Business News from Tuesday, October 29th, 2024

Nakheel, part of Dubai Holding Real Estate, has joined forces with the Dubai Electricity and Water Authority (DEWA) to develop two substations on Palm Jebel Ali with a combined value of AED 270 million.

Dubai Internet City is celebrating its 25th anniversary as a cornerstone of the Middle East’s digital economy, uniting global tech leaders and talent since its launch on October 29, 1999.

Boeing launched a stock offering that could raise up to $24.3 billion as the planemaker looks to strengthen its finances squeezed by a more than six-week strike by factory workers and preserve its investment-grade credit rating.

Saudi Arabia's sovereign wealth fund plans to cut its overseas investments by about a third, its governor told a conference in Riyadh on Tuesday, as the Kingdom taps into its resources to fund plans to wean the economy off oil.

Emirates has officially resumed its daily service between Adelaide and Dubai, enhancing connectivity between South Australia and the world.