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AD Ports to invest $600m in Kazakhstan as part of future expansion

AD Ports Group, the operator of industrial cities and free zones in Abu Dhabi, is planning to invest about $600 million to expand its operations in Kazakhstan. The company, which has so far invested about $175 million into projects in the Central Asian nation, plans to develop a multipurpose terminal to boost trade and grow its fleet in the Caspian...

2025-05-13T17:07:46Z

Spinneys posts record Q1 revenue as store expansion drives growth

UAE operations have remained the company's core revenue engine, contributing Dhs864m in sales.

2025-05-13T09:29:29Z

Dubai Residential REIT sets IPO price range, eyes up to Dhs1.79bn raise

The offer price range has been set between Dhs1.07 and Dhs1.10 per unit, implying a market capitalisation of between Dhs13.9bn and Dhs14.3bn

2025-05-13T09:44:32Z

DCTCM’s Hoor Al Khaja on strategy, sustainability and Dubai’s global appeal

The SVP of International Operations at DCTCM discusses Dubai’s unified tourism strategy, growing global appeal, sustainability and gastronomy focus

2025-05-14T04:14:46Z

Saudi Crown Prince, US President Trump sign Strategic Economic Partnership

Among the agreements was a memorandum of understanding for energy cooperation between Saudi Arabia’s Ministry of Energy and the US Department of Energy

2025-05-14T00:29:43Z

Dubai property sees demand rising from investors seeking accessible entry points

As the Dubai property market matures, a number of tenants have been steadily transitioning into property buyers, thus expanding the end-user base in the emirate. On cue, Central Asian developer Deniz, in collaboration with Mimar, a leading design institute in the Middle East, and Seeniun Properties, a leading UAE real estate brokerage, officially u...

2025-05-13T17:44:22Z

Trump’s Saudi Arabia visit unlocks $600bn in investment deals

A slate of high-profile business deals across Riyadh, Doha and Abu Dhabi are being unveiled this week

2025-05-13T17:14:37Z

Honda sees full-year profit down 59% as US tariffs bite, postpones Canada EV plans

UPDATE 2-Honda sees full-year profit down 59% as US tariffs bite, postpones Canada EV plans

2025-05-13T17:44:21Z

Hassana, Franklin Templeton ink $150m MoU to boost Saudi private credit market

Hassana, which manages more than SAR1.2tn ($320bn in assets, is one of the region’s largest institutional investors

2025-05-13T22:33:17Z

GS1 UAE hosts landmark healthcare workshop to fast-track national UDI implementation

GS1 UAE recently hosted an exclusive Healthcare User Group UDI Stream focused on accelerating the implementation of Unique Device Identification (UDI) for medical devices in the country. The event brought together leading experts, and global medical technology companies — including representatives from GS1 UAE, MECOMED, BD and Johnson & Johnson — t...

2025-05-13T17:44:21Z

From Dirhams to digital: Dubai lets you pay government fees in crypto

The Dubai Cashless Strategy is expected to contribute at least Dh8bn annually to the local economy

2025-05-13T07:59:24Z

How can foreign citizens invest in Indian stocks markets?

Question: Some of my friends who are citizens of the UK and Europe would like to invest directly in stocks and shares of Indian companies.  Is it possible for them to do so?  If not, what avenues are open for investing in the capital market? ANSWER: Foreign citizens can invest in Indian stocks and shares only through the foreign portfolio investors...

2025-05-13T11:14:41Z

As Dubai Residential REIT launches its IPO, here is what to know about investing in REITs

The debut of the Dubai Residential REIT, the region’s first listed real estate investment trust focused exclusively on residential leasing, marks a significant moment in the evolution of the UAE’s property and financial sectors. With a portfolio of more than 35,000 units and a gross asset value exceeding Dh21.6 billion, Dubai Residential REIT stand...

2025-05-13T07:07:51Z

Trump’s Saudi visit: Oracle pledges $14bn investment in Saudi Arabia

Oracle said the expanded partnership would also strengthen US-Saudi ties, enhance the kingdom’s security and intelligence capabilities

2025-05-13T18:18:09Z

Heads-up shoppers: Dubai Mall announces major route changes

Authorities have advised visitors to follow signage and allow extra travel time when accessing the mall

2025-05-13T11:29:33Z

Tribe – The CMO Connect: Where the marketing powerhouses unite in Dubai

This third edition will also feature the exclusive unveiling of the GCC's Most Influential Marketing Leaders

2025-05-14T06:59:50Z

Abu Dhabi realty posts record capital gains amid supply squeeze

Abu Dhabi’s real estate market has posted its strongest capital gains in three years during Q1 2025, driven by robust demand and limited supply, according to a ValuStrat research report. Despite a slowdown in sales volumes, rising prices and rents across residential, commercial, and hospitality sectors signal sustained investor confidence in the em...

2025-05-13T16:14:39Z

UAE real estate assets to accelerate from Dh2.5 trillion due to high demand

The value of real estate assets in the UAE has exceeded $680 billion (Dh2.5 trillion), according to a top official, which is expected to grow fast in the coming years due to higher demand and fueled in part by the current US-China trade war. “The UAE real estate market comprises almost US$680 billion worth of assets today which is expected to grow ...

2025-05-13T18:14:31Z

UAE’s largest aluminium recycling plant reaches 50% construction milestone

Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, on Tuesday announced that construction of the UAE’s largest aluminium recycling plant has reached 50 per cent completion, 42 days ahead of schedule. The 170,000 tonnes per year facility is being built next to EGA’s existing smelter in Al Tawee...

2025-05-13T11:29:29Z

How India’s ports are steering a new era of global trade

At sunrise on a Thursday morning in May 2024, the San Fernando, a 300-metre-long, 48-metre-wide container mothership, sliced through the waters off Kerala’s coast. Chartered by Maersk, the vessel reached the outer channel of the Vizhinjam International Seaport around 7 am and by 9:30 am, was gently being nudged into its berth. Even as a water salut...

2025-05-13T17:59:24Z

Elon Musk says Tesla Robotaxis are coming to streets of Saudi Arabia

Tesla Motors is bringing its Robotaxis and humanoid robots to Saudi Arabia, which will boost the kingdom's technology and economic landscapes, the electric vehicle maker's chief executive Elon Musk said. Mr Musk did not give a timeline for the deployment of the futuristic cars − also known as the Cybercab − but said at the Saudi-US Investment Forum...

2025-05-13T16:22:55Z

Building on data: How e&’s Dr Karim Bennis is powering its financial success story

e&'s group CFO shares how strategic monetisation, bold reinvestment, and financial discipline are accelerating its evolution and expansion globally

2025-05-14T04:03:22Z

Nissan cut plants and workers as new CEO Espinosa takes axe to costs

UPDATE 4-Nissan cut plants and workers as new CEO Espinosa takes axe to costs

2025-05-13T17:44:22Z

Abu Dhabi's G42 and Cisco sign initial agreement to explore AI investment

UAE artificial intelligence company G42 and US technology firm Cisco have signed an initial agreement on Tuesday to explore AI infrastructure development across the public and private sectors just days ahead of US President Donald Trump's arrival in the Emirates. They did not disclose the value of investments involved in the partnership. The deal w...

2025-05-13T12:37:55Z

MENA region saw 14 IPOs valued at $2.1bn in Q1; Saudi leads the lot

The pipeline for 2025 remains promising with at least 21 companies have announced intentions to go public, the report stated

2025-05-13T13:59:41Z

UAE retailers grapple with new AI-driven sales realities

AI is finding its way onto the shelves of UAE electronics retailers. Washing machines, speakers, mice, cameras, you name it. These additions promise consumers innovation. But it also presents fresh, complex hurdles for retailers to overcome. I recently moderated a roundtable discussion at the 2025 Channel Summit, during which senior UAE retail lead...

2025-05-13T11:14:18Z

Air Arabia posts 34% rise in Q1 profit as passenger nos, revenue rise

Air Arabia's revenue rose by 14 per cent to Dhs1.75bn, with over 4.9 million passengers flown across six operating hubs

2025-05-13T23:59:41Z

Nvidia, AWS, AMD and Oracle announce Humain AI partnerships on Trump's Saudi visit

US technology majors including Nvidia, Amazon Web Services, Advanced Micro Devices and Oracle said on Tuesday that they plan to work with Saudi Public Investment Fund's recently announced artificial intelligence company Humain. The new company was unveiled on Monday, before US President Donald Trump's visit to Riyadh. “Humain will provide a compreh...

2025-05-13T22:37:57Z

RTA’s overhaul: How it’s improving traffic on Dubai’s Emirates Road

The RTA is also encouraging truck drivers to utilise designated rest areas during the restricted hours to reduce congestion

2025-05-13T14:29:32Z

Fintech remains top choice of investors as it attracts 362% more investment in Q1

Fintech remained a funding powerhouse in the Middle East and North Africa (Mena) during the first quarter of 2025 as it recorded 362% year-on-year growth by attracting $384 million investment, the latest data shows. Magnitt, the leading data and intelligence platform tracking venture capital and private equity across emerging venture markets, said ...

2025-05-14T06:14:49Z

Air India, IndiGo have cancelled operations at multiple airports

Neither airline specified the exact cause of the disruption, although the suspended routes point to heightened security precautions

2025-05-14T05:33:22Z

Elon Musk: Starlink has been approved in Saudi Arabia

Musk, who also heads Tesla, used the occasion to float his wider ambitions for the region

2025-05-14T06:29:45Z

UAE: Gold prices slip further as tariff row, geopolitical tensions ease

Gold prices slipped slightly at the opening of the markets in Dubai on Wednesday. According to Dubai Jewellery Group data, the 24-karat dipped to Dh388.25 per gram. The 22-karat, 21-karat, and 18-karat variants opened lower at Dh359.75, Dh345, and Dh295.5 per gram, respectively. Spot gold was trading at $3,226.59 per ounce, down 0.5 per cent. Vijay...

2025-05-14T05:29:31Z

Botim, Mbank partner to issue Jaywan prepaid card

The agreement enables Botim, powered by PayBy, to issue Jaywan prepaid cards directly to its users via its app

2025-05-13T10:29:36Z

Sharjah: A destination for young media professionals to learn, innovate, and lead

Reflecting Sharjah’s leadership as the capital of Arab media, Sharjah Media City (Shams) welcomed a new batch of participants from the future of Arab media. The program, organized by the Arab Youth Center, featured 55 young men and women representing 18 Arab countries. This visit came as part of Shams’ commitment to empowering the new generation of...

2025-05-13T17:59:24Z

AI guides new generation of property buyers in Dubai

Dubai’s buoyant real estate market is witnessing a generational shift, with AI playing a key part in attracting a new wave of younger buyers. A market report released by fäm Properties reveals a steep drop in the average age of buyers over the last eight years - from 54 in 2017 to 44 in 2025 in the off-plan sector, and from 53 to 42 in the ready or...

2025-05-13T18:14:28Z

How much is Dubai’s Salik making in 2025? Here’s the latest

In Salik’s core tolling business, total chargeable trips reached 158.0m following the introduction of variable pricing at the end of January 2025

2025-05-13T09:14:35Z

HUMAIN, NVIDIA join forces to drive AI development in Saudi Arabia

The partnership is set to play a critical role in realising the kingdom’s ambition to lead the world in AI and advanced digital infrastructure

2025-05-13T20:33:14Z

Aldar sells Mamsha Gardens bldg to Hong Kong’s Gaw Capital for Dhs586m

Launching on May 14, the units will be available for all nationalities and are expected to attract investors focused on the short-term rental market

2025-05-13T20:14:43Z

Trophy mansion in Al Barari sells for Dh107 million

Villa Y3, a fully custom-built, ultra-luxury mansion in Al Barari’s prestigious Amaia Collection, has been sold for a whopping Dh107 million. This represents the highest ever Al Barari villa price per square foot at Dh6,316. Maria Morris Global represented the buyer in this transaction, with Charlie King of Allsopp & Allsopp representing the seller...

2025-05-13T12:14:44Z

US Treasury Secretary Scott Bessent sees 'big, beautiful' economic rebalancing with China

Live updates: Follow the latest on Trump's Gulf trip US Treasury Secretary Scott Bessent on Tuesday said he is hopeful of a “big, beautiful” economic rebalancing with China after Washington and Beijing's trade talks in Geneva led to a temporary reduction of levies between the two economic superpowers. The US-China trade talks in the Swiss city were...

2025-05-13T10:08:00Z

Masdar to develop new renewable energy projects in Kazakhstan

Abu Dhabi’s Masdar has announced that it will be developing new renewable energy and battery energy storage system (BESS) projects in Kazakhstan to help the central Asian republic reach its clean energy targets. In a statement on Tuesday, Abu Dhabi's clean energy company said it has agreed to link up with Samruk-Kazyna, Kazakhstan’s sovereign wealt...

2025-05-13T07:37:45Z

AWS, HUMAIN to launch $5bn AI Zone in Saudi Arabia

The two entities also plan to develop large language models (LLMs), including Arabic-focused models, to support AI adoption in key sectors

2025-05-13T23:33:19Z

Saudi Arabia to invest $600bn in the US as countries sign 'largest defence deal in history'

Live updates: Follow the latest on Trump's Gulf trip Saudi Arabia has committed to investing $600 billion in the US through a series of deals in energy, defence, technology, infrastructure and critical minerals, the White House said. The deals were signed on Tuesday during US President Donald Trump's visit to the kingdom. "We will work in the next ...

2025-05-13T14:52:52Z