Nakheel has partnered with Hilton Worldwide to manage a new hotel at Jumeirah Village Triangle. The Dubai developer has signed a letter of intent with the hotel chain for the 18-storey property. The 256-room hotel will be managed under the Double Tree by Hilton brand, which caters to business and leisure travelers. It will be linked to Al Khail Avenue, a mall that will house 350 shops, restaurants and entertainment outlets.
DMCC unveils plans for new financial centre
DMCC — Dubai’s leading international business district — has announced plans to create a new Financial Centre that will anchor trade finance, fintech innovation and digital asset solutions across its 26,000-member community.
UAE cuts key interest rate by 25 basis points
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15 per cent to 3.90 per cent, effective from Thursday, October 30.
UAE-based companies contribute to $28 billion investments to Syria
Syrian President Ahmed Al-Sharaa announced that the country has attracted approximately $28 billion in investments during the first six months of this year, highlighting significant participation from companies based in the UAE, Saudi Arabia, and Qatar.
H.H. Sheikh Mohammed highlights expansion of economic ties with Africa
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has emphasised the UAE's commitment to strengthening economic ties with African nations.
Abu Dhabi Airports posts strong passenger, cargo growth
Abu Dhabi Airports has reported its 18th consecutive quarter of double-digit passenger growth.
