Tuesday 6 May 2025

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GROSS ASSET VALUE TOPS $5.89bn
Dubai Holding launches IPO for Dubai Residential REIT

Dubai Holding, through its wholly owned subsidiary DHAM REIT Management (the Fund Manager), today announced its intention to launch an initial public offering (IPO) for Dubai Residential REIT.

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1

226km OF ROADS
Dubai RTA takes up 57 road infrastructure projects

Dubai’s Roads and Transport Authority (RTA) is currently rolling out an ambitious programme of 57 strategic road infrastructure projects under its 2025–2027 Plan.

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2

MEDITERRANEAN HUB
AD Ports to set up industrial, logistics park near Port Said

AD Ports Group, and the General Authority for Suez Canal Economic Zone (SCZONE) have signed a 50-year renewable usufruct agreement, to develop and operate a 20 sq km industrial and logistics park near the Egyptian coastal city of Port Said.

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3

INSIGHT
Gen Z travellers seek purpose, experiences: Wyndham study

Gen Z travellers in the UAE are redefining what it means to explore the world, placing cultural connection, personal purpose, and digital empowerment at the heart of their journeys, says a new study.

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4

OPINION
Investors have every reason to cheer - despite tariff chaos

From fresh tariffs and fracturing alliances to recession warnings, the headlines scream turmoil. But for investors willing to tune out the noise and focus on the underlying data, there are solid reasons to stay positive, said an financial expert.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Alpha Dhabi Holding reports $4.74bn revenue for Q1

Alpha Dhabi Holding has reported a revenue of AED17.4 billion ($4.74 billion) for the quarter ending March 31, 2025, a 23 percent increase YoY, reflecting the depth of Alpha Dhabi’s diverse portfolio alongside its consistent track record of growth.

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Retail & Wholesale

Dubai Holding opens new mixed-use lifestyle hub at Nad Al Sheba

Dubai Holding Asset Management, a key player in the retail sector, has announced the official opening of Nad Al Sheba Mall, a mixed-use lifestyle destination featuring a selection of over 100 stores spanning fitness, retail, entertainment and F&B.

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Energy, Oil & Gas

Adnoc Drilling wins $806m deal for 3 island rigs

Adnoc Drilling Company has been awarded a contract for three island rigs by Adnoc Offshore for an estimated total contract value of $806 million to support expanding operations at the offshore Zakum development project.

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Finance & Capital Market

Dubai Holding launches IPO for Dubai Residential REIT

Dubai Holding, through its wholly-owned subsidiary DHAM REIT Management (the Fund Manager), today announced its intention to launch an initial public offering (IPO) for Dubai Residential REIT.

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Analysis, Interviews, Opinions

Gen Z travellers seek purpose, experiences: Wyndham study

Gen Z travellers in the UAE are redefining what it means to explore the world, placing cultural connection, personal purpose, and digital empowerment at the heart of their journeys, says a new study.

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Industry, Logistics & Shipping

Ajman an attractive base for SMEs, industries: report

Ajman's strategic proximity to Dubai enables seamless connectivity to global markets while maintaining lower operational costs, making it an attractive base for SMEs and high-growth industries, says a new report.

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IT & Telecommunications

Zendata partners with Reboot01 to develop Bahraini cybersecurity talent

Zendata Cybersecurity, a leading global cybersecurity solutions provider, has announced its strategic partnership with Bahrain's Reboot Coding Institute (Reboot01) to onboard and develop Bahraini cybersecurity talent for its operations in the region.

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Lifestyle

ORA unveils key coastal community project on Abu Dhabi-Dubai border

ORA Developers has unveiled Bayn, a 4.8 million-sq-m coastal community project on Abu Dhabi-Dubai border featuring a 1.2-km private beachfront, a marina, lagoons and a business park. The first phase, comprising 464 residences, is set for 2028 handover.

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Motoring
Health & Environment

Novo Nordisk, Ebn Sina Medical launch Wegovy in Qatar

Ebn Sina Medical, a subsidiary of Aamal Company and a leading supplier of pharmaceutical, and Novo Nordisk, the Danish global healthcare company, have announced the availability of Wegovy (Semaglutide 2.4mg) in Qatar.

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Media & Promotion

Boursa Kuwait, MEIRA host strategic IR workshops

Boursa Kuwait recently held two high-impact workshops in collaboration with the Middle East Investor Relations Association (MEIRA), bringing together capital market professionals, corporate leaders and IR experts for a day of insightful discussions.

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Education, HR & Training
Miscellaneous

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