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Banking & Finance

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How does the IMF finance itself? $1 trillion lending capacity’s impact on global economy

The IMF's administrative expenses are fully covered by income from lending and investments

Sheikh Maktoum reviews MoF’s 2024 milestones, emphasizes role of leadership in driving financial stability and growth

H.H. highlighted the importance of the Islamic T-Sukuk program in boosting the national economy

Jordan’s economic growth outpaces forecasts as IMF releases new funds

Jordan continues to make progress with a gradual fiscal consolidation and strengthening fiscal sustainability

QIA launches $200 million fund with Fiera Capital to support Qatar’s financial markets

Fund aims to deliver superior risk-adjusted returns by investing in equities listed on the Qatar Stock Exchange

Lebanon: World Bank approves $250 million financing to support reconstruction in conflict-affected areas

The conflict in Lebanon is estimated to have caused total direct damages across 10 sectors at $7.2 billion

UAE’s FTA highlights importance of registering for Corporate Tax to benefit from key exemptions

The authority indicated that the exceptional condition for benefitting from the exemption applies only to the first tax period of the entity subject to tax

How is UAE balancing oil production growth with renewable energy ambitions

Key investments of AED150 to AED200 billion target a significant increase in renewable energy capacity 

ADNOC Drilling awarded 5-year $800 million contract for oilfield services

This marks the fifth contract in just over two months, including a $1.63 billion five-year contract for Integrated Drilling Services

Multiply Group to sell PAL Cooling Holding to Tabreed, CVC DIF consortium for $1.03 billion

Transaction's future proceeds will accelerate growth across group's core verticals and support further global expansion ambitions

World Bank makes first step to re-engage with nuclear power since 1965

Electricity demand in developing countries is expected to more than double by 2035

UAE fuel prices for July 2025 reveal increases in petrol and diesel rates

Super 98 petrol will now cost AED2.70 per litre, increasing from AED2.58 in June

Crude oil prices fall 0.19 percent above $67.6 as Middle East tensions ease, OPEC+ plans increase

The market has largely eliminated the geopolitical risk premium after the ceasefire announcement

DoH – Abu Dhabi launches strategic U.S. tour to expand healthcare collaboration

The delegation will visit key innovation hubs in Boston, Washington, D.C., and Philadelphia, coinciding with Abu Dhabi’s participation in the BIO International Convention 2025

Abu Dhabi’s Cyber Security Council, DoH strengthen healthcare cybersecurity with comprehensive drill

Simulated cyberattacks enhance readiness and response capabilities across Abu Dhabi's healthcare sector professionals

Dubai’s path to global healthcare leadership

A vision rooted in innovation and inclusion

Mubadala Bio launched to advance local drug manufacturing, foster innovation in life sciences

The cumulative manufacturing capacity of Mubadala Bio's facilities exceeds 2.5 billion tablets and capsules

Oracle Health, Cleveland Clinic, and G42 launch AI-based healthcare platform to enhance patient care

The platform will leverage AI and analytics to create secure, scalable, and accessible care models.

Neuralink launches UAE-PRIME, first Middle East clinical trial in Abu Dhabi

UAE-PRIME clinical trial aims to explore how individuals with motor and speech impairment can use thought to control devices and communicate

Industry

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Dubai Chamber explores global expansion opportunities for local companies in Armenia, Georgia, Malaysia, and Cambodia

Dubai Chamber contributes to enhancing the competitiveness of the private sector and accelerating the growth of the emirate’s non-oil foreign trade

Jordan’s economic growth outpaces forecasts as IMF releases new funds

Jordan continues to make progress with a gradual fiscal consolidation and strengthening fiscal sustainability

The one who holds on to everything ends up losing everything

Letting go of what weighs you down is often the first step toward real growth

The unseen lifeline: How travel insurance is adapting to a world in flux

The wise traveler will view their insurance policy not as an all-encompassing shield, but as one vital layer of protection in an unpredictable world

Saudi Arabia launches second set of standard incentives for industrial sector to attract investments, accelerate growth

This incentive program is designed to enable the domestic production of goods that are not yet manufactured in Saudi Arabia

Abu Dhabi enhances infrastructure governance with new ADPIC – arbitrateAD agreement

The MoU marks a significant step in the efforts to integrate global best practices into the way Abu Dhabi delivers its infrastructure ambitions

Logistics

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Amazon UAE and 7X join forces to accelerate sustainable last-mile delivery

The initiative is designed to address the rising demand for rapid access to everyday essentials such as groceries, personal care items, electronics, and household goods

Dubai completes region’s first Joby Aerial Taxi test flight, says Sheikh Hamdan

The first commercial aerial taxi flights are scheduled for 2026, with station operations launching near DXB

Dubai RTA launches Al Safa Street improvement project reducing travel time to 3 minutes

Construction includes two bridges and two tunnels, enhancing road capacity and traffic flow

UAE, China launch integrated service center to spur $400 billion China-Arab trade

A total of 40 projects were signed during the China-Arab Business Forum, with a total value of $5.93 billion

RTA partners with National Paints to rename metro station in Jebel Ali

National Paints’ investment underscores the value of transit media in shaping consumer engagement

DXB to serve over 3.4 million guests in 13 days as summer surge kicks off

Daily volumes are forecast to average over 265,000, with the busiest day on July 5 for both departures and transfer traffic

Crude oil prices fall 0.19 percent above $67.6 as Middle East tensions ease, OPEC+ plans increase

The market has largely eliminated the geopolitical risk premium after the ceasefire announcement

Dubai 24-carat gold price today hits AED394.50, global rates rise 0.14 percent following U.S.-China deal

Investors await Federal Reserve comments for future direction amid fluctuating gold prices

Oil prices rise 0.33 percent to $67.9 as dip in U.S. crude stocks signals strong demand

Crude inventories dipped 5.8 million barrels, the EIA said, exceeding analysts' expectations for a 797,000-barrel decline

Dubai gold prices rise to AED402.75 as global rates gain 0.17 percent on weaker dollar

The U.S. dollar fell to its lowest level since March 2022, making gold less expensive for holders of other currencies

Stock market today: Asian shares rise, dollar hovers near four-year low amid Mideast ceasefire

In the Asian stock market, Japan’s Nikkei rose 0.3 percent and Taiwan’s benchmark climbed 1.09 percent

Crude oil prices surge over 1 percent to above $67 amid Middle East stability

Concerns rise over the Strait of Hormuz, through which nearly a fifth of global oil flows

Miscellaneous

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MasterMind Awards 2025: Dubai hosts prestigious celebration of leadership and innovation

The event celebrated excellence across industries, reaffirming the UAE’s dedication to innovation, leadership empowerment, and global progress

Saudi Arabia climbs 14 spots to rank 13th in global intellectual property rights enforcement

The Saudi Authority for Intellectual Property led efforts to enhance the IPR enforcement ecosystem.

Sheikh Hamdan announces World Sports Summit in Dubai from December 29-30

Key discussions will focus on enhancing performance of national teams and sports clubs worldwide 

Dubai Police AI traffic fines: Key violations and penalties every driver should know

Dubai's AI systems have achieved a remarkable 90 percent reduction in road fatalities since 2007 

Dubai’s Sheikh Mohammed wishes Arab and Islamic nations hope, prosperity for Hijri New Year 1447

“We pray to Allah that this year brings goodness, blessings, and prosperity to all,” H.H. stated.

77 percent of MENA content creators believe GCC is leading transformation in tourism, entertainment industry: Report

Almost half of the region's creators are positive about the use of AI, up from just 29 percent last year

Real Estate

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Grade A warehouse demand grows as Saudi Arabia transforms into global logistics hub

Kingdom's dynamic environment attracts significant capital from global institutional investors, who are moving away from Grade B/C warehouses

Dubai South launches 10-million-square-foot luxury community ‘Hayat’ with 2,500 residential units

The first phase of Hayat by Dubai South Properties is expected to be completed in Q2 2028

Emaar Properties emerges as fastest-growing real estate brand, ROSHN Group debuts as major player: Brand Finance

Chinese real estate brands retains leadership globally, but signs of waning influence are emerging 

Qatar’s real estate trading volume surges over $131.9 million in one week on increased demand

Key municipalities driving sales included Doha, Al Rayyan, and Al Wakrah, among others 

UAE real estate: How migration is driving economic growth, boosting demand

The influx of expatriates significantly boosts the UAE’s GDP, labor market, and real estate sectors

UAE construction market set to surpass $52.7 billion by 2030: Report

The sector is driven by government investments, economic diversification, and a growing population 

Accelerating green ICT transformation in ME & Africa: Paving the way for a sustainable digital future

Event gathered experts to tackle critical discussions on ICT energy infrastructure upgrades

Etisalat data balance check in 2025: Master your data management with this step-by-step guide, pro tips

Understanding your data balance helps prevent unexpected charges and ensures connectivity

e& introduces new parental control service to enhance online safety for families

Parents can now seamlessly block unwanted applications with a single click, creating a safer digital environment for their children

stc Group expands Saudi Arabia’s 5G network to over 9,500 sites, enhances connectivity during 1446 AH Hajj season

stc became the region's first operator to commercially launch services using low-band spectrum

Japan breaks world internet speed records with 1.02 million GB per second data transfer over 1,118 miles

Breakthrough establishes the groundwork for future data transmission demands in AI and IoT 

stc Group successfully supports over 1.6 million pilgrims with advanced digital solutions during 1446 Hajj season

In Mina, AI-based predictive analytics optimized load distribution, boosting data traffic by over 30 percent