Dubai Holding Asset Mgmt rebrands residential portfolio

Dubai Holding Asset Management rebrands residential portfolio

Following the integration of Nakheel and Meydan into Dubai Holding, Dubai Residential’s reach expanded to encompass 40,000 homes and over 150,000 residents across the emirate

Aldar Mandarin Oriental partner to bring exclusive branded residences to Saadiyat Island

Mandarin Oriental to bring exclusive branded residences to UAE capital

Abu Dhabi’s first Mandarin Oriental Residences will be situated in Saadiyat Cultural District among world-class museums, fine dining and entertainment venues

Oil edges up on Middle East war concerns, US crude stockpile drop

Oil prices regain ground after 7% loss last week

Oil prices rose on Monday following last week’s decline amid worries about weak demand in China

Saudi Arabia’s PIF sets up company to build staff accommodation

Saudi Arabia’s PIF sets up company to build staff accommodation

SARCC will revolutionise the accommodation market by developing and operating complexes for staff in Saudi Arabia

Aramco CEO ‘fairly bullish’ on China oil demand after stimulus roll-out

Aramco CEO ‘fairly bullish’ on China oil demand after stimulus roll-out

Saudi Arabia is the number two oil exporter to China behind Russia and holds stakes in some Chinese refiners

Saudi Arabia’s United International Holding to sell 30% stake via IPO

Saudi Arabia’s United International Holding to sell 30% stake via IPO

The entire amount raised will be distributed to United Electronics Company (eXtra), the selling shareholder

IMF says global public debt to top $100tn, growth may accelerate

IMF says global public debt to top $100tn, growth may accelerate

The IMF’s latest report showed global public debt will reach 93 per cent of global gross domestic product by the end of 2024

Türkiye’s central bank holds rate at 50%, warns on inflation

Türkiye’s central bank holds rate at 50%, warns on inflation

The last time Türkiye’s central bank raised its main policy rate was in March when it hiked by 500 basis points

Dubai’s Emirates SkyCargo orders more Boeing 777F freighters

Dubai’s Emirates SkyCargo orders more Boeing 777F freighters

The order for more of the current-generation freighters emerged amid tensions between Emirates and Boeing over separate delivery delays of 777X

Fertiglobe to boost Ammonia capacity as ADNOC becomes top shareholder

Fertiglobe to boost ammonia capacity as ADNOC becomes top shareholder

The company is the largest producer of nitrogen fertilisers in the MENA region, with plants in the UAE, Egypt and Algeria

Dr Mohammed Al Zarooni on DIEZ’s role in Dubai’s economic growth

Dr Mohammed Al Zarooni on DIEZ’s role in Dubai’s economic growth

The chairman of DIEZ says the authority is integrating AI and smart city solutions, reinforcing its position as a crucial contributor to Dubai’s economic growth

BNP Paribas to scrap Bahrain as Middle East HQ and cut jobs

BNP Paribas to scrap Bahrain as Middle East HQ and cut jobs

The move comes as competition intensifies between Dubai, Abu Dhabi and Riyadh for regional financial dominance

Cityscape Global 2024: Tahaluf's Rachel Sturgess on aligning with Saudi's ambitious vision

Tahaluf’s Rachel Sturgess on how Cityscape Global aligns with Saudi’s ambitious vision

Cityscape Global 2024 offers a comprehensive platform for international city experts that addresses the future of urban development, real estate, and infrastructure, says the Tahaluf group director

From tourist eSIMs to fibre-to-the-room, e& on its latest UAE offerings

Khaled ElKhouly, chief consumer officer at e& UAE, speaks about his company’s presence at GITEX 2024, as well as providing insight into the products they have launched in the market

Masdar, Iberdrola complete Baltic Eagle wind farm turbine installation

Masdar, Iberdrola complete Baltic Eagle wind farm turbine installation

The wind farm will have an anticipated annual production capacity of 1.9 terawatt-hours (TWh), enough to meet energy demands of 475,000 homes

ACCIONA secures green loan for GCC projects

ACCIONA secures EUR300m green loan to support GCC projects

The company has been involved in various infrastructure projects in the GCC, including metro extensions, desalination plants, and cultural museums

FAB announces robust results for Jan-sept 2024

Abu Dhabi: FAB reports Dhs12.9bn in net profit for Jan-Sept ’24

The bank’s total assets surged to Dhs1.2tn, reflecting a 5 per cent growth over last year

Oman’s OQ Exploration and Production raises $2bn in IPO

Oman’s OQ Exploration and Production raises $2bn in IPO

The offering was priced at the top of its indicative range of 370-390 baizas per share and was oversubscribed by around 2.7 times, including anchor investors

Saudi Manara in advanced talks for stake in Zambian Copper mine

Saudi Arabia’s Manara in advanced talks for stake in Zambian Copper mine

First Quantum owns the Kansanshi and Sentinel copper mines in Zambia, which have become key to future output after Cobre Panama’s shutdown

Lucid

Saudi-backed Lucid expects to raise $1.67bn from stock sale

Lucid expects to report a loss from operations in the range of $765m to $790m for the quarter ended September 30

Jamil El Imad on From the UK to UAE: transforming healthcare outcomes with advanced technologies

From the UK to UAE: Jamil El-Imad on transforming healthcare outcomes with AI, VR

The CEO of NeuroPro and Virtually Live shares insights on how VR and AI are rapidly transforming healthcare, particularly in rehabilitation, mental health therapy, and patient education

Microsoft’s cloud ecosystem to contribute over $74bn to UAE economy in 4 years Getty Images

Microsoft’s cloud ecosystem to contribute over $74bn to UAE economy in 4 years

The report, launched at GITEX Global 2024, found that Microsoft, its ecosystem and IT departments in customer companies will add 41,800 new skilled IT jobs into the UAE economy between 2024-28

GITEX 2024: Inside Huawei’s vision for an ‘intelligent future’

The company aims to accelerate industrial digitalisation and intelligence with its latest innovations

AWS, e& sign over $1bn deal to drive cloud, AI growth in region

AWS, e& sign over $1bn deal to drive cloud, AI growth in region

This collaboration comes as Middle Eastern businesses increasingly shift to cloud-based operations, with public cloud adoption expected to unlock $733bn in economic value by 2033

Core42 launches inference-as-a-service platform

Core42’s new service allows seamless integration of new AI models, enabling users to stay current with the latest advancements and expand their AI capabilities

pands stake in Fertiglobe to boost low-carbon ammonia development

ADNOC expands stake in Fertiglobe to boost low-carbon ammonia development

ADNOC intends to integrate its domestic and global portfolio of projects in low-carbon ammonia, more than doubling Fertiglobe’s ammonia project capacity

Abu Dhabi fund ADQ to acquire 96% of Bank Audi’s Turkish unit

Abu Dhabi fund ADQ to acquire 96% of Bank Audi’s Turkish unit

The fund’s investment will provide fresh capital, allowing Odeabank to leverage opportunities within the wider group

Bolt enters UAE market with Dubai Taxi tie-up

Bolt enters UAE market with Dubai Taxi tie-up

The partnership follows Bolt’s successful expansion in Saudi Arabia and Egypt

Emirates Airline chides Boeing over fresh 777X delays

Dubai’s Emirates Airline chides Boeing over fresh 777X delay

With the delay in Boeing 777X model, Emirates has been compelled to implement a costly retrofit program to extend the service life of its existing jets

Abu Dhabi’s Masdar, Presight to develop AI asset management tool

Abu Dhabi’s Masdar, Presight to develop AI asset management tool

By developing an AI-based asset management tool, Masdar seeks to digitise its operations worldwide, moving from a reactive model to a predictive approach