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ADIA joins Corona Remedies block deal purchase

Abu Dhabi Investment Authority has emerged among institutional buyers in a ₹777 crore open-market transaction involving a 7.3 per cent stake in Corona Remedies, marking another Gulf-linked investment in the country’s fast-growing listed pharmaceutical…

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Trump presses Iran after fragile war deal

Washington and Tehran have published the text of an interim agreement signed by their presidents to halt a wider Middle East…

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Mubadala expands stake in European power grids

Abu Dhabi sovereign investor Mubadala has acquired $200 million of Equitix’s stake in Greenlink, deepening its exposure to European energy infrastructure…

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Gulf states welcome fragile US-Iran accord

Middle East governments moved to endorse a preliminary US-Iran peace deal on Monday, casting it as the strongest diplomatic opening yet…

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Hormuz deal nears as Tehran holds back

The United States and Iran are edging towards a peace memorandum that could reopen the Strait of Hormuz and pause a…

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Emaar readies vast Dubai urban district

Dubai’s property market is set for one of its largest new supply commitments as Emaar Properties prepares to unveil a Dhs200bn…

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AHS buys landmark Shangri-La Dubai for Dh1.1bn

AHS Properties has acquired the Shangri-La Dubai hotel on Sheikh Zayed Road for Dh1.1 billion, deepening the luxury developer’s hold on…

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Dubai first-home scheme widens buyer access

Dubai’s push to turn long-term tenants into homeowners has crossed Dh5 billion in residential transactions, with more than 3,200 residents buying…

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ADNOC weighs Canada energy push through XRG

ADNOC is exploring investment opportunities in Canada’s upstream oil and liquefied natural gas sectors through XRG, its international energy investment arm,…

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MBRIF seeks new funding pathways for factories

Access to finance for industrial startups is becoming a sharper policy test for the UAE as high-growth manufacturing ventures confront longer…

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Israel widens strikes after Iran barrage

Israel launched airstrikes on military targets in western and central Iran early on Monday after Iran fired missiles and drones towards…

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UAE capital inflows hold firm

Capital inflows into the UAE are holding steady as investors adopt tougher due diligence standards rather than retreating from the market,…

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Oil markets face August price squeeze

Oil markets are heading towards a possible August inflection point as constrained flows through the Strait of Hormuz, recovering seasonal demand…

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Uber deepens Careem push through e& deal

Emirates Telecommunications Group Company PJSC, known as e&, has agreed to sell part of its stake in Careem Technologies to Uber…

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Energy chiefs warn of widening war shock

Global economic leaders have warned that the Middle East war is tightening energy supplies, disrupting trade routes and placing the heaviest…

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Kuwait strike tests fragile Gulf ceasefire

Several Americans were injured and two MQ-9 Reaper drones were badly damaged after an Iranian ballistic missile aimed at Kuwait’s Ali…

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Japan resets fuel subsidy benchmark

Japan will restore Dubai crude as the benchmark for calculating petrol price subsidies from June 4, reversing a temporary shift to…

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Kuwait intercepts aerial threats near border

Kuwait’s air defence systems intercepted hostile missiles and drones targeting its airspace early Thursday, triggering loud explosions across parts of the…

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UAE offices sustain rental surge

Dubai and Abu Dhabi’s office and retail property markets remained resilient in the first quarter of 2026, as tight supply, steady…

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Aramco exits PRefChem as Petronas takes control

Saudi Aramco will transfer its equity stakes in Malaysia’s PRefChem refining and petrochemical ventures to Petronas, bringing an eight-year downstream partnership…

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UAE trade strategy gains Gulf test

UAE Minister for Foreign Trade Dr Thani bin Ahmed Al Zeyoudi used a high-level GLOBSEC Forum 2026 panel in Prague to…

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Masdar taps Sungrow for Abu Dhabi storage

Masdar has signed an agreement with China’s Sungrow to supply battery energy storage and photovoltaic inverter systems for Abu Dhabi’s round-the-clock…

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UAE redraws oil strategy after OPEC exit

Abu Dhabi has cast its departure from OPEC as a strategic move to protect national revenue before global oil demand enters…

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Meta reshapes workforce around AI push

Meta Platforms has told employees it does not expect further company-wide layoffs this year after cutting about 8,000 jobs and shifting…