Category: Latest Updates

Arabian Post Staff -Dubai Source of Fate, a luxury real estate developer operating under the Wheel of Fate Group, has begun construction on Miraggio, a $707 million waterfront development on Al Marjan Island in Ras Al Khaimah, marking one of the largest private luxury residential investments announced on the northern emirate’s coastline. The ground-breaking ceremony on the reclaimed island signals the company’s formal entry into the upper tier of the UAE’s branded-luxury and resort-style residential market. Miraggio is planned as a

Arabian Post Staff -Dubai United Arab Emirates has accepted an invitation from the United States to join the Board of Peace, a new diplomatic initiative advanced by President Donald Trump that aims to promote stability, restore dependable governance and help secure peace in conflict-affected regions, according to officials familiar with the discussions. The acceptance places Abu Dhabi among the first governments to publicly align with the proposal, signalling support for a framework that Washington says will emphasise burden-sharing, political settlements

Arabian Post Staff -Dubai   EDGE, a specialised business unit operating under Trust’s industrial solutions portfolio, has signed a dealership agreement with Allison Transmission, marking a strategic step that broadens its footprint in high-performance propulsion systems and aftersales support across key regional markets. The agreement positions EDGE as an authorised dealer for Allison Transmission’s fully automatic transmissions, covering sales, service, genuine parts and technical support. The partnership aligns with Trust’s wider push to strengthen capabilities in heavy-duty mobility and industrial applications at a

Arabian Post Staff -Dubai Saudi Arabia recorded a landmark year for tourism in 2025, welcoming more than 122 million domestic and international visitors and generating close to $80 billion in total spending, according to official estimates and sector-wide assessments. The figures underline the scale and pace of change in a country long associated with pilgrimage travel but now positioning itself as a diversified global tourism destination. Data released by authorities show that domestic tourism continued to form the backbone of visitor

Arabian Post Staff -Dubai Ras Abu Fontas Power, a project company linked to one of Qatar’s largest power and water complexes, has signed a financing agreement of about $990 million with the Japan Bank for International Cooperation, marking one of the most substantial bilateral development-backed commitments to the Gulf’s utilities sector this year. The agreement underpins the long-term funding structure of the Ras Abu Fontas facility, a cornerstone asset supporting electricity and desalinated water supply to the Qatari grid. The JBIC-backed

Arabian Post Staff -Dubai Meraki Developers has launched Nirvana Residence 1, a 22-storey residential tower positioned in Me’aisem within Dubai Production City, marking the company’s latest entry into a competitive mid-market segment that blends lifestyle design with wellness-led planning. The project is being pitched as a calm, community-oriented development in an area that has emerged as a residential alternative for professionals working across Dubai’s southern business corridors. The development, officially announced in Dubai, is planned as a mixed-use residential building featuring

Arabian Post Staff -Dubai Abu Dhabi is set to host the 30th Gulf Cooperation Council Swimming Championship from January 22 to 25, bringing together around 200 male and female swimmers from six Gulf countries in what organisers describe as the largest and most competitive edition to date. The four-day event will be staged at the Mohammed Bin Zayed Sports Center and will feature age categories ranging from 10 years to senior level, underlining the depth of talent emerging across the

Arabian Post Staff -Dubai Two students from Georgetown University in Qatar have secured places in the highly selective Schwartzman Scholars programme, marking a notable academic milestone for the Doha-based campus and underscoring the growing links between Middle East institutions and leading centres of study in China. Kingwell Ma and Zarrish Ahmed have been awarded fully funded, one-year master’s degrees in Global Affairs at Tsinghua University in Beijing, where the Schwarzman Scholars programme is hosted. The award covers tuition, accommodation, travel, and

Arabian Post Staff -Dubai Sharjah’s cultural publishing push is being highlighted at one of the Arab world’s most prominent literary gatherings, with more than 1,000 publications showcased by the Sharjah Institute for Heritage at the 57th edition of the Cairo International Book Fair, opening on January 21 and running until February 3, 2026. Sharjah Institute for Heritage is presenting a wide-ranging catalogue that reflects decades of research into Emirati and Arab intangible heritage, spanning oral traditions, folk arts, social customs, maritime

Arabian Post Staff -Dubai Dubai Municipality has invited bids from prequalified developers and consortiums for a key phase of the Dubai Strategic Sewerage Tunnels programme, signalling momentum on one of the emirate’s largest long-term infrastructure undertakings aimed at overhauling wastewater collection and transfer. The authority said requests for proposal have been issued for the Phase II Links Package of the project, which is designed to connect outlying catchments to the main deep tunnel system through a network of secondary tunnels and

Arabian Post Staff -Dubai A high-level delegation from Saudi Arabia, led by Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah, is set to take part in the World Economic Forum Annual Meeting 2026, underlining Riyadh’s effort to shape global economic and political debates at a time of shifting trade patterns, energy transitions and geopolitical uncertainty. Officials familiar with the plans said the delegation would include senior figures from economic, investment and energy portfolios, reflecting the breadth of issues Saudi

Arabian Post Staff -Dubai Abu Dhabi-based clean energy company Masdar has reached financial close on the Ibri III Solar Independent Power Project in Oman, marking a milestone for the sultanate’s power sector as it brings together utility-scale solar generation with battery energy storage for the first time. The project is being developed by a consortium comprising Masdar, Al Khadra Partners, Korea Midland Power Co. and OQ Alternative Energy. The consortium said project finance has been secured from Natixis Corporate &

Arabian Post Staff -Dubai Emirates NBD Bank, the UAE’s second largest lender by assets, has taken a step towards expanding the domestic capital markets by mandating its debut dirham-denominated Regulation S three-year fixed-rate digitally native notes, marking a move that blends traditional funding with blockchain-enabled issuance infrastructure. The planned transaction signals growing confidence among regional issuers in digital settlement frameworks while maintaining alignment with established international clearing systems. The issuance is expected to be launched under Emirates NBD’s $20 billion Euro

Arabian Post Staff -Dubai Saudi Basic Industries Corporation has agreed to divest its European petrochemicals arm and its engineering thermoplastics operations across the Americas and Europe, marking a significant portfolio shift by the chemical producer as it sharpens its focus on core businesses. The company said it has signed a definitive agreement with Germany’s AEQUITA SE & Co. KGaA to sell 100 per cent of its shares in SABIC Europe BV for an enterprise value of 1.88 billion Saudi riyals, equivalent

Arabian Post Staff -Dubai Saudi Arabia has moved to open its real estate market to foreign ownership, marking one of the most consequential shifts in the Kingdom’s investment policy as it seeks to diversify its economy and deepen capital inflows beyond hydrocarbons. The reform allows non-Saudis to buy a broad range of properties, including residential, commercial, agricultural and industrial assets, with the option to purchase land for construction also permitted. The change forms part of a wider set of economic measures

Arabian Post Staff -Dubai Dubai is positioning itself as a magnet for global content creators, with the Dubai Chamber of Digital Economy setting out the emirate’s pitch as a base where talent, technology and market access converge. The chamber says Dubai’s ability to attract specialised creative professionals, alongside its digital infrastructure and business-friendly regulation, has become a decisive advantage for creators who depend on high-end production teams and cross-border audiences. Senior officials at the chamber have underlined that content creation has

Arabian Post Staff -Dubai Airlines operating from the Gulf sharply curtailed services to Iran on Friday as unrest inside the country prompted rapid operational reviews, disrupting travel links between Dubai, Doha and several Iranian cities while carriers weighed safety and regulatory considerations. Schedules published by Dubai’s airport operator showed multiple cancellations on routes linking Dubai with Tehran, Shiraz and Mashhad. A spokesperson for flydubai said all services to Iran planned for Friday had been withdrawn, adding that the carrier would keep

Arabian Post Staff -Dubai   Aldar Properties PJSC has priced $1 billion of subordinated dated hybrid notes, securing long-term capital to support its expansion plans as demand for Gulf real estate assets continues to draw global investors. The Abu Dhabi-based developer said the transaction was met with strong interest from international institutional accounts, reflecting confidence in its balance sheet and strategy at a time when funding costs remain elevated worldwide. The issuance marks Aldar’s return to the hybrid market and represents one of

Arabian Post Staff -Dubai UAE’s national railway operator Etihad Rail has outlined the rollout of the country’s first passenger railway network, marking a significant expansion of the federal transport system that will connect 11 cities and regions through a series of strategically located stations scheduled to become operational this year. The passenger rail service builds on the national freight network that has been running since 2023 and is positioned as a core pillar of the country’s long-term mobility and logistics strategy.

Arabian Post Staff -Dubai Turkish Airlines has broken ground on a broad package of infrastructure projects valued at more than 100 billion lira, signalling a long-term commitment to expand capacity, resilience and training as global aviation demand continues to normalise. The carrier said the programme, equivalent to about $2.3 billion at prevailing exchange rates, spans eight new facilities across several locations in Türkiye and is designed to underpin fleet growth, operational reliability and workforce development. The projects include new aircraft maintenance hangars,

Arabian Post Staff -Dubai Sharjah Public Libraries has drawn its centennial programme to a close after a year of events that traced a century of public access to knowledge in the emirate, ending with a children’s puppet theatre performance at the Heart of Sharjah and creative workshops at Kshisha Park. The finale brought together families, educators and cultural practitioners, reflecting the institution’s long-standing focus on literacy, learning and community engagement. Founded in 1925, Sharjah Public Libraries has evolved from a modest

Arabian Post Staff -Dubai Humid and changeable conditions are set to prevail across the UAE from Friday through Tuesday, with partly cloudy skies, the possibility of mist or light fog during early hours, and a chance of isolated rainfall, particularly over eastern and northern areas. Forecast guidance points to elevated humidity levels during the night and early morning, increasing the likelihood of reduced visibility in some inland and coastal locations. These conditions may be more pronounced during the weekend, when lighter

Arabian Post Staff -Dubai Abu Dhabi’s Ethmar International Holding has partnered with Guggenheim Brothers Media to launch a multi-million-dollar investment fund aimed at backing emerging media and technology companies, positioning the venture at the intersection of capital, content and digital innovation. The new fund, announced by the two groups, is designed to provide growth capital to early- and mid-stage firms developing technologies and platforms that serve film, television, streaming, gaming, advertising and adjacent digital media sectors. While the precise size has

Arabian Post Staff -Dubai Dubai Aerospace Enterprise Ltd has moved to the market with a mandate for a benchmark-sized, dollar-denominated Regulation S senior unsecured bond with a seven-year tenor, marking a strategic step in its funding programme amid steady demand for aviation finance assets. The transaction, expected to draw interest from global fixed-income investors, reflects confidence in the aircraft leasing sector’s cash-flow resilience and in the issuer’s balance-sheet strength. Dubai Aerospace Enterprise Ltd, commonly known as DAE, carries long-term investment-grade ratings

Arabian Post Staff -Dubai   Abu Dhabi has announced the inaugural winners of the Abu Dhabi International Competition for Composition, marking a significant step in the emirate’s ambition to position itself as a global centre for contemporary music creation and cultural exchange. The competition, held under the patronage of Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, and Founding Honorary Patron of Abu Dhabi Festival, attracted emerging and established composers from across continents, underscoring the city’s