MEBS Facility Services: A homegrown success story

As a key entity within the esteemed Al Qaisi Group, MEBS has been delivering exceptional facility solutions for over two decades, upholding the greatest levels of excellence.

Saudi-backed Pony AI seeks $4.5bn valuation in US IPO

The IPO comes after a 2021 attempt to go public through a $12bn blank-check deal fell through

Apple launches iPhone 16 as it bets on AI future

Apple faces $3.8bn legal claim over iCloud practices

A UK consumer group believes iPhone and iPad iOS users have had little choice but to use Apple’s own iCloud service

Gold prices in UAE fall as global trends weigh on bullion

Gold prices in UAE fall as global trends weigh on bullion

The fall in prices is significant for UAE residents, where gold plays a key role in savings and investments

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

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

The national airline reported a profit after tax of $368m (Dhs1.4bn), up from $222m a year earlier

Join our fintech, finance and investment panel on November 27

Join our fintech, finance and investment panel on November 27

From digital transformation to innovative investment platforms, join industry leaders for insightful discussions at the upcoming panel event

UAE’s IHC starts Dhs5bn share buyback programme

UAE’s IHC starts Dhs5bn share buyback programme

The holding firm said the first tranche of Dhs1.8bn, equivalent to 36 percent of the total, is expected to begin on November 18

Saudi Arabia’s PIF to sell further stake in stc in potential $1.1bn deal

Saudi Arabia’s PIF raises $1bn from stc Group stake sale

The fund, which sold 6 per cent of stc for $3.2bn in 2021, will keep a 62 per cent stake in the telecoms group after the offering

FAB's EOSB funds secure initial approval from MOHRE, SCA

FAB’s EOSB funds secure initial approval from MOHRE, SCA

FAB’s EOSB Funds also simplify the administrative process for employers, enabling them to register through the bank’s EOSB online portal

How the UK can aid the GCC to harness EdTech for inclusive learning

The UK’s cutting-edge solutions make it an ideal partner for the GCC countries in advancing inclusive and innovative education initiatives

Abu Dhabi Catalyst Partners, Investindustrial partner to drive regional growth

Abu Dhabi Catalyst Partners, Investindustrial partner to drive regional growth

The strategic partnership between ADCP and Investindustrial aligns with the UAE’s goals to foster innovation, attract foreign investment, and boost job creation within ADGM

Saudi Arabia replaces CEO overseeing $500bn NEOM mega project

Saudi Arabia replaces CEO overseeing $500bn NEOM mega project

Nadhmi Al-Nasr, the long-time CEO of the Red Sea urban and industrial development nearly the size of Belgium, will be replaced by Aiman Al-Mudaifer

Dubai explores remote work, flexible hours to alleviate peak-hour traffic

Dubai explores remote work, flexible hours to alleviate peak-hour traffic

The adoption of remote work and flexible work arrangements can lead to a more comfortable and secure work environment for employees

ACWA Power secures $238m for Azerbaijan's largest wind farm project 

ACWA Power secures $238m for key Azerbaijan wind farm project 

Once completed, the Absheron-Khizi Wind Farm will not only help diversify Azerbaijan’s energy mix but also contribute significantly to reducing the country’s carbon footprint

Projects worth $2bn launched to support Dubai Police Image WAM

Sheikh Mohammed launches Dubai Police projects worth Dhs2bn

The initiatives are designed to further strengthen the UAE’s security services, promote officer welfare, and support Dubai’s long-term development as a global city

Dubai begins construction of its first air taxi station near DXB

Dubai begins construction of its first air taxi station near DXB

The state-of-the-art facility is designed to handle around 42,000 landings and 170,000 passengers annually

QatarEnergy acquires 23% of offshore Egypt block from Chevron

QatarEnergy acquires 23% of offshore Egypt block from Chevron

Chevron will keep a 40 per cent share in the concession agreement for the North El-Dabaa block following the deal

Mubadala prepares for sale of Brazil’s Porto Sudeste, Mina Gerais iron-ore mines

Mubadala to sale Brazil’s Porto Sudeste, Mina Gerais iron-ore mines

The Abu Dhabi state investor and the trading company completed their acquisition of Porto Sudeste in early 2014

AD Ports group reports Q3 and Jan to Sept perfromance highlights Image courtesy AD Ports Group

AD Ports Group marks Q3 performance with net profit of Dhs445m

AD Ports Group reported a revenue of Dhs4.66bn, up 10 per cent year-on-year, for the third quarter of the year

Parkin reports strong Q3 growth with 25% revenue increase

Parkin reports strong Q3 growth with 25% revenue increase

The company anticipates further growth as it leverages its strategic partnerships and technology-driven services to enhance customer experiences and operational efficiency

ADNOC Gas boosts capex to $15bn on booming LNG market

UAE’s ADNOC Gas boosts capex to $15bn on booming LNG market

The energy firm is expanding processing capacity at home by taking control of a coastal LNG plant from ADNOC Group

Emaar Development Q3 highlights Image Emaar

Emaar Development sees Q3 property sales surge 66% 

Emaar Development posted property sales of Dhs48bn ($13.1bn) for the first nine months of the year

Air Arabia reports Q3 net profit rise of 8% to Dhs564m

The airline launched 22 new routes across its hubs in the UAE, Morocco, Egypt, and Pakistan, further strengthening its network and geographic reach

Saudi Arabia’s ROSHN rebrands to signal strategy shift

PIF’s ROSHN shifts focus to multi-asset development in rebranding push

The developer is building close to 400,000 homes across Saudi Arabia, along with about 1,000 schools, as well as entire commercial and entertainment districts

Cityscape Global Opens Doors Tomorrow in Riyadh, with Over 500 World Class Experts and 400 Renowned Exhibitors in Attendance

Cityscape Global kicks off in Riyadh, features new competitions

The four-day event has drawn participants from over 50 countries, including the US, the UK, China, and Germany

UAE’s Damac Group to launch luxury airline, register for free flights

UAE’s Damac Group to launch new ‘luxury airline’, register for free flights

The luxury airline will fly to six sought-after holiday destinations: Seychelles, Maldives, Bali, Bora Bora, Fiji, and Hawaii

Delivery Hero’s Talabat to divest 15% stake via IPO

Delivery Hero’s Talabat to divest 15% stake via IPO

Delivery Hero is offering 3.5 billion shares in Talabat at a nominal value of Dhs0.04 apiece, representing 15 per cent of its total issued share capital

Sheikh Mohammed approves Dhs3.7bn Dubai road expansion plan

Sheikh Mohammed approves Dhs3.7bn Dubai road expansion plan

The plan, which will cost $1bn (Dhs3.7bn), encompasses 21 projects in 12 residential, commercial, and industrial areas

Kunal Badiani, Regional VP - Middle East, Africa, and Turkey, MoEngage on how consumer businesses in Saudi can digitally transform to achieve Vision 2030

Vision 2030: How Saudi consumer businesses can achieve it with digital transformation

Transforming customer experiences in Saudi Arabia requires a holistic approach combining technological innovation, cultural understanding, and customer-centricity

Sheikh Hamdan new succession planning system for Emirati govt employees

Dubai approves succession planning system for Emirati govt employees 

The resolution aims to strengthen corporate risk management, ensure business continuity, and improve the long-term stability of government operations