Abu Dhabi's family offices are key contributors to the emirate's economy GettyImages-1239915485

How family offices are driving growth, diversification in Abu Dhabi

Family offices, in partnership with the public sector, will remain at the heart of the growth and transformation being seen in the emirate, as it continues to thrive across key industries and beyond

Saudia, Delta Air Lines team up to expand global network

Saudia, Delta Air Lines team up to expand global network

Delta customers will gain access to nine destinations in Saudi Arabia and the Middle East, while Saudia flyers will gain access to 12 destinations in the US

Tackling the surge in fraud during UAE’s peak shopping season

Tackling the surge in fraud during UAE’s peak shopping seasons

We look at measures that businesses can take to mitigate three common types of fraud that become more prevalent during peak shopping periods

UAE insurance sector reports profits of Dhs2.5bn in 2023: CBUAE

UAE insurance sector reports Dhs2.5bn in profits in 2023: CBUAE

According to CBUAE, the insurance sector’s growth was driven by increased policy activity, investment returns, and a rising demand for coverage in key areas such as property and employment

Nissan Patrol makes its global debut in Abu Dhabi

New Nissan Patrol makes its global debut in Abu Dhabi

Al Masaood Automobiles celebrated the Nissan Patrol’s spectacular world premiere in Abu Dhabi in September

OPEC+ advisory panel upholds output policy

OPEC+ panel sticks to output policy, doubles down on compliance

The group OPEC+ is cutting output by a total of 5.86 million bpd, or about 5.7 per cent of global demand, in a series of steps agreed since late 2022

OPEC+ doing ‘noble’ job of balancing oil market, says UAE

OPEC+ doing ‘noble’ job of balancing oil market, says UAE

UAE energy minister said OPEC+ has sacrificed more than others but the critical element is that it is staying together

UAE’s DAE, AXA clinch deal as UK battle over jets ‘lost’ in Russia kicks off

UAE’s DAE, AXA clinch deal as battle over jets ‘lost’ in Russia kicks off

The Dubai aircraft leasing firm had valued its claim for 22 aircraft, one engine and one piece of equipment at $737.8m

Elie Naaman of Ellington Properties on key real estate trends in Dubai

Ellington Properties’ CEO on trends driving Dubai’s real estate sector

The co-founder and CEO of Ellington Properties shares insights on changing consumer preferences, opportunities for the market and the developer’s upcoming plans

Etoile Group's Ingie Chalhoub on navigating the future of luxury fashion

Etoile Group’s Ingie Chalhoub on navigating the future of luxury fashion

Globally, the fashion industry has pivoted towards a more sustainable approach and that’s translated to the Middle East retail environment, says the founder and president of the luxury retailer

Qatar: QIA merges telecom businesses to create digital infrastructure giant

Qatar: QIA to merge telecom businesses to create digital infrastructure giant

The integration will drive positive impacts for Qatar’s economy and consumers, enhancing the country’s digital infrastructure ecosystem and global position as a digital hub

Abu Dhabi’s non-oil economy grew 6.6% in Q2 2024

Abu Dhabi’s non-oil GDP surges by 6.6% in Q2 2024

The finance and insurance sector registered a record 13.4 per cent growth in Q2 2024, contributing 7.4 per cent to the GDP

Just over 80 flights diverted after Iran missile attack on Israel

An estimated 81 flights — operated by the likes of Emirates, British Airways, Lufthansa and Qatar Airways — have been diverted

TECOM to buy commercial asset in Dubai Internet City for Dhs720m

TECOM to buy commercial asset in Dubai Internet City for Dhs720m

The commercial asset features five interconnected blocks offering a gross leasable area of 370,761 square feet

Saudi's ROSHN secures $2.4bn syndicated loan to drive growth

Saudi’s ROSHN secures $2.4bn syndicated loan to drive growth

The credit facility is expected to provide ROSHN with the financial flexibility needed to pursue new opportunities and strengthen its position

ACWA Power and Sumitomo to build 2 of Uzbekistan's largest renewable energy projects - Image Acwa Power For illustrative puroses

ACWA Power, Sumitomo to develop Uzbekistan’s largest renewable energy projects

The ambitious initiative comprises the Samarkand and Kungrad projects, which together have 2.5GW of generation capacity and 968MW of battery energy storage systems

ADNOC to buy German chemicals firm Covestro for $18bn

ADNOC to buy German chemicals firm Covestro for $18bn

The deal marks a cornerstone for ADNOC’s plans to grow its petrochemicals business along with gas and renewable energy

Saudi Arabia expects deficit of 2.9% of GDP in 2024

Saudi Arabia expects deficit of 2.9% of GDP in 2024

The Gulf state expects to post a fiscal deficit of SAR118bn, wider than the SAR79bn projected in the 2024 budget statement last December

RAKBANK, Magnati launch new merchant financing platform

RAKBANK, Magnati launch new merchant financing platform

In addition to loans, the platform offers a range of financial services, including invoice, POS and receivables financing, and insurance

Podeo raises $5.4m in series A round

MENA podcast platform Podeo raises $5.4m in series A round

Podeo started as a podcast app but quickly evolved into an all-in-one platform that streamlines content creation, distribution, and monetisation

US sets new rule that could spur AI chip shipments to the Middle East

US sets new rule that could spur AI chip shipments to the Middle East

The US will work with foreign data centres that apply for the Validated End-User program as well as host governments

Qatar Airways to buy 25% stake in Virgin Australia from Bain

Qatar Airways to buy 25% stake in Virgin Australia from Bain

The stake sale serves as a cornerstone investment ahead of an anticipated return of Virgin Australia into public ownership

Dorsch Global's group CEO Ayman Haikal on key infrastructure trends in the region

Dorsch Global’s Ayman Haikal on key infrastructure trends in the region

The newly-appointed group CEO shares insights on the company’s recent strategic realignment and the firm’s ambitious projects in the region

Zayed international Airport's Northern Runway reopens Image WAM Abu Dhabi Airports

Upgraded Northern Runway at Zayed International Airport reopens

The reopening of the Northern Runway will allow Zayed International Airport to more effectively manage increasing airline demand

Maqta gateway and presight AI to bolster trade and logistics -image-for-illustrative-purposes-Photo-courtesy-WAM

Maqta Gateway, Presight to bolster trade, logistics with AI

The partnership will focus on developing and commercialising AI and data analytics solutions for the trade of goods in the maritime sector

Abu Dhabi’s ADNH Catering plans to list 40% on local bourse

Abu Dhabi’s ADNH Catering plans to list 40% on local bourse

The catering firm is offering 9 billion shares, representing 40 per cent of the company’s total issued share capital

ACWA Power Solar Plant Image for illustrative purposes Acwa Power

ACWA Power, Badeel, SAPCO report financial close on key solar PV projects

These projects, valued at $3.2bn, aim to generate a combined capacity of 5.5GW of solar power for Saudi Arabia

FTA extends corporate tax filing deadline for some businesses to Dec 2024 Image-by-WAM

Corporate tax: FTA extends filing deadline for some businesses

Taxable persons incorporated on or after June 1, 2023, with tax periods ending on or before February 29, 2024, now have until December 31 to fulfill their corporate tax obligations

Saudi Arabia’s Diriyah agrees deals worth $1bn with European firms

Saudi Arabia’s Diriyah agrees deals worth $1bn with European firms

The $63bn project is one of the Public Investment Fund’s giant construction efforts aimed at boosting economic growth

Global digital creative economy to reach Dhs27tn by 2030, finds study

Global digital creative economy to reach Dhs27tn by 2030, finds study

The projection comes from an exclusive study conducted by Dubai Design District (d3) and Dubai Media City, in partnership with global digital consultancy Monstarlab