Dubai diamond trade hits record $41.7 billion in 2025, DMCC says
Dubai, UAE -- Dubai's diamond trade rose to a record $41.7 billion in 2025, surpassing its previous high set in...
Business
Business
DFDF backs MetaProp to boost PropTech investment
Dubai, UAE -- Dubai Future District Fund (DFDF) has committed capital to MetaProp Fund IV LP, making the New York-based...
- Partnership will introduce a Dubai accelerator module linking global PropTech startups with regional investors, developers and real estate stakeholders.
- MetaProp portfolio companies will gain access to DFDF's regional network as Dubai pursues its D33 innovation and diversification strategy.
Business
Lamki: ADNOC’s South Africa acquisition accelerates international growth strategy
Chief Executive Officer ADNOC Distribution Bader Saeed Al Lamki said South Africa was attractive because of its scale and regulatory...
- ADNOC Distribution plans to sell a 28% stake in the business to a local empowerment partner and an employee stock ownership plan in line with South African ownership requirements.
- The acquisition includes Shell Downstream South Africa's network of about 580 company- and dealer-owned fuel stations, together with its wholesale fuel and aviation businesses.
Business
UAE places sixth among world’s most popular Muslim-friendly destinations
Dubai, UAE -- Mastercard and CrescentRating released the 11th edition of the Global Muslim Travel Index (GMTI), revealing how AI,...
- The report projects international Muslim arrivals to increase to 208 million this year, compared to 196 million in 2025, and reach 262 million by 2030.
- GMTI 2026 indicates that 80% of travellers surveyed worldwide now use AI tools for travel purposes, signalling a major shift in how they discover, evaluate and plan their journeys.
Business
Arada launches platform targeting $5bn in assets under management
Dubai, UAE -- UAE developer Arada has launched Arada Capital, a funds management platform targeting $5 billion in assets under...
- The company said the new platform would initially focus on real estate investments before broadening into infrastructure and other private market assets.
- Founded in 2017, Arada has launched 11 projects in the UAE and has since expanded into the United Kingdom and Australia.
Business
Gold holds near two-week high on tempered Fed rate hike expectations
Dubai, UAE -- Gold was steady near a two-week high on Monday after a softer-than-expected US jobs report last week...
- Spot gold was steady at $4,174.66 per ounce, as of 02:52 GMT, after hitting its highest since 22nd June 22 earlier in the day.
- US gold futures for August delivery climbed 1.5 percent to $4,186.70 per ounce.
Business
EMEA megadeals surge as AI reshapes global dealmaking strategy: Report
The report warns that companies now face a new challenge: pursuing large acquisitions while simultaneously funding and executing AI transformations.
- Global M&A value rose 41% year-on-year to $2.4 trillion in the first five months of 2026. Source: Bain & Company. See line 4.
- Bain says companies are pursuing scale, resilience and AI-related capabilities through acquisitions.
Business
Dubai SME programme awards record $485 million in contracts in 2025
Dubai, UAE -- Dubai's Emirati Supplier Programme facilitated a record AED1.78 billion ($485 million) in contracts for Emirati-owned small and medium-sized...
- Emirati Supplier Programme awards a record AED1.78bn in contracts to local SMEs, up 38% from 2024.
- Government procurement exceeds AED1bn for the first time, accounting for 58% of all contracts.
Business
Qatar’s foreign investment jumps 52% as 2025 projects reach record levels
Qatar attracted $3.4 billion in foreign direct investment across 373 projects in 2025, a 52% increase in new investments from...
- Qatar attracted $3.4 billion across 373 FDI projects, generating more than 15,000 jobs during 2025, Invest Qatar reported.
- Greenfield investments exceeded half of capital inflows as medium- and high-technology projects accounted for nearly half of total investments.
Analysis
Reading Dubai’s place on the UBS Bubble Index
The index scores the distance between current prices and their historic relationships with local rents, incomes and mortgage debt. A...
- Fifth place measures how far and how fast Dubai has repriced, not how fragile it is.
- The realistic downside is an orderly cooling, concentrated primarily in the over-supplied districts named above, not a credit-driven fall across the city
Business
Emirates becomes first airline cargo carrier to deploy Boeing 777-300ERSF
Dubai, UAE -- Emirates is marking a significant milestone in the expansion of its cargo fleet by becoming the first...
- The aircraft (A6-EBK) will enter commercial service with a flight from Hong Kong to Dubai carrying over 100 tones of cargo.
- The converted Boeing 777-300ERSF is the sixth new freighter, following five Boeing 777-F production freighters, to join Emirates SkyCargo’s fleet since March 2026.
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
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SIB H1 profit up 15.3%
Business
Latest News
Musk kicks Kanye West off Twitter for ‘incitement to violence’
West has made a series of anti-Semitic comments recently, as the one-time titan of fashion and music appears to have...
Oman sees hospitality industry revenue fall 3.5%
The National Centre for Statistics and Information says domestic guest have supported the Oman's hotels.
Proof of Covid-19 vaccination, PCR test needed to enter Expo Dubai
Expo 2020 visitors will need a coronavirus vaccination or a negative PCR test to enter, organisers in Dubai has said....
Cyberattack hits hundreds of US businesses
A US IT company urges customers to shut down their servers after the attack UN Security Council members recently warned...
Saudi Arabia to generate $150 billion in investments from its new transport policy
The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private...
flydubai Aleppo flights resumed
Business
UAE places sixth among world’s most popular Muslim-friendly destinations
Dubai, UAE -- Mastercard and CrescentRating released the 11th edition of the Global Muslim Travel Index (GMTI), revealing how AI,...
Business
Arada launches platform targeting $5bn in assets under management
Dubai, UAE -- UAE developer Arada has launched Arada Capital, a funds management platform targeting $5 billion in assets under...
Business
Gold holds near two-week high on tempered Fed rate hike expectations
Dubai, UAE -- Gold was steady near a two-week high on Monday after a softer-than-expected US jobs report last week...
Business
Most Read
Business
Dubai SME programme awards record $485 million in contracts in 2025
Dubai, UAE -- Dubai's Emirati Supplier Programme facilitated a record AED1.78 billion ($485 million) in contracts for Emirati-owned small and medium-sized...
- Emirati Supplier Programme awards a record AED1.78bn in contracts to local SMEs, up 38% from 2024.
- Government procurement exceeds AED1bn for the first time, accounting for 58% of all contracts.
Business
Qatar’s foreign investment jumps 52% as 2025 projects reach record levels
Qatar attracted $3.4 billion in foreign direct investment across 373 projects in 2025, a 52% increase in new investments from...
- Qatar attracted $3.4 billion across 373 FDI projects, generating more than 15,000 jobs during 2025, Invest Qatar reported.
- Greenfield investments exceeded half of capital inflows as medium- and high-technology projects accounted for nearly half of total investments.
Analysis
Reading Dubai’s place on the UBS Bubble Index
The index scores the distance between current prices and their historic relationships with local rents, incomes and mortgage debt. A...
- Fifth place measures how far and how fast Dubai has repriced, not how fragile it is.
- The realistic downside is an orderly cooling, concentrated primarily in the over-supplied districts named above, not a credit-driven fall across the city