UAE

Dubai financial sector hub set for multibillion-dollar expansion

The development will have capacity to host 42,000 companies and will be delivered by 2040

Gulf borrowers are also increasingly seeking financing in Chinese yuan to facilitate trade.

China is lending to the Gulf at record pace, tightening ties

Dim sum and panda bonds are both denominated in Chinese yuan

Andrew Lim, CapitaLand Investment's group chief operating officer, says the real asset manager also intends to strengthen relationships with its capital partners.

CapitaLand eyes Gulf region’s ‘deep, liquid pools of capital’, investments in logistics, hospitality  

Real asset manager intends to grow its presence and engage investors in the region, as the oil-producing nations reinvent themselves

HSBC Asset Management had assets under management worth US$852 billion as of the end of September last year.

HSBC launches UAE asset management business to tap into wealth influx 

The bank has focused its growth efforts on regions such as Asia and the Middle East

Kaws' massive Companion sculpture makes a splash at Souq Al Mina waterfront.
FEATURE

Under Kaws’ moonlit glow, a Singaporean leads Manar Abu Dhabi’s night-time art show

Curator Khai Hori turns mangroves, deserts and historic sites into a cosmic wonderland

Each company is slated to receive AI chips with the computing power equivalent to 35,000 GB300 processors from Nvidia, according to the Commerce Department.

US approves sale of 35,000 AI chips to UAE’s G42, Saudis’ Humain

The deal is contingent on both companies meeting “rigorous security and reporting requirements”, the Commerce Department says

SRTs, frequently referred to as synthetic risk transfers, are a way for banks to insure loans against defaults.

Abu Dhabi banks lay groundwork for potential risk transfer deals

The global SRT market is set to expand 11% annually on average in the next two years

The licenses mark the first permits for Nvidia AI chip sales to the Gulf nation since US President Donald Trump took office.

US approves some Nvidia UAE sales in step of Trump AI diplomacy

Artificial intelligence is among the top priorities for the Gulf nation, which is spending massively on infrastructure at home and overseas

Home prices in Dubai are up more than 70% over the past four years, fuelling a broader construction boom.

Dubai Investments seeks to ride property boom with unit’s IPO

The city’s property market has been surging, driven by foreign buyers drawn by liberalised visa rules and growing end-user demand