DIAFA, the Abu Dhabi-based luxury investment platform and a IHC unit, has acquired a majority stake in the hospitality portfolio of British businessman Richard Caring. The deal estimated at $1.8 billion includes some of the UK’s iconic brands such as Ivy restaurants chain and private members’ club Annabel’s.
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The US military said on Saturday that two of its warships had passed through the Strait of Hormuz and conditions were being set to clear mines, while Iran's state media denied any US ships had transited the waterway.
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US delegation led by Vice President JD Vance met directly with Iranian officials in Pakistan on Saturday — a significant moment for two countries that have typically held high-level talks through intermediaries, a CNN report said.
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Global growth is likely to take a noticeable hit from the ongoing Middle East conflict, even if a ceasefire holds, according to an interview given by World Bank President Ajay Banga to Reuters.
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Dubai’s residential market is unlikely to move uniformly in the months ahead, with price softening expected across the board but with significant variation by property type and community, says an expert.
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Following the recent announcement from Bahrain Civil Aviation Affairs regarding the reopening of the of airspace of the Bahrain, Gulf Air, the national carrier of the kingdom, resumed its operations from Bahrain International Airport after 40 days of airspace closure with its inaugural flight to Riyadh.
British Airways said it will reduce services across key Middle East routes when operations resume, citing continued uncertainty over regional airspace. Flights to Dubai, Doha and Tel Aviv will be cut to one daily service from July 1, while Riyadh frequencies will fall from two daily flights to one from mid-May. Jeddah is being dropped from the network altogether.
Al Habtoor Group on Thursday (April 9) announced a landmark investment exceeding AED5 billion ($1.36 billion) in Dubai’s real estate sector, underlining its confidence in the emirate’s investment outlook.
Dubai Aerospace Enterprise (DAE) has announced a partnership agreement with Blackstone Credit & Insurance to launch a new long-term global investment programme branded Equator that will focus on aircraft on lease to commercial airlines, with a target deployment of $1.6 billion annually.
Minor Hotels has unveiled plans to build a new global data and AI platform from the ground up in partnership with Google Cloud, Salesforce, OneTrust and Deloitte, marking a major acceleration of the group’s long-term digital transformation strategy.
The framework agreement for the financing of the second phase of the Shaikh Jaber Al Ahmad Al Sabah Highway Development Project, estimated at nearly BD129 million ($340 million), has been approved by His Majesty King Hamad bin Isa Al Khalifa of Bahrain, said a report.
Mubadala Investment Company, an Abu Dhabi–based sovereign investor, today reported strong financial performance in its 2025 annual results with its assets under management growing 17 percent to AED1.4 trillion ($385 billion), with annualised five- and ten-year returns exceeding 10 percent.
Aleph Hospitality, a leading independent hotel management company in the Middle East and Africa, has set a new milestone for the group of operating 100 hotels by the end of 2029.
The United Arab Emirates is accelerating efforts to strengthen alternative trade corridors, improve customs systems and expand regional shipping connectivity as it works to protect supply chains and reinforce its position as a trusted global logistics hub amid continuing regional disruptions.
UAE developer Mered has announced that deep foundation works was currently under way at its waterfront residential tower - Riviera Residences - in Al Reem Island, Abu Dhabi. With work in full swing, the premium project, featuring over 400 apartments and 11 exclusive villas, is on track for timely completion.
Global energy technology company SLB announced the signing of a strategic collaboration agreement between Petronas Suriname, a subsidiary of Petronas and Subsea Integration Alliance, comprising SLB OneSubsea and Subsea7.
The Saudi Tourism Authority (STA) and Expo 2030 Riyadh signed a strategic Memorandum of Understanding (MoU) aimed at enhancing joint cooperation in promoting Saudi tourism and attracting visitors to Expo 2030 Riyadh.
DIAFA, the Abu Dhabi-based luxury investment platform and a IHC unit, has acquired a majority stake in the hospitality portfolio of British businessman Richard Caring. The deal estimated at $1.8 billion includes some of the UK’s iconic brands such as Ivy restaurants chain and private members’ club Annabel’s.
Dubai’s residential market is unlikely to move uniformly in the months ahead, with price softening expected across the board but with significant variation by property type and community, says an expert.
SLS The Red Sea, a destination in its own right, presents a dynamic culinary line-up that brings together internationally acclaimed names making their Saudi debut alongside original concepts.
The Women's Pavilion at Expo City Dubai, in partnership with Meem Foundation, American Hospital Dubai and PeriCare, has launched Her Health Majlis – an ongoing wellness series offering accessible, stigma-free education on women's health.
Abu Dhabi Maritime Academy, an integral part of AD Ports Group, has signed a research, development, and operational deployment agreement with Minexx, a technology-enabled mining and mineral processing company operating in the Democratic Republic of Congo.
Choithrams, a leading UAE-based retail and distribution company, has announced that it has joined hands with Parkonic, a digitally managed parking operating system, to introduce a streamlined, ticketless parking experience across selected store locations in the UAE.
Global growth is likely to take a noticeable hit from the ongoing Middle East conflict, even if a ceasefire holds, according to an interview given by World Bank President Ajay Banga to Reuters.
Meta Platforms has launched its debut AI model Muse Spark, thus marking the first release from the company's Superintelligence group. Designed to boost Meta's products, Muse Spark is a compact yet powerful model capable of complex reasoning in various fields, including science and math.
Choithrams, a leading UAE-based retail and distribution company, has announced that it has joined hands with Parkonic, a digitally managed parking operating system, to introduce a streamlined, ticketless parking experience across selected store locations in the UAE.
The Black Gold Museum at the King Abdullah Petroleum Studies and Research Center (KAPSARC) in Riyadh was inaugurated on Tuesday, marking a significant milestone in Saudi Arabia’s cultural landscape.
The Women's Pavilion at Expo City Dubai, in partnership with Meem Foundation, American Hospital Dubai and PeriCare, has launched Her Health Majlis – an ongoing wellness series offering accessible, stigma-free education on women's health.
