In a notable trend within the UAE real estate sector, waterfront properties in Abu Dhabi have emerged as the highest-performing category according to recent insights from Vertex Holdings. The chairman of the company highlighted that a combination of economic diversification efforts, enhanced regulatory frameworks, and a constricted supply of high-quality seaside properties has made this...
The tape storage market in the Middle East and Africa is on track for significant growth, with projections indicating an increase from $420 million in 2026 to nearly $1 billion by 2034, reflecting a compound annual growth rate (CAGR) of 11.1%. This upward trend is indicative of a growing reliance on efficient data storage solutions...
The hospitality sector in the UAE has received a significant boost with the announcement of a $1.3 billion JW Marriott project in Ras Al Khaimah, unveiled by prominent developer Bhupender Patel. This ambitious initiative aims to establish a world-class resort that will cater to the growing demand for luxury accommodations in the region. The project...
The hospitality sector in the UAE has received a significant boost with the announcement of a $1.3 billion JW Marriott project in Ras Al Khaimah, unveiled by prominent developer Bhupender Patel. This ambitious initiative aims to establish a world-class resort that will cater to the growing demand for luxury accommodations in the region. The project...
Lionel Messi and Cristiano Ronaldo, two of football’s greatest icons, are shifting their focus beyond the pitch by investing in technology startups, particularly in AI and health tech. Both players aim to diversify their revenue streams and prepare for life after professional football, reflecting a broader trend among athletes who are increasingly looking at the...
AM Best, a global credit rating agency, has reaffirmed the high credit ratings of Orient Insurance PJSC and its key subsidiaries, Orient Insurance Company – Egypt and Orient Takaful PJSC. The agency assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a+” (Excellent) to these entities, noting a stable...
The UAE’s economy continues to show remarkable growth and stability despite facing various global and regional challenges, according to Saeed Al Hajeri, Minister of State at the UAE Ministry of Foreign Affairs. Al Hajeri emphasized that the fundamental strengths of the UAE economy—robust historical foundations, enhanced global connectivity, and agility in adapting to market changes—are...
Recent weeks have seen significant delays in bank transfers from Saudi Arabia to the UAE, creating uncertainty for businesses and individuals engaged in transactions between the two leading economies in the Arab world. These unusual delays are particularly alarming for companies that rely on swift financial operations, posing risks to their cash flow and overall...
Ajman Bank has announced the successful pricing of its inaugural USD 300 million Additional Tier 1 (AT1) Perpetual Sukuk, featuring a profit rate of 6.500%. This significant financial instrument, which is structured as Non-Call for 5.5 years, demonstrates Ajman Bank’s strategic move to enhance its capital base, ensuring it meets regulatory requirements while also appealing...
According to a recent report from the United Nations Conference on Trade and Development (UNCTAD), the United Arab Emirates is set to rank as one of the top ten recipients of foreign direct investment (FDI) by the year 2025. This projection not only highlights the UAE’s growing appeal as a global investment hub but also...