investment

UAE emerges as region’s top startup hub with over 5,600 registrations in Q2 2024

UAE leads the region in the fintech startup sector, with over 550 companies currently operating in this field

Sheikh Hamdan approves master plan for Saih Al Salam Scenic Route, rural development projects

Dubai's rural areas and countryside development portfolio includes 37 projects and initiatives, with a cost of around $106.18 million

Key trends shaping Abu Dhabi’s property market in Q3 2024

Al Reef, Al Ghadeer, and Masdar City emerged as key locations among those looking to purchase affordable apartments in Abu Dhabi

Dubai real estate trends: Most popular areas to buy and rent property in Q3 2024

Dubai recorded an 11.19 percent increase in total sales transaction volume compared to Q2 2024

Sharjah Islamic Bank profit before tax up 29 percent to $270.1 million for nine months ending September

The bank is diversifying its financing portfolio, with total customer financing at AED36.6 billion

U.S.-UAE Business Council delegation visits Ras Al Khaimah to discuss growing trade, cooperation

Meeting explored ways to further strengthen cooperation and strategic partnerships across key sectors

Oman’s OQEP raises $2 billion in IPO

Global institutional support in the Category I offering exceeded OMR1.0 billion (excluding anchors)

ADNH Catering raises $235.2 million in IPO

ADNH Catering offered 900 million shares, or 40 percent of its capital 

Sheikh Maktoum seeks stronger ties across key sectors at GCC-European Union Summit

In 2023, the EU became the second-largest trading partner of the GCC region, with total trade reaching €170 billion

Nakheel awards $1.36 billion in contracts for luxury villa construction on Palm Jebel Ali

Luxury villas feature expansive built-up areas ranging from 8,000 to 15,000 square feet

ADQ, Bank Audi sign definitive agreement to acquire 96 percent of Odea Bank

This move would accelerate Odeabank’s growth and drive tech advancements in financial services