DUBAI: DP World has expanded its automotive logistics capacity at Jebel Ali Port with the launch of a massive new vehicle storage yard at Terminal 4, responding to rising demand in the region’s car trade sector. The newly added 2.6 million sq ft yard increases the port’s total storage capacity by 13,000 car equivalent units […]
Titan acquires 67% stake in Damas Jewellery, driving Tanishq’s rapid GCC expansion and redefining the jewellery retail experience. Dubai: Titan Company Limited, a Tata Group entity and parent company of Tanishq, has acquired a 67% stake in Dubai-based Damas Jewellery, marking a transformative leap in the GCC jewellery retail market. The strategic acquisition positions Titan […]
DUBAI: Dubai Residential REIT reported a robust net profit of AED622 million for the first half of 2025, before changes in the fair value of investment properties. This marks a 10 percent increase compared to the same period in 2024, as revealed in the company’s H1 2025 financial results. The REIT’s revenue climbed to AED958 […]
KUWAIT CITY: The price of Kuwaiti crude oil dropped to US$72.47 per barrel on Monday, marking a decrease of US$2.56 compared to Friday’s closing rate of US$75.03, as announced by the Kuwait Petroleum Corporation. This decline comes amid a broader downturn in global oil markets. Brent crude prices fell by 91 cents, settling at US$68.76 […]
ISLAMABAD: AD Ports Group has launched its first representative office in Islamabad, marking a strategic move to strengthen trade and logistics partnerships in South and Central Asia. This new presence underscores the Group’s continued international expansion and long-term vision to become a vital enabler of regional commerce. Situated near Pakistan’s key federal ministries and regulatory […]
Dubai Land Department reports AED4.5B in real estate completions in H1 2025, with strong investor confidence and rising lease and sales activity. Dubai: Dubai’s real estate market continues to demonstrate robust momentum, with the Dubai Land Department (DLD) announcing the completion of 24 projects worth AED4.5 billion in the first half of 2025. This positive […]
Microsoft becomes second company in history to reach $4 trillion valuation, driven by strong quarterly results, AI and cloud service growth. New York: Microsoft $4 trillion milestone was achieved this week, making it the second company in history to surpass this valuation threshold. The tech giant’s market capitalisation soared past US$4 trillion after its shares […]
NEW DELHI: US President Donald Trump has labelled the Indian economy as “dead” while announcing new 25% tariffs on Indian imports from August 1. Trump’s outburst, delivered via a social media post, accused India of clinging to Russia and imposing high tariffs and “obnoxious” trade barriers on American goods. “I don’t care what India does […]
Joyalukkas partners with Emirates NBD for a AED 500 million working capital deal to support global expansion into the UK, USA, Canada, and Australia. Dubai: Joyalukkas, a global leader in jewellery retailing, has secured a landmark AED 500 million working capital facility from Emirates NBD to support its ambitious global expansion. The deal will empower […]
ChangAn Auto records best H1 sales in 8 years, driven by 48.8% NEV growth, global expansion, and a sharpened focus on the Middle East. Dubai: ChangAn Automobile has posted its strongest first-half sales in nearly eight years, achieving 1.355 million global vehicle sales between January and June 2025. This growth is underpinned by a significant […]
IBPC Dubai unveils strategic direction with high-level engagements, keynote by ex-Tata Motors CEO, and renewed sectoral influence. Dubai: The Indian Business & Professional Council (IBPC Dubai) launched a bold new strategic vision during an exclusive engagement for Platinum members, signalling its transformation from a community convenor to a powerful business catalyst. The invite-only event brought […]
