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…
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ENOC Group and Dubai's Roads and Transport Authority have embarked on a pioneering collaboration to assess the viability of green hydrogen-powered public transportation in the emirate. This initiative aligns with Dubai's Green Mobility St…
Dubai-based investment bank Shuaa Capital has successfully issued mandatory convertible bonds totaling AED 359 million as part of its comprehensive debt restructuring strategy. This issuance, executed on March 18, 2025, comprises two tranches: A…
Dubai's hospitality industry is set for significant growth, with plans to add more than 11,300 hotel rooms by 2027. This expansion includes approximately 4,620 rooms scheduled to open this year, as reported by real estate advisory firm Cavendi…
Sharjah's real estate landscape is undergoing a significant transformation with the development of Ajmal Makan City – Sharjah Waterfront, a coastal project in Al Hamriyah valued at AED25 billion . Spanning over 60 million square feet, this amb…
Dubai Investments PJSC has announced a net profit before tax attributable to shareholders of AED 1.3 billion for the fiscal year ending December 31, 2024, marking a 21% increase compared to AED 1.07 billion in the previous year. This significant u…
Marriott International achieved a historic milestone in 2024, securing 291 hotel deal signings across Europe, the Middle East, and Africa , encompassing over 34,000 rooms. This remarkable achievement underscores the company's strategic focus o…
The United Arab Emirates' banking sector has experienced a notable increase in employment, with the total number of bank employees surpassing 39,000 by the end of 2024—the highest figure recorded since 2015. This growth reflects the sector'…
Abu Dhabi's real estate sector experienced remarkable growth in 2024, with residential rents increasing by 20% and sales prices rising by 11%, according to a report by Cushman & Wakefield Core. This surge is attributed to heightened demand…
RAK Properties, the prominent real estate developer based in Ras Al Khaimah, has reported a substantial 40% increase in revenue for the fiscal year 2024, reaching AED1.4 billion, up from AED1 billion in 2023. This remarkable growth underscores the…
Metal Park has inaugurated the first phase of its AED 110 million Storage Hub in the Khalifa Economic Zones Abu Dhabi Free Zone, introducing a pioneering pay-as-you-go storage solution tailored exclusively for the metal industry. This facility i…
Dubai's real estate sector has experienced unprecedented growth, with property sales transactions reaching AED 33.9 billion in January 2025, marking an 18% increase compared to the same period in 2024. The Dubai Land Department also reported …
Informa PLC, a leading British events and academic publishing group, has reported an 11.6% increase in underlying revenue for 2024, reaching £3.55 billion, up from £3.19 billion in 2023. The company's adjusted operating profit also saw a subst…
Dubai World Trade Centre and Informa Group have announced a strategic partnership to create a leading entity in the Meetings, Incentives, Conferences, and Exhibitions sector, headquartered in Dubai. This collaboration aligns with DWTC's comm…
Deem Finance, a prominent UAE-based financial services firm under the Gargash Group, has finalized a $400 million asset-backed securitization facility with global banking leader J.P. Morgan. This strategic collaboration aims to enhance Deem Financ…
Jebel Sifah, a premier lifestyle destination in Oman, has introduced exclusive Ramadan offers for its Raya Villas and Solaris Apartments, aiming to attract potential homeowners with flexible payment plans and investment opportunities.
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The United Arab Emirates' banking sector is projected to maintain its earnings growth into 2025, bolstered by robust government support and strong capital positions, even as monetary policies tighten. Consultancy firm Alvarez & Marsal rep…
Digital Dubai has been awarded the 'Great Place to Work' certification for the second consecutive year, underscoring its dedication to fostering a positive and empowering work environment. This accolade, bestowed by the global authority on…
The United Arab Emirates is witnessing a remarkable transformation, driven by a strategic focus on economic diversification, sustainability, and innovation. This vision has positioned the nation as a burgeoning hub for startups and entrepreneurship…
Etihad Airways, the national airline of the United Arab Emirates, and Spain's Air Europa have announced plans to deepen their strategic partnership, aiming to enhance commercial and operational ties. This collaboration is set to provide travel…
Mergers and acquisitions in the Middle East and North Africa region reached a significant milestone in 2024, with 701 deals valued at $92.3 billion, according to the latest EY MENA M&A Insights 2024 report. This marks a notable 3% increase i…
Arada's Masaar 2 development in Sharjah has shattered sales records, with all four phases of the project sold out within three hours of its launch at 9am today. The demand for the homes was so overwhelming that potential buyers began queuing o…
The United Arab Emirates' financial technology sector currently contributes 8.7% to the nation's Gross Domestic Product , with plans to increase this figure to approximately 12% by 2031, according to Minister of Economy Abdullah bin Touq …
The Dubai Financial Services Authority has announced the appointment of Mark Steward as its Chief Executive Officer for a three-year term, commencing on 19 May 2025. Steward, who previously served as the Executive Director of Enforcement and Mark…