New Dhs1bn fund targets reshaping UAE health, wellness

Announcing the Fund in Dubai at CLP’s new Longevity Hub, the clinic highlighted its GCC growth strategy

Aldar unveils Mamsha Gardens Image Aldar

Aldar unveils resort-style Mamsha Gardens on Saadiyat Island

Sales for Mamsha Gardens open on November 9, offering buyers a variety of options including one, two, and three-bedroom apartments

ADIPEC 2024: ADNOC, AIQ showcase agentic AI solution for energy sector

The ENERGYai platform, built with ADNOC’s 80 years of historical data, is expected to set new standards in the energy sector for precision, efficiency, and sustainability

ADGM reveals new brand -- path to forward image ADGM

Path to Forward: ADGM reveals its new brand

With more than 2,000 entities, including 231 financial services firms, ADGM remains the MENA region’s only financial centre applying English Common Law directly

Dubai road development plan project being reviewed by Dubai Crown Prince HH Sheikh Hamdan courtesy WAM

How Dubai’s Dhs16bn mega road development plan will ease traffic

The Main Roads Development Plan for 2024-2027 includes 22 strategic projects across Dubai’s road network

Covestro weighs ADNOC’s takeover offer, cuts profit target

Covestro likely to recommend ADNOC takeover offer, trims profit target

ADNOC said early this month it had struck a deal to buy Covestro for $16.3bn, including debt, the energy giant’s biggest-ever acquisition

GQG Partners to invest $500m in Alpha Dhabi

GQG Partners to invest $500m in Alpha Dhabi

This substantial investment reflects GQG Partners’ confidence in both Alpha Dhabi and the ADX as a platform for high-quality, long-term investments

Abu Dhabi firm to launch tokenised US Treasuries fund

Abu Dhabi firm to launch tokenised US Treasuries fund

Tokenised Treasuries are a growing segment of the crypto market, with a market capitalisation of $2.4bn on public blockchains

Abu Dhabi airports’ nine-month passenger jumps 31.2%

Abu Dhabi airports’ nine-month passenger jumps 31.2%

The growth in passenger traffic was more pronounced in Q3 2024, with Abu Dhabi airports serving 7.7 million passengers

How Proofpoint is fostering cyber resilience

Proofpoint’s Haifa Ketiti on AI-driven cybersecurity solutions

The senior systems engineer emphasises that human error is the primary cyber risk, while advocating for a human-centric approach to security

New Zealand seals trade deal with GCC states

New Zealand seals trade deal with GCC to boost exports, investment

The trade pact would remove tariffs for 51 per cent of New Zealand’s exports to the region from day one

Goldman Sachs sees oil demand growing until 2034

Will they or won’t they? Talk of Saudi cutting oil prices for Asia

Spot premiums for Middle East crude fell last month as the Asia market was well supplied

Salik: New toll gates to be operational from Nov 24 Image Getty Images

Salik’s new toll gates: here’s where you’ll start paying from Nov 24

The installation of the Business Bay and Al Safa South toll gates, both of which are strategically positioned to manage traffic flow and enhance road safety

Saudi PIF signs MoUs with Japanese lender worth up to $51bn

Saudi PIF signs MoUs with Japanese lender worth up to $51bn

The fund inked MoUs with Mizuho Bank, Sumitomo Mitsui Financial Group, MUFG Bank, Japan Bank for International Cooperation, and Nippon Export and Investment Insurance

Abu Dhabi launches new licensing framework for longevity medicine centres (HLMCs)

Abu Dhabi launches new licencing framework for longevity medicine centres

By utilising patient data from various platforms, including Malaffi and Ifhas, the centres will create personalised health journeys tailored to individual needs

Mubadala Capital, Temasek's Seviora Holdings to explore co-investment opps

Mubadala Capital, Temasek’s Seviora Holdings to explore investment opps

Singapore-based Seviora Holdings oversees assets worth $51.3bn as of June 30, offering a variety of investment strategies in public and private markets

Saudi Arabia’s Hassana to back $2bn Brookfield Middle East fund

Saudi Arabia’s Hassana to back $2bn Brookfield Middle East fund

The fund will target buyouts, structured solutions, and other investment opportunities across a range of strategic sectors, including technology and healthcare

Last chance for UAE overstayers as visa amnesty deadline extended

With immigration centres experiencing high turnout as the initial deadline approached, authorities decided to extend the grace period

ACWA Power secures $62m for renewable energy project in Uzbekistan

ACWA Power secures $62m for renewable energy project in Uzbekistan

Uzbekistan remains ACWA Power’s second-largest market, with a robust portfolio that includes 11.4GW of power capacity

How Ericsson is fostering GCC’s AI-driven innovation

Nicolas Blixell on how Ericsson is fostering AI-driven innovation in the GCC

The vice president and head of GCC at Ericsson Middle East & Africa says Ericsson is investing in R&D, AI, and enterprise solutions to support the region’s digital transformation goals

Colm McLoughlin - Dubai Duty Free

Colm McLoughlin, Dubai Duty Free pioneer, passes away at 81

McLoughlin’s impact on Dubai Duty Free spanned 41 years, where he steered its growth from modest beginnings to a business generating over $2bn.

GB Business Breakfast shines spotlight on GCC’s automotive, mobility sectors

Gulf Business hosted its second Business Breakfast event on the future of automotive and mobility in the Middle East, highlighting digital shifts, sustainability, and evolving consumer preferences

UAE hikes petrol, diesel prices for November 2024

Here’s how much petrol, diesel will cost you in November

The fuel price committee increased retail prices for Super 98, Special 95, and E-Plus 91 by as much as 9 fils per litre in November

Saudi wealth fund PIF to anchor Brookfield’s $2bn Middle East fund

Saudi wealth fund PIF to anchor Brookfield’s $2bn Middle East fund

The new private equity fund will target buyouts, structured solutions and other investment opportunities across a range of strategic sectors

Saudi Arabia’s Riyadh Air places order for 60 Airbus A321neo

Saudi Arabia’s Riyadh Air places order for 60 Airbus A321neo

The deal, signed at the Future Investment Initiative forum in Riyadh, brings to 132 the total number of jets ordered by Riyadh Air

How Khazna is revolutionising GCC’s data centre industry

Khazna: Revolutionising the GCC data centre industry with AI solutions

Johan Nilerud, senior director of Strategy and Planning at Khazna, says AI presents enormous potential across the data centre value chain

UAE to invest $1bn in Vietnamese EV maker Vinfast — report

The possible deal with Vinfast comes off the back of Vietnam having signed a comprehensive economic partnership agreement with the UAE

Saudi minister asserts economic resilience to investors at FII conference

Saudi minister asserts economic resilience to investors at FII conference

The kingdom unveiled its Vision 2030 plan in 2016, which involves hundreds of billions of dollars of investments to wean the country’s economy off oil

Abu Dhabi’s CYVN seeks to buy McLaren’s automotive business

Abu Dhabi’s CYVN Holdings to acquire McLaren’s automotive business

The deal will bring access to additional capital, advanced engineering expertise and technology, particularly in the field of electric vehicles

Emirates inks strategic deals with Vietnam Airlines, VietJet

Emirates inks strategic deals with Vietnam Airlines, VietJet

Under the new MoU, the airlines will explore opportunities to expand connectivity beyond their current interline agreement and potentially integrate reciprocal loyalty benefits