MIRA Developments partners with ELIE SAAB

MIRA Developments and ELIE SAAB announce partnership for 3 exclusive real estate projects in the North Caucasus

ELIE SAAB Caucasus will seamlessly integrate three distinct locations across the North Caucasus region into a singular, unparalleled venture

Dubai’s RTA introduces new ‘Stadium’ bus station

RTA inaugurates new ‘Stadium’ bus station, improves bus routes

The bus station is designed to shorten travel times and provide seamless connections to other mass transit options

women occupy 10.8 per cent of board seats in listed UAE firms shows report -hr-GettyImages-1398963973

Women now hold 10.8% of board seats in listed UAE firms, reveals report

The report showed that while the UAE leads the region with women holding board seats, the overall picture for the GCC is less rosy

Growth in UAE’s non-oil sector accelerates in April

UAE’s non-oil business activity picks up in April, S&P Global says

The seasonally adjusted S&P Global UAE PMI dropped to 55.3 in April, the lowest reading since August 2023, and further eased from 56.9 in March

e& Group refutes reports of potential United Group deal

e& Group refutes report of potential United Group deal

The Abu Dhabi-listed firm said it “continually reviews relevant market opportunities with the objectives of maximising shareholder value”

ADNOC boosts oil production capacity to 4.85 million bpd

Abu Dhabi’s ADNOC says oil production capacity hits 4.85 million bpd

The announcement comes just ahead of a June 1 meeting in Vienna of the OPEC+ alliance

NBK sells alternative investment unit to Janus Henderson

Janus Henderson buys alternative investment unit of Kuwait’s NBK

The team at NBK Capital Partners will join the $353bn asset manager as the firm’s new emerging markets private capital division

Faisal Al Sahlawi – GM – Dubai Autodrome

Dubai Autodrome’s GM Faisal Al Sahlawi shares its role in driving motorsport in the UAE

As the UAE’s premier motorsport and entertainment venue, Dubai Autodrome hosts some of the largest motorsport grids in the region plus a host of international events

Apple Iphone 15

Apple unveils record $110bn buyback as results beat low expectations

Apple’s quarterly revenue fell, but less than analysts had expected, and CEO Tim Cook said revenue growth would return in the current quarter

Qatar’s GDP grew 1.2% year on year in Q3 2023

Qatar’s economy grew 1.2% year-on-year in Q3 2023

The Gulf state posted a budget surplus of QAR1.4bn in the final quarter of 2023, which was used to reduce public debt

Fakeeh Care Group sets IPO price range, seeks to raise $763m

Saudi Arabia’s Fakeeh Care Group sets IPO price range, seeks to raise $763m

The hospital group is offering 49.8 million shares, equivalent to 21.47 per cent of the company’s total issued share capital

Dubai-Financial-Market releases upgraded ivestor app image Dubai Media Office

Dubai Financial Market releases upgraded iVestor app

The iVestor App allows direct subscription to both public and private offerings, enhancing investment accessibility in the region

Saudi Arabia acquires stake in critical metals mining company Vale SA

Saudi mining update: Vale transfers 10% to Manara while Mosaic to sell stake to Ma’aden

Vale and Manara Minerals is a joint venture between Saudi Arabian Mining Company, Ma’aden, and Saudi Arabia’s Public Investment Fund

Global air passenger demand rises in March 2024 says IATA GettyImages-1297964713

By the numbers: Global air passenger demand soars in March

March data from IATA signals a positive trend in the aviation sector, with airlines poised to capitalise on rising passenger demand in the months ahead

Aldar unveils ‘active living’ community Athlon in Dubai

Sales of units at the first phase of Athlon will launch on May 7, with prices starting from Dhs2.8m

Abu Dhabi's ADQ lists debut $2.5bn bond on London Stock Exchange

Abu Dhabi’s ADQ lists debut $2.5bn bond on London Stock Exchange

Leveraging favourable market conditions and investor appetite, ADQ’s bond issuance garnered significant interest

Saudi Arabia’s Q1 GDP contracts by 1.8%, oil sector weighs

Saudi Arabia’s Q1 GDP contracts by 1.8%, oil sector weighs

The statistics authority estimated that oil activities plunged by 10.6 per cent in the first quarter compared to the same period a year ago

Emirates, Boeing partner to advance aircraft maintenance

DXB: Emirates, flydubai warn of flight delays, cancellations as rains lash the UAE

Emirates notified passengers of flights being rescheduled due to adverse weather conditions

Amali Island

Ultra luxury villa community Amali Island debuts in Dubai

Residents will enjoy beachfront resort-like amenities, including a 10,000-square-foot clubhouse, spa, floating helipad and floating padel court

Apple shelves electric car plans after decadelong odyssey

Apple set for big sales drop as investors await AI in iPhones

Considered a must-own stock on Wall Street, Apple shares have underperformed other Big Tech companies in recent months

DFM unveils initial private offerings platform ARENA

DFM unveils initial private offerings platform ARENA

The new platform is a regulated alternative to conventional financing routes and helps private companies access capital markets

CBUAE, HKMA partnership

UAE interest rates remain unchanged amid Fed rate decision

The CBUAE traditionally moves lockstep with the US Fed amid the UAE having pegged its currency to the US dollar at a rate of Dhs3.67 to $1

SABIC to build $6.4bn China petrochemical plant

Saudi petrochemical group SABIC reports 62% plunge in profits

SABIC’s fall in net profit is attributed to lower revenues, lower results and losses from discontinued operations

Presight buys 51% stake in G42, ADNOC tech JV

Abu Dhabi’s Presight acquires 51% stake in G42, ADNOC tech venture

ADNOC will take a 4 per cent stake in Presight currently owned by G42, in exchange for 11 per cent of its shareholding in AIQ

Masdar and Bapco Energies to develop up to 2GW of wind projects in the Kingdom of Bahrain

Masdar, Bapco to develop wind energy projects in Bahrain

The joint venture aims to explore, develop, and invest in wind projects in Bahrain, with a capacity of up to 2 gigawatts.

Dubai Metro extends operation hours to DXB on MAY 1-2 Image-RTA

UAE weather: Dubai Metro extends operation hours to DXB on May 1-2

The operating hours will be extended on Wednesday and Thursday to support people travelling to and from the airport

Dubai airports

Dubai Airports, Emirates issue travel advisory for fliers on May 2

Dubai Airports, Emirates issued a travel advisory in anticipation of the expected inclement weather conditions

english

The economy of language: Saudi Arabia’s young workers pivot to English

Recent survey results show a direct link between English language skills and higher salaries in the kingdom

EtihadWE CEO Yousif Al Ali shares the focus on enabling sustainability in the utilities sector

CEO Yousif Al Ali shares how EtihadWE is enabling sustainability

EtihadWE is building a more resilient water network capable of rising to changing demands, including its recently inaugurated reverse osmosis seawater desalination plant in Umm Al Quwain

Spinneys’ $375m IPO draws orders worth $19bn

Supermarket chain Spinneys’ $375m IPO draws orders worth $19bn

The company priced its IPO at the top of the previously announced range, selling its shares at Dhs1.53 per share to raise $375m (Dhs1.38bn)