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Browsing: Business & Economy
Dubai traffic to ease: RTA to boost Ras Al Khor, Al Meydan traffic capacity by 50%
Dubai’s Roads and Transport Authority (RTA) is widening the right-turn lane for vehicles travelling from Ras Al Khor towards Al…
Dubai real estate sector recorded $5.9bn of transactions last week, including $2.1bn of mortgages
The Dubai real estate sector recorded AED21.62bn ($5.9bn) of transactions last week, according to data from the Land Department. Sales…
UAE real estate: Etihad Rail to boost property market and create new trade and investment corridors
Etihad Rail will transform real estate, investment and trade across the UAE, according to a property CEO in the country.…
WTO slashes 2025 trade forecast as Trump tariffs, policy uncertainty weigh on growth
The World Trade Organization has cut its 2025 global trade growth forecast into negative territory, warning that rising tariffs and…
Investors from across Asia flock to Saudi property market as kingdom readies for 2026 foreign ownership reforms
Last month, the Saudi government approved the highly anticipated foreign ownership law for real estate investors. It is expected to…
Abu Dhabi real estate: Residential prices surge 17.3% with strong demand from global investors
Abu Dhabi’s residential property market continued its robust growth in Q2 2025, with average prices rising 6.4 per cent quarter-on-quarter…
Dana Gas net profit up to $73.5mn despite lower revenue in H1 2025
Dana Gas, the Middle East’s largest regional private sector natural gas company, reported a marginal increase in net profit despite…
From $7.50 to a real estate empire: The 47-year love story behind Sobha’s global luxury legacy
“I wanted to put a name. So, I put my wife’s name – it has also worked very well in…
Gulf trade diplomacy in spotlight as WTO report highlights UAE, Saudi Arabia roles in global talks
The World Trade Organization’s latest annual report underscores the Middle East’s growing role in global trade governance, with high-profile ministerial…
Qatar Airways announces massive expansion with extra flights to global destinations, including record 10 daily London services
Qatar Airways has ramped up its global network for the Winter 2025 season, increasing frequencies to more than 15 key…