Thomas B. Meier, CEO, Jumeirah

Hospitality giant Jumeirah names Thomas B Meier as CEO

The appointment of the new CEO is a key part of Jumeirah’s Mission 2030 strategic plan

NMDC wins $1.14bn offshore pipeline contract in Taiwan

Abu Dhabi’s NMDC wins $1.14bn offshore pipeline contract in Taiwan

Taiwan Power Company awarded the contract to NMDC Energy and NMDC Dredging and Marine – the subsidiaries of NMDC Group

Dubai Civil Aviation Authority, Keeta Drones to boost drone delivery operations

Dubai Civil Aviation Authority, Keeta Drones to boost drone delivery operations

The agreement focuses on advancing drone-based delivery services in Dubai, with an emphasis on ensuring the highest levels of safety and security in the skies

UAE weather update: Rain, thunder, hail expected midweek

UAE weather update: Rain, cooler temperatures, and rough seas forecast

Rainfall, a drop in temperatures, and increased humidity forecast for Thursday and Friday

Kuwait’s Warba Bank to acquire nearly 33% stake in Gulf Bank

Kuwait’s Warba Bank to acquire nearly 33% stake in Gulf Bank

The transfer of the shares will be completed upon obtaining the necessary approval from the regulatory authorities

Legendary comedian John Cleese returns to Dubai Opera on January 25

Legendary comedian John Cleese returns to Dubai Opera on January 25

Tickets for John Cleese’s show start at Dhs210 and are available on dubaiopera.com

Carrefour exits Oman as Majid Al Futtaim shifts to Hypermax

The exit from Oman follows Carrefour’s closure in Jordan on November, a move that was accompanied by the launch of a new retail brand Hypermax

ADNOC L&S issues $2bn hybrid capital facility to fund growth

ADNOC L&S issues $2bn hybrid capital facility to fund growth

The initial drawing against the facility will be $1.1bn, leaving $0.9bn capacity available to be drawn until December 31, 2026

How UAE-based Renie's smart tech is redefining waste management

How UAE-based Renie’s smart tech is redefining waste management

Sander Van Waes, the company’s founder and CEO, shares how Renie’s innovative solutions are helping organisations across the region embrace responsible waste practices

Dubai aircraft leasing firm DAE to acquire Nordic Aviation Capital

Dubai aircraft leasing firm DAE to acquire Nordic Aviation Capital

The acquisition will be capitalised and funded by internal resources along with committed debt financing

Nilesh Ashar, Senior Managing Director & Head of Tax Middle East, FTI Consulting offers insights on the impact of new taxes on the GCC

GCC countries: From tax havens to global business hubs

New tax regimes in the GCC nations will unleash a new era of growth and economic resilience for the region

DAMAC Group’s Hussain Sajwani to invest $20bn in US data centres

DAMAC Group’s Hussain Sajwani to invest $20bn in US data centres

EDGNEX, a unit of DAMAC, will construct new data centres in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana

Bahrain’s GDP grows by 2.1% in Q3 2024, driven by non-oil sector

Bahrain’s GDP grows by 2.1% in Q3 2024, boosted by non-oil sector

The growth was primarily driven by the non-oil sector, which saw an increase of 3.9 per cent at constant prices and 1.5 per cent at current prices

Saudi Arabia’s Almoosa plans to list 30% stake on local bourse

EFG Hermes advises on $449m Almoosa Healthcare IPO on Saudi Exchange

The healthcare company began trading publicly on Tuesday and rose 15 per cent on debut as it hovered around the SAR139.60 mark

DP World hits $11bn investment milestone in 10 years

Dubai’s DP World hits $11bn investment milestone in 10 years

The company’s capacity has expanded by 33 per cent, driven by a combination of global expansion projects, including greenfield developments and acquisitions

Saudi Arabia taps debt markets with $12bn three-part bond

Saudi Arabia taps debt markets with $12bn three-part bond

The kingdom sold $5bn, $3bn and $4bn in tenors of three, six and 10 years, respectively, and the total order book reached around $37bn

Abu Dhabi sets up ADRA to streamline business licencing procedure

Abu Dhabi sets up ADRA to streamline business registration

The authority will develop a unified database consolidating data on economic establishments across Abu Dhabi’s mainland and its non-financial free zones

Zand Bank, Klickl International partner to advance digital finance

Zand Bank, Klickl International partner to advance digital finance

Zand Bank (Zand) has announced a strategic collaboration with Klickl International (Klickl), a Web3 open…

PIF secures $7bn inaugural murabaha credit facility

Saudi’s PIF secures $7bn murabaha credit facility

The Shariah-compliant financing structure forms part of PIF’s continued objective of diversifying its funding sources

Burj Khalifa hits Dhs467.1m in home sales in 2024

Dubai’s Burj Khalifa hits Dhs467.1m in home sales in 2024

The average price in the Burj Khalifa at the end of 2024 stood at Dhs3,000 per square foot, which is 78.5 per cent above the city-wide average of Dhs1,680

Dubai ranks among top 10 cities in Global Power City Index 2024

Dubai ranks among top 10 in Global Power City Index 2024

The Global Power City Index ranks the major cities of the world on their comprehensive power to attract people, capital, and enterprises from around the world

Energy Capital Group Successfully Closes ECG2.0-Fund2

Saudi’s Energy Capital Group closes oversubscribed SAR600m fund

ECG2.0-Fund2 anticipates exiting its industrial services platform through an initial public offering (IPO) targeted within two years

From Detroit to Dubai: Key trends reshaping the global automotive landscape

From Detroit to Dubai: Key trends reshaping the global automotive landscape

Dubai’s automotive market will connect to 77 ports managed by DP World globally and is expected to double the emirate’s current automotive sales from Dhs6.8bn to Dhs13.6bn

Mashreq seals NeoPay stake sale to Arcapita, Dgpays in $385m deal

Mashreq seals NeoPay stake sale to Arcapita, Dgpays for $385m

The deal will see Mashreq retain a minority stake in NeoPay, a payment solutions provider that offers a range of services, including point-of-sale terminals

UAE economy to grow 3% in 2023, says S&P Global

UAE non-oil sector growth accelerates, PMI data shows

The seasonally adjusted S&P Global UAE Purchasing Managers’ Index (PMI) rose to 55.4 in December from 54.2 in November, marking a third consecutive monthly increase

Sheikh Mohammed approves Dhs3.7bn Dubai road expansion plan

Sheikh Mohammed approves Dhs5.4 bn housing package for citizens in Dubai

The housing projects, offering diverse options for Emirati citizens, align with the Sheikha Hind bint Maktoum Family Programme

Abu Dhabi’s Etihad Airways posts 66% rise in nine-month profit

Etihad Airways flight aborts take-off in Melbourne, all passengers safe

Flight EY461, carrying 271 passengers, was accelerating for departure to Abu Dhabi when the flight crew opted to reject take-off owing to a technical issue

Dubai attracts 16.79 million tourists between Jan to Dec 2024

Dubai attracts 16.79 million tourists between Jan to Nov 2024

Dubai’s strong tourism performance and sustained growth in both visitor numbers and hotel performance indicate the emirate’s resilience and appeal

contracts awarded for phase 2 of al mamzar beach development project image courtesy WAM Dubai Municipality

Dubai awards contracts for phase 2 of Al Mamzar Beach Development Project

The first phase of the development, work on which commenced in June last year, has achieved 45 per cent completion

Decoding the future of health: How genetic testing at AEON Clinic is redefining longevity

With a focus on personalised medicine, AEON Clinic is redefining the way we approach health prevention and disease management