DEWA completes $2.70 billion refinancing for Noor Energy 1
Dubai, UAE -- Dubai Electricity and Water Authority (DEWA) has completed a $2.70 billion refinancing of Noor Energy 1, the...
UAE sets 5.06 percent profit rate for retail T-Sukuk
The UAE Ministry of Finance set a 5.06% annual profit rate for its second five-year Sovereign Retail T-Sukuk issuance. Subscriptions...
Business
Business
Maldives and Eagle Hills sign terms for $12 billion waterfront destination
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.
Business
PIF launches digital platform Tawrid for providing supply-chain financing
The Public Investment Fund (PIF) has announced the launch of Tawrid Company for Financing Solutions, an innovative digital platform providing...
- Tawrid has obtained the Saudi Central Bank’s (SAMA) permit to operate under the regulatory “Sandbox” environment, Argaam reported.
- Tawrid has started operations and has already signed binding agreements with local banks and companies.
Business
Qatar launches platform to manage wealth fund domestic portfolio
Qatar’s new investment platform will manage the wealth fund’s domestic portfolio as Doha targets $60 billion in infrastructure and private...
- Qatar expects $38.5 billion in infrastructure projects and $22.5 billion in private real estate and hospitality investment over five years.
- The strategy comes amid disrupted LNG exports, risky Hormuz shipping and Doha’s efforts to strengthen economic resilience through diversification.
Business
Dubai’s ATM 2026 closes with record Asia-GCC travel data, tourism rebound
The 33rd edition, held under the theme "Travel 2040: Driving New Frontiers Through Innovation and Technology," saw the launch of...
- It also saw the launch of the UAE Grand Tour digital platform mapping a single route through the seven emirates.
- Emirates signed 11 memoranda of understanding during the show, while Rotana unveiled a pipeline of 40 hotels and more than 8,300 keys.
Business
Space42, Viasat sign binding agreement to co-found ‘Equatys’
Space42 and Viasat will each initially contribute $400 million, while Space42 is expected to provide an additional $200 million in...
- Equatys plans an architecture capable of scaling to 2,800 satellites across 60 orbital planes and three altitude layers as demand grows.
- The venture will let mobile operators share satellite infrastructure while retaining spectrum rights, customers and commercial relationships.
Business
UAE non-oil trade with BRICS countries reaches $312 billion, says minister of foreign trade
Dr. Thani bin Ahmed Al Zeyoudi said trade with BRICS countries grew 28.5 percent in 2025 from the previous year,...
- Al Zeyoudi said UAE seeks stronger trade facilitation, free trade agreements and comprehensive economic partnerships to diversify its economy.
- The minister said the UAE had strengthened such partnerships even before joining BRICS as part of its strategy to diversify the economy and open new markets for the private sector.
Analysis
The long memory of Dubai’s debt markets
Binghatti’s review comes as net profit rose 64% year-on-year, while Moody’s had only five months earlier cited strong liquidity, disciplined...
- Emaar operated normally through its 2009 review, later delivering stronger leverage, higher interest coverage and a AED127 billion backlog.
- Nakheel’s 2009 crisis required AED8 billion in government liquidity support, while creditors accepted repayment terms in a 2010 restructuring.
Business
Sharjah real estate transactions reach $1.25 billion in August
Sharjah recorded 4.6 billion dirhams ($1.25 billion) in real estate transactions in August, with activity spanning 120 areas across the...
- Sharjah recorded 9,139 real estate transactions in August, with sales spanning residential, commercial, industrial and agricultural properties.
- Al Menhaz led by trading value at $166.4 million, while Industrial Area 4 recorded the month's largest deal at $15 million.
Business
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...
- Etihad will operate twice-weekly Airbus A320 flights between Abu Dhabi and Red Sea International Airport from October.
- The new service expands access to Saudi Arabia's Red Sea tourism destination, where 11 resorts are already operating.
Opinion
Hidden liabilities behind major property deals
UAE property investors must look beyond certificates to uncover hidden fire-safety risks that could affect costs, valuations and returns, writes...
- Existing certificates may not reflect current building conditions, leaving buyers exposed to costly remediation, delays, and unplanned capital expenditure.
- Physical fire-safety inspections can identify defects, support negotiations, inform valuations, and strengthen protections before investors complete major property acquisitions.
Most Read
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
DEWA completes $2.70 billion refinancing for Noor Energy 1
Dubai, UAE -- Dubai Electricity and Water Authority (DEWA) has completed a $2.70 billion refinancing of Noor Energy 1, the...
Company News
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...
Qatar launches platform to manage wealth fund domestic portfolio
Qatar’s new investment platform will manage the wealth fund’s domestic portfolio as Doha targets $60 billion in infrastructure and private...
Business
Dubai’s ATM 2026 closes with record Asia-GCC travel data, tourism rebound
The 33rd edition, held under the theme "Travel 2040: Driving New Frontiers Through Innovation and Technology," saw the launch of...
Business
Space42, Viasat sign binding agreement to co-found ‘Equatys’
Space42 and Viasat will each initially contribute $400 million, while Space42 is expected to provide an additional $200 million in...
Business
Most Read
Analysis
The long memory of Dubai’s debt markets
Binghatti’s review comes as net profit rose 64% year-on-year, while Moody’s had only five months earlier cited strong liquidity, disciplined...
- Emaar operated normally through its 2009 review, later delivering stronger leverage, higher interest coverage and a AED127 billion backlog.
- Nakheel’s 2009 crisis required AED8 billion in government liquidity support, while creditors accepted repayment terms in a 2010 restructuring.
Business
Sharjah real estate transactions reach $1.25 billion in August
Sharjah recorded 4.6 billion dirhams ($1.25 billion) in real estate transactions in August, with activity spanning 120 areas across the...
- Sharjah recorded 9,139 real estate transactions in August, with sales spanning residential, commercial, industrial and agricultural properties.
- Al Menhaz led by trading value at $166.4 million, while Industrial Area 4 recorded the month's largest deal at $15 million.
Business
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...
- Etihad will operate twice-weekly Airbus A320 flights between Abu Dhabi and Red Sea International Airport from October.
- The new service expands access to Saudi Arabia's Red Sea tourism destination, where 11 resorts are already operating.