DAMAC Islands, an ambitious project by the renowned real estate developer DAMAC Properties, has officially launched, promising a new era of luxury living on the water. This visionary development is set to redefine the luxury lifestyle by combining…
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Emaar Properties and Dubai World Trade Centre (DWTC) have announced the launch of Expo Living, a new residential community located in the Dubai South development. This initiative marks a significant step in transforming the Expo 2020 site into a v…
UK tourism is experiencing a significant boost, with Gulf visitors flocking to the country in record numbers and spending more than ever before. A recent surge in tourism from the region has been highlighted by VisitBritain's efforts to enhanc…
Women now chair 13.3% of audit committees across listed companies in the UAE, marking a significant stride in gender diversity within the country’s corporate governance landscape. This milestone, revealed through a report by Grant Thornton in coll…
Dubai's Roads and Transport Authority (RTA) is spearheading a major project designed to significantly alleviate traffic congestion in the Al Warqa'a area. This ambitious initiative, which focuses on improving road infrastructure and connec…
A groundbreaking initiative launched in the UAE promises to transform the ease of doing business by offering entrepreneurs a one-stop solution to establish their ventures within minutes. The newly introduced free zone allows businesses to obtain a…
Imtiaz Group, a key player in the UAE's construction and infrastructure sector, has entered into a strategic partnership with global automation and energy management leader Legrand. This collaboration will see Legrand provide cutting-edge solu…
The United Arab Emirates has unveiled a new expansion of its Golden Visa initiative, focusing on the education sector. Teachers and school leaders in Ras Al Khaimah (RAK) are now eligible for long-term residency through the newly announced scheme.…
A new investment platform aimed at reshaping global asset management has launched in Abu Dhabi, spearheaded by a former executive of the prominent investment firm Investcorp. The platform, which is set to revolutionize opportunities within the Mid…
Air Arabia, the UAE-based budget airline, has reported an 8% increase in its net profit for the third quarter of 2024, surpassing analysts' estimates and highlighting its strong market performance. The airline's financial results reflect a…
Abu Dhabi National Insurance Company (ADNIC) has announced a robust net profit before tax of AED 342.5 million for the first nine months of 2024, signaling a steady recovery and strong performance in the insurance sector. This result represents an…
The UAE’s automotive aftermarket sector is set to reach a significant milestone, with projections indicating the industry will be valued at approximately USD 1.91 billion by 2028. This anticipated growth is attributed to an array of factors, inclu…
Gulf Cooperation Council (GCC) nations are rapidly advancing in the adoption and implementation of generative artificial intelligence (GenAI) technologies, establishing themselves as frontrunners in a domain reshaping global business and governanc…
UAE's debt capital markets have seen significant expansion, with a 13.1% year-on-year increase in issuance, reflecting investor confidence and the country's growing financial prominence. The surge in activity signals continued market stren…
A $137 million property transaction in downtown Dubai has set a new record for the year, marking the most expensive deal of its kind in 2024. The deal involves a luxurious property located in one of the city's most coveted districts, further e…
Microsoft has unveiled a series of cutting-edge solutions aimed at accelerating the energy transition towards a more sustainable future at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2024. The tech giant emphasized its…
JBF RAK LLC, a polyester producer based in Ras Al Khaimah, has announced the successful completion of its corporate restructuring—a transformative move aimed at improving the company’s financial health and operational efficiencies. This extensive …
Imtiaz Developments has officially launched Cove Edition 2, a luxurious residential project situated in Dubailand, reinforcing its commitment to innovative and high-quality real estate development. This new project aims to cater to the growing dem…
Abu Dhabi’s airports have marked a significant milestone in passenger traffic growth, with figures showing a 31.2% increase over the year up to September 2024, underscoring the city’s rising status as a global aviation hub. Abu Dhabi Airports reve…
Monroe Capital, a prominent private debt firm based in the United States, is reportedly considering the establishment of an office in Saudi Arabia as part of its strategic expansion in the Middle East. This move aligns with the firm’s focus on tap…
Forsman & Bodenfors has established a new office in the Middle East and North Africa (MENA) region, marking a significant step in the growth strategy of its parent company, Stagwell Inc. This expansion aligns with Stagwell's broader ambiti…