Major stock markets in the Gulf fell in early trade on Thursday after Wall Street snapped a long winning streak that had been driven by rate-cut expectations and the Federal Reserve's dovish tilt. Most Gulf Cooperation Council countries, including the UAE, have their currencies pegged to the U.S. dollar and follow the Fed's policy moves closely, exposing the region to the

Aldar Properties PJSC (“Aldar”) is encouraging guests to commit to more sustainable choiceswith the introduction of the Greener Voyage Programme which invites guests to commit to a range of measurable, sustainable behaviours and in-turn rewards their efforts to reduce their environmental impact. The Programme will be launched across all international brands found at the Yas Plaza Hotelsclusteron Yas Island; Crowne Plaza

Over 16 years, the Sheikh Zayed Grand Mosque welcomed over 67 million visitors, establishing itself as a prominent global destination. This remarkable achievement is evident through the implementation of various initiatives, programmes, and cultural and religious series, all of which showcase the Mosque's pivotal role in presenting a positive image of Islam. Moreover, the Mosque has solidified its position as a

Deyaar Development PJSC ("Deyaar"), one of the leading real estate developers and service providers in Dubai, the United Arab Emirates (UAE), and Arady Properties – PSC, an Abu Dhabi-based real estate company, have signed a Memorandum of Understanding with an aim to establish a joint development project at Al Reem Island in Abu Dhabi. The main aim of the MoU is

The Gulf Cooperation Council (GCC) real estate market is experiencing unprecedented growth, and the International Property Show 2024 (IPS) at the Dubai World Trade Centre, from February 27-29, 2024, is the premier platform for global investors to explore and capitalize on the flourishing market. The GCC real estate market's remarkable growth is further underscored by the projection that its value will

Throughout 2023, the UAE’s real estate sector has shown sustained growth and newer consumer preferences, welcoming increased foreign confidence and igniting great opportunities for the future. Property Finder asked real estate’s industry leaders of its esteemed PF Awards to outline the top five property trends to look out for in 2024. More available properties: With a lot of new projects and off-plan

Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has arranged an AED 1 billion sustainable bilateral facility for Aldar Properties PJSC (Aldar). The financing takes Aldar’s total ESG financing facilities to AED 4.8 billion as the company transitions towards sustainable financing for its projects and investments. The transaction underscores both entities’ commitment to supporting environmentally beneficial projects aligned with

Rotana, one of the leading hotel management companies in the region with over 100 properties across the Middle East, Africa, Eastern Europe and Türkiye (MENAT), concludes the year and its third decade of successful operations, with nine property signings in 2023 alongside a healthy pipeline of 50 scheduled openings. Global Expansion and Pipeline In line with Rotana’s target to strengthen its global

Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has arranged a AED 1 billion sustainable bilateral facility for Aldar Properties PJSC (Aldar).The financing takes Aldar’s total ESG financing facilities to AED 4.8 billion as the company transitions towards sustainable financing for its projects and investments. The transaction underscores both entities’ commitment to supporting environmentally beneficial projects aligned with the

Major stock markets in the Gulf ended mixed on Wednesday on prospects of U.S. interest rate cuts in 2024, while worries about maritime trade disruptions in the Red Sea weighed on sentiment. Dubai's main share index added 0.4%, with blue-chip developer Emaar Properties rising 2.1% and top lender Emirates NBD finishing 0.9% higher. The Qatari benchmark gained 0.6%, led by a 1.4%