Author: Arabian Media staff
Image: Motivate Media Group Shark Tank’s Kevin O’Leary is going all-in on the UAE. The outspoken investor has partnered with One Development as a brand ambassador, drawn by the company’s ambitious vision to fuse AI and real estate. “I’m not just endorsing it — I’ll be living in it,” says O’Leary, who plans to move into the Laguna Residences as part of his growing stake in the region’s future. We caught up with him at One Development’s new office on Saadiyat Island during his recent visit to Abu Dhabi to mark the announcement of the partnership. In our conversation, O’Leary…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Millions of patients will be granted direct access to clinical trials under the expansion of the NHS app as part of the government’s long-awaited 10-year plan for the UK health service.Health secretary Wes Streeting on Monday said the National Institute for Health and Care Research, a public funder of health research, would integrate a “Be Part of Research” platform with the NHS app, allowing “millions” of Britons to search for and enrol in clinical trials. The NHS 10-year plan, to be presented…
Stay informed with free updatesSimply sign up to the Oil & Gas industry myFT Digest — delivered directly to your inbox.A consortium led by Abu Dhabi’s national oil company has bid to take over one of Australia’s largest energy companies for around $19bn (A$29bn). Adelaide-based Santos said that XRG, comprised of the Abu Dhabi National Oil Company, Abu Dhabi Development Holding Company and US private equity fund Carlyle, had tabled an indicative cash offer of US$5.76 a share — equivalent to A$8.89 — which represented a 28 per cent premium to the company’s closing share price last week. Santos has…
Oil futures jumped as the market reopened Sunday night, building on last week’s surge after Israel attacked Iranian energy facilities over the weekend and underlining fears around potential disruption to Middle Eastern crude flows. Source link
Stay informed with free updatesSimply sign up to the Utilities myFT Digest — delivered directly to your inbox.The UK government should explore different models of ownership in the embattled water industry, including the potential renationalisation of privatised companies, a cross-party group of MPs said on Monday.In a highly critical report, the House of Commons environment, food and rural affairs committee called for “root and branch” reform of the sector and urged ministers to consider bringing Thames Water under temporary state control. “We see merits in the argument that the current models of ownership in the water industry may not be…
Stay informed with free updatesSimply sign up to the UK house prices myFT Digest — delivered directly to your inbox.Asking prices for UK homes fell in June, bucking the trend for rises at this time of year, according to data that showed the biggest declines in London and the south of England where more properties were put up for sale. Average new seller asking prices dropped 0.3 per cent to £378,240 between May and June, Rightmove said on Monday, after a 0.6 per cent increase between April and May.Prices have risen by an average of 0.4 per cent in June…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The US has fallen out of the top three growth markets for UK manufacturers for the first time in nearly four decades, according to an industry survey that highlights the impact of higher tariffs.In May, just 18 per cent of British manufacturers expected “positive demand conditions” in the US over the next three months, less than 56 per cent for Europe, 23 per cent for the Middle East and 20 per cent for Asia, according to a quarterly survey by manufacturers association…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Luca de Meo is to step down as chief executive of Renault, as Kering hires the 58-year-old Italian to spearhead a turnaround of the struggling French luxury group, according to people briefed on the plan. The appointment marks a sharp break with established practice at Kering, owner of the Gucci and Saint Laurent brands, which has been led by a member of the controlling Pinault family for two generations.The company’s poor performance in recent years has raised questions about its management and strategy.…
Image: Getty Images/ For illustrative purposes The UAE’s Ministry of Energy and Infrastructure (MoEI) has announced a new initiative aimed at improving the quality of life for senior citizens and residents, under the banner ‘We Are Your Support’, as part of the national ‘Year of the Community‘ campaign. The initiative introduces a suite of innovative and integrated services designed to enhance the well-being, dignity, and independence of elderly citizens and long-time residents. Key components include the National Housing Specifications Guide for Senior Citizens, free housing design options via the ‘Darak’ platform, and voluntary engineering consultations in energy, electricity, and construction…
Image: Dubai Media Office The UAE’s non-oil foreign trade surged by 18.6 per cent year-on-year in Q1 2025, reaching Dhs835bn, as the country accelerates toward its economic diversification targets ahead of schedule, according to Vice President and Prime Minister of the UAE and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum, Dubai Media Office (DMO) reported. Sheikh Mohammed stated: “The UAE’s non-oil foreign trade saw growth of 18.6 per cent year-on-year in the first quarter of this year, reaching Dhs835bn (global average is 2-3 per cent). The nation’s non-oil exports experienced exceptional growth, surging by 41 per cent annually.”…