Market

NEWS DESK

Commodities weekly: ags and energy steady the ship; metals lag as Powell looms – Saxo Bank

PR News Desk 22/08/2025

The commodity market is heading for its first gain in three, with the Bloomberg Commodity Index (BCOM) on track for a modest weekly gain of less than 1%. This advance has been carried by strong performances across the agriculture sector, and a rebound across the energy sector excluding natural

NEWS DESK

Park Properties Enters the UAE Real Estate Market with Ambitious Vision and Flagship Waterfront Project

PR News Desk 15/08/2025

Park Properties, the newest venture under the esteemed Park Group umbrella, officially steps into the UAE real estate market with a commitment to delivering exceptional value, quality, and trust to buyers and investors. As part of its bold expansion strategy, Park Properties is actively growing its footprint across key emirates, targeting both prime waterfront and […]

NEWS DESK

Gartner Says Worldwide IaaS Public Cloud Services Market Grew 22.5% in 2024

PR News Desk 12/08/2025

The worldwide infrastructure as a service (IaaS) market grew 22.5% in 2024, reaching $171.8 billion, according to Gartner, Inc. a business and technology insights company. Amazon retained the No. 1 position in the IaaS market in 2024, followed by Microsoft, Google, Alibaba and Huawei. Expert Take: “As enterprises continue to seek greater flexibility, improved resilience

NEWS DESK

Tariff shock sends gold futures soaring – yet spot market holds the real signal – Saxo Bank

PR News Desk 08/08/2025

Gold futures on the COMEX exchange in New York soared overnight relative to the London spot price after an article in the Financial Times suggested the US would now—counter to expectations—apply tariffs on imports of 1 kg and 100 oz bars adding a fresh blow to Switzerland, the world’s largest refining hub. One-kilo bars are […]

NEWS DESK

ServeU, a subsidiary of Union Properties, acquires House Keeping (LLC) at AED 100 million deal to expand market reach

PR News Desk 06/08/2025

Union Properties PJSC (“Union Properties” or “the Company”) (DFM: UPP), through its subsidiary ServeU, a leading facilities management (FM) solutions provider in the UAE, has announced the strategic acquisition of House Keeping (LLC) and House Keeping Domestic Workers (LLC), including their subsidiary, in a deal valued at AED 100 million. This move reinforces ServeU’s

NEWS DESK

Dubai Real Estate Records AED 49.7 Billion in Transactions in July 2025 as Off-Plan Dominates Market Activity

PR News Desk 03/08/2025

Dubai’s real estate market recorded AED 49.67 billion in transactions in July 2025, reflecting a 12.09% increase from June and a 24.8% rise year-on-year. A total of 18,191 deals were registered – up 16.5% month-on-month and 21.5% annually – underscoring the market’s momentum heading into H2. Off-plan transactions accounted for 74.26% of activity, supported by

NEWS DESK

Sophos Launches New Partner Program to Drive Enhanced Growth, Profitability and Market Advantage for Partners  

PR News Desk 31/07/2025

 Sophos, a global leader of innovative security solutions for defeating cyberattacks, today launched a new Sophos Partner Program, unlocking multiple opportunities for partners to accelerate growth, deliver industry-leading cybersecurity solutions and stand out in an increasingly competitive market. The new program brings together Sophos’ and Secureworks’ global

NEWS DESK

Dubai Real Estate Records AED 54.4 Billion in May Transactions, Reinforced by Structured Demand and Off-Plan Absorption

PR News Desk 03/06/2025

Dubai’s residential market demonstrated resilient capital performance in May 2025, recording AED 54.4 billion in transactions; a 39.08% increase year-on-year. A total of 17,475 transactions were registered, reflecting both depth and consistency across off-plan and ready segments. This activity was underpinned by structured developer launches, accessible mortgage rates, and

NEWS DESK

LEOS Developments Pioneers AI Innovation in $1.17 Billion Market

PR News Desk 15/05/2025

LEOS Developments, an award-winning international property and lifestyle developer, is revolutionising the real estate market by embedding artificial intelligence across every stage of its development and customer journey. With the UAE’s AI market projected to reach US $1.17 Billion in 2025[1], LEOS is placing technology at the heart of its strategy to deliver smarter,

NEWS DESK

Habib Al Mulla & Partners Leads Cross-Border Initiative for Indian Market Expansion

PR News Desk 14/05/2025

As India and the United Arab Emirates continue to deepen their strategic partnership across defence, trade, and innovation, Habib Al Mulla and Partners is proud to announce the opening of its new office in New Delhi. This milestone reinforces the firm’s long-standing commitment to facilitating cross-border collaboration and investment between the two nations. The expansion

NEWS DESK

Tech Mahindra Announces Senior Leadership Elevations to Drive Strategic Market Growth

PR News Desk 13/05/2025

Tech Mahindra (NSE: TECHM), a leading global provider of technology consulting and digital solutions to enterprises across industries, announced key leadership elevations to drive strategic growth in critical markets. Manish Mangal will take over as Head – Americas Communications Business, and Sahil Dhawan has been appointed Head – India, Middle East, and Africa (IMEA)

NEWS DESK

Dubai Real Estate Market Surges in April: Residential Sales Jump 61% YOY, Office Rents Climb 22.4%

PR News Desk 08/05/2025

Dubai’s real estate market posted exceptional results in April, with residential sales transactions reaching 17,447—an impressive 61% increase compared to the same month last year—while commercial rental activity surged, including a 22.4% rise in average office rents and a sharp 40.8% jump in warehouse rates. These figures, published in the April 2025 report from Engel

NEWS DESK

Dubai real estate market sets new monthly sales

PR News Desk 06/05/2025

Dubai’s thriving real estate market set a new all-time monthly sales record of AED62.4 billion in April, a 95.3% increase in value on the same month last year. A market update issued today by fäm Properties reveals that last month’s total of 17,979 transactions also represented a 55.4% increase over April 2024, making it the […]

NEWS DESK

5th Street Expands into the Middle East, Bringing Global Yardi Expertise to a Thriving Market

PR News Desk 23/04/2025

5th Street, a leading real estate property technology consultancy, is proud to announce its expansion into the Middle East, establishing a strategic presence in Dubai – one of the world’s most dynamic real estate markets. Building on its proven success in the UK, Europe and North America, 5th Street is bringing world-class Yardi implementation, optimisation […]

NEWS DESK

Focus on solving real problems to make 2025 your big year, Middle East Tech Startups told

PR News Desk 21/03/2025

Tech startups hoping that 2025 can be their breakthrough year in an increasingly competitive Middle East market have been told to focus on solving real problems, and avoid elementary mistakes that can ruin their chance of success. According to a MAGNiTT report, startups in the region raised $1.52 billion in funding last year, and a […]

NEWS DESK

Dubai property market enjoys bumper month as February sales hit AED51.1 billion

PR News Desk 04/03/2025

Dubai’s real estate market has continued its strong start to 2025, with property sales in February totalling AED 51.1 billion, a 39.91% increase in value on the same month last year. A market update issued today by fäm Properties reveals that last month’s total of 16,099 transactions also represented a 35.5% increase in volume over […]

NEWS DESK

Canon celebrates 22nd consecutive year of No.1 share of global interchangeable-lens digital camera market

PR News Desk 26/02/2025

Canon Inc. announced today that the company’s interchangeable-lens digital cameras (digital SLR and mirrorless cameras) have maintained the No. 1 share1 of the global market for 22 consecutive years from 2003 to 2024. Canon’s EOS series of interchangeable lens digital cameras is an imaging system based on the basic concept of “Speed, Comfort, and High […]

NEWS DESK

Large Jet Sales Signal Revived Market Confidence

PR News Desk 26/02/2025

For the first time, Large jets now account for 20% of industry sales according to Ever Forward: The Pre-Owned Business Aviation Report by Jetcraft. The 2025 edition finds increased volume in the Large jet segment is driving a five-year forecast of 11,202 pre-owned aircraft sales, totaling US$73.9 billion in revenue. Chad Anderson, Chief Executive Officer,

NEWS DESK

SES Market Update in Context of Moody’s Ratings

PR News Desk 19/02/2025

SES S.A. has taken note of Moody’s Ratings Press Release today with regards to SES and is providing a market update ahead of its Full Year 2024 financial results announcement on 26 February 2025. SES expects Full Year 2024 Results(1) to be better-than-expected with Revenue at the top end of the financial outlook range (€1,940-2,000 million)(2) and

NEWS DESK

Dubai’s ultra-luxury real estate market set for more growth in 2025

PR News Desk 17/02/2025

Dubai’s ultra-luxury real estate sector is set to continue its robust growth trajectory in 2025, fuelled by strong demand, limited supply, and a steady influx of high-net-worth individuals (HNWIs), a new market study says. Over the last ten years, sales of luxury Dubai villas and apartments valued above AED15 million have risen dramatically, reaching AED […]