US private equity firm Carlyle has begun talks with UAE investors to bring in partners should its deal to buy Russian Lukoil's international assets worth $20 billion proceed, said a report. Lukoil boasts strategic stakes in European refineries as well as significant holdings in oil fields from Iraq to Kazakhstan.
The UAE has welcomed 16 senior tourism leaders from nine countries as part of its Global Tourism Leadership Programme, organised by the Government Knowledge Exchange Office at the Ministry of Cabinet Affairs in collaboration with the Dubai College of Tourism.
Economic growth across the Gulf Cooperation Council (GCC) gained momentum in 2025, supported by structural reforms and rapid digital innovation, said a World Bank report. The UAE is expected to top the region with 4.8% growth in the year.
The UAE’s cabinet had approved 3,567 housing decisions worth AED2.55 billion ($680 million) in 2025, said a report. This federal support included a mix of residential, financing and government grants for low-income families and government housing schemes.
The UAE real estate market extends growth momentum in Q3 with Abu Dhabi remaining on a stable long-term growth trajectory supported by rising demand, while Dubai continues to see unprecedented expansion with multiple projects, said a report.
Pay10 and Commercial Bank of Dubai has announced the go-live of Open Finance services under the UAE’s Open Finance Initiative, AlTareq, marking a significant advancement in the country’s transition toward regulated, customer-centric digital financial services.
The UAE’s tourism sector attracts entrepreneurs through strong economic impact, government support, and national funding programmes. Initiatives like Khalifa Fund, Mohammed bin Rashid Establishment, RUWAD, and Emirates Development Bank provide financing, training, and advisory services, fostering SMEs, innovation, Emirati talent, and sustainable growth.
The UAE boosts tourism via a national strategy, attractive investment incentives, and strong returns. Its natural diversity, strategic location, stability, and infrastructure drive year-round demand, high rankings, aviation competitiveness, 16 million hotel guests, and expanding accommodation capacity.
UAE-based developer Seven Tides has appointed Dutco Construction as the main contractor for its Golf Views Seven City JLT project in Dubai. A premium mixed-use development, it boasts 2,621 residential units along with 150,000 sq ft of retail space and a variety of dining options.
Mirage, a leading multidisciplinary engineering group, has been appointed as the project management consultant for Janu Hotel & Branded Residences on Al Marjan Island in Ras Al Khaimah. The project comprises a 132-key upscale hotel, five premium villas and 73 residential units.
