Neesha Salian

United Arab Emirates

Editor at Gulf Business

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Articles

6,700 millionaires relocated to the UAE in 2024, reports reveals

13 hours ago | gulfbusiness.com | Neesha Salian

Dubai is poised to attract a major surge of international wealth in 2025, potentially reshaping its role in the global financial system, according to a new report by real estate brokerage Betterhomes. Titled Dubai: No Longer a Pit Stop, But the Finish Line for Global Wealth, the report outlines how shifting global geopolitical and economic dynamics are fueling high-net-worth individual (HNWI) migration to the UAE. This, in turn, is transforming Dubai’s prime real estate landscape.
Trump visit: Qatar, US sign major defence, commercial agreements

13 hours ago | gulfbusiness.com | Neesha Salian

Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani and US President Donald Trump on Wednesday witnessed the signing of a series of agreements and memorandums of understanding (MoUs) at the Amiri Diwan in Doha, reflecting deepening strategic ties between the two countries, Qatar News Agency reported.
How customers can benefit from talabat and Bolt's new partnership

1 day ago | gulfbusiness.com | Neesha Salian

Talabat, the region’s leading delivery platform, and global mobility company Bolt have partnered to bring added convenience and savings to UAE users. The collaboration offers talabat pro subscribers exclusive discounts on Bolt rides, combining two of the most widely used apps in the daily routines of residents across the UAE. For users, the result is simple: fewer apps, more savings, and a more connected lifestyle.
MSCI adds Dubai's DEWA to emerging markets index

1 day ago | gulfbusiness.com | Neesha Salian

MSCI, a leading provider of investment decision tools, announced that Dubai Electricity and Water Authority PJSC (DEWA) will be included in the MSCI Emerging Markets Index, effective at market close on May 30. DEWA, Dubai’s exclusive electricity and water services provider and the largest listed company on the Dubai Financial Market (DFM) by market capitalisation, was among the largest additions to the index by full company value.
Sobha raises $500m in oversubscribed sukuk offering; launches flagship app

1 day ago | gulfbusiness.com | Neesha Salian

Sobha Realty announced two major developments this week: the successful issuance of a $500m sukuk, and the launch of a new brand film for its flagship ONE Sobha App, underscoring the company’s twin focus on financial growth and digital transformation. The company confirmed the successful issuance of the sukuk under its newly established $1.5bn Sukuk Issuance Program. The sukuk, which matures in 2029, was oversubscribed three times, with an orderbook reaching $1.54bn.
XRG, PETRONAS partner in major gas expansion deal in Turkmenistan

1 day ago | gulfbusiness.com | Neesha Salian

UAE-based energy company XRG has entered into a strategic partnership with Malaysia’s PETRONAS and Turkmenistan’s Hazarnebit through a newly signed Production Sharing Contract with State Concern Turkmennebit, expanding its natural gas portfolio in Central Asia. The agreement grants XRG a 38 per cent participating interest in the offshore “Block I” gas and condensate fields located in Turkmenistan’s Caspian Sea region.
DCTCM’s Hoor Al Khaja on strategy, sustainability and Dubai’s global appeal

1 day ago | gulfbusiness.com | Neesha Salian

Dubai welcomed over 5.31 million visitors in Q1 2025, marking a 3 per cent increase over the previous year while reflecting the city’s continued rise as a global tourism powerhouse and the successful efforts of the emirate’s tourism authority.
How e&;'s Dr Karim Bennis is powering its financial success story

1 day ago | gulfbusiness.com | Neesha Salian

When you sit across from Dr Karim Bennis, group chief financial officer (GCFO) of e&, there’s a quiet intensity that’s hard to miss — a precise, forward-focused energy that mirrors the company’s transformation under his financial stewardship. We’re meeting at the e& Tower in Abu Dhabi, where sunlight spills through floor-to-ceiling windows and across a sleek, utilitarian office — the kind of room where billion-dirham decisions are regularly debated and signed.
Saudi Crown Prince, US President Trump sign Strategic Economic Partnership

1 day ago | gulfbusiness.com | Neesha Salian

Saudi Crown Prince Mohammed bin Salman and US President Donald Trump co-chaired the Saudi-US Summit on May 13 at the Royal Court in Al-Yamamah Palace, where both leaders signed a Strategic Economic Partnership aimed at deepening bilateral cooperation across multiple sectors, according to the Saudi Press Agency (SPA).
Air Arabia posts 34% rise in Q1 profit as passenger nos, revenue rise

1 day ago | gulfbusiness.com | Neesha Salian

Air Arabia, the Middle East and North Africa’s largest low-cost carrier, reported a 34 per cent year-on-year jump in first-quarter net profit, buoyed by rising passenger demand and steady revenue growth. The airline posted a net profit of Dhs355m ($96.6m) for the three months ending March 31, 2025, up from Dhs266m in Q1 2024. Revenue rose 14 per cent to Dhs1.75bn during the period, Air Arabia said in a statement on Tuesday.