Business & Investments

Lombard Odier Wins Best Boutique Bank in Middle East 2026

Lombard Odier Named the Best Boutique Private Bank in the Middle East at the Euromoney Private Banking Awards 2026

  • Lombard Odier was honoured as Best Pure Play/Boutique Private Bank in the Middle East for the second consecutive year
  • The firm received six awards, including Best Private Bank for Succession Planning globally

Lombard Odier has been named Best Pure Play/Boutique Private Bank in the Middle East for the second consecutive year at Euromoney’s 2026 Private Banking Awards, presented in London. This recognition reflects the firm’s established presence in the region and is one of six accolades it received at the programme.

Ali Janoudi Head of New Markets Lombard Odier

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Real Estate

Dubai South Announces AED 2 Billion Hayat Project Contract

DUBAI SOUTH AWARDS AED 2 BILLION CONTRACT FOR THE DEVELOPMENT OF MULTIPLE PHASES OF HAYAT PROJECT

  • HAYAT by Dubai South is located adjacent to the Golf District within minutes of Al Maktoum International Airport

Dubai, United Arab Emirates, 30 March 2026: Dubai South Properties, has announced the appointment of Mohammed Abdulmohsin Al Kharafi & Sons LLC for an AED 2 billion contract to develop several phases of HAYAT by Dubai South, a luxury master-planned community spanning 10 million square feet.

Strategically located near the Al Maktoum International Airport, HAYAT is planned as an integrated community that supports balanced living through a well-designed environment and a comprehensive range of wellness-inspired amenities.

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Featured

Jubail Island’s Sustainable Water System Explained

LEAD Development Showcases Jubail Island’s Integrated Water System Amid UAE Rainfall

Abu Dhabi, United Arab Emirates, 30 March 2026: As the UAE experiences seasonal rainfall this week, LEAD Development is spotlighting the advanced water management system at Jubail Island, demonstrating how thoughtfully designed infrastructure can transform natural conditions into long-term environmental and community value.

Developed as part of LEAD’s broader commitment to responsible and future-ready living, the island’s integrated water system has been engineered to work in harmony with its natural surroundings. Rather than relying on conventional drainage solutions, the system captures and manages rainwater through a network of strategically positioned retention ponds embedded across the island’s landscape.

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Business & Investments

FAB’s AI Agentathon Boosts Banking Innovation with Presight

FAB Convenes AI Agentathon in Collaboration with Presight to Advance Enterprise AI Innovation

Abu Dhabi, 30 March 2026: First Abu Dhabi Bank (FAB), the UAE’s global bank and one of the world’s largest and safest financial institutions, has hosted a virtual AI Agentathon in collaboration with Presight and supported by Microsoft. The initiative brought together internal and external participants to develop AI-driven solutions addressing real business challenges across the Bank.

The Agentathon forms part of FAB’s broader strategy to accelerate the adoption of artificial intelligence and embed advanced technologies across its operations. The one‑day, innovation sprint convened business stakeholders, technical experts and global technology partners to solve predefined business challenges and develop practical, scalable solutions. A joint evaluation panel, with representation from all participating organisations was established to assess the final outputs.

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Real Estate

Abu Dhabi Implements Key Decisions for Real Estate Governance

Department of Municipalities and Transport issues regulatory decisions to enhance transparency and governance in real estate sector in Abu Dhabi

  • Four administrative decisions issued to implement provisions of Law No. (3) of 2015 in Abu Dhabi (as amended), addressing escrow account disbursement controls, jointly owned property management, owners’ committee bylaws, and compensation due to developer in the event of a purchaser breach of obligations under an off-plan sale agreement, as well as the procedures for refunding of outstanding amounts to the purchaser.
  • Abu Dhabi continues to strengthen its position as a leading global real estate investment destination through a flexible and sustainable legislative environment that supports developers, protects investors, and responds to future growth requirements
  • H.E. Rashed Al Omaira: The decisions establish a clear executive framework for the provisions of the law, ensuring a balance in contractual relationships as it clarifies the rights and obligations of all parties involved whilst ensuring efficiency of procedures.

His Excellency Rashed Al Omaira, Director General of ADREC

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