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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News
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.
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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.
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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
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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
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UAE tax law changes take effect, fines reduced
New amendments to UAE tax regulations have come into force, with the Federal Tax Authority (FTA) confirming reduced administrative penalties under Cabinet Decision No. 129 of 2025.
Economy
News
UAE Central Bank to develop unified e-KYC platform
The Central Bank of the UAE (CBUAE) has partnered with Norbloc AB to build a nationwide e-KYC platform, streamlining customer verification across the financial sector.
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Dubai partners with HSBC to accelerate global investment flows
The Dubai Department of Economy and Tourism (DET) has signed a strategic partnership with HSBC Bank Middle East Limited to attract international corporates, institutional investors, and ultra-high-net-worth individuals to Dubai.