Dubai Holding, a prominent global investment conglomerate, has announced its intention to establish a Real Estate Investment Trust (REIT), targeting substantial investment in the region’s thriving real estate sector. This strategic move aligns with the co...

Nio, the Chinese electric vehicle (EV) manufacturer, has taken a strategic step forward by partnering with Abu Dhabi-based CYVN Holdings to enhance EV production and sales across the Middle East and North Africa (MENA) region. The collaboration aims to ac...

Dubai’s booming real estate sector, characterized by record demand and competitive opportunities, is posing mounting challenges for developers seeking prime land. According to Reef Luxury Developments CEO, Samer Ambar, securing high-value plots has become...

Aircraft lessor Dubai Aerospace Enterprise (DAE) has successfully reached a settlement with insurer AXA regarding the jets that have been retained in Russia since the onset of the Ukraine conflict in 2022. This resolution opens avenues for further financi...

The Central Bank of the UAE (CBUAE) has imposed a temporary ban on a takaful insurer, prohibiting it from issuing or renewing health and motor insurance contracts. This move follows the insurer’s failure to meet the minimum capital requirements mandated b...

India’s capital markets have positioned themselves at the forefront of global initial public offerings (IPOs), achieving a remarkable total of over $12 billion in IPOs this year. This significant uptick not only showcases the country’s economic resilience...

The United Arab Emirates has secured its position as the top-ranking country in North Africa and Western Asia in the World Intellectual Property Organization’s (WIPO) 2024 Global Innovation Index (GII), underscoring its growing influence in innovation, te...

Kenya is reportedly on the verge of securing a $1.5 billion loan from the United Arab Emirates (UAE), a move aimed at bolstering the country’s struggling financial position. This financing deal, which carries an interest rate of 8.2%, comes amid a widenin...

Smartsheet, a leading platform for enterprise work management, has been acquired for $8.4 billion in a deal spearheaded by Blackstone and Vista Equity Partners. The Abu Dhabi Investment Authority (ADIA) has been named as a key co-investor in this high-pro...

OPEC has revised its long-term outlook for global oil demand, emphasizing the significant role of developing countries in driving consumption. This adjustment reflects broader economic trends, demographic shifts, and the continuing reliance on fossil fuel...

Brian Cox, known for his formidable roles on screen, has taken on a new persona to address a growing health crisis in modern workplaces. As part of a public service announcement (PSA) for ASICS, Cox portrays “the world’s scariest boss” to highlight the me...

ADNOC Distribution has announced an interim cash dividend of $350 million for the first half of the fiscal year, reflecting its strong financial performance and commitment to returning value to shareholders. This decision underscores the company’s robust...

OpenAI’s recent redesign of its logo has ignited significant criticism and concern among employees. The changes, unveiled during a company-wide meeting, aimed to modernize the branding and reflect the organization’s growth trajectory. However, feedback fr...

Gulf Cooperation Council (GCC) countries are making steady progress towards a unified economic framework that would grant economic citizenship across the bloc. The move aims to boost regional integration, attract investments, and facilitate smoother econo...

Investcorp, a prominent global alternative investment firm, has unveiled a significant expansion into the U.S. industrial real estate sector. The firm, in collaboration with two major sovereign wealth funds, has established a new venture valued at $526 mi...