Dubai's property market is poised for continued growth during Ramadan 2026, with an 8-12% rise in activity predicted. This forecast stems from strong performance in Ramadan 2025, which saw a 20% increase in sales value, indicating a market less influenced by seasonal patterns and more by consistent buyer and investor confidence.
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The Central Bank of the UAE has partnered with Core42 to create the world's first sovereign financial cloud services infrastructure. This AI-powered platform aims to enhance efficiency, ensure data sovereignty, and bolster cybersecurity for the UAE's financial sector, positioning the nation as a leader in financial technology.
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ALAS Emirates Ready Mix, the UAE's largest concrete supplier, is establishing a new 160,000 sq ft production facility in Dubai Industrial City. Expected to be operational by Q3 2026, the plant will boost concrete production capacity and support the UAE's construction sector growth.
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Riyadh Air is launching daily flights to Cairo, adding to its initial network of London and Dubai. This route, chosen for its high passenger demand, aligns with Saudi Arabia's Vision 2030, aiming to boost tourism and economic diversification. The new carrier also introduced its loyalty programme, Sfeer, ahead of its first aircraft delivery and the commencement of commercial operations.
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Etihad Airways will deploy its A380 aircraft on a daily service between Abu Dhabi and Bangkok from October 25th. This marks the first time the superjumbo will fly to the Thai capital, significantly increasing capacity and offering premium features like 'The Residence' suite.
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Etihad Rail is launching its passenger service later this year, focusing on commuter, business, and family travel. The network aims to provide a reliable, productive, and restorative travel experience, with features like Wi-Fi, seating guarantees, and family-friendly options, reflecting UAE values.
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Abu Dhabi's KEZAD Group and Barakat Group are building the GCC's first industrial-scale baby food facility. This AED150 million plant will produce 90 million units annually, including fruit, vegetable, meat, and fish purées, all halal-certified, reducing reliance on imports and boosting local food security.
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Hatem Dowidar will step down as e& Group Chief Executive Officer on March 31, 2026, after a six-year tenure. Masood M. Sharif Mahmood will succeed him, also retaining his role as CEO of e& UAE. Dowidar's leadership saw e& transform from a telecom operator into a technology firm with a global presence, expanding into digital services, fintech, and more, coinciding with record financial results for 2025.
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