Global South Utilities (GSU), a company based in Abu Dhabi, has officially opened a significant solar power facility in the Central African Republic with a capacity of 50 megawatts. This marks a pivotal moment in the nation’s development, as it represents the largest infrastructure project in the country’s history, aimed at dramatically enhancing the national electricity generation capability by over...
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UAE Hotels Experience Significant Decline in Revenue and Occupancy
Recent data from JLL revealed that the revenue per available room (RevPAR) in UAE hotels has decreased by 31.8% year-to-date through June 2026. This decline comes as the hospitality sector faces a slew of challenges, primarily driven by heightened regional tensions and a notable drop in international visitor numbers. The findings underscore the ongoing struggles of the hotel industry, particularly...
UAE Stock Markets Gain Amid Anticipation of US Inflation Data
UAE stock markets showed a slight increase as investors closely monitored the impending release of July’s consumer price index (CPI) data from the United States. Both Abu Dhabi and Dubai’s indices reported modest gains, reflecting a sense of cautious optimism in the markets. The anticipation surrounding the US inflation figures stems from their potential impact on the Federal Reserve’s monetary...
Mubadala Increases Stake in Aldar Properties to Strengthen Investment
Mubadala Investment Company, the Abu Dhabi-based sovereign wealth fund, has recently augmented its position in Aldar Properties, a prominent real estate developer in the emirate. The fund has increased its ownership by 1%, reflecting a strategic move amidst the booming property market in the region. This decision underscores Mubadala’s commitment to investing in real estate, particularly as Aldar continues to...
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IGIC Reports Resilience Amid $39 Million War Losses in Q2 2026
In the latest earnings call for the second quarter of 2026, International General Insurance Company (IGIC) announced a notable impact...
71% of UAE Firms Embrace Innovative Crisis Management Strategies
The recent study by The PR Academy MENA highlights a significant trend among organizations in the UAE, with 71% prioritizing...
Adnoc L&S Reports Record 303% Profit Surge in Q2 2023
The second quarter of 2023 has seen a remarkable financial performance from Adnoc Logistics & Services (Adnoc L&S), as the...
UAE Job Market Shows Strong Recovery Signals in 2026
The job market in the UAE is demonstrating significant recovery signals in 2026, according to data released by LinkedIn. This...
UAE-BRICS Non-Oil Trade Surpasses $312 Billion Mark
The United Arab Emirates (UAE) continues to bolster its economic ties with the BRICS nations as non-oil trade between them...
Dubai Chambers Strengthens Ties with Chinese Business in 2026 Forum
Dubai Chambers is taking significant steps to enhance its partnerships with the Chinese business community by organizing the Dubai Business...
Zimbabwe and UAE Aim to Enhance US$7 Billion Trade Relations
Zimbabwe and the United Arab Emirates (UAE) are taking significant steps to further strengthen their already burgeoning trade relationship, which...
Zimbabwe and UAE Aim to Enhance US$7 Billion Trade Relations
Zimbabwe and the United Arab Emirates (UAE) are taking significant steps to further strengthen their already burgeoning trade relationship, which...
Strengthening Trade Ties: India, UAE, and Indonesia Meet
Indian Union Minister of Commerce and Industry, Piyush Goyal, recently engaged in discussions with trade ministers from both the UAE...
Strengthening Ties: India’s Goyal Meets UAE and Indonesia Ministers
In a significant step towards bolstering international trade relations, Indian Union Commerce and Industry Minister Piyush Goyal recently engaged with...
Lessons from Saudi Arabia’s Vision 2030 for Emerging Economies
Saudi Arabia’s Vision 2030 is a transformative strategy that serves as a guide for emerging economies looking to reshape their...
General Holdings Introduces GH Insights: A New Era for Market Analysis
General Holdings Limited has officially launched GH Insights, an innovative institutional essay platform aimed at delivering in-depth analysis of capital...
STARTRADER and Trustpilot Explore Consolidation of Review Profiles
STARTRADER, a prominent player in the financial services sector, is currently engaging in talks with Trustpilot regarding the potential consolidation...
UAE and Syria Strengthen Economic Ties Through Investment Initiatives
In a noteworthy development, representatives from the United Arab Emirates (UAE) and Syria have convened in Dubai to discuss enhancing...
ADNOC’s XRG Reports Strong Q2 2026 Earnings in Chemicals Sector
ADNOC’s XRG has reported resilient earnings for the second quarter of 2026, highlighting the strong performance from its chemical subsidiaries,...
The Role of Trust in Shaping Future AI Companies
As the landscape of artificial intelligence continues to evolve, it becomes increasingly clear that the foundational element of trust will...