The new Noatum Logistics facility will leverage strong customer demand and Lisbon’s multimodal connectivity
Latest News
SABIC
Saudi chemical giant SABIC exploring IPO for its gas subsidiary
Bloomberg reports discussions held with Lazard, HSBC Holdings, JPMorgan Chase and Morgan Stanley on listing National Industrial Gases Company
Artificial intelligence
Cisco announces major deal with Saudi Arabia’s HUMAIN to develop AI infrastructure
The multi-year initiative aims to position Saudi Arabia as a centre for digital innovation, building on Cisco’s 25-year presence in the Kingdom
PIF
Saudi wealth fund PIF opens Paris office to boost European investments
French President joins PIF Governor Al-Rumayyan to inaugurate Paris office during ‘Choose France’ summit
Abu Dhabi National Energy Company (TAQA)
TAQA Morocco and partners eye AED52bn in Moroccan energy and desalination projects
TAQA Morocco signs MoUs for major low-carbon energy, desalination, and infrastructure developments supporting Morocco’s energy transition and water security
Islamic New Year
UAE holidays 2025: Will residents get a long weekend ahead of Islamic New Year?
Islamic New Year 1447 could potentially fall on a Friday late June, giving UAE residents a three-day break but exact dates hinge on the moon sighting
Abu Dhabi
Betterhomes, DHB Holding launch Opula residential development in Abu Dhabi’s Yas Bay
The Opula development will feature a range of units including one to four-bedroom simplexes, duplexes, penthouses, and townhouses
Abu Dhabi
UAE real estate: Abu Dhabi secondary property market surges by 53% in Q1 2025
The secondary market now represents 11.4 per cent of the total real estate market in Abu Dhabi
Make it in the Emirates
Abu Dhabi-based NMDC LTS and Jiangsu Huaying Valves look at establishing facility in UAE
MoU for a potential JV announced at Make it in the Emirates; Facility will assemble, fabricate and distribute valves for energy sector
Brookfield Asset Management
Brookfield, Lunate form $1bn Middle East residential property joint venture
The venture will target build-to-sell and buy-to-sell residential assets in the UAE, Saudi Arabia, and other regional markets
Dubai real estate
Select Group completes $1.9bn Peninsula development sales in Business Bay
Peninsula spans 3.3 million sq. ft. of waterfront real estate, combining residential, commercial, business and lifestyle amenities in a waterfront destination
crypto regulation
UAE crypto sector to see increase in mergers and acquisitions as well as strategic partnerships, experts state
Industry players in the UAE are also anticipated to launch global and regional expansion drives, leveraging the country’s regulatory approvals
diamond
Over 1bn carats of diamonds traded through Dubai in past 5 years
Dubai saw almost 179m carats of diamonds traded in 2024
Emirates Development Bank
Emirates Development Bank launches $272m fund to boost UAE SMEs
Emirates Growth Fund will invest up to $13.6m per UAE SME
Dubai World Islands
Dubai World Islands: e& to power high-speed internet, drone services and AI to Heart of Europe hotels
E& and Kleindienst Group team up to provide digital hospitality on Dubai World Islands
banking business
Emirates NBD gets RBI go-ahead to set up wholly owned subsidiary in India
The Dubai bank will be treated on par with local banks after establishing a WOS; It will be allowed to list on Indian stock markets, and acquire other companies