UAE Business

Binghatti raises $500 million in oversubscribed sukuk issuance
UAE

Binghatti raises $500 million in oversubscribed sukuk issuance

Half of the sukuk orders came from international investors following strong H1 financial results.

Giorgio Armani to launch first branded villas in Ras Al Khaimah
UAE

Giorgio Armani to launch first branded villas in Ras Al Khaimah

The development will consist of a limited number of beachfront villas and luxury apartments, all offering direct private beach access and views of the Arabian Gulf

UAE central bank holds base rate steady at 4.40%
UAE

UAE central bank holds base rate steady at 4.40%

UAE’s non-oil trade surged 24% in H1 2025, hitting AED 1.7 trillion—outpacing global trade growth of just 1.75%

UAE’s non-oil trade surges 24% in first half of 2025, outpacing global growth
UAE

UAE’s non-oil trade surges 24% in first half of 2025, outpacing global growth

UAE prime minister says the figures reflect the strength of the country's global economic ties

UAE Central Bank suspends foreign insurer’s motor insurance operations over solvency breach
UAE

UAE Central Bank suspends foreign insurer’s motor insurance operations over solvency breach

The UAE Central Bank has suspended a foreign insurer’s motor insurance operations for failing to meet solvency and guarantee requirements.

FTA urges companies to register for corporate tax before July 31 or face AED 10,000 fine
UAE

FTA urges companies to register for corporate tax before July 31 or face AED 10,000 fine

If the return is filed within seven months of the first tax period’s end, the penalty is waived automatically; no extra application needed

Dubai launches first directory of certified family business advisors
UAE

Dubai launches first directory of certified family business advisors

The directory offers family-owned firms access to vetted experts across governance, operations, and succession planning.

DIFC sees record growth in H1 2025 as global finance firms flock to Dubai
UAE

DIFC sees record growth in H1 2025 as global finance firms flock to Dubai

DIFC hit a record high, adding 1,081 new companies in H1 2025, driven by strong growth in finance, fintech, and hedge funds.

GCC countries record $587.8 billion in nominal GDP by end of Q4 2024
UAE

GCC countries record $587.8 billion in nominal GDP by end of Q4 2024

The contribution of non-oil activities to the GCC's nominal GDP reached 77.9% by the end of the fourth quarter of 2024.

UAE regulator imposes record $1.36 million fine over money laundering breaches
UAE

UAE regulator imposes record $1.36 million fine over money laundering breaches

The case has been referred to Public Prosecution, underscoring the SCA’s growing efforts to crack down on financial misconduct and uphold the UAE's status as a trusted financial hub.

New platform offers fractional ownership of Dubai homes from AED 500
UAE

New platform offers fractional ownership of Dubai homes from AED 500

Deed allows global investors to buy shares in Dubai residential properties starting from AED 500—lowering the barrier to entry for real estate ownership.

How Rightmedia Built a Million-Dollar Digital Marketing Portfolio
UAE Business

How Rightmedia Built a Million-Dollar Digital Marketing Portfolio

In an ever-changing field, Rightmedia continues to stay ahead with bold strategies, full-spectrum services, and results that speak for themselves.

DFSA advances tokenisation push with next phase of regulatory sandbox
Sci-Tech

DFSA advances tokenisation push with next phase of regulatory sandbox

Selected firms begin testing new financial technologies in the DFSA’s Innovation Testing Licence programme

Dubai appoints new board for Majid Al Futtaim Capital amid governance overhaul
UAE

Dubai appoints new board for Majid Al Futtaim Capital amid governance overhaul

Family-run companies remain a backbone of the UAE’s private sector

Pakistan likely to sell majority stake in First Women Bank to UAE
UAE

Pakistan likely to sell majority stake in First Women Bank to UAE

Officials said Pakistan is likely to sell an 82.64% stake in First Women Bank to the UAE under a government-to-government deal next month

UAE to host first Neuralink brain chip trials outside the US
Sci-Tech

UAE to host first Neuralink brain chip trials outside the US

The chip helps paralyzed patients control devices using their thoughts.

Dubai to accept crypto payments for government services
World

Dubai to accept crypto payments for government services

The initiative supports Dubai’s Cashless Strategy and is expected to boost the local economy by AED 8 billion annually, reinforcing the city’s position as a global fintech leader.

AI and robotics power Al Maktoum Airport's 260 million passenger vision
UAE

AI and robotics power Al Maktoum Airport's 260 million passenger vision

Contracts awarded for key infrastructure at Al Maktoum International Airport.

Yas Island just got more magical: Disneyland arrival to fuel real estate surge
UAE

Yas Island just got more magical: Disneyland arrival to fuel real estate surge

Disneyland Abu Dhabi set to boost real estate demand on Yas Island and surrounding hotspots.

MENA registers 14 IPOs valued at $2.4 billion in Q1 2025
UAE

MENA registers 14 IPOs valued at $2.4 billion in Q1 2025

This marks an increase of four IPOs compared to the same period last year.