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Dubai’s Emaar Unveils Massive $55 Billion Mega Development

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New urban district to house 150,000 residents Dubai developer Emaar Properties has announced plans for a massive $55 billion mixed-use development project that will accommodate approximately 150,000 residents. The project will include residential towers, luxury villas, office spaces, retail centers, parks, and entertainment facilities spread across 4.5 million square meters. The new district is expected […]

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UAE Highlights Energy, Food Security and AI Investment Priorities

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Government outlines future economic growth strategy The UAE has emphasized three major priorities for future economic growth: energy security, food resilience, and digital infrastructure development. Speaking at an international development forum, UAE officials highlighted the importance of investing in renewable energy, artificial intelligence, cloud computing, data centers, and next-generation communications networks. The strategy aims to

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Saudi Arabia Lifts Five-Year Ban on Lebanese Imports

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Saudi Arabia Trade relations improve as economic ties strengthen Saudi Arabia has officially lifted its five-year ban on imports from Lebanon, signaling an important improvement in economic and diplomatic relations between the two countries. The decision is expected to support Lebanese exporters while creating new trade opportunities across the Gulf region. Business groups have welcomed

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Saudi Arabia Appoints New CEO for Future Investment Initiative Institute

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Saudi Arabia Leadership change aims to strengthen global investment partnerships Saudi Arabia has appointed Princess Maha Al Saud as the new Chief Executive Officer of the Future Investment Initiative Institute (FII Institute), one of the Kingdom’s most influential investment organizations. The institute is known globally for hosting major investment conferences that attract world leaders, CEOs,

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Riyadh Air Launches First International Flight as Expansion Plans Accelerate

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Riyadh Saudi Arabia’s newest airline targets global growth Saudi-backed Riyadh Air has successfully completed its maiden flight to London Heathrow, marking a major milestone in the Kingdom’s aviation strategy. The airline plans to expand rapidly, targeting 22 destinations by March 2027 and more than 100 destinations by 2030. Riyadh Air is a key component of

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UAE Banks Launch High-Interest Deposit Offers to Compete with Digital Rivals

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Traditional banks increase rates amid changing financial landscape Major UAE banks are offering some of the highest deposit rates in recent years as competition from digital banks intensifies. Institutions including Emirates NBD, Dubai Islamic Bank, and National Bank of Fujairah have introduced promotional deposit rates reaching up to 6.6%. Banking experts say the move is

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Oil Prices Rise as Middle East Tensions Support Energy Markets

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Oil Global investors closely watch supply and trade developments Oil prices moved higher on 10 June as investors monitored escalating tensions in the Middle East. Brent crude traded above $92 per barrel while concerns over supply disruptions continued supporting energy markets. Analysts say oil-producing nations across the Gulf, particularly Saudi Arabia, remain central to global

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Saudi Arabia Introduces New Property Ownership Rules for Foreign Companies

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Saudi Arabia Investment reforms aim to improve transparency and attract capital Saudi Arabia has introduced updated regulations governing property ownership for non-resident foreign companies. The new framework provides greater clarity for international investors seeking to acquire real estate assets without establishing operating businesses in the Kingdom. Experts believe the reforms will improve transparency, streamline investment

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Saudi Arabia Continues Attracting Regional Businesses Through Economic Stability

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Vision 2030 reforms strengthen investment environment Saudi Arabia continues emerging as a preferred destination for Gulf businesses and investors thanks to strong domestic demand, infrastructure development, and Vision 2030 reforms. Business owners report stable consumer activity and increasing opportunities across tourism, logistics, technology, and industrial sectors. While regional uncertainty continues, Saudi Arabia’s diversified economic strategy

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Gulf Stock Markets Rebound as Investor Confidence Returns

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Saudi, Dubai and Abu Dhabi markets post strong gains Major Gulf stock markets moved higher after signs of reduced regional tensions improved investor sentiment. Saudi Arabia’s benchmark index gained 1.3%, while Dubai and Abu Dhabi also recorded notable gains led by banking and financial stocks. Market analysts say investors are returning to Gulf equities due

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