Madinat Exits Icon Investment

Madinat Holding has signed final agreements to fully divest from its investment in Icon Limited hotel group, transferring its stake to Abu Dhabi Development Holding.

Madinat Holding has announced the signing of final agreements for a complete divestment from its investment in Icon Limited hotel group, transferring its stake to Abu Dhabi Development Holding Company.

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2026-01-27T13:27:18+00:00

Dubai Residents' Spending on Main Categories

Recent figures have shown that Dubai residents spend 40.68% of their monthly income on housing, electricity, water, gas, and fuel. Meanwhile, they spend 11.66% on food and beverages, and 9.32% on transportation.

Economy Local

2026-01-27T13:27:12+00:00

Launch of "Liora" Project in Dubai

JaiedCo unveiled its new coastal residential project "Liora" at an exclusive event in Dubai. The project, located in The Islands of Dubai, introduces a new concept of upscale seaside living, blending modern design with natural beauty.

Economy Events Local

2026-01-27T13:16:07+00:00

UAE Stocks Turn Profitable on Tuesday

UAE stocks turned profitable on Tuesday, with purchases returning to leading sectors, especially banks and real estate. This growth indicates a recovery in investor confidence and strengthening of the country's economy.

Economy Local

2026-01-27T13:14:34+00:00

Dubai Chamber Organizes Business Meeting at Gulfood 2026

The Dubai World Trade Chamber held a business meeting during Gulfood 2026, offering participants a platform to network and discuss the food industry's prospects.