🇦🇪UAE Legal News

In a move that signals both continuity and recalibration, DP World has elevated seasoned Dubai statesman Essa Kazim to Chairman of the Board, while naming Yuvraj Narayan as its new Group Chief Executive Officer. Kazim arrives at the post with a résumé steeped in the architecture of Dubai’s financial rise. He currently serves as Governor …

Ports Powerhouse Reshapes Its Helm as Dubai Veteran and Longtime Insider Take Charge Read More »

A quiet migration of money is reshaping the global insurance map — and two of Canada’s largest life insurers are following the trail straight into the Gulf. Both Manulife and Sun Life have established a physical presence in Dubai, betting that the emirate’s fast-growing pool of globally mobile millionaires will fuel their next phase of …

Desert Ambitions: Canadian Insurance Giants Plant Flags in Dubai’s Wealth Corridor Read More »

In a clear bid to loosen the grip on borrowing costs, the Central Bank of Egypt has lowered its benchmark interest rates by one percentage point. The decision signals an attempt to inject fresh momentum into the economy, offering some breathing room to businesses weighed down by expensive credit and to consumers navigating tight financial …

Cairo Eases the Brakes: Egypt Trims Key Rates to Spark Growth Read More »

A quiet financial migration is underway. Capital that once flowed predictably between New York and London is increasingly threading a different path — from the Gulf to Asia and back again. In boardrooms from Abu Dhabi to Hong Kong, bankers are noticing a shift. Middle Eastern issuers are finding deeper demand in Asian order books, …

From Gulf Sands to Asian Trading Floors: A Bond Market Bridge Gains Momentum Read More »

The runway stretched longer than ever in 2025 for Air Arabia. The low-cost carrier turned in its strongest financial performance to date, sealing the year with a pre-tax net profit of AED 1.8 billion (approximately $490 million) — a 14% climb from the previous year. Revenue followed the same upward trajectory, rising 15% to cross …

Sky-High Year: Air Arabia Closes 2025 with Record-Breaking $490 Million Profit Read More »

Dubai’s property engine roared to life in spectacular fashion, clocking its most valuable single day on record. On January 26, real estate transactions surged to AED15.6 billion ($4.25 billion), a milestone that redraws the ceiling for daily market performance in the emirate. The figure was powered by 1,501 individual deals, underscoring not just scale, but …

$4.25 Billion in a Day: Dubai Property Market Smashes All-Time Record Read More »

Corporate heavyweights across the Gulf are stepping into 2026 with credit strength intact, even as oil prices soften and geopolitical nerves flicker. According to S&P Global Ratings, companies across the GCC are expected to preserve stable credit profiles this year, buoyed by solid financial buffers and strong sovereign linkages. Lower crude prices and regional tensions …

Gulf Corporates Enter 2026 With Steelier Balance Sheets Despite Oil Dip Read More »

Trading floors across the Gulf opened to a cautious hum on Wednesday, screens flickering red as nerves over U.S.–Iran diplomacy resurfaced. The region’s main indices slipped, with Dubai absorbing the sharpest blow. The unease followed fresh signals from Washington. President Donald Trump said he was weighing the deployment of a second aircraft carrier to the …

Gulf Markets Drift Lower as Washington–Tehran Tensions Cloud Investor Mood Read More »

The United Arab Emirates has been quietly stacking gold — and in 2025, the pile grew dramatically. Fresh figures from the Central Bank show the country’s gold reserves soaring nearly 65 percent over the year, closing December at AED 37.9 billion. Twelve months earlier, the tally stood at AED 22.98 billion. The surge underscores a …

Golden Cushion: UAE Central Bank’s Bullion Vault Swells to Record High Read More »

Dubai’s district cooling heavyweight has a new power center. Dubai Holding has cashed out of Emirates Central Cooling Systems Corporation (Empower), selling its entire 24% stake to Dubai Electricity and Water Authority (DEWA) in a transaction valued at AED 5.184 billion — roughly $1.4 billion. The move reshapes the ownership map. DEWA’s share climbs from …

Cooling Crown Consolidated: DEWA Tightens Grip on Empower in $1.4 Billion Deal Read More »