Business News

World’s First Armani-Branded Villas Launch in Ras Al Khaimah on Raha Island

RAK Properties, in collaboration with Giorgio Armani and the SIE Group, has unveiled the world’s first Armani-branded villas on Raha Island in Ras Al Khaimah. The project, named Armani Beach Residences Ras Al Khaimah, will feature ultra-luxury villas and apartments designed personally by Giorgio Armani and his architectural team. Set against the stunning backdrop of […]

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Tecom Group Posts 22% Profit Surge, Announces Dh400 Million Interim Dividend

Tecom Group has reported a robust 22% year-on-year profit growth for H1-2025, reaching Dh737 million, backed by strong performance across its portfolio of business hubs. Revenue also climbed over 20% to Dh1.4 billion, driven by 95% average occupancy across its properties and 99% occupancy in its land lease portfolio. In line with this performance, the

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BEYOND Unveils PASSO, a Landmark Waterfront Development on Palm Jumeirah

BEYOND Developments, the luxury real estate brand by OMNIYAT Group, has announced PASSO a  bold, sculptural waterfront project located on the West Crescent of Palm Jumeirah. This marks BEYOND’s first venture outside Dubai Maritime City and signals a strategic leap in its vision to shape human-centric, experience-driven spaces. Launched in style with an immersive 4,000-drone

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Tesla Shares Tumble as Musk’s ‘America Party’ Escalates Feud with Trump

Tesla stock plunged 7% after CEO Elon Musk announced the formation of a new political movement—the “America Party” intensifying his ongoing feud with former U.S. President Donald Trump. The fallout from this latest development is being felt directly by investors, as market confidence in Tesla continues to waver. In a weekend statement, Musk revealed plans

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AMEA Power Joins Second Phase of Morocco’s Agadir Desalination Project with €250M Investment

AMEA Power, one of the Middle East’s fastest-growing renewable energy companies, has officially entered the second phase of the Agadir desalination project in Morocco, marking its first foray into the water sector in Africa. The expansion, part of a joint venture with Cox, will bring the plant’s capacity to 400,000 m³/day, making it one of

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The biggest shifts and trends driving short- and long-term growth in the future

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Credit Bank, which offers loans to people without credit score, has raised $15M

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