N. SaeedThe UAE real estate sector showed robust growth in the first quarter of 2026, driven by rising transaction volumes across Abu Dhabi and Dubai, the central bank said.Sustained demand from international investors and a growing local population supported this expansion, it said in its quarterl…
Staff WriterBlueFive Capital is acquiring a 70% stake in UAE dredging and land reclamation company Gulf Cobla for an undisclosed amount.The alternative investment platform will acquire the entire 49% shareholding held by Advanced Dynamics Investments, an affiliate of Saudi Binladin Group, together…
Majed Al Joker: We are strengthening the operational efficiency of our airports through investments in biometric and digital solutionsAMIA development is set to make a big difference to Dubai aviation sector’s future growthAirport Show offers exclusive meetings with the airport industry decision-m…
Dubai: Al Rostamani Trading Company (ARTC), a member of Al Rostamani Group, founded by Abdulla Hassan Al Rostamani in the early 1950s, and the exclusive authorized distributor of Suzuki in the UAE, has officially introduced the new Suzuki Across in the UAE. The launch marks the arrival of a new nam…
Dubai, United Arab Emirates: Cloud Box Technologies, a leading systems integrator and IT services specialist in the Middle East, announces a strategic Memorandum of Understanding (MoU) with multiple universities in the UAE to establish AI Lab, an advanced AI-focused Centre of Excellence (CoE). The…
Dubai, UAE: DMCC – the leading international business district that drives the flow of global trade through Dubai – has signed a strategic Memorandum of Understanding (MoU) with Naturalim France Miel (NFM), one of France's leading honey production and processing companies, to support the developmen…
Abu Dhabi, UAE: Abu Dhabi Biobank (ADBB), a strategic initiative between the Department of Health - Abu Dhabi, the regulator of the healthcare sector in the Emirate, and M42, a global health leader, announced a landmark collaboration with Bascom Palmer Eye Institute, part of the University of Miami…
Dubai, United Arab Emirates – Global AI-first cloud communications platform Infobip has partnered with Floward, the leading online flower and gifting company in the Middle East and the UK, to transform customer service using AI agents on Infobip’s AgentOS platform. By moving beyond traditional rule…
Staff WriterThe Saudi Arabia-based Amlak International Finance Company has sold its consumer finance contracts portfolio to Saudi National Bank (SNB) for 133.67 million riyals ($35.6 million) in a bid to strengthen its liquidity position and diversify funding.As part of the sale and service agreeme…
RIYADH, Saudi Arabia: (GLOBE NEWSWIRE) — Al Tahaluf Real Estate Company CJSC today announced its rebrand to HOV Global CJSC following an increase in majority ownership by K. Hovnanian M.E. Investments, LLC (KHME), a subsidiary of Hovnanian Enterprises, Inc. NYSE:HOV, one of the largest homebuilders…
BlueFive Capital, among the world’s fastest growing investment platforms, announced today that it has acquired a 70% stake in Gulf Cobla LLC, a UAE-based dredging and land reclamation company with a track record across the Middle East and South Asia.As part of the transaction, BlueFive Capital will…
Majda MuhsenKuwait's oil sector has expanded its upstream activity in 2026, with the number of active drilling rigs increasing to 39, according to data published by the Organisation of the Petroleum Exporting Countries (OPEC), local Arabic language newspaper Al Rai reported on Tuesday.The increase…
Dubai, UAE: SolitAir, the UAE’s dedicated B2B, airport-to-airport cargo airline, today announced the launch of cargo services to the Vasil Levski Sofia Airport (SOF), Bulgaria – its first destination in the European Union and a milestone route made possible by the carrier’s ACC3 (Air Cargo and Mail…
Abu Dhabi, United Arab Emirates: Emirates Global Aluminium today reported progress in the restoration of production at the company’s Al Taweelah site, with key early milestones reached ahead of schedule.EGA’s Al Taweelah site sustained significant damage on 28 March as Iranian attacks on Khalifa Ec…
Staff WriterDubai Electricity and Water Authority (DEWA) is expected to award a consultancy contract for the design and construction supervision of water transmission pipelines and associated works in the third quarter of 2026, according to a source aware of the details.The tender titled seeking ‘C…
Dubai, United Arab Emirates – The Dubai Virtual Assets Regulatory Authority today announced the issuance of its 50th Virtual Asset Service Provider licence, marking an important milestone in the development of Dubai’s regulated virtual assets market.The 50th licence has been issued to Tribe Tokenis…
Staff WriterThe Oman India Fertiliser Company (OMIFCO) has priced its IPO at top of the range at 156 baiza ($0.40) per share as the manufacturing firm raises $678 million through a rare listing in the sultanate.The IPO range was set between Bzs 146 and Bzs 156 per share, with a company valuation of…
Dubai, United Arab Emirates: Aquamarket FZCO, a Dubai-based technology company, has announced the launch of AquaStore, a specialized global business-to-business marketplace developed for companies operating across the pool, spa and wellness, water filtration and treatment, irrigation and related se…
Staff WriterQatar is expected to award the consultancy contract for the new Ministry of Foreign Affairs (MoFA) Complex in the New Diplomatic Area of Al Daayen Municipality in the third quarter of 2026, according to a source aware of the details.The tender for the lead, architectural, MEP, quantity…
Dubai, UAE - The GCC People Pulse, the region’s first dedicated monthly workforce sentiment tracker, is out and survey results indicate that positive sentiment among employees working for organisations across the region outperforms global benchmarks.The report, which has been launched by Employee E…
