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UAE economy contracts 2.1% in 2Q as war hits non-oil activity
Tourism, transport, and trade took a hit as non-oil GDP shrank 1.1%, leaving first-half economic growth barely in positive territory
Justyn Cánovas is turning his idea of a good weekend into a festival business
The MOC27 executive on the risks of launching a festival, finding a morning rhythm around unpredictable hours, and switching off…
New hires at Deutsche Bank, Deliveroo, DCT
Deutsche Bank has moved three of its senior bankers to Dubai
Fitch holds RAK at A+ but keeps negative outlook as war weighs on growth
Growth is set to slow to 1.5% this year as weaker trade and tourism and a delayed, pricier Wynn resort…
Eagle Hills inks USD 12 bn Maldives waterfront agreement, its largest Indian Ocean investment
This would be one of the largest foreign investment commitments the Maldives has landed
New organic-waste valorization pilot plant, Musafir acquires FLYCT, DFDF backs Nordstar’s AI-focused fund, and Nakheeel awards a Dubai Islands contract
The plant will process up to 40 kg of waste daily
THIS MORNING: Modon seeks EGP 35 bn loan for Ras El Hekma’s Wadi Yemm + dnata wants in on Damascus airport’s rebuild
Plus: The UAE is pushing to get off international travel advisory lists
THIS MORNING: L’imad opens an Azerbaijan investment lane + Khazna teams up with Siemens for AI infrastructure
Plus: Another Etihad Rail station is coming to Dubai
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