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First Abu Dhabi Bank (FAB) reports Dhs17.1bn net profit for 2024

FAB reports Dhs17.1bn in net profit for 2024

FAB’s capital and liquidity positions remained strong, with a common equity tier 1 (CET1) ratio of 13.7 per cent and a liquidity coverage ratio (LCR) of 142 per cent

DO Boutique Hotels: ONE Development, Amr Diab introduce first musical boutique hotel

ONE Development, Amr Diab introduce musical boutique hotel

The unique DO hotel Integrates AI, music and wellness

UAE foreign trade hits Dhs3tn milestone image-WAM

New record: UAE foreign trade hits Dhs3tn milestone in 2024

While global trade grew by only 2 per cent in 2024, the UAE’s foreign trade expanded at a remarkable 14.6 per cent, outpacing the global average by seven times

UAE: Dubai Duty Free introduces new way to shop

The shoppers would have an option for a preferred alternative to existing payment methods

Dubai real estate sales in January totalled AED 44.4 billion, a 24.1% increase in value on the same month last year.

Dubai: Property sales hit Dhs44.4bn in Jan

Land sales show the biggest increase, as 14,236 overall transactions underline city as prime destination for property investment

Nestlé, Dubai AI Campus to develop AI tool to drive product innovation

Nestlé, Dubai AI Campus to develop AI tool to drive F&B innovation

The partnership with Dubai AI Campus aims to anticipate consumer trends and shape the future of the food and beverage industry

UAE VAT: A forward-looking tax system for a forward-looking economy

UAE approves these major strategies, policies

The approvals were made during the UAE Cabinet’s meeting, held at Qasr Al Watan in Abu Dhabi

How Arada is expanding its presence in UAE’s luxury property market

Arada’s developments in Sharjah reflect its aim to create integrated communities that promote active living and meaningful connections, says group CEO Ahmed Alkhoshaibi

Saudi Arabia, UAE seen as ‘possible venues’ for Trump-Putin summit

Trump has said he will end the war in Ukraine as soon as possible and said he is ready to meet with Putin

Dubai real estate performance in 2024 image-Getty-Images

Dubai: Off-plan sales dominate 63% of residential sales in 2024

Total residential sales transactions surged by 40.3 per cent to 170,992 units in 2024, more than five times the number recorded in 2020, the report showed

Modon Holding to acquire Arena Events Group

Modon Holding to acquire Arena Events Group

Arena Events group, which operates in over 10 countries including the US, UK, and Saudi Arabia, has been a key player in some of the world’s largest sporting events

Don’t miss Gulf Business’ next real estate panel

The panel features some of the most prominent names in UAE real estate

Häcker Kitchens: Redefining cooking in Dubai for years

15 Years of Häcker Kitchens by Innerspace: Crafting Distinctive Kitchens with German Precision

Leading the evolution of high-end kitchen design in the UAE

Dubai international Chambers attracts 207 companies in 2024 Image Dubai Media office

Dubai International Chamber welcomes 207 companies in 2024

This development reflects Dubai’s role as a global business hub and the chamber’s support of its economic growth through strategic international collaborations

Ta'ziz award multi billion dirham contract to build metyhanol plant image Ta'ziz/instagram. For illustrative purposes

TA’ZIZ awards $1.7bn EPC contract for methanol plant in Abu Dhabi

Powered by clean energy, the plant will produce 1.8 mtpa of methanol and will be among the world’s most energy-efficient methanol facilities

Dubai’s Sheikh Zayed Road: What the RTA is doing to reduce traffic

These developments aim to enhance both capacity and efficiency on this critical road in Dubai

Image credit: Supachai Panyaviwat/ Getty Images

UAE: Petrol, diesel prices for February 2025 announced

From February 1, 2025, Super 98 petrol will cost Dhs2.74 a litre, up from Dhs2.61 a litre in January, while Special 95 will cost Dhs2.63 a litre

Dubai’s real estate sector sees transactions hit Dhs761bn in 2024

Revealed: Number of people who relocated to Dubai in 2024

This reinforced the ongoing increase in the demand for residential units

Abu Dhabi fund ADQ, Orion joint venture to invest $1.2bn in metals, mining

Abu Dhabi fund ADQ, Orion joint venture to invest $1.2bn in metals, mining

The venture will initially invest $1.2bn over four years in mining companies in emerging markets in Africa, Asia and Latin America

Salik variable toll rates kick in on Jan 31 2025 Getty Images

Take note: Salik variable toll rates kick in today

There will be no change to the charging method at the Al Safa North and South toll gates, and the Al Mamzar North and South toll gates

Informa launches WHX Tech to connect healthcare leaders, spur innovation

Informa launches WHX Tech to connect healthcare leaders, spur innovation

The inaugural WHX Tech event, a premier hub for digital healthcare innovation, will be held at the Dubai World Trade Centre from September 8 to 10, 2025

Dubai International Airport handles record 92 million passengers in 2024

DXB: How many passengers did Dubai airport handle in 2024?

This is an increase of around 6 per cent from 2023 levels

Based on US fed move, central bank of uae maintains base rate jan 2025-image-WAM

CBUAE maintains base rate at 4.40%; reflects US Fed move

The decision follows the US Fed’s latest move to hold rates steady, signalling a cautious approach toward further tightening amid evolving economic conditions

DAMAC Properties unveils its Riverside Views project

DAMAC Properties unveils its Riverside Views project

The project is part of the Riverside Community, the developer’s sixth master development

Health Insurance in UAE

UAE insurance: Up to 60% healthcare costs covered privately

Without private insurance, the government would bear the financial burden of healthcare costs

How M42 is redefining healthcare through AI, digital innovation

How M42 is redefining healthcare through AI, digital innovation

Dr Maaz Shaikh, VP of Product Management at M42, shares how AI is reshaping the global healthcare landscape, highlighting M42’s innovative role in this transformation

Chemist Warehouse's Priyash Paray shares insights on wellness retail trends

Chemist Warehouse’s Priyash Paray shares insights on wellness retail trends

Technology is integral to Chemist Warehouse’s strategy, enabling a seamless physical and digital retail blend, says the brand’s CEO

Lunate to acquire minority stake in ADNOC Gas Pipelines

Lunate to acquire minority stake in ADNOC Gas Pipelines

The acquisition of a stake in a premium gas pipeline infrastructure asset marks significant investment by Lunate in energy infrastructure and strengthens its real assets portfolio

Arab Health becomes WHX: A new era of global healthcare begins

Arab Health becomes WHX: A new era of global healthcare begins

WHX, the reimagined version of Arab Health, will encompass multiple healthcare events under one unified banner

PureHealth to acquire 60% stake in Greek healthcare group

UAE’s PureHealth to acquire 60% stake in Greek healthcare group

The Abu Dhabi-listed healthcare platform said the acquisition is subject to regulatory approvals, without disclosing a timeline for its completion