Islamic banks across the Gulf Cooperation Council are expected to deliver higher net profitability than their conventional counterparts in 2025, according to a Moody’s analysis. The rating agency highlights that even as interest rates decline, Isl…
Lebanon’s cabinet has approved a licence for Starlink, the satellite-internet firm owned by Elon Musk, allowing it to provide internet distribution services across the entirety of the country.
Government spokesman Tony Saad, speaking for Telec…
Dar Global PLC announced that its ordinary shares have been successfully transferred from the Equity Shares category to the Equity Shares category on the Official List of the UK Financial Conduct Authority, effective 08:00 BST on 8 September 202…
Abu Dhabi’s Department of Energy has finalised a pioneering agreement with Goldman Sachs International to explore financing models aimed at securing long-term water ensures while fostering sustainable economic growth. The agreement, the first of …
Azizi Developments unveiled Azizi Tower 1, a premium commercial building in Al Jaddaf, during an event at the Jumeirah Beach Hotel on 10 September. The tower is pitched as a flexible hub for office, retail, clinic and other commercial uses, with l…
Cantor Fitzgerald LP plans to build a team of 25 to 50 bankers in the Middle East, after bringing on Ali Khalpey, a veteran rainmaker from EFG Hermes, to head its investment banking and capital markets operation in the region. The Wall Street firm…
INDEX Saudi Arabia 2025 is underway in Riyadh, bringing over 400 exhibitors from across the Middle East and beyond to the Riyadh Front Exhibition & Conference Centre from 9 to 11 September. Attendees include global luxury names such as Maison …
Dubai-based technologists are forging a path beyond donor-dependent corneal treatments with an innovative eye implant that projects images directly onto the retina, offering hope to the more than 12 million people awaiting transplants. This emergi…
Bankers across the Middle East anticipate a flurry of deal-making activity in the final months of the year, aiming to balance an uneven start marked by a disrupted IPO window—Ramadan extending through March—and turbulence caused by US trade tariff…
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…
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…