Dubai Free Zones Council reviews Ignyte platform, SEZ law, and Emiratisation plans to drive D33 growth and global competitiveness
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ADNOC Distribution
ADNOC Distribution non-fuel profits surge 15% as transactions hit 26m in H1 2025
ADNOC Distribution posted 15% growth in non-fuel profits and 26m transactions in H1 2025, with stores expanding and Oasis rebrand
bay villas
Nakheel awards $46m Dubai Islands Bay Villas contract to Al Nasr
Nakheel appoints Al Nasr for $46m Bay Villas infrastructure works at Dubai Islands, part of Dubai 2040 Urban Master Plan
GCC investors
London property: 29% of GCC high-net-worth investors bought real estate in past year, AlRayan Bank reveals
AlRayan Bank finds 29% of GCC high-net-worth investors bought London property last year, with retail, hospitality and student housing topping future targets
Abu Dhabi construction
Abu Dhabi construction: 12,309 buildings completed in H1 2025 as permits hit 4,994
Abu Dhabi construction firms completed 12,309 buildings in H1 2025, with 5,767 in Q2. Nearly 5,000 permits were issued
NEOM vertiport plans underway as Saudi eyes flying cars rollout, Skyports CEO confirms
Planning is already under way in NEOM as Saudi explores wider air taxi infrastructure backed by PIF investment interest
Abu Dhabi
Ras Al Khaimah to see first air taxi vertiport Q1 2027, tied to Wynn resort opening, Skyports CEO says
The first RAK vertiport will cut travel time from Dubai International Airport to Al Marjan Island’s resort to 15 minutes
IHC
UAE’s IHC to invest $1bn in India’s Sammaan Capital, boosting mortgage lending and financial inclusion
UAE’s IHC will invest $1bn in India’s Sammaan Capital, a leading NBFC, to expand mortgage lending and AI-driven credit solutions
Dubai real estate
Dubai court rules property buyers must pay service fees from project completion, even before handover
The Dubai Rental Disputes Centre rules that buyers must pay service fees from project completion, clarifying recurring dispute
Codeshare
Qatar Airways expands US network with 18 new routes through Aer Lingus and LEVEL codeshares
Qatar Airways expands codeshares with Aer Lingus and LEVEL, adding 18 new US routes and boosting global connectivity
Ras Al Khaimah
Wynn Al Marjan advertises for casino manager ahead of 2027 Ras Al Khaimah opening
Listings for 101 roles include chefs, gambling pit operators and nightlife managers
saudi tax
Saudi Arabia extends tax fine cancellation and penalty exemption scheme until December 2025
Saudi Arabia’s ZATCA extended its “Cancellation of Fines and Exemption from Financial Penalties” initiative until December 31
GCC banking
GCC banks post strong H1 2025 results with 13.2% ROE despite margin pressure
GCC banks delivered solid H1 2025 results with 13.2 per cent ROE, stronger asset quality and capital, but face tighter liquidity
Abu Dhabi economy
Abu Dhabi GDP hits $83.4bn in Q2 2025 as non-oil economy surges 6.6%
Abu Dhabi GDP reached $83.4bn in Q2 2025, with non-oil activity up 6.6% to a record $47.4bn, led by manufacturing and finance
Abu Dhabi
China EV slowdown frees up supply, floods Gulf with more car models at sharper prices in UAE, Saudi
Excess Chinese factory capacity unlocks Gulf EV boom as Saudi sales jump 1000%, penetration doubles regionwide
Ras Al Khaimah
Ras Al Khaimah real estate surges 855% in eight years to $3.56bn
The Ras Al Khaimah real estate market soared 855 per cent to $3.56bn in Q1 2025, driven by mortgages and finance-backed ownership