Author: Arabian Media staff
Image: Getty images DMDC, one of the region’s fastest-growing interior design and construction firms, has officially launched DMDC Estates — a new division dedicated to property investment and renovation that aims to transform Dubai’s high-end real estate market. The announcement was made during a private press conference and marks the company’s largest strategic investment since its inception. DMDC has allocated Dhs70m to kickstart a portfolio of premium residential projects, with flagship developments already underway in Arabian Ranches, Jumeirah Golf Estates, and Emerald Hills. An additional Dhs30m investment is planned for the second half of 2025, bringing the total capital commitment…
The couple are preparing to list their sprawling U.K. farmhouse after living there for just one month before moving on to a larger, more modern estate. Source link
Kuwait skyline/Image: Getty Images Empower Insulated Pipe Systems (ELIPS), a wholly owned subsidiary of Emirates Central Cooling Systems Corporation (Empower), has signed a new contract to supply insulated pipes for the Ali Al-Sabah Military Academy project in Al Zahra, Kuwait. The scope of the contract includes pipe sizes ranging from 25 mm to 800 mm and covers a total network length of 19 kilometres. Deliveries are set to begin in the fourth quarter of 2025, marking the start of the project’s infrastructure implementation phase. A leading regional provider of insulated pipe systems and advanced thermal solutions, ELIPS is known for…
The Federal Reserve, by not cutting interest rates, is risking the creation of a deflationary downturn called a Kindleberger Spiral, a leading bond manager says. Source link
Image credit: Getty Images Saudi Arabia and the United Arab Emirates have secured spots among the world’s top 20 nations for artificial intelligence (AI) talent density, surpassing established players such as Italy and Russia, according to the latest edition of the Global AI Competitiveness Index. Read: Building trust in AI: The UAE’s journey to a digital cognitive future The report, released by the International Finance Forum (IFF) in collaboration with Deep Knowledge Group (DKG), reveals that the UAE and Saudi Arabia account for 0.7 per cent and 0.4 per cent of the global AI talent pool, respectively. The rankings mark…
The American Idol runner-up listed the sprawling L.A. home, with a kitchen that is “pure drama,” for almost $7.4 million. Source link
The Emirates Nuclear Energy Company (ENEC) and Hyundai Engineering & Construction (Hyundai E&C) have signed a memorandum of understanding (MoU) in Seoul to explore international opportunities in nuclear energy, as global demand for clean and scalable electricity intensifies. The agreement builds on the longstanding UAE-Korea partnership in the nuclear sector and aims to advance civil nuclear deployment in line with projections by the International Energy Agency (IEA) and the International Atomic Energy Agency (IAEA), both of which foresee a sharp rise in global nuclear capacity through 2030 and 2050. The MoU outlines a framework for knowledge sharing, joint project evaluations,…
Shares of health device maker Phillips rallied as much as 14% on Tuesday as the company lifted its earnings guidance despite a hefty hit from tariffs. Source link
Image credit: WAM/Website The Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) in UAE has issued a public warning urging citizens, residents, and visitors to use only authorised platforms when applying for services related to entry, residency, and employment in the UAE. The authority cautioned against responding to misleading advertisements by unauthorised offices or companies promoting their services through websites and social media platforms, a WAM report said. Read-Scam alert: Beware of phishing emails that impersonate CBUAE According to the ICP, its official services are accessible through simplified and user-friendly procedures on its website, smart application, and through…
Image: Getty Images/ For illustrative purposes Arada Developments has successfully raised $450m through a five-year sukuk issuance, marking a strong return to international debt markets with a deal that was more than four times oversubscribed. The RegS Sukuk, priced with a fixed coupon of 7.150 per cent, drew peak orders exceeding $2bn, excluding joint lead managers. The transaction priced 47.5 to 60 basis points tighter than initial guidance of 7.625 to 7.750 per cent, landing at a spread of 317 bps over US Treasuries. The paper is rated BB- by Fitch and B1 by Moody’s and has been listed on…