Economy News

Blackstone makes AED 918m UAE debut with payments firm ADGT

US investment giant Blackstone has committed AED 918m to Advanced Digital Gaming Technology (ADGT), a UAE-headquartered payments and data-intelligence company – marking its first regional investment since the onset of the Iran conflict.

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News

Saudi Arabia’s social responsibility initiatives surpass SAR 5bn in development value

Dubai has reached its highest ever position in the Global Financial Centres Index (GFCI), rising to seventh place globally among 137 assessed centres – the only Middle East financial hub to rank in the top 10, according to Z/Yen Group.

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Economy News

Dubai climbs to seventh in global financial centres ranking

Dubai has reached its highest ever position in the Global Financial Centres Index (GFCI), rising to seventh place globally among 137 assessed centres – the only Middle East financial hub to rank in the top 10, according to Z/Yen Group.

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News

UAE online sales surge as conflict keeps shoppers at home

UAE consumers are shifting rapidly to e-commerce as security concerns stemming from the Iran conflict reduce footfall at malls and public spaces, according to Redseer Consulting.

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News

CBUAE foreign assets top AED 1.084tn as balance sheet surpasses AED 1.119tn

The Central Bank of the UAE (CBUAE) closed January 2026 with foreign assets of AED 1.084 trillion, up from AED 1.058 trillion at the end of December 2025.

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Saudi Arabia and Bahrain launch new maritime link via MSC Gulf Shuttle

The Saudi Ports Authority (Mawani) has launched a direct maritime service between King Abdulaziz Port in Dammam and Khalifa Bin Salman Port in Bahrain, operated by MSC under its Gulf Shuttle service.

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News Real Estate

Dubai real estate transactions surge 29.7% to AED 50.58bn during Ramadan 2026

Dubai's property market defied its traditional Ramadan slowdown, recording 15,196 transactions worth AED 50.58 billion between 18 February and 19 March – a 29.7 percent year-on-year increase in value and a 5.63% rise in volume.

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Imtiaz Developments acquires AED 2bn Downtown Jebel Ali plot

Imtiaz Developments has purchased a plot in Downtown Jebel Ali with an estimated development value of AED 2 billion, signalling continued confidence in Dubai's real estate market amid regional uncertainty.

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News

Arada begins construction of Reigate school in Masaar

Arada has awarded an AED 183 million contract to Al Rehab Al Arabi Building Contracting Company for the construction of a new K-12 school within its Masaar development in Sharjah.

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Economy News

Saudi Ports Authority launches Sharjah–Saudi trade corridor

The Saudi Ports Authority has launched a new trade bridge linking Sharjah in the UAE with Saudi Arabia, aimed at improving cross-border cargo movement and strengthening regional logistics integration.

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