Modon Holding to acquire Arena Events Group
Abu Dhabi-based Modon Holding has announced a definitive agreement to acquire Arena Events Group through a deal with International Holding Company (IHC) and TasHeel Holding.
Economy
News
Economy
News
UAE-Kuwait strengthen economic, cultural ties
With the start of UAE-Kuwait Week, the two GCC nations are aiming to enhance economic and cultural cooperation. The two-day event in Dubai gathers ministers, senior officials, and key business leaders from both countries to explore avenues for further collaboration.
Economy
News
Real Estate
Dubai real estate set for strong growth in 2025
Dubai’s real estate sector is set to continue its upward momentum in 2025, fuelled by investor confidence, an expanding luxury segment, and rising demand for commercial properties.
Economy
News
Gulf connectivity boost with new submarine cable
Ooredoo Group has signed a landmark agreement with Alcatel Submarine Networks to construct a high-capacity submarine cable system that will connect seven Gulf nations – Qatar, Oman, the UAE, Bahrain, Saudi Arabia, Kuwait, and Iraq.
Economy
News
CBUAE keeps base rate steady at 4.40%
The Central Bank of the UAE (CBUAE) has announced that the base rate for the overnight deposit facility (ODF) will remain at 4.40%. This decision aligns with the US Federal Reserve’s move to keep the interest rate on reserve balances (IORB) unchanged.
Economy
Opinion
Fujairah 2025: a bright future ahead
With a promising future ahead of it, the emirate of Fujairah has seen excellent growth, expanding its economy by about one third since 2021, and currently showing year-on-year growth of around 8%.
Economy
Opinion
Open finance, big opportunities: The UAE’s blueprint for digital banking
Innovation has always been a key part of the UAE’s development strategy, and its financial sector is no exception. With a vision to position itself as a global fintech hub, the nation has invested heavily in creating an ecosystem where digital banking can thrive.
Economy
Real Estate
DAMAC unveils its first 2025 development
The UAE’s largest private real estate developer DAMAC Properties has launched Riverside Views, its first project of 2025. The new development is part of the recently introduced DAMAC Riverside community, offering one- and two- bedroom apartments available on a 70/30 payment plan, making luxury waterfront living more accessible to buyers.
Economy
Opinion
How DIFC is redefining family wealth management
As global wealth grows, so does the complexity of managing it. HNWIs and ultra-high-net-worth families increasingly seek bespoke solutions to preserve and grow their wealth while ensuring smooth intergenerational transfer. Enter the family office – a vehicle synonymous with tailored wealth management and holistic legacy planning.
Economy
News
Real Estate
UAE infrastructure set for growth in 2025
Mordor Intelligence has forecast a compound annual growth rate (CAGR) of 5% for the UAE’s infrastructure sector between 2025 and 2030. This growth is expected to be fuelled by both government and private sector investments in high-quality projects. Key areas of focus include transportation, renewable energy, and real estate, all of which are poised for