Business from Monday, May 5th, 2025

For the third year in a row, Dubai has been ranked as the top global destination for attracting Greenfield FDI projects in cultural and creative industries, as per the Financial Times’ ‘fDi Markets’ report, covering 233 cities.

Dubai Holding is preparing an initial public offering (IPO) of its residential real-estate investment trust (REIT) on the Dubai Financial Market (DFM).

Dubai’s viral pistachio-filled chocolate bars are driving up revenue at Dubai Duty Free, accounting for 4 per cent of the total business in April.

ADNOC Gas plc and its subsidiaries has announced net income of $1.27 billion and EBITDA of $2.16 billion for the first quarter of 2025, exceeding the equivalent quarter in 2024 by 7 per cent and 4 per cent respectively.