Dubai

German food-ordering giant Delivery Hero is preparing an initial public offering of its Emirati subsidiary Talabat on the Dubai stock exchange in the fourth quarter of this year. Delivery Hero may pursue a listing by selling a portion of…
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Dubai-based Emirati companies invested $1.4 billion in China between 2015 and 2023, reflecting a strengthening trade and economic relationship, according to a senior official. Speaking at the Dubai Business Forum – China in Beijing,…
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Dubai’s inflation rate eased to 3.32 percent in July, down from 3.85 percent in June, marking the lowest level since the beginning of the year, official figures showed. This decrease saw Dubai’s Consumer Price Index edge down slightly to…
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Nasdaq Dubai has listed $500 million in sustainable trust certificates issued by Kuwait’s Warba Bank, marking a significant advancement in the region’s financial sector. The issuance, the first of its kind in Kuwait under Warba Bank’s…
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Abu Dhabi and Dubai have been ranked as the most liveable cities in the Middle East and Africa, with both improving their scores in healthcare and education, according to the 2024 Global Liveability Index by the Economist Intelligence Unit.…
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Dubai’s residential property sales saw a 33.5 percent annual increase in the first half of 2024 with 77,233 transactions, according to a top brokerage company. The Gulf metropolis also recorded a total sales value of 227 billion dinars…
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Dubai’s economy saw 3.2 percent year-on-year growth in the first quarter of 2024, with its gross domestic product reaching 115 billion dirhams ($31.3 billion). The transportation and storage industry, as well as the financial and…
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Government-owned airline flydubai is in early talks with planemakers Boeing and Airbus to place its largest-ever airplane order, CEO Chief Executive Ghaith Al-Ghaith said on Tuesday. “The last order we did was 175 and this (next one) is…
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Industrial and logistics asset demand in Dubai and Abu Dhabi surged 185 percent year-on-year to 18 million sq. feet in the first half of 2024, a new report showed. In its industrial market review, Knight Frank noted that the sector’s…
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Dubai-based carrier flydubai’s fleet expansion plans have been hit by delays to Boeing’s aircraft delivery schedule, the airline said on Monday. Flydubai, the sister airline of flagship carrier Emirates, said it was “evaluating its route…
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