The Arab Today

ADFD gives an extra $40 million loan to help finish Velana International Airport in the Maldives The Abu Dhabi Fund for Development (ADFD) has announced a $40 million (AED 147 million) loan to help finish the Velana International Airport project in the Maldives, as tourism in the country is expected to grow. #thearabtoday #tat #AbuDhabi

Mubadala Acquires 80% Stake In 2 Healthcare Logistics Firms Owned By UAE-Based GHH Mubadala Investment Company, the government investment fund of Abu Dhabi, has bought 80% of Global Medical Supply Chain (GMSC) and Al Ittihad Drug Store (IDS) from GlobalOne Healthcare Holding (GHH), the company announced on Tuesday. #thearabtoday #tat #Investment #UAE

Leaders from Jordan, Qatar, and Saudi Arabia visit Damascus to meet Syria’s new leader Syria’s new leader, Ahmed al-Sharaa, met with top Arab officials from Qatar, Jordan, and Saudi Arabia in Damascus on Monday. This is one of the latest important visits since Bashar al-Assad was removed from power. #thearabtoday #tat #Jordan #Qatar #SaudiArabia

Dolce&Gabbana opens its biggest single-floor store in the world in Riyadh Italian luxury brand Dolce&Gabbana has always worked to combine culture with fashion. On December 12, the brand opened its biggest store in the world in Riyadh, Saudi Arabia, in the Diriyah area. The store is over 2,000 square meters, and Domenico Dolce, one half of the Dolce&Gabbana duo, was there for the opening. #thearabtoday #tat #Fashion #Riyadh

Kuwait’s yearly inflation increased by 2.4% in November due to higher prices for food and clothing Kuwait’s inflation rate went up by about 2.4% in November, mainly because of higher prices for food and clothing, according to the Central Administration of Statistics. #thearabtoday #tat #Inflation #Kuwait

No Pain, Know Gain: How Hearing ‘No’ Can Lead to Success Rejection is something every entrepreneur experiences on their journey. New entrepreneurs quickly learn not to take “No” as the final answer. They discover that persistence—the determination to keep going despite setbacks—is essential for achieving success. #thearabtoday #tat #Success #Dubai

The UAE Central Bank’s gold reserves reached $6.3 billion by the end of the third quarter The UAE central bank’s gold reserves grew by 5.3% in one month, reaching $6.3 billion (AED 23.19 billion) at the end of the third quarter of 2024. This is up from $6 billion (AED 22.02 billion) in August. #thearabtoday #tat #Bank #UAE

ADIA Unit and property developer Grosvenor have sold 92% of their stake in the Liverpool ONE shopping center for $622 million A company owned by Abu Dhabi Investment Authority (ADIA) and the British property developer Grosvenor have sold 92% of their shares in Liverpool ONE shopping center in the UK to Landsec for $621.8 million (£490 million). #thearabtoday #tat #AbuDhabi

Syria Faces Economic Struggles with Less Than $200M in Foreign Reserves Syria’s temporary prime minister, Mohammed al-Bashir, said the central bank’s foreign currency reserves are “very low.” Current and former officials said most of the reserves have been used by the Bashar al-Assad government to pay for food, fuel, and the war. According to sources, only about $200 million is left, Reuters reported. #thearabtoday #tat #Economic #Syria

Space42 Wins $5.1 Billion UAE Government Contract to Boost Satellite Services and Management Space42, a UAE-based space technology company that uses AI and works globally, has won a $5.1 billion (AED 18.7 billion) contract from the UAE government. The deal is for providing secure and essential communication services from 2026 to 2043, lasting 17 years. #thearabtoday #tat #Space #UAE