Sharjah real estate transactions hit AED 4.6bn during Ramadan
Sharjah’s property market recorded strong momentum during Ramadan 2026, with total transactions reaching AED 4.6 billion, marking a 71.8% increase year-on-year.
News
Real Estate
News
UAE Central Bank unveils resilience package to support lenders
The Central Bank of the UAE has introduced a comprehensive “resilience package” to support the banking sector and wider economy amid ongoing regional uncertainty.
News
UAE introduces up to 50% tax credit for R&D investment
The UAE Ministry of Finance has launched the first phase of its Research and Development (R&D) Tax Incentives Programme, offering businesses tax credits of up to 50% on qualifying R&D expenditure, capped at AED 5 million.
Opinion
Security in the Gulf: Stability as strategy in an unstable world
Security in the Gulf is often framed in terms of exposure. The region sits near contested waterways, rival powers, and active conflict zones. Yet by domestic measures – violent crime rates, public order, fiscal reserves, and institutional continuity – the GCC states rank among the most secure operating environments globally. That contrast is deliberate.
News
Vision Hospitality acquires Bla Bla Dubai in expansion move
Vision Hospitality, the parent company of McGettigan’s, is acquiring Bla Bla Dubai as it expands its footprint across the UAE’s nightlife and leisure sector.
News
Saudi to build USD 370m bio-protein plant in Jubail
Saudi Industrial Investment Group is developing a USD 370 million bio-protein facility in Jubail Industrial City to support the growth of Saudi Arabia’s aquaculture sector.
News
Real Estate
Drake & Scull revenue more than doubles to AED 224m
Drake & Scull International reported strong growth in 2025, with revenue rising 116% year-on-year to AED 224 million (USD 61 million), driven by accelerating project execution and order book conversion across key markets.
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Real Estate
Majid Al Futtaim profit jumps 41% to AED 3.6bn in FY25
Majid Al Futtaim Holding reported strong financial performance in FY2025, with net profit rising 41% year-on-year to AED 3.6 billion (USD 980 million), supported by growth across its malls, hotels, real estate and e-commerce divisions.
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Real Estate
S&P affirms Ras Al Khaimah ‘A’ rating with stable outlook
S&P Global has affirmed Ras Al Khaimah’s long-term and short-term credit ratings at ‘A/A-1’ with a stable outlook, citing prudent fiscal management and strong financial buffers that are expected to support economic stability over the next two to three years.
News
Real Estate
Manchester City Yas Residences records USD 1.6bn sales in 72 hours
Ohana Development has reported record demand for its Manchester City Yas Residences project in Abu Dhabi, generating AED 6 billion (USD 1.63 billion) in sales within 72 hours of launch.