OPEC cuts 2024, 2025 global oil demand growth view again

OPEC cuts 2024, 2025 global oil demand growth view again

The weaker outlook highlights the dilemma faced by OPEC+, which is planning to start raising output in December

Hoxton Wealth's Chris Ball

Hoxton Wealth’s Chris Ball on the company’s rebranding and ambitious goals

From pivoting its business model to embracing technology in wealth management, Hoxton Wealth has set a strong foundation for the future, says its founder and managing partner

One Maryah Place

 Aldar Properties, Mubadala break ground on One Maryah Place

Upon completion, the development will be integrated into Aldar’s Investment Properties portfolio, which holds Dhs27bn worth of income-generating real estate assets

VEON to move HQ to Dubai after Amsterdam delisting

Telecoms group VEON to move HQ to Dubai after Amsterdam delisting

The telecom will complete its relocation from the Netherlands – where it moved in 2010 – to Dubai by the end of the second quarter of 2025

DP World going ahead with $1.3Bbn UK port investment

DP World going ahead with $1.3bn UK port investment

The investment would add two more berths, increasing capacity by 50 per cent and bringing DP World’s total employment there to 1,600

Dubai startup guide 2024 launched by Dubai Chamber of Digital Chamber

Want to set up a business in Dubai? This new startup guide will help

From accessing online resources to leveraging tailored support, the guide aims to simplify the process of setting up and growing a startup in Dubai

RTA premium plates auction image courtesy WAM

Dhs69.1m in bids: Premium plates auction draws big spenders

The 116th edition of the auction featured 90 premium plates, ranging from two to five digits

GITEX Global, Expand North Star to boost $2.7tn global AI economy

GITEX Global, Expand North Star to boost $2.7tn global AI economy

The UAE’s strategic focus on AI is clearly reflected in GITEX’s expansive platform for showcasing innovations and fostering collaborations

RTA awards Dhs600m contract for Oud Metha, Al Asayel road development

RTA awards Dhs600m contract for Oud Metha, Al Asayel road upgrade

The upgrade connects Al Asayel Street to Al Khail Road via Al Nawras Street and provides an exit to Oud Metha and Al Nawras Streets

GITEX Global 2024: Industry leaders on their participation

GITEX Global 2024: Here’s what to expect from these industry leaders

Top tech industry leaders share what they’ll be unveiling at GITEX GLOBAL 2024, spotlighting AI, cybersecurity and digital transformation

UAE to host first regional food center to support food security and systems Image-courtesy-WAM

UAE to host first regional centre of excellence to boost food security

The establishment of the UAE-hosted Regional Center of Excellence aims to contribute to global efforts to combat food insecurity and improve sustainability

Dubai Islamic Bank issues $500m AT1 sukuk at 5.25% profit rate

DIB issues $500m AT1 sukuk at 5.25% profit rate

The proceeds from the sukuk will be used to strengthen the bank’s Tier 1 capital base, which supports its lending activities and future growth strategies

Etihad Rail secures key global partnerships to boost infrastructure

Etihad Rail secures global partnerships to boost infrastructure, operations

Among the agreements signed at Global Rail 2024, an MoU was inked with Presight AI to explore AI-driven solutions across Etihad Rail’s operations

DAMAC unveils wellness-centric community in Dubai

DAMAC unveils wellness-centric community in Dubai

This marks DAMAC’s fifth master community and its second launch within the last six months

Saudi

Saudi Crown Prince not attending Russia’s BRICS summit

Russia has invited Saudi Crown Prince Mohammed bin Salman to attend the summit, foreign minister Sergei Lavrov said last month

UAE seals bilateral trade talks with Malaysia

UAE seals bilateral trade talks with Malaysia

Non-oil trade between the UAE and Malaysia reached $2.5bn in the first half of 2024, a 7 per cent increase compared to the same period in 2023

Etihad Rail signs deal with Emerge for mega solar project

Etihad Rail goes green with massive solar project

Emerge, a JV between Masdar and EDF Group, will install a large-scale solar PV system and battery energy storage system at Etihad Rail’s Ghuweifat freight terminal

Adnoc L&S signs &250m contract for VLACs Image DNOC L&S for illustrative purposes

ADNOC L&S JV inks deal worth $250m for mega ammonia carriers

The partnership reflects ADNOC L&S’s ongoing role in supporting the energy transition, while also fostering robust industrial collaborations between the UAE and China

Telecom giant du unveils new sub-brands; expands portfolio

Telecom giant du revamps b2b portfolio, unveils new sub-brands

The revamped B2B portfolio marks a significant shift for du, allowing the company to offer more than just connectivity

Russia calls on BRICS partners to create alternative to IMF

Russia calls on BRICS partners to create alternative to IMF

The only financial institution the BRICS countries have established so far is the New Development Bank, created to finance sustainable development projects

Disconnect between mental health and perceived wellbeing, shows GIG report

Disconnect between mental health and perceived wellbeing, shows report

Sixty-five percent of respondents reported experiencing mental health challenges in the past year, yet a surprising 82 per cent rated their overall wellbeing as positive

Aldar, Expo City Dubai to develop Dhs1.75bn mixed-use project

Aldar, Expo City Dubai to develop Dhs1.75bn mixed-use project

The 50:50 joint venture will develop the six-building project next to the Dubai Exhibition Centre, which will include residential, office, and retail space

UAE-Oman Hafeet Rail secures $1.5bn financing facility

UAE-Oman Hafeet Rail secures $1.5bn financing facility

The network will accommodate passenger trains, each capable of carrying up to 400 passengers at a speed of 200 km/hour

Saudi Arabia launches program to develop cybersecurity sector

Boost for GCC mobile app security as Protectt.ai, Finesse partner

The partnership will provide Protectt.ai’s flagship product, AppProtectt Mobile App RASP XDR, to customers in the region

Saudi's Cenomi Centers, GIB Capital unveil SAR1bn real estate fund

Saudi’s Cenomi Centers, GIB Capital unveil SAR1bn real estate fund

The fund aims to accelerate development in the Qassim region, including the facilitation of a land sale programme and development of the U Walk Qassim Mall

Rawabi Holding and World Wide Generation

Rawabi Holding, World Wide Generation new JV to drive sustainability

Rawabi will fast-track sustainability performance and financing especially in hard to abate sectors in Saudi Arabia and wider MENA region

Spinneys to build mega facility in Food Tech Valley

Spinneys to build mega facility in Food Tech Valley

Under the 27-year agreement, Spinneys will establish a massive 500,000 square foot processing facility within Food Tech Valley

Salesforce opens new Dubai office, unveils Agentforce

Salesforce opens new Dubai office, unveils Agentforce

Srini Tallapragada, the company’s president and chief engineering officer, says the new office reflects the firm’s global culture and is designed to better support both employees and customers in the UAE

Abu Dhabi’s Modon, Candy Capital form luxury real estate JV

Abu Dhabi’s Modon, Candy Capital form luxury real estate JV

The joint venture will build on Modon’s development pipeline as well as sites currently owned by Candy

Dubai Holding weighs new REIT amid housing boom

Dubai Holding weighs new REIT amid housing boom, report says

The REIT would offer investors access to a portfolio of prime income-generating properties managed by one of Dubai’s leading developers