Emaar Properties has posted strong financial results for the first quarter of 2025, driven by a remarkable surge in property sales and increased international demand. The Dubai-based real estate giant recorded a net profit before tax of Dhs 5.4bn …
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Hyatt Hotels Corporation has appointed Briana Swift as Regional Vice President of Development for Saudi Arabia, marking a strategic leadership shift as the company accelerates its footprint in the Kingdom’s burgeoning hospitality sector.
Swift…
Fasanara Capital has appointed Fawad Tariq-Khan, the former Group CEO of Dubai-listed Shuaa Capital, as its new managing director for the Middle East. This appointment signals the London-headquartered alternative investment manager’s strategic pus…
The United Arab Emirates is set to introduce Artificial Intelligence as a formal subject across all government schools, spanning from kindergarten to Grade 12, starting the next academic year. This initiative, announced by Sheikh Mohammed bin Rash…
Ipekci Otantik, a prominent Turkish fashion label known for its commitment to sustainable and natural fabrics, inaugurated its new boutique at Dubai's Mercato Mall on April 25, 2025. The grand opening ceremony was attended by His Excellency On…
Dubai Financial Market reported a significant surge in trading activity and investor participation in the first quarter of 2025, marking its strongest quarterly performance in over a decade. The exchange achieved an Average Daily Trading Value o…
Saudi Arabia appears ready to move away from its current strategy of curbing oil output to prop up prices, signaling a potential shift in its approach after years of balancing the global market through production cuts. The kingdom’s officials have…
Emirates has moved to expand its tourism footprint by signing eight memoranda of understanding with tourism authorities across Asia, Europe and Africa during the opening day of the Arabian Travel Market in Dubai. The agreements are positioned to d…
The United Arab Emirates has been recognised as one of the leading emerging economies in artificial intelligence readiness, according to a study presented during the Dubai AI Assembly at Dubai AI Week. The new report by Boston Consulting Group , …
Dubai's tourism sector has recorded a 3% year-on-year increase in overnight visitors during the first quarter of 2025, according to Issam Kazim, CEO of the Dubai Corporation for Tourism and Commerce Marketing . This growth follows a record-bre…
Abu Dhabi Islamic Bank has posted strong financial results for the first quarter of 2025, with net profits soaring by 18% compared to the same period last year. The bank’s net profit after tax for the first three months of the year reached AED 1.…
Emaar Properties has committed over $1 billion to bolster Dubai's standing on the global stage, further embedding its role as a key player in the international real estate and infrastructure sectors. This significant investment underscores the…
Islamic banks across the Gulf Cooperation Council are intensifying merger and acquisition activities, aiming to bolster competitiveness, enhance profitability, and expand market share in an increasingly saturated financial landscape. Analyst…
The United Arab Emirates recorded a total foreign trade volume of AED5.23 trillion in 2024, marking a 49 percent increase from AED3.5 trillion in 2021, according to the World Trade Organisation’s “World Trade Outlook and Statistics” report. This…
Hotel Local, a 579-room lifestyle property, has opened its doors in Dubai’s Jumeirah Village Triangle , marking a strategic collaboration between UAE-based The First Group and US developer Hoque Global. Positioned as a community-centric hotel, the…
Majid Al Futtaim, a key player in the Middle East's retail and leisure sectors, has unveiled a strategic expansion of its luxury retail portfolio, marking a significant step forward for the company as it prepares for a dynamic 2025. The move i…
Arabian Construction Company has been awarded the main works contract for the Baccarat Hotel and Residences project in Downtown Dubai. This development, owned by Shamal Holding, marks the debut of the esteemed Baccarat brand in the United Arab Em…
Nakheel, a subsidiary of Dubai Holding Real Estate, has unveiled the third phase of Bay Grove Residences on Dubai Islands. This expansion introduces additional luxury waterfront living options, following the successful launch of previous phases.
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The Dubai Land Department has initiated the pilot phase of its 'Real Estate Tokenisation Project,' marking a significant advancement in integrating blockchain technology within the property sector. This initiative positions DLD as the fir…
Marriott International has launched the Four Points by Sheraton Dakar Diamniadio, marking the brand's inaugural presence in Senegal. Situated within the Diamniadio Sports City complex, the hotel is approximately 20 minutes from Blaise Diagne I…
Dubai-based First Group Hospitality has announced the appointment of Onur Avkan as the new General Manager of The First Collection at Jumeirah Village Circle. In this role, Avkan will oversee the 491-room property, focusing on day-to-day opera…
President Donald Trump's administration has unveiled a comprehensive tariff strategy, imposing a baseline 10% tariff on all imports into the United States, with significantly higher rates targeting specific countries. China faces a 34% tariff,…
India is urging the Financial Action Task Force to ease compliance requirements for cross-border transactions conducted through its Unified Payments Interface . This initiative aims to facilitate the use of UPI by Indian travelers abroad and enha…
Abu Dhabi Aviation and Archer Aviation have entered into a strategic partnership to introduce the Midnight electric vertical take-off and landing aircraft to global markets within this year. This collaboration positions ADA as the inaugural cust…
EHC Investment, through its energy subsidiary Emirates International Gas , has fully acquired Al Fanar Gas Group, Abu Dhabi's largest gas distributor and maintenance provider. This move solidifies EHC's position in the United Arab Emirates…
The United Arab Emirates Ministry of Investment has entered into a Memorandum of Understanding with Emirates NBD Capital, the investment banking arm of Emirates NBD, to establish a cooperative framework aimed at facilitating international invest…
Seviora Group, a Singapore-based asset management firm with assets under management totaling $54 billion, has expanded its global presence by inaugurating its first Middle East office within the Abu Dhabi Global Market . This strategic move under…
Moody's Investors Service has reaffirmed the United Arab Emirates' Aa2 long-term local and foreign currency issuer ratings, maintaining a stable outlook. This decision underscores the nation's successful economic diversification and p…