The major banks in the UAE are expected to achieve high single-digit loan growth in the second quarter, as analysts suggest that the ongoing Iran-Israel conflict is unlikely to dampen borrowing demand. This optimistic outlook comes as increased lending is anticipated to offset slightly lower net interest margins, which, in turn, should satisfy equity investors...
Sharjah Islamic Bank (SIB) has launched its annual blood donation initiative in collaboration with the Sharjah Blood Transfusion and Research Centre. This campaign featured a mobile donation unit situated in the front parking lot of the bank’s main branch in the Al Taawun area of Sharjah. The initiative is part of a broader strategy by...
Dubai International Airport (DXB) is gearing up for a significant increase in passenger traffic, expecting over three million four hundred thousand travelers between June 27 and July 9, 2025. This surge is attributed to peak holiday travel, making this period one of the busiest in recent years. Daily traffic is projected to exceed two hundred...
Dubai’s Roads and Transport Authority (RTA) has announced two-month traffic diversions affecting Sheikh Mohammed bin Zayed Road, Emirates Road, and the Dubai–Al Ain Road. These changes are necessary to facilitate rainwater and groundwater drainage works and are expected to last from June 28, 2025, through the end of summer. Motorists are encouraged to plan their...
ADR Therapeutics, a subsidiary of Tokyo-based Cytori Cell Research Institute, Inc., has signed a Letter of Intent to collaborate with the King Abdullah International Medical Research Center on a joint clinical trial for a “90-minute complete stem cell therapy.” This partnership aims to foster medical innovation in the Middle East and offer new hope to...
Air Arabia, the first low-cost airline in the Middle East and North Africa, has launched its inaugural direct flights to Sochi, Russia, operating six flights per week. This new destination becomes the sixth Russian city added to the airline’s network from Sharjah, joining Moscow, Kazan, Samara, Ufa, and Yekaterinburg, thereby enhancing the airline’s growing presence...
The Khalifa Economic Zones in Abu Dhabi, known as KEZAD, have announced the signing of a land lease agreement to establish a new warehouse valued at AED 50 million. This collaboration involves StockSpace and Axione Development, aiming to enhance logistics and storage capabilities in the region. This development is part of KEZAD’s broader strategy to...
SOUEAST has launched its expansion into the Middle East by establishing its Saudi Arabian subsidiary and unveiling a new brand strategy. At the “EASE YOUR LIFE” event held in Riyadh, the company introduced three new S-series models: the S09, S07, and S06. This significant step is aimed at providing customers in the Middle East with...
Saudi Arabia has called on investors to seize the opportunity presented by its significant mineral wealth in the southwestern region, following geological surveys that have uncovered new deposits in substantial quantities. The authorities have revised the untapped mineral wealth of the Najran province upward by approximately 56 percent. According to Abdullah Al-Ahmari, an assistant to...
Dubai’s Executive Council has approved a significant package of initiatives designed to transform the emirate into one of the top 10 global cities for students by the year 2033. These initiatives aim to expand the presence of international universities, reform the student visa system, enhance career guidance, and elevate Dubai’s status as a hub for...