Articles
Foreign investment allowed in listed property companies in Makkah and Madinah
Move is aimed at supporting capital markets and boosting kingdom’s competitiveness
Egypt secures $2bn syndicated loan from bank consortium
The loan will be used to finance country's budgetary requirements
DP World considers additional investments to expand Peru port operations
Peruvian President Dina Boluarte says the Dubai company is interested in investing more than $1 billion
Dubai allows property owners in two areas to convert to freehold
A total of 457 plots are eligible under the decision, the Dubai Land Department says
Wizz Air Abu Dhabi 'looking closely' at Syria for potential route opportunities
The ultra-low cost airline is also increasing the number of Abu Dhabi flights to Tel Aviv following the Israel-Hamas ceasefire deal
Riyadh Air launch pushed to Q3 after first Boeing 787 jet delivery delayed
Saudi carrier had originally planned to start operations in the middle of the year
Oil prices record weekly gain on China's stronger economic growth forecast
Investors are assessing the outlook for 2025 while monitoring geopolitical developments in the Middle East
Turkey cuts interest rates for first time in nearly two years
Move to bring rate down to 47.5% came amid signs of easing inflation in the country
Abu Dhabi adds 37,000 tourism jobs as visitor numbers surge
Tourism's contribution to the emirate's economy set to surge to $14.9 billion in 2024 amid economic diversification push
Mubadala acquires 80% stake in Global Medical Supply Chain and Al Ittihad Drug Store
Move is aimed at bolstering UAE's life sciences sector and drug security
Honda and Nissan agree to start merger talks
Ppotential merger, through the establishment of a joint holding company, may include the participation of Nissan's partner Mitsubishi Motors
DP World issues $100m blue bond to fund sustainable marine transport projects
Eligible initiatives include research to reduce maritime sector pollution, sustainable port developments, marine conservation, tackling waste in coastal areas and improving water quality
Dubai's RTA awards $5.6 billion contract to build Metro Blue Line
Turkish and Chinese consortium awarded contract, with line due to start running on September 9, 2029
Syria will be an 'opportunity' for airlines once it stabilises, aviation agency says
Global airlines are 'monitoring very closely' the developments in Syria but 'still too early' to assess the situation, according to Iata chief Willie Walsh
Middle East airlines make $23 profit per passenger in 2024
Gulf airlines 'largely unaffected' by Gaza war escalation, but growth targets in 2025 will be hit by delayed jet deliveries and engine shortages, Iata says
