Author: Arabian Media staff

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…

The UAE’s ambition to become a global hub for artificial intelligence is now entering classrooms. EDNAS, a UAE-based education technology company, has launched the country’s first fully resourced AI literacy curriculum for schools. Covering Key Stage 1–3 (Years 1–9), the programme equips schools with complete lesson plans, activities, and resources designed to make AI education simple, practical, and ready to deliver from day one. Developed in collaboration with teachers and AI experts, and benchmarked against international standards including PISA 2029, the curriculum comes as the UAE accelerates its mandate for AI education nationwide. Initial pilots are already underway at Haileybury…

ELLE Residences scale model/Image: Supplied ANAX Developments, one of Dubai’s luxury developers, has announced the launch of ELLE Residences, its latest landmark project redefining branded living in the region. Slated for completion in Q3 2027, this development marks ELLE’s first branded residence in the Middle East, following the success of its debut residential tower in Miami. The collaboration brings together ELLE, owned by Lagardère Group, and ANAX Developments, blending ELLE’s global lifestyle ethos with ANAX’s expertise in Dubai’s evolving luxury market. The launch was celebrated with a glamorous event featuring world-class entertainment, including a dazzling runway showcase by designer Manish…

Image credit: Getty Images The UAE’s Fuel Price Committee has approved new retail fuel rates for the month of October, reducing diesel prices as global oil prices fall with expected low demand and upcoming supply boost, according to state news agency, WAM. – Diesel: Dhs2.71 per litre  increased from Dhs2.66 per litre in September – Super “98”: Dhs2.77 per litre a slight increase from Dhs2.70 per litre last month – Special “95”: Dhs2.66 per litre  increased from Dhs2.58 per litre in the previous month – E-Plus “91”: Dhs2.58 per litre a slight increase from Dhs2.51 in September UAE Fuel Price…

Chema Basterrechea is the global president and chief operations officer of Radisson Hotel Group. Chema Basterrechea is the global president and chief operations officer of Radisson Hotel Group, where he drives operations and profitability across more than 1,550 hotels in 100 countries. With over three decades of experience in hospitality leadership, he has led turnarounds, M&A integrations, and new market strategies that boosted performance and brand growth. After a recent trip to Dubai, he sat down with Gulf Business to explain how Radisson balances global strategy with regional agility, expands its GCC footprint, supports Saudi Arabia’s Vision 2030, and advances…

Image credit: Supplied FIVE Holdings, under the leadership of chairman and CEO Kabir Mulchandani, is rapidly redefining sustainability standards in the global hospitality industry. Headquartered in the Emirates, the company has earned an elite ‘A’ rating from Institutional Shareholder Services (ISS), placing it ahead of global heavyweights like Apple, Microsoft, Tesla, Hilton, and Marriott in environmental, social, and governance (ESG) performance. FIVE has emerged as the world’s only hospitality group powered entirely by green energy across its properties in Dubai, Ibiza, and Zurich. Read more-FIVE Holdings secures $460m facility to drive global expansion In partnership with DEWA through the I-REC…

JW Marriott Residences at Dubai Islands (render)/Image: Supplied CG Developers, the real estate arm of multinational conglomerate CG Corp Global, has officially launched the first JW Marriott Residences in Dubai. The milestone event featured the formal signing, the unveiling of JW Marriott Residences at Dubai Islands, Central, and the reveal of CG Developers’ new global brand identity. Founded in Nepal in 1935, the Chaudhary family built CG Corp Global into Nepal’s first and only multi-billion-dollar multinational conglomerate, with a 100-year legacy spanning four generations. CG Developers Global, established in 1995, has delivered over 2 million square feet of developments worldwide,…