Sheikh Mohammed approves Dhs10bn Dubai Exhibition Centre expansion plan

Sheikh Mohammed approves Dhs10bn Dubai Exhibition Centre expansion plan

The exhibition centre will be the largest purpose-built indoor events and exhibitions venue in the region upon completion

UAE-US issue joint statement image courtesy WAM

UAE, US issue joint statement, deepen cooperation across sectors

The leaders pledged to pursue new opportunities to strengthen their economic and defense partnership; promote peace and stability across the Middle East and wider region

UAE’s Masdar acquires Brookfield’s Saeta Yield for $1.4bn

UAE’s Masdar acquires Brookfield’s Saeta Yield for $1.4bn

The deal consists of a portfolio of 745 megawatts (MW) of predominantly wind assets – 538 MW in Spain, 144 MW in Portugal and 63 MW solar PV assets in Spain

President Sheikh Mohamed affirms UAE-US alliance

UAE President reaffirms ‘unwavering commitment’ to US partnership

The two leaders reviewed various aspects of the longstanding bilateral ties, particularly in the fields of trade and investment, the economy, advanced technology and renewable energy

Speed limits increased on Dubai's Al Amardi street image RTA X

Dubai increases speed limits on these key roads

The RTA will update traffic signs and road markings along the affected segments to ensure compliance with the new speed limits

General Atlantic plans Abu Dhabi office by year-end

General Atlantic plans Abu Dhabi office by year-end

The New York-based private equity firm received preliminary approval for a license to operate out of the Abu Dhabi Global Market

EDGE unveils new space company ‘FADA’

UAE defence firm EDGE forays into space domain with ‘FADA’

The space firm will create advanced facilities for designing, building, testing, and integrating various satellite components

Arcapita, Dgpays consortium acquires majority stake in Mashreq's Neopay

Arcapita, Dgpays consortium acquires majority stake in Mashreq’s Neopay

Neopay, originally established as a strategic division within Mashreq, has expanded rapidly, becoming a key player in the UAE’s digital payments sector

OQ Exploration and Production seeks to raise $2bn from IPO

OQ Exploration and Production seeks to raise $2bn from IPO

The IPO attracted six cornerstone investors, including Al-Hosn Investment Company, Bank Dhofar and Tanmia, which agreed to subscribe for shares worth as much as OMR156m

Core42 upgrades Compass for enhanced AI integration

Core42 upgrades Compass for enhanced AI integration

The upgrade includes new features like the Compass Chat mobile app, which offers seamless AI access and enhanced productivity tools for businesses

Nakheel awards construction contract for Como Residences to Alec Engineering & Contracting

Nakheel awards Dhs1.8bn construction contract for Como Residences

The 75-storey luxury residential tower on Dubai’s Palm Jumeirah is scheduled for completion in Q2 2028

Egypt to sell United Bank stake in IPO on local bourse

Egypt to sell United Bank stake in IPO on local bourse

The Central Bank of Egypt is currently pursuing approval from the Financial Regulatory Authority and the Egyptian Stock Exchange

UAE treasury bonds, sukuk programmes achieve Dhs25bn in issuances

UAE treasury bonds, sukuk programmes achieve Dhs25bn in issuances

The ministry’s efforts to strengthen the local currency bond market and diversify funding sources are crucial in fostering a stable financial landscape

TSMC, Samsung explore chip factory projects in UAE

TSMC, Samsung consider building chip factories in UAE, WSJ reports

The broader goal would be to increase global chip production and help bring chip prices down without hurting chipmakers’ profitability

ADHA, ADCB offer Emiratis flexible housing loans

Abu Dhabi Emiratis can now access top-up housing loans of Dhs500,000

The initiative is for beneficiaries of the Abu Dhabi Housing Authority’s housing loan programme, with loan amounts of Dhs1.75m

Riyadh Air, Sutherland to develop digitally native financial operations

Riyadh Air, Sutherland to develop digitally native financial operations

This partnership supports Riyadh Air’s goal of becoming the world’s first fully digital airline as it prepares to expand to over 100 destinations by 2030

Shaping Sharjah’s transformation: Shurooq CEO shares insights

Shaping Sharjah’s transformation: Shurooq CEO shares insights

Ahmed Obaid Al Qaseer says Shurooq is harnessing Sharjah’s cultural heritage, while implementing initiatives that boost tourism and investment

Red Sea insurance costs soar as Houthi shipping threats loom

Red Sea insurance costs soar as Houthi shipping threats loom

The Sounion, which was struck on August 21 and laden with about one million barrels of crude oil, was towed without an oil spill

G42 partners with NVIDIA on next-gen climate solutions

G42 partners with NVIDIA on next-gen climate solutions

The two firms will develop AI solutions aimed at boosting weather forecasting accuracy globally and will set up an operational base and climate tech lab in Abu Dhabi

How Bidzi plans to revolutionise UAE’s SMEs market

Bidzi forays into the UAE to revolutionise M&A market for SMEs

The platform addresses common challenges in the M&A process, such as high costs and fragmented service models, streamlined, and cost-effective alternative

UAE President to begin state visit to US on Sept 23

UAE President to begin state visit to US on Sept 23

The UAE-US relationship, which spans more than five decades, is marked by robust economic ties, with bilateral trade reaching $31.4bn in 2023

Rorix Holdings, Adani Ports ink MoU, target commodities market ecosystem

Rorix Holdings, Adani Ports ink MoU, target commodities market ecosystem

The partnership aims to enhance transparency, efficiency and security within the commodities market, benefitting stakeholders across the globe

AD Ports Group refinances $Dhs2.5bn debt -Image-WAM

AD Ports Group refinances $2.25bn debt, cuts borrowing costs

The new facilities will give the group the flexibility to time its return to the debt capital markets in line with its stated strategy to utilise bonds as the predominant long-term funding vehicle

Golf Saudi, Topgolf Callaway to build golf venues in Saudi Arabia

Golf Saudi, Topgolf Callaway to build golf venues in Saudi Arabia

Golf Saudi plans to build three Topgolf venues by 2028, with the option to open two others in the future

Karim Maksoud MD of Al Habtoor Motors on EV trends and the JAC's latest offering

Al Habtoor Motors’ MD discusses EVs, JAC e30X and sustainable mobility

Karim Maksoud, managing director of Al Habtoor Motors, shares insights into the future of electric vehicles in the UAE

AlShaya Starbucks franchise stake sale talks on hold

Kuwait’s Alshaya delays Starbucks franchise divestment

A sale of the stake would increase the investor base of the business that has been held by the Alshaya family since 1999

Dubai's first female land rescue team image courtesy WAM

Introducing UAE’s first female land rescue team

Dubai Police’s female land rescue team consists of 18 non-commissioned officers

Qatar wealth fund expands into Australia, Korea and Southeast Asia

Qatar wealth fund expands into Australia, Korea and Southeast Asia

The Asian expansion comes as the fund has been diversifying its investments from core European and US markets

Polus Capital Management wins ADIA investment

Polus Capital Management secures ADIA investment

The investment follows the US Federal Reserve’s first interest rate cut in four years, which is expected to boost companies with balance sheet concerns

Saipem secures $2bn offshore contract in Saudi Arabia

Italy’s Saipem wins offshore contract worth $2bn in Saudi Arabia

The contract was signed under the existing long-term agreement with oil giant Saudi Aramco