Home next GCC next UAE

UAE

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

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

Middle East’s first net-positive mosque launched in Dubai

Equipped with 203 solar panels, the Majid Al Futtaim Mosque generates over 204,121 kWh of power annually, exceeding its energy needs by 115 per cent

ADNOC L&S awards $4.4bn contracts to build 23 supertankers

ADNOC L&S awards $4.4bn contracts to build 23 supertankers

The company is executing a transformative growth strategy encompassing fleet expansion and global market entry

ORO24’s Atif Rahman on elevating Dubai’s real estate game

Atif Rahman, the founder of ORO24 Developments, shares his approach to resilient growth, the importance of strategic planning, and his perspective on the future of the emirate’s real estate market

Abu Dhabi’s IHC posts Dhs18bn in nine-month net profit

Abu Dhabi’s IHC posts Dhs18bn in nine-month net profit

The holding firm’s financial position is backed by its total assets of Dhs382.9bn as of September 30, driven by investments and asset transfers

UAE’s ADNOC agrees multi-year LNG supply deal with SEFE

UAE’s ADNOC agrees multi-year LNG supply deal with SEFE

The deal, which expands the UAE’s efforts to become a key supplier of LNG, converts a preliminary deal signed in March to a definitive sales agreement

ADNOC awards contract to expand 3d seismic survey Image courtesy ADNOC

ADNOC awards $490m contract to expand world’s largest 3D seismic survey

The 3D mega seismic survey, which began in late 2018, covers a vast 85,000 square kilometres across onshore and offshore areas in Abu Dhabi

UAE debt market registers 13.1% YoY growth, Fitch Ratings says

UAE debt market registers 13.1% YoY growth, Fitch Ratings says

The growth in the country’s debt capital markets demonstrates its expanding financial landscape and its strategic role in the global Islamic finance market

UAE unveils National Investment Strategy Image DubaiMedia Office copy

UAE unveils National Investment Strategy 2031

The National Investment Strategy 2031 is more than a roadmap for FDI growth; it represents the UAE’s strategic intent to be a leader in emerging sectors and a magnet for top talent

ADIPEC 2024: ADNOC, Masdar, Microsoft to drive AI, low-carbon initiatives

ADIPEC 2024: ADNOC, Masdar, Microsoft to drive AI, low-carbon initiatives

The collaboration will support environmental and economic goals through AI-driven initiatives in renewable energy, carbon capture and efficiency improvements

Jamal Saleh - UBF DG on the potential of digital lending and financial inclusion

UAE Banking Federation’s Jamal Saleh on the potential of digital lending

Jamal Saleh, director general of the UAE Banks Federation (UBF), emphasises the need for a robust and inclusive digital lending ecosystem in the UAE to support economic growth and financial inclusion

ADNOC Drilling JV to acquire 95% stake in Deep Well Services for $223m

ADNOC Drilling JV to acquire 95% stake in Deep Well Services for $223m

The transaction, subject to regulatory approvals, would be on a cash-free, and debt-free, excluding transaction fees and expenses

Lulu Retail boosts IPO size to 30% on strong demand

The price range for the shares remains unchanged at between Dhs1.94 and Dhs2.04 per share

New Dhs1bn fund targets reshaping UAE health, wellness

Announcing the Fund in Dubai at CLP’s new Longevity Hub, the clinic highlighted its GCC growth strategy

Aldar unveils Mamsha Gardens Image Aldar

Aldar unveils resort-style Mamsha Gardens on Saadiyat Island

Sales for Mamsha Gardens open on November 9, offering buyers a variety of options including one, two, and three-bedroom apartments

ADIPEC 2024: ADNOC, AIQ showcase agentic AI solution for energy sector

The ENERGYai platform, built with ADNOC’s 80 years of historical data, is expected to set new standards in the energy sector for precision, efficiency, and sustainability

ADGM reveals new brand -- path to forward image ADGM

Path to Forward: ADGM reveals its new brand

With more than 2,000 entities, including 231 financial services firms, ADGM remains the MENA region’s only financial centre applying English Common Law directly

Dubai road development plan project being reviewed by Dubai Crown Prince HH Sheikh Hamdan courtesy WAM

How Dubai’s Dhs16bn mega road development plan will ease traffic

The Main Roads Development Plan for 2024-2027 includes 22 strategic projects across Dubai’s road network

Covestro weighs ADNOC’s takeover offer, cuts profit target

Covestro likely to recommend ADNOC takeover offer, trims profit target

ADNOC said early this month it had struck a deal to buy Covestro for $16.3bn, including debt, the energy giant’s biggest-ever acquisition

GQG Partners to invest $500m in Alpha Dhabi

GQG Partners to invest $500m in Alpha Dhabi

This substantial investment reflects GQG Partners’ confidence in both Alpha Dhabi and the ADX as a platform for high-quality, long-term investments

Abu Dhabi firm to launch tokenised US Treasuries fund

Abu Dhabi firm to launch tokenised US Treasuries fund

Tokenised Treasuries are a growing segment of the crypto market, with a market capitalisation of $2.4bn on public blockchains

Abu Dhabi airports’ nine-month passenger jumps 31.2%

Abu Dhabi airports’ nine-month passenger jumps 31.2%

The growth in passenger traffic was more pronounced in Q3 2024, with Abu Dhabi airports serving 7.7 million passengers

Salik: New toll gates to be operational from Nov 24 Image Getty Images

Salik’s new toll gates: here’s where you’ll start paying from Nov 24

The installation of the Business Bay and Al Safa South toll gates, both of which are strategically positioned to manage traffic flow and enhance road safety

Abu Dhabi launches new licensing framework for longevity medicine centres (HLMCs)

Abu Dhabi launches new licencing framework for longevity medicine centres

By utilising patient data from various platforms, including Malaffi and Ifhas, the centres will create personalised health journeys tailored to individual needs

Mubadala Capital, Temasek's Seviora Holdings to explore co-investment opps

Mubadala Capital, Temasek’s Seviora Holdings to explore investment opps

Singapore-based Seviora Holdings oversees assets worth $51.3bn as of June 30, offering a variety of investment strategies in public and private markets

Last chance for UAE overstayers as visa amnesty deadline extended

With immigration centres experiencing high turnout as the initial deadline approached, authorities decided to extend the grace period

Colm McLoughlin - Dubai Duty Free

Colm McLoughlin, Dubai Duty Free pioneer, passes away at 81

McLoughlin’s impact on Dubai Duty Free spanned 41 years, where he steered its growth from modest beginnings to a business generating over $2bn.