299 stories
For the nine months leading to this quarter, du achieved a 49.7 percent increase in net profit, reaching AED1.9 billion, driven by robust commercial momentum, a dedicated strategy, and cost-efficiency.
Dubai’s ambitious revamp of the Trade Centre Roundabout promises a smoother commute, cutting delays to 90 seconds while enhancing connectivity across its busiest intersections.
UAE attracts US$16 billion in FDI, transforming key sectors like real estate and finance to become a global investment leader with lasting international partnerships.
UAE President Sheikh Mohamed bin Zayed Al Nahyan launches Erth Zayed Philanthropies, unifying various humanitarian efforts to enhance global impact and honour UAE founder Sheikh Zayed's legacy.
Qatar gears up for the historic FIFA Intercontinental Cup final, with preparations underway to showcase elite football as Real Madrid secures a spot in this prestigious tournament.
Lulu Group’s ADX IPO promises to raise billions, anchored by cornerstone investor backing and an ambitious dividend plan to fuel its expansion across UAE markets.
Herve Renard returns as Saudi Arabia’s head coach to reshape national football and prepare for both the 2026 World Cup and Saudi Arabia’s 2034 hosting ambitions.
GCC investors should consider high-grade bonds and global diversification of assets—with hedges in gold—to mitigate rising regional geopolitical risks posed in the Middle East, advises Swiss investment bank UBS.
e& Group cements its European presence with new acquisition across a majority of Eastern European markets — namely Bulgaria, Hungary, Serbia, and Slovakia.
UAE secures Arab Parliament presidency with Mohammed Ahmad Al Yamahi elected as president, showcasing Emirati leadership and commitment to regional cooperation through parliamentary diplomacy.
Dubai and Abu Dhabi compete fiercely to draw wealth managers, with regulatory appeal and sovereign funds turning the UAE into a rising financial hub alternative.
Dubai launches the #ZayedAndRashid campaign to honour UAE’s founding fathers and celebrate national events with vibrant festivities, from cultural showcases to concerts and fireworks. The month-long celebrations run from 3 November to 2 December.
Saudi Arabia pilots hydrogen taxis, a move towards emission-free, sustainable urban mobility aligning with Vision 2030.
ADNOC advances in Europe with a €14.7 billion Covestro takeover, emphasising low-carbon ammonia via Fertiglobe’s global platform.
The Sheikh Zayed Festival returns to Abu Dhabi, offering a diverse mix of cultural events, international showcases, and immersive experiences. Expect world-record fireworks and a unique look at heritage and innovation.
Here's how you can celebrate Diwali in Dubai with vibrant fireworks, lively markets, and performances that will light up your night.
Qantas is open to Qatar Airways’ 25% stake in Virgin Australia, fostering more competition as both airlines aim to strengthen their networks. Qantas’ focus remains on ultra-long-haul routes to Europe, bypassing the need for Gulf stopovers.
Abu Dhabi's Mubadala Capital raises $3.1 billion for its private equity fund, targeting middle-market companies while expanding its global investment footprint. Recent acquisitions include Fortress Investment Group and Bugaboo.
The UAE has signed two agreements with the IMF, contributing to funds aimed at poverty reduction and climate resilience.
CBI reports record profits for 2024, driven by strong loan growth, operational efficiency, and financial resilience.
The UAE's economy is set to grow by 5.1% in 2025, driven by strong non-oil sectors and structural reforms, according to the IMF. Diversification and public investment are key growth factors.
Saudi Arabia secures $9.8B private investment to drive agriculture growth under Vision 2030, with tech and sustainability focus. Incentives like loans and infrastructure improvements will enhance food security in the Kingdom.
Financiers will gather in Riyadh from October 29 to 31 for Saudi Arabia's 8th Future Investment Initiative. Vision 2030 needs urgent foreign investment amidst tighter budgets, as Saudi eyes foreign investment.
The UAE is accelerating efforts to cement its status as a global investment hub, driven by innovation and flexible policies. Foreign direct investment has surged by 35%, reflecting the country’s growing economic influence, says Dubai crown prince Sheikh Hamdan.
UAE mosques will soon have EV charging stations as part of a new energy efficiency project. The initiative supports the country’s green mobility and sustainability goals.
Dubai’s aviation sector will contribute nearly one-third of GDP by 2030 but faces hurdles due to Boeing’s aircraft delays. Emirates is scaling up Airbus orders to meet demand.
LSE Deputy CEO highlights the UAE's dominance in MENA bond markets, driven by its leadership in sustainable investments. Strategic partnerships are key to this success, propelling growth in infrastructure and green finance sectors.
Saudi Arabia raises SAR 7.8 billion from a multi-tranche sukuk issuance, continuing its commitment to Islamic finance. The issuance spans five tranches with the largest maturing in 2039.
Emirates named world’s best airline, dominating in inflight entertainment and premium services. Awarded 19 accolades, including Best First Class and Premium Economy, highlighting its luxury offerings and loyalty programme.
Qatar Airways launches the world's first Boeing 777 flight equipped with SpaceX's Starlink internet, offering passengers free, high-speed connectivity. The airline plans rapid fleet-wide roll-out, marking a leap in in-flight passenger experience.
Arada unveils W Residences at Dubai Harbour, offering luxury seafront living with Dubai’s longest infinity pool and world-class amenities. With stunning views of Ain Dubai, this three-tower project will redefine urban luxury.
Ignyte, Dubai's dynamic new platform, empowers startups with access to global investors, mentors, and exclusive perks, driving entrepreneurial growth. Created by the DIFC, it bridges gaps between entrepreneurs and key stakeholders in Dubai’s expanding digital economy.
Saudi Arabia is in talks to acquire Qatari broadcaster BeIN Sports, marking a significant potential shift in Middle East sports media. The deal is in line with the Kingdom's growing investment in sports, both regionally and globally.
Abu Dhabi and Dubai ranked first globally for ease of entry, driven by open immigration policies that attract top talent. GCC cities thrive in services and innovation, leading economic diversification efforts.
Saudi Aramco CEO Amin Nasser remains optimistic about China’s oil demand amid ongoing energy transition challenges, citing growth in liquid-to-chemical projects. Nasser emphasised the importance of a balanced energy mix for developing countries, where oil demand remains strong.
GCC IPOs raised $1.7 billion in Q3 2024, led by NMDC Energy in Abu Dhabi and several key offerings in Saudi Arabia. Q4 promises more activity with Lulu Hypermarket and Talabat set to list.
LuLu Group is launching a three-tranche IPO, offering 25% of its stake on the Abu Dhabi Securities Exchange starting 28 October 2024. The retail giant aims to raise between $1.7 and $1.8 billion, with plans to allocate shares to employees and pay a 75% dividend on annual profits.
Qatar Chamber has slashed fees for services to encourage local businesses and attract foreign investment. The decision is part of Qatar’s broader strategy to promote economic diversification and strengthen its position as a regional business hub.
