Qatar’s QIA to buy 10% stake in China asset manager

Qatar sovereign fund agrees to buy 10% stake in China asset manager

The potential deal would make the fund the third-biggest shareholder in ChinaAMC, which manages more than $248m (RMB1.8tn) in assets

Riyadh Air partners with major Asian airlines

Riyadh Air partners with Singapore Airlines, Air China to grow network

The partnership with Singapore Airlines could see work on interline services, code shares, frequent flyer programs and cargo services

Guests Enjoying Eid Al Adha Fireworks Image DCT Abu Dhabi

Where to watch the Eid Al Adha fireworks in Abu Dhabi, Dubai dates to come soon

Mark your calendars for June 17 and plan to visit one of these fantastic locations in Abu Dhabi for an exciting Eid Al Adha fireworks show

AI

Democratising AI: Optimas AI’s mission turned business

Optimas AI is focusing on democratising AI, making it accessible to decision-makers, and integrating advanced risk management, governance, and privacy solutions

Dubai Airports CEO on mega-airport of the future

Dubai Airports CEO on how the firm is bolstering the city’s super-hub status

Paul Griffiths says the airport operator will actively collaborate with airline customers, the government, and stakeholders to bring the Al Maktoum International Airport Project to fruition

Here’s how IHC is cracking the growth code

Exclusive: Syed Basar Shueb on how IHC is cracking the growth code

The CEO of the conglomerate says the strong pipeline of projects within the group’s portfolio will continue to drive growth

TAQA secures funding for Makkah water project

TAQA, GIC consortium secure funding for Makkah water project

The project is pivotal in addressing emergency municipal water demand in Makkah and Madinah, especially during the Hajj season

Dubai real estate has moved past severe cyclicality, says fäm Properties CEO

Firas Al Msaddi, CEO of fäm Properties, tells us why he thinks that Dubai’s real estate sector is more resilient than it’s ever been

Saudi’s flyadeal takes possession of 30th aircraft (Image: Supplied by flyadeal)

Saudi flyadeal looks at adding Airbus or Boeing wide-body jets

The Airbus narrow-body jets purchased by flyadeal in its recent order can seat up to 240 people

KEZAD Group, NMDC ink manufacturing facility deal

KEZAD Group, NMDC sign Dhs367m manufacturing facility deal

NMDC Energy plans to invest $100m in the modular fabrication manufacturing facility

indigo

IndiGo eyes lesser-known international destinations for next growth phase

IndiGo, is pushing deeper into India, where it flies to 88 cities, and has doubled its global network to 33 destinations from 15 two years ago

Oil hovers near 3-week high on Middle East tensions

Oil dives 3%, OPEC+ decision fails to allay demand worries

OPEC+ agreed to extend crude oil supply cuts into 2025

dubai mall

Emaar announces massive Dubai Mall expansion plan

The Dubai Mall expansion aligns with Dubai’s broader strategy to enhance its tourism industry

stc Group considers possible offer for United Group

Saudi Arabia’s stc Group considers possible offer for United Group

If the Saudi telecoms giant succeeds with a deal for United Group, it will further its expansion into Europe

AD Ports, Adani Ports and East Harbour invest in Tanzania

AD Ports, Adani Ports JV to acquire $39.5m stake in Tanzania container terminal

The container terminal has an annual container capacity of 1 million TEUs

Dubai launches Commercial and Logistics Land Transport Strategy 2030

Dubai launches Commercial and Logistics Land Transport Strategy 2030

The key strategy will boost the sector’s contribution to Dubai’s economy, raising it to Dhs16.8bn

Property Finder CEO says UAE visa reforms drive property boom

UAE visa reforms drive property boom, Property Finder CEO says

Dubai has historically been a city where many people prefer renting, but visa reforms are driving a shift towards home ownership

Qatar Airways courts Airbus and Boeing for 150 new planes

Qatar Airways in talks with Airbus, Boeing for ‘triple digit’ plane order

Al Meer confirmed talks for a three-digit order but said the number of jets being mentioned in reports was not accurate

Eid Al Adha

Eid Al Adha 2024: UAE astronomer predicts likely dates

According to UAE astronomers, Arafat Day is likely to begin on Sunday, June 16 this year

ADNOC L&S to buy $1.49bn stake in maritime firm Navig8

Abu Dhabi’s ADNOC L&S agrees to acquire maritime firm Navig8

The acquisitions will give the Abu Dhabi maritime logistics firm access to Navig8’s fleet of 32 tankers and global footprint across five continents

UAE real estate - escrow account

Dubai: 3 Real estate developers fined Dhs1.5m for escrow account violations

Using an escrow account ensures regulation of funds during the construction process of the units sold, ensuring the protection of investors and their rights

ACWA Power and Tunisia sign MOU to build Green Hydrogen project -GettyImages-1340022435

Saudi’s ACWA Power, Tunisia ink deal to develop key green hydrogen project

ACWA Power will explore the development of major green hydrogen project with a first phase of a capacity of 200,000 tonnes per year powered by 4GW of renewable energy

Aramco

Aramco share sale ‘overbooked’ as oil giant looks to raise over $10bn

Saudi Arabia is offering investors about 1.545 billion Aramco shares, or 0.64 per cent

Dubai Jumeirah beach, Dubai Marina

Large fire breaks out in Dubai Marina: Report

No injuries have been reported in the early morning fire at Dubai Marina

EMIRATES - Sir Tim Clark is backing Boeing-Spirit merger

Emirates’ Sir Tim Clark on tapping the debt market and the Boeing crisis

Emirates President called on Boeing to compensate the airline for delays in the development of the US planemaker’s latest 777 jet

OPEC

OPEC+ extends deep oil production cuts into 2025

OPEC prolongs some cuts by one year

Aramco may announce landmark $10bn share sale Sunday

Aramco completes acquisition of 40% stake in Gas & Oil Pakistan

Aramco’s significant pickup of a stake in Gas & Oil Pakistan was first announced in December last year

Acino

Pharmaceuticals: Acino eyes local growth and export expansion from Dubai facility

By focusing on local manufacturing and sustainability, Acino is set to play a significant role in the UAE’s pharmaceutical industry

Oil prices surge after OPEC + extends output cuts

OPEC+ to hold June 2 crude oil output policy meeting online

The OPEC+ supply cuts since late 2022 have been against a backdrop of rising output from the US and other non-member producers

Tabeer

Affordable luxury: Tabeer Developments unveils Parkside Boulevard in Arjan, Dubai

Prices for Parkside Boulevard are competitive, with studios starting from Dhs640,000, one-bedroom apartments from Dhs1.05m, and two-bedroom apartments from Dhs1.5m