project integrates ...
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From Dubai to the World: A unique Platform for Startups to Secure Funding and Accelerate Global Growth
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Technology

From Dubai to the World: A unique Platform for Startups to Secure Funding and Accelerate Global Growth

Since 2016, Dubai has hosted Expand North Star, the world’s largest event for startups and investors. The exhibition has enabled thousands of digital startups to secure multi-million-dollar investment deals and forge strategic partnerships to accelerate their global growth. Organised by Dubai World Trade Centre and hosted by Dubai Chamber of Digital Economy, the 2025 edition will be held from 12–15 October at Dubai Harbour and marks its tenth anniversary. The event has become a vital launchpad for startups, connecting innovators with capital and markets, and reinforcing Dubai’s position as a capital of the digital economy. The success stories of participants span continents and industries. Nigerian mobility fintech Moove raised more than US$ 460 million ...
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Dubai launches world’s first icon classification for Human–Machine Collaboration in research and publications
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Technology

Dubai launches world’s first icon classification for Human–Machine Collaboration in research and publications

Classification system sets new standard for transparency in the age of AI-assisted knowledge creation Dubai has launched the world’s first icon-based classification system to represent the level of human–machine collaboration in the process of producing research, publications, and public-facing content.Developed by the Dubai Future Foundation (DFF), the Human–Machine Collaboration (HMC) Icons offer a new global standard for transparency, clearly indicating the extent towhich humans and AI worked together throughout the creation process. The classification is free to use, copyrighted for consistency, and openly available for researchers, publishers, and content creators worldwide.His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, ...
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Dubai Retains Global Top Spot for attracting Greenfield FDI Projects in cultural and creative industries in 2024
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World

Dubai Retains Global Top Spot for attracting Greenfield FDI Projects in cultural and creative industries in 2024

Dubai has maintained its first place as the world’s leading destination for greenfield foreign direct investment (FDI) in the cultural and creative industries (CCI), topping the Financial Times’ fDi Markets ranking for the third consecutive year.The 2024 report, which assessed 233 cities under the ‘Creative Industries Cluster’ classification, placed Dubai ahead of global hubs such as London and Singapore. During the year, the emirate attracted 971 CCI projects—an 8% increase from 2023—bringing in AED 18.86 billion in capital inflows, up nearly 60% from 2023, and generating 23,517 new jobs, a 9% year-on-year rise.All major CCI subsectors saw stronger performance, with notable growth in advertising and PR, film and media production, gaming, education, and advanced software design. According ...
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MAG GROUP and Citic Limited Sign MoU for USD 6 Billion “Keturah Ardh” Development in Dubai
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World

MAG GROUP and Citic Limited Sign MoU for USD 6 Billion “Keturah Ardh” Development in Dubai

CITIC Limited's total assets exceed USD 1.67 trillion In a landmark move poised to significantly shape Dubai's luxury real estate landscape, MAG Group and CITICLimited, one of China's largest state-owned conglomerates, have announced the signing of a Memorandum ofUnderstanding (MoU) for the development of Keturah Ardh — a visionary USD 6 billion project spanning 18.47million square feet in the Al Rowaiyah First District of Dubai.The signing ceremony brought together two financial powerhouses: MAG Group Holding, with a portfoliovalued at USD 3 billion, ongoing sales worth USD 5 billion, and developments estimated at approximately USD17 billion; and CITIC Limited, which manages total assets exceeding USD 1.67 trillion. This collaboration,marking CITIC Limited's first major entry into ...
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The Anantara Zanzibar Resort Announces Flagship Culinary Partnership
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Tourism

The Anantara Zanzibar Resort Announces Flagship Culinary Partnership

Anantara Zanzibar Resort & Residences — Africa’s luxurious resort opening in 2027 — is proud to announce an exclusive partnership with world-renowned contemporary Japanese restaurant brand Sumosan. This collaboration brings one of the most sought-after global dining experiences to the shores of Zanzibar for the very first time. From London to Bahrain, Courchevel to Berlin, Sumosan has become synonymous with refined Japanese cuisine and an elite dining atmosphere that resonates with global tastemakers. The partnership at Anantara Zanzibar will mark Sumosan’s debut in East Africa.The signature restaurant will be set along the coast, offering a curated a la carte menu in a design-forward space that mirrors both the sleek identity of&nbs...
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DEWA announces record quarterly revenue of AED 5.96 billion and quarterly Cash from Operations of AED 3.85 billion 
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World

DEWA announces record quarterly revenue of AED 5.96 billion and quarterly Cash from Operations of AED 3.85 billion 

Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai’s exclusive electricity and water services provider, listed on the Dubai Financial Market (DFM), reported its first quarter 2025 consolidated financial results, recording quarterly revenue of AED 5.96 billion, EBITDA of AED 2.43 billion, operating profit of AED 838 million and net profit of AED 496 million.The company also generated a record net cash from operations of AED 3.85 billion resulting in closing cash and cash equivalents of AED 8.17billion, which is AED 2.07 billion higher than the balance as at year-end 2024. “We are progressing in our journey to Net Ze...
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DEWA’s General Assembly Approves Dividend Payment of AED 3.1 Billion to Shareholders for H2 of 2024
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World

DEWA’s General Assembly Approves Dividend Payment of AED 3.1 Billion to Shareholders for H2 of 2024

Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai’s exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), reported that its shareholders have, in the general assembly held on 21 March 2025, approved the payment of total dividend of AED 3.1 billion for H2 of 2024, with a record date of 31 March 2025.  The meeting, chaired by HE Matar Humaid Al Tayer, Chairman of the Board of Directors of DEWA, was attended by HE Saeed Mohammed Al Tayer, MD&CEO of DEWA and Members of the Board of Directors of DEWA as well as 92.2% of the shareholders. During the meeting, a Board of Directors was elected for the next three years. ...
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Dubai Electricity and Water Authority PJSC announces record annual revenue of AED 30.98 billion and an unprecedented EBITDA of AED 15.70 billion for the year 2024
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World

Dubai Electricity and Water Authority PJSC announces record annual revenue of AED 30.98 billion and an unprecedented EBITDA of AED 15.70 billion for the year 2024

Full Year 2024*Q4, 2024*AED 30.98 billionAED 15.70 billionAED 7.45 billionAED 3.95 billion+6.18% YoY+6.25% YoY+6.13% YoY+11.11% YoYvs. 2023 Revenuevs. 2023 EBITDAvs. Q4, 2023 Revenuevs. Q4, 2023 EBITDA *Figures are rounded. Ratios are based on actuals. Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai’s exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), today reported its full year 2024 preliminary and unauditedconsolidated financial results. DEWA Group recorded consolidated full year revenue of AED 30.98 billion, EBITDA of AED 15.70 billion and net profit after t...
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