Dubai, UAE -- A total of 47 international companies have shown interest in developing the seventh phase of the Mohammed bin Rashid Al Maktoum Solar Park, which is based on the independent power producer (IPP) model, said Saeed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA). Al...

Abu Dhabi, United Arab Emirates -- A rare blue diamond valued at $20 million went on pre-auction display on Tuesday in Abu Dhabi. The 10-carat Mediterranean Blue, which will go on sale in Geneva next month, is the showpiece of a collection estimated at $100 million, organizers said. "Included in...

A steady stream of development projects and year-round tourism in the country propel demand for tech-enabled facilities management, says Adnan Jabri, General Manager of Ontegra Facilities Management.

The company okayed $650 million final dividend for 2024.

Trump's sweeping tariffs are reshaping trade dynamics across MENA, impacting oil-exporting Gulf nations like Saudi Arabia, UAE and Qatar, according to Atlantic Council experts.

Abu Dhabi, UAE --  Hotel revenues in the UAE reached approximately AED 45 billion ( $12.24 billion) in 2024, reflecting a 3 percent year-over-year growth, said Abdulla bin Touq Al Marri, Minister of Economy and Chairman of the Emirates Tourism Council. Hotel occupancy rates also climbed to 78 percent last...

Abu Dhabi, UAE --  Abu Dhabi Customs reported a 9 percent increase in the emirate’s non-oil foreign trade in 2024, reaching AED 306 billion ($83.29 billion), compared to AED 281.9 billion in 2023, reflecting the vitality of the emirate’s economy and its growing relations with trading partners around the globe....

The Group's EBITDA increased by 69 percent YOY.

Saudi Arabia and some other Gulf Arab states are to celebrate the Eid al-Fitr holiday from Sunday but other Middle Eastern countries will not do so until Monday.

From an institutional investor-based viewpoint, it is becoming of interest more now than it ever has been. And that's a credit to what they've been able to build from a critical mass point of view, said French.

The company had posted $19bn in property sales for 2024.

The final dividend of $136.5m will be paid on April 3.

It includes $1.7 billion scheduled for distribution in Q2 2025.

This is approx 78% of the company's net profit after tax.

DEWA had posted a net profit after tax of $1.96 billion for the full year 2024.

The final cash dividend of $394m for 2024 was approved at the AGM.

The company had posted a 24% YoY increase in net profit to $1.24bn.

Iran will conduct a "thorough assessment" before responding to US President Donald Trump's letter urging nuclear talks and warning of possible military action if Tehran refuses, the foreign ministry said Thursday. "The letter was received last night and is currently being reviewed," ministry spokesman Esmaeil Baqaei told the official IRNA...

The bigger your vision, the bigger your achievement will be. Will you stumble on the way? Perhaps, but we cannot let fear keep us small, says Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai.

A study by the World Economic Forum reveals that AI could replace around 85 million jobs by 2025

Historically, the region was a key player in commerce through the Silk Road, and today, it has the potential to become a hub for the digital revolution, says Al-Tawil, Managing Director for MENA at Equinix.

Partnerships with institutions like the Victoria & Albert Museum, Venice Biennale, and Hollywood productions elevate the GCC’s cultural landscape.

IoT applications are transforming critical sectors such as transportation, where connected vehicles improve traffic management, utilities where smart grids enhance energy efficiency, and healthcare, where remote monitoring optimizes patient care.

The framework for future-proofing tourism revolves around three core pillars: People, Planet, and Purpose. This vision is particularly evident in the GCC, where a people-first transformation is taking place.

The region leverages a strategic major hub, advanced infrastructure, and economic diversification to fuel logistics demand, says Janardan Dalmia, Founder and CEO at Trukkin, a leading UAE-based logistics firm.

The global logistics market is expected to be around US$10 trillion in 2024, and is estimated to reach US$21.91 trillion by 2033, registering a healthy CAGR growth of 9.35 percent from 2024 until 2033.

The GCC luxury market segment has experienced significant growth, driven by an increase in the number of high-net-worth individuals. Accommodating them requires new thinking. Michael Belton, CEO of MERED, explains.

Dubai, UAE -- The UAE’s real GDP increased by 3.8 percent during the first nine months of 2024 compared to the same period in 2023, reaching AED 1.322 trillion. This growth was driven by a strong expansion in non-oil sectors, which grew by 4.5 percent to AED 987 billion, reflecting...

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

The toll operator's revenue increased by 6% to $626 million.

Dubai, UAE -- TRENDS’ yearly Special Issue is out. This year’s edition, titled Future of Humanity, explores key global shifts and brings together expert insights on old and new forces shaping our world. The edition delves into transformative themes such as GCC’s leadership in urbanization, smart cities, and logistics, as...

Abu Dhabi, UAE -- Real estate transactions in Abu Dhabi reached AED17.24 billion ($4.69 billion) in the first two months of 2025, with over 5,000 transactions, reflecting the sector's strong activity. According to the "DARI" platform of the Department of Municipalities and Transport in Abu Dhabi, real estate sales transactions...

The company achieved its highest ever revenue and net profit.

Abu Dhabi, UAE -- Tawazun Council, UAE's authority responsible for managing acquisitions, procurement, and contracts on behalf of the Ministry of Defense and security agencies, said Tuesday that it had signed five deals worth a total of AED 5.8 billion with local and international companies on the second day of...

The Group's revenue increased 48 percent year-on-year.

Trump sparked a global outcry with his proposal for the United States to "take over" the Gaza Strip and to move more than two million Palestinians out of the war-devastated territory, citing Egypt or Jordan as possible destinations.

The company's revenue increased by 29 percent to $3.54 billion.

Dubai, United Arab Emirates -- The United Arab Emirates is planning to launch new artificial intelligence models inspired by China's DeepSeek, a senior official told AFP, calling the system's disruptive emergence "fantastic news". Faisal Al Bannai, the driving force behind the UAE's Falcon large language model, said DeepSeek's challenge to American...

Minus UAE corporate tax, it would have grown by 2.4% to $725m

Abu Dhabi, UAE - The Ministry of Finance has announced the issuance of Cabinet Decision No. 142 of 2024 on the introduction of the Top-up Tax for Multinational Enterprises, providing further details on the UAE Domestic Minimum Top-up Tax (UAE DMTT). This follows the announcement made by the Ministry on...

Paris, UAE - UAE President Sheikh Mohamed bin Zayed Al Nahyan and French President Emmanuel Macron of France explored various aspects of the longstanding and strategic partnership between the two countries and discussed opportunities to expand bilateral cooperation, particularly in the economic, investment, and cultural fields. The two sides also...

Abu Dhabi, UAE -- UAE's non-oil foreign trade increased by a record 14.6 percent in 2024, compared to 2023, reaching AED 3 trillion ($816 billion), according to Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade. In statements to the Emirates News Agency (WAM), Dr. Al Zeyoudi...

Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.

A record 92.3 million passengers travelled through Dubai's international airport last year, its operator said on Thursday, extending a post-pandemic tear that exemplifies the city's economic boom.

Abu Dhabi, UAE -- Abu Dhabi’s real estate market recorded AED10.6 billion in transactions in January, totaling 2,514 property deals. According to DARI real estate platform of the Department of Municipalities and Transport in Abu Dhabi, sales transactions totaled AED6.5 billion across 1,730 deals. Meanwhile, mortgage transactions from the beginning...

The deal increases NCTH's portfolio to 8 hotels with 1,500 keys.

Beyond AI, new technologies will leverage artificial intelligence to drive the next phase of the Fourth Industrial Revolution, Alphaeus Hanson, Chair of Jacksonville Global Shapers tells TRENDS in an interview.

Dubai, UAE -- Dubai’s real estate sector recorded a total of 2.78 million procedures in 2024, the highest in its history, with a combined value of AED 761 billion ($207.19 billion). The record number of procedures, which include both real estate transactions and rental agreements, represent a 17 percent increase...

Kuwait -- The UAE has topped the Arab list as the best and most attractive destination for investment and business in auto sales activity for 2024, Arab Investment and Export Credit Guarantee Corporation (Dhaman) has said. The Kuwaiti-based Dhaman organization stated in its fourth sectoral report for 2024 on the...

The profit surpassed AED 1 billion for the first time in bank's history.