The Palm Tower on Dubai’s Palm Jumeirah is now almost 95 per cent complete, with all components due to open by October this year.
According to developer Nakheel, the 52-storey building is in the advanced stages of fit out, with all exterior cladding completed.
Soaring 240 metres above the Palm Jumeirah, The Palm Tower offers sweeping, uninterrupted views of the world-famous island, the Arabian Gulf and the Dubai skyline.
The building comprises 432 luxury, fully furnished residences, due for handover from October this year, and a 290-room St. Regis hotel, opening this summer.
The studios and one, two and three bedroom apartments occupy levels 19 to 47 of the building, while the hotel is on the first 18 floors.
ADNOC Distribution has reported a net profit growing by 15.6 per cent year-on-year to $579 million in the first nine months, with an EBITDA increase of 12 per cent to $885 million, its strongest performance since listing in 2017.
TECOM Group has announced a 20 per cent revenue growth reaching more than AED 2.1 billion, with a net profit exceeding AED 1.1 billion, marking an 18 per cent year-on-year increase.
The Dubai Financial Market (DFM) has announced its consolidated financial results for the nine months ending September 30, reporting a net profit before tax of AED 930.8 million, an increase of 212 per cent compared to the same period in 2024.
DMCC — Dubai’s leading international business district — has announced plans to create a new Financial Centre that will anchor trade finance, fintech innovation and digital asset solutions across its 26,000-member community.
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15 per cent to 3.90 per cent, effective from Thursday, October 30.
The UAE has launched an urgent humanitarian mission to assist communities affected by Hurricane Melissa, which devastated parts of Jamaica, Haiti and Cuba.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, looked at ways to advance cooperation with South Korea in key sectors during talks with President Lee Jae-myung in Gyeongju.