October 2023

DFM’s third-quarter income triples on trading value and new investor boost

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Bourse’s market capitalisation hit $190 billion at the end of the first nine months of this year The Dubai Financial Market reported an almost threefold jump in its third-quarter net income as trading value and the number of new investors rose. Profit attributable to shareholders for the three months to the end of September climbed to Dh74.06 …

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Russia Inks Deal with Dubai’s DP World To Develop Arctic Container Shipping

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Russia’s Rosatom and Dubai’s DP World, one of the globe’s largest logistics companies, inked a deal to establish a joint venture to develop container shipping along the Northern Sea Route (NSR). DP World operates more than 80 container terminals in 40 countries accounting for 10 percent of global container shipping by volume. Russia has looked …

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The Dubai Business Forum takes place at Madinat Jumeirah from 1-2 November 2023.

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Dubai Chambers reveals first names from stellar lineup of speakers set to explore the future of the global economy during Dubai Business Forum.  Dubai, UAE – Dubai Chambers has announced the first names from the distinguished lineup of guest speakers participating at the upcoming Dubai Business Forum, which takes place at Madinat Jumeirah from 1-2 …

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Dubai’s Roads and Transport Authority (RTA) has started testing autonomous cars in the Jumeirah 1 area

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A safety driver will be present behind the wheel during the initial stages of testing of these Chevrolet Bolt-based autonomous vehicles. The trials are being carried out in partnership with the self-driving technology company Cruise, which will validate aspects related to driving safety and performance. The company, which has been running driverless ride hail services in …

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Fostering European-Middle East business relationships at GITEX 2023, Dubai

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The European Innovation Council (EIC), in collaboration with the Delegation of the European Union to the United Arab Emirates and Dubai World Trade Centre, is organising the official opening reception of the European Pavilion at GITEX Global 2023, the world’s largest and most inclusive tech event.  This official launch will commence with a ribbon cutting ceremony at the European Pavilion on Monday, 16 …

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Dubai Electricity And Water Authority Commits To $40 Billion Investment In Sustainable Energy Initiatives

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Dubai Electricity and Water Authority (DEWA) continues its commitment to advancing sustainable and clean energy initiatives in the UAE. Through strategic partnerships with the private sector, DEWA is actively involved in pioneering projects in clean and renewable energy. These efforts align with the UAE’s national agenda and support sustainability in the region. DEWA’s initiatives are …

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The Dubai Assembly For Generative AI, Running From October 11-12, 2023, Will Bring Over 1,800 Experts In The Industry To The Emirate

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The two-day event will aim to initiate global dialogues on creating new opportunities, developing relevant AI regulations, and strengthening cooperation between the government and private sectors. Global experts in generative artificial intelligence (AI) are set to convene in Dubai for the Dubai Assembly For Generative AI that will take place from October 11-12, 2023, at the Museum …

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Dubai launches new public platform for reporting economic crimes

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Operating under Economic Security Centre of Dubai will enforce strict confidentiality to encourage wider participation Dubai has launched a new platform that will help the public report economic crimes, as the emirate continues to bolster its economic security framework and growth. The platform, which is part of the Economic Security Centre of Dubai, is aimed at boosting …

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