UCC Holding and Ashghal begin 3D-printing new schools in Qatar
Author Archives: Staff Writer
Sharjah Islamic Bank
Sharjah Islamic Bank strengthens capital with new Sukuk
This most recent transaction marks the fifth listing by the Bank on Nasdaq Dubai, raising its total listed value on the exchange to AED9.1 billion ($2.5 billion)
Aviation
Emirates, Bahamasair partner to launch Caribbean connectivity via Florida gateways
Emirates’ customers will enjoy baggage allowance when flying on Bahamasair to the three destinations
Dubai
Emirates Airline launches free shuttle service for economy flyers
Dubai-based Emirates will also offer a complimentary coach service for Economy Class passengers
Abu Dhabi
Etihad Airways expands Karachi flight routes
The UAE carrier will provide 28 weekly services on the Abu Dhabi-Karachi route, with tickets now available for purchase
blue-collar workers
Expo City Dubai launches new Terrazo Food Rescue programme for blue-collar workers
Restaurants participate by setting aside high-quality surplus food daily, Mai Shalaby, Senior Manager – Sustainability at Expo City Dubai told Arabian Business
bank account
Mashreq launches new saver account offering 6.25% interest and $1,360 cashback
Mashreq launches digital savings account with significant returns
Ministry of Hajj and Umrah
Saudi Arabia Ministry of Hajj and Umrah announces start of new Umrah season
The kingdom has announced the beginning of 2025 Umrah season with enhanced digital services
Kuwait
Kuwait announces mandatory exit permits for expats from July 1
New Kuwait expat rules require workers to submit exit requests to employers
Dubai
Dubai real estate: Property market shows strength as stock index hits 17-year high
“Dubai is currently considered one of the hottest residential real estate markets in the world,” the report said
Dubai
Dubai real estate: H&H launches Eden House Za’abeel residential development in DIFC
The development represents the expansion of the company’s Eden House brand portfolio within Dubai’s property market
Aviation
Trump’s Middle East visit brings an order windfall for Boeing in May
With orders for 303 aircraft, it was the best month since December 2023; It includes a 160-aircraft order from Qatar Airways and 28 from Etihad
AI adoption
UAE leads Arab world in AI learning surge, says new Coursera report
The UAE now ranks first in the Arab world for AI readiness and digital proficiency,underscoring its strategic push toward a knowledge-based, future-ready economy, the report said
Dubai real estate market
Emaar Properties launches digital resale platform VYOM
The digital solution allows customers to create listings, upload property images, and manage inquiries without any intermediaries
commercial real estate
Terralogix, Dubai’s largest privately owned logistics park launched
Two of Dubai’s well-known companies – Dutco and Sweid & Sweid – to partner in creating the 3.3mn sqft development in Warsan
Saudi employees
Saudi workers ready to quit for better pay as Vision 2030 transforms workforce: Report
Saudi Arabia emerges as one of the most AI-ready workforces globally, with government employees leading adoption rates, the report said
talent attraction
UAE workers want higher pay as 80% consider job switch: Report
UAE Gen Z workers report feeling overlooked, with 60 per cent believing they miss training opportunities due to their age, the report said
Abu Dhabi
ADNOC L&S to transport 70% of Borouge’s production in $531mn deal
The contract period is for 15 years; Borouge to save more than $50mn in cost and efficiencies in the first five years alone
agrifood industry
Invictus Investment plans a third acquisition in Africa by the end of 2025
North Africa and key coastal markets will be an area of focus for the company in the near term for the Dubai company that is now present in 65 markets
Abu Dhabi
Royal Development Holding announces its maiden project on Al Reem Island
The newly formed ESG Emirates Stallions Group Subsidiary will partner SAAS Properties and Marriott to develop a $440mn project
Dubai real estate
10 Hollywood quotes every Dubai real estate investor should live by in 2025
What The Godfather, Dirty Harry and Wall Street can teach you about building success in the Dubai property market
anti money laundering
EU removes UAE from ‘high-risk’ money-laundering list
EU removes UAE from high-risk money-laundering risk as the country makes efforts to strengthen financial regulations
delivery drivers
UAE announces 10,000 air-conditioned rest shelters for delivery drivers during summer
UAE will provide access to over 10,000 air-conditioned shelters during summer months
anti money laundering
UAE central bank fines 6 exchange houses $3.3m
Central Bank of the UAE imposed financial sanctions on six exchange houses
Islamic Finance
Qatar Islamic finance assets hit $188bn
Islamic finance assets in Qatar increased by more than 4 per cent last year
Dubai
Dubai’s RTA transported 7.6m passengers over Eid Al Adha
RTA transported almost 7.6m passengers in Dubai over Eid Al Adha
Oman
Oman hotel revenue hits $284m as visitor numbers up 8.6%
Oman is attracting more tourists from around the world, leading to a spike in 3 to 5-star hotel revenue
Al Maktoum International
How $35bn Al Maktoum International Airport expansion is driving major Dubai South real estate investment boom as property prices tipped to grow 20%
Dubai South real estate could see property prices increase by up to 20 per cent in near term as Al Maktoum International Airport drives interest
Brand View
OMNIYAT acquires Marasi Bay Island and unveils Dubai’s first beach club in Burj Khalifa district
Ultra-luxury developer expands ambitious waterfront ecosystem with exclusive island destination and curated amenities
ADNOC Gas
ADNOC Gas announces $5bn contracts for Rich Gas development project
ADNOC Gas announces major contracts for Phase 1 on its Rich Gas Development Project
branded real estate
UAE real estate: One Group launches ELEVATE as it eyes $1bn project pipeline
One Group enters UAE with Elevate and plans $1bn real estate pipeline starting with beachfront branded real estate
live sporting events
UAE residents plan holidays around sporting events, Hyatt survey finds
Events like Formula 1 and football fixtures have driven occupancy levels across Dubai and Abu Dhabi, the report said
Dubai real estate
Dubai real estate: PRYPCO Mint launches second tokenised property with investment from just $545
PRYPCO Mint offers Dubai tokenised real estate investment opportunity from just $545 for share of $510,500 apartment
Dubai
Dubai real estate: Alma Gardens debuts in Liwan with move-in ready apartments from AED1.08mn
Alma Gardens sits within Liwan, providing access to Academic City, Silicon Oasis, and Dubai’s educational institutions
Apple
Apple’s WWDC 2025: iOS 26, Liquid Glass launched for seamless digital experience
For the first time, Apple has aligned all its platforms under a single version number:
iOS 26, macOS 26, iPadOS 26, watchOS 26, tvOS 26, and visionOS 26
Brand View
Customer Experience (CX) Innovation: How e& is rewiring leadership through empathy
e& UAE, the flagship telecom arm of e&, plans to expand this programme to include middle management, product owners, and decision-makers, requiring participation in the immersion day at least once annually
Deyaar Development
Dubai real estate: Deyaar launches Downtown Residences twin towers in Business Bay
Downtown Residences’ design draws inspiration from Maslow’s Hierarchy of Needs
Dubai Airports
Dubai Airports slashes parking rates for June summer holidays
Dubai International Airport (DXB) expects to welcome over 250,000 passengers daily during the period
Abu Dhabi real estate
Abu Dhabi real estate: Luxury property sales hit $1.7bn in first four months of 2025
The rise of branded residences in Abu Dhabi has been one of the strongest growth engines in 2025
corporate banking
Majed Julfar is back with Deutsche Bank as Chief Country Officer
Also named Head of Corporate Coverage for the Middle East and Africa region; Was with Etihad Credit Insurance for the last six years
Dubai
Dubai real estate: Madar Developments launches $54.5mn Tulip Oasis X Residences in Majan District
Tulip Oasis X Residences is scheduled for completion by Q2 2026
Canada
Saudi Crown Prince bin Salman invited to attend G7 meeting in Canada
Saudi embassy yet to confirm his attendance; Invitations to the Crown Prince and Indian PM Modi show a change in Canada’s diplomatic thinking
Careem
Hala Taxi customers save $4.08mn through Careem Plus subscriptions
Careem Plus is integrated into the Careem ‘Everything App’ and provides members with benefits across multiple services for a monthly fee of AED19
DMCC
DMCC and developer break ground on 38-storey W Residences Dubai branded real estate tower in JLT
38-storey branded tower set to deliver 185 luxury homes and premium amenities in collaboration with Marriott International
Dubai
Dubai real estate: TownX, Knight Frank sign new deal for 20,000 sq ft of retail space at Luma Park Views
Luma Park Views in Dubai includes retail spaces with car parking and electric vehicle charging stations
Brand Finance
Dubai Police ranked World’s most reputable law enforcement agency with $16bn brand value
Brand Finance awards Dubai Police AAA+ rating and top global position in Institutional Brand Value Index
Schengen area visa
Schengen Visa: UAE travellers’ guide to hidden summer 2025 destinations beyond Europe
A Schengen visa also opens doors to many surprising non-Schengen countries worldwide, offering UAE travelers affordable and less crowded alternatives this summer
Midday break
Saudi Arabia announces 2025 outdoor work ban
Saudi outdoor work ban to begin on June 15
Artificial intelligence
OpenAI’s annual recurring revenue surges past $10 billion
CNBC quotes an unnamed company source that the $10bn ARR is almost double that of $5.5bn in December last year
5G
e& UAE sets world record with 600Mbps uplink on live 5G network
e& UAE world-record 5G network speeds unlock opportunities for businesses, consumers and content creators
Ajman
Ajman issues new real estate laws
Ajman introduces new rules to govern real estate service fees and fines
clean energy
Dubai solar power capacity surges to 3,860MW as clean energy share hits 21.5%
DEWA advances towards 2050 net-zero target with massive expansion of Mohammed bin Rashid Al Maktoum Solar Park in Dubai
Branded properties
Meraas announces Jumeirah Residences Emirates Towers Dubai branded real estate project with 754 homes
New Jumeirah Emirates Towers branded real estate project in Dubai will have 754 homes and iconic design
Bulgari
Dubai’s ultra-luxury property market hits new heights with $77m Bulgari Lighthouse penthouse sales
Dubai real estate record-setters sell final penthouse apartments in Bulgari Lighthouse