News

Dubai duty free surpasses AED 8bn in annual sales

Dubai Duty Free has surpassed AED 8bn in retail sales at Dubai International Airport for the first time in its 42-year history. The achievement continues a year of record-breaking performance, with nine out of 11 months setting new monthly sales records.

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Economy News

ADCB completes AED 6.1bn rights issue

Abu Dhabi Commercial Bank (ADCB) has successfully completed an AED 6.1bn rights issue, which closed on 4 December 2025. The offering attracted exceptional demand, with total funded commitments exceeding AED 12bn from UAE, regional and international investors.

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Entrepreneur News Startup

Dubai’s Halo AI wins L’Oréal Beauty tech award

Dubai-based startup Halo AI has been named one of the winners of L’Oréal’s 2025 SAPMENA Big Bang Beauty Tech Innovation Program, the region’s largest competition for beauty technology.

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News

Mubadala, KAIO to explore tokenised private market access

Mubadala Capital and KAIO have announced plans to explore tokenised access to Mubadala Capital’s private market investment strategies for qualified institutional and accredited investors.

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News

Saudi Arabia ranks first in Arab region for AI growth

Saudi Arabia has secured fifth place worldwide and the top position in the Arab region for AI sector growth, according to the Global AI Index.

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Economy News

Dubai Chambers signs MoU to advance ESG adoption

Dubai Chambers has signed an MoU with Ahya Technologies to accelerate the adoption of ESG standards across the emirate’s business community.

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Economy News

Abu Dhabi boosts partnership with India and Singapore

Delegates from Abu Dhabi have concluded a visit to India and Singapore aimed at expanding economic ties and advancing partnerships across several high-growth sectors.

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News

Black Hat MEA 2025 boosts Riyadh cybersecurity

Black Hat Middle East and Africa 2025 has concluded in Riyadh, further cementing Saudi Arabia’s position as a leading global centre for cybersecurity.

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Economy News

World Bank notes solid GCC growth in 2025

The GCC is set for stronger economic performance in 2025, with momentum fuelled by structural reforms and rapid advances in digital technology, according to the World Bank’s latest Gulf Economic Update. The report forecasts growth of 4.8% for the UAE and 3.8% for Saudi Arabia, with Bahrain, Oman, Qatar, and Kuwait expected to expand between

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News

DHL launches new innovation centre in Dubai South

DHL has expanded its presence in Dubai South with the opening of its Middle East and Africa Innovation Centre and a major investment in new logistics infrastructure.

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