Islamic treasury bonds in the UAE have successfully attracted significant interest, garnering Dhs7.20 billion in bids during the latest auction conducted by the Ministry of Finance. This remarkable response underscores the growing demand for Sharia-compli...

A significant boost to Dubai’s real estate market is on the horizon as the emirate prepares to deliver an impressive 90,000 new homes within the next two years. This initiative, driven by rising demand and a focus on sustainable development, marks a pivot...

Sanad, a global aerospace engineering company, has finalized a $408 million transaction with Etihad Airways to purchase and lease back jet engines, marking a significant expansion of their partnership. The deal involves the sale of aircraft engines from E...

Takaful Emarat, a prominent insurance company based in Dubai, has initiated a significant capital reduction of AED 121 million (approximately $33 million). This move comes as part of the company’s broader strategy to enhance its financial stability and st...

Growing economic ties between Russia and the United Arab Emirates (UAE) are underscored by a notable increase in trade, which has reportedly tripled over the last three years, according to President Vladimir Putin. This significant surge in bilateral comm...

Bahrain is contemplating a major infrastructure project, considering the development of a new terminal for Bahrain International Airport. This initiative aims to bolster the country’s position as a regional transportation hub, significantly increasing its...

Investors are increasingly drawn to Abu Dhabi’s property market, with substantial growth in return on investment (ROI) and a surge in foreign capital inflows. This trend has been particularly prominent in 2024, with off-plan developments and luxury real e...

Abu Dhabi National Oil Company (ADNOC) has enhanced its ownership in Fertiglobe, a leading producer of nitrogen fertilizers, with an aim to advance the development of low-carbon ammonia. This strategic move signals ADNOC’s commitment to reinforcing its po...

Dubai’s flagship carrier, Emirates, has voiced strong dissatisfaction with Boeing regarding another significant delay in the delivery of the much-anticipated 777X aircraft. The airline, which had originally anticipated the arrival of the aircraft several...

China’s electric vehicle (EV) market is rapidly reshaping the automotive landscape, leaving established players like Volkswagen, BMW, and Mercedes-Benz struggling to keep pace. With substantial investments and government support, Chinese manufacturers are...

An initial public offering (IPO) by a leading Saudi human resource firm has garnered significant attention, with the offering fully subscribed within the first hour of trading. This surge in interest reflects growing investor confidence in the burgeoning...

The UAE Cabinet, led by His Highness Sheikh Mohammed bin Rashid Al Maktoum, has approved a forward-looking stance on artificial intelligence (AI) policy, positioning the nation as a central player in shaping global AI governance. This decision is part of...

The launch of the Abu Dhabi Real Estate Centre (ADREC) signals a major push to attract more foreign direct investment (FDI) into the emirate’s growing real estate sector. Spearheaded by the Department of Municipalities and Transport (DMT), ADREC is tasked...

Ratan Tata, a stalwart in India’s corporate landscape and a key figure in elevating the Tata Group to international prominence, has passed away at the age of 86. His leadership was marked by significant transformations within the Tata Group, extending its...

Several airlines have expanded their operations over Afghanistan, marking a significant shift in air traffic dynamics in a region characterized by geopolitical instability and ongoing tensions. This development comes in the wake of changing airspace polic...