Big-ticket purchases included $4.9bn for US gaming company Scopely, $3.6bn to buy Standard Chartered’s aircraft leasing division and $3.3bn for steelmaker Hadeed
The Sultanate of Oman is expecting a budget deficit for the year, after it swinging away from a surplus during 2023
Saudi Arabia has officially activated its new mandate for companies with large tenders to host their regional offices in the country
A major uptick in investor accounts have been recorded on the Dubai Financial Market (DFM), helped by interest in the Dubai Taxi IPO
Dubai, once again, didn’t disappoint as it put on yet another fantastic show to ring in the New Year
The financial and insurance sector grew by 14.4 per cent YoY and the value-added by the industry surged to Dhs18.7bn
The fuel price committee has reduced the retail rates for Super 98, Special 95, and E-Plus 91 for January
Stocks on both the Dubai and Abu Dhabi bourses edged up on the last trading day of the year
If you’re looking for pricey places to ring in 2024, then Dubai is the place to be
Marriott will operate the three properties under the banners of JW Marriott and Autograph Collection Hotels effective January 1, 2024
The UAE’s food and beverage sector is going from strength to strength, according to report released by a body representing the industry
The trade deal builds on growing bilateral cooperation between the two countries, which saw non-oil trade hit a record $2.1bn in H1 2023
Deal flow in the emirates of Dubai and Abu Dhabi have surged in 2023 on the back of extremely strong demand for the year
As part of the deal, South Korea will remove tariffs on almost 90 per cent of all items, including liquefied natural gas (LNG), and other petroleum products
The unemployment rate for Saudis is still lower than the 9.9 per cent recorded in the same period a year ago, according to data from the kingdom
Gulf state Qatar is set to supply Shell in Singapore with up to 18 million barrels of oil a year for five years
BNPL fintech firms can provide short-term credit services upon being licenced by the central bank as restricted licence finance companies
Located on the coastline of the Gulf of Aqaba, the lifestyle community will have a 120-berth marina that will serve as an international hub for superyachts
The events committee said a total of 11,972 personnel and 1,525 patrols and civil defence and ambulance vehicles will be deployed around the city
Nikhil Goel, chief commercial officer of Archer Aviation, showcases how the company is leveraging the strong global demand and its robust ecosystem to revolutionise urban air mobility
The 810,000 square metre project will have a dock length of 1,100 metres and a depth of 17 metres
The decision was announced in a Facebook post and legal measures would be taken against those found violating the ban.
The authority signed the contracts with Zamil Marine Services and Naghi Marine Company to provide diverse maritime services
The fuel price committee reduced the retail rates for Super 98, Special 95, and E-Plus 91 by as much as 0.7 fils per litre in December
REITs in the UAE are a crucial component of the real estate investment landscape and provide opportunities for both local and international investors
The GCC region has proven to be one of the most kinetic deal markets in the world in 2023, with dealmakers expected to remain relatively active in the near future
The growth in outstanding sukuk is attributed to several factors that are driving the issuance of Islamic bonds including issuers that seek to plug budget deficits
Countries in the GCC are ranking among the highest in the world when it comes to the state of their digital connectivity in 2023
Any individuals earning over Dhs1 million per year through their business activities will need to register for corporate tax and appropriately declare their income
The transport authority is exploring the use of 3D printing technology in the construction of some shelters on a trial base