Video length: 07:42 Opinion Media & Advertising Why the British media is suddenly obsessed with Dubai Could a spate of reports mean yet more Brits heading to the UAE? February 28, 2025
Retail Chinese car makers target UAE’s Ramadan bargain hunters Chinese car makers look set to win big over traditional manufacturers from the US, Japan and Europe among Ramadan bargain hunters in the UAE this year. For years, Japanese, American, and European carmakers have relied on Ramadan promotions, offering free insurance, extended warranties and zero percent financing, to increase sales. But buyers, squeezed by inflation, […] February 28, 2025
Analysis Aviation Etihad IPO likely to attract ‘significant’ investor interest Abu Dhabi-owned Etihad Airways is likely to attract “significant” investor interest if and when it sells shares in an initial public offering expected in March in the first Gulf Arab airline IPO in almost 20 years, analysts have said. Owned by Abu Dhabi sovereign wealth fund ADQ, the airline may raise as much as $1 […] February 28, 2025
Transport Parkin proposes $77m dividend for second half 2024 Parkin, the Dubai government’s parking management company, plans to pay a final dividend of AED281 million ($77 million) for the second half of 2024, the company said in a statement. The dividend payout is subject to shareholders’ approval at the annual general meeting planned by March-end. An interim dividend of AED199 million was paid by […] February 28, 2025
Transport UK company plans purchase of UAE car trade start-up Seez Seez, a Dubai-based start-up, has announced its proposed acquisition by UK-based automotive technology company Pinewood AI. The deal is worth $46.2 million and will comprise cash alongside shares, the company said in a statement. Seez is a technology company that provides digital services for car dealerships aimed at increasing sales, including an AI virtual assistant, […] February 28, 2025
Analysis Markets Blue chip dividend yields in UAE beat US and Europe Most UAE blue chip stocks provide much higher dividend yields than their counterparts in Europe and the United States, an AGBI analysis shows. The top 20 largest listed UAE businesses, excluding two non-dividend paying companies, offer an average dividend yield of 4.7 percent. This is almost 60 percent better than the average yield of 1.9 […] February 28, 2025
Oil & Gas Adnoc Gas to supply LNG to Osaka Abu Dhabi’s state-owned Adnoc Gas has signed a fourth sales and purchase agreement for its Ruwais liquefied natural gas project, which is under development at Al Ruwais Industrial City. Adnoc Gas signed the 15-year contract with one of Japan’s utility companies, Osaka Gas, to supply up to 800,000 tonnes of LNG per year, Adnoc said […] February 27, 2025
Finance IHC’s $27bn holding company aims for Abu Dhabi listing 2PointZero, a newly established UAE investment platform with assets from mines to financial services, is targeting a stock market listing in Abu Dhabi this year, CEO Mariam Almheiri said on Wednesday, according to the Reuters news agency. Last year, Abu Dhabi conglomerate International Holding Company (IHC) established 2PointZero as a holding unit with more than […] February 27, 2025
Video length: 04:45 VIDEO Education Universities have to change to bridge the skills gap Education in the Mena region must transform to reflect the changing market, according to experts. Ismael Al-Hinti, president of Al Hussein Technical University in Jordan told AGBI that young people entering the jobs market in the region face a skills mismatch, with unemployment rates highest among the most educated. The answer, according to Al-Hinti, is […] February 27, 2025
Health Burjeel wins Abu Dhabi healthcare contract The UAE hospital operator Burjeel Holdings has won a contract from Abu Dhabi worth AED225 million ($61 million) to manage and develop healthcare facilities in the emirate and in Africa. Burjeel will operate five clinics in the cities of Abu Dhabi and Al Ain, and develop a new one in Al Wathba, about 20km south […] February 26, 2025
Mining UAE’s Ambrosia pays $500m to Allied Gold for Mali mine UAE fund Ambrosia Investment Holding has bought a 50 percent stake in a mine in the African state of Mali from Toronto-listed Allied Gold. Ambrosia Investment Holding, a newly formed investment fund chaired by Ahmed Amer Al Amry, agreed to invest about $500 million in Allied Gold, including $375 million for the stake in its […] February 26, 2025
Retail Multiply Group targets Europe with Tendam stake buyout Abu Dhabi-listed Multiply Group will acquire a 68 percent stake in Spanish fashion retailer Tendam as part of its global expansion strategy, the investment holding company said in a statement. The stake was purchased from private equity funds CVC and PAI Partners, who will remain minority shareholders in Tendam, which owns the Cortefiel, Women’s Secret, Milano […] February 26, 2025
Telecoms UAE telco e& earns $1bn from Khazna stake sale UAE telecommunications company e&, formerly known as Etisalat, will divest its 40 percent stake in Khazna Data Center Holdings for AED8 billion ($2.2 billion) to Abu Dhabi technology group G42, the telco said in a statement to the Abu Dhabi bourse on Tuesday. The deal will generate a capital gain of AED5.1 billion ($1.4 billion) before federal […] February 26, 2025
Telecoms Dubai fines companies millions for telemarketing violations Dubai has slapped a total of AED8 million ($2 million) in fines on 159 companies for breaching new telemarketing rules, in the emirate’s first crackdown on nuisance calls. Authorities introduced the regulations in August 2024, barring companies from calling numbers on the national “Do Not Call Registry” and restricting telemarketing hours to 9am to 6pm. […] February 25, 2025
Artificial Intelligence G42’s Presight agrees Albania ‘smart city’ deal Data analytics company Presight, a unit of Abu Dhabi technology group G42, has agreed to work with Albania’s ministry of interior to implement an artificial intelligence-powered “smart city” project in the Balkan state. The project will introduce a traffic management platform in 20 cities and towns across Albania with the aim of reducing congestion and […] February 25, 2025
Opinion Trade UAE-Kenya trade deal paves way for investment boost The Cepa will boost agricultural exports and drive infrastructure spending February 25, 2025
Construction Sidara renews talks to take over John Wood Group Engineering and construction consultancy Sidara has returned to the negotiating table for talks to take over the troubled British engineer John Wood Group. Sidara, which is based in Dubai, was in discussions last year over a potential $1.6 billion acquisition, but walked away in August, citing “geopolitical risks and market uncertainty”. Problems at the Scottish […] February 25, 2025
Finance UAE commits $40bn to support Italy’s economy The UAE has committed to invest $40 billion in core sectors of the Italian economy, as the countries advance towards a comprehensive strategic partnership agreement (Cepa), the two nations said in a joint statement. More than 40 new agreements were signed across priority areas such as defence, energy, sustainable energy, and energy transition and space […] February 25, 2025
Banking and Finance Emirates NBD buys outstanding shares to delist EIB Emirates NBD, Dubai’s largest bank by assets, will delist Emirates Islamic Bank (EIB) from the Dubai Financial Market (DFM) after acquiring 100 percent of the sharia-complaint lender, according to a statement. Emirates NBD has made a mandatory cash offer to buy the remaining 0.11 percent stake (free float) in EIB for AED11.95 ($3.25) per share […] February 25, 2025
Opinion People & Lifestyle Happy days are here again for Russian expats in the UAE Even after any potential peace deals, many are likely to continue to live in the UAE February 24, 2025
