#UK

DP World going ahead with $1.3Bbn UK port investment

DP World going ahead with $1.3bn UK port investment

The investment would add two more berths, increasing capacity by 50 per cent and bringing DP World’s total employment there to 1,600

Saudi PIF to acquire 40% stake in Selfridges Stores

Saudi Arabia’s PIF acquires 40% stake in Selfridges Stores

The deal includes new investment by both PIF and Central to strengthen Selfridges Group’s position and support future development

Are you a 'citizenship by descent' candidate?

Are you a ‘citizenship by descent’ candidate?

Citizenship by descent offers a pathway to global mobility, enabling individuals to reclaim their heritage while gaining access to benefits like living, working, and studying in foreign countries

Lebanon - Egypt Air

UK, Egypt issue alerts for Lebanon airspace

Many airlines, globally, are revising their schedules to avoid Iranian and Lebanese airspace while also calling off flights to Israel and Lebanon

Lebanon

Lebanon: Which countries are urging their citizens to evacuate now?

France, Italy, Australia and Canada have joined the US and the UK, in issuing evacuation orders for their citizens in Lebanon

Kuwait - jet fuel

Beirut flights cancelled; US issues Lebanon travel advisory

The US, UK and France are among countries who have issued an urgent travel advisory asking their citizens to avoid travel to Lebanon

UK GCC TALKS

New UK government to finalise FTA by end of 2024, says GCC secretary-general

The GCC Secretary-General’s London visit comes a week after the UK elected a new Labour government

UK elections 2024 - Labour Party

UK elections 2024: Labour sweeps to power as Keir Starmer vows to bring change

Despite a convincing victory, polls have suggested there is little enthusiasm for Starmer or his Labour party

UK

UK election winners will inherit 7 urgent tasks

Whichever party forms the next government after the UK elections will have to contend with challenges such as rising poverty, a stagnating economy, crumbling health infrastructure and growing number of immigrants, among others

Ardian, Saudi's PIF to buy 37.6% stake in Heathrow airport

Ardian, Saudi’s PIF to buy 37.6% stake in Heathrow, Ferrovial keeps 5%

Under the new agreement that also involves other sellers, Ardian and PIF will acquire 22.6 per cent and 15 per cent respectively of FGP Topco, which is the parent company of Heathrow Airport Holdings

Oman

Oman trade deal a priority for India: Reports

The trade ministers of India and Oman met in December 2023 and had asked their negotiators to wrap up talks on a comprehensive pact

RED SEA - YEMEN COAST - MAERSK

Red Sea tensions: UK security firm says vessel targeted near Yemen’s Hodeidah

Yemen’s Houthis have staged attacks on shipping in the Red Sea region for months in solidarity with Palestinians in Gaza

UK’s abolition of non-dom tax status: How Dubai stands to benefit

By April 2025, a revamped tax regime will take effect, stipulating that all foreign income and gains will become taxable after just four years of UK residence

Masdar takes 49% stake in British offshore wind farm

UAE’s Masdar acquires 49% stake in British offshore wind farm

Construction of the mega-facility could start in late 2025, with the first 800 megawatts (MW) of electricity expected to come online by 2029

Bik Bhuptani and Paul Simmons on why regional investors continue to be interested in the real estate sector in the UK Images supplied

Power Letters 2024: Regional investors retain interest in UK real estate

Despite economic headwinds, trends reflect a growing demand for green and ESG-compliant real estate assets in the UK

Aldar to invest $$111m in Europe logistics and storage assets

Aldar, Carlyle to co-invest $111m in Europe logistics and storage assets

The developer will take a majority stake in a co-investment platform, which includes a portfolio of 14 warehouses in the UK

Emirates joins forces with UK in sustainable aviation push Image Emirates X

Emirates joins forces with UK in sustainable aviation push

The Solent Cluster has the potential to create a sustainable aviation fuel plant with an estimated fuel production capacity of 200,000 tonnes (200 kt) per year

RPM Response Plus Medical acquires UK-based Prometheus Medical Image RPM

Response Plus Medical acquires UK-based Prometheus Medical

Following the acquisition, Response Plus Medical is pursuing a robust strategy of integrating all aspects of pre-hospital healthcare services under one umbrella

PureHealth completes acquisition of circle

PureHealth completes acquisition of UK’s largest private healthcare group

Valued at circa $1.2bn before debt, this acquisition firmly positions PureHealth in the global healthcare ecosystem.

Schools

Top schools for expats in Dubai: Here’s a ready reckoner of curricula, locality, and fees

The KHDA releases an annual list of schools and their rankings based on certain metrics such as performance, STEM subjects, development and more.

UK

Has UK economy entered a recession? Q3 data suggest so

UK Finance Minister Jeremy Hunt said the outlook for the economy was not as bad as the updated official figures suggested

UAE’s Masdar to co-develop massive 3GW UK wind farm

The $13.9bn project will consist of two 1.5GW offshore wind farms, with Masdar as a key partner in the project.

Aldar buys UK’s London Square for Dhs1.07bn

Aldar Properties acquires UK developer London Square for Dhs1.07bn

The transaction is expected to have a positive impact on sales, given the opportunities to cross-sell across the two companies’ respective customer base

Manchester City FC reports second year of record-breaking profits Image Supplied

Abu Dhabi-owned Man City reports robust profits

The club confirmed revenues of GBP712.8m and profits of GBP80.4m – nearly double that of the previous year’s record of GBP41.7m

israel flights

Israel: UK, France, US and Australia begin repatriation flights

Various countries worldwide have been rushing to evacuate their nationals due to the rising tensions in the region

Marriott launches all-new Four Points Express by Sheraton brand (Image: Supplied by Marriott International)

Marriott launches all-new Four Points Express by Sheraton brand

It has signed three deals for properties in the UK and Türkiye that will be positioned within its midscale segment

PureHealth to acquire UK’s Circle Health Group for Dhs4.4bn

PureHealth to acquire UK’s Circle Health Group for Dhs4.4bn

The acquisition marks the healthcare group’s foray into the UK , as part of its global expansion programme

uk air traffic

UK air traffic control hit by ‘technical fault’, network-wide delays expected

NATS confirmed that it had experienced a technical glitch which has impacted flights across the country

Heathrow airport trials low-carbon concrete -Image Heathrow Airport Limited

Heathrow is one of world’s first airports to trial use of lower-carbon concrete

As part of Heathrow’s holistic sustainability strategy – Heathrow 2.0 – the airport is committed to reducing on the ground emissions as well as those in the air

ADIB finances UK real estate assets worth $128m in H1 2023

ADIB finances UK real estate assets worth $128m in H1 2023

The banking group has closed senior financing transactions worth more than GBP650m over the past five years