Author: Arabian Media staff
Image: Dubai Media Office Dubai Police have successfully thwarted the theft of a rare pink diamond worth $25m in a meticulously executed operation named ‘Operation Pink Diamond’, recovering the gem before it could be smuggled out of the country. The investigation revealed that the gang had been plotting the heist for over a year, targeting a diamond certified by a leading gemological institute with a unique purity rating — so rare that there is only a 0.01 per cent chance of finding another like it. The criminal scheme The suspects, all of Asian nationality, devised a sophisticated plan to deceive…
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Image: Joby Aviation Joby Aviation announced an industry-first: completing a piloted test flight between two public airports in the U.S., from Marina (OAR) to Monterey (MRY). This milestone is a strong signal of Joby’s commercial market readiness, showcasing operational capabilities that will be core to Joby’s planned Dubai launch in 2026. The achievement highlights Joby’s ability to operate in real-world conditions, integrating with existing airport infrastructure and air traffic control, all key steps in preparing for passenger service in Dubai. FAA-controlled airspace: Joby successfully navigated alongside other aircraft, travelling 10 miles in 12 minutes, including a five-minute holding pattern at…
Image: Supplied With US equities increasingly dominated by a handful of mega-cap stocks and global markets facing heightened geopolitical uncertainty, investors are questioning how best to protect and grow their wealth. In this interview, Gulf Business speaks with Angelina Lai, chief investment officer for Asia & Middle East at St. James’s Place (SJP), about how the firm is addressing the “US Concentration Conundrum”, the importance of diversification for Middle East investors, and why regions such as Europe, Japan, and emerging markets are offering attractive opportunities. The latest CIO Quarterly Insights highlight rising concentration risks in the US market, with just…
Bay Villas in Dubai render/Image: Supplied Nakheel, a member of Dubai Holding Real Estate, has awarded a contract worth Dhs2.6bn to Fibrex Contracting for the construction of Bay Villas at Dubai Islands. The waterfront community will feature 636 luxury residences across five distinct property types, marking one of Nakheel’s most ambitious residential projects to date. The development builds on Nakheel’s established partnership with Fibrex Contracting, following their collaboration on the District One West community in Mohammed Bin Rashid Al Maktoum City (MBRAMC). Bay Villas will introduce a variety of premium homes, including Townhouses, Semi-detached Villas, Garden Villas, Waterfront Villas, and…
Image: Supplied In just three decades, Dubai has risen from a modest seaside town into one of the first great cities of the 21st century by leveraging its location and bold global ambitions. Yet the city’s best days may still lie ahead. Today’s geopolitical tensions and trade protectionism are a far cry from the globalization ethos that helped fuel Dubai’s rise, but they play to the city’s strategic strengths. Dubai’s leaders promoted real estate development, finance, shipping, aviation, and tourism, and in the space of a generation built a dynamic city that boasts the world’s tallest building and busiest international…
Image: He Yujin, vice president of Huawei Intelligent Collaboration Huawei, a global leader in ICT infrastructure and smart devices, has launched its latest flagship conference whiteboard – the IdeaHub S3 – in partnership with Eros Group, the official IdeaHub Gold Distribution Partner. Designed to transform workplace collaboration, the new solution enables enterprises to embrace a new era of intelligent communication and efficiency. “The new IdeaHub S3, built on our groundbreaking AI+ architecture, delivers advanced capabilities including smarter interaction, enhanced image quality, real-time interpretation, and insightful meeting summaries,” said He Yujin, vice president of Huawei Intelligent Collaboration. “With this launch, we…
Image credit: Getty Images The Board of the Capital Market Authority (CMA) of Saudi Arabia has approved a regulatory framework governing foreign investment in securities, placing a 49 per cent ceiling on total foreign ownership in any listed company or its convertible debt instruments. However, foreign strategic investors are exempt from this cap, provided they hold their shares for a minimum of two years. What is the difference between the qualified foreign investor (QFI) and the strategic foreign investor? According to Capital Market Authority, a Qualified Foreign Investor (QFI) is a foreign investor that is qualified, in accordance with the…
Image: Getty Images District cooling services provider Emirates Central Cooling Systems Corporation (Empower) has signed a contract to design a new district cooling plant at Dubai Science Park. The facility will have a total production capacity of 47,000 Refrigeration Tonnes (RT) and will serve nearly 80 mixed-use buildings in the community. Construction is scheduled to begin by the end of the first quarter of 2026. Dubai Science Park, the region’s first free zone dedicated to the science sector, hosts hundreds of companies and over 3,000 specialised professionals. It serves as an innovation hub for entrepreneurs, SMEs, and multinational corporations engaged…