News

Dubai climbs to fourth in IMD Smart City Index 2025

Dubai has risen eight places to rank fourth globally in the IMD Smart City Index 2025, retaining its position as the top-ranked city in the GCC, the Arab world, and Asia.

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News Startup

TruKKer secures AED 1.1bn securitisation facility from ADCB

Middle East trucking platform TruKKer has secured an AED 1.1 billion securitisation facility from Abu Dhabi Commercial Bank (ADCB), marking a landmark shift in how GCC technology startups access capital.

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News

Sharjah attracts AED 7.74bn in FDI as project numbers jump 45%

Sharjah drew AED 7.74bn in foreign direct investment in 2025, an 8.8% year-on-year increase, while the number of FDI projects surged 45% to 142, up from 98 in 2024, according to Invest in Sharjah citing fDi Markets data.

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News

UAE corporate tax penalty waiver reaches over 68,600 businesses

The Federal Tax Authority has confirmed that more than 68,600 taxable persons benefited from the UAE's Corporate Tax Late Registration Penalty Waiver initiative across 2025 and into 2026, with the figure expected to surpass 91,000 as further businesses register for the Cabinet-approved scheme.

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News

Abu Dhabi launches 24 PPP projects worth AED 55bn

The Abu Dhabi Investment Office (ADIO) and the Abu Dhabi Projects and Infrastructure Centre (ADPIC) have unveiled a new pipeline of 24 public-private partnership projects valued at AED 55 billion, to be brought to market across 2026 and 2027.

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News Real Estate

Aldar acquires Dubai Studio City Project for AED 1.1bn

Abu Dhabi developer Aldar Properties has purchased a residential and community retail development in Dubai Studio City from private developer SRG for AED 1.1 billion.

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News

DEWA posts record Q1 revenue as profit surges 90%

Dubai Electricity and Water Authority (DEWA) posted its highest-ever quarterly revenue in the first three months of 2026, with income rising 8% year on year to AED 8.2 billion.

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News

Crypto.com becomes first crypto firm to win UAE Central Bank SVF license

Crypto.com has secured a Stored Value Facilities (SVF) license from the Central Bank of the UAE (CBUAE), becoming the first virtual asset service provider in the country to receive the approval.

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News

ADNOC Gas posts USD 1.1bn Q1 profit

ADNOC Gas plc reported net income of USD 1.1 billion for Q1 2026, demonstrating financial resilience despite significant operational headwinds.

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News

QIA deepens strategic ties with General Atlantic in USD 500m growth equity push

The Qatar Investment Authority (QIA) has announced a significant expansion of its strategic partnership with General Atlantic, anchored by a USD 500 million commitment to the firm's global growth equity strategies.

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