BusinessLatest Business and Company Updates
Aldar advances Abu Dhabi housing expansion
Aldar Properties is set to begin construction of nearly 3,000 new homes across Abu Dhabi this year, signalling a significant acceleration in residential supply as population growth, job creation and investment inflows sustain demand across the capital’s prime districts. The developments carry a combined gross development value of about 23
Region
VFS Global Cuts Cost of $2 Billion Term Loan with Tighter Pricing
VFS Global has launched a $2 billion-equivalent term loan facility, securing markedly tighter pricing for its seven-year dollar and euro tranches. The USD portion of $1.010 billion is priced at 250 basis points above the Secured Overnight Financing Rate,
US-Iran strikes widen across Gulf states
The United States and Iran have intensified their exchange of attacks, drawing Gulf states deeper into a conflict that has entered an eleventh consecutive night of American strikes and raised the risk of a wider regional war. US Central Command said
Fuel pact bolsters UAE aviation resilience
UAE aviation fuel supply chains are set for tighter coordination after ENOC Group and Emirates Petroleum Company, Emarat, signed an agreement to build a joint business continuity planning framework for Jet A-1 operations. The memorandum of understanding is designed to protect
