Despite the tariffs targeting imports into the American market, construction material costs in Dubai remain unaffected as the UAE faces no reciprocal duties on its own imports
Latest News
Eid Al Adha
UAE announces Eid Al Adha 2025 holidays for private sector
Official work will resume on Monday, June 09, 2025
Arada
Dubai real estate: Arada launches world’s first precision wellness destination ‘Akala’
Akala Hotel & Residences, will house 534 branded residences located between Dubai International Financial Centre (DIFC) and Downtown Dubai
Al Salam Bank-Bahrain
Al Salam Bank exits its 15.6% shareholding in Seef Properties
The Bahrain bank’s newly formed asset management firm, ASB Capital, acts as sell-side advisor in the sale to GFH
Bahrain
Investcorp exits 12 US residential multiple-occupancy assets
Exit was secured at a premium at a combined value of approximately $550 million; Assets were spread across five states
future
UAE Future 50 brings together forward-thinking startups to inspire entrepreneurs
Sheikh Hamdan witnesses launch of UAE Future 50 entrepreneur group
Donald Trump
Dollar, stocks and oil rally as US court deems Trump’s tariffs illegal
Markets worldwide heave a sigh of relief after the Court of International Trade ruled the US President has overstepped his authority
Donald Trump
Elon Musk announces Trump administration exit, says scheduled time ‘comes to an end’
Musk’s 130-day mandate as a special government employee in the Trump administration was set to expire around May 30
EY
MENA region records $46bn in M&A activity in Q1
UAE leads MENA region in M&A activity as volumes and value see significant gains
AI chatbot
Musk’s xAI to use Dubai-based Telegram to roll out its Grok chatbot
One-year deal, yet to be formalised, will see xAI paying Telegram $300mn and equity, and a share of revenue on subscriptions sold
Abu Dhabi
Disneyland Abu Dhabi triggers real estate shift: Price moves, investor interest and new hotspots identified
The upcoming Disney theme park is expected to boost short-term rentals and attract global hospitality brands to Yas Island
cepa
UAE and EU look to boost $68bn trade relations with CEPA deal
UAE and EU advance talks over Comprehensive Economic Partnership Agreement
Abu Dhabi
Abu Dhabi residents feel safe and happy despite long working hours
Abu Dhabi Quality of Life Survey tracks happiness and well-being of residents
Central Bank of the UAE
Comera receives UAE central bank approval to launch finance company
Once operational, Comera Finance will offer a full suite of financial products and services, spanning retail, SME, and corporate lending
Abu Dhabi National Energy Company
TAQA keen on ‘key’ US market as it explores acquisition opportunities
Group CEO Jasim Husain Thabet says he’d prefer to acquire a fully integrated company with generation, networks and a pipeline of growth
Aramco
Saudi Aramco issues 5-30 year dollar-denominated bonds for $5bn
The oil giant still has a low gearing ratio among global oil companies, which gives them room for increased borrowing, if needed
CBUAE
CBUAE issues $5m fines to foreign banks
UAE Central Bank fines foreign banks over anti-money laundering violations