The merchandise will be manufactured by Baseball United’s Official Apparel Partner, Arrieta
Author Archives: Staff Writer
Abu Dhabi
LuLu Chairman Yusuff Ali signals potential Saudi listing; Abu Dhabi IPO to drive growth
Revelations on possible new plans come close on the heels of Lulu announcing its Abu Dhabi IPO plans
Funding
Pakistan’s COLABS raises $2mn pre-series funding, eyes Saudi Arabia and MENA expansion
The funding round was led by Shorooq Partners, with participation from Saudi-based Waad Investment
Bahrain
GFH’s $500 million, 5-year sukuk oversubscribed four times
Proceeds will enhance the group’s financial position and fund its ongoing growth and diversification strategies
golf tournament
LIV Golf to offer one season-long card through Promotions event in Riyadh
The winner of the tournament gets into the 54-man roster of the PIF-backed League in 2025; Top-10 get exemption to International Series
Football coach
Saudi fire national coach Roberto Mancini after poor run of results
The renowned Italian coach was just into the 14th month of what was considered the world’s best-paid coaching job
Investment in Abu Dhabi
Sheikh Hamdan calls on UAE to further boost investment and attract entrepreneurs after $31bn inflow
UAE looking to attract more businesses, investments and entrepreneurs as part of the We the UAE 2031 vision
Dubai real estate
Dubai real estate market shifts towards affordable property with 2 in 5 sales worth less than $272,000
ValuStrat report identifies trends in Dubai real estate sector with most villa prices doubling since 2020 and mid-market properties becoming popular
Breitling
Breitling celebrates 140-year anniversary with 3 new watch designs
Luxury watchmaker Breitling is celebrating its 140th anniversary with new collection
Saudi Arabia
Saudi Arabia announces mandatory USB-C charging for mobiles and electronic devices
Saudi Arabia has announced mandatory USB-C charging for mobiles in the Kingdom
Artificial intelligence
Qualcomm bets big on on-device AI, Middle East boss reveals at GITEX 2024
The chip giant’s latest innovations, unveiled at GITEX 2024 in Dubai, signal a seismic shift in how we interact with technology, from smartphones to industrial operations
Saudi exports
Saudi non-oil exports hit $7.3bn last month, oil exports fall 15.5% in a year
Saudi Arabia sees increase in value of exports, according to GASTAT research
Localisation
Saudi Arabia Energy Localisation Forum sees $28bn of deals
Saudi Arabia aims to achieve 75 per cent localisation in the energy sector
Dubai
Popular Indian restaurant Gazebo opens new outlet at Dubai Silicon Oasis
The opening of the new outlet – Gazebo’s 35th restaurant in the emirate, coincides with the Indian festival season
AI
Dubai real estate developer launches AI-powered $545m Laguna Residence in City of Arabia as Kareena Kapor and Amr Diab look on
Dubai real estate developer launches first fully AI-integrated residential project in the region at City of Arabia
celebrities
Shah Rukh Khan and Aryan Khan to launch D’YAVOL in UAE with exclusive AfterDark+ event
The launch event, slated for October 27 at the experiential Sky 2.0, will feature King Khan himself as the showstopper, alongside a host of A-list celebrities and influencers
Aviation
Dubai aviation sector activities to add $53.4bn to GDP and contribute to 816,000 jobs by 2030
Ambitious aviation targets are expected to see massive growth in the sector in Dubai with major airport and airline expansions
car rental
Car subscription platform Invygo raises $8mn from Saudi Arabia’s STV, existing investors to fuel growth
The latest capital infusion comes at a time when the company is nearing profitability, which is expected by the end of FY 2024
Abu Dhabi
Abu Dhabi’s ADIA to invest $750mn in GMR Group’s debt refinancing in India
The group is to use the proceeds for refinancing debt of its promoter group entity
Apple
Apple, Goldman Sachs to pay $89mn penalty for consumer failures
The CFPB ordered Goldman Sachs to pay at least $19.8mn in redress and a $45mn civil money penalty, and Apple to pay a $25mn civil money penalty
Apparel Group
Apparel Group and Mobily join forces to elevate customer loyalty experience in Saudi Arabia
The collaboration will allow Mobily customers to redeem their Neqaty Points for a variety of products at select Apparel Group brands
air travel
Saudia reports 10% increase in passenger traffic for Q3 2024
The airline posted a 9% jump in flight operation in the quarter, operating more than 49,500 flights
infrastructure investment
Kuwait signs $1.3 bn of road improvement deals
The contracts are for a three-year period
Dubai
Dubai’s luxury real estate surges amid rising demand for eco-friendly properties: Report
Besides, the UAE smart home market will see its revenue crossing $76 million this year, and expanding to $114 million by 2028
Dubai
Dubai’s first branded district on the water canal launches with exclusive Eden House development
Positioned at the canal’s closest point to Sheikh Zayed Road, residents can enjoy seamless connectivity to key business hubs like Downtown Dubai
Dubai
Hospitality major Six Senses to open 4 new properties including in Dubai, Saudi Arabia in 2025
Each new Six Senses property in London, AMAALA, Milan, and Dubai reflects the brand’s commitment to responsible, extraordinary experiences
Brand View
e& Enterprise CEO: UAE poised to lead global AI race through strategic investments, talent push
On the sidelines of GITEX Global 2024, e& Enterprise’s CEO Salvador Anglada discusses how the UAE is winning the global AI race and the importance of tech adoption
BRICS
BRICS summit: Members discuss financial plans as Putin calls for USD alternative, false currency claims spread
Overnight social media posts claimed Putin had announced a new BRICS currency to replace the dollar – reports that have not been verified by official sources
Aviation
Boeing posts $6.2bn loss, the second-worst quarter in history
Hours after the results, union workers decide to reject new contract and extend its strike into a sixth week
Abu Dhabi
RightJet unveils private jet showroom in Abu Dhabi’s Emirates Palace
The facility, located in the hotel’s atrium, combines a client lounge and sales office while offering visitors an immersive private aviation experience
Abu Dhabi real estate
Abu Dhabi real estate: Al Reem and Yas Islands continue to attract high-end buyers
New analysis by dubizzle shows a notable uptick in the prices and rents of luxury properties for third quarter in the UAE capital
Dubai Future Foundation
Dubai Future Foundation launches 2 sandboxes to boost gig economy and proptech sectors
Dubai Sandbox initiatives look to assist development of the gig economy and PropTech sectors
Dubai real estate
Dubai proptech startup PRYPCO handed $10m boost to support real estate financing and Golden Visa applications
PRYPCO raises $10m in seed funding as it looks to transform real estate financing and Golden Visa registration
City Centre Deira
Parkin signs deal to manage parking at popular malls in Dubai
Parkin and Majid Al Futtaim Properties sign mall parking deal in Dubai
APEX ADGM
Apex revolutionises client engagement through digital transformation
The company is transforming traditional paper processes
Dubai hotel
Dubai has 19,200 new hotel rooms in pipeline as investors eye tourism boom
Increasing average daily rates and revenue per available room as well as a 19,200-room pipeline have Dubai hospitality investors looking forward to growth
China
Chinese EV maker NIO makes Middle East debut with UAE launch
NIO will also open its first Middle East showroom at Abu Dhabi’s Galleria Al Maryah Island this year
Dubai real estate
Dubai real estate: $37.8bn Q3 spend despite slight dip in sales of properties over $2.7m
Residential and commercial real estate sales in Dubai reached almost $38bn in Q3 says Engel & Völkers Middle East
cyber fraud
India launches system to block international spoofed calls amid rising cyber fraud
Of late, cyber criminals have been committing cyber-crimes by making international spoofed calls displaying Indian mobile numbers
Bioniq
Cristiano Ronaldo invests in AI-driven personalised healthcare venture Bioniq; boosts its valuation to $82mn
The soccer legend will also participate in future brand and product innovation of the company
FDI
Saudi foreign direct investment up 240% to $25.5bn as manufacturing leads boom
Saudi foreign direct investment continues to thrive with UAE and America among top funders
business of coffee
World of Coffee Dubai 2025: Industry event returns as MENA market set to hit $11.5bn
World of Coffee Dubai will bring together industry experts and coffee-lovers to address $11.5bn MENA industry
Abu Dhabi
Abu Dhabi’s Data for Good framework embraces public-private collaboration
Built on pillars of trust, innovation, and sustainability, it ensures data is shared securely, protecting both privacy and competitive advantages
National Center of Meteorology (NCM)
UAE weather forecast: Heavy rain expected this week
Heavy rain expected in the UAE as NCM reveal short-term weather forecast
Indonesia
UAE and Saudi residents now get Indonesia visa on arrival with VFS Global support
VFS Global appointed as private sector partner for Indonesia visa on arrival for UAE and Saudi residents
free wi-fi
Qatar Airways announces world’s fastest on-board Wi-Fi with Starlink, free for all passengers
Qatar Airways introduces fast, free Starlink Wi-Fi onboard its planes
IMF
Saudi Arabia’s GDP growth revised down to 1.5% by IMF for 2024
The Fund, however, estimated the Kingdom’s GDP growth to accelerate to 4.6% next year
Business Bay
Dubai real estate: KASCO Group announces $136m wellness development in Business Bay
New $136m Business Bay development has 348 residences from debut Dubai developer
Aviation
Mohammed Bin Rashid Aerospace Hub partners with IER to launch advanced MRO facility in Dubai South
The facility will feature a one-of-its-kind engine test cell capable of testing both Aero Engines and Aero-Derivative Industrial Engines
acquisition
UAE mobility firm EasyLease acquires majority stake in Gallega Global Logistics
The acquisition marks the entry of EasyLease, a subsidiary of IHC, into the UAE’s logistics sector
Dubai
Dubai real estate: Medallion Associates announces launch of institutional investor desk
The newly created desk will focus on enhancing access to institutional capital by collaborating with investment consultants, advisors, and placement agents
clean energy
UAE, Rajasthan government sign MoU to explore 60GW renewable energy investment
The agreement aims to bring in best-in-class renewable energy technologies to build a long-term plant serving critical energy needs in the state
AHS PROPERTIES
Dubai real estate: Luxury Palm Jumeirah villa sold for $35.4m
AHS Properties announces sale of Searenity luxury villa in Palm Jumeirah, Dubai
Abu Dhabi
ADNEC Group to expand portfolio with acquisition of Royal Catering
By integrating 2,500 employees and a daily capacity of 50,000 meals, ADNEC’s Capital Catering will become one of the largest in Abu Dhabi