Dubai-based toy retailer The Toy Store has opened its first store in the United Kingdom. The 27,000 square feet outlet located on London's Oxford Street spans over two floors and is the largest to open in the city in 250 years. Owned by the RM Group, the Toy Store operates 12 outlets in the GCC and one in Azerbaijan. The company aims to further expand in Europe over the next three years. The launch was supported by UK Trade & Investment that helps foreign firms bring investment to the UK.
Paris AI summit draws world leaders
World leaders and technology executives are convening in Paris on Monday to discuss how to safely embrace artificial intelligence at a time of mounting resistance to red tape that businesses say stifles innovation.
16% growth in new economic licences in Abu Dhabi during 2024
The Abu Dhabi Registration and Licensing Authority (ADRA), which develops and regulates the business sector, on Monday revealed significant growth in business licences and compliance indicators in the Emirate's mainland and non-financial economic free zones during 2024.
DEWA updates billing on water consumption
Dubai Electricity and Water Authority (DEWA) has announced that it will adopt the cubic metre as the standard unit for measuring water consumption starting from the March 2025 billing cycle.
UAE, Japan to complete CEPA by end of year
The UAE Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, has said negotiations for the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Japan will be completed before the end of 2025.
US judge blocks Musk's DOGE from accessing payment systems
A federal judge temporarily blocked a Trump administration panel led by billionaire Elon Musk from accessing government systems used to process trillions of dollars in payments, citing a risk that sensitive and confidential information could be improperly disclosed.
