Absa opens Dubai office
South Africa’s Absa Group plans to launch a Dubai office in early 2026 to support growing trade between the Middle East and Africa and serve clients investing in African infrastructure.
Paul Hastings Opens Abu Dhabi Office
US law firm Paul Hastings opens new Abu Dhabi office led by Dean Eshanov and George Kazakov to serve as a regional hub for cross-border energy, infrastructure, and investment deals.
Cerebras Notifies CFIUS of Partnership with G42 Ahead of IPO
Cerebras Systems secures CFIUS approval by limiting G42 to non-voting shares, easing national security concerns ahead of its $1 billion IPO and challenge to Nvidia’s AI dominance.
UAE signs five new trade agreements in 2025
The UAE signed trade agreements with Malaysia, New Zealand, Kenya, Ukraine and the Central African Republic under its CEPA strategy, boosting diversification and cementing its role as a global trade hub.
Alpha MBM and Uganda to build oil refinery
Uganda partners with Dubai’s Alpha MBM to develop a 60,000 bpd oil refinery, signaling a major step in its hydrocarbon ambitions with a $4 billion investment, storage terminal, and pipeline project.
UAE fund RedBird IMI sells The Telegraph newspaper
RedBird IMI faces political backlash in the UK for failing to sell The Telegraph as promised, while pursuing new deals like ITV Studios amid growing concerns over foreign influence in British media.
UAE gold hits record high
As geopolitical tensions rise and Trump announces sweeping tariffs, UAE gold prices soar to $3,080.76 per ounce, reinforcing gold’s role as a safe-haven asset amid market volatility.
Abu Dhabi Commercial Bank PJSC to sell troubled loans
Abu Dhabi Commercial Bank plans new sale of troubled loans amid regional debt cleanup
Abu Dhabi to be first city to operate flying taxis
Abu Dhabi becomes first city in the region to deploy flying taxis. ADA partners with Archer Aviation to launch Midnight eVTOL aircraft, revolutionizing urban travel.
UAE strengthens position in global sukuk market
Sukuk from Emaar and Aldar attract global investors as UAE real estate surges. With high yields and Sharia compliance, Dubai and Abu Dhabi become key sukuk hubs.