Shuaa Capital, a leading investment company based in Dubai, is poised to convene its board of directors to deliberate on a significant proposal for the issuance of Mandatory Convertible Bonds (MCBs) amounting to $175 million. This meeting, set against a b...

Air India is implementing a comprehensive restructuring of its airfare policies, covering all cabin classes, amid its ongoing efforts to enhance its global presence and profitability. This shift comes in the context of the airline’s broader plans under th...

Dubai's real estate sector is poised for a significant expansion, projected to deliver approximately 90,000 new homes within the next two years. This surge, driven by a blend of robust demand, favorable government policies, and infrastructural advancement...

Construction plans in Dubai are unveiling a striking new addition to the skyline: a skyscraper designed to be just one apartment wide, set to reach an impressive height of 380 meters. This innovative architectural marvel, dubbed

The International Monetary Fund (IMF) has projected that global public debt will exceed $100 trillion by the close of 2024, underscoring the growing fiscal challenges faced by both developed and developing economies. This daunting figure reflects the accu...

Wynn Resorts has announced the size of its highly anticipated gaming area in Ras Al Khaimah, marking a significant development in the UAE's burgeoning gaming and entertainment landscape. The new facility is set to span approximately 75,000 square feet, sh...

A recent auction for premium vehicle number plates in Dubai has attracted significant attention, culminating in a remarkable total of Dhs69.1 million in bids. The event, which marks the 116th edition of this popular auction, featured a collection of 90 ex...

Dubai Silicon Oasis (DSO) has garnered the prestigious title of

ADNOC L&S, the shipping and logistics arm of the Abu Dhabi National Oil Company (ADNOC), has signed a joint venture agreement to build two ammonia carriers valued at $250 million. This move marks a significant step in ADNOC's growing role in the globa...

Spinneys has announced plans to construct a significant facility in Food Tech Valley, marking a pivotal move in its expansion strategy within the region's rapidly evolving food industry. This project aligns with the growing emphasis on innovation in food...

China Tiejsu has been awarded a significant construction contract for a tower in Dubai’s Business Bay, marking a notable expansion of its presence in the UAE construction market. This contract comes at a time when the UAE is experiencing a construction bo...

National Industries Group (NI Group), one of Kuwait's leading conglomerates, is weighing a strategic move to acquire Foulath Holding, a key player in the steel and industrial sectors across the Gulf region. This potential acquisition signals NI Group's in...

QatarEnergy has finalized a significant 20-year naphtha supply agreement with Shell, marking a pivotal development in the global energy sector. The agreement, effective from April 2025, is set to deliver up to 18 million metric tons of naphtha to Shell's...

A transformative budget for 2025 has been approved by the UAE Cabinet, reflecting a strategic vision to enhance the nation’s economic growth, development, and social welfare. The budget, amounting to an unprecedented AED 72.8 billion (approximately USD 19...

Saudi Arabia’s food giant Almarai is poised for a major expansion in the region with its decision to acquire Jordan's Hammoudeh Food Industries for $70 million. This strategic move aims to bolster Almarai’s dairy and cheese production capabilities through...