Nakheel, the renowned real estate developer based in Dubai, has awarded contracts valued at $1.36 billion for the construction of luxury villas on the Palm Jebel Ali, signaling a significant commitment to the development of one of the region's…
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Emirates NBD, one of the largest banking groups in the Middle East, has announced a net profit of AED 3.4 billion for the third quarter of 2024, a figure consistent with its performance from the same period last year. The results reflect the bank&…
Emirates is set to receive its first Airbus A350-900 aircraft in early November, marking a significant milestone for the airline after enduring prolonged delivery delays. Initially slated for delivery in mid-2023, the delivery was postponed due to…
The United Arab Emirates is poised to become the first country in the Middle East to implement a biometric payment system using palm prints, allowing residents to pay bills and withdraw cash without traditional payment methods like cards or mobile…
Aldar Properties, in partnership with Mubadala Investment Company, has officially commenced construction on One Maryah Place, a significant development in Abu Dhabi's financial district. The project promises to reshape the area with a mixed-us…
Masdar, the Abu Dhabi-based clean energy giant, and Presight, a leading artificial intelligence company, have formalized a new partnership aimed at revolutionizing asset management through AI technology. The collaboration is poised to enhance the …
Knight Frank and Al Kathiri Holding have entered into a landmark partnership, aimed at bolstering Saudi Arabia's growing hospitality and real estate sectors. This collaboration represents a significant step towards supporting the Kingdom's…
Dubai's burgeoning start-up ecosystem has reached a significant milestone, with funding growing to AED 8 billion (approximately $2.18 billion) as of October 2024. This surge is attributed to a combination of strategic government initiatives, v…
A growing number of UAE residents want more accessible recycling infrastructure to help them adopt sustainable living practices, according to a survey conducted by Sparklo, a cleantech company specializing in recycling technologies. The study, which…
Mubadala Investment Company’s KELIX Bio has strengthened its position in the life sciences sector by acquiring four pharmaceutical assets from GlobalOne Healthcare Holding. This strategic move highlights KELIX Bio's commitment to expanding its…
GITEX GLOBAL and Expand North Star, Dubai’s premier tech events, are shaping the future of the AI economy with ambitious growth projections. These events, part of Dubai’s drive to establish itself as a global leader in technology and innovation, a…
Rotana, a prominent hotel management company, has entered into a strategic partnership with Abu Dhabi Hospitality Academy – Les Roches, aiming to develop local talent for the UAE’s thriving hospitality sector. This collaboration marks a significan…
Expanding its international footprint, Neweast, a prominent automotive distributor, has officially inaugurated its first branch in Jeddah, Saudi Arabia, in collaboration with Isuzu Motors. This strategic move marks a significant milestone for the …
Emirates Airlines is making a significant investment in its future operations by allocating $48 million to train pilots and cabin crew for its upcoming Airbus A350 fleet. This financial commitment comes as the airline prepares to incorporate 50 Ai…
Telecom operator du, one of the UAE's leading digital service providers, has restructured its Business-to-Business (B2B) portfolio, introducing new sub-brands aimed at advancing the country's digital transformation. The move, which include…
Hafeet Rail has secured a significant contract with Progress Rail, a leading provider of rail solutions, to supply a modern fleet of freight locomotives, marking a pivotal development in the region’s rapidly growing rail infrastructure. This deal …
Arada Developments LLC, a Sharjah-based real estate developer, has successfully executed a $150 million tap issuance as part of its $400 million sukuk due in 2029. This move highlights the company’s continued efforts to strengthen its financial po…
A luxurious property in Abu Dhabi has set a record by being sold for $35 million, marking it as the most expensive residential transaction in the capital's history. Located in the exclusive Saadiyat Island area, this opulent villa has captured…
United Property Projects (UPP) has officially announced a significant development in Motor City, Dubai, with a planned investment of $315 million. This venture is poised to enhance the area’s landscape, further solidifying Motor City’s reputation …
Salesforce has officially opened its new office in Dubai, marking a significant expansion of its operations in the Middle East. This launch coincides with the unveiling of Agentforce, a new product designed to enhance the customer experience throu…
A significant surge in passenger numbers has characterized Dubai's limousine sector, reflecting the city's burgeoning tourism and business activities. A recent report reveals that the number of passengers utilizing limousine services incre…
Air travel in Dubai is poised for a significant upgrade as dnata and beOnd announce a strategic partnership aimed at elevating the premium travel experience for passengers. This collaboration seeks to offer personalized services that cater to the …