Category: Latest Updates

Arabian Post Staff -Dubai Dubai’s automotive data market is moving deeper into predictive intelligence after Seez entered a strategic collaboration with AutoData Middle East to strengthen vehicle valuation and market analytics across the region.The agreement brings Seez’s artificial intelligence models into AutoData Analytics, with an immediate focus on the platform’s Future Residual Value module. The integration is intended to improve projections of how vehicles retain value over time, giving manufacturers, dealers, leasing companies, financiers, insurers and fleet operators a more

Arabian Post Staff -DubaiRas Al Khaimah Economic Zone has signed two strategic agreements with MAGRABi Retail Group and Mighty Industrial Park, widening the emirate’s manufacturing base through projects covering retail fit-out production, metal recycling, refining and advanced industrial activity.The agreements were signed during the fifth edition of Make it in the Emirates at ADNEC Centre Abu Dhabi, in the presence of Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah. The deals place

Arabian Post Staff -DubaiGlobal health officials moved to contain public anxiety over a deadly hantavirus cluster linked to the MV Hondius, a Dutch-flagged expedition cruise ship that sailed from Argentina toward Cape Verde, stressing that the outbreak does not signal the start of another coronavirus-style pandemic.Dr Maria Van Kerkhove, the World Health Organization’s director for epidemic and pandemic preparedness and prevention, said the virus behaves very differently from SARS-CoV-2 and is not spreading in the way that drove Covid-19

Arabian Post Staff -DubaiMastercard has launched a regional resilience programme for small and medium-sized enterprises across the Middle East, bringing together banks, government bodies and business networks to help companies manage cash-flow stress, supply-chain disruption and higher operating costs.The initiative, called Built Small. Moving Strong, is being positioned as a coordinated response to pressure on smaller businesses at a time when trade disruptions, logistics costs, energy-price volatility and tighter financing conditions are testing the region’s private-sector base. The programme

Arabian Post Staff -DubaiAE Coin and USDU are developing a regulated digital conversion framework designed to let institutions move between UAE dirham- and dollar-backed payment tokens for settlement, treasury and cross-border use inside the UAE’s tightening virtual-asset rulebook. The initiative is being structured with support from Al Maryah Community Bank, positioning the lender as a key banking infrastructure partner for compliant AED–USD token conversion.The framework is intended to connect AE Coin, a dirham-pegged stablecoin used through Mbank’s AEC

Arabian Post Staff -Dubai Arada has entered the UAE healthcare market by acquiring a majority stake of more than 80 per cent in Reem Hospital, marking a decisive shift by the master developer from residential communities and branded wellness projects into clinical care.The transaction gives Arada control of one of Abu Dhabi’s specialist private healthcare assets and comes with an AED2 billion investment commitment to expand Reem Hospital across the UAE. The plan includes doubling active capacity at the Reem Island

Arabian Post Staff -Dubai Mubadala Investment Company has taken a significant minority stake in Power Factors, deepening Abu Dhabi’s exposure to the software layer of the global renewable energy industry as operators confront larger, more complex and increasingly hybrid clean-power portfolios.The transaction brings Mubadala alongside Vista Equity Partners, the existing investor in Power Factors, and positions the Abu Dhabi-based global investor behind a company whose systems are used across wind, solar and energy storage assets in more than 70 countries.

Arabian Post Staff -Dubai Dubai’s financial free zone has strengthened its standing as a global insurance centre after gross written premiums climbed to $4.2 billion in 2025, up 20 per cent from $3.5 billion a year earlier.Underwriting volumes at Dubai International Financial Centre have doubled since 2022, marking a sharp expansion in the emirate’s role as a booking, structuring and specialist underwriting platform for risks flowing across the Middle East, Africa and South Asia, as well as wider international markets.

Arabian Post Staff -Dubai Almarai has signed a one-year agreement in Riyadh to provide essential medication for children living with rheumatism, widening private-sector support for families facing long-term treatment costs and limited access to specialised care.The agreement with the Charitable Association for Rheumatism Patients is aimed at children whose health can deteriorate when diagnosis, medication and follow-up care are delayed or interrupted. The initiative is designed to improve mobility, ease pain, protect daily functioning and reduce complications linked to chronic inflammatory

Arabian Post Staff -DubaiADNOC Drilling is targeting an equal revenue split between its core drilling business and manufacturing-linked oilfield services within five years, signalling a deeper push into local industrial capacity as Abu Dhabi’s energy sector widens its role beyond upstream operations.Youssef Salem, Chief Financial Officer of ADNOC Drilling, said the company aims to generate about 50 per cent of revenue from drilling and 50 per cent from manufacturing and related value-added services over the next five years. The

Arabian Post Staff -Dubai Abu Dhabi’s EDGE Group and France-headquartered ICAPE Group have signed an agreement to explore joint development and local supply of critical electronic subsystems, strengthening the UAE’s drive to build more resilient defence and advanced-technology manufacturing chains.The memorandum of understanding was signed on 5 May at Make it in the Emirates 2026 in Abu Dhabi, where industrial localisation, supply-chain security and high-value manufacturing have been central themes. The arrangement gives the two companies a framework to assess

Arabian Post Staff -Dubai Parkin has signed a long-term framework agreement with Arada to operate parking assets at Aljada in Sharjah, marking the Dubai-listed company’s first expansion into the emirate and a key step in its plan to grow beyond its home market.The agreement appoints Parkin as the sole parking operator at Arada’s flagship mixed-use Aljada development, where up to 9,900 spaces will be brought into operation between 2026 and 2030. The portfolio will cover on-street, off-street and building parking

Arabian Post Staff -Dubai Abu Dhabi’s family business ecosystem is set for a new layer of banking support after the Abu Dhabi Family Business Council signed a memorandum of understanding with Abu Dhabi Islamic Bank to provide tailored financial services, priority banking access and dedicated digital channels for member companies.The agreement establishes a structured framework for cooperation between ADFBC and ADIB, bringing together a council focused on family enterprise continuity with one of the UAE’s leading Islamic banks. The partnership is

Arabian Post Staff -Dubai AD Ports Group has signed a memorandum of understanding with CMA Terminals Khalifa Port and CMA CGM Group to extend container logistics beyond Khalifa Port into inland markets across the UAE and the wider region, sharpening Abu Dhabi’s bid to become a more integrated trade and distribution hub.The agreement, signed on Tuesday, brings together AD Ports Group’s consolidated inland intermodal network with the maritime scale of CMA CGM and the terminal operations of CMA Terminals Khalifa

Arabian Post Staff -Dubai London-listed Man Group is moving to establish an office in Abu Dhabi, adding fresh momentum to the UAE capital’s drive to become a larger global centre for hedge funds, alternative assets and private capital.The firm, one of the world’s biggest publicly traded hedge fund managers, has applied for a Category 3A licence at Abu Dhabi Global Market, the emirate’s international financial centre. The planned outpost remains subject to regulatory approval, but the move places Man Group

Arabian Post Staff -Dubai Betterhomes has launched City Tower for long-term leasing on Sheikh Zayed Road, positioning the 93-storey address as a high-specification rental option for tenants seeking central Dubai access without entering the ownership market.The exclusive leasing mandate, delivered in collaboration with H&H Properties, places the tower in one of the city’s most visible urban corridors, between Dubai International Financial Centre, Downtown Dubai and Jumeirah. The building is designed to appeal to professionals, families and corporate tenants looking for

Arabian Post Staff -DubaiDubai International is moving to rebuild flight momentum after weeks of regional airspace disruption forced airlines to redraw schedules, trim frequencies and manage passenger flows through one of the world’s most important long-haul transit corridors.Dubai Airports said UAE airspace has now been fully restored, allowing DXB to increase daily flight movements in step with available regional routing capacity. The airport operator is working with airlines, service partners and control authorities to restore schedules gradually, while remaining constrained

Arabian Post Staff -Dubai OPAQUE has acquired cryptographic AI technologies developed in Abu Dhabi, expanding its confidential AI platform into model training, agentic workflows and post-quantum protection for enterprises handling highly sensitive data.The deal links OPAQUE, a San Francisco-headquartered confidential AI company founded by researchers from UC Berkeley’s RISELab, with the Technology Innovation Institute, the applied research arm of Abu Dhabi’s Advanced Technology Research Council. The transaction, announced on Monday, gives OPAQUE technology designed to protect data while it is

Arabian Post Staff -Dubai Abu Dhabi National Oil Company will award Dh200 billion worth of project contracts between 2026 and 2028, marking one of the largest new execution phases in the Gulf energy sector as Abu Dhabi moves to expand capacity, secure supply chains and deepen local manufacturing.The planned awards, equivalent to about $55 billion, form the first major tranche of ADNOC’s $150 billion capital expenditure programme for 2026-2030, approved by its board in November. The contracts will span upstream

Arabian Post Staff -DubaiRas Al Khaimah’s economic regulator has stepped up public and business awareness over counterfeit goods, warning that fake products threaten consumer safety, undermine legitimate traders and expose offenders to serious legal action.The Ras Al Khaimah Department of Economic Development, through its Commercial Control and Protection Department, carried out an awareness campaign titled “Protect Your Products from Counterfeiting” as part of wider efforts to curb the sale of fake goods and strengthen trademark protection across the emirate.

Arabian Post Staff -DubaiUber Technologies has agreed to acquire FlyTaxi, strengthening its position in Hong Kong’s fast-changing point-to-point transport market as the city prepares to bring ride-hailing platforms under a formal licensing regime.The deal gives Uber control of one of Hong Kong’s main remaining independent taxi-hailing apps and adds to its earlier acquisition of HKTaxi, deepening its reach into the licensed taxi trade. FlyTaxi is expected to continue operating without immediate disruption, with existing drivers and passengers on both

Arabian Post Staff -DubaiDamac International has launched Harir Residences inside its Damac Hills Baghdad master community, adding twin premium residential towers to a capital city property market increasingly shaped by private developers, affluent buyers and demand for planned urban living.The project comprises two 12-storey towers with 210 apartments, offering one-, two- and three-bedroom units. The towers are positioned within a larger community near Baghdad International Airport, an area that has become a focal point for large residential schemes, commercial

Arabian Post Staff -DubaiDubai’s aviation regulator has launched a passenger-rights framework that gives travellers a clearer route to raise complaints, track cases online and seek resolution when disputes arise with airlines or licensed travel agents.The Aviation Consumer Welfare Directive, introduced by the Dubai Civil Aviation Authority, establishes a formal regulatory reference for the relationship between passengers, carriers and travel agents operating in the emirate. It places the authority in a more visible mediation role, allowing it to handle

Arabian Post Staff -Dubai Abu Dhabi’s Modon has sold out Tara Park on Reem Island, generating about AED 2 billion in sales and underscoring the depth of buyer appetite for well-located residential projects in the capital.The sell-out followed strong demand for the development, which is positioned as a freehold residential community connected to Reem Mall and close to Abu Dhabi Global Market, Al Maryah Island, Downtown Abu Dhabi and key education and healthcare facilities. The response points to sustained confidence

Arabian Post Staff -Dubai Emerging-market assets came under pressure as investors moved towards the dollar, cutting exposure to riskier currencies and equities before the Federal Reserve’s policy decision and amid rising doubts over artificial intelligence spending and stalled Middle East peace efforts.MSCI’s emerging-market currency gauge fell 0.3 per cent, with most major developing-economy currencies weakening against the greenback. The Philippine peso, the rupee and the Thai baht led declines, reflecting the strain on Asian foreign-exchange markets from higher oil prices,

Arabian Post Staff -DubaiEtihad Airways has launched a codeshare partnership with Air Cambodia, widening its Southeast Asian network and giving travellers a single-ticket connection from Abu Dhabi and beyond to Siem Reap through Phnom Penh.The agreement allows Etihad customers to book journeys from across its international network to Siem Reap, the gateway to the Angkor Wat temple complex, via the Cambodian capital. The arrangement includes through-checked baggage to the final destination, reducing the complexity of separate bookings and airport

Arabian Post Staff -DubaiDubai’s Emirati Human Resources Development Council and Dubai International Financial Centre have launched a specialist programme to prepare UAE nationals for roles in wealth management, private banking and financial technology, strengthening the emirate’s push to deepen local participation in high-value financial services.The Wealth Strategist Programme is designed to equip Emirati talent with practical skills required by private banks, asset managers, family offices, FinTech firms and investment advisory businesses operating in and around DIFC. The initiative places

Arabian Post Staff -Dubai Al Ain’s major citizen housing programme is moving ahead with five residential developments that will deliver 10,316 villas, reinforcing Abu Dhabi’s push to build integrated neighbourhoods around family stability, public services and sustainable urban growth.Sheikh Hazza bin Zayed Al Nahyan, Ruler’s Representative in Al Ain Region, reviewed progress on the projects being implemented by the Abu Dhabi Housing Authority with strategic partners. The update covered delivery timelines, infrastructure works and community facilities planned across the developments,

Arabian Post Staff -DubaiGulf bourses posted modest gains on Sunday even as hopes of a diplomatic breakthrough in the US-Israeli conflict with Iran weakened, leaving investors to balance fragile ceasefire expectations against higher oil prices, inflation risks and slowing global growth.Trading was cautious across the region, with market moves reflecting selective buying rather than broad confidence. Saudi Arabia’s benchmark index rose 0.1 per cent, supported by gains in heavyweight financial and mining stocks. Al Rajhi Bank advanced 0.6 per

Arabian Post Staff -Dubai Qatar’s media-sector push has gained fresh momentum after Media City Qatar and the International Association for MediaTech entered a Platinum Partnership designed to raise the country’s profile as a regional centre for media, technology and content creation.Announced in Doha on 26 April 2026, the agreement gives Media City Qatar wider access to IAMT’s international platforms, industry events, market intelligence and training programmes. The partnership is intended to connect Qatar’s expanding media ecosystem with global broadcasters, production houses,

Arabian Post Staff -DubaiQNB Egypt has signed an EGP 5.5 billion medium-term facility agreement with MARAKEZ to finance part of the investment cost for residential and commercial expansion at District 5, strengthening one of East Cairo’s major mixed-use developments at a time when developers are turning increasingly to structured bank financing.The agreement covers funding for District 5, a 268-acre project in New Katameya that combines homes, offices, retail, leisure and food and beverage outlets. The development is positioned near

Arabian Post Staff -Dubai Nokia has chosen Egypt as its support hub for the Middle East and Africa, setting up a centralised operational centre in Cairo to handle regional support activities and customer services across one of the world’s most diverse telecoms markets.The move places Egypt at the centre of Nokia’s service delivery model for operators, enterprises and public-sector customers across the region. The Cairo hub is expected to support technical operations, managed services and customer-facing functions, giving the Finnish telecoms

Arabian Post Staff -DubaiGulf Bank has renewed its long-term strategic collaboration with Mastercard, strengthening a payments alliance aimed at expanding digital banking services, improving transaction security and responding to changing customer behaviour across Kuwait’s financial sector.The renewed agreement gives Gulf Bank continued access to Mastercard’s payment technologies, digital solutions and global expertise, with a focus on contactless payments, mobile wallet services, card security, customer convenience and data-led product development. The partnership is positioned as a platform for customer-driven innovation

Arabian Post Staff -Dubai Wall Street climbed to record levels as hopes for renewed US-Iran diplomacy, a stronger-than-expected Intel forecast and reduced uncertainty around Federal Reserve succession combined to fuel a broad risk rally across US assets.S&P 500 gained nearly 1 per cent on Friday, extending its longest weekly advance since 2024 and pushing the benchmark to an all-time high. Nasdaq also advanced, helped by a powerful move in semiconductor and artificial intelligence-linked shares, while Treasury yields slipped as traders