Business & Money | Wednesday 19 November, 2025 1:28 pm

Partnership between former Prime Minister of the United Kingdom and the Real Estate Future Forum

As part of preparations for the fifth edition of the Real Estate Future Forum, taking place in May 2025, Forum officials met in London with Baroness Theresa May, former Prime Minister of the United Kingdom and member of the House of Lords. The meeting was held during an international tour aimed at...

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Business & Money | Tuesday 23 December, 2025 1:31 pm

EA shareholders nod $55B PIF-led takeover: Report

Shareholders of video game company Electronic Arts (EA) approved the sale of the company to a consortium led by the Public Investment Fund (PIF) in a deal valued at $55 billion. According to Bloomberg, shareholders approved the acquisition at a price of $210 per share during a vote held on...

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Business & Money | Tuesday 23 December, 2025 1:30 pm

MODON signs over 900 industrial contracts in 2025: CEO

The Saudi Authority for Industrial Cities and Technology Zones (MODON) attracted over 900 new industrial contracts this year, including major global companies, said MODON CEO Majed Al-Argoubi.   Al-Argoubi told Asharq News that MODON also expanded its industrial land portfolio by...

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Business & Money | Tuesday 23 December, 2025 10:46 am

Modon Holding forms joint venture with Related Companies and Panepinto Properties to deliver Harborside 4

Modon Holding PSC (“Modon”) today announced a new joint venture to deliver Harborside 4, a 54-story residential tower on one of the last prime waterfront sites in downtown Jersey City, New Jersey, USA. Modon will hold a majority equity stake alongside leading US developer Related Companies and...

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Business & Money | Tuesday 23 December, 2025 10:44 am

Taraf and Masdar City Join Forces to Launch Fay Hills Masterplan and its First Village, Fay Gardens

Taraf, the real estate division of Yas Holding, and Masdar City, Abu Dhabi’s pioneering sustainable urban district, are joining forces to develop Fay Hills, a 153-acre residential masterplan designed around sustainability, wellness, and human-centred living. Set within Masdar City, Fay Hills ...

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Government | Tuesday 23 December, 2025 12:17 am

Launch of Simplified Protocol Will Ease the Movement of Foreign Yachts between Abu Dhabi and Dubai

In a significant step toward enhancing the UAE’s appeal as a premier maritime destination, foreign yachts in Abu Dhabi and Dubai will now enjoy a streamlined administrative process for travelling between the two emirates. The new consolidated protocol includes mutual recognition of sailing...

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Business & Money | Monday 22 December, 2025 9:43 am

Abu Dhabi Finance Week 2025 receives over 35,000 attendees

Abu Dhabi Finance Week (ADFW) 2025 has attracted more than 35,000 participants during a week of dynamic discussions, announcements, and visionary collaboration that further reinforced Abu Dhabi’s position as a leading global financial hub. International participants accounted for more than...

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Business & Money | Monday 22 December, 2025 9:40 am

EGA to expand German aluminium recycling capacity more than six-fold

Emirates Global Aluminium (EGA) today announced a significant expansion of EGA Leichtmetall in Germany. The new facility, located near Hannover, will increase EGA Leichtmetall’s recycling capacity more than six-fold, adding 110 thousand tonnes per year of scrap sorting capacity and 153...

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Business & Money | Monday 22 December, 2025 9:40 am

International recognition for Barakah as ENEC wins ‘Excellence in Energy–Power’ Award at 2025 Platts Global Energy Awards

The Emirates Nuclear Energy Company (ENEC) has been named winner of the ‘Excellence in Energy-Power’ category at the 2025 Platts Global Energy Awards, hosted by S&P Global Commodity Insights in New York.This marks the first time in a decade an exclusively nuclear energy company has received ...

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Business & Money | Monday 22 December, 2025 9:35 am

MoF announces Cabinet Resolution on implementing reverse charge mechanism for VAT on scrap-metal trading

The Ministry of Finance (MoF) has announced the issuance of Cabinet Decision No. 153 of 2025 regarding the application of the reverse charge mechanism on trading of metal-scrap between registrants in the UAE, effective from 14th January 2026. The measures taken pursuant to the provisions of...

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Business & Money | Monday 22 December, 2025 9:28 am

DEWA awards AED289 million contract to expand Dubai’s Hassyan water transmission network

Dubai Electricity and Water Authority (DEWA) has awarded a new contract worth AED289 million for works to strengthen Dubai’s water transmission network connected to the Hassyan water plant, one of the world’s largest seawater reverse-osmosis projects. DEWA is developing the project under...

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