Author: Arabian Media staff
Image: Getty Images Oil producers TotalEnergies TTEF.PA, QatarEnergy QATPE.UL and Petronas PETRA.UL have signed a five-year agreement with Guyana’s government to explore a shallow-water block, authorities and company executives said on Tuesday. Guyana has struggled to diversify its energy industry, currently dominated by a consortium that is led by US Exxon Mobil XOM.N and that has controlled all crude and gas output since the South American country became an oil producer in 2019. The production sharing agreement for Block S4, located 50-100 km (30-60 miles) off Guyana’s coast, is the first signed following a tender in 2023 that allowed the government to allocate eight out of…
Image: Supplied Al Ghurair Development, the evolution of Al Ghurair’s real estate arm, has unveiled The Weave in Jumeirah Village Circle, marking the debut of its premium freehold residential portfolio. Designed in collaboration with award-winning Australian architect Joe Adsett—his first project in the Middle East—the launch highlights Al Ghurair’s continued contribution to Dubai’s urban landscape and reinforces its reputation as one of the region’s most trusted developers. Guided by the group’s purpose, ‘In pursuit of better’, Al Ghurair Development was established to create residential ecosystems that blend functionality, quality, and design. Representing the next generation of real estate development for…
Image: DWTCA Dubai World Trade Centre Authority (DWTCA) has introduced a new framework allowing companies registered in the DWTC Free Zone to issue multiple classes of shares, in a move aimed at increasing capital structuring flexibility and attracting a wider pool of investors. The reform, announced on Monday, enables businesses to issue various share types beyond traditional ordinary shares, including preference, founder’s, restricted, and tiered share classes such as A, B, C, and D. These can be customised in a company’s Memorandum of Association to define specific rights and restrictions, covering dividends, voting powers, transfer conditions, and safeguards for minority…
Image: Supplied For years, Tally Solutions stood as a trusted name for entrepreneurs seeking simplicity in managing their businesses. As digital transformation accelerates across the Middle East, the company has evolved from being an accounting mainstay to a driver of connected compliance and cloud innovation. Here, Vikas Panchal, GM of Tally Solutions, discusses how the brand’s legacy of simplicity continues to shape its latest offerings, from e-invoicing and e-VAT to cloud-based accessibility. In this conversation, he explains how Tally’s innovations are helping MSMEs adapt to evolving regulatory demands, balance flexibility with data privacy, and align with the UAE’s vision for…
Image: Supplied The Dubai Business Registration and Licensing Corporation (DBLC), part of the Dubai Department of Economy and Tourism (DET), reported that its Dubai Unified Licence (DUL) initiative has slashed the average time to open a business bank account by 90 per cent, from 65 days to just five. Since the DUL’s rollout in 2023, more than 900,000 licences have been issued to businesses across Dubai’s mainland and free zones. The system provides companies with a government-verified digital identity to streamline access to banking, utilities, trade and labour services through a single platform. DBLC said the enhancement of the DUL…
Image credit: Getty Images Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai and Chairman of the Dubai Media Council (DMC), has issued two resolutions establishing specialised committees to propel the film and gaming sectors forward. The move aligns with DMC’s broader mission to foster media innovation and strengthen Dubai’s position as a global hub for creative industries. The two committees, formed under Dubai Media Council Resolution No. 8 of 2025 and Resolution No. 9 of 2025, represent a strategic step in positioning Dubai at the forefront of global media development. Resolution No. 8 establishes the…
The Gulf Business Real Estate Summit will take place on 25 November 2025 at the Metropolitan Hotel Dubai, bringing together the region’s leading voices to explore the forces reshaping the property landscape. With Dubai’s market at record highs and tokenisation emerging as a transformative trend, the summit will examine critical questions around market dynamics, sustainability, and regulation — including whether prices may stabilise in 2026 and beyond, where the value lies in off-plan projects, and how technology is redefining the role of brokers. The half-day event will feature four focused sessions that unpack the key themes influencing the next real…
Image credit: Getty Images The Saudi Ministry of Human Resources and Social Development (MHRSD) has announced a six-month extension of the grace period to regularise the status of runaway domestic workers, effective from Tuesday, November 11, 2025. The process will continue to be managed through the Musaned platform, the ministry’s official system for domestic worker services. Six months earlier, the ministry had introduced a similar grace period starting May 11, 2025, allowing domestic workers who were reported absent from work (known as huroob) to correct their legal status. The latest extension applies exclusively to workers reported absent before the new…
Image: Supplied Hitachi Rail has been awarded a contract by Hassan Allam Construction and Arab Contractors JV to modernise and upgrade the historic Alexandria Raml Tram, transforming it into a reliable, efficient, and digitally advanced transport system. To improve both reliability and operational efficiency, Hitachi Rail will deliver state-of-the-art signalling and communication systems (including fixed and wireless networks), an Operational Control Centre and Supervisory Control & Data Acquisition (SCADA) system, as well as security infrastructure featuring CCTV cameras, access control, passenger information systems, and on-board technologies. The solution developed by Hitachi Rail will significantly enhance train operations, ensuring a fast,…
Dubai Municipality has launched the “Smart Municipality Eye” initiative, an advanced aerial monitoring system powered by unmanned aerial vehicles (UAVs) equipped with artificial intelligence. The initiative introduces smart, mobile oversight of Dubai’s vast green spaces, assessing plant health and generating real-time reports to forecast potential issues. It strengthens the Municipality’s ability to proactively manage the city through advanced data-driven insights. Through the Smart Municipality Eye, drones will conduct aerial and field mapping across 52 million square metres of green areas throughout Dubai. The system uses AI to analyse vegetation health, detect irrigation inefficiencies and pest-related problems, and process data for…