Dubai

Finance & Capital Market Motoring

Dubai Taxi Company to acquire National Taxi for $394.8m

Wed, 13 May 2026

Dubai Taxi Company (DTC), a leading provider of comprehensive mobility solutions in Dubai, on Wednesday announced that it has entered into a Sales and Purchase Agreement (SPA) to acquire 100% of the share capital of National Taxi, one of the UAE’s established taxi operators with operations in Dubai, Abu Dhabi, and Al Ain for a total enterprise value of AED1.45 billion ($394.83 million).

Travel, Tourism & Hospitality

Dubai tops global Instagram travel rankings for 2026

Wed, 13 May 2026

Dubai ranked as the world’s most Instagrammable destination for 2026, while Burj Khalifa topped landmark rankings with more than 10 million tagged social media posts and 1.1 million monthly searches, according to a new global study by PlayersTime.

Construction & Real Estate

Union Properties accelerates growth in Q1, revenue rises 66%

Wed, 13 May 2026

Union Properties has delivered a strong start to 2026, reporting solid revenue growth and improved profitability in the first quarter, as the company advances into a new phase of accelerated growth.

Construction & Real Estate

Esnaad hands over The Spark in Mohammed Bin Rashid City

Tue, 12 May 2026

Esnaad Real Estate Development, a Dubai-based real estate development company, has announced the handover of The Spark by Esnaad, its residential project in Mohammed Bin Rashid City, marking a key milestone in the company’s journey in Dubai’s real estate market.

Construction & Real Estate

Binghatti Holding posts Q1 revenue of $1.19bn; profit reaches record $389m

Tue, 12 May 2026

Binghatti Holding Limited, a leading developer, has reported a net profit of AED1.43 billion ($389.38 million) for Q1 2026, representing a 73 percent year-on-year increase, while revenue rose 52 percent to AED4.39 billion ($1.195 billion).

Construction & Real Estate Energy, Oil & Gas

DEWA posts record revenue of $1.76bn for first quarter

Tue, 12 May 2026

Dubai Electricity and Water Authority (DEWA), the emirate of Dubai’s exclusive electricity and water services provider, has reported a record revenue of AED6.45 billion ($1.76 billion) for the first quarter of this year.

Construction & Real Estate

Esnaad completes MBR City residential project handover

Tue, 12 May 2026

Dubai developer Esnaad has announced the handover of its residential project in Mohammed Bin Rashid City, marking a key milestone in its journey in the emirate’s real estate market. The project comprises a ground floor, five residential floors, and a rooftop, offering a total of 50 one- and two-bedroom apartments.

Travel, Tourism & Hospitality

Global Village extends Season 30 to May 31

Mon, 11 May 2026

Global Village, the region’s premier multicultural family destination, has extended its Season 30 until May 31, 2026, bringing the season to a vibrant close coinciding with Eid Al Adha celebrations.

Construction & Real Estate

Danube unveils first large-scale master villa community in Dubai

Mon, 11 May 2026

UAE developer Danube Group has launch of its first large-scale integrated master villa community - Greenz by Danube - in Dubai. Set for 2029 handover, it will feature three- and four-bedroom townhouses, along with five-bedroom semi-detached and twin villas - all with private lifts and sky gardens.

Industry, Logistics & Shipping

Aramex records strong Q1 revenue

Sun, 10 May 2026

Dubai-based logistics firm Aramex has delivered tremendous results for Q1 with its group revenues soaring to hit AED1.6 billion ($436 million) for the three-month period, despite the geo-political challenges. Additionally, its performance for the first two months topped business plan expectations across key products and markets