Business News

The Dubai Roads and Transport Authority’s (RTA) revenues via digital platforms hit AED 2.6 billion in 2020.

Billionaire entrepreneur Elon Musk's brain-chip startup, Neuralink, has raised $205 million in a funding round led by Dubai-based venture capital firm Vy Capital, with participation from Alphabet Inc's Google Ventures, the company said.

Abu Dhabi’s Department of Health (DoH) is offering investment opportunities with 100 per cent ownership to boost the overall quality of the healthcare sector.

A court in Abu Dhabi has sentenced nine individuals to 10 years in jail for money laundering and running a cryptocurrency trading scam.

Following successful trials, Etihad Airways has expanded the use of IATA Travel Pass on flights between Abu Dhabi and seven destinations.

FlyDubai is set to reconnect Dubai and Somaliland's capital city of Hargeisa in August.

Sharjah Real Estate recorded a staggering AED 12.2 billion in transactions during the first six months of 2021.

Air Arabia Abu Dhabi has launched a new service to two cities in Pakistan.

Financial institutions across the UAE have less than two weeks to implement changes as required by the new guidelines to eradicate money laundering and the financing of terrorism.

Dubai has started imposing fines on companies that have not registered the Beneficial Owner data with the authorities.

The Abu Dhabi Chamber of Commerce and Industry will soon have a new board of directors.

Dubai has announced plans to set up a new council to enhance the employment of Emiratis in the private sector.

Athleisure clothing chain Lorna Jane Pty Ltd was fined A$5 million ($3.7 million) by an Australian court on Friday after claiming its garments could prevent COVID-19, which a judge labelled as "exploitative, predatory and potentially dangerous".

Shares of food delivery firm Zomato Ltd nearly doubled on Friday in a stellar first listing of a local unicorn in India, setting the pace for a slew of such debuts by internet-based startups that are thriving during the COVID-19 pandemic.

Emirates airline's first flight to Miami took off on Thursday morning, marking the airline’s first new destination since the outbreak of COVID-19.

The S&P 500 and the Dow indexes fell on Thursday after data showed weekly jobless claims hit a two-month high.

A panoramic jet ski tour of Dubai has been recognised as the world’s best tourism experience for 2021.

Two American citizens were convicted at a Tokyo district court for aiding in the former Nissan chairman's escape from Japan.

Abu Dhabi has waived off housing loans of 803 citizens, totalling AED 1.1 billion.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has issued Law No. (13) of 2021 establishing the Dubai Academic Health Corporation, and Law No. (14) of 2021 amending some clauses of Law No. (6) of 2018 pertaining to the Dubai Health Authority (DHA).

Al Ain International Airport (AAN) has welcomed new flights linking the UAE and Cairo.

Alphabet Inc's Google is ramping up cloud infrastructure in India with a second cluster of data centres in and around capital New Delhi to meet increasing customer demands in a key growth market, senior company executives said.

The Armenian National Interests Fund (ANIF) and Air Arabia have signed an agreement to launch Armenia’s new national airline.

Facebook will invest over $1 billion to support content creators through the end of 2022, the social media giant said Wednesday.

The UAE's National Programme for Coders has announced the participation of eight local universities to empower 20,000 students with coding skills.

Tax violations amounting to AED 71.48 million was uncovered by Federal Tax Authority (FTA) in local markets across the UAE.

The UAE has established its first coders club as part of efforts to support and attract the world's best coders.

E-commerce sites have reportedly seen a 98 per cent increase in the use of digital payments and a 75 per cent drop in cash on delivery.

The Abu Dhabi National Oil Company (ADNOC) announced that it has joined the Hydrogen Council.

The UAE Central Bank (CBUAE) plans to introduce a digital currency as part of its 2023-2026 strategy.

More flight options are opening up for travellers heading to Europe.

Emirates Airline has extended the suspension of passenger flights from India, Pakistan, Bangladesh and Sri Lanka until July 21.

An arbitral tribunal of the London Court of International Arbitration (LCIA) has ruled against Djibouti’s port company in its dispute with DP World.

E-commerce giant Amazon.com Inc's online store was grappling with widespread outages on Sunday night, according to outage monitoring website Downdetector, the second broad disruption to services since late June.

The 'Sharaka' platform, commissioned to support the private sector in matters of undisputed payments from the public sector, has been permanently established with a long-term goal.

Dubai’s business environment is expected to see positive momentum in the third quarter of this year.

Apple on Tuesday launched the iPhone 12 with faster 5G connectivity, which the company hopes will spur a wave of upgrades and keep its sales booming through the end of the year.