Dubai

Technology stocks spiked on Tuesday on news that tension in the Middle East could be de-escalating. That could be a welcome sign for more than a dozen companies that have been put on a retaliation list by Iran's Islamic Revolutionary Guard Corps (IRGC). Iran Targets 18 Tech Companies Despite...

A fully-loaded oil tanker, Al-Salmi, sailing under the Kuwaiti flag and owned by the Kuwait Petroleum Corporation (KPC), was struck 31 nautical miles off the coast of Dubai at 20:20 GMT on Monday, according to the United Kingdom Maritime Trade Operations center (UKMTO), as tensions continue to...

Investors often frame the air taxi race around aircraft—who gets certified first, who scales production faster. Names like Joby Aviation, Inc (NYSE:JOBY) and Vertical Aerospace Ltd (NYSE:EVTL) dominate that conversation. But cities—not factories—may decide who launches the first real network. And...

Wynn Resorts Ltd's (NASDAQ:WYNN) analyst event, held last week in Dubai, increased confidence in the Wynn Al Marjan Island project, according to BofA Securities. • Wynn Resorts shares are experiencing downward pressure. What’s driving WYNN stock lower? The Wynn Resorts Analyst: Analyst...

Stocks surged ahead of the Thanksgiving holiday, with the tech-heavy Nasdaq leading the charge, gaining 0.82% to 23,214.69. The S&P 500 gained 0.69% to 6,812.61, while the Dow Jones Industrial Average gained 0.67% to 47,427.12.Investors are optimistic as the market enters a typically strong...

WeRide Inc. (NASDAQ:WRD), in an exchange filing on Monday, announced a significant move to advance autonomous transportation in the Middle East by partnering with Dubai’s Roads and Transport Authority (RTA) and Uber Technologies Inc. (NYSE:UBER). The three parties signed a Memorandum of...

Autonomous driving company Pony AI Inc. (NASDAQ:PONY) has announced it has signed an MoU with Dubai Government's Roads and Transport Authority (RTA) to deploy its autonomous taxi fleet in the Emirate. What Happened: The Tesla Inc. (NASDAQ:TSLA) rival shared the announcement in an official statement...

The Dubai Land Department launched an XRP Ledger (CRYPTO: XRP)-based tokenized real estate platform on Sunday as part of a government-backed initiative to digitize real estate in the Emirati city. What Happened: The government-run entity collaborated with real estate fintech firm...

Media and theme park giant Walt Disney Co (NYSE:DIS) is headed to Abu Dhabi, United Arab Emirates, with a new theme park coming. The new theme park resort set for Yas Island will be the seventh major theme park under the Disney name. Here's a look back at Disney's past theme park openings and how...

Dubai has announced the construction of a “Crypto Tower” to accommodate businesses operating in the blockchain sector. What Happened: According to reporting from the Khaleej Times on Wednesday, the Dubai Multi Commodities Centre (DMCC) is aiming to foster the digital asset ecosystem in...

Entrepreneur and investor Matt Higgins becomes the first shark on the U.S. and Dubai versions of the hit "Shark Tank" franchise, a show that allows investors to pitch their ideas to raise money from a panel of investors. Shark Tank Dubai: Higgins joins "Shark Tank Dubai" for the second season as a...

SolarWinds Corp (NYSE:SWI) is eyeing a new office in Saudi Arabia’s Riyadh in 2025, citing its requirements for sophisticated technology and investment rates. The enterprise software developer reported double-digit growth annually since it opened an office in Dubai in 2022, Bloomberg cited...

A senior ally of Russian President Vladimir Putin claimed on Tuesday that Washington orchestrated the French arrest of Pavel Durov, the founder and CEO of Telegram, a messaging platform essential for communication in the Ukraine war. Additionally, the United Arab Emirates has formally requested...

Stake, a Dubai-based digital platform for real estate investment, has successfully raised $14 million in its Series A funding round. The investment was led by Saudi Aramco‘s venture capital arm and Abu Dhabi’s sovereign wealth fund, Mubadala Investment Co. Why It Matters: The Series A...

The MANTRA (CRYPTO: OM) token has experienced a significant surge in the last 24 hours, with its value rising to $1.07. This spike follows a recent development involving a partnership with a bank in the UAE. What Happened: MANTRA surged by 18.58% following a recent agreement between Zand Bank and...