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.
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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.
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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.
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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.
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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.
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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.
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Real Estate
Qatar real estate deals reach USD 744m in February
Qatar’s property market recorded strong momentum in February 2026, with total real estate transactions reaching QR 2.709 billion (USD 744 million) across 508 deals.
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ADIA backs private credit firm Dignari with new investment
A unit of the Abu Dhabi Investment Authority has invested in Hong Kong-based private credit manager Dignari Capital Partners, committing capital to its Asia Pacific Developed Markets Private Credit Strategy.