OMV AG sold its stake in a $20 billion natural gas concession off Abu Dhabi to Russia’s Lukoil PJSC, exiting a project once seen as helping it break free from the Kremlin’s energy orbit.
EU-UAE deal could lead to broader Gulf FTAs : ING
Carsten Brzeski, Global Head of Macro from ING Bank, joins CNBC’s Dan Murphy to discuss the EU-UAE trade talks, and the effects on the gulf region.
Fitch: Dubai property prices to drop but issuers have rating buffers
Dubai residential real estate prices will face a moderate correction in 2H25-2026 after peaking this year, Fitch Ratings says in new report. But we expect prices will not fall more than 15% with banks …
Game-Changing UAE Platforms Powering Business, Innovation & Growth
The United Arab Emirates has rapidly positioned itself as a global hub for innovation, entrepreneurship, and digital transformation. With its strategic location, progressive economic policies, and …
UAE’s Tabreed, CVC in exclusive talks to buy Multiply unit, sources say
DUBAI – Engie-backed National Central Cooling, known as Tabreed, and CVC are in exclusive talks to buy Abu Dhabi-based Multiply Group’s district cooling business in a deal expected to value the unit …
Sharjah honours four Jordanian writers in Amman Forum
Under the patronage of His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, the 22nd edition of the Sharjah Cultural Honours Forum was launched in the …
Sharjah resumes China roadshow to boost tourism recovery
The Sharjah Commerce and Tourism Development Authority (SCTDA) staged a roadshow in Shanghai, Guangzhou and Hong Kong last week to attract more visitors and encourage longer stays.
90% Traffic Fine Discount? Abu Dhabi Police Warn of Scams
Abu Dhabi Police have issued a clear warning about fake social media accounts and websites claiming to offer huge discounts—up to 90%—on traffic fines. These accounts also falsely promise cancellation …
A super cool chess and jazz night is coming to the Louvre Abu Dhabi
Tucked away in the heart of Louvre Abu Dhabi (yes, that Louvre), Marta is hosting the final Chess Night of the season and it’s shaping up to be the most sophisticated soirée in the capital. Think: …
Exclusive: UAE’s Tabreed, CVC in exclusive talks to buy Multiply unit, sources say
Engie-backed National Central Cooling , known as Tabreed, and CVC are in exclusive talks to buy Abu Dhabi-based Multiply Group’s district cooling business in a deal expected to value the unit at more …
Passengers left roasting on Dubai runway as ‘baking’ British Airways plane malfunctioned
Passengers on a British Airways flight were left sweltering inside the cabin for two hours after the air conditioning failed before takeoff in Dubai. Flight BA104 was set to fly seven hours from Dubai …
Dubai: New mall opens in Al Khawaneej with latest Union Coop
Union Coop has officially inaugurated its latest project, ‘Al Khawaneej Mall’ in Al Khawaneej 2, Dubai. Spread over approximately 70,000 sqft, the new mall features a hypermarket, a diverse range of …
Apparel Group celebrates the grand reopening of ALDO’s flagship store at Dubai Mall
The reopening marks a strategic milestone in Apparel Group’s continued investment in brand elevation and experiential retail …
Prospect and Mulk Properties officially launch The LX – AED350mln Premium Commercial Development in Arjan, Dubai
Dubai, UAE – In a strategic move to address Dubai’s growing demand for premium commercial spaces, Prospect, in partnership with Mulk Properties, has officially launched The LX – a landmark AED 350 …
Dubai Investments marks three decades of progress, contributing to the making of the modern UAE
As the Group marks its 30th anniversary this year, it does so not with fanfare, but with a sense of purpose for three decades the company’s journey is as much about impact …
Abu Dhabi data centre industry power investments to top $10bn
Abu Dhabi National Energy Company (TAQA) is poised to significantly bolster the emirate’s burgeoning data and artificial intelligence hub, with its CEO and Managing Director announcing that total …
Dubai Land Department unveils first-of-its-kind Property Token Ownership Certificate
The first project launched under the Real Estate Tokenization Initiative attracted 224 investors, 70% of whom entered Dubai’s real estate market for the first time …