Author: Arabian Media staff

Image credit: Supplied Imtiaz Developments, one of Dubai’s leading luxury real estate developers, has announced the successful handover of Westwood Grande II, a contemporary residential development offering fully furnished studio and one-bedroom apartments. The handover was attended by senior officials from the Dubai Land Department and prominent figures from the real estate sector, marking another on-schedule delivery in line with the developer’s consistent track record. Westwood Grande II, located in Jumeirah Village Circle, exemplifies Imtiaz’s design-first philosophy, with every residence offering spacious layouts, premium branded finishes, and integrated smart home systems. The project features a range of upscale amenities including…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Deutsche Bank has laid out a steeper than expected capital hit from new rules on how banks calculate risk, as European lenders begin to reveal the impact of Basel IV reforms.Under the new rules, which will be fully implemented by 2033 and limit the extent to which banks can use internal models to calculate their risk-weighted assets, Deutsche’s RWAs would increase by one-third, based on figures from the lender’s latest Pillar 3 report which includes key information required from banks under the…

Image credit: WAM/Website Registration is now open for the 19th edition of the Dubai Airshow, set to take place from 17 to 21 November 2025 at Dubai World Central. The landmark event returns with a focus on advancing innovation, enhancing connectivity, and shaping the future of the global aviation and defence sectors. Read-Dubai’s aerial taxi services: RTA tests region’s first flight Building on its reputation as one of the world’s most influential aerospace events, Dubai Airshow 2025 will serve as a critical platform for accelerating cutting-edge technologies and fostering cross-sector collaboration. The show will reflect the UAE’s bold vision for…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Individuals should be able to invest in private assets within Isas, according to the chief executive of the Investment Association, even as some of the UK’s largest wealth managers express concerns over their suitability for retail. Chris Cummings, chief executive of the IA, which represents fund groups, wealth managers and private equity firms overseeing £9.1tn, told the Financial Times that semi-liquid private asset funds should be made more widely available in tax-efficient wrappers.This could have a “profound” effect on improving people’s retirement…

Chinese car brands are rapidly gaining traction in the UAE’s used car segment, reflecting shifting consumer preferences and a broader realignment of market dynamics in the region, reveals Sebastian Fuchs, managing director of AutoData Middle East. Fuchs, whose firm operates the Vehicle Report platform, a data-driven tool launched last year to boost transparency and trust in used vehicle transactions, says Chinese brands are accelerating in both sales and long-term value retention. “Chinese brands have notably accelerated, with Jetour growing 150.4 per cent YoY, becoming the 4th most popular brand,” Fuchs told Gulf Business. “Among newer entrants, the Jetour X70S STD…

One scoop to start: Matthew Freud is looking at options to sell his eponymous PR consultancy after 40 years as one of London’s top spin-doctors and corporate fixers.And another scoop: Ken Griffin’s hedge fund Citadel has been outshone by smaller rivals so far this year, as the firm was stung by the market volatility unleashed by Donald Trump’s trade war.And one more scoop: A two-year-old Swedish artificial intelligence start-up that promises to make programming an app as easy as writing a few sentences is nearing a valuation of almost $2bn, in the latest sign of investor fervour for AI coding…

Image: DP World Autoworld International, a regional distributor for India’s Bajaj Auto, announced a Dhs45m investment to develop a new logistics and distribution facility in Dubai’s Jebel Ali Free Zone (Jafza), aiming to strengthen its automotive supply chain across the Middle East and Africa. The 162,000-square-foot facility will include an assembly plant for Bajaj motorcycles and three-wheelers, alongside warehousing for spare parts, tyres, and lubricants. The project, expected to be completed by 2026, is positioned to meet rising demand in high-growth, cost-sensitive markets across the region. “This facility marks a major step forward in our growth strategy. Jafza’s connectivity, infrastructure,…

This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersThe US Senate passed President Donald Trump’s budget yesterday by the smallest possible margin. Now it’s back to the House of Representatives for final approval, where concerns about the bill’s deficit implications will remain an obstacle. The bond market shrugged off the whole event; the 10-year Treasury yield rose less than 2bp after the bill passed. But the dollar continued to inch lower. Email us: unhedged@ft.com.The…

Image: Supplied At the recent Family Office Summit in Abu Dhabi, global investors managing over $500bn in assets gathered to exchange ideas, explore partnerships, and chart the future of wealth. From next-gen leadership and gender diversity to wealth tech and sustainability, the summit reflected a key shift in how family offices are evolving — both globally and in the UAE. In this interview with Gulf Business, the summit’s chairman Obediah Ayton unpacks the most significant takeaways and explain why Abu Dhabi is fast becoming the world’s most influential platform for private capital. The Family Office Summit in Abu Dhabi brought…

Stay informed with free updatesSimply sign up to the Media myFT Digest — delivered directly to your inbox.Matthew Freud is looking at options to sell his eponymous PR consultancy after 40 years as one of London’s top spin-doctors and corporate fixers.Freud, who has spent decades working for celebrity clients such as Sir Jony Ive and Sir Lewis Hamilton, has hired boutique investment bank Robey Warshaw to kick off a process to find a buyer for the London-based business, according to several people with knowledge of the details. Robey Warshaw partner and former Conservative chancellor George Osborne is leading a review…