Dubai unveils AED 34bn Gold Line metro expansion
Dubai has approved a new AED 34 billion metro line, expanding its rail network by 25% as part of long-term urban growth plans.
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News
Real Estate
Aldar–Mubadala JV acquires Masdar City asset for AED 654m
Aldar Properties and Mubadala Investment Company have acquired The Link at Masdar City for AED 654 million, expanding their joint real estate portfolio.
Economy
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Emirates Development Bank hits AED 1bn monthly financing milestone
Emirates Development Bank has reached AED1 billion in monthly financing approvals, reinforcing its role in driving the UAE’s industrial and economic diversification agenda.
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Nakheel awards AED 527m Dubai Islands infrastructure contract
Nakheel has awarded an AED 527 million contract to Al Nasr Contracting Company to develop infrastructure for Island B at Dubai Islands.
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Saudi Energy, Acwa sign USD 3.1bn Mecca power expansion deal
ACWA Power and Saudi Energy have signed a power purchase agreement with Saudi Power Procurement Company to expand the Rabigh 2 independent power plant near Mecca.
News
Real Estate
Abu Dhabi and Aldar launch 9,000 affordable rental homes
Abu Dhabi’s Department of Municipalities and Transport has partnered with Aldar to deliver 9,000 rental homes across two major communities in Mohamed bin Zayed City and Baniyas.
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Real Estate
Dubai commercial property sales top AED 37.9bn as market shifts upmarket
Dubai’s commercial property market recorded AED 37.9 billion (USD 10.3 billion) in sales during Q1 2026, up 30% year-on-year, despite a modest 3% dip in transaction volumes.
News
Middle East leads global AI investment shift, UAE ranks second
The Middle East has emerged as the world’s leading region for AI investment momentum, with the UAE ranking second globally, according to the Global Wealth AI Optimism Index.
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Qatar Airways named world’s most emission-efficient large carrier
Qatar Airways has been named the most emissions-efficient airline among the world’s largest carriers, according to Cirium’s 2025 EmeraldSky Annual Review.
Economy
News
WeThrive launches as UAE platform for residency, business setup, and CV Referral Support
WeThrive is a single online platform where UAE professionals and SMEs can apply for residency, register a business at a subsidised rate, or access CV referral support – all in one place. Dubai, UAE – [Date] – Creative Zone, in partnership with a number of stakeholders, has launched WeThrive, a new UAE-based initiative designed to