Saudi Arabia Railways on track for growth in 2024
Latest News
National Center of Meteorology (NCM)
UAE issues amber weather warning ahead of rain this week
UAE weather forecasters expect rain in parts of the country this week
Aramco
Aramco plans $124bn dividends in 2024
Aramco has declared plans to declare industry-leading total dividends in 2024
Asteco
Dubai real estate: 25,000 new homes expected by end of year amid ongoing off-plan surge
Asteco has released its Q2 Dubai real estate report identifying trends in the sector
GCC travellers
In pictures: 10 reasons why South Korea is the leading family destination for GCC travellers
The country’s allure has proven effective amongst a wide spectrum of travellers, especially from Saudi Arabia; the fastest-growing outbound market in the GCC for Korean tourism.
Companies in DIFC
India’s Nuvama Private launches wealth management base in Dubai
Nuvama Private targets wealthy Indian investors with Dubai International Financial Centre office
Bahrain
Bahrain real estate: Residential, office, retail, hospitality sectors analysed – where is best to invest?
Bahrain has seen boost to villa sales rates and hospitality markets in first half of the year, but which investments are doing best?
Dubai
Dubai South Properties announces 90% completion of The Pulse Beachfront project
The company plans to develop more apartment units in response to increased demand in Dubai South
Google
Google has an illegal monopoly on search, rules US judge
The ruling is seen as the first big win for federal authorities taking on Big Tech’s market dominance
ESG
Middle East workers want pay rises over environment policies at work: PwC
A global study of employees’ feelings about ESG policies shows disconnect between workers and companies in Middle East says PwC
AD Ports Group
AD Ports Group sponsors Arctic Challenge expedition to combat climate change
Through this partnership, the Group will provide critical support for the mission, enabling the expedition team to leverage advanced technologies and innovative methodologies in their research
Blockchain
DeFi yield infrastructure venture Zoth with UAE operations raises $4mn funding
The company’s latest funding round attracted prominent investors, including Taisu Ventures, G20, Fat Cat Ventures, GemHead Capital and Foundership Ventures
Airlines
India’s tax authority issues $120mn show cause notices to 10 foreign airlines, including Emirates and British Airways: Report
The notices, sent over the past three days, deal with unpaid tax dues on the import of services by Indian branches from head offices
Abu Dhabi Securities Exchange
Global sell-off hits UAE stocks as US recession fears mount: Experts react
Despite Monday’s global market turbulence, experts emphasise the UAE’s economic resilience and growth potential even as international markets face uncertainty
geopolitical conflicts
Lebanon housing costs surge amid property crunch as conflict fears spark exodus, echoing 2006 war
Lebanese fleeing conflict zones spark safe housing shortage and rental price surge, compounding pressures on peak tourism season
Financial Market
MENA region poised for $50bn market boom despite US recession fears, market volatility
Over 60 Rhinos and classified ventures are expected to hit the market within the next 3 to 5 years, experts reveal
Dubai
Revealed: The future of luxury homes in Dubai
The luxury home market in prime Dubai locations is anticipated to remain strong