Author: Arabian Media staff
Entrance to a Spinneys supermarket in Dubai, UAE. (Credit: Getty Images) Spinneys, which first opened its doors in Dubai’s Al Nasr Square in 1961, is now set to expand into Southeast Asia. The UAE-based premium grocer has signed a joint venture with conglomerate Ayala Corporation to launch a series of supermarkets in the Philippines, marking a new chapter in its international growth story. Under the agreement, Ayala will hold a 60 per cent stake and Spinneys a 40 per cent. The first store is scheduled to open in the fourth quarter of 2026, with a pipeline of further outlets to…
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Moksh Garg, managing director of Centurion Properties/Image: Supplied Centurion Properties has officially unveiled Burj Capital Business Bay, a Grade A+ office tower designed to redefine Dubai’s commercial real estate landscape. The launch event, held on September 29, 2025, at JW Marriott Marquis Hotel, marked the opening of Phase 2 of the project and positioned the tower as one of the most prestigious commercial developments in the region. Strategically located in Business Bay, minutes from Burj Khalifa, Dubai Mall, DIFC and Dubai Design District, Burj Capital embodies Dubai’s ambition as a global hub of enterprise and innovation. With more than 238+…
Saving for retirement is one of the smartest steps you can take for your financial future. And with higher 401(k) contribution limits in 2025, now is a great time to review your plan and make sure you’re taking full advantage of this tax-deferred account. Here are four simple and effective ways to maximize your 401(k) contributions this year. Set Up Automatic Increases One of the easiest ways to grow your 401(k) savings over time is by setting up automatic contribution increases. If your 401(k) plan allows you to schedule small annual boosts to your contributions, it can help you steadily…
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Image: Getty Images The Turkish Central Bank’s gross total reserves are expected to rise by $4bn to a record $183bn as of last week, according to the calculations of four bankers. Earlier this month, traders said the central bank had again started bolstering its foreign exchange stockpile after selling nearly $10bn in two weeks to curb a downturn in the lira, stocks and bonds due to renewed political risks. The bankers said the central bank’s net reserves were also expected to increase by $2.5bn to $73bn, while its net reserves excluding swaps were expected to increase by $4bn to $57bn. The…
Image: Getty Images Spot premiums for Middle East crude oil unexpectedly slumped at the end of September despite stockpiling demand from top importer China, as there were ample supplies in Asia from Russia, and producers in the Gulf and other regions, traders said. The sudden weakness in benchmarks – Dubai, Oman and Murban – could put Saudi Arabia in a quandary, they said, as the world’s top exporter is expected to raise official selling prices next month for November-loading supplies to Asia. A total of 39 cargoes, or 19.5 million barrels of crude, were delivered via trades during the S&P Global Platts Market on Close process that assesses the Dubai…
Videogame developer Electronic Arts (EA) has agreed to sell itself to a group of private investors in a deal that values the maker of “Battlefield” and “Madden NFL” at $55bn, which if completed would be the largest leveraged buyout in history. Saudi Arabia’s Public Investment Fund, Jared Kushner’s Affinity Partners and private equity firm Silver Lake came together to buy the popular videogame maker with a combination of $36bn in cash, equity already held by PIF, and $20bn in debt financed by JPMorgan, the company said Monday. For PIF, Saudi Arabia’s $1tn wealth fund, the investment is a massive opportunity to push ahead with efforts to…
Image: Supplied/ Lightspeed Rubrik has built its reputation on cyber resilience, but operating at global scale requires strong business fundamentals. What operational priorities are you focused on to ensure profitability while still growing aggressively? Our operational priorities are focused on driving long-term growth and profitability. We manage our performance with key measures that we report each quarter. The market for cyber resilience is massive and expanding, particularly as companies adopt cloud and AI, and threats increase. To capture substantial market share, we continue to build a portfolio of products and innovate at different stages and at different levels of risk.…
Image: Supplied Dubai Holding Investments, the investment arm of Dubai Holding, together with Brookfield Properties, a global real estate asset manager, has announced the launch of Solaya—an exclusive collection of 234 beachfront residences in Dubai’s Jumeirah 1. Drawing on the strength of the Meraas brand under Dubai Holding Real Estate, the project represents the next chapter in the long-standing collaboration between Dubai Holding Investments and Brookfield. Having already delivered several of Dubai’s most iconic retail and lifestyle destinations, the partners are now setting a new benchmark for luxury living in the city’s residential sector. A landmark design Spread across nine…