Modon has made headlines in the UAE real estate sector with the unveiling of Hudayriyat Golf Estates, a premier residential development on Hudayriyat Island, Abu Dhabi. In a remarkable feat, the project has seen over AED 13 billion (approximately USD 3.54 billion) in sales within just days of its launch, setting a new record for...
Standard Chartered has expressed optimism regarding the business landscape in the UAE, predicting a notable increase in activity for the third quarter of 2026. The bank’s analysts emphasize that the anticipated growth is largely driven by consistent development in the non-oil sector and a slow but steady rebound in external demand, marking a positive trajectory...
Abu Dhabi National Oil Company (Adnoc) has solidified a new 15-year agreement with Japan’s Inpex, focusing on the supply of liquefied natural gas (LNG) from its Ruwais facility. This announcement underscores Adnoc’s strategic push to expand its global footprint in the energy market, coming in the wake of the recent launch of a joint global...
The commercial real estate market in the UAE continues to thrive amidst regional uncertainties, showcasing an unprecedented demand for office space. Major cities like Dubai and Abu Dhabi are witnessing a surge in rental rates and an influx of new development projects, solidifying their status as key global business hubs. Recent reports indicate that the...
Dar Global, the international real estate branch of Saudi Arabia’s renowned developer Dar Al Arkan, has announced its strategic intention to target distressed residential properties in key areas of central London. This pursuit comes in light of mounting refinancing challenges, increased debt burdens, and the fallout from numerous unsuccessful project completions, particularly in affluent districts...
In a recent development, Canada has communicated to the United Arab Emirates that it is currently unprepared to initiate its proposed C$70 billion investment. This announcement underscores a significant setback for financial ambitions outlined by Canadian finance executive Mark Carney, who had been advocating for the goal of doubling trade with countries beyond the United...
During a recent meeting held in New Delhi, Piyush Goyal, the Union Minister of Commerce and Industry, engaged with Abdulnasser Alshaali, the UAE Ambassador to India. The discussions focused on enhancing the bilateral partnership between India and the UAE, highlighting the ongoing commitment of both nations to bolster economic ties. This meeting is part of...
Global investors are showcasing renewed confidence in the Gulf region, even amidst ongoing regional tensions. Recent studies and analyses from banks indicate a robust economic landscape characterized by resilient growth, increasing trade activities, and strong economic momentum across the Gulf Cooperation Council (GCC) countries. This optimism is reflected in a surge in equity flows, suggesting...
The LAMEA (Latin America, Middle East, and Africa) bakery ingredients market is anticipated to show remarkable growth, expanding from $1.20 billion in 2026 to an estimated $2.06 billion by 2034. This increase signifies a compound annual growth rate (CAGR) of 7% during the forecast period, indicating strong demand for bakery products across the region. This...
The United Arab Emirates (UAE) has ramped up its crude oil production to approximately 3.8 million barrels per day (bpd) in June, marking a significant increase following its withdrawal from OPEC. This production surge is notably driven by heightened demand from Chinese buyers, as reported by multiple sources familiar with production data. As the UAE...