The company confirmed it has fully utilized IPO proceeds allocated for international expansion by investing AED 1,20,06,140 (Rs 313.84 million) in Genesis Group Limited. The investment was executed …
Dubai Is Still Shopping. What Does That Look Like?
As war in the Middle East continues, Dubai’s tourist traffic has grinded to a halt. Residents’ shopping habits reveal a more complex and resilient reality on the ground.
Kuwaiti VLCC on fire after attack off Dubai
VLCC Al-Salmi has struck while anchored offshore Dubai Port causing a fire that was later extinguished. Kuwait Petroleum Corp (KPC) said that the Kuwat-flagged, 319,660 dwt, 2011-built, Al-Salmi was …
Serhii Zakharov honored for leadership in digital payments at FinTech Week Dubai 2026
Serhii Zakharov was awarded the Excellence in Financial Leadership Award – Digital Payments Innovation at the FinTech …
Apple reopens all its retail stores across the UAE
Apple has reopened all its retail stores across the UAE following a temporary closure. These outlets have now returned to regular operating hours, welcoming customers and offering sales and technical …
Fire breaks out on oil tanker after attack offshore Dubai
A crude tanker was set ablaze offshore Dubai on Monday as attacks on ships in the Middle East resumed after a nine-day lull. According to Vanguard, the Al Salmi was struck by an unknown projectile …
Dubai rolls out Dh1 billion incentives as Middle East tensions test business confidence
Dubai has approved a set of economic and social measures, including a Dh1 billion incentives package and trade facilitation steps, aimed at supporting businesses and improving wor …
Abu Dhabi hands over 896 homes to citizens in Al Mazn project
The initiative reflects Abu Dhabi’s wider vision to empower citizens and strengthen an integrated housing ecosystem …
Dubai luxury car dealer reports 30% sales drop in March 2026
F1rst Motors in Dubai reports business down 30% as regional travel disruption cuts footfall, while ultra premium demand holds steady in UAE …
Sunset Hospitality eyes Dubai rebound in fourth quarter 2026
Sunset Hospitality expects UAE sales at about half 2025 levels through summer, with resident led venues steadying demand before Q4 recovery …
EXCLUSIVE: Primark brings forward second store launch due to high demand
The UAE’s first Primark store is maintaining strong momentum days after its highly anticipated debut, with new figures revealing sustained demand from shoppers. According to John Hadden, CEO of …
Dubai rolls out Dh1 billion stimulus amid Middle East tensions
Dubai has approved a Dh1 billion economic incentives package and other key initiatives to support businesses amid regional tensions. The measures include deferring government fees for three months, …
Dubai’s fintech appeal holds despite Gulf conflict
Digital asset firms continue to view Dubai as an essential hub for global financial innovation and growth © Walaa Alshaer/Bloomberg Fintechs are signalling a sustained commitment to the Gulf even as …
EXCLUSIVE: Primark draws 35,000 shoppers in Dubai opening weekend as sales surge past 400,000 items
According to John Hadden, CEO of Alshaya Group, more than 35,000 visitors passed through the doors of the brand’s flagship store at Dubai Mall over its opening weekend. “Thank …
Dubai-based CarniStore secures US$12.25 million investment from the UAE’s Emirates Growth Fund
UAE-based Emirates Growth Fund (EGF) has made a strategic minority investment of AED45 million (US$12.25 million) in Dubai-based premium butcher shop and smokehouse CarniStore, marking the former’s …
Dubai approves AED 1bn business support package as GDP grows 5.4%, says Sheikh Hamdan
Dubai has approved an AED 1 billion support package for its business sector, as the emirate reported strong economic growth and reaffirmed its commitment to stability and resilience, Crown Prince …
Dubai Outlet Mall keeps adding retailers
Dubai Outlet Mall has been adding to its rollcall of retailers. The latest additions to the portfolio are Baby Shop, Jashanmal, Porsche Design, Gerry Weber, Vero Moda, Jack & Jones, Charles & Keith …