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…
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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…
Abu Dhabi's real estate sector is poised for significant expansion as nearly 4,000 villas and townhouses are set to be delivered in the fourth quarter of this year. This surge in the housing market aligns with the UAE's broader economic re…
A significant shift in consumer behavior is being observed in the UAE, where more than half of consumers are inclined to opt out of subscriptions they find unappealing or irrelevant. According to research conducted by Adyen, a global payments plat…
Shorooq Partners, a UAE-based venture capital firm, has set ambitious goals to redefine the investment landscape in the Middle East, positioning itself as a key player akin to Blackstone. The firm has made significant strides in identifying promis…
Dubai, UAE – MedNet, a prominent provider of insurance services in the Middle East, has announced a strategic partnership with Healthmov, an innovative health and well-being platform, aimed at launching the "Connected & Healthy" 90-D…
Du, the UAE telecommunications giant, has reported an impressive 49.7% increase in profits over the past nine months, highlighting robust growth in its mobile, broadband, and digital services. This surge has placed Du at the forefront of the regio…
Sharjah Airport has launched direct flights to the Maldives in collaboration with Air Arabia, aiming to bolster connectivity between the UAE and the popular island destination. This new service is set to cater to the growing demand for travel to t…
Ras Al Khaimah (RAK) Free Trade Zone has reported a significant influx of nearly 400 new companies within the past year, showcasing its growing appeal as a business hub in the Middle East. This surge in new registrations highlights the strategic e…
Transforming the travel experience, Dubai International Airport is set to unveil its state-of-the-art Terminal 4, integrating advanced artificial intelligence technologies aimed at streamlining the check-in process for passengers. This new termina…
A transformative shift toward clean energy and industrial growth is underway in the Gulf Cooperation Council (GCC), spearheaded by Saudi Arabia. This development is underscored by the latest findings from the United Nations Industrial Development …
Flydubai has officially announced the launch of daily flights connecting Dubai with Bhairahawa, a significant development for both travelers and the local economy. Starting November 2024, this new route aims to enhance tourism and trade between th…
A new initiative is underway to enhance accessibility in Dubai’s shopping centers as Parkin, a company specializing in innovative parking solutions, announces plans to implement barrier-free parking systems at three major malls in the city. This m…
Nasdaq Dubai has seen another major listing with Dubai Islamic Bank (DIB) successfully bringing its $500 million Additional Tier 1 (AT1) Sukuk to the market. The AT1 Sukuk, an instrument used to bolster capital and liquidity for financial institut…