Business

Stitch Raises $25M Series A Led by Andreessen Horowitz 

Stitch Raises $25M Series A Led by Andreessen Horowitz 

Stitch, the operating system built for modern financial institutions, today announced it has raised $25 million in Series A funding…
Dubai Gold Prices Fall Dh7 Overnight as Stronger Dollar Hits Bullion

Dubai Gold Prices Fall Dh7 Overnight as Stronger Dollar Hits Bullion

Softer global bullion rates bring slight relief for UAE jewellery buyers and tourists Dubai gold prices fell sharply on Friday…
EDGE Group Signs Agreement to Acquire CMD, a Top-Tier Italian Engine Company  

EDGE Group Signs Agreement to Acquire CMD, a Top-Tier Italian Engine Company  

EDGE Group today announced the signing of an agreement to acquire a controlling stake in Costruzio ni Motori Diesel S.p.A. — CMD — a leading…
EDGE and ADNOC Partner to Advance Strategic Capability Development  

EDGE and ADNOC Partner to Advance Strategic Capability Development  

EDGE and ADNOC have signed a Memorandum of Understanding (MoU) under which EDGE will deliver capability development training to ADNOC…
Shop Owners in Dubai asked to Abide by Signage Rules

Shop Owners in Dubai asked to Abide by Signage Rules

Under Dubai’s signage rules, only one trade name is permitted on a storefront, with no option to display multiple trade…
Dubai Land Department Launches Second Phase of  Emirati Real Estate Business Incubator Programme 

Dubai Land Department Launches Second Phase of  Emirati Real Estate Business Incubator Programme 

Following the strong success of the first phase of the Emirati Real Estate Business Incubator Programme, which saw significant interest from Emirati…
SIB Rights Issue Attracts over AED 8.3 billion, Oversubscribed by 3.2 times  

SIB Rights Issue Attracts over AED 8.3 billion, Oversubscribed by 3.2 times  

Sharjah Islamic Bank PJSC (“SIB” or the “Bank”) today announced the successful completion of its AED2.59 billion rights issue, following…
Adnoc Gas to Restore 80% of Habshan Complex by 2026-End after Attack Damage

Adnoc Gas to Restore 80% of Habshan Complex by 2026-End after Attack Damage

A detailed technical assessment of the impact is still in progress and nearing completion, with the Abu Dhabi-based company saying…
The DFSA Prohibits Reinsurance Broker Mr Mohsen and Fines him USD 139,722  for Misleading and Deceptive Conduct  

The DFSA Prohibits Reinsurance Broker Mr Mohsen and Fines him USD 139,722  for Misleading and Deceptive Conduct  

The Dubai Financial Services Authority (DFSA), the independent banking, financial services, and markets regulator of Dubai International Financial Centre (DIFC) has imposed a…
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