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S&P Affirms Ras Al Khaimah’s Credit Rating at “A/A-1” with a Stable Outlook
The global credit rating agency "Standard & Poor's" has affirmed the sovereign credit rating of Ras Al Khaimah at the level of "A/A-1" with a stable outlook. The agency anticipates a robust economic stability within the emirate over the...
Al-Mal Capital REIT Distributes 3.75 Fils Per Unit as Dividends for the Second Half of 2025
The Al Mal Capital REIT, the first listed real estate investment trust on the Dubai Financial Market and regulated by the UAE's Securities and Commodities Authority, announced today the distribution of final dividends amounting to 3.75 fils per unit...
Majid Al Futtaim Reports 3.6 Billion Dirhams in Profit with 41% Growth in 2025, Revenues Surpassing 35.9 Billion Dirhams
The Majid Al Futtaim Group reported consolidated revenues of AED 35.9 billion, reflecting a year-on-year increase of 6%. The earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 10% to AED 5.1 billion, marking the first time the...
35 UAE Companies Lead the Forbes Middle East 2026 Rankings
The United Arab Emirates has topped Forbes Middle East's list of "The 100 Largest Public Companies by Market Capitalization in the Region for 2026," boasting a total of 35 Emirati firms. This is followed closely by Saudi Arabia with...
World Champion Boxer Francis Ngannou Acquires Luxury Apartment in Palm Jumeirah for 92.5 Million Dirhams
A luxurious five-bedroom property within the Armani Beach Residences at Palm Jumeirah has been sold for 92.5 million AED to professional Cameroonian boxer and former UFC heavyweight champion, Francis Ngannou.This transaction emphasizes the growing interest among investors in luxury...
Aramex Launches Its Regional Healthcare Center in Dubai South
Aramex has announced the launch of its specialized regional center for healthcare and pharmaceutical sectors within the Dubai South free zone, marking an expansion of the company's capabilities in the rapidly growing life sciences and medical supply chain industry.This...
Dubai Airports Advises Travelers Not to Head to the Airport Without Communication
Dubai Airports has advised travelers not to head to Dubai International Airport unless they receive direct communication from their airline confirming their flight's departure time, as schedules remain subject to change.
Travelers are encouraged to keep in touch with their...
Virtual Reality Market in the UAE to Reach 1.6 Billion Dirhams by 2030
The virtual reality market in the UAE is anticipated to experience significant growth in the upcoming years, driven by an increased adoption of virtual and augmented reality technologies across various sectors. The real estate sector, in particular, is undergoing...
A Subsidiary of Amanat Finalizes Acquisition of Skoon
The Cambridge Health Group, a subsidiary of Amanat Holdings, has announced the completion of its acquisition of the remaining minority stake in Sukoon Global Holding, thereby increasing its ownership to 100% of the company's issued share capital.In a statement,...
UAE Achieves 95% of Banking Transactions Through Digital Channels
The average share of digital banking transactions in banks operating in the UAE has reached approximately 95% of total transactions, as reported in the annual statements of local banks. This significant shift highlights the growing importance of digital banking...