Dubai: Arada has awarded the main construction contract for the ultra-luxury Armani Beach Residences at Palm Jumeirah to a subsidiary of global construction giant China Railway Group Ltd (CREC). Valued at AED678 million, the contract will result in the development of the landmark project by the end of 2027. According to Emirates News Agency, CREC subsidiary China Tiesju Civil Engineering has extensive experience across the Middle East, Africa, Latin America, and Asia in executing complex projects. The conglomerate’s track record of on-time delivery underscores Arada’s commitment to setting a new standard for the high-end Dubai residential market. Designed in partnership

Dubai: Commercial Bank of Dubai (CBD) has announced its financial results for the second quarter and first half of 2025, achieving a remarkable milestone of 20 consecutive quarters of profit growth. The Bank reported a net profit before tax of AED1.862 billion, representing a 16.7 percent increase compared to the same half last year. According to Emirates News Agency, CBD’s strong growth was further underscored by its total assets surpassing AED150 billion for the first time in its history, reflecting sustained momentum and strategic execution. This performance has been driven by solid customer engagement, robust lending activity, and broad-based economic

Abu dhabi: Abu Dhabi Islamic Bank (ADIB) today announced a 16 percent year-on-year increase in pre-tax net profit for the first half of 2025, reaching AED4 billion, reflecting strong balance sheet growth, continued business momentum, and a rising customer base. The bank delivered another record performance in Q2 2025, with pre-tax net profit up 14 percent year-on-year to AED2 billion. According to Emirates News Agency, net profit after tax for the first half reached AED3.5 billion, up 15 percent versus H1 2024. For the second quarter, net profit reached AED1.8 billion, an increase of 13 percent compared to the same

Dubai: Dubai Design Week is set to return for its 11th edition from 4th to 9th November 2025, under the patronage of H.H. Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority and member of Dubai Council. According to Emirates News Agency, the event is organised in partnership with Dubai Design District (d3), part of TECOM Group, and supported by Dubai Culture, coinciding with the UAE’s Year of Community. This year’s programme will explore design as a social connector and civic tool, aiming to encourage participation and cohesion through cultural exchange, dialogue, and innovation.

Abu dhabi: Total banking sector assets in the UAE, including bankers’ acceptances, rose by 0.6 percent month-on-month to exceed AED4.749 trillion at the end of April 2025, up from approximately AED4.719 trillion at the end of March. According to Emirates News Agency, the Summary Report – Monetary and Banking Developments – April 2025 issued by the Central Bank of the UAE (CBUAE) indicated a 0.9 percent increase in total bank credit, reaching over AED2.259 trillion by the end of April. This growth was driven by a rise of AED12.3 billion in domestic credit and AED7.1 billion in foreign credit. The

Abu dhabi: The Abu Dhabi Music and Arts Foundation (ADMAF) and France’s Manufactures nationales, comprising S¨vres and Mobilier national under the Ministry of Culture, have entered into a Memorandum of Understanding aimed at promoting cultural dialogue through collaboration, innovation, and educational initiatives. This agreement intends to aid emerging talents, enhance skills among established artists, and preserve the evolution of heritage crafts. According to Emirates News Agency, the agreement was formalized on July 21, 2025, by Huda Alkhamis-Kanoo, Founder of ADMAF and Abu Dhabi Festival, and Herv© Lemoine, President of Manufactures nationales, with Minister Rachida Dati, French Minister of Culture, witnessing

Abu dhabi: Abu Dhabi Fund for Development (ADFD) has announced the inauguration of a comprehensive social housing project in the city of Berbera, Somaliland. The project, valued at AED27.5 million (approximately US$7.5 million), underscores the UAE’s long-standing commitment to promoting sustainable development in Somaliland. It includes the construction of 300 residential units designed across three housing categories, to accommodate diverse family needs. It also involves the development of critical infrastructure, including potable water systems, sewage and stormwater drainage networks, internal roads, landscaped green spaces, and facilities providing essential services. According to Emirates News Agency, this transformative project is part of

Abu dhabi: Abdulla bin Mohammed bin Butti Al Hamed, Chairman of the National Media Office (NMO) and Chairman of the Board of Directors of the UAE Media Council, has reaffirmed the UAE’s commitment to strengthening its global position as a leading hub for media production, emphasising that expanding international partnerships in the media sector remains a national priority for the coming phase. Al Hamed stated that the UAE Media Council, under the directives of the leadership, is advancing flexible policies and regulations that enhance the country’s regional and global competitiveness. According to Emirates News Agency, this approach contributes to solidifying