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Neoterra Lays Foundation for Elmore in Jumeirah Garden City with a Budget of 130 Million Dirhams
Neotera Real Estate Development, based in Dubai and focused on residential community projects, has announced the groundbreaking of its new venture, "Elmora," located in Jumeirah Garden City. The project is slated for completion and handover in February 2028. Additionally,...
Dubai Investments Lays Foundation Stone for the Al Vista Project in the Meydan Area
Dubai Investments, listed on the Dubai Financial Market (DFM), has officially laid the foundation stone for its mixed-use development project, "Al Vista," located in the Meydan Horizon area of Dubai.The ceremony was attended by Khaled bin Kalban, Vice Chairman...
11.84 Million Dirhams in “Individual Sukuk” Transactions
The United Arab Emirates continues to strengthen its leadership in developing innovative investment tools, as evidenced by the "Individual Sukuk" initiative launched by the Ministry of Finance in November 2025. This initiative has been yielding significant results, highlighting the...
Moody’s Affirms Ras Al Khaimah National’s Baa1 Rating with a Positive Outlook
Moody's Investors Service has affirmed the ratings of Ras Al Khaimah National Bank, maintaining a positive outlook following its periodic review conducted on March 18, 2026. This decision highlights the bank's consistent financial performance and its capacity for sustainable...
Emirates Islamic Completes a Joint Facilitation of 500 Million Dollars to Support Goods Financing
Emirates Islamic, a prominent Islamic financial institution in the UAE, has successfully completed a joint facility for commodity financing based on the Murabaha principle, amounting to $500 million over five years. This transaction marks a significant milestone, highlighting Emirates...
Approves Distribution of Record 2.9 Billion Dirhams in Profits for 2025
The telecommunications and digital services company "Du" held its annual general assembly at its headquarters in Dubai Hills.During the meeting, shareholders approved the financial results for the year ending December 31, 2025, and endorsed the board's recommendation to distribute...
Dubai Introduces Comprehensive Regulatory Framework for Trading Virtual Asset Derivatives
The Dubai Virtual Assets Regulatory Authority (VARA) has introduced a comprehensive regulatory framework governing exchange-traded derivatives in the virtual assets sector. This initiative highlights Dubai's proactive stance in establishing laws related to virtual assets and formulating enforceable rules tailored...
Emirates NBD Concludes Global Funding of $2.25 Billion
Emirates NBD, a leading banking group in the Middle East, North Africa, and Turkey, has successfully completed a long-term financing deal valued at $2.25 billion.This transaction features a sustainability-linked syndicated term loan of $1.75 billion for a duration of...
International Burooj: A New Emirati Giant Reshaping the Global Chemical Industry
XRG, the international investment arm of the energy sector owned by ADNOC, along with OMV Aktiengesellschaft (OMV), has successfully established International Borealis AG, which will operate under the trade name International Borealis. This company is set to become a...
Dubai Ranks Sixth Globally in Smart Cities Index 2026
The United Arab Emirates has achieved a significant milestone in the latest Smart City Index 2026 report released by the IMD World Competitiveness Center. Dubai has secured the sixth position globally, while the capital, Abu Dhabi, ranks tenth. This...