Nakheel has announced a AED230 million relief package for its business partners. It covers rent relief for tenants, including retainers, restaurants and business owners in their malls and master communities.
The developer is also waiving administrative charges for a number for services and reducing district cooling charges.
Omar Khoory, managing director of Nakheel Malls, told ARN why they’re doing this.
Paramount gets court green light on Warner Bros deal
A US judge has entered an order on Wednesday allowing Paramount to close its $110 billion acquisition of Warner Bros., ending a months-long holdup, as the company named Mattel's Ynon Kreiz as co-CEO to help run the combined business.
Google announces Gemini 4 flagship AI model after months of delays
Alphabet's Google has announced a new top-tier artificial intelligence model to anchor its Gemini 4 generation of models on Wednesday in a fresh bid to catch up to rivals Anthropic and OpenAI in the AI race.
UAE budget strategy targets efficiency and future readiness
The UAE General Budget Committee has reviewed the draft federal budget framework for the 2027-2029 fiscal period as part of preparations for the government's next medium-term strategic plan.
Aldar, Arada sign AED15 billion partnership for Abu Dhabi developments
Aldar and Arada have signed a AED 15 billion partnership to develop premium residential communities in Abu Dhabi's Yas Island and Seih Sdeirah.
H.H. Sheikh Mohammed issues decree on board of Investment Corporation of Dubai
In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has issued a decree forming the Board of Directors of the Investment Corporation of Dubai (ICD).
The UAE has strongly condemned a Houthi drone attack on the Taiba power distribution station in Madinah, Saudi Arabia.
An Emirates flight from Dubai to London Heathrow was diverted to Frankfurt due to a medical emergency involving a passenger onboard.
Dubai's private schools saw 406,563 students enrolled for the 2026-27 academic year, marking an annual increase of 4.6 per cent, the Knowledge and Human Development Authority (KHDA) announced on Thursday.
