Citi has appointed Rajeev Garg as the new Head of Wealth for Citibank N.A., UAE, effective June 18, 2026.
Leading UAE developer Arada has begun the pre-launch phase at 100 Avenue Road, a new residential development in North West London. Set for completion in Q4 2028, the 172-storey apartment building features a mix of studios to three bed-room apartments along with premium amenities.
The UAE has announced the launch of its first sovereign retail sukuk programme, offering individual investors access to government-backed Islamic investment instruments through a public subscription process. The sukuk will be offered through an IPO-style subscription framework.
ROKA is set to open its second Dubai location at Six Senses The Palm, bringing its signature robatayaki dining concept to the luxury beachfront resort’s rooftop and further strengthening the brand’s growing presence across the GCC region.
UAE defence group EDGE and Italy's Leonardo have joined hands to launch a new venture that will develop advanced defence sensors and systems. The JV will also serve as a platform to sell the M-346 fighter-trainer aircraft and other defence products in Europe and international markets.
Hiring momentum remains strong in the UAE, with the country recording a net employment outlook of 60% for Q2 2026, placing it among the strongest employment markets globally.
Al Ghurair Iron & Steel (AGIS), one of the Middle East's leading flat steel manufacturers, has partnered with Metal Park, the world's first Plug & Play ecosystem for metals, to strengthen fulfilment capabilities and enhance end-to-end metal supply chain efficiency across the UAE.
The Central Bank of Bahrain (CBB) has announced its decision to maintain the overnight deposit interest rate unchanged at 4.25%. This comes following a review by CBB to maintain the kingdom's monetary and financial stability in the light of global financial market developments.
Egypt and the UAE have discussed expanding energy cooperation, focusing on increased Emirati investment in petroleum, aviation fuel, and exploration activities, alongside plans to establish a joint working group to advance sector opportunities.
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%.
