GFH, a leading Islamic investment bank, has announced that it has sealed a strategic agreement with Octo Management Consultancies to collaborate on the development of a $300 million logistics and industrial real estate platform across the UAE and the Kingdom of Saudi Arabia.
International Renewable Energy Agency (Irena) has signed a partnership agreement with UAE export credit agency Etihad Credit Insurance (ECI) to support energy transition financing. ECI will provide credit insurance and risk mitigation solutions across 110 countries to complement ETAF initiatives.
Qatar Airways continues to increase its capacity between Qatar and UAE by gradually expanding frequencies between Hamad International Airport (DOH) and Dubai International Airport (DXB) from two to five daily services.
The UAE's $1.4 trillion investment programme in the United States is progressing ahead of schedule, with officials highlighting advances in AI infrastructure, energy projects and manufacturing investments during talks in Washington this week.
Sukoon Insurance, one of the leading insurance providers in UAE, has announced that it has officially received its mainland fund administrator licence from the country's Capital Market Authority, thus establishing Sukoon Workplace Savings Solutions Fund Administrator.
The Middle East recorded sustained merger and acquisition (M&A) activity in the first quarter with 196 deals valued at $23.3 billion being announced compared to 207 deals worth $31.3 billion last year. UAE accounted for 33 transactions valued at $2.2 billion, down from 52 deals in Q1 2025, said a report.
CargoX, an autonomous delivery platform based in UAE, said it has raised $250 million from an investor group, led by BlueFive Capital. The funding is mainly aimed at supporting the expansion of CargoX’s autonomous logistics network across the UAE and international markets.
The UAE Ministry of Finance (MoF) announced that the total revenues collected from Value Added Tax (VAT) and Excise Tax and distributed to the federal and local governments exceeded AED46 billion ($12.53 billion) in 2025, up from approximately AED41 billion in 2024, reflecting a year-on-year increase of 15%.
Expro, an energy services provider, has secured a two-year contract with a major UAE operator to deliver well testing and flowback services for unconventional wells, including surface testing, equipment supply, and operational support.
The UAE today begins implementing its midday break (occupational heat stress prevention policy) which prohibits outdoor work under direct sunlight daily from 12:30 pm to 3:00 pm.
