Retal Urban Development Company has signed a USD 800 million agreement with Omani authorities to develop three neighbourhoods within Sultan Haitham City, the sultanate’s largest urban development project.
Eagle Hills has signed a memorandum of understanding with Awqaf Abu Dhabi to develop a AED1 billion commercial project supporting the “Mother of the Nation Endowment for Orphans” initiative.
Sharjah’s property market recorded strong momentum during Ramadan 2026, with total transactions reaching AED 4.6 billion, marking a 71.8% increase year-on-year.
The Central Bank of the UAE has introduced a comprehensive “resilience package” to support the banking sector and wider economy amid ongoing regional uncertainty.
The UAE Ministry of Finance has launched the first phase of its Research and Development (R&D) Tax Incentives Programme, offering businesses tax credits of up to 50% on qualifying R&D expenditure, capped at AED 5 million.
Vision Hospitality, the parent company of McGettigan’s, is acquiring Bla Bla Dubai as it expands its footprint across the UAE’s nightlife and leisure sector.
Saudi Industrial Investment Group is developing a USD 370 million bio-protein facility in Jubail Industrial City to support the growth of Saudi Arabia’s aquaculture sector.
Drake & Scull International reported strong growth in 2025, with revenue rising 116% year-on-year to AED 224 million (USD 61 million), driven by accelerating project execution and order book conversion across key markets.
Majid Al Futtaim Holding reported strong financial performance in FY2025, with net profit rising 41% year-on-year to AED 3.6 billion (USD 980 million), supported by growth across its malls, hotels, real estate and e-commerce divisions.
S&P Global has affirmed Ras Al Khaimah’s long-term and short-term credit ratings at ‘A/A-1’ with a stable outlook, citing prudent fiscal management and strong financial buffers that are expected to support economic stability over the next two to three years.
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