Nasdaq Dubai lists $1.55 billion in Congo sovereign bonds
Nasdaq Dubai has listed $1.55 billion in sovereign bonds issued by the Republic of the Congo, making it the first...
Business
MENA could unlock $1 trillion value by 2030
“The opportunity for MENA is significant, and the value will come from execution,” said Wissam Yassine, partner and Middle East...
Research
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.
Business
93% GCC frontline employees use AI weekly, BCG report finds
The report, titled “Strategy Matters More than Tools,” draws on data from the UAE, Saudi Arabia, Kuwait and Qatar and...
- 58 percent of frontline employees and 67 percent of managers save at least eight hours weekly using AI tools.
- Most GCC workers say AI has fundamentally changed the skills expected of them in their roles, the report found.
Analysis
Shein’s debut puts its valuation, and its growth story, to test
Shein’s weak debut is a telltale sign that limited share availability cannot disguise investor concerns over valuation and growth, says...
- Revenue growth has slowed sharply, while first-quarter sales barely moved, raising questions about whether Shein can sustain its expansion.
- European daily active users have fallen around 45 percent following changes to small-parcel duty exemptions, highlighting pressure on low-cost demand.
Business
Accenture, AWS sign six-year Middle East cloud, AI, data deal
Accenture has signed a six-year strategic collaboration agreement with Amazon Web Services (AWS) to help organizations across the Middle East...
- Accenture will deploy regional architects and delivery leads across migration, modernization, data, AI and enterprise platform initiatives.
- Industry programs will target energy, financial services and public sector organizations seeking faster digital transformation and AI adoption.
Business
Abu Dhabi sees rise in licences for Emirati businesswomen
The Abu Dhabi Registration Authority issued 3,058 new economic licences to Emirati female entrepreneurs and businesswomen between January and June,...
- Abu Dhabi issued 3,058 new licences to Emirati women entrepreneurs during the first half, up from 2,873 last year.
- Mobdea licences, designed to support women turning creative pursuits into businesses, increased 10.1 percent during the first six months.
Business
Syria processes first international card payment in 15 years
Dubai, UAE -- Syria has processed its first international card payment in more than 15 years, Mastercard and QNB Group...
- QNB Syria processed the transaction at an approved local merchant using a Mastercard card issued outside Syria.
- The reconnection could enable wider international card acceptance, expanding digital payment options for consumers and businesses.
Business
Dubai airport expects stronger H2 as airline capacity and demand recover
Dubai Airports CEO Paul Griffiths said the return of airline capacity was being matched by recovering demand, particularly important for...
- Dubai Airports is upgrading biometrics, self-service facilities and passenger flows to accommodate expected demand during the busier second half.
- The winter flight schedule and Dubai’s global events calendar are expected to support stronger connectivity and international transfer traffic.
Business
EDGE, Brazilian Army to establish cyber defense center in Brazil
Dubai, UAE -- EDGE Group and the Brazilian Army will establish a Cyber Defence Centre of Excellence in Brazil, the...
- The centre will provide training, digital forensics, incident response and strategic advice to Brazil’s armed forces and federal institutions.
- EDGE and Brazil’s Army will jointly invest in the institution, designed to build sovereign cyber capabilities and regional expertise.
Nasdaq Dubai lists $1.55 billion in Congo sovereign bonds
Nasdaq Dubai has listed $1.55 billion in sovereign bonds issued by the Republic of the Congo, making it the first...
Business
Company News
Latest News
Can the Middle East become a bigger driver of Accenture’s growth?
“The question for investors is," says Nagham Hassan, Market Analyst at etoro MENA, "whether AI will expand Accenture’s business or...
Analysis
AI market could need $6 trillion annual revenue by 2031, report says
Much of the value is expected to come from new innovation beyond employee productivity, Bain & Company said in its...
Business
Aldar, Arada sign $4bn Abu Dhabi development partnership
Dubai, UAE -- Aldar and Arada have agreed a strategic partnership covering development opportunities on Yas Island and at Seih...
Business
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Business
Masar signs $82m land deal
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.
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...
- 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.
Business
Sharjah Islamic Bank raises $500 million through five-year Sukuk
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.