Category: Latest Updates

Abu Dhabi: Financial executives from over 20 Arab countries gathered this week at the newly formed Sanadak unit to examine its dispute-resolution model designed for banks and insurance firms, marking a push by the UAE to raise consumer-protection standards across the region. Sanadak cited engagement with the 50 delegates as an opportunity to showcase how its independent mechanism can serve as a regional benchmark, while participants praised the

The Tawazun Council for Defence Enablement recorded nine new contracts worth AED 1.012 billion on behalf of the Ministry of Defence on the fifth and final day of the Dubai Airshow 2025, elevating the event’s five-day total to 36 agreements with a cumulative value of AED 25.455 billion.

At a press conference in Dubai attended by spokespersons Majed Ahmed Al Jaberi, Abdulla Ahmed Al Saeedi and Manea Abdulkarim

A pioneering bio-textile crafted from marine algae has been rolled out by the Fashion Commission of Saudi Arabia at the Misk Global Forum in Riyadh, marking a bold step into sustainable fashion. The initiative, termed the Red Sea Seaweed Project, turns algae harvested from the Red Sea into fabric through a collaboration with King Abdullah University of Science and Technology and the fibre-specialist PYRATEX. The unveiling took

First Abu Dhabi Bank has mandated a group of global and regional banks to arrange investor calls on Wednesday, 19 November, signalling the preparation of a benchmark USD-denominated Additional Tier 1 capital issuance. The Abu Dhabi-based lender, rated Aa3 by Moody’s and AA- by both S&P and Fitch, is targeting a fixed-rate, resettable perpetual instrument with a non-call six-year structure, expected to be rated Baa3 by

Dubai – GE Aerospace has secured two high-value engine agreements with Dubai-based carriers Emirates Airline and Group and flydubai at the 2025 Dubai Airshow 2025, underscoring the resilience and expansion of the UAE’s aviation sector. Emirates has committed to 130 additional GE9X engines to power 65 new Boeing 777-9 aircraft, bringing its total order for that engine type to more than 540 units. The contract includes spares and

A pact between SkyGrid and High Lander has been signed at the Dubai Airshow 2025 to construct a framework for advanced air-mobility operations in the United Arab Emirates, focusing on integrating crewed and uncrewed aerial vehicles. The memorandum of understanding calls for development of airspace management ecosystems, digital operations for electric vertical take-off and landing aircraft and cargo drones, vertiport planning and

Ukraine’s drone-manufacturer SkyFall unveiled its latest unmanned aerial system, the P1-SUN interceptor, on the opening day of the Dubai Airshow. The P1-SUN marks the company’s first public display outside Ukraine and is designed specifically to neutralise enemy drones such as the Iranian-designed Shahed, a frequent threat in the conflict with Russia. A company representative said production runs into the thousands of units per month.

SkyFall has built a reputation

Global stock markets continue to experience significant losses, with sharp declines across major indices in Asia and other regions. The ongoing sell-off in equities has been driven by a combination of factors, including rising fears surrounding the stability of the global economy and concerns over the sustainability of the recent surge in artificial intelligence investments. These developments have raised alarm among investors, who are now bracing for the potential consequences

GE Aerospace has reached significant milestones at the Dubai Airshow 2025, signing major engine agreements with two of the UAE’s most prominent carriers—Emirates and flydubai. The deals highlight the ongoing growth and resilience of the UAE’s aviation sector, which continues to see robust demand for both commercial aircraft and high-performance engines, despite the global challenges facing the industry.

The first of these landmark agreements was signed with Emirates, the

Michele Faissola, a senior figure at the family office of Qatar's former emir, has joined a growing list of high-net-worth individuals relocating from the UK, driven by rising taxes on the wealthy. Faissola, who had been a prominent London-based executive for more than a decade, has shifted his primary residence to Italy, according to recent filings. This move comes amid a surge of wealthy individuals seeking more favourable

Ebury, a leading financial services provider, has confirmed its role as a key sponsor for the upcoming Scotland London Africa Week in 2025. The event, organised by the Scottish Africa Business Association, aims to foster stronger economic ties between Scotland and the African continent, highlighting the role of trade, investment, and business opportunities in the region.

The partnership with Ebury, renowned for its expertise in global trade finance and

Arada Developments, a prominent real estate firm co-owned by the son of Saudi Arabian Prince Alwaleed bin Talal and a member of Sharjah's royal family, has secured a significant stake in a major London property project. The company has acquired 80% of a prestigious waterfront development, marking a key expansion into the UK market.

The project, located in the heart of London's dynamic property sector, aims to deliver around

Saudi Crown Prince Mohammed bin Salman arrived in Washington on Tuesday for his first official visit since 2018, marking a significant milestone in US-Saudi relations. The visit is set against the backdrop of a complex diplomatic landscape, one that has seen fluctuating ties between the two nations in recent years. The Crown Prince's return to the White House follows a period of tension under President Joe Biden’s administration,

EDGE, the UAE’s leading advanced technology group, has revealed an impressive array of 42 new products and innovations at the Dubai Airshow, underscoring its growing influence in the global defence and aerospace sectors. This year's unveiling focuses on a diverse portfolio of next-generation solutions across several key domains, including autonomous systems, propulsion technology, radar systems, and secure communication networks. These advancements are a testament to EDGE’s commitment to

Dr Temidayo Omolaoye, a distinguished professor based in Dubai, was awarded the Promising Researcher Grant at the 2025 King Hussein Cancer Research Award ceremony. The event took place at the prestigious Four Seasons Hotel in Amman, Jordan, recognising exceptional contributions to the field of cancer research.

The King Hussein Cancer Foundation, known for its commitment to improving cancer care across the Middle East, annually honours individuals who have made

ENOC Group, a leading player in the energy sector, is set to demonstrate its commitment to sustainable practices at the 19th Dubai Airshow. The group, known for its integrated energy solutions, will focus on innovations aimed at accelerating the transition to a low-carbon economy. One of the key highlights will be the provision of Sustainable Aviation Fuel to JETEX-operated aircraft during the event, underscoring ENOC's efforts to

Etihad Airways has marked a historic achievement in its financial performance, posting the highest profit after tax in its history for the first nine months of 2025. The airline reported a 26 per cent increase in profit, amounting to AED 1.7 billion, solidifying its position as a leader in the aviation industry. This growth reflects not only a significant rise in profitability but also a continued upward trajectory

Abu Dhabi’s largest lender, First Abu Dhabi Bank P. J. S. C., has priced a €850 million benchmark five-year Regulation S green bond carrying a coupon of 3.1201 per cent, underlining its growing role in sustainable finance. The offering, which drew strong investor demand, was set at 70 basis points over the five-year euro swap rate.

The bank holds credit ratings of Aa3 from Moody’s Investors Service and AA-

A delegation from Abu Dhabi’s infrastructure authority wrapped up discussions in Singapore with seven strategic memoranda of understanding aimed at accelerating urban development and smart-city infrastructure. The Abu Dhabi Projects and Infrastructure Centre signed accords with Singapore’s leading construction, engineering and architectural firms to bring advanced modular construction, digital twin technology and sustainable delivery models into a US$54 billion + project pipeline.

The agreements involved Singapore entities

Williams, known for his insightful analysis and expert commentary, has a reputation for

Guyana’s energy landscape is set to undergo a transformation following the approval of major international companies to begin exploration activities within its borders. TotalEnergies, QatarEnergy, and Petronas have each received government approval to explore potential oil and gas reserves off the country’s coast, a move that could help diversify the sector and reduce reliance on the existing dominant players.

The country has long struggled to expand its energy portfolio

China is intensifying its efforts to import liquefied natural gas from Russia, despite the ongoing sanctions imposed by the United States and the European Union. As part of these efforts, China has begun developing a fleet of ships designed to transport the super-cooled fuel, with the aim of circumventing international sanctions that prevent direct shipments of Russian LNG to Western markets.

The growing need for energy security and

SRV, a leading global player in its field, has made a significant move by opening a new office in Dubai, marking a pivotal moment in the company's growth strategy. This new location is not merely an addition to its network but a strategic step towards building stronger international partnerships, fostering collaboration, and setting a new benchmark for excellence in the industry.

Dubai has long been a hub for innovation

Abu Dhabi National Hotels, a leading hospitality investment and management company in the UAE, has made a significant move into Ras Al Khaimah’s burgeoning luxury real estate sector. The company has officially announced the launch of The Residences at Nasim Al Bahr, part of the prestigious Luxury Collection Resort & Spa located on Al Marjan Island. This waterfront development is valued at Dhs3 billion and represents a major

Bank of Sharjah played a key role in Ittihad International Investment LLC’s latest financing success, serving as Joint Lead Manager and Bookrunner in a US$550 million senior unsecured Sukuk issuance. The five-year bond offering attracted overwhelming investor interest, with the order book oversubscribed more than four times, peaking at US$2 billion. This level of demand highlights the strong confidence investors have in Ittihad International's financial health and future

Visa and Mastercard are reportedly nearing a resolution in a two-decade-long legal dispute with a group of merchants over the fees associated with their payment systems. Sources familiar with the ongoing negotiations indicate that both companies, along with the merchants involved, are working towards an agreement that could put an end to the protracted legal battle, which has caused significant tension in the payments industry.

The legal issue dates

The GCC bond market has experienced a surge in activity this week, with borrowers from various sectors seizing the opportunity to tap into favourable financial conditions. The tightening of borrowing costs has created a window of opportunity for sovereigns, banks, and corporations, leading to a total of nine mandates being issued.

The rush for capital comes at a time when borrowing costs have reached historically low levels. For many

A forecast from global property and advisory firm BlackBrick indicates that villa communities in Dubai are entering a phase of measured growth, as end-users and investors increasingly favour data-driven decisions over speculative leaps. The firm highlights key drivers behind villa demand in Q4 2025, underlining Dubai’s resilience in luxury real-estate.

According to founder and CEO Matthew Bate, the villa segment is evolving into “an era of intelligent luxury”

Abu Dhabi-headquartered AD Ports Group has reached a joint venture agreement with France’s CMA CGM Group to acquire a 20 per cent stake in the Latakia International Container Terminal in Syria for USD 22 million. The deal followed the ratification of a shareholders’ agreement signed in Abu Dhabi by Captain Mohamed Juma Al Shamisi, Managing Director & Group CEO of the AD Ports Group, and Rodolphe Saadé,

The group led by Air France‑KLM has announced that its Dutch subsidiary KLM Royal Dutch Airlines is under significant pressure as rising charges at Amsterdam’s Schiphol Airport and broad inflation in the Netherlands compel a strategic review of the carrier’s business model. Chief Executive Officer Ben Smith confirmed that “all options are on the table,” noting that the carrier needs to adjust aircraft numbers, fleet types, destinations and

Turkish Airlines has finalised a landmark agreement with GE Aerospace to supply engines, spare engines and maintenance services for 75 Boeing 787-9 and -10 wide-body jets that the carrier has committed to acquiring. The deal covers the fleet due for delivery between 2029 and 2034 and marks a major step in the airline’s long-haul modernisation strategy.

The engine deal follows Turkish Airlines’ earlier announcement that it will purchase 75

The Public Investment Fund and Jones Lang LaSalle Saudi Arabia Company Limited announced a memorandum of understanding to deepen collaboration in Saudi Arabia’s real-estate sector. The agreement, inked during the Future Investment Initiative in Riyadh, lays out a strategic partnership aimed at leveraging PIF’s infrastructure ambitions and JLL’s global real-estate expertise.

Under the MoU, PIF and JLL intend to focus on critical areas such as market-insight

Etihad Airways has unveiled four new routes from its Abu Dhabi hub, linking the UAE capital with networks in North Africa and Asia in a major push to cement its global connectivity. The airline announced flights to Tunis, Hanoi, Chiang Mai and Hong Kong, opening up additional access across Africa and Asia. According to the carrier, these launches account for nearly 45 per cent of the UAE’s aviation

Abu Dhabi’s state energy company signed a 15-year sales and purchase agreement with a unit of British energy major for the delivery of up to 1 million tonnes per annum of liquefied natural gas. The contract represents the first long-term LNG sales deal between the company and Shell and marks the eighth offtake agreement secured for its new export facility.

The LNG will be supplied from the Ruwais