Category: Buzz

Abu Dhabi's sovereign investor, ADQ, has solidified its position in the logistics sector by acquiring a majority stake in Dubai-listed courier firm Aramex. This

Dubai's ambitious Palm Jebel Ali project is witnessing a significant revival, positioning itself as a prime destination in the global luxury real estate market.

Iran's national currency, the rial, has depreciated to an unprecedented low, trading at 1,039,000 rials per U.S. dollar on Tuesday. This significant decline underscores

The Central Bank of the United Arab Emirates has imposed financial sanctions totalling 2.62 million dirhams on five banks and two insurance

The United Arab Emirates has announced an unprecedented commitment to invest $1.4 trillion in the United States over the next decade, marking a

The United Arab Emirates property market is witnessing a notable influx of foreign institutional investors, marking a significant shift from its earlier reputation

A major fire at an electrical substation in Hayes, west London, has led to the complete closure of Heathrow Airport, causing widespread disruption to

The United States Federal Reserve's monetary policy decisions have a direct impact on the United Arab Emirates' financial landscape, owing to the dirham's peg

The consulting industry in the Gulf Cooperation Council is projected to reach a valuation exceeding $8 billion this year, marking a 12% growth

Dubai's Crown Prince, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, has enacted Executive Council Resolution No. of 2025, enabling free zone companies

Goldman Sachs has adjusted its oil price forecasts, citing a confluence of factors including escalating global supply and a decelerating U.S. economy. The investment

Gold prices have soared past the $3,000 per ounce mark for the first time, reflecting investors' flight to safety amid escalating global economic uncertainties.

Shareholders of Gulf Navigation Holding PJSC have approved the company's AED 3.2 billion acquisition of Brooge Energy Limited , a NASDAQ-listed oil refining

AIQ, a subsidiary of Presight, has secured a $340 million contract from Abu Dhabi National Oil Company to deploy its ENERGYai platform and

Abu Dhabi's Mubadala Investment Company has finalized the sale of its indirect stake in Calisen, a leading UK provider of smart meters and small-scale

The Government of Ras Al Khaimah has successfully launched a $1 billion 10-year Regulation S benchmark sukuk, marking a significant development in the

In a strategic move that underscores Egypt's global cultural ambitions, Khaled El-Enany has emerged as the nation's latest candidate for the prestigious UNESCO Director-General

Sukuk issuance is projected to decline in 2025 following a record-setting year in 2024, driven primarily by reduced refinancing needs from key sovereigns in

The Organization of the Petroleum Exporting Countries is grappling with increasing difficulties in managing its surplus oil production capacity, currently estimated at six

Oil prices fell on Friday, heading for their first monthly decline since November, as global economic growth uncertainties and potential fuel demand reductions weighed

High-net-worth individuals in the UAE and across the Gulf Cooperation Council are confronting a narrowing window of opportunity to secure permanent U.S. residency.

Saudi Basic Industries Corporation , a global leader in diversified chemicals, has unveiled plans to implement cost-cutting strategies and explore new investment avenues following

Property owners in Dubai are bracing for a significant increase in service charges, with industry experts forecasting a rise of up to 10% in

International Holding Company , under the leadership of Chairman Sheikh Tahnoon bin Zayed Al Nahyan, has reported a remarkable 54.2% increase in revenue for

Dubai's property market is projected to stabilise or experience a slight decline in prices over the next 12 to 18 months, according to a

Global oil prices have experienced a significant decline, with West Texas Intermediate crude falling nearly 3% to $70.40 per barrel, marking a two-month

Dara Holdings, the family office of Saudi billionaire Lubna Olayan, has significantly increased its investments in female-led startups across the United Arab Emirates since

Dubai Taxi Company has announced plans to launch its first autonomous taxi service in the emirate by the first quarter of 2026, aligning with

Dubai is set to experience significant traffic disruptions this weekend as the 15th Spinneys Dubai 92 Cycle Challenge takes place, necessitating extensive road closures

The Central Bank of the United Arab Emirates has imposed a financial penalty of AED 3.5 million on an exchange house operating within

Young Valens, Dubai’s first dedicated child mental health center, proudly announces its official launch at the renowned 777 Center. Following a successful soft opening

The Dubai International Financial Centre has reported unprecedented financial performance for 2024, coinciding with its 20th anniversary. The centre's total revenue reached AED