Awqaf Dubai investment portfolio market value rises to $402 million
Dubai, UAE -- Dubai's Endowment and Minors' Trust Foundation (Awqaf Dubai) said on Monday the market value of its securities...
Business
Saudi Ports Authority signs $266.6 million logistics agreements
Dubai, UAE -- Saudi Ports Authority (Mawani) signed seven agreements worth 1 billion riyals ($266.6 million) to establish logistics centres...
Business
G42 and Santander sign strategic AI partnership
Abu Dhabi, UAE -- Abu Dhabi-based technology group G42 and Spanish banking giant Santander have signed a memorandum of understanding...
- G42 subsidiaries Inception and Presight are expected to contribute agentic AI, cloud infrastructure and intelligent systems expertise.
- The partners said future agreements will require regulatory approvals and adherence to governance, transparency and data protection rules.
Business
AD Ports Group acquires CLI
CLI is Brazilian agri-bulk terminal operator.
- Acquisition gives AD Ports access to Brazil's major grain and sugar export corridors through terminals at Santos and Itaqui.
- CLI handled 17 million tonnes of cargo in 2025, generating AED 654 million revenue and AED 360 million EBITDA.
Business
Dubai RTA digital revenue climbs 20.6 percent in 2025
Dubai, UAE -- Dubai's Roads and Transport Authority (RTA) generated AED5.3 billion ($1.44 billion) in revenue through digital channels in...
- Digital channel adoption reached 96%, while customer happiness averaged 98% across services offered by the authority.
- Smart application users exceeded 1.2 million, with annual visits rising 144% compared with 2024 levels.
Business
$1.59bn Makkah project awarded
A consortium will develop two districts in the Holy City.
- The consortium includes Masar, Makkah Construction and Development, and AlRajhi United Real Estate as project partners.
- Development covers 1.15 million square meters through a private real estate investment fund structure.
Business
Middle East conflict drags global air travel demand lower
Revenue passenger kilometers (RPK), the industry's measure of demand, declined 3.4% year-on-year, while available seat kilometers (ASK), a measure of...
- Excluding the Middle East, passenger demand would have risen 1.2%, the International Air Transport Association (IATA) has said.
- April jet fuel costs more than doubled, prompting airlines to rebalance capacity amid changing travel patterns worldwide.
Business
SpaceX IPO valuation raises concerns over investor demand
SpaceX’s planned initial public offering at a valuation of at least $1.8 trillion is emerging as a major test of...
- SpaceX reportedly seeks raising $75 billion after generating nearly $19 billion revenue last year from Starlink expansion globally.
- deVere Group warns institutional investors may redirect capital from Magnificent Seven stocks toward emerging AI and space companies.
Business
Visa expands AI-driven payments program across CEMEA region
Visa launched its global Agentic Ready program in the United Arab Emirates on Wednesday, expanding efforts to support artificial intelligence-driven...
- UAE financial institutions including Emirates NBD, Mashreq and ADCB joined the first phase of the AI commerce program.
- Visa research found nearly 60% of UAE businesses are exploring agentic commerce applications and AI-driven transaction models.
Business
UAE property market enters more sustainable growth phase
The UAE real estate market entered a more measured and mature phase in the first quarter of 2026 after the...
- Abu Dhabi recorded about 7,800 residential deals in Q1, up 119% year-on-year amid sustained investor demand.
- Dubai apartment deliveries exceeded 10,000 units monthly as developers maintained large residential construction pipelines.
Business
Emirates breaks ground on Dubai South engineering hub
The $5.1 billion engineering complex targets advanced aircraft maintenance capabilities, sustainability benchmarks, and expanded aviation infrastructure. The facility is being...
- Emirates said the Dubai South complex will include simultaneous servicing capacity for 28 wide-body aircraft and two specialized paint hangars.
- The facility targets LEED Platinum sustainability standards with rooftop solar installations, expanded logistics infrastructure and engineering training facilities nationwide.
Business
ADNOC-led partnership targets $30 billion infrastructure investments
The partnership will raise a combination of equity and debt capital to target an investment portfolio that aims to generate...
- Partnership will target diversified infrastructure assets across energy, transportation, logistics, digital networks, water systems and waste management sectors.
- Investors said accelerating urbanisation and digitisation trends are strengthening long-term infrastructure demand across GCC and Central Asian markets.
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Awqaf Dubai investment portfolio market value rises to $402 million
Dubai, UAE -- Dubai's Endowment and Minors' Trust Foundation (Awqaf Dubai) said on Monday the market value of its securities...
Business
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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
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.
Business
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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.