The United Arab Emirates has solidified its defence capabilities by signing five military contracts totalling Dh5.8 billion during the second day of the International Defence Exhibition and Conference 2025 in Abu Dhabi. These agreements, announce…
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Dubai's largest bank, Emirates NBD, is set to issue $1 billion in Additional Tier 1 capital securities, offering a 6.25% yield. The perpetual bonds, scheduled for listing on Euronext Dublin and Nasdaq Dubai, have a first call date in August 2…
Abu Dhabi-listed Investcorp Capital has made significant strides in expanding its US real estate holdings, securing four new student housing assets for a combined value exceeding $300 million. These acquisitions, located in Texas and Oklahoma, ref…
Sofitel Dubai Downtown has appointed Abigail Brown as the new Director of Talent & Culture, marking a significant move in the hotel’s ongoing commitment to enhancing both talent development and guest experiences. With over ten years of experie…
SentinelOne, a global leader in AI-powered cybersecurity solutions, has been honoured as one of the Best Workplaces in the UAE for 2025 by Great Place to Work®, a renowned global research and consultancy firm. This accolade underscores SentinelOne&#…
Telecom giant e& has reported a 4.30% year-on-year increase in consolidated net profits for 2024, totalling AED 10.75 billion, up from AED 10.30 billion in 2023. The company’s performance reflects strong growth in both its traditional telecomm…
Emirates Central Cooling Systems Corporation has reported a significant financial upturn for the fiscal year 2024, achieving an annual revenue of AED 3.3 billion, a 7.4% increase from the previous year. The company's net profit stood at AED 9…
AD Ports Group has reported a significant financial upturn for the fiscal year ending 31 December 2024, driven by strategic acquisitions and robust organic growth. The company's revenue soared by 48% year-over-year to AED 17.29 billion, bolste…
Air Arabia has announced a record pre-tax net profit of AED 1.6 billion for the year ending December 31, 2024, marking a 4% increase from AED 1.5 billion in 2023. The airline's total turnover reached AED 6.63 billion, an 11% rise from AED 6 bi…
The United Arab Emirates has ascended into the top 10 countries globally for the number of artificial intelligence companies per million inhabitants, as detailed in the Global AI Competitiveness Index. This achievement underscores the nation'…
Aldar Properties, the prominent Abu Dhabi-based real estate developer, has reported a 47% year-on-year increase in net profit, reaching AED 6.5 billion in 2024, up from AED 4.41 billion the previous year. This significant growth is attributed to r…
Dubai's tourism sector experienced a significant surge in 2024, welcoming 18.72 million international visitors, marking a substantial increase from the 17.15 million recorded in 2023. This growth underscores the emirate's successful strate…
Dubai's real estate sector commenced 2025 with a remarkable performance, recording property sales totaling AED44.4 billion in January—a 24.1% increase in value compared to the same month last year. The number of transactions also saw a signifi…
The UAE’s debt capital market is poised to reach an impressive $400 billion in value, driven by favourable policies and a robust economic outlook. According to Fitch Ratings, the country’s financial markets have been buoyed by the government’s ini…
Lunate Capital LLC has become the first Abu Dhabi-based fund manager to receive initial authorization from the Ministry of Human Resources and Emiratisation and the Securities & Commodities Authority to offer the UAE's Voluntary Alternat…
Morgan Stanley's latest forecast indicates a significant upswing in mergers and acquisitions activity across the Middle East and North Africa region, anticipating that deal volumes and values will experience a substantial increase in the com…
Abu Dhabi’s robust population and tourism growth have positioned the Abu Dhabi National Housing Company for a promising future. As the UAE capital continues to expand, the ADNHC is expected to see significant opportunities for growth in both resi…
The Gulf Cooperation Council (GCC) continues to assert its influence in global trade, with recent developments underscoring its pivotal role in international commerce. In the first quarter of 2024, GCC markets accounted for 55.5% of total exports …
Bahrain is set to issue international bonds and sukuk totaling between $2 billion and $3 billion in 2025, aiming to bolster its fiscal position and finance key infrastructure projects. This strategic move underscores the kingdom's commitment t…
Etihad Rail has announced plans for a high-speed rail line that will connect Dubai and Abu Dhabi in just 30 minutes, significantly reducing travel time between the two cities. The trains are expected to operate at speeds up to 350 km/h, offering a…
RAK Properties, a leading real estate developer in Ras Al Khaimah, has announced plans to launch 12 new projects in 2025, collectively valued at Dh5 billion ($1.36 billion). This strategic initiative aims to capitalize on the growing demand for re…
Saudi Arabia's banking sector is intensifying efforts to engage with international capital markets, aiming to secure substantial funding for the nation's ambitious Vision 2030 projects. This strategic move is essential as domestic banks fa…
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…
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 …