UAE developer Mered has announced that deep foundation works was currently under way at its waterfront residential tower - Riviera Residences - in Al Reem Island, Abu Dhabi. With work in full swing, the premium project, featuring over 400 apartments and 11 exclusive villas, is on track for timely completion.
DIAFA, the Abu Dhabi-based luxury investment platform and a IHC unit, has acquired a majority stake in the hospitality portfolio of British businessman Richard Caring. The deal estimated at $1.8 billion includes some of the UK’s iconic brands such as Ivy restaurants chain and private members’ club Annabel’s.
The UAE has won the hosting rights for the 2029 meetings of the World Bank Group and the International Monetary Fund in the capital, Abu Dhabi, said HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister, in his X post.
The UAE capital’s flagship conference and exhibition for infrastructure and urban development, the Abu Dhabi Infrastructure Summit (ADIS) 2026, will return in an expanded format next month.
The UAE has increased fuel prices sharply for April 2026 amid rising oil prices globally, following the Middle East conflict and closure of Strait of Hormuz by Iran.
Modon, a developer of iconic projects and experiences in the UAE, has announced that it will cover registration fees for all residential units purchased in March, in recognition of its customers’ trust.
Burtville Developments has announced that construction across its projects in Abu Dhabi is progressing at a steady pace and in full alignment with the established development timelines. These include five in Masdar City and two each in Yas Island and Al Raha Beach respectively.
Flight operations at the UAE’s major airports are beginning to regain cautious momentum as regional airspace gradually reopens, allowing carriers to restart limited services after days of disruption triggered by the escalating conflict in the Gulf.
Travel disruption across the Gulf region has entered its fifth day, with thousands of passengers still stranded and airlines operating only limited flights out of major hubs like Dubai and Abu Dhabi amid continued regional conflict and widespread airspace closures.
The annual general meeting of Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has approved a total payout of AED3.524 billion ($959.56 million), which is equivalent to 50% of the bank's 2025 net profit.
