JLL: UAE real estate market sees industrial rent surge and mixed residential trends in Q1 2026 JLL Q1 2026 report finds the UAE real estate market led by double‑digit industrial …
Business
-
Business
US Dollar Steadies as Markets Await Middle East Developments
by James Bryantby James BryantDollar exchange rate steadies as markets await Middle East developments Dollar exchange rate steadies at 99.17 as markets pause; euro $1.1634, pound $1.346, yen 159.66, bitcoin near $71,278. Global markets …
-
Business
Gold holds steady amid rising inflation and rate‑hike concerns
by James Bryantby James BryantGold prices steady at $4,484.49 per ounce as inflation and rate‑hike worries keep markets cautious Gold prices held at $4,484.49 per ounce on June 2, 2026, as investors weighed inflation …
-
Business
Abu Dhabi Real Estate Centre suspends rent increases on all leases
by James Bryantby James BryantAbu Dhabi rent increase freeze announced by Real Estate Centre, halting rent hikes on all contracts Abu Dhabi Real Estate Centre suspends rent increases for new and renewed leases until …
-
Business
UAE banks close 38 branches as customers shift to digital banking
by James Bryantby James BryantUAE bank branches fall from 553 to 515 as customers move to digital banking Central Bank data show UAE bank branches fell from 553 to 515 between March 2025 and …
-
Business
Dubai retail records over 40% sales growth during Eid Al-Adha holiday
by James Bryantby James BryantDubai retail sales rise over 40% during Eid al-Adha as mall footfall exceeds 50% Extended Eid al-Adha holiday and a five-day ‘Major Discounts’ campaign boosted Dubai retail sales by over …
-
Business
Campus AI announces France expansion to 3 gigawatts with Bpifrance and Mistral
by James Bryantby James BryantCampus AI to expand to 3 GW across France in consortium-backed push Campus AI to expand to 3 GW across France, backed by BP France, Mistral, MGX and NVIDIA, creating …
-
Business
DEWA launches 1,994 new 11kV distribution substations in 2025
by James Bryantby James BryantDEWA commissions 1,994 new 11kV distribution stations in 2025, a 30% surge on 2024 DEWA commissioned 1,994 new 11kV distribution stations in 2025, a 30% rise from 2024, expanding Dubai’s …
-
Business
Samsung Electronics Overtakes Micron as Global Automotive Memory Chip Leader
by James Bryantby James BryantSamsung Tops Automotive Memory Chips Market, Overtakes Micron — S&P Global Mobility Samsung Electronics rose to lead the automotive memory chips market last year, claiming a 40% share while Micron …
-
Business
UAE fuel prices approved for June as diesel falls to AED 4.33
by James Bryantby James BryantUAE fuel prices for June 2026: diesel cut to AED4.33/l, petrol sees modest changes UAE fuel prices for June 2026: diesel lowered to AED4.33/l and petrol sees modest adjustments. Committee …