DP World, a leading global logistics company, has announced a strategic equity investment in Maithri Aquatech, a firm based in Hyderabad, India. This collaboration marks a significant step towards the integration of innovative water generation technology within DP World’s extensive global operations. The investment is primarily focused on facilitating the pilot deployment of atmospheric water...
2PointZero, an investment firm based in Abu Dhabi, has successfully completed its acquisition of Traverse Energy, a US natural gas company, in a deal valued at $2.25 billion. This strategic move marks a significant step for 2PointZero, expanding its portfolio and strengthening its foothold in the North American energy sector. The acquisition not only provides...
The Indian government has introduced a significant tax exemption that will benefit certain transactions with eligible units operating within the GIFT City International Financial Services Centre (IFSC). Specifically, payments related to interest, dividends, commissions, and professional fees to these designated units will now be free from the Tax Deducted at Source (TDS) regulations. This move...
DP World is exploring the potential construction of a new port in Fujairah as a strategic initiative to reduce reliance on the Strait of Hormuz for maritime traffic. This move comes as global shipping and logistics companies seek to navigate geopolitical tensions and ensure uninterrupted trade routes in the region. The Strait of Hormuz, a...
Dubai is poised for a monumental transformation in its infrastructure landscape, as highlighted by recent insights from industry leaders in the construction and engineering sectors. The “Make it in the Emirates” initiative, coupled with advancements in artificial intelligence (AI), is set to reshape the built environment in the UAE over the next ten years. The...
In a significant shift aimed at enhancing its shipping capabilities, Dubai is set to construct a new port on the eastern coast, moving beyond the critical but vulnerable Strait of Hormuz. This initiative underscores the emirate’s proactive approach to mitigating risks associated with geopolitical tensions that have historically threatened this essential maritime route. The decision...
In June 2026, residential property prices in Dubai experienced a slight decline for the second consecutive month, according to recent data from REIDIN. This downturn marks a notable pause for buyers in what has been a rapidly appreciating market over the last few years. The cooling prices provide an intriguing shift for both potential homeowners...
Masdar, a prominent renewable energy company based in Abu Dhabi, has successfully achieved financial closure on an ambitious $6.1 billion project, which is poised to revolutionize clean energy supply. This unprecedented initiative is touted as the world’s inaugural gigascale renewable energy project aimed at delivering continuous clean power around the clock. The significant financing package...
As the Gulf region experiences intense competition among its states for attracting investment, Bahrain is charting a distinctive course under the leadership of H.E. Noor, CEO of Bahrain Economic Development Board (EDB). While neighboring countries often focus on large-scale developments and high-profile projects, Bahrain is leveraging regulatory innovation and specialized sectors to create a more...
The Ras Al Khaimah Economic Zone (RAKEZ) is actively enhancing its international business connections by hosting multiple delegation visits this year, reflecting a growing interest in the commercial landscape of Ras Al Khaimah. So far, RAKEZ has welcomed representatives from various diplomatic, governmental, and business sectors, including those from Belarus, underscoring the region’s appeal as...