Dubai is set to become the first city outside of Europe to host the World Retail Congress. It has won the bid to stage the 10th edition of the international gathering, which will take place next year. The announcement came during the concluding day of the latest session in Rome, where a Dubai trade mission participated. The retail sector is a key pillar of the emirate’s economy, contributing about 29% to the GDP last year.
ADNOC L&S completes acquisition of 80% stake in Navig8
ADNOC Logistics and Services plc on Wednesday announced the completion of its acquisition of an 80 per cent stake in Navig8 for $1.04 billion (AED3.8 billion), with a contractual commitment to acquire the remaining 20 per cent in mid-2027.
Donald Trump announces $20 billion Damac US investment
Donald Trump has announced a $20 billion (AED 73.4 billion) investment from Damac Properties to build data centres across the United States.
Meta elects UFC CEO Dana White, two others to board
Meta Platforms has elected three new directors to its board, including Dana White, CEO of Ultimate Fighting Championship (UFC) and close friend of President-elect Donald Trump.
Abu Dhabi launches new Registration and Licensing Authority
Abu Dhabi launched Abu Dhabi Registration and Licensing Authority (ADRA) on Monday, aiming to further enhance and regulate the business sector across the emirate.
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