Malakai Rashid

Journalist

All publications by author

French energy company Engie seeks to enter UAE renewable energy markets

Engie seeks entry into UAE and Saudi renewable energy markets, competing for major solar and wind projects as part of its strategy to expand clean energy investments.

Dubai property price growth to slow in 2025

Dubai home prices are expected to rise by 8% in 2025, down from 20% last year, as developers grow cautious and affordability challenges impact market demand.

UAE to reopen embassy in Lebanon

A UAE delegation is in Beirut to finalize the reopening of its embassy, signaling renewed diplomatic ties and support for Lebanon’s stability and development.

Abu Dhabi’s ADQ plans to launch takeover bid for Aramex

ADQ’s Q Logistics Holding plans to acquire full control of Aramex with a $1.2 billion offer, aiming to strengthen its logistics portfolio amid strategic transformation plans.

Dubai skyscrapers to be connected by rooftop pool

Dubai’s upcoming Regent Residences will include twin 591-foot towers connected by a private sky pool, part of an ultra-luxury penthouse in Marasi Marina.

UAE billionaire sees more investment from Gulf

Dubai-based billionaire Hussein Sajwani plans a $20 billion investment in US data centers, citing Trump’s pro-business policies as a key factor driving more Gulf investments in AI and real estate.

Two Hong Kong hedge funds expand Dubai operations

Welwing Capital and Jetha Global join global asset managers expanding in Dubai, leveraging the UAE’s tax benefits and rising status as a key financial center.

UAE Discusses Possibility of Participating in Post-War Gaza Reconstruction

The UAE, Jordan, Saudi Arabia, Qatar, and Egypt firmly opposed Trump’s call to relocate Gazans, reaffirming their commitment to Palestinian rights and Gaza’s restoration.

First Abu Dhabi to sell bad loans to Deutsche Bank

Deutsche Bank is set to acquire First Abu Dhabi Bank’s $800 million nonperforming loan portfolio, marking a rare major distressed debt deal in the Gulf region.

UAE VC funding falls as investors shift

VC funding in the UAE dropped 8% to $613 million in 2024, reflecting a regional trend of fewer late-stage investments and increased focus on early-stage startups.

Business