Riyadh Air to commence operations by end of 2025, says CEO

Riyadh Air to start operations by end of 2025, says CEO

Riyadh Air is expected to start operations by the end of the year, the CEO said at an FII Institute event in Miami

Qatar eyes 3.4% non-oil growth, $100bn FDI by 2030

Qatar govt to get AI boost amid deal with US tech outfit

The deal will allow Qatar’s government to adopt tools such as predictive analytics, automation and advanced data analysis in an effort to streamline operations

Ramadan 2025 - shorter working hours for public sector announced Getty Images e1656577995418

Ramadan 2025: UAE announces shorter working hours for public sector

Ministries and federal authorities will operate from 9 am to 2:30 pm from Monday to Thursday

Abu Dhabi and China sign key deals, strengthen bilateral ties

Abu Dhabi and China sign key agreements, strengthen ties

Chinese investments in the UAE have increased by 16 per cent, while UAE investments in China soared by 120 per cent.

‘Worst hack in history’: Dubai crypto exchange Bybit suffers $1.5bn ether heist

An attacker allegedely gained control of an ether cold wallet and transferred around $1.5bn worth of holdings to an unidentified address

Dubai: DXB to welcome over 2.5 million pssengers between Feb 20-28

DXB to welcome over 2.5 million passengers between Feb 20-28

The airport is expected to handle an average of 280,000 passengers daily, with numbers peaking at over 295,000 on Saturday, February 22

How DIAC is transforming arbitration with digital solutions

How DIAC is transforming arbitration with digital solutions

Jehad Kazim, executive director of DIAC, shares how digital innovations are redefining the dispute resolution landscape and supporting businesses, including SMEs, in navigating legal challenges

UAE IPO: Alpha Data announces offer price range

UAE IPO: Alpha Data announces offer price range

The completion of the offering and the listing of Alpha Data shares on ADX is subject to market conditions and obtaining all necessary regulatory approvals

ADNOC Gas boosts liquidity with $2.84bn offering on ADX

ADNOC Gas boosts liquidity with $2.84bn offering on ADX

The offering increased ADNOC Gas’ free float by 80 per cent, enhancing liquidity and providing a clear pathway for MSCI and FTSE indexation

UAE now has a new way to track prices of essential commodities

It allows officials to monitor prices, compare them against established price ceilings, and ensure compliance

Dubizzle Group acquires Egypt automotive platform Hatla2ee

The UAE-based classifieds unicorn, Dubizzle Group, operates leading brands such as dubizzle, Bayut, and DriveArabia across the MENA region

The wilds

Aldar launches The Wilds, a nature-themed development, in Dubai

The Wilds will officially launch for sale on February 27 at the Coca-Cola Arena in Dubai

Etihad Airways reports Dhs1.7bn in profits in 2024

Etihad Airways reports Dhs1.7bn in net profit in 2024

The airline carried 18.5 million passengers in 2024, up from 14 million in 2023, reflecting sustained demand across its expanding network

Bader Saeed Hareb shares Why luxury real estate in UAE draws global investors

Insights: Why luxury real estate in UAE draws global investors

Driven by liberal policies, robust growth, and an influx of wealthy foreign buyers, the luxury property market in the UAE is poised for further expansion, attracting both institutional and individual investors

Sales commence for Burj Azizi, the world’s second-tallest tower

Locations for the sales launch include Dubai (Conrad Hotel), Hong Kong (The Peninsula), London (The Dorchester), Mumbai (JW Marriott Juhu), Singapore (Marina Bay Sands), Sydney (Four Seasons Hotel), and Tokyo (Palace Hotel)

Careem Pay remittance

New! Careem Pay expands remittance service to 18 European corridors

Customers can send up to Dhs150,000 per transaction and Dhs450,000 monthly

Saudi Arabia's Entaj sets final offer price for IPO

Saudi Arabia’s Entaj sets final offer price for IPO

This pricing reflects an implied market capitalisation of SAR1.5bn (approximately $400m) at listing

DIFC marks 20th anniversary, reports record performance in 2024

DIFC marks 20th anniversary, reports record performance in 2024

DIFC is set to open a new Funds Centre in 2025, offering dedicated space for investment managers to raise capital and expand their operations

UAE hosts strategic dialogue with Russia to boost financial cooperation

UAE hosts strategic dialogue with Russia to boost financial cooperation

The forum included four key panel discussions covering budget preparation, the integration of modern technologies in financial planning, public-private partnerships, and international tax policies

Dubai poised to outpace global prime residential growth in 2025: Savills

Dubai poised to outpace global prime residential growth in 2025: Savills

Dubai’s prime residential capital values are forecast to grow by up to 9.9 per cent in 2025, the highest among 30 global cities tracked by Savills

Paid parking in Dubai: Authorities sign MoU to enhance efficiency

Gulfood 2025: Dubai’s RTA rolls out 4,400 parking spaces

RTA is also offering free shuttle buses that will transfer visitors directly to the event

Dubai’s Huda Beauty sells KAYALI to co-founder, General Atlantic

KAYALI founder Mona Kattan will own the fast-growing fragrance business with private equity investor General Atlantic

Speakers, agenda set for Gulf Business' 20 Feb real estate panel

Join Gulf Business’ real estate panel this Thursday in Dubai

Under the theme “Breaking Ground: The UAE Real Estate Outlook,” the event will dive into pressing market trends, the future of investment across Dubai, Abu Dhabi, Sharjah, and Ras Al Khaimah

Saudi Crown Prince meets US Secretary of State Rubio in Riyadh

Rubio arrived in Saudi Arabia earlier in the day from Israel where he began his first visit to the region as the top US diplomat

Australia backs Virgin-Qatar Airways tie-up for improved air services

The flights would use Qatar Airways aircraft and crew in an arrangement known as “wet leasing”, and start as early as June

UAE, Ukraine sign CEPA deal during Zelensky’s Abu Dhabi visit

A major milestone of the visit was the signing of a Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Ukraine

Saudi's stc Group, SambaNova launch sovereign AI cloud platform

Saudi’s stc Group, SambaNova launch sovereign AI cloud platform

This new platform is set to run the world’s largest open-source frontier model, powered by the fastest inference speeds for Llama 405B

The investment is part of a consortium led by Bain Capital’s Private Equity team in Europe, aiming to support Apleona’s continued growth and development into Europe's leading integrated facility management group.

Mubadala, Bain Capital to acquire minority stake in Apleona

The investment is part of a consortium led by Bain Capital’s Private Equity team in Europe

Zoom, center3 partner for node deployment in Saudi Arabia

This initiative introduces high-performance infrastructure to address the increasing demand for low-latency conferencing

Commute time reduced: Dubai drivers to benefit from Al Ain road upgrade

The road development aims to improve traffic flow and significantly reduce commute times for drivers heading to both Al Ain and Dubai.