Saudi food producer Almarai plans to invest more than $4 billion through 2031, expanding manufacturing capacity, entering new product categories...
Mubadala led regional sovereign investors with $26.2 billion in investments, followed by the Public Investment Fund (PIF), Abu Dhabi Investment...
The decision comes before OpenAI’s annual developer conference, where the company is expected to face scrutiny over AI safety.Researchers linked to OpenAI previously investigated agents communicating independently before hundreds subsequently attacked software startup Hugging Face.
The decision comes amid wider calls within the AI industry for greater caution in developing frontier models.
Agreements signed with Abdulmohsin Al Rossais & Sons Group.The two boulevard-facing plots are located in Zone 2 of Masar Destination and cover a combined 4,947 square metres.
Al-Inma Second Development Co. Ltd. is the SPV for Al-Inma Makkah Development Fund II, wholly owned by Masar.
Dubai, UAE -- Dubai Electricity and Water Authority (DEWA) has completed a $2.70 billion refinancing of Noor Energy 1, the...DEWA says refinancing was completed ahead of target, generating savings while strengthening Noor Energy 1’s financial structure over its lifecycle.
The 950-megawatt project combines concentrated solar power, parabolic trough and photovoltaic technologies with 15 hours of thermal storage capacity.
Sharjah Islamic Bank (SIB) has issued $500 million of five-year Sukuk, attracting orders worth $1.3 billion, or 2.6 times the...The five-year Sukuk attracted orders worth $1.3 billion, equivalent to 2.6 times the issue size, amid strong investor demand.
SIB priced the issuance at 5.85% final yield, representing a 105-basis-point spread over five-year U.S. Treasuries.
The violations included non-compliance with requirements and obligations under UAE legislation relating to combating money laundering, the financing of terrorism...The prohibition covers trade finance and fund transfers involving all Bank Melli Iran branches operating in the UAE.
The CBUAE said it would continue to strengthen its supervisory framework and take measures to safeguard the soundness and integrity of the UAE financial system.
SoftBank Group has issued dollar- and euro-denominated bonds worth a combined $11.1 billion as it seeks funding to support its...An offering document showed on Thursday that SoftBank issued $1 billion of 3.5-year senior dollar notes, $4.5 billion of 5.5-year notes and $4.5 billion of 7.5-year notes.
SoftBank also issued two €500 million tranches with maturities of four and six years, yielding 7.125% and 8%, respectively.
Emerson, a global automation solutions company, said on Wednesday it plans to build a new solutions service center in Qatar's...The facility will include region's first certified in-country flow calibration lab, along with other automation technologies.
The 3,500-square-meter facility adds to Emerson's existing manufacturing, service and distribution locations in Saudi Arabia and the United Arab Emirates.
The UAE Ministry of Finance set a 5.06% annual profit rate for its second five-year Sovereign Retail T-Sukuk issuance. Subscriptions...Subscriptions run through September 28, with allocation September 29 and issuance, refunds and settlement scheduled for September 30.
The sukuk will trade on Nasdaq Dubai from October 1, extending retail investors' access to secondary-market liquidity.
- The UAE topped the Arab Digital Economy Index 2026, with the assessment highlighting regional gains in infrastructure, digital government and...
The index identified persistent gaps in innovation, research and development, data economies and converting digital investment into productivity.
Saudi Arabia, Bahrain, Qatar and Oman joined the UAE in the highest-performing group, while 11 countries develop digital foundations.
The project, known as Maldives Waterfront and Marina, is planned as an integrated tourism and residential destination combining hotels and...Properties will be offered under Maldivian law on leasehold terms of up to 99 years, restarting after transfer.
Maldives Infrastructure, Housing and Urban Development Minister Abdulla Muththalib described the project as the country’s largest investment programme.
