Tuesday 13 May 2025

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FIRM TO OFFER RANGE OF SOLUTIONS
Saudi Arabia sets up HUMAIN to invest in AI

Saudi Arabia's Crown Prince His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud today announced the launch of HUMAIN, a company that will operate and invest across the artificial intelligence (AI) value chain.

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1

SAUDI, UAE FAMILIES DOMINATE
Al Muhaidib Group tops Forbes Arab Family Businesses list

Saudi Arabia’s Al Muhaidib Group, led by Group Chairman Sulaiman Al Muhaidib, takes the top spot in the Forbes Middle East Top 100 Arab Family Businesses 2025 list, rising rising from eighth place last year.

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2

NET PROFIT UP 27%
Emaar Properties Q1 revenue tops AED10bn, up 50%

Emaar Properties carried forward its momentum from last year into Q1 of this year and delivered a strong performance, continuing to redefine industry benchmarks and drive sustainable growth across its diversified portfolio.

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3

OPINION
Global trade complexity drives innovation in maritime solutions

The global maritime transportation industry has entered into a new era defined by rapid integration of advanced technologies and digitalisation. These changes are reshaping maritime operations, especially in navigation, communication and automation.

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4

INSIGHT
Gen Z travellers seek purpose, experiences: Wyndham study

Gen Z travellers in the UAE are redefining what it means to explore the world, placing cultural connection, personal purpose, and digital empowerment at the heart of their journeys, says a new study.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Alpha Dhabi Holding reports $4.74bn revenue for Q1

Alpha Dhabi Holding has reported a revenue of AED17.4 billion ($4.74 billion) for the quarter ending March 31, 2025, a 23 percent increase YoY, reflecting the depth of Alpha Dhabi’s diverse portfolio alongside its consistent track record of growth.

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Retail & Wholesale

Dubai Holding opens new mixed-use lifestyle hub at Nad Al Sheba

Dubai Holding Asset Management, a key player in the retail sector, has announced the official opening of Nad Al Sheba Mall, a mixed-use lifestyle destination featuring a selection of over 100 stores spanning fitness, retail, entertainment and F&B.

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Energy, Oil & Gas

Adnoc Drilling wins $806m deal for 3 island rigs

Adnoc Drilling Company has been awarded a contract for three island rigs by Adnoc Offshore for an estimated total contract value of $806 million to support expanding operations at the offshore Zakum development project.

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Finance & Capital Market

Dubai Holding launches IPO for Dubai Residential REIT

Dubai Holding, through its wholly-owned subsidiary DHAM REIT Management (the Fund Manager), today announced its intention to launch an initial public offering (IPO) for Dubai Residential REIT.

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Analysis, Interviews, Opinions
Industry, Logistics & Shipping
IT & Telecommunications

Zendata partners with Reboot01 to develop Bahraini cybersecurity talent

Zendata Cybersecurity, a leading global cybersecurity solutions provider, has announced its strategic partnership with Bahrain's Reboot Coding Institute (Reboot01) to onboard and develop Bahraini cybersecurity talent for its operations in the region.

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Lifestyle

ORA unveils key coastal community project on Abu Dhabi-Dubai border

ORA Developers has unveiled Bayn, a 4.8 million-sq-m coastal community project on Abu Dhabi-Dubai border featuring a 1.2-km private beachfront, a marina, lagoons and a business park. The first phase, comprising 464 residences, is set for 2028 handover.

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Motoring

Dubai to roll out autonomous taxis in Q1 2026

Dubai is expected to roll out autonomous taxi service in the city during the first quarter of 2026. About 65 designated zones across the emirate are likely to be covered under the programme.

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Health & Environment

Novo Nordisk, Ebn Sina Medical launch Wegovy in Qatar

Ebn Sina Medical, a subsidiary of Aamal Company and a leading supplier of pharmaceutical, and Novo Nordisk, the Danish global healthcare company, have announced the availability of Wegovy (Semaglutide 2.4mg) in Qatar.

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Media & Promotion

Boursa Kuwait, MEIRA host strategic IR workshops

Boursa Kuwait recently held two high-impact workshops in collaboration with the Middle East Investor Relations Association (MEIRA), bringing together capital market professionals, corporate leaders and IR experts for a day of insightful discussions.

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Education, HR & Training
Miscellaneous

Dubai RTA digital revenues rise 16% in 2024 to $1.21bn

Dubai’s Roads and Transport Authority (RTA) has achieved a 16% growth in digital revenues for 2024, reaching AED4.427 billion ($1.21 billion) compared to the previous year.

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