Emaar profits soar to post $2.3bn as Dubai’s property frenzy heats up
Emaar's profits edge up amid surging property sales and robust retail growth, with future revenues secure in an AED 100 billion backlog.
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Tuesday 12 November 2024
UAE President MbZ lands down at Baku for COP29 summit
UAE President Sheikh Mohamed bin Zayed at COP29 calls for urgent, unified climate action to drive sustainable growth, while advocating for a balanced energy transition; global leaders are gathering at Baku to reinforce commitments made at COP28, strengthening climate resilience worldwide.
Sotheby’s promises luxury, heritage at Saudi’s first-ever international auction
Sotheby’s launches Saudi Arabia’s first-ever international auction, merging luxury, heritage, and art in Diriyah’s historic setting.
Saudi crown prince slams Israel’s Gaza offensive in powerful Riyadh address
Saudi crown prince Mohammad bin Salman has called for global action against Israel's Gaza campaign at Riyadh summit, denouncing attacks on Gaza and Lebanon and advocating for Palestinian sovereignty.
Fly from Abu Dhabi to Athens direct with AEGEAN’s new route
Direct flights now link Abu Dhabi to Athens, offering UAE residents quick access to Greece’s cultural allure and Aegean Airlines’ famed Greek hospitality.
Neymar champions Saudi bid for 2034 FIFA World Cup
Neymar backs Saudi Arabia’s 2034 World Cup bid, highlighting Saudi Arabia’s player-focused vision and dynamic youth football development.
Monday 11 November 2024
UAE’s introduces new aid agency to boost global humanitarian impact
The UAE introduces a powerful foreign aid agency, building on its longstanding $98 billion humanitarian legacy to uplift global communities; from disaster relief to sustainable development, the agency champions international support.
Trump’s win drives American interest in UAE property market
Trump's election sparks renewed American interest in UAE property, boosting Dubai and Abu Dhabi as investment hubs; the UAE offers stable, tax-free growth opportunities.
DIFC strengthens financial standing with timely $700mn sukuk repayment
DIFC demonstrates its financial strength by fully repaying a $700mn Sukuk, enhancing Dubai's global position as a premier financial hub with sustainable strategies and targeted investment.
UAE’s AD Ports Group makes major investments in Pakistani ports, railways, airports
AD Ports’ MoUs with Pakistan boost regional trade links, driving investment in port, rail, and aviation sectors; the UAE advances South Asia’s connectivity and economic growth.
Eric Trump’s Abu Dhabi Bitcoin bombshell set to shake up crypto industry
Donald Trump's son, Eric Trump, is set to speak at the largest Bitcoin event in the Middle East — Abu Dhabi's Bitcoin MENA — in order to highlight Bitcoin adoption in the Arab countries, with Prince Filip of Serbia set to speak as well.
Dubai Premier Padel crowns champions, honoured by Sheikh Mansoor
Dubai’s inaugural Premier Padel P1 crowned champions Coello and Gonzalez in an unforgettable tournament, showcasing Dubai’s position as a top sports destination; the city’s advanced infrastructure bolstered a thrilling event.
Star-studded Dubai Ride 2024 makes history with over 37,000 cyclists
Dubai Ride 2024 set a new record with 37,130 cyclists on Sheikh Zayed Road, highlighting community fitness and unity; Olympic stars also joined the event.
Dubai unveils ambitious project to strengthen judiciary
Dubai’s judiciary sets global standards with the new Judges’ Career Paths project, promoting specialisation, efficiency, and Emirati leadership; digital tools will boost transparency, aligning Dubai’s legal system with international best practices.
Sunday 10 November 2024
Coco Gauff ends season strong with first WTA Finals title in Saudi Arabia
Coco Gauff’s WTA Finals victory in Riyadh caps a challenging season, silences critics, and inspires fans, marking a historic moment for both the athlete and Saudi Arabia’s sports ambitions.
Dubai clinches title as most reputable city in the world
Dubai ascends to the top Middle Eastern city in Brand Finance’s Global City Index, leveraging strategic investments to secure a global reputation boost.
Dubai’s House of the Future offers AED1m for sustainable, heritage-inspired homes
Dubai’s 'House of the Future' competition offers Dh1 million for sustainable, culturally resonant housing designs, merging UAE tradition with cutting-edge architecture. Winning designs to be part of Sheikh Zayed Housing’s vision for adaptable homes.
New GCC rail project on track to unify Gulf by 2030
GCC to link Gulf states by rail by 2030, aiming to streamline trade and reduce emissions, with robust policies and advanced eco-friendly infrastructure.
Saturday 9 November 2024
Our guide to score up to 90% off with UAE’s 11.11 mega sale
The UAE’s 11.11 sale offers shoppers record discounts up to 90% across top retailers, with extra credit card perks, from Noon to Amazon UAE.
Saudi launches AI guide SARA to transform tourist experience
Saudi Tourism Authority launches SARA, an AI-powered guide offering travellers insights on Saudi cultural sites, enhancing the digital tourism experience.
UAE non-oil growth accelerates as output surges, despite softening demand
UAE's non-oil sector rebounded in October, boosted by strong output despite slower demand growth and challenges in job creation due to market crowding.
Dubai Sports Council’s new Sports Retreat gala to be held Nov 12
Dubai Sports Retreat convenes global sports leaders, aiming to propel Dubai as a leading sports hub; Sheikh Mansoor’s vision underscores a transformative decade for Dubai’s sports sector.
Sheikha Latifa heads to Dubai’s Downtown Design
Latifa bint Mohammed highlights Dubai’s creative growth at Downtown Design, uniting emerging Emirati talent with global brands; the exhibition fuels cultural and economic innovation, supporting the UAE’s creative industries.
Friday 8 November 2024
Talabat set for billion-dollar IPO debut on Dubai Financial Market
Talabat is preparing for a billion-dollar Dubai IPO, driven by the MENA’s surging demand for digital delivery. Delivery Hero’s strategic debt reduction will be a key factor in how well the IPO performs on the DFM.
GCC banks cut rates in sync with Fed
Banks across the GCC — including in Saudi Arabia, Qatar, Bahrain, and the UAE — have mirrored the US Federal Reserve's rate cut, with interest rate reductions aiming to bolster credit-driven growth in the Gulf.
UAE aligns with Fed’s rate cut, cuts Base Rate to 25 basis points
The UAE cuts its base rate following the Fed's recent move, aligning policies to tackle inflation while maintaining short-term lending flexibility. This decision signals UAE’s adaptive approach to global economic shifts.
Thursday 7 November 2024
Qatar ends Shura Council elections, redefines Emir’s oath in new referendum
Qatar’s latest constitutional amendments reshape its Shura Council, strengthen commitments to global peace, and redefine the Emir’s oath, emphasising a balance of modernisation with traditional values.
ADNOC L&S invests $4.4bn in supertanker fleet to lead low-carbon shipping
ADNOC L&S strengthens its global logistics fleet with a $4.4 billion contract to build supertankers, advancing its low-carbon and AI-driven maritime strategy.
Microsoft and UAE join forces to equip 1 million residents with AI skills
Microsoft has partnered with the UAE to train a million residents in AI, targeting workforce productivity and digital growth; the UAE has reiterated its ambitious vision for a tech-driven future.
Emirates posts record-breaking net profit of $9.3bn for first half of FY2024
Emirates Group has reported unprecedented growth in profitability, revenue, and customer demand, with a strong half-year performance fueled by new routes, sustainability initiatives, and extensive investments in premium services.
UAE leaders congratulate Trump on re-election as U.S. president
UAE leaders Sheikh Mohammad bin Zayed and Sheikh Mohammad bin Rashid have congratulated Trump on his re-election as U.S. president, looking toward a future of mutual cooperation and regional stability between the U.S. and the Emirates.
Lulu Retail’s record IPO raises AED 6.32bn on the ADX
Lulu Retail’s record-breaking IPO raises AED 6.32 billion, with robust investor interest signalling strong confidence in the UAE retail giant’s growth potential.
Wednesday 6 November 2024
Saudi crown prince congratulates Trump, pledges to strengthen US-Saudi ties
Saudi Crown Prince congratulates Trump on election win, signalling intent to reinforce US-Saudi ties and regional stability efforts amid shifting geopolitics.
Riyadh Air nears game-changing decision between Boeing 777X and Airbus A350
Riyadh Air, Saudi Arabia’s newest airline, weighs Boeing and Airbus for a major wide-body jet order, poised to transform the region’s aviation landscape with a strategic fleet expansion.
Tuesday 5 November 2024
What’s on in Qatar this Winter: F1, Doha Forum, boxing, and more
Qatar is gearing up for a thrilling event season, from world-class sports to international health summits. Highlights include the Ajyal Film Festival, Formula 1 Grand Prix, and the Doha Forum.
UAE banking sector hits record capital reserves of over AED500bn
The UAE banking sector has achieved record capital reserves of over 500 billion dirhams, with foreign and national banks collectively bolstering the economic landscape.
UAE mandates nationwide measles booster campaign for children
The UAE has mandated a nationwide measles booster campaign to safeguard public health and align with global eradication goals, focusing on high immunisation rates for children. Schools are urging parents to prioritise vaccinations.
UAE sign agreement with Siemens for major energy-saving initiative
The UAE has signed a groundbreaking agreement with the German multinational conglomerate Siemens to cut energy and water use in federal buildings by 27% in order to modernise infrastructure in the Emirates.
Saudi Arabia and Türkiye ink new economic deals in Istanbul for $30bn projected trade
Saudi Arabia and Turkiye solidify economic ties with ten new agreements at a major business forum in Istanbul, aiming for $30 billion in bilateral trade.
Emaar Square Building 3: Record-breaking $137mn property deal hits Downtown Dubai
Property brokerage Driven Properties has finalised the largest real estate deal Downtown Dubai for the fiscal year of 2024, acquiring Emaar Square Building 3 for 505 million dirhams.
