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Sunil Singh

Reporter

Sunil Singh is a reporter in Dubai who focuses on the Middle East. Previous roles include at The National and Citywire

Sunil Singh
Oman property Nizwa city

Property market in Oman cools

Oman’s real estate market slowed in February, as total deal value fell 8 percent year-on-year to OR362 million ($941 million), the state-run Oman News Agency reported.  The figure dropped from OR395 million in February 2024, the news agency said, citing data from the National Centre for Statistics and Information. Despite the overall market cooling, transaction […]

A sharp increase in gold imports prompted India to ask the UAE to verify compliance with the rules of origin requirements under the countries' Cepa

The golden question: where next for the UAE-India Cepa?

Earlier this week it emerged that Abu Dhabi conglomerate International Holding Company (IHC) and a US institutional investor had between them acquired a minority stake of 6 percent in Haldiram’s, an Indian snack maker, valuing the company at $10 billion. The IHC investment contributes to the UAE’s ranking as the seventh-largest foreign direct investor in […]

UAE sales of beauty products during Ramadan have risen by over 20 percent year on year

UAE beauty industry benefits from Ramadan sales bump

The UAE’s beauty industry has posted a major increase in revenue during the holy month of Ramadan. Cosmetics and personal care product sales have soared as consumers prioritise festive glamour for nightly iftars and Eid celebrations. UAE Ramadan sales are expected to hit $10 billion this year, with beauty products leading growth at over 20 […]

A labourer handles gold bars that are going to be melted at a gold refiner in Istanbul

Gold continues to soar as investors seek refuge

Gold soared to an all-time high of $3,128.06 per ounce on March 31, as investors seek refuge from escalating geopolitical tension, unpredictable trade policies and a shifting monetary landscape.  Gold has rallied more than 18 percent so far this year but analysts say that there is still room to run. A range of factors lies […]

Wind turbines in Pastra, Greece. Masdar has been investing in the country and elsewhere in Europe

Masdar IPO could help accelerate Gulf’s energy transition

An initial public offering by Abu Dhabi’s Masdar could mark a pivotal moment in the move towards cleaner sources of power in not only the world’s largest oil-producing region, but also in Europe, industry observers say. Masdar, more officially known as the Abu Dhabi Future Energy Co, is considering an IPO next year to fund […]

A couple enjoy the luxury of the Underwater Suite at Dubai's Atlantis hotel

Demand for luxury keeps Dubai hotel openings upscale

Dubai’s traditional love of luxury hotels shows no signs of slowing. Five-star hotel openings dominated the sector in 2024, although industry experts insist mid-range and budget segments remain vital to the emirate’s long-term hospitality growth.  Last year, nearly two-thirds of new hotel rooms added in 2024 were in the luxury and upper upscale segments, according […]

A worker fills a tank at a petrol station in Riyadh. The rise of renewable energy and electric vehicles are having an impact on oil demand

Oil’s share of energy demand dips below 30% for first time

Oil’s share of the global energy mix has hit a historic low, dipping below 30 percent of demand for the first time as renewables and electric vehicles reshape markets, according to the International Energy Agency. The IEA’s Global Energy Review 2025 reveals that energy demand rose by 2.2 percent last year, outpacing the average yearly […]

European Camping Group operates 450 holiday sites in 11 countries

Abu Dhabi’s Adia buys stake in European Camping Group

The UAE’s sovereign fund Abu Dhabi Investment Authority (Adia) has agreed to buy a significant minority stake in European Camping Group (ECG), a key player in the European outdoor hospitality sector, from private equity company PAI Partners.  The deal, expected to close in the second quarter of this year, is subject to regulatory approvals, ECG […]

Dune Part Two, a Warner Bros film, has grossed more than $700m worldwide. Warner Bros Discovery is targeting the Mena streaming market

Warner Bros Discovery buys 30% stake in OSN Streaming

Warner Bros Discovery (WBD) has bought a stake in a subsidiary of Dubai-based satellite TV company Orbit Showtime Network Group, in an attempt to tap into the rapidly expanding Middle Eastern streaming market. The US-based media and entertainment conglomerate will acquire a 30 percent stake in OSN Streaming for KD17.5 million ($57 million), Kuwait Projects […]

In 2024, Masdar completed acquisitions in Greece, Spain and the US

UAE’s Masdar expands renewable energy footprint

Abu Dhabi renewable energy company Masdar invested nearly AED30 billion ($8.2 billion) in equity last year and secured more than AED16.5 billion in project financing across nine countries. The company, which is targeting a renewable energy portfolio capacity of 100 gigawatts by 2030, has developed and partnered in projects in more than 40 countries, the […]