Abu Dhabi's Modon Holding acquires luxury La Zagaleta estate in Spain

Abu Dhabi’s Modon Holding acquires Spain’s luxury La Zagaleta estate

The acquisition is seen as a major step in Modon Holding’s drive to further diversify its global portfolio, with a special focus on luxury residential communities in high-demand international markets

Elite group holding to open auto hub in Dubai Industrial city copy

Elite Group Holding to develop Dhs100m auto hub in Dubai

Dubai Industrial City, a key business district within TECOM Group, is home to over 1,100 local, regional, and international customers and 350 operational factories

DP World issues MENA region’s first $100m blue bond

DP World issues MENA region’s first $100m blue bond

The blue bond, priced at a 5.25 per cent coupon rate for a five-year term, will directly contribute to advancing two critical United Nations Sustainable Development Goals

Dubai Metro Blue Line set to begin operations in Sept 2029

Dubai Metro Blue Line to begin operations in Sept 2029

The new Blue Line will be designed to carry 46,000 passengers per hour in both directions, with a train frequency of approximately every two minutes, serving an estimated 200,000 passengers daily by 2030

Most GCC central banks follow Fed lead, lower key interest rates

Most GCC central banks follow Fed lead, lower key interest rates

Saudi Arabia, the region’s biggest economy, cut its repurchase agreement (repo) rate and reverse repo rate by 25 bps each to 5 per cent and 4.5 per cent, respectively

Dubai’s RTA introduces app-based minibus pooling service

Dubai’s RTA introduces app-based minibus pooling service

Commuters can opt for one-time rides or choose from weekly and monthly subscription plans

DP World begins dredging work at Sengal's Port of Ndayane

DP World begins dredging work at Sengal’s Port of Ndayane

The port is expected to boost Senegal’s GDP by 3 per cent, increasing trade flows and potentially adding $15 bn in trade value by 2035

CBUAE drops interest rates by 25 basis points, reflects US Fed move Image WAM

CBUAE drops interest rates by 25 basis points, reflects US Fed move

The decision is expected to influence lending rates and liquidity conditions across the country

Arab Health 2025 to showcase region's growing wearable medical devices market

Arab Health 2025 to showcase region’s growing wearable medical devices market

The new Eco-Sphere Zone and World of Wellness Conference will shine spotlight on cutting-edge innovations in personalised wellness technologies at Arab Health 2025

SEVEN Unveils SAR 1.3 Billion Destination in Jazan (1)

Saudi’s SEVEN announces SAR1.3bn entertainment destination in Jazan

SEVEN’s investment in Jazan is part of a larger, SAR50bn initiative to develop 21 entertainment destinations in 14 cities across Saudi Arabia

Drive Terra image for illustrative purposes

ENOC, Drive Terra to launch UAE’s largest battery swapping network

With the support of ENOC, Drive Terra aims to make e-bike adoption in the UAE more accessible and efficient, helping the country to meet its ambitious environmental goals

Space42 Signs Dhs18.7bn satellite contract with UAE govt

Space42 inks Dhs18.7bn satellite contract with UAE govt

The contract underscores Space42’s pivotal role in the UAE’s strategic ambitions for secure, next-generation communication infrastructure

Dubai launches region's first drone delivery system

Dubai launches region’s first drone delivery system

The drone is designed to operate in various city landscapes, using advanced flight control algorithms and multi-sensor fusion positioning technology

UAE Supreme Space council

Sheikh Hamdan praises UAE space sector’s ‘remarkable transformation’

Private sector financing now accounts for 44.3 per cent of the total investment in the UAE’s space sector

Arab Health to celebrate its 50th anniversay in Jan 2025 Image WAM Informa

Arab Health to mark 50th anniversary with landmark edition in Jan

The region’s leading healthcare event will be hosted at the Dubai World Trade Centre from January 27-30 next year

UAE launches new VAT refund system for online purchases by tourists

UAE launches new VAT refund system for online purchases by tourists

The new e-commerce VAT refund system builds upon the success of the FTA’s fully digital VAT refund system, which was first introduced over two years ago

UAE payments industry set to hit $27.3bn by 2028: report

UAE payments industry set to hit $27.3bn by 2028: report

The UAE’s payments sector is undergoing a rapid transformation, spurred by government initiatives, fintech innovations, and a shift from cash to digital transactions

flydubai-launches-new-Business-Class-lounge-at-DXB-2-scaled copy

flydubai opens new business class lounge at DXB Terminal 2

The new Business Class Lounge spans 900 square metres and is designed to accommodate over 200 passengers

Parkin, BATIC to explore smart parking solutions in Saudi Arabia

Parkin, BATIC to explore smart parking solutions in Saudi Arabia

Parkin’s move into the Saudi market further solidifies its position as a regional leader in parking solutions, with the company’s expertise in Dubai paving the way for broader GCC expansion

Hero Dubai Desert Classic returns Jan 16 with star-studded lineup

Hero Dubai Desert Classic returns Jan 16 with star-studded lineup

The tournament continues to draw top-tier players and remains a cornerstone of the region’s sporting calendar

ADNOC's XRG, bp close deal to launch new natural gas JV

ADNOC’s XRG, bp close deal to launch new natural gas JV

Arcius Energy will focus on natural gas growth to meet growing regional demand while supporting Egyptian energy security and economic development

Money20/20 Middle East to debut in Riyadh in Sept 2025

Money20/20 Middle East to debut in Riyadh in Sept 2025

Money20/20 Middle East aims to become the largest fintech event in the region, featuring a diverse lineup of keynote speakers, panel discussions and networking opportunities

Insights: Building a board of directors for your family business

A board of directors is a vital asset for any family business, offering governance, strategic direction and expertise that can help navigate complex challenges and foster growth

ADFD invest in 33 projects in Bahrain image ADFD

ADFD invests Dhs23bn in 33 projects in Bahrain

As ADFD continues its support for Bahrain’s growth, the strategic relationship between the UAE and Bahrain remains a powerful model for sustainable development in the Gulf region

UAE: Zand launches institutional-grade digital asset custody services

UAE: Zand launches institutional-grade digital asset custody service

The service is tailored for corporate and institutional clients, providing top-tier security by storing private keys in onshore UAE hardware security modules

Ownership structures for family firms: The benefits and challenges by Anisha Sagar

Ownership structures for family firms: The benefits and challenges

 Moving to a new ownership model can release a family firm from a deep rut and can often help keep families together for the common good of the business and of the family

Saudi Arabia’s PIF, Ardian close acquisition of 15% stake in Heathrow Airport

Saudi Arabia’s PIF acquires 15% stake in Heathrow Airport

Ardian and PIF will acquire 22.6 per cent and 15 per cent, respectively, of FGP Topco for a total of $4.12bn

Egypt’s grid boosted as UAE’s AMEA Power switches on 500MW solar plant

Egypt’s new 500 megawatt plant will power 300,000 households and offset 782,300 tonnes of CO2 emissions

Riyadh Metro opens green, red lines as network nears full completion

Riyadh Metro’s red and green lines will open on December 15, bringing it one step closer to its full rollout

UAE’s ADNH Catering to boost stake in Saudi JV to 50%

UAE’s ADNH Catering to boost stake in Saudi JV to 50%

ADNH Catering and Al-Rushaid Petroleum Investment Company will each hold a 50 per cent stake in the joint venture once the deal is finalised