Monthly Archives: May 2026

Featured

UAE Economy Resilience: SIB’s AED 2.59 Billion Rights Issue Success

Reflecting the Resilience of the UAE Economy and the Confidence in the Bank

SIB Rights Issue Attracts over AED 8.3 billion, Oversubscribed by 3.2 times

Sharjah, 12 May 2026: Sharjah Islamic Bank PJSC (“SIB” or the “Bank”) today announced the successful completion of its AED2.59 billion rights issue, following the close of the subscription period on 8 May 2026. Executed against an exceptionally challenging and volatile market backdrop, the transaction marks a decisive milestone for SIB, significantly strengthening its capital position and accelerating its capacity to deliver sustainable growth and long-term value creation for shareholders.

The rights issue achieved exceptional demand, with the total subscriptions exceeding AED 8.3 billion, resulting in oversubscription by more than 3.2 times. The strong participation from local, regional and international investors reflects the high level of confidence in SIB’s financial strength, growth strategy and long-term outlook, despite heightened global market volatility and ongoing geopolitical uncertainties affecting international financial markets.

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Business & Investments, Featured, Real Estate

NCCCL Expands in UAE’s Booming Construction Market

Nisus Finance announces strategic expansion in the UAE’s construction sector with its subsidiary NCCCL

The entry of NCCCL comes at a time when the GCC construction and transport projects market is experiencing a significant growth, with a total of US$951 billion in projects under execution and a broader pipeline topping US$2 trillion, driven heavily by Saudi Arabia and the UAE

Date: Dubai, UAE; May 13, 2026:

Nisus Finance Services Co Limited (NiFCO), a leading investor in urban infrastructure and capital markets, today announced its strategic expansion into the GCC region’s growing construction industry through its newly acquired subsidiary, New Consolidated Construction Company Limited (NCCCL), one of India’s oldest and most respected construction firms.

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Real Estate

Whitewill Q1 2026 report records AED 139.2 billion in Dubai real estate transactions

Dubai’s real estate market shows higher YoY value growth and resilient buyer interest, with off-plan activity accounting for the majority of market demand

Dubai, UAE, 13 May 2026: Whitewill, the international luxury real estate agency for developers and partners operating across the UK, USA, and UAE markets, has published its latest Dubai Real Estate Market Overview, offering insights into off-plan and secondary residential sales trends for Q1 2026. Based on transaction analysis conducted by Whitewill from January to March 2026, the report shows that Dubai recorded 44.4K real estate transactions with a combined value of AED 139.2 billion. The findings point to a market that continues to expand in value, supported by steady buyer activity, resilient pricing, and demand across both emerging and established communities.

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Real Estate

MAAIA Accelerates Construction Progress Across La Clé and La Vue, Reaffirms Q2 2027 Handover

Developer reaffirms commitment to timely handover as both residential developments record significant on-site milestones

Dubai, UAE – May 11, 2026 – MAAIA, a boutique luxury developer in Dubai, has confirmed that construction across its two active residential developments, La Clé in Al Furjan and La Vue in Nad Al Sheba Gardens, is advancing at full pace, with both projects firmly on track for the scheduled Q2 2027 handover.

Despite a complex global environment, MAAIA’s on-site teams continue to maintain strong construction momentum, with each project recording meaningful structural and finishing milestones.

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Technologies

Zoho Report: Cybersecurity Challenges and Zero Trust in UAE

Zoho Global Study Reveals Zero Trust Maturity, Strong Cybersecurity Resilience Commitment Among UAE Enterprises

Dubai, United Arab Emirates- 13 May, 2026: Zoho Corp., a leading global technology company, launched a report today revealing that while businesses in the UAE face frequent cyberattacks, 96 per cent of the respondents cited having the necessary tools to respond to cyber threats, leveraging capabilities such as real-time threat detection and endpoint security measures. UAE also has high Zero Trust adoption as well as commitment to strengthen cybersecurity measures, as per the report. However, there remains a need for stronger identity security as the nation advances its digital ecosystem and artificial intelligence adoption.

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