Arada’s hospitality and entertainment division has sealed a AED 100 million joint venture with Tashas Group, aiming to roll out at least ten restaurant venues across the Gulf Cooperation Council over the next two years. The partnership will introd…
Spotlight
All stories
Dubai Sotheby’s International Realty has finalised a headline-grabbing secondary villa sale on Palm Jumeirah, closing at AED 161 million, the most expensive of its kind for the island this year. Encompassing a built-up area of 10,900 square feet, …
Dubai-based Kerzner International Holdings is advancing its One & Only luxury resort brand with bold developments in Fiji and the United States. The company’s 15th One & Only resort is slated for Nacula Island in Fiji’s Yasawa chain, featu…
Domestic travel in the United Arab Emirates is gaining notable momentum, with searches for journeys within the country rising sharply by 165 percent in late June, according to data from Skyscanner. Dubai stands out as the top location for staycati…
Ajman NuVentures Centre Free Zone has unveiled its representative office in Dubai, aiming to extend its fast‑track, digitally driven business‑setup services to a wider audience. The new facility, situated on the ninth floor of Aspin Tower and est…
Borouge and Yokogawa UAE Industry have joined forces on a proof‑of‑concept project to trial an AI‑powered autonomous control room at Borouge’s Ruwais facility in Abu Dhabi. The initiative is designed to make decision‑making proactive, accelerating…
Mercure, an Accor brand, has unveiled its latest venture, Mercure Hotel Abu Dhabi Downtown, nestled in the capital’s city centre and offering 156 rooms, suites and apartments. The hotel began welcoming guests on 1 August 2025, marking another expa…
VistaJet now holds the distinction of being the first international private jet company authorised to operate domestic flights within the Kingdom. The General Authority of Civil Aviation officially granted the operator permission on 20 August 202…
Abu Dhabi Airports, the entity responsible for managing the emirate’s five commercial airports, has appointed Carsten Nørland as its new Chief Commercial Officer. Nørland, an experienced executive with a strong background in commercial and operati…
Kuwait's Gulf Bank has secured initial approval from the Central Bank to convert its operations into a Shariah-compliant Islamic banking institution. This strategic shift comes as the bank moves forward with discussions about a potential merge…
Faraday Future, a California-based company known for its innovative electric vehicle solutions, has launched its ambitious “EAI + Crypto” Dual-Flywheel & Dual-Bridge Ecosystem. The company’s bold new strategy aims to position itself at the int…
The GCC real estate market demonstrated remarkable resilience during the first half of the year, driven by strong sales activity, rising property values, and robust demand from investors across residential, commercial, and hospitality sectors. Thi…
The International Monetary Fund has lauded Saudi Arabia's economic performance, highlighting its resilience to external shocks and the successful expansion of its non-oil sectors. The IMF's 2025 Article IV Consultation report underscores …
A powerful endorsement of the nation's meteorological ambitions emerged as H. H. Sheikh Mansour bin Zayed Al Nahyan, vice president, deputy prime minister and chairman of the Presidential Court, inspected the holdings and capabilities of the N…
Dubai-listed Salik Company PJSC delivered a compelling financial performance in the second quarter of 2025, with net profit leaping 50 per cent from a year earlier to AED 400 million. The company’s revenue for that quarter climbed to AED 776 milli…
The banking sector in the UAE continues to show impressive performance, outpacing its GCC counterparts in profitability and growth. A new report by CI Capital highlights the significant strength of the UAE banks, attributing this success to a favo…
The Abu Dhabi Securities Exchange has taken a significant step forward in its mission to enhance digital trading capabilities by onboarding Thndr, a prominent retail investment platform, as its first remote retail trading member. This marks a piv…
Dana Gas PJSC, the UAE's largest private natural gas company, has announced a second-quarter net profit of $30 million, a decrease from the $34 million reported in the same period last year. This marks a 12% dip in profits, primarily due to a …
Business leaders and executives in the UAE have shown remarkable confidence in artificial intelligence to make high-stakes decisions that impact their organisations. According to a recent survey by technology services provider Endava, this trust …
Spinneys, one of the UAE's leading grocery chains, reported a significant increase in net profit for the second quarter of 2025, driven by strong sales performance. The company’s net profit surged by 18.5%, reaching AED 85 million, up from AED…
Qatar is positioning itself to become a leading player in the global tokenisation landscape, with projections suggesting that the tokenisation market could reach $16 trillion by 2030. The Qatar Financial Centre has partnered with Global Stratalog…
Saudi Arabia maintained its position as the Gulf Cooperation Council region’s dominant issuer of bonds and sukuk during the first half of 2025, although total debt issuances fell by 20% compared to the previous year. According to a report from Ku…
Abu Dhabi-based Fertiglobe, the largest nitrogen fertilizer producer in the Middle East and North Africa, has announced a net profit of $20.2 million for the second quarter of 2025. This marks a rise from the $14.3 million recorded during the same…
A landmark strategic agreement between GMG and Amazon has launched a new era in e‑commerce across the Middle East and North Africa. The collaboration aims to deliver compelling prices and curated offers on GMG’s core categories—Sports, Health &…
The UAE’s Federal Tax Authority has issued a final reminder for businesses and exempt individuals subject to Corporate Tax to complete their registration and file their first tax returns by the 31st of July. This deadline is crucial for those loo…
Emirate-owned Emirates NBD has recorded a 9 percent drop in its net profit for the first half of 2025, reporting AED 12.5 billion, down from AED 13.8 billion during the same period last year, the bank announced on Thursday. The decline has been at…
ROSHN Group has entered strategic collaborations with Singapore’s leading technology and entrepreneurship organisations as part of a major initiative to transform Saudi Arabia’s real estate development landscape. The agreements, signed under the R…