Author: Arabian Media staff

Image credit: Getty Images Dubai’s Salik toll system has announced a special variable tariff structure for Sunday, June 8, coinciding with the third day of Eid. The toll rates will fluctuate throughout the day based on peak and off-peak hours to better manage traffic flow during the festive period. تزامنًا مع ثالث أيام عيد الأضحى المباركتعرّف على رسوم المرور المتغيرة ليوم الأحد 8 يونيو، 2025 Coinciding with the third day of Eid Al-Adha, learn about the variable toll rates for Sunday, June 8, 2025. pic.twitter.com/7ujJ5vfc6k — Salik (@Salik_ae) June 4, 2025 Read-How much is Dubai’s Salik making in 2025? Here’s…

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Dubai Future District Fund (DFDF), has unveiled a dynamic performance update for 2024 at its Annual General Meeting, highlighting more than $1.65bn in capital commitments and strategic support for more than 190 portfolio companies. The announcement cements DFDF’s position as a key driver of innovation, talent development, and venture capital growth aligned with the emirate’s Economic Agenda (D33). Throughout 2024, dubbed the UAE’s Year of Sustainability, DFDF accelerated its mission to foster long-term value through responsible innovation and community-focused investment. The Fund’s impact extended beyond capital, playing a pivotal role in advancing public-private partnerships that align government priorities with startup-led…

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Image credit: Getty Images The MENA region is poised for a major surge in online shopping activity this Eid Al Adha, with experts projecting a significant rise in e-commerce orders and gross merchandise value (GMV). Read-Hi-tech shopping: AI robots are here to help you shop in Dubai According to joint research by UAE-based gifting marketplace Flowwow and global affiliate marketing platform Admitad, GMV is expected to grow by 14 to 15 per cent during the holiday season, with total e-commerce orders anticipated to rise by 10 per cent across the region. The study, based on an analysis of more than…

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Back in the halcyon days of August 2024, FT Alphaville argued that the launch of a leveraged single-stock ETF tracking MicroStrategy’s stock was the ETF industry’s shark-jumping moment.Oh how sweetly/stupidly naive we were at the time.Under new SEC chair Paul Atkins, the main US financial watchdog will “embrace and champion” innovation, an unsubtle signal to the crypto world that it can run wild once more. The inevitable result is financial abominations like this:A company called “Canary Capital” — yeah, us neither — has become the first asset manager to file with the US Securities and Exchange Commission to launch an ETF…

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Image: YouTube/ Big Ticket Abu Dhabi A retired Emirati military officer has become the latest Big Ticket winner, taking home Dh20m in the latest draw held in Abu Dhabi. Mubarak Gharib Rashed Salem AlDhaheri, a UAE national from Al Ain, was announced as the grand prize winner of the Big Ticket Abu Dhabi draw for June 2025, after his ticket number 337126 was randomly selected during the live event on June 3. AlDhaheri, who is in his 50s, has been purchasing tickets regularly over the past two years, often from Al Ain Airport. Unlike many participants who buy in groups,…

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Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Toyota Industries shares fell 12 per cent on Wednesday as minority shareholders lambasted a proposed $33bn privatisation as severely undervaluing the car parts supplier and trampling over their rights.The deal to delist the 99-year-old supplier of forklifts, car parts and textile looms, which Toyota Motor was spun out of in 1937, has provoked outrage, with shareholders warning that the allegedly unfair price and lack of transparency were a setback to Japan’s decade-long progress in corporate governance reforms.“Toyota Industries’ directors have behaved shamelessly . . . they…

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