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

MAF replaces Carrefour in Jordan with Hypermax

UAE’s MAF replaces Carrefour in Jordan with new ‘Arab grocery chain’

Carrefour Jordan had announced late Monday in a Facebook post that it would no longer operate in the country

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

Oman’s OQ to offer 49% stake in methanol, ammonia unit

Oman’s OQ to offer 49% stake in methanol, ammonia unit

The listing would allow investors to invest in Oman’s only production company of methanol, ammonia and LPG products

7 strategies for GCC retailers to ace customer centricity

7 strategies to help GCC retailers ace customer centricity

Consumer preferences are evolving with more than 60 per cent of customers in the GCC interested in adjacent services from their current retailers, according to Oliver Wyman’s latest survey

Saudi Aramco reports 15% drop in Q3 profit, maintains dividend

Saudi Aramco reports 15% drop in Q3 profit, maintains dividend

Aramco expects to declare total dividends of $124.3bn in 2024, of which $43.1bn would be performance-linked dividends

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

Saudi wealth fund PIF to acquire 54% stake in MBC Group

Saudi Arabia’s PIF to acquire 54% stake in MBC Group

The finance ministry will transfer the entirety of its stake to the PIF at a share price of SAR41.60 apiece, subject to regulatory approvals and non-objections

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

Saudi Arabia posts $8bn Q3 deficit as lower oil prices weigh

Saudi Arabia posts $8bn Q3 deficit as lower oil prices weigh

The kingdom’s total spending came to SAR339bn in the quarter as it continued to spend heavily on its Vision 2030 transformation programme

Taxi-sharing pilot service launches between Dubai, Abu Dhabi

Taxi-sharing pilot service launches between Dubai, Abu Dhabi

The initiative aims to reduce transportation costs, ease traffic congestion, and offer a more sustainable travel option for commuters between the two emirates

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

Talent Plus CEO Michel Chahda on transforming region's creator economy

Talent Plus CEO Michel Chahda on supporting the region’s creator economy

The CEO of the UAE-based agency shares his vision for driving growth and strengthening cross-cultural connections within the industry

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

VC investment in Q3 2024 image for illustrative purposes Getty Images

Americas dominates VC funding in Q3, as AI, defence-tech thrive

According to KPMG, VC investment and deals remained subdued in Q3, as many VC investors globally remained in a holding pattern given the current uncertainties still permeating the market

why uae has emerged as cybersecurity hub-GettyImages-1079012962

Insights: Why the UAE is a premier hub for cybersecurity startups

With a burgeoning market, supportive government initiatives, and a robust digital landscape, the UAE is positioned to drive innovation in the cybersecurity sector

Shift to electric vehicles will have far-reaching impact, IMF says

Shift to EVs will have far-reaching impact, IMF says

The move toward EVs has accelerated in recent years and is seen as a key way to help countries achieve climate goals

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

Tiger Properties completes handover of Nobles Tower in Dubai

Tiger Properties completes handover of Nobles Tower in Dubai

The 46-storey Nobles Tower features 549 premium apartments

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

UAE's Julphar divests Zahrat Al Rawdah Pharmacies

UAE’s Julphar divests Zahrat Al Rawdah Pharmacies

Zahrat Al Rawdah, a wholly-owned subsidiary of Julphar, operates 173 pharmacy outlets across Saudi Arabia

How Proofpoint is fostering cyber resilience

Proofpoint’s Haifa Ketiti on AI-driven cybersecurity solutions

The senior systems engineer emphasises that human error is the primary cyber risk, while advocating for a human-centric approach to security

New Zealand seals trade deal with GCC states

New Zealand seals trade deal with GCC to boost exports, investment

The trade pact would remove tariffs for 51 per cent of New Zealand’s exports to the region from day one

The future of travel IATA passenger survey reveals trends -GettyImages-1488420701

The future of travel: IATA passenger survey reveals key trends

Passengers are not just looking for a flight; they want a seamless, tech-enhanced experience from booking to boarding

Audi Q6 e-tron and Cafu mobile EV charging prototype

CAFU rolls out EV charging service to Audi e-tron vehicles

Audi Middle East is also collaborating with Siemens, Desert Technologies, and the UAE Ministry of Energy & Infrastructure to expand the regional charging network