Dubai Municipality launches Building Intelligence Platform with data to support investors, planners and property stakeholders
Latest News
automotive industry
Saudi Arabia launches 2 million square meter automotive hub in King Abdullah Economic City
Masarat Mobility Park’s development aligns with Saudi Vision 2030 goals, positioning Saudi Arabia as a regional leader in the automotive and mobility sector
International Astronomical Centre
Probable Ramadan 2025 start date announced
International Astronomical Centre reveals expected start of Ramadan 2025
Abu Dhabi
AquaChemie opens $25mn advanced chemical facility in KEZAD
AquaChemie’s new facility will cater to the rising demand for oil and gas upstream chemicals, especially for ADNOC and other major regional players
Abu Dhabi
ADX-listed Phoenix Group reports record $167mn profit in 2024, mining revenue up 236%
The company’s mining revenue surged to $107 million in 2024, up from $32 million in 2023 and $5.4 million in 2022
Advanced Air Mobility in Abu Dhabi
UAE announces new air corridor project for flying taxis, drones
The announcement was made during World Governments Summit 2025 in Dubai
delivery services
Talabat over-delivers on guidance as net income grows 64% to $346mn
Revenue and Adjusted EBITDA growth exceeded guidance; Gross merchandising value up 23% to $7.4 billion; Net income up 64% to $346 million
Dubai
Dubai signs massive deal with Elon Musk to build new underground transport system ‘Dubai Loop’
The ‘Dubai Loop’ project aims to create a network of tunnels across Dubai’s populated areas to reduce traffic congestion
Abu Dhabi National Energy Company
TAQA Group reports $15bn revenue and $1.93bn net income for 2024
EBITDA, excluding $2.94bn to acquire 5% stake in ADNOC Gas, was $5.83bn; CapEx up 63.8% as work progresses in Mirfa and Shuweihat projects
AD Ports Group
AD Ports Group secures landmark deal to operate AI-driven Al Madouneh Customs Centre in Jordan
The facility, equipped with automated inspection ramps, smart warehouses, and predictive analytics, will enable businesses to process cargo faster, ensure robust security, and provide a seamless digital trade experience
ADNOC
ADNOC Distribution EBITDA crosses the billion-dollar mark for the first time
Increasing fuel volumes, non-fuel retail growth, and healthy contributions from international operations drive the growth
Automobiles
‘We are the main act’: Bentley CEO on upcoming electric launch, Dubai car taste, China risk
Frank-Steffen Walliser suggested a lack of customer demand was the reason why Bentley has yet to launch an electric car
indian expats
Massive spike in remittances by Gulf-based NRIs as rupee nosedives to record levels
The rupee’s sharp decline is likely to drive a further increase in non-resident Indian (NRI) remittances, particularly from the Gulf region
ADNOC
ADNOC Gas and Indian Oil Corp sign $9bn 14-year LNG supply deal
ADNOC Gas announces deal to supply Indian Oil Corporation with liquified natural gas for 14 years
Abu Dhabi
Alpha Dhabi FY2024 revenue soars 40% to a record $17.26bn
Group’s net profit at $3.68 billion; Net operating profit at $2.72 billion; Industrial ($7.16 billion) and Real Estate ($4.93 billion) key contributors
Amazon
Ramadan 2025: Amazon sale offers discounts to online shoppers
Amazon.ae Ramadan sale launching with major discounts across 30 product categories
Ministry of Investment - Saudi Arabia
Saudi Arabia now has 600 global companies with regional HQ in Kingdom; investments reach $320bn
Since the launch of Saudi Vision 2030 the total foreign investment stock has doubled to $240bn
