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Our AI ambitions make headlines as Gitex kicks off
State-backed G42 launched Jais, a large Arabic language model and chatbot
Mace to manage first phase of Dubai Exhibition Center’s AED 10 bn expansion
The expansion will include two additional phases, with the entire project set to be completed by 2031
Rak Properties taps CBD to arrange AED 2 bn syndicated facility
Rak will use the facility to finance the development of luxury hotels and residential communities in Mina Al Arab
THIS MORNING: Opec+ cuts oil demand growth forecasts for 2024 and 2025 + Emirates prepares for serious talks with Boeing over 777X delays
This is the third month in a row that Opec+ revises down its outlook for global oil consumption
Union + Aldar launch new Dubai developments totaling AED 2.91 bn
Union Properties plans to launch two more projects in Motor City, valued at AED 4 bn
DIB raises USD 500 mn in AT1 sukuk issuance, secures lowest reset rate for an AT1 issuance since 2009
The issuance’s pricing was narrowed to 5.25%
Dubai to get over 110k units by end of 2025
The emirate’s real estate market will receive AED 29.37 bn in investments
Dubai sales eclipse previous record in 3Q 2024, while Abu Dhabi sales fell
Abu Dhabi’s property sales fell 54.7% y-o-y during the quarter
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