Business from Tuesday, May 13th, 2025
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Salik posts robust results boosted by new toll gates, variable pricing
Dubai’s toll gate operator Salik has reported strong first-quarter results for 2025, with total revenue jumping nearly 34 per cent year-on-year to AED 751.6 million.
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Dubai Residential REIT sets IPO price range
Dubai Holding is seeking to raise up to AED 1.79 billion ($487 million) through the Initial Public Offer (IPO) of its residential real estate investment trust (REIT).
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Global markets rally as US and China agree to 90-Day tariff truce
Global shares rallied, while gold and safe-haven currencies slumped against a resurgent dollar on Monday as the US and China agreed to temporarily slash harsh reciprocal tariffs and cooperate.
News
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Dubai plans for six new dedicated lanes for buses and taxis in 2025Plans are underway to develop six new dedicated lanes for buses and taxis in 2025, Dubai's Roads and Transport Authority (RTA) announced on Sunday.
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Dubai Creek wharf in Deira gets AED 112 million faceliftThe Dubai Municipality has announced the completion of a two-kilometre-long Dubai Creek wharf on the Deira side, built at a cost of AED 112 million.
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UAE condemns terror attack in SomaliaThe UAE has strongly condemned a terror attack in Somalia's capital city of Mogadishu that left several military recruits dead.
