Tag Archives: Featured

Business & Investments, Featured

UAE Selected to Host 2029 World Bank Meetings: A Financial Hub’s Triumph

UBF: The Selection of the UAE to Host World Bank Group and IMF Annual Meetings 2029 Reflects Its Position as Global Financial and Economic Hub 

Abu Dhabi, Dubai, United Arab Emirates, 10 April 2026:

UAE Banks Federation, the sole representative and unified voice of UAE banks, reaffirmed  that the UAE selection to host World Bank Group and International Monetary Fund (IMF) Annual Meetings for 2029 in the UAE reinforces the country’s position as a global financial and economic hub, and its vital role in supporting efforts and initiatives for comprehensive and sustainable development  and financial stability at the international level.

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Business & Investments

DIFC’s Commitment to Business Resilience in Dubai

Dubai, UAE; 9 April 2026: Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, is introducing a targeted package of temporary economic support measures to assist its business and retail community as the region emerges from the current environment.

Effective immediately, the initiatives are designed to ease short-term operational and financial pressures.

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Business & Investments

EHRDC Signs MoU with EIF: Boosting Emiratisation in Finance

Emirati Human Resources Development Council in Dubai signs MoU with Emirates Institute of Finance to bolster qualitative Emiratisation and empower national talents

Dubai, UAE, April 9, 2026: The Emirates Human Resources Development in Dubai (EHRDC) signed a Memorandum of Understanding (MoU) with the Emirates Institute of Finance (EIF) to reinforce coordination and cooperation to boost their efforts to train, qualify and employ Emiratis in the financial and banking sectors.

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Real Estate

MERED Advances Riviera Residences Project in Abu Dhabi

Riviera Residences on Al Reem Island Enters Deep Foundation Works as MERED Maintains Construction Momentum

Abu Dhabi, UAE – 09 April 2026: MERED, the award-winning developer, has announced that main piling operations are now progressing at Riviera Residences, a waterfront residential tower in Abu Dhabi, Al Reem Island. The milestone follows the completion of 60% of enabling works, including guide walls, shoring, contiguous piling, and ground improvement across both zones, as well as deep foundation works. The progress underscores the resilience of Abu Dhabi’s premium residential market and the strength of the emirate’s off-plan delivery.

Michael Belton, CEO of MERED

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Real Estate

Sanzen Launches Sukoon: Homes Designed for Daily Wellbeing

Sanzen Begins Construction on Sukoon — A New Kind of Residential Community in Sharjah, Built Around Everyday Wellbeing

Dubai, United Arab Emirates — Tuesday, 7 April 2026

Sanzen has officially commenced construction on Sukoon by Sanzen, an AED 1.5 billion residential development in Sharjah comprising 859 villas and townhouses across four phases. The project takes a deliberately different approach to how homes and communities are designed in the UAE — one built around daily wellbeing rather than weekend escapes.

The construction launch comes at a moment when many regional developers are choosing to pause. Sanzen’s decision to break ground now is a deliberate statement of confidence in the UAE economy, the long-term resilience of its real estate sector, and the strength of buyer demand the company has seen since launch.

Construction officially began on 7 April 2026. The announcement was made at a signing ceremony held at Sanzen’s office in Festival Tower, Festival City, Dubai, where Sanzen and PTC Contracting signed the construction agreement in the presence of senior leadership from both companies and more than 20 media representatives.

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