Category: Latest Updates

Arabian Post Staff -DubaiDubai’s property market set a new benchmark on 26 January after recording Dh15.6 billion in real estate transactions in a single day, the highest daily value ever logged, according to figures released by the Dubai Land Department.The total was generated through 1,501 transactions, underscoring the scale and depth of activity across land plots, residential units and entire buildings. Sales alone accounted for Dh11.4 billion, while mortgages and gifts contributed the remainder, signalling a broad mix of

Arabian Post Staff -DubaiA one-year-old child has undergone a highly complex bone marrow transplant at Yas Clinic Abu Dhabi, marking a significant step in the expansion of advanced paediatric cancer care in the capital. The procedure, carried out at the clinic’s Khalifa City facility, was delivered in close clinical collaboration with the Abu Dhabi Stem Cells Centre, and involved months of preparation, donor matching, and post-transplant monitoring typically reserved for far older patients.Hospital officials said the transplant was indicated

Arabian Post Staff -DubaiAl Ahly Sabbour Developments has marked a significant milestone in Oman’s real estate sector by officially breaking ground on its Wadi Zaha residential community in Sultan Haitham City, signalling progress after strong pre-construction sales that exceeded expectations. The developer announced that construction has commenced on the integrated neighbourhood after achieving 101 percent of its 2025 sales target, reflecting robust demand and confidence from buyers and investors.The project, positioned at the heart of Sultan Haitham City

Arabian Post Staff -DubaiAbu Dhabi’s economy gathered pace in the third quarter of 2025 as real GDP reached 325.7 billion dirhams, equivalent to $88.68 billion, marking a year-on-year expansion of 7.7%, official data showed, underlining the emirate’s continued shift towards a broader growth base even as hydrocarbons remain a central pillar.Figures released by the Abu Dhabi Statistics Centre indicated that the non-oil economy expanded by 7.6% over the same period, with non-oil activities accounting for 54% of total output

Arabian Post Staff -DubaiFlight operations between the United Arab Emirates and Algeria are expected to continue without disruption despite Algiers initiating steps to terminate a bilateral air services agreement, according to the UAE’s civil aviation regulator. The General Civil Aviation Authority said the move would have no immediate impact on scheduled services, underscoring that flights will operate under existing arrangements while regulatory processes unfold.The assurance followed an announcement from Algeria that it had begun procedures to cancel the air

Arabian Post Staff -DubaiHeroiks, a Paris-founded growth strategy and media activation consultancy, has established its first Middle East operation with a new office in Dubai Media City, aiming to strengthen its international footprint amid evolving marketing dynamics. The firm said the Dubai hub will serve as a strategic base to support local and international advertisers with data-driven growth strategy, omnichannel activation and performance measurement solutions.The office, marketed as Heroiks MENA, becomes the group’s fourth global location alongside Paris, Berlin and

Arabian Post Staff -DubaiPureHealth Holding delivered a solid set of full-year results for 2025, reporting net profit of AED2 billion and proposing a cash dividend of AED600 million, underscoring the scale and resilience of the Abu Dhabi-based healthcare group as it expands across services, geographies and clinical capabilities.The company said results for the year ended 31 December 2025 reflected steady demand across hospitals, clinics, diagnostics and health insurance, alongside tighter cost controls and continued investment in technology and specialised

Arabian Post Staff -DubaiDubai Electricity and Water Authority has rolled out direct access to its customer services through ChatGPT, positioning itself as the first government entity and the first utility globally to integrate end-to-end service delivery within a generative AI platform. The move allows customers to obtain information, complete routine requests and navigate account services through natural language prompts, bypassing traditional websites and call centres.The integration, launched as part of Dubai’s wider digital government push, enables users to interact

Arabian Post Staff -DubaiKuwait has set out a long-term plan to lift crude oil production capacity to 4 million barrels per day by 2035, up from about 3 million bpd at present, signalling a renewed push to secure upstream growth while managing the pressures of energy transition and market volatility. The target was outlined by Nawaf S. Al-Sabah, deputy chairman and chief executive of Kuwait Petroleum Corporation, who said the expansion would be driven by a mix of onshore

Arabian Post Staff -DubaiRiyadh Air, the new full-service carrier backed by the Public Investment Fund of Saudi Arabia, has entered into a strategic partnership with Mastercard that both companies say is designed to reshape how travellers and businesses engage with airlines, payments and digital services. The agreement, announced as Riyadh Air advances preparations for its first commercial flights, signals an attempt to integrate financial technology into the core of the airline experience rather than treat payments as a back-end

Arabian Post Staff -DubaiUAE’s floating hospital anchored off Al Arish on Egypt’s Mediterranean coast has admitted 10 additional patients evacuated from the Gaza Strip over the past three days, according to officials involved in the humanitarian operation. The patients, including children and adults, were transferred through coordinated medical corridors and assessed on arrival for injuries and complex health conditions linked to the prolonged conflict.Medical teams said the new admissions include trauma cases requiring surgical intervention, patients needing post-operative care,

Arabian Post Staff -DubaiSharjah Airport Authority has announced the launch of a new scheduled service by SpiceJet linking Ahmedabad Airport with Sharjah International Airport, expanding the airport’s international network and underscoring the growing demand for direct connectivity between the United Arab Emirates and India. The service adds capacity on a corridor that serves business travellers, tourists and families with close ties across the two regions.The new flight is positioned as a scheduled operation rather than a seasonal addition, signalling

Arabian Post Staff -DubaiSaudi Arabia has emerged as the largest gaming market in the Middle East, accounting for about $1 billion of the region’s $2.52 billion consumer spending on video games, according to industry estimates compiled from market trackers and regional regulators. The scale of spending, combined with the highest average revenue per user in the region, underscores a structural shift in digital consumption driven by demographics, income levels and state-backed investment in entertainment.Spending in the kingdom now represents

Arabian Post Staff -DubaiJordan-based education technology company Alefredo has acquired United Kingdom tutoring firm Tutor House, marking its formal entry into the UK market and accelerating its push to build a hybrid learning platform spanning Europe, the Middle East and Africa. The deal brings Alefredo a network of more than 30,000 vetted tutors across multiple subjects and age groups, significantly expanding its reach beyond its home markets in the Middle East.Alefredo said the acquisition forms a central part of

Arabian Post Staff -DubaiNational Bank of Kuwait used the Kuwait Oil & Gas Show and Conference 2026 to underline its role as a leading financier to the energy value chain, engaging with policymakers, producers, service companies and investors as Kuwait accelerates long-term plans to modernise hydrocarbons infrastructure while managing the transition to lower-carbon operations.Held over three days in Kuwait City, the biennial industry gathering drew senior executives from national oil companies, international majors, technology providers and project developers, offering

Arabian Post Staff -DubaiBadrgo, a homegrown ride-hailing and mobility platform, has wrapped up its participation at Web Summit Qatar 2026, using the global technology gathering in Doha to signal its ambitions as competition intensifies across the region’s urban transport market. The company said its presence at the event underscored a shift from early-stage experimentation to operational execution, with a sharper focus on scale, regulatory alignment and partnerships.The Doha summit, which drew technology founders, investors and policymakers from across the

Arabian Post Staff -DubaiAbu Dhabi has launched a comprehensive study to guide the long-term redevelopment of Mussafah, signalling a renewed push to strengthen the district’s standing as a major industrial and investment hub while improving liveability for workers and surrounding communities.The Department of Municipalities and Transport said the first phase of the project will examine ways to revitalise Mussafah’s waterfront, with proposals centred on creating expansive green spaces, upgrading public facilities and protecting the area’s established industrial character. Officials

Arabian Post Staff -DubaiAbu Dhabi has added a new regulated player to its financial landscape with the formal launch of EmCoin, positioned as the country’s first onshore, Capital Market Authority-regulated multi-asset investment platform. The company says the platform allows investors to access crypto assets, foreign exchange, equities and other asset classes through a single, domestically licensed structure, marking a notable step in the UAE’s effort to fold digital assets into the mainstream financial system.EmCoin has received authorisation from the

Arabian Post Staff -Dubai ADNOC Distribution has delivered record financial performance for 2025, underpinned by higher fuel volumes, steady network expansion and improving non-fuel revenues across its regional footprint, according to figures disclosed by the company. Full-year earnings before interest, tax, depreciation and amortisation rose 11.1 per cent year on year to $1.166 billion, while net profit climbed 15.4 per cent to $761 million, marking the strongest annual outcome since the company’s listing.Fuel volumes increased 4.5 per cent to 15.7 billion

Arabian Post Staff -DubaiUAE and Ecuador have formalised a new layer of institutional cooperation aimed at strengthening public accountability, audit standards and anti-corruption frameworks, signing a set of memoranda of understanding that officials on both sides say are designed to translate political intent into operational coordination between oversight bodies. The agreements, concluded between the UAE Accountability Authority and Ecuador’s national audit institutions, seek to improve information-sharing, technical assistance and joint capacity-building at a time when both countries are placing

Arabian Post Staff -Dubai Gold prices have swung with an intensity more often associated with speculative equities, unsettling investors who have long treated the metal as a steady store of value. Sharp intraday moves, rapid reversals and heavy retail participation have given bullion trading a momentum-driven character that echoes the behaviour of so-called meme stocks, challenging assumptions about how gold responds to risk, inflation and monetary policy.Spot gold has logged wide daily ranges through January and early February, with futures

Arabian Post Staff -Dubai President His Highness Sheikh Mohamed bin Zayed Al Nahyan held substantive talks with His Excellency Guy Parmelin, President of the Swiss Confederation, in Abu Dhabi on Tuesday, emphasising cooperation on artificial intelligence, economic partnership and water security while reinforcing diplomatic commitment to global peace and stability. The discussions at Qasr Al Shati brought forward agreements aimed at deepening bilateral relations between the two nations and aligning strategic priorities in technology and sustainable development.Sheikh Mohamed underscored

Arabian Post Staff -DubaiMajor refiners based in New Delhi have signalled that transitioning away from Russian crude will require an orderly wind-down period before imports can be fully halted, even as leaders from the United States and India have proclaimed a landmark trade agreement that hinges on this shift. Refineries say they are bound by previously booked cargoes set to load and arrive over the coming weeks, creating operational and contractual constraints that cannot be unwound instantaneously. Two industry

Arabian Post Staff -DubaiQatar Islamic Bank has entered into an exclusive partnership with Alfardan Automotive to roll out a bespoke, Shari’a-compliant vehicle financing programme aimed at reshaping premium car ownership in Qatar, a move that aligns banking innovation with the country’s high-end automotive retail market.The agreement brings together one of Qatar’s largest Islamic lenders and a dominant luxury automotive group, covering financing solutions across Alfardan Automotive’s portfolio of global premium brands. Under the arrangement, customers purchasing vehicles through Alfardan

Arabian Post Staff -DubaiHouse of Shipping, a Dubai-headquartered advisory and execution firm serving the logistics and maritime sectors, has moved to deepen its technology and operations footprint by setting up a Global Capability Center in India, signalling a broader push by Gulf-based logistics specialists to tap skilled digital talent and scalable engineering capacity.The company has signed an agreement with InfoSun to establish the centre, which will support Exol, a robotic logistics platform positioned as a commercially deployable system for

Arabian Post Staff -Dubai Money managers at some of the world’s largest asset firms are repositioning portfolios to guard against inflation risks they believe are being underestimated by wider financial markets, even as headline measures show easing price pressures across major economies.Executives and portfolio managers at BlackRock, Bridgewater Associates and Pacific Investment Management Co. have signalled that persistent cost pressures, supply-side constraints and policy uncertainty could reignite inflation volatility, challenging assumptions that central banks are on a smooth path towards sustained

Arabian Post Staff -Dubai Washington has approved a potential sale of Patriot interceptor missiles and associated equipment to Saudi Arabia with an estimated value of about $9 billion, marking one of the largest US arms packages proposed for the kingdom in several years and underscoring a renewed focus on air and missile defence cooperation in the Gulf.The clearance, granted by the US State Department and notified to Congress through the Pentagon, covers the possible transfer of up to 730 Patriot Advanced

Arabian Post Staff -Dubai Dubai Electricity and Water Authority has received five awards from the British Safety Council for 2025, reinforcing its standing in occupational health, environmental management and organisational wellbeing, according to official announcements from the utility and the London-based safety body.The awards include the Sword of Honour for Health and Safety, the Globe of Honour for Environmental Management and the Shield of Honour, distinctions that are granted only to organisations achieving the highest audit scores under the British Safety

Arabian Post Staff -DubaiDubai-based luxury property developer Damac Real Estate Development Limited has returned to the debt capital markets with a $600 million Islamic bond that drew strong investor demand, signalling sustained appetite for Gulf real estate credit despite higher-for-longer global interest rates. The 3.5-year benchmark sukuk attracted an orderbook topping $1.7 billion, excluding interest from joint lead managers, allowing pricing to tighten materially from initial guidance.The transaction was marketed by Alpha Star Holding X Limited, a special purpose

Arabian Post Staff -DubaiA new investment cooperation pact between the United Arab Emirates and Scotland aims to widen capital flows, align priority sectors and give institutional backing to a growing commercial relationship between the Gulf state and one of the UK’s devolved governments.The Memorandum of Understanding was signed by the UAE Ministry of Investment and the Scottish Government, setting out a framework to promote two-way investment, improve information sharing and coordinate investor support. Officials on both sides described the

Arabian Post Staff -Dubai Dubai-based Danube Properties has appointed former Australia fast bowler Brett Lee as its Global Ambassador, a move aimed at strengthening the developer’s international presence and sharpening its brand messaging across key overseas markets.The announcement, made by founder and chairman Rizwan Sajan, positions the retired cricketer as the face of Danube Properties’ outreach to global audiences, leveraging Lee’s worldwide recognition and credibility to underline the company’s emphasis on performance, reliability and trust. The partnership comes as Dubai’s residential

Arabian Post Staff -DubaiSaudi-listed Saudi Arabian Refineries Company has moved to expand its property footprint after confirming the acquisition of a commercial land parcel in Riyadh for SAR 33 million, equivalent to about $8.8 million, following a successful public auction. The transaction places the capital’s commercial real estate market back in focus as listed companies selectively add assets aligned with long-term development and diversification strategies.The company, widely known as SARCO, said the plot is located within Riyadh city limits

Arabian Post Staff -DubaiProperty Finder has raised $170 million in fresh capital from Mubadala Investment Company alongside other UAE sovereign-backed investors, a funding round that underscores sustained confidence in the region’s digital property platforms amid shifting real estate cycles.The Dubai-headquartered company said the investment will be used to simplify the home-search experience, improve productivity tools for brokers and developers, and reinforce data accuracy, trust and transparency across listings. The round values Property Finder as one of the Middle East’s

Arabian Post Staff -DubaiDubai has approved the launch of three new projects under the Dubai 10X Initiative, reinforcing the emirate’s push to place government performance and public services a decade ahead of global benchmarks. The approval was granted by H. H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence and Chairman of the Board of Trustees of the Dubai Future Foundation, signalling renewed momentum for a programme designed to