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Branded projects enter Dubai's commercial realty space

Dubai’s commercial market space has grown in pace with the emirate’s booming residential market, as businesses from around the world rush in to take advantage of the emirate’s business-friendly policies. Chestertons Mena’s Q1 2025 Market Report shows a 50.4% year-on-year increase in commercial leasing, underscoring the powerful convergence of marke...

2025-06-15T12:07:36Z

Dubai inflation inches up in May on elevated housing costs

Inflation in Dubai is likely stay at the current moderate levels, as housing costs are expected to soften over the next few months, analysts say. Headline CPI inflation in Dubai accelerated to 2.4 per cent year on year in May, up from 2.3 per cent the previous month, data showed on Monday. On the monthly measure, prices were 0.2 per cent lower, fol...

2025-06-16T11:41:29Z

Adnoc arm-led consortium submits non-binding offer to acquire Australian energy company Santos

XRG, the international investment arm of Adnoc, on Monday announced that an XRG-led consortium has submitted an indicative non-binding offer to acquire Santos, a leading international energy company providing reliable, affordable, and cleaner energy to customers in Australia and the Asia Pacific region. The XRG-led consortium expects to undertake c...

2025-06-16T10:41:21Z

Dubai’s Binghatti launches DIFC-based Shariah-compliant asset management firm

The new entity plans to manage approximately $1bn in Shariah-compliant private credit and real estate strategies

2025-06-16T09:13:51Z

AI in fintech: Bridging the financial divide, not widening it

As AI transforms fintech, the focus must shift from speed and scale to inclusion and impact. The need is for a human-centred, AI-driven approach that empowers underserved communities and bridges the global financial divide

2025-06-16T05:58:24Z

Amazon to invest $13 billion in Australia's data centre infrastructure over five years

UPDATE 3-Amazon to invest $13 billion in Australia's data center infrastructure over five years

2025-06-15T13:22:52Z

From One Development to startup advice: Mr Wonderful Kevin O’Leary dishes out details

The astute entrepreneur opens up about why he’s betting big on the UAE, what makes One Development’s real estate model stand out, and the hard truths he shares with investors and founders

2025-06-16T02:12:54Z

Ras Al Khaimah widens branded hospitality space with new projects

Ras Al Khaimah (RAK), one of the fastest-growing emirates in the UAE, is emerging as a prime destination for luxury real estate investment, particularly in the branded residences segment. With its pristine coastline, scenic mountains, and investor-friendly policies, RAK is attracting global hospitality brands and high-net-worth individuals seeking ...

2025-06-15T12:07:34Z

Unglamorous world of 'data infrastructure' driving hot tech M&A market in AI race

RPT-ANALYSIS-Unglamorous world of 'data infrastructure' driving hot tech M&A market in AI race

2025-06-15T12:22:38Z

UAE economy to grow 5.1 per cent in 2025 — ICAEW

Non-oil GDP growth remains solid, underpinned by strong purchasing managers’ index readings and a sharp rise in international trade

2025-06-16T11:29:18Z

GCC public spending projected to hit $542bn in 2025

Oil revenues remain the largest component of government income in the region, making fiscal positions highly sensitive to global oil price fluctuations

2025-06-16T08:43:51Z

Israel's move to isolate Palestinian banks will give rise to black market

Israel’s move to cancel a waiver that allows Israeli banks to transact with their Palestinian counterparts risks worsening the dire humanitarian situation in Gaza and would likely create a cash economy and encourage a hard-to-control black market in the West Bank, analysts say. The order by Israel's Finance Minister Bezalel Smotrich last week will ...

2025-06-16T06:13:38Z

Timeline r: Dubai to start driverless cars trials with Uber, WeRide

Dubai’s Roads and Transport Authority (RTA) has signed a Memorandum of Understanding (MoU) with Uber Technologies, Inc. (NYSE: UBER), a global leader in ride-hailing and delivery, and WeRide (NASDAQ: WRD), a leading autonomous driving technology firm. Under the agreement, autonomous vehicles will begin pilot operations via the Uber app in Dubai later this year. The…

2025-06-15T12:25:47Z

Meta's $14.8 billion Scale AI deal latest test of AI partnerships

ANALYSIS-Meta's $14.8 billion Scale AI deal latest test of AI partnerships

2025-06-15T12:22:38Z

Non-oil sector propels UAE’s GDP to nearly Dh1.8 trillion in 2024

The UAE’s economy registered a growth of 4.0 per cent in real gross domestic product (GDP) in 2024, reaching Dh1.776 trillion, underscoring the resilience and dynamism of the country’s non-oil sectors in the face of a challenging global environment. According to official data released by the Federal Competitiveness and Statistics Centre (FCSC) on S...

2025-06-15T15:08:15Z

Adnoc’s XRG leads $19bn bid to buy Australian gas producer Santos

Adnoc’s global energy investment arm XRG has made a $19 billion indicative offer to buy Australia's second-largest gas producer Santos, as the Abu Dhabi company aims to boost its liquefied natural gas production. Under the proposal, the consortium led by XRG, including Abu Dhabi's sovereign wealth fund ADQ and global investment firm Carlyle, propos...

2025-06-16T07:28:45Z

Paris Air Show: Saudi Arabian lessor AviLease orders up to 77 Airbus planes

Saudi Arabian plane lessor AviLease has signed a deal for up to 77 Airbus planes, featuring a mix of freighters and narrow-body passenger jets, as it seeks to become one of the world's top 10 lessors by 2030. The company signed an initial firm order for 10 A350F, the freighter variant of the A350 platform, along with 30 A321 Neo and A320 Neo planes...

2025-06-16T10:59:37Z

Oil shock looms as Strait of Hormuz crisis fuels inflation fears

The intensifying Iran-Israel conflict has jolted global financial markets, with fears of a potential closure of the Strait of Hormuz — a vital conduit for 20 million barrels of oil and refined products daily — pushing oil prices toward $120 per barrel and threatening to reignite inflation worldwide. While geopolitical tensions have long simmered in...

2025-06-15T15:23:21Z

Jumeirah Bay Island leads surge in Dubai luxury property values

Jumeirah Bay Island has recorded a standout 24 per cent year-on-year price growth, leading a wider trend across sought-after coastal communities like Palm Jumeirah, Bluewaters Island, and JBR, data showed on Monday. The data points to a sustained demand for luxury beachfront living, driven by scarcity, international interest, and a shift toward lif...

2025-06-16T11:56:34Z