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Faruh Kurbanov: Building real estate with purpose across regions

As DIA Holding continues to expand geographically and operationally, its core principle remains unchanged: real estate, when guided by purpose and discipline, can create sustainable value for both investors and communities

Gulf Business
Gulf Business

19 January, 2026

Faruh Kurbanov: Building real estate with purpose across regions
Faruh Kurbanov/Image: Supplied

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Faruh Kurbanov’s professional trajectory is rooted in an experience far removed from the global real estate market he operates in today. Born in Karaganda, a mining town in central Kazakhstan, he grew up in modest circumstances, moving frequently between rented homes. By his own account, his family relocated more than sixty times during his childhood. The instability of those early years shaped his approach to life and business: resilience, discipline and an early understanding that sustainable results require long-term effort.

Kurbanov began working at the age of fifteen. Today, at forty, his schedule still reflects that early work ethic, with long days and hands-on involvement in the businesses he leads. For many years, financial success was the primary motivator. Over time, however, his perspective evolved. Capital, he realised, is not a goal in itself, but a tool — one that can be deployed to create lasting value beyond balance sheets.

His rise in business was swift. After working as an installer at a window company, Kurbanov launched his own window manufacturing operation, which later expanded into construction. Within five years, he earned his first million dollars. Real estate investments, premium cars and frequent travel followed. Yet the material markers of success failed to provide long-term fulfilment, prompting a reassessment of purpose and direction.

A turning point came through a personal reflection on a hadith that would later define both his personal and corporate philosophy: “The best among you are those who bring benefit to others.” This idea became the foundation of DIA Holding, the construction and project management group he co-founded. The principle — articulated internally as “Live and benefit others” — informs strategic decisions, project selection and the company’s long-term vision.

Today, DIA Holding operates across Kazakhstan, the UAE and Spain, positioning itself as a value-driven developer with a focus on long-term impact. One of the most visible expressions of this approach is the group’s involvement with the Mereke Charitable Foundation, where DIA Holding acts as a principal sponsor. Through Mereke, the company supports housing and education initiatives for low-income families in Astana and Almaty.

In the 2024–2025 academic year, more than 120 students received DIA-funded scholarships. The broader objective extends beyond financial assistance: Kurbanov has articulated a long-term vision of building an integrated educational ecosystem designed to shape socially responsible and well-educated future leaders.

Several projects are already operational. The Sana Bilim Centre in Astana serves approximately 1,000 school-age children, offering more than twenty programmes across sports, arts and supplementary education. The facility includes a professional 25-metre swimming pool, art and dance studios, and culinary classrooms. Alongside this, the Sana Campus accommodates 100 residents, providing meals, services and 24-hour security in cooperation with partner educational institutions.

In Almaty, the Sana Urpaq nursery accommodates 180 children in a purpose-built, three-storey facility with a sports hall, pottery studio and salt therapy room. All educational projects were developed from the ground up — from site selection and design to construction and landscaping — reflecting DIA Holding’s preference for full-cycle project delivery rather than short-term returns.

In 2025, the group announced plans for the development of Sana School, a private educational institution in Astana designed for up to 800 pupils. Admissions are scheduled to begin in early 2026, with the first academic year commencing in September.

Beyond social initiatives, Kurbanov is recognised for operational efficiency. In Kazakhstan, DIA Holding has built a reputation for completing construction projects within nine to ten months — nearly twice as fast as the local industry average. This performance is driven by the application of kaizen, the Japanese management philosophy centred on continuous improvement and waste reduction, applied across planning, logistics and execution.

The same approach underpins the company’s expansion in the Middle East. One of DIA Holding’s flagship international projects is LuzOra, located on Dubai Islands. The land was acquired for USD 6.5 million, with current offers reportedly reaching USD 19 million. Despite this, the group opted to proceed with development rather than pursue an early exit, reflecting DIA Holding’s long-term goals in the region.

LuzOra is not positioned as a traditional luxury project, yet it is designed to offer a high level of service. Planned features include concierge support, on-demand wellness services, golf-cart access to the beach and potential partnership agreements with neighbouring hotels, which are currently under consideration. DIA Holding has committed to completing construction within 24 months, compared to the regional average of approximately 36 months.

For Kurbanov, recognition is secondary to execution. As DIA Holding continues to expand geographically and operationally, its core principle remains unchanged: real estate, when guided by purpose and discipline, can create sustainable value for both investors and communities.

Here is the official website of DIA Developments.

Why Abu Dhabi has been the world’s safest city for 10 years

Safety and stability have increasingly become key indicators for international investors and businesses when assessing new markets

Gulf Business
Gulf Business

19 January, 2026

Why Abu Dhabi has been the world’s safest city for 10 years
Image credit: Getty Images

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Abu Dhabi has retained its position as the world’s safest city for the tenth consecutive year since 2017, according to an international report released by Numbeo, one of the world’s largest cost of living databases and a crowdsourced global resource for quality of life data.

The sustained top ranking underscores Abu Dhabi’s global leadership in consolidating security, stability, and quality of life. It further reinforces the emirate’s standing as a premier international destination for living, working, and investment, a WAM report said.

The recognition reflects Abu Dhabi’s consistent focus on building a secure and resilient urban environment. Safety and stability have increasingly become key indicators for international investors and businesses when assessing new markets, and Abu Dhabi’s decade-long performance highlights the effectiveness of its long-term strategies.

Read more-Why Abu Dhabi is the new hotspot for homebuyers

Lieutenant General Ahmed Saif bin Zaitoon Al Muhairi, commander-in-chief of Abu Dhabi Police, said the achievement is the result of a wise leadership vision and the continued support of UAE President Sheikh Mohamed bin Zayed Al Nahyan. He attributed the ranking to an integrated institutional approach and the dedicated, round-the-clock efforts of Abu Dhabi Police personnel.

He noted that these efforts are reinforced by advanced proactive strategies, the smart deployment of modern technologies and artificial intelligence, and a strong community partnership that serves as the first line of defence in safeguarding societal security and stability.

Technology, partnerships drive long-term results

Al Muhairi stressed that the strategy reflects a comprehensive approach focused on developing human capabilities, strengthening institutional partnerships, and empowering the community through awareness and participation. This is supported by sustained investment in advanced technologies and smart systems that enhance decision-making and public safety, aligning with global best practices and delivering high levels of community reassurance.

Major General Sheikh Mohammed bin Tahnoun Al Nahyan, director general of Abu Dhabi Police, said the global ranking embodies the success of a leadership vision that places human security at the core of sustainable development.

He added that this vision has contributed to building a safe and attractive environment for living, working, and investment, firmly positioning Abu Dhabi as a leading global model in urban security and quality of life.

The recognition, he said, reflects Abu Dhabi Police’s commitment to continued development and innovation, strengthening confidence among residents and visitors in the emirate’s advanced security systems and policing services.

Electric bus rollout: Dubai’s RTA receives first batch of 250 low-emission buses

Al Tayer said the procurement supports Dubai’s broader strategy to expand sustainable public transport and accommodate rising ridership, in line with the Dubai Urban Plan 2040

Gulf Business
Gulf Business

19 January, 2026

Electric bus rollout: Dubai’s RTA receives first batch of 250 low-emission buses
Image: RTA_X

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Dubai’s Roads and Transport Authority (RTA) has received the first batch of 250 buses under a wider contract to procure 735 multi-size buses compliant with the Euro 6 low-carbon emissions standard, marking a significant expansion of the emirate’s public transport fleet.

The initial delivery includes 40 electric buses, the largest such procurement in the UAE to date and the first time electric buses will be deployed on Dubai’s urban routes.

The remaining buses under the contract are scheduled for delivery later in 2026, the RTA said.

RTA DG and chairman Mattar Al Tayer inspected the Zhongtong electric bus, which has been customised for Dubai’s operating conditions.

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Electric buses: Capacity and range

The 12-metre bus has a range of up to 280 kilometres on a single charge, allowing it to complete daily operations without returning to depots for recharging. It is equipped with a 434 kilowatt-hour battery and uses a 360 kilowatt ABB charging system.

The bus can carry up to 70 passengers and is fitted with a 360-degree camera system. It has undergone more than three months of testing in Dubai, during which trials showed stable electric propulsion performance, efficient energy consumption and reliable operation of safety-critical systems including battery cooling, braking and air conditioning.

The RTA said the trials resulted in a 95 per cent satisfaction rate among drivers and passengers.

Al Tayer said the procurement supports Dubai’s broader strategy to expand sustainable public transport and accommodate rising ridership, in line with the Dubai Urban Plan 2040 and national climate objectives.

He said the number of electric buses operating across the emirate would increase gradually as part of the UAE’s goal to achieve climate neutrality by 2050 and Dubai’s Economic Agenda D33, which aims to strengthen the emirate’s position as a global urban economy.

The procurement also supports the RTA’s Zero-Emission Public Transport Strategy 2050, which targets the conversion of all buses, taxis and limousine vehicles to zero-emission operations, with public transport buses transitioning fully to electric and hydrogen power by mid-century.

Beyond the electric fleet, the contract includes 549 city-service buses, comprising 400 MAN buses and 149 Zhongtong buses, all fitted with Euro 6 engines.

It also covers 76 Volvo double-decker buses and 70 articulated Isuzu Anadolu buses, aimed at serving high-density routes and newly developed areas.

New buses to have high-tech systems to track drivers’ behaviour

Most of the new buses are equipped with driver behaviour monitoring systems, automated passenger counting, and driver identity authentication technology, the RTA said.

The vehicles feature low-floor access for passengers with disabilities, dedicated seating for children, bicycle spaces, Wi-Fi, mobile phone charging points and interior layouts designed to improve accessibility and comfort.

The authority said it has also adopted a standardised fuel-consumption testing protocol, the first of its kind in the Gulf region, to improve operational efficiency and environmental performance.

Trump to impose 10% tariffs on eight European nations in Greenland row

Trump floated the general idea of tariffs over Greenland on Friday, without citing a legal basis for doing so

Reuters
Reuters

18 January, 2026

Trump to impose 10% tariffs on eight European nations in Greenland row
Image: Getty Images

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President Donald Trump on Saturday vowed to implement a wave of increasing tariffs on European allies until the United States is allowed to buy Greenland, escalating a row over the future of Denmark’s vast Arctic island.

In a post on Truth Social, Trump said additional 10 per cent import tariffs would take effect on February 1 on goods from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland and Great Britain — all already subject to tariffs imposed by Trump.

Those tariffs would increase to 25 per cent on June 1 and would continue until a deal was reached for the US to purchase Greenland, Trump wrote.

Trump has repeatedly insisted he will settle for nothing less than ownership of Greenland, an autonomous territory of Denmark. Leaders of both Denmark and Greenland have insisted the island is not for sale and does not want to be part of the United States.

A Reuters/Ipsos poll of US residents this week found that less than one in five respondents support the idea of acquiring Greenland.

Trump wants greenland for security, minerals

The president has repeatedly said Greenland is vital to US security because of its strategic location and large mineral deposits, and has not ruled out using force to take it. European nations this week sent military personnel to the island at Denmark’s request.

“These Countries, who are playing this very dangerous game, have put a level of risk in play that is not tenable or sustainable,” Trump wrote.

Protesters in Denmark and Greenland demonstrated on Saturday against Trump’s demands and called for the territory to be left to determine its own future.

The countries named by Trump on Saturday have backed Denmark, warning that the US military seizure of a territory in NATO could collapse the military alliance that Washington leads.

“The president’s announcement comes as a surprise,” Denmark’s Foreign Minister Lars Lokke Rasmussen said in a statement.

British Prime Minister Keir Starmer was unusually blunt in condemning Trump’s threat, saying on X that his country would raise the issue directly with Washington.

“Applying tariffs on allies for pursuing the collective security of NATO allies is completely wrong,” Starmer said.

European Commission President Ursula von der Leyen and European Council President Antonio Costa said in separate but identical posts on X that the European Union stood in “full solidarity” with Denmark and Greenland.

“Tariffs would undermine transatlantic relations and risk a dangerous downward spiral. Europe will remain united, coordinated, and committed to upholding its sovereignty,” they said.

Officials from Norway, Sweden, France and Germany reiterated support for Denmark on Saturday and said tariffs should not be part of Greenland discussions.

Cyprus, which currently holds the EU presidency, said it has called for an emergency meeting of ambassadors from the union’s 27 countries on Sunday.

Trade deals under threat?

Saturday’s threat could derail tentative deals Trump struck last year with the European Union and Great Britain. The deals included baseline levies of 15 per cent on imports from Europe and 10 per cent on most British goods.

“The biggest danger, it seems to me, is his decision to treat some EU countries different from others,” said William Reinsch, a trade expert at the Center for Strategic and International Studies. “I’m not surprised … It may well convince the European Parliament that it is pointless to approve the trade agreement with the US, since Trump is already bypassing it.”

Trump floated the general idea of tariffs over Greenland on Friday, without citing a legal basis for doing so. Tariffs have become his weapon of choice in seeking to compel American adversaries and allies alike to meet his demands.

He said this week he would put 25 per cent tariffs on any country trading with Iran as that country suppressed anti-government protests, though there has been no official documentation from the White House of the policy on its website, nor information about the legal authority Trump would use.

The US Supreme Court has heard arguments on the legality of Trump’s sweeping tariffs, and any decision by the top US judicial body would have major implications on the global economy and US presidential powers.

The encroaching presence of China and Russia makes Greenland vital to US security interests, Trump has said. Danish and other European officials have pointed out that Greenland is already covered by NATO’s collective security pact.

A US military base, Pituffik Space Base, is already in Greenland, with around 200 personnel, and a 1951 agreement allows the United States to deploy as many forces as it wants in the Danish territory.

That has led many European officials to conclude that Trump is motivated more by a desire to expand US territory than by security concerns.

“China and Russia must be having a field day. They are the ones who benefit from divisions among allies,” EU foreign policy chief Kaja Kallas said on X in response to Trump’s threat.

Some US senators also pushed back. “Continuing down this path is bad for America, bad for American businesses and bad for America’s allies,” Senators Jeanne Shaheen and Thom Tillis, bipartisan co-chairs of the Senate NATO Observer Group, said in a statement.

Europeans should not react hastily to Trump’s tariff threat, said Carsten Brzeski, global head of macro at ING Research.

“Just ignore it and wait and see,” Brzeski told Reuters. “Europe has shown that it will not accept everything, and so the tariffs are actually already a step forward compared to the threatened military invasion.”

Read: Trump threatens 25% tariff on countries doing business with Iran

Heading to Dubai Airport Terminal 1? RTA opens newly expanded bridge

The expansion has enhanced traffic flow to Terminal 1, reduced journey times, and improved the overall customer experience for airport users

Gulf Business
Gulf Business

17 January, 2026

Heading to Dubai Airport Terminal 1? RTA opens newly expanded bridge
Image credit: Gulf Business

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Dubai’s Roads and Transport Authority (RTA), in partnership with Dubai Aviation Engineering Projects (DAEP), has inaugurated a major expansion of the bridge leading to Terminal 1 at Dubai International Airport, marking a significant milestone in the emirate’s ongoing infrastructure development efforts.

The project increased the number of traffic lanes on the bridge from three to four, raising capacity from 4,200 vehicles per hour to 5,600 vehicles per hour. This represents a 33 per cent increase in throughput, according to a WAM report, and is expected to substantially improve traffic movement to and from the airport.

The expansion has enhanced traffic flow to Terminal 1, reduced journey times, and improved the overall customer experience for airport users. The upgrade supports smoother access to one of the world’s busiest airports for international passengers, reinforcing Dubai’s reputation for efficiency and reliability in transport and logistics.

Read more-It’s official, Dubai will launch air taxis by the end of 2026

The initiative forms part of RTA’s broader strategy to enhance the efficiency of Dubai’s road network and strengthen connectivity between major corridors and key facilities. Close coordination with Dubai Aviation Engineering Projects ensured that the traffic solution aligns with both current and future operational requirements of Dubai International Airport.

Advanced engineering and seamless construction

The additional lane was delivered through the construction of a new bridge utilising an innovative structural system. This system combines steel box girders with a composite concrete deck, selected for its high structural efficiency and its ability to enable accelerated construction.

Crucially, the approach eliminated the need for traffic diversions on Airport Street and avoided the installation of temporary supports beneath the bridge. This ensured uninterrupted traffic flow while maintaining the highest safety standards throughout the construction phase.

Supporting infrastructure and long-term growth

Beyond the bridge expansion, the project included road pavement improvements, upgrades to utility and supporting infrastructure services, and landscaping works to ensure full integration with the surrounding road network. New street lighting systems were also installed to enhance safety and improve visibility.

RTA and Dubai Aviation Engineering Projects reaffirmed their joint commitment to developing infrastructure that supports Dubai’s aviation sector and improves traffic connectivity with the emirate’s airports. These efforts contribute to enhancing quality of life and strengthening Dubai’s global competitiveness as a leading hub for air transport and international travel.

RTA also reiterated its commitment to advancing Dubai’s road network and transport system, improving the performance of key road corridors, and delivering sustainable and flexible transport solutions that support residents, visitors, and the emirate’s long-term growth objectives.

Binance Research reveals why 2026 could be a turning point for crypto

The report anticipates a more supportive macroeconomic and regulatory backdrop in 2026, driven by monetary easing, fiscal stimulus and deregulation

Rajiv Pillai
Rajiv Pillai

17 January, 2026

Binance Research reveals why 2026 could be a turning point for crypto
Image credit: Getty Images

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Binance Research has released its Full-Year 2025 & Themes for 2026 industry report, offering a comprehensive assessment of the forces that shaped crypto markets in 2025 and the structural trends expected to define the sector in 2026.

The report positions 2025 as a pivotal year in crypto’s industrialisation, marked by clearer regulatory frameworks, expanding institutional participation, and the emergence of stablecoins as core financial infrastructure. Together, these developments helped shift the digital asset ecosystem away from short-term price speculation toward more sustainable, macro-driven market dynamics.

Key findings from the report

Bitcoin’s evolution into a macro asset
Bitcoin increasingly traded as a liquid, institutional-grade macro asset in 2025. US spot Bitcoin ETFs recorded more than $21bn in net inflows, while corporate treasuries accumulated over 1.1 million BTC, representing around 5.5 per cent of total supply. At the same time, active on-chain addresses declined by 16 per cent, indicating a transition from transactional usage toward long-term portfolio allocation.

DeFi reaches a ‘blue chip’ phase
Decentralised finance protocols generated $16.2bn in revenue during 2025, exceeding the combined annual earnings of Nasdaq ($7.4bn) and CME Group ($6.1bn). Real-world asset (RWA) tokenisation expanded rapidly, reaching $17bn in total value locked and surpassing decentralised exchange TVL for the first time. This shift highlights growing demand for yield-bearing, collateral-backed on-chain assets.

Stablecoins scale into ‘internet fiat’
The global stablecoin market capitalisation grew nearly 50 per cent year-on-year to $305bn, with annual transaction volumes reaching $33tr, almost double Visa’s processing volume. Six new stablecoins crossed the $1bn market cap threshold, underscoring increasing diversification and adoption. Stablecoins are now firmly established as critical settlement rails for crypto markets and cross-border payments.

BNB Chain shows dual-market strength
BNB Chain delivered strong performance across both high-frequency retail activity and institutional RWA use cases. Daily transactions ranged between 15 and 18 million, while decentralised exchange volumes rose 164 per cent year-on-year, positioning the network as one of the strongest-performing large-cap crypto ecosystems in 2025.

2026 outlook: adoption-led growth
Looking ahead, the report anticipates a more supportive macroeconomic and regulatory backdrop in 2026, driven by monetary easing, fiscal stimulus and deregulation. Key themes include the rise of PayFi models built around yield-bearing stablecoins, deeper institutionalisation of on-chain money markets and RWAs, value capture shifting toward application layers such as wallets and prediction markets, and the growing influence of AI-powered intelligent finance.

Tarik Erk, regional head for MENAT and senior executive officer, Abu Dhabi, said: “The Full-Year 2025 report highlights a pivotal moment for crypto’s industrialization on a global scale, setting a robust foundation for adoption-led growth in 2026. From a MENAT perspective, we see these global trends reflected in accelerating regulatory clarity and institutional interest, which are crucial for unlocking the region’s vast potential. At Binance, we remain dedicated to bridging global innovation with local needs, empowering our communities through accessible and secure crypto solutions that drive sustainable economic growth.”

The entire report can be found here.

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