Author: Arabian Media staff
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Image credit: Getty Images Oil prices edged down on Thursday, retreating from the previous session’s seven-week high, as some investors took profits after US stocks closed lower and in anticipation of slower winter demand as well as the return of Kurdish supplies. Brent futures were down 49 cents, or 0.7 per cent, to $68.82 a barrel at 0825 GMT, while US West Texas Intermediate futures were down 54 cents, or 0.8 per cent, to $64.45 a barrel. Read more-UAE fuel prices: What will motorists pay in September? Both benchmarks gained 2.5 per cent on Wednesday to reach their highest since…
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Image: Supplied Emaar, the developer behind some of Dubai’s most prominent destinations, unveiled Dubai Mansions, its most exclusive residential project to date, aimed at ultra-high-net-worth buyers. Located adjacent to Dubai Hills Estate, Dubai Mansions will comprise a limited collection of ultra-luxury homes, each measuring 10,000, 15,000 or 20,000 square feet. The company said the new community is designed to embody space, elegance and prestige, with architecture and design inspired by international benchmarks. “There’s a kind of luxury that isn’t loud,” Mohamed Alabbar, founder of Emaar, said. “It doesn’t need validation or volume. It comes from authenticity, from knowing that what…
Image: Supplied Space42, the UAE-based AI-powered space technology company, said it is developing the country’s first sovereign mobility cloud, enabled by Core42’s Sovereign Public Cloud leveraging Microsoft Azure. The project, announced at the Dubai World Congress, will provide a sovereign-enabled platform dedicated to smart mobility and autonomous systems, hosting services such as HD mapping, telematics, fleet operations, traffic management and digital twins. Dr Fan Zhu, senior vice president of autonomous mobility at Space42, said: “The UAE has always led in technological innovation, and autonomous mobility is no exception. By building the nation’s first Sovereign Mobility Cloud with Core42 and Microsoft,…
Image: Supplied Dubai Taxi Company (DTC), together with its strategic partner Bolt, has entered into an alliance with Kabi by Al Ghurair and UAE-based ride-hailing app Zed to integrate their fleets and expand e-hailing services in Dubai. Kabi is part of Al Ghurair, one of the region’s largest family-owned conglomerates with operations in more than 20 countries. The agreement was signed by Mansoor Rahma Alfalasi, CEO of DTC, and Badr Al Ghurair, CEO of Kabi, Al Ghurair Mobility. The partnership will see DTC’s 6,200 taxis and Kabi’s 3,680 taxis integrated into Bolt and Zed platforms, with future additions to both…
Attendees at the Gulf Business Awards 2025 The Gulf Business Awards 2025, held on September 24 at The Westin Dubai Mina Seyahi Beach Resort & Marina, was nothing short of spectacular. Now in its 13th year, the event once again cemented its reputation as the region’s premier platform for celebrating innovation, resilience, leadership, and excellence across industries. With more than 400 of the Gulf’s most influential executives, entrepreneurs, and decision-makers in attendance, the evening was a celebration not only of the winners, but of the remarkable progress and transformation taking place across the region’s business landscape. The Westin Dubai Mina…
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