Etihad to launch year-round Red Sea-Abu Dhabi service
Etihad Airways will launch a year-round service between Abu Dhabi and Saudi Arabia's Red Sea International Airport in October, expanding...
Business
US strikes Iran again as Trump says he is considering restarting major operations
Trump also said the United States would begin using frozen Iranian funds under US control to pay for damage to...
Geostrategy
Business
Multiply Group buys stake in ISEM
Multiply Group will hold 60.8% of ISEM.
- Peninsula Capital and minority investors will own the remaining 39.2 percent.
- The deal represents an expansion into packaging by Multiply Group, establishing the Group’s fifth consumer-focused vertical.
Business
Ajman records $808 million in real estate transactions in September
Ajman, UAE -- Real estate transactions in Ajman reached AED 2.97 billion in September, achieving a remarkable growth of 53...
- The number of real estate transactions during September reached 1,739, while the number of real estate tradings reached 1,393, with a total value exceeding AED1.87 billion.
- A total of 241 mortgage transactions were registered, with a total value exceeding AED474 million.
Business
Tech leaders unite to propel future-critical sectors at GITEX GLOBAL 2025
Dubai, UAE: With capabilities of AI advancing every year, its potential to address challenges once thought unsolvable is rapidly expanding,...
- The event brings together the world’s most advanced AI and tech enterprises and leaders from 180 countries, from 13-17 Oct at Dubai World Trade Centre.
- Expand North Star celebrates its 10th edition from 12-15 October at Dubai Harbour.
Geostrategy
US unveils 21-point peace proposal: Israel to withdraw from Gaza, Hamas to disarm
While the plan offers several concessions to Palestinians, it also carries provisions favorable to Israel — including Hamas’ demilitarisation and...
- The proposal marks a significant shift in Washington’s approach as earlier this year, President Donald Trump had floated the idea of relocating Gaza’s population permanently
- The new framework, however, calls for Gazans to remain in the Strip and outlines a conditional pathway toward eventual statehood
Business
Dubai Integrated Economic Zones posts record $91 billion trade in 2024
Dubai, UAE – The Dubai Integrated Economic Zones Authority (DIEZ) recorded its highest-ever trade performance in 2024, with total trade...
- The Authority’s zones handled 444,300 tons of goods last year, with electronics and precious metals driving 94 percent of overall trade.
- Dubai’s overall non-oil trade also reached record levels in 2024, with DIEZ contributing its largest-ever share.
Economy
Red Sea Global opens Shura island with three world-class resorts accessible to all
Tabuk, Saudi Arabia - Red Sea Global announced the opening of the first resorts and attractions on Shura Island, which...
- Shura Island takes its natural dolphin-shaped form as the vibrant heart of the Red Sea destination
- Inspired by the surrounding coral reefs, the island's architecture and design merge seamlessly with nature
Business
Sharjah records 361 percent growth in capital investment in H1
Sharjah, UAE -- The Sharjah FDI Office (Invest in Sharjah) has announced an exceptional increase in foreign direct investment during...
- In this time period the emirate recorded 74 FDI projects, a 57 percent surge from the 47 projects in the same period last year.
- February 2025 saw the highest volume of FDI activity in terms of both project count and capital investment.
Business
ADCB to raise $1.66bn
The rights issue aimed at boosting growth.
- The rights issue will increase ADCB's issued capital from AED 7.32 billion to AED 7.91 billion by issuing up to 592.2 million new shares.
- The new shares will be priced at AED 10.3 each, a 30% discount to ADCB’s closing share price on September 4, 2025.
Geostrategy
Israel army begins targeting Gaza City high-rises
Gaza civil defense agency spokesman Mahmud Bassal accused Israel of carrying out "a policy of forced displacement against civilians" in...
- The agency said Israeli strikes in and around Gaza City killed at least 19 people, among at least 32 Palestinians killed across the territory on Friday.
- Hamas said Israeli claims the militant group was operating in the high-rises were "nothing but flimsy pretexts and blatant lies."
Business
Borouge to pay $660m H1 dividend
Its net profit for H1 was $474 million.
- The company also reaffirmed its intention to pay a total dividend of 16.2 fils per share for 2025.
- Since its June 2022 IPO, Borouge shareholders have approved $4.24 billion in dividends.
Etihad to launch year-round Red Sea-Abu Dhabi service
Etihad Airways will launch a year-round service between Abu Dhabi and Saudi Arabia's Red Sea International Airport in October, expanding...
Business
Company News
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Trump says Xi wants Hormuz Strait reopened amid Iran conflict
US President Donald Trump said Chinese President Xi Jinping wants the Strait of Hormuz reopened, following talks between the two...
Geostrategy
US slaps fresh sanctions on China-linked firms over Iran missile program
The United States on Friday announced a fresh round of sanctions targeting people and companies in China, Hong Kong, Belarus,...
Geostrategy
Iran floats 30-day roadmap to end conflict; Trump signals scepticism
Iran has put forward a fresh 14-point proposal to the United States, calling for a resolution of tensions within 30...
Geostrategy
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Geostrategy
UK withdraws Tehran embassy staff as Trump weighs Iran strikes; JD Vance says “no chance” of long war
Reports suggest some of Trump’s advisers would prefer Israel to initiate any strike, calculating that American public opinion would be...
- The UK government confirmed it had taken “the precautionary measure to temporarily withdraw UK staff from Iran,” adding that its embassy would continue to operate remotely
- At the same time, the US has asked non-emergency staff and family members at its embassy in Jerusalem to leave Israel, reflecting broader fears of regional escalation
Geostrategy
Iran, US hold indirect nuclear talks in Geneva amid rising military tensions
Iran’s Foreign Ministry spokesperson Esmail Baghaei described the negotiations as “very intensive” and said there were “constructive proposals” concerning both...
- The talks are being mediated by Badr al-Busaidi, the foreign minister of Oman, which has long acted as a channel between Tehran and Washington
- At the same time, the U.S. has deployed additional warships and aircraft to the region, raising fears of possible military escalation if diplomacy fails
Geostrategy
India to US: 8 nations issue Middle East travel advisories amid Iran tensions
Several governments have urged their citizens to leave Iran immediately, while others are pulling non-essential embassy personnel from sensitive locations,...
- Several governments have urged their citizens to leave Iran immediately, while others are pulling non-essential embassy personnel from sensitive locations, citing security concerns
- The advisories reflect growing concern over regional instability, with governments seeking to safeguard their nationals as geopolitical tensions intensify