Trending:

Dubai: RTA opens new flyover to ease traffic, support Etihad Rail network

The flyover is expected to further facilitate train movements along vital routes linking to and from Dubai

2025-04-28T04:11:24Z

Nord Lifestyle Development launches Dhs500m HENGE Residences

The project, located on Saadiyat Island, Abu Dhabi, marks the debut of Italian design house HENGE in the UAE real estate market

2025-04-27T12:25:59Z

Logistics of luxury in the Middle East is reshaping high-end retail

The Middle East is emerging as a powerhouse in global luxury retail, driven by a growing population of high-net-worth individuals (HNWI) and evolving consumer expectations. This rise in luxury demand comes with significant developments in the brands’ local logistical set-up and presence. Many have become independent from the joint venture partners ...

2025-04-27T13:07:21Z

China's EV supremacy is its vehicle to overtake US economy

In the Battle of Muye, fought in 1046 BCE, the 45,000 soldiers of the rebel Zhou army defeated the 170,000-strong forces of the Shang. The Zhou dynasty became the longest-lived in Chinese history, ruling over most of northern China. Their decisive weapon was chariots drawn by horses. Today, another novel vehicle is gaining modern China a crucial ad...

2025-04-28T03:00:41Z

UAE listings to get more diverse with tech startup’s IPO on the cards

The UAE’s vibrant initial public offering (IPO) market is poised to welcome a new player, as Cafu, a leading fuel delivery app, reportedly explores a stake sale that could mark its debut on the UAE’s stock exchanges. According to Bloomberg, the startup, founded in 2018 by Emirati tech entrepreneur Rashid Al Ghurair, is in early discussions with Laz...

2025-04-27T14:07:20Z

Peter Gould’s Heart of Design launches to global acclaim

The Heart of Design, the new book by globally recognised designer and creative entrepreneur Peter Gould, has launched to enthusiastic international acclaim. With over 1,500 pre-orders and strong early sales, the book is now reaching readers through select retailers including Kinokuniya stores in the UAE, with wider global distribution underway. Des...

2025-04-27T12:52:17Z

Air India Group to unveil more virtual interline partnerships at ATM

The Air India Group, encompassing full-service carrier Air India and low-cost regional airline Air India Express, is set to announce new virtual interline partnerships at the Arabian Travel Market (ATM) opening today at the Dubai World Trade Centre. These partnerships with foreign low-cost carriers aim to boost Air India Express’s global connectivi...

2025-04-27T13:07:20Z

SelfDrive Mobility launches car rental services with no deposit

SelfDrive Mobility—a leading mobility tech company and the region’s foremost car subscription and rental platform—has announced the launch of its Zero Deposit offering, now available across daily, weekly, and monthly rentals in five key markets: the UAE, Qatar, Bahrain, the Kingdom of Saudi Arabia, and the United Kingdom. Designed for both resident...

2025-04-27T12:37:18Z

DWTC generates Dhs22.35bn in economic output in 2024

DWTC events supported over 85,500 jobs across Dubai’s MICE industry and adjacent sectors

2025-04-28T03:42:06Z

UAE’s debt capital market on track to hit $350b by 2026 despite headwinds

The UAE’s debt capital market (DCM), the second-largest in the GCC, is on track to reach $350 billion by 2026, according to Fitch Ratings. Despite robust fundamentals, the market faces headwinds from global economic volatilities, including recent US tariff hikes. The UAE’s DCM, valued at $309 billion by the end of the first quarter of 2025, grew 8....

2025-04-27T12:52:15Z

Dubai’s most loved BBQ spot celebrates over 10 years of sizzle

It’s more than 10 years since  AB’s first lit the grills in Dubai. What started as a bold idea — to bring live-table grilling to the city — has turned into one of the UAE’s most loved dining experiences. From the aroma of sizzling skewers to the lively atmosphere that feels more like a celebration than a meal, AB’s has become a go-to spot for birth...

2025-04-27T12:37:18Z

Dr Thani Al Zeyoudi meets PM of Germany’s North-Rhine Westphalia region

Dr Thani Al Zeyoudi, UAE Minister of State for Foreign Trade, has held talks with Hendrik Josef Wüst, the Minister-President of the state of North Rhine-Westphalia in Germany, in which they agreed to pursue stronger trade ties and collaborate in key sectors such as technology, advanced manufacturing and the green economy. North Rhine-Westphalia is ...

2025-04-27T13:22:17Z

Breaking up Google: inside Alphabet's awkward legal dance with regulators

The US government and Google are locked in an awkward, albeit required, legal dance as each side tries to convince a judge how severe or relaxed the remedies to a lack of competition in search will be following a landmark legal ruling. Last August, US District Judge Amit Mehta ruled that Google had been illegally exploiting its dominance in the sea...

2025-04-28T03:00:53Z

Iran port blast: What it means for the country's economy and the oil market

An explosion in a port city in southern Iran on Saturday rocked Shahid Rajaee port in Bandar Abbas, disrupting one of the country's key shipping and trading arteries and adding to the oil exporter's significant economic pressures. Fires were still blazing on Sunday after an explosion tore through Iran's largest commercial port at Bandar Abbas the d...

2025-04-27T13:45:11Z

Dubai’s vehicle rental sector sees strong growth in 2024

High-end vehicle rentals rose by 73 per cent, while electric vehicles within the rental fleet grew by 50 per cent

2025-04-28T03:11:13Z

AUX launches its first air conditioners in the UAE

Always Unlimited eXploration – AUX Air Conditioners has entered the UAE market with its first distributor conference held in Dubai. The event welcomed senior executives from AUX Group, industry experts, and key members of AUX’s UAE sales team, marking a significant milestone in AUX’s global expansion strategy. The conference drew the attention of l...

2025-04-27T12:37:18Z

Dubai World Trade Centre delivers Dh22.35 billion in economic output in 2024

The Dubai World Trade Centre (DWTC) continues to reinforce its role as a vital pillar of Dubai’s economy, contributing significantly to the emirate’s GDP through a dynamic calendar of world-class business events. DWTC’s 2024 events — led by 100 large-scale exhibitions, international association conventions, and industry conferences – drew over 2 mi...

2025-04-27T12:52:18Z

Intel survey reveals strong interest in AI-Powered PCs in Saudi Arabia and UAE

Only six per cent of respondents in a survey confirmed owning an AI PC, thus presenting a significant opportunity for the market. According to the survey by Intel in the UAE and Saudi Arabia, 44 per cent of respondents know about AI PCs but have never used them. “This gap presents a significant opportunity to demonstrate the practical benefits of A...

2025-04-27T12:37:18Z

Sharjah explores economic and trade partnerships with Belgium

As part of its ongoing efforts to advance economic and trade cooperation with Belgium, the Department of Government Relations (DGR) in Sharjah hosted an official dinner at The Chedi Al Bait Hotel. The event was held in the presence of Sheikh Fahim Al Qasimi, Chairman of DGR, and Antoine Delcourt, Ambassador of Belgium to the UAE, alongside diplomat...

2025-04-27T13:22:17Z

IMF-World Bank meetings end with little tariff clarity, but economic foreboding

Global finance leaders came to Washington this past week seeking clarity on what it would take to get some relief from President Donald Trump's multi-layered tariff assault and on just how much pain it will bring to the world economy. Most headed home with more questions than answers. Many participants in the International Monetary Fund and World B...

2025-04-27T15:52:23Z

UAE: Why petrol prices are likely to drop next month

Petrol prices in the UAE are likely to drop for the month of May 2025 as prices plunged in April due to the US tariff row and concerns around a slowdown in the global economy and recessionary fears. Globally, Brent fell as low as $62.8 per barrel in early April as tariff war escalated. Brent mostly traded in the $60s a barrel range in April. Global...

2025-04-28T04:22:34Z

AI expert captivates global leaders at Dubai AI Festival 2025

In an intellectually stimulating keynote address that drew global attention, Dr. Abdalla Kablan, award-winning AI expert, author, and serial entrepreneur, delivered a powerful session at the Dubai AI Festival 2025, redefining the future of technology through his groundbreaking concept: Artificial Wisdom. Held under the patronage of Sheikh Hamdan Bi...

2025-04-27T12:37:17Z

Indian airlines may take $15m hit from one-month Pakistan airspace closure

Indian airlines face longer international flights and higher fuel costs as they reroute their aircraft after Pakistan closed its airspace to them amid tension over a deadly terrorist attack in Kashmir. Pakistan put the ban on Indian-owned and operated aircraft in place until May 23. "If Pakistan’s airspace closure persists for one month, the cumula...

2025-04-27T07:45:04Z

Saudi's PIF raises 2030 assets target to $2.67 trillion after exceeding last year's goal

Saudi Arabia's Public Investment Fund has raised its target for assets under management by 2030 to $2.67 trillion, up nearly 43 per cent from its original target of $1.87 trillion, after exceeding its goal for last year. PIF assets reached $941.3 billion last year, exceeding its target of $880 billion and representing a 390 per cent increase since ...

2025-04-27T11:15:52Z

Gold prices in Dubai: Rates to stay high amid US-China tariff row confusion, geopolitical tensions

The confusion about the tariff war between the US and China will keep gold maintaining its safe-haven status and keep prices high despite some signs of relations improving between the world’s two largest economies. In addition, expectations around the easing of monetary policy and geopolitical tensions in the Middle East will also support the preci...

2025-04-27T07:52:14Z

Saudi Arabia surpasses key Vision 2030 targets ahead of schedule

As of the end of 2024, 85 per cent of the 1,502 active initiatives under Vision 2030 are either completed or on track, with 674 completed and 596 progressing as planned

2025-04-27T23:11:07Z