The World Bank has adjusted its 2025 economic outlook for the Middle East, attributing the revision to OPEC+'s voluntary oil production cuts. These reductions are expected to influence the region's growth trajectory, with potential implica…
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The Middle East and North Africa (MENA) region is poised for an economic resurgence in 2025, driven by anticipated increases in oil production and substantial investment initiatives. Moody's projects the region's economic growth to reach 2…
A new landmark development is set to reshape the Dubai skyline, as the Dubai Multi Commodities Centre (DMCC) partners with REIT Development to build the world’s first crypto-centric tower in the heart of the city’s Jumeirah Lakes Towers (JLT) dist…
Saudi Aramco and the Saudi Arabian Mining Company (Maaden) have announced a major joint venture aimed at producing lithium and other essential minerals that are crucial to the global transition to renewable energy. The venture, seen as a significa…
Etihad Water and Electricity (EtihadWE) has announced an ambitious set of sustainability initiatives aimed at transforming Ras Al Khaimah (RAK) into a hub for clean energy and environmental responsibility. This comprehensive plan, revealed by the …
DAMAC Group has entered into a strategic partnership with MANTRA, a blockchain platform specializing in real-world asset tokenization, to digitize assets valued at a minimum of $1 billion in the Middle East. This collaboration aims to enhance tran…
Dubai's real estate sector has experienced a significant upswing in the fourth quarter of 2024, with transactions totaling $31.7 billion, representing a 31% increase compared to the same period in 2023. This growth underscores the emirate'…
DP World has achieved a significant milestone by exceeding 100 million TEUs (twenty-foot equivalent units) in container handling capacity across its global operations. This accomplishment underscores the company's substantial investments and s…
Aldar Properties, a prominent real estate developer based in the United Arab Emirates, has launched a hybrid bond offering amounting to $30.25 million. The company is targeting an initial yield in the low 7% range, according to sources familiar wi…
Dubai’s Burj Khalifa, the world’s tallest skyscraper, has recorded a significant milestone in the luxury real estate market, with home sales surpassing Dhs467.1 million in 2024. This development signals a robust demand for premium properties in th…
GFH Partners, the Dubai International Financial Centre (DIFC)-based asset management subsidiary of GFH Financial Group, has acquired Manrre REIT, a prominent Dubai-based real estate investment trust specializing in logistics and industrial assets …
A significant majority of UAE consumers are planning to travel during the upcoming winter and spring holidays, with a pronounced inclination towards luxury and personalized experiences. According to a survey by American Express Middle East, 97% of…
Dubai Finance and PwC Academy have joined forces to introduce a new Tax Professional Certificate program aimed at strengthening tax expertise across the region. The collaboration seeks to provide professionals with a comprehensive understanding of…
Dubai authorities have unveiled a comprehensive security and organizational plan to ensure public safety during the 2025 New Year's Eve celebrations. The strategy includes deploying over 8,500 police officers, 1,145 patrols, marine rescue boat…
The global electric vehicle (EV) market is on track to see a significant surge in sales, with an expected growth rate of nearly 30% by 2025, according to recent projections from Standard & Poor's (S&P). This increase, driven by a confl…
Construction on the $95.3 million Creek Views III project in Dubai's Al Jaddaf district has reached a 15% milestone, as confirmed by Azizi Developments. The luxury residential project, part of the developer’s extensive urban expansion plans, i…
Ohana Development, a prominent real estate developer in the Middle East, has partnered with luxury timepiece and jewelry brand Jacob & Co. to launch a $1.3 billion beachfront residential project in Abu Dhabi. The development, named 'Jacob …
A new report has revealed that the educational landscape in the UAE will witness a significant shift in 2025, with an increasing number of students set to prioritize Artificial Intelligence (AI) as their field of study. This growing trend is expec…
The International Labour Organisation (ILO) recently completed a comprehensive review of the United Arab Emirates’ (UAE) labour market reforms, assessing their impact on economic competitiveness, worker welfare, and the overall functioning of the …
Dubai Courts has officially launched its "Smart Room" project, marking a significant step in its ongoing efforts to modernize the judicial system and enhance user accessibility. The initiative, which was inaugurated by His Excellency Pro…
Dubai has officially launched the Middle East’s first commercial drone delivery system, marking a significant milestone in the city's ambitious drive to integrate cutting-edge technology into daily life. This initiative is part of Dubai’s broa…
The Ministry of Human Resources and Emiratisation (MoHRE) has introduced a new basic health insurance package aimed at private sector employees and domestic workers throughout the UAE. This initiative, announced as part of the country's ongoing …