BusinessLatest Business and Company Updates
Aldar Achieves AED 3.5 Billion in First‑Week Fahid Island Sales
Aldar has secured over AED 3.5 billion in sales during the initial launch week of its Fahid Beach Residences and The Beach House on Fahid Island, underscoring strong demand for the developer’s new coastal wellness vision. Sales encompass a mix of 1- to 4‑bedroom apartments, townhouses and penthouses, with prices starting from around
L’IMAD tightens control over TAQA
Abu Dhabi’s L’IMAD Holding has deepened its grip on TAQA after its subsidiary Abu Dhabi Power Corporation bought a further 8.09 per cent stake in the listed power and water utility, lifting its holding to 98.12 per cent. The transaction, disclosed
Leonardo EDGE venture targets radar export surge
Leonardo and Abu Dhabi’s EDGE Group have set a target of more than €4 billion in orders over five years for a new defence sensors and systems joint venture, signalling a deeper industrial push by the UAE into high-end military
Hidden Engines Behind Region’s Next Phase of Private Markets Growth
By Umesh Sangaralingam The influx of private capital into Middle East markets is securing the region’s place as an evolving global investment hub. With sovereign wealth funds, institutional investors, family offices, and fund managers all increasing allocations, capital commitments are increasing at scale—but it’s not
