Author: dailyguardian.ae

Dubai Taxi Company on Wednesday announced that its initial public offering (IPO) was oversubscribed 130 times. The final offer price was set at Dh1.85, indicating a market value of Dh4.6 billion when the company starts trading on the Dubai Financial Market on December 7. The taxi operator announced the successful completion of the bookbuild and public subscription process for its IPO on Wednesday. The final price resulted in an Offering size of around Dh1.2 billion (equivalent to approximately $315 million). The company and the selling shareholder confirmed the previously announced offering size consisting of a total of 624,750,000 shares, equivalent…

The UAE Team started strongly and lead both the Ladies and Under-15 Girl’s Team Divisions after round one of the Pan Arab Ladies and Junior Championships at Riyadh Golf Club, Saudi Arabia. Hosted by the Saudi Arabian Golf Association as Office Bearers of the Arab Golf Federation, the tournament has attracted representatives from 12 countries who are competing in 10 Divisions – both Team and Individual. The UAE Ladies’ Team is represented by Intissar Rich, Jamie Camero and Alia Alemadi, with Rich and Camero both shooting level par 72’s to be three shots ahead of Team Morocco. In the UAE…

Walmart is reliable source of all kinds of deals — whatever you’re looking for, the retailer has something that will meet your needs and budget. We’ve rounded up the best Walmart deals below so that you won’t have to browse the thousands of offers on its website, but you should know that these bargains won’t last forever. Stocks of the more popular devices are probably already running low, so if you want to take advantage of any of these discounts, you need to do so now while they’re still online. Best Walmart TV deals If you’re looking for TV deals,…

On the occasion of the 52nd Union Day in the UAE, His Highness Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has ordered the release of 475 inmates from Punitive and Correctional Institution. The pardoned inmates were selected based on good conduct and behaviour and have met all conditions of pardon. On this occasion, Major General Saif Al Zari Al Shamsi, Commander-in-Chief of Sharjah Police, thanked Sharjah Ruler for the kind gesture reflecting his keenness to maintain families’ cohesion and stability. The UAE President, His Highness Sheikh Mohamed bin Zayed Al Nahyan, also ordered…

The maiden edition of Brands of India trade show organised by The Clothing Manufacturers Association of India (CMAI), was inaugurated by Butti Saeed Al Ghandi, Vice-Chairman of the Dubai World Trade Centre. The event ran from November 27 to 29. Supported by the Embassy of India-UAE, The Dubai Textile Merchants Association (TEXMAS), Dubai International Chamber and the Readymade Garments Merchants Group Dubai, the trade show demonstrates the rapid pace at which Indian businesses are entering the UAE market indicating a strong and positive momentum post the signing of the India-UAE Comprehensive Economic Partnership Agreement (CEPA) in 2022. Piyush Goyal, Minister…

Minkyeong Kim showcased sizzling form with her putter to win the Ladies Heritage Trophy at the Emirates Golf Club’s Faldo and Majlis Courses. Kim rattled in 16 birdies over the 36 holes and added two eagles for a two-round total of 77 Stableford points. She scored 37 points in Round One and followed it up with 40 points in Round Two. The highlight of her game were the four birdies she had over five holes on the front nine in Round One. Sixty-one players from the EGC Ladies’ Section ompeted for the title. Second place went to Nonita Chand with…

Google has heard everyone’s demands and has given in to a highly requested feature that should have already been a thing with the Google Pixel Watch 2: a fully charged notification. Yes, that’s right — you’ll now get a notification on your Android phone when your Pixel Watch 2 is fully charged. Hallelujah! This new feature should be available starting today via the Pixel Watch app on version 2.1.0.576785526. Google did not formally announce this feature, so it seems to be rolled out quietly (and was first spotted by Android Authority). Essentially, when your Pixel Watch 2 is fully charged,…

On Wednesday, the Integrated Transport Centre announced a temporary ban on certain vehicles entering Abu Dhabi. Heavy vehicles such as trucks and buses used for transporting workers to Abu Dhabi will be restricted from entering Abu Dhabi Island. This temporary ban is scheduled to be effective from Friday, December 1, 2023, to Monday, December 4, 2023. Authorities said entrances, including Sheikh Zayed Bridge, Sheikh Khalifa Bridge, Mussafah Bridge, Al Maqta Bridge will be off limits to some heavy vehicles from 12pm on December 1 to until 1am on December 4. Stay up to date with the latest news. Follow KT…

It has become increasingly clear from the vast array of information on climate change that advancing environmental, social, and governance (ESG) goals is an essential part of any long-term solution to the crisis. Although the loosely defined concept remains a work in progress, the upcoming United Nations Climate Change Conference (COP28) in Dubai provides an opportunity for business leaders and policymakers to agree on how ESG can best contribute to achieving net-zero emissions by 2050. Sound ESG strategies that focus on robust standards, clear metrics, and strict compliance procedures can improve the investment decision-making process for firms in all sectors.…

The head of Dubai’s Emirates has urged Rolls-Royce to go “back to basics” and focus on the performance of its engines, a day after the British firm laid out plans to quadruple profits. Shares in the engine maker rose after CEO Tufan Erginbilgic unveiled a strategy on Tuesday to revive its fortunes including a sharp increase in profit margins and “value-driven pricing,” suggesting higher servicing bills. But Emirates airline President Tim Clark, who criticised Rolls over pricing and the performance of its largest engine at this month’s Dubai Airshow, appeared unswayed by the plans which rely on sharply increasing civil…