A consortium led by top European utility EDF Power Solutions has signed a 20-year power purchase agreement with Oman's Nama Power and Water Procurement for the development of the 120MW Jaalan Bani Bu Ali (JBB) wind power plant in the sultanate.
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Binghatti Developers and Mercedes-Benz have announced plans to jointly set up a multi-tower branded city in Dubai at a total investment of AED30 billion ($8.2 billion) featuring luxury residences, leisure districts, retail boulevards, wellness and dining outlets.
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Abu Dhabi-based Mubadala Investment Company and Barings, one of the world’s top investment managers, have entered into a $500 million global real estate debt partnership. The new JV will focus on investing in subordinated loans across real estate asset classes.
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UAE shoppers are turning to AI to make shopping easier and more efficient, and they are signalling the importance of transparency as these tools become part of everyday life, says a Visa survey.
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Global luxury markets proved resilient into 2025, with overall luxury spending stabilising at similar levels to last year, despite headwinds from economic and geopolitical uncertainties, as well as disruption from critical shifts in consumers’ preferences, a report said.
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Luxury brand Karl Lagerfeld has signed a deal with AARK Developers for the launch of its $1.4 billion beachfront residential project in Ras Al Khaimah. Its second project in the region - Karl Lagerfeld Residences - will boast a collection of 663 sea view residences.
Arabian Qudra (AQ), a subsidiary of Saudi-based Abunayyan Holding Company, has announced that it has signed an agreement to establish the first floating solar power plant in the Kingdom of Saudi Arabia, in partnership with Saudi Water Authority.
Saudi Arabia’s Tourism Development Fund (TDF) signed six agreements and one MoU with public and private partners, unlocking over SAR 4 billion ($1 billion) in support. These deals expand financing access through TDF’s Tourism Empowerment Programs for micro, small, and medium-sized enterprises (MSMEs).
ADNOC Logistics & Services (ADNOC L&S), a global leader in integrated maritime energy logistics, has taken delivery of ‘Al Sadaf,’ the fourth of six new-build liquefied natural gas (LNG) carriers from the Jiangnan Shipyard in China.
Abu Dhabi Commercial Bank (ADCB) on Wednesday announced the successful completion of its AED6.1 billion ($1.66 billion) rights issue, following the close of the subscription period on December 4, 2025.
Nasdaq Dubai has welcomed New Development Bank’s (NDB) $50 billion Euro Medium Term Note (EMTN) Programme to its exchange.
The Events Investment Fund (EIF), a major Saudi government initiative, has entered into a joint venture pact with Legends Global, the world’s leading operator of event and sports venues, that will see EIF build, own and operate world-class event venues across Saudi Arabia.
The Events Investment Fund (EIF) — launched under Saudi Arabia's National Development Fund (NDF) — has announced the formation of a strategic joint venture with Legends Global, the world’s leading operator of event and sports venues.
Global trade is on course to exceed $35 trillion in 2025 for the first time, even as geopolitical tensions, higher costs and uneven global demand slowed momentum, according to a report by UN Trade and Development (UNCTAD).
Raimondi has announced the installation of six flat-top tower cranes for a major construction phase of Aljada, the large-scale master community development from Sharjah developer Arada. This marks the first time cranes from Raimondi T Series are being deployed at a GCC jobsite.
Action Energy Company (AEC), a leading Kuwaiti onshore drilling and oilfield services provider, has begun trading on Boursa Kuwait’s Premier Market following the completion of its private placement. It raised KD55.1 million ($180 million) from local and international investors.
Grand Hyatt Dubai has officially opened its boutique-style waterpark - Grand Hyatt Dubai Waterpark to the public. Set across 20,000 sqm within its 37-acre estate in the heart of Dubai, the waterpark offers 16 signature attractions, including a wave lagoon beach.
Action Energy Company (AEC), a leading Kuwaiti onshore drilling and oilfield services provider, has begun trading on Boursa Kuwait’s Premier Market following the completion of its private placement. It raised KD55.1 million ($180 million) from local and international investors.
Artificial Intelligence is the defining force of our era. What matters today is how fast it will transform our world, and how responsibly. Across continents, algorithms are reshaping economies, powering innovation, and redefining governance. Yet amid this acceleration, the most pressing challenge is it is moral. How do we align intelligence with intent, and capability with conscience?
Binghatti Developers and Mercedes-Benz have announced plans to jointly set up a multi-tower branded city in Dubai at a total investment of AED30 billion ($8.2 billion) featuring luxury residences, leisure districts, retail boulevards, wellness and dining outlets.
Abu Dhabi group M42 has announced the opening of Amana Healthcare Bahrain, the first specialised long-term care and rehab hospital of its kind in the country, developed in strategic partnership with Bahrain Mumtalakat Holding Company (Mumtalakat).
Qualcomm Technologies International Limited, a subsidiary of Qualcomm, and Aramco through the Saudi Accelerated Innovation Lab (AramcoSAIL) have completed the inaugural Design in Saudi Arabia with AI (DISAI), an accelerator program aimed to support startups in Saudi Arabia.
In a landmark move for the UAE’s financial and precious-metal market, Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, has unveiled the ‘Emirates NBD Gold’.
Indian Prime Minister Narendra Modi arrived in Oman today (December 17) for a two-day visit, marking a significant milestone in the long-standing friendship between India and Oman.
stc Group, a leading digital enabler in Saudi Arabia, has signed a new five-year master frame agreement (MFA) with Ericsson to accelerate the delivery of advanced digital infrastructure and boost technology adoption across the Kingdom of Saudi Arabia.
Mowasalat (Karwa), Qatar’s leading transport provider, has launched the country’s first RoboTaxi service under the supervision of The Ministry of Transport, marking a major milestone in the development of smart, sustainable, and technology-driven mobility solutions, in line with Qatar National Vision 2030.
The Kingdom of Bahrain today is celebrating its National Day and the anniversary of His Majesty King Hamad’s accession to the throne with pomp and gaiety. To mark the occasion the streets, roads, buildings and prominent landmarks across the country were adorned in white and red.
The Kingdom of Bahrain today is celebrating its National Day and the anniversary of His Majesty King Hamad’s accession to the throne with pomp and gaiety. To mark the occasion the streets, roads, buildings and prominent landmarks across the country were adorned in white and red.
