Gulf Cooperation Council (GCC) countries are set to spend more than $542 billion in 2025, outpacing projected revenues of $487.8 billion. The figures, released by the Statistical Centre for the ...

EIGHTClouds is a boutique alternative investment firm based in Dubai, specialising in Private Equity, Credit, and Real Estate, throughout the GCC. The capital injection will support the company’s ...

The Dubai Future District Fund (DFDF) has revealed a significant update on its performance in 2024 at its Annual General Meeting, disclosing capital commitments exceeding $1.65 billion and support ...

The Abu Dhabi Fund for Development (ADFD) has announced that its total development financing reached AED 216.5 billion by the end of 2023. This funding has supported economic and social advancement ...

The Central Bank of the UAE (CBUAE) has announced the issuance of 7,000 silver commemorative coins to mark the Golden Jubilee of Dubai Islamic Bank (DIB), recognising the institution’s pioneering ...

Dubai’s property market achieved record-breaking home sales in the first five months of the year, with transaction values hitting AED 66.1 billion (USD18.2 billion). This upswing comes amid a steady ...

Emirates has deepened its partnership with Air China through a Memorandum of Understanding (MoU), aiming to enhance connectivity and provide more travel options between the UAE and mainland China. Sir ...

NMDC Group, a UAE-headquartered energy and marine services firm, has confirmed its acquisition of a 70% stake in Maritime Industrial Services. The strategic move is intended to strengthen its ...

EDGE Group, a global leader in advanced defence technology, has signed a record-breaking AED9 billion (US$2.45 billion) contract with Kuwait’s Ministry of Defence. Under the deal, EDGE will supply ...

The Dubai Financial Services Authority (DFSA) has officially approved Ripple’s RLUSD stablecoin for use within the Dubai International Financial Centre (DIFC). This move allows licensed DIFC firms to ...

Emirates NBD Capital KSA, the investment banking subsidiary of Emirates NBD based in Saudi Arabia, has obtained regulatory approval from the Capital Market Authority (CMA) to offer and manage ...

The President of the UAE, His Highness Sheikh Mohamed bin Zayed Al Nahyan, has issued a directive to absolve 222 Emirati citizens from repaying debts exceeding Dh139 million. This initiative is part ...