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MEETING SURGING DEMAND
Emirates orders five more Boeing 777 freighters
Emirates has placed a firm order for five more Boeing 777 freighters to be delivered from 2025/2026. Together with its previous orders, Emirates now has 14 Boeing 777Fs pending delivery from Boeing from now until end 2026.
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DUBAI AMONG TOP GLOBAL CITIES
TALENT: Dubai, Abu Dhabi rank first in ease of entry
Dubai retains its leading position in the MENA region on Kearney’s Global Cities Index, ranking 24th globally and claiming a spot in the top 25 for the fourth consecutive year.
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FIRM TO OFFER 25% STAKE
Lulu Retail to launch IPO next week; listing on ADX
Lulu Retail Holdings, the largest and fastest growing pan-GCC full-line retailer, today announced its intention to proceed with an Initial Public Offering (IPO) and to list its shares for trading on the Abu Dhabi Securities Exchange (ADX).
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DHAM rebrands its residential portfolio as Dubai Residential
Dubai Holding Asset Management (DHAM) has announced the rebranding of its residential leasing portfolio (formerly Dubai Asset Management), as Dubai Residential. The move comes following the integration of Nakheel and Meydan into Dubai Holding.
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Bhima Jewellers eyes $272m funding for big GCC expansion
Bhima Jewellers, a leading Indian jewellery group, has unveiled its aggressive expansion plan for GCC region, targeting 15 stores in UAE in the next three years. The group aims to raise AED1 billion ($272.2 million) from HNWIs and FIIs to fund the plan.
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Douglas OHI lands major Abu Dhabi gas plant work
Douglas OHI, a leading regional construction and engineering group operating in the GCC, has been awarded a major contract by British oil major Petrofac to execute the civil works at the Habshan Complex for the Gas Compressor Plant in Abu Dhabi.
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Former CBB official named Singapore Gulf Bank board member
Singapore Gulf Bank, the digital bank backed by Bahrain wealth fund Mumtalakat and privately-held Singapore-based investment firm Whampoa Group, has announced the appointment of Shaikh Salman Bin Isa Al Khalifa as an independent director on SGB’s board.
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Employee benefits gap poses risks to retaining talent
Over 90% of employees across the GCC region rank employee benefits as a key factor in their job satisfaction, yet a significant number feel their expectations are not being met, according to new research.
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Nakilat's Q3 net profit surges 7.2pc to $340m
Qatar Gas Transport Company (Nakilat) has recorded a net profit of QAR1.28 billion ($340 million) for the third quarter, up 7.2% when compared to last year, thus showcasing its ability to achieve sustained growth amidst dynamic global market conditions.
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Aldar, Mandarin Oriental to set up branded homes in Abu Dhabi
UAE developer Aldar has collaborated with Mandarin Oriental, the owner of some of the world’s most luxurious hotels, resorts and residences, to develop Abu Dhabi’s first Mandarin Oriental branded residences on Saadiyat Island.
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Batelco to deliver smart building solutions at District Courtyard Mall
Bahrain's leading telecom company Batelco has signed an agreement with Mayflower Investment to deliver a comprehensive suite of smart building solutions, including CCTV, advanced cabling, IBS and Smart TV at its District Courtyard Mall in Hamala.
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World of Coffee returns to Dubai brewing with potential
World of Coffee Dubai (WOC Dubai), a leading coffee trade show in the Middle East, will be held from February 10-12, 2025, across 20,000 sqm of exhibition space at Dubai World Trade Centre (DWTC) – a 33% increase from last year.
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Zayani Motors rolls out all new Mitsubishi XForce
Zayani Motors, the exclusive distributor of Mitsubishi Motors in the Kingdom of Bahrain, has officially unveiled its all-new XForce model in Bahrain. A stylish, versatile and compact SUV, it is targeted at young families and new generation of drivers.
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WHO Investment Round wins $1bn in commitments
The World Health Organization (WHO) has received nearly $700 million in new funding commitments from European countries, foundations and others, and another $300 million in reaffirmed commitments.
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Sphere to open its second GenNext leisure venue in Abu Dhabi
Sphere Entertainment Company, an American entertainment holding company, has announced that it is working together with the DCT Abu Dhabi to build the world's second Sphere, a next-generation music and entertainment arena, in the UAE capital.
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PIF sets up new firm to meet Saudi staff housing demand
Saudi wealth fund PIF has announced the establishment of SARCC (Smart Accommodation for Residential Complexes Company), a new entity that will meet the growing demand for accommodation solutions for both public and private projects across the kingdom.
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Space Cities Network launches global collaboration
Four space-focused cities from across the globe have come together to form an international network focused on the growth of aeronautics, space, and astronomy.
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