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Flydubai Cancels All Flights to Riyadh, Dammam and Abha Through November 1 Amid Houthi Attacks on Saudi Airports

Dubai carrier flydubai has canceled all flights to Abha, Dammam and Riyadh up to and including November 1 because of Houthi attacks targeting Saudi airports, while keeping six other Saudi routes running.

UAE Central Bank Fines a Foreign Bank Branch AED200 Million Over Repeated Anti-Money Laundering Failures

The Central Bank of the UAE has fined a UAE branch of a foreign bank AED200 million after examinations found significant and repeated failures in its anti-money laundering, governance and sanctions controls.

EDGE-Owned Strategic Development Fund to Take Majority Stake in Uncrewed Vessel Maker MARIX as MARIP-24 Nears Production

Strategic Development Fund, an Abu Dhabi investment entity wholly owned by EDGE Group, has agreed to raise its stake in UAE maritime technology company MARIX to a majority, as MARIX completes the design of its MARIP-24 uncrewed surface vessel.

Singapore Airlines Extends Dubai Flight Cancellations to February 28, 2027, Citing Middle East Situation

Singapore Airlines has extended the cancellation of its Singapore-Dubai flights until February 28, 2027, citing the geopolitical situation in the Middle East. The flights had previously been cancelled until December 1.

2PointZero Group Nine-Month Net Profit Rises 33% to AED9.5 Billion on Pro Forma Basis, Helped by AED5.8 Billion Fair Value Gain

Abu Dhabi-listed 2PointZero Group reported group net profit of AED9.5 billion for the first nine months of 2026, up 33% on a pro forma basis, as revenue more than doubled to AED33.7 billion after its merger and the Tendam consolidation.

UAE Startups and Innovators: Qashio, a Spend Management Platform That Rewards Business Payments

Dubai-headquartered Qashio has launched Global Pay, a cross-border business payments product that lets companies earn loyalty points when paying overseas suppliers.

NMDC Group Nine-Month Revenue Rises 4% to AED21.4 Billion as Project Backlog Reaches AED54.1 Billion

Abu Dhabi-listed NMDC Group reported nine-month revenue of AED21.4 billion, up 4% from a year earlier, and net profit of AED2.4 billion, with its project backlog at AED54.1 billion after AED9.7 billion of new awards.

Alshaya Opens Ulta Beauty’s First Qatar Store in Doha, With Saudi Arabia and Bahrain Launches to Follow

Kuwait's Alshaya Group has opened Ulta Beauty's first store in Qatar at Doha Festival City, with a second Doha store due on November 25 and debut stores in Saudi Arabia and Bahrain planned in the coming months.

Barwa’s Shaza Hotels Signs Deal With Omnia Properties for 125-Unit Mysk Branded Residences in Oman, Due in 2030

Shaza Hotels, a unit of Qatar's Barwa Real Estate Group, has signed a memorandum of understanding with Omnia Properties for Mysk Beach Residences, a 125-unit serviced residential project on the Gulf of Oman coast expected to open in 2030.

Phoenix Aviation to Build Wide-Body Aircraft Maintenance Center at Dubai South, Due in First Quarter of 2029

Phoenix Aviation has signed for a new airside plot at Dubai South's Mohammed bin Rashid Aerospace Hub, where it plans a 35,000-square-meter hangar for wide-body aircraft maintenance, cabin work and cargo conversions, due for completion in the first quarter of 2029.

Tahnoun International Airport Cargo Jumps 63% in Third Quarter as Aircraft Movements Rise 17%

Tahnoun International Airport in Al Ain handled 2,335 tonnes of cargo in the third quarter of 2026, up 63% from a year earlier, while aircraft movements rose 17.1% to 14,724, Abu Dhabi Airports said.

Lesha Bank Signs Agreement to Advise Barwa Real Estate on Its International Property Portfolio

Qatar's Lesha Bank has signed a memorandum of understanding to give Barwa Real Estate Group advisory support on its international real estate assets and potential new investments.

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