The Abu Dhabi company will hold a 60.8 per cent stake in ISEM Group; Acquisition complements Multiply’s existing beauty and apparel verticals
Industries
acquisition
Abu Dhabi’s PureHealth completes acquisition of 60% of Hellenic Healthcare
Third major acquisition by PureHealth; Hellenic is the largest private healthcare company in Greece and Cyprus valued at $2.56 billion
Dubai
UAE education giant Taaleem acquires school plot in Ghaf Woods development
Taaleem will design, develop and operate the school within the forest living community, subject to final approval from the Knowledge and Human Development Authority (KHDA)
MBRSC
UAE releases historic first satellite images from MBZ-SAT and Etihad-SAT
The UAE unveils historic satellite images from MBZ-SAT and Etihad-SAT, marking a milestone in space technology and Earth observation
Riyadh Air
Riyadh Air unveils Uber and Kayanee deals ahead of 2025 launch
Riyadh Air partners with Uber and Saudi wellness brand Kayanee to deliver wellbeing-focused travel experience ahead of 2025 inaugural flights
World Bank
World Bank lifts 2025 Middle East growth forecast to 2.8% on Gulf recovery
World Bank lifts 2025 growth forecast for the Middle East and North Africa to 2.8%, citing stronger Gulf economies but weaker outlook for 2026
Dubai Airports
Dubai Airport traffic to hit 124 million passengers by 2032, says CEO Paul Griffiths
Dubai Airport is on track for record traffic, handling 124m passengers by 2032 as the emirate prepares to shift to Al Maktoum International
Space industry
UAE space sector takes off with $12bn investment and private sector push
UAE invests $12bn in its space sector as Minister Ahmad Al Falasi highlights private participation and global partnerships at Dubai Airshow 2025
astra tech
Astra Tech rebrands PayBy as ‘botim money’ to expand fintech services
The company said the rebrand reflects the platform’s evolution into a broader fintech ecosystem
Ajman real estate market
Ajman real estate sales surge 53 per cent to $809m in September
Ajman property market recorded $809m in deals during September, rising 53 per cent year-on-year, led by sales in Al Rumaila 3
Al Marjan Island
Wynn Al Marjan Island unveils new events, celebrations centre amid RAK’s rising status as MICE destination
The 7,708-square-meter venue features a 2,633-square-meter column-free Grand Ballroom, dedicated bride and groom salons, private prayer rooms for men and women, six meeting rooms, and a 1,390-square-meter event lawn
EDB
UAE startups: Emirates Development Bank unveils $136m boost for entrepreneurs
Emirates Development Bank launches a $136m funding drive to empower UAE startups and entrepreneurs under the “Startup Capital” campaign
Bitcoin
Gold rush and Bitcoin boom – what’s pushing these assets to record levels?
Central banks and ETFs support pushes gold to almost $4,000 an ounce on Tuesday, while Bitcoin stayed above $125,000 as demand surges
Aljada
Arada awards $35mn contract for Raffles World Academy at Aljada in Sharjah
Raffles World Academy, Aljada will open at the beginning of the 2026–2027 academic year to serve the community, which currently has 20,000 residents
Dubai Harbour
Global tech giants to gather in Dubai next week for GITEX GLOBAL 2025
World’s largest AI and technology event to spotlight breakthroughs in biotech, data centres, quantum computing, and robotics
AMD
AMD shares zoom 23.7% as OpenAI looks to take 10% stake in the company
OpenAI will deploy up to 6GWs of AMD Instinct GPUs over multiple years, beginning with a 1-gigawatt rollout in 2026
cabin crew
Service with altitude: Emirates unveils $8m Dubai training centre
Emirates launches its $8m Centre of Hospitality Excellence in Dubai to train 25,000 cabin crew in Michelin-level service