Nakheel has partnered with Hilton Worldwide to manage a new hotel at Jumeirah Village Triangle. The Dubai developer has signed a letter of intent with the hotel chain for the 18-storey property. The 256-room hotel will be managed under the Double Tree by Hilton brand, which caters to business and leisure travelers. It will be linked to Al Khail Avenue, a mall that will house 350 shops, restaurants and entertainment outlets.
Standard Chartered issues clarification on local operations
Standard Chartered Bank has clarified that reports of staff being evacuated from its Dubai offices are inaccurate.
IEA proposes record release of strategic stocks in response to Iran war oil price surge
The International Energy Agency (IEA) on Wednesday recommended the release of 400 million barrels of oil, the largest such move in its history, to try to restrain soaring crude prices amid the U.S.-Israeli war with Iran.
H.H. Sheikh Hamdan highlights economic resilience at Dubai Majlis
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, UAE Deputy Prime Minister and Defence Minister, attended a specially convened Dubai Majlis to discuss strategies to reinforce economic resilience.
Oil sinks 11% as Trump predicts Middle East de-escalation
Oil prices plummeted by more than $10 a barrel on Tuesday after soaring to an almost four-year high in the previous session after U.S. President Donald Trump predicted the war in the Middle East could end soon, lowering expectations of prolonged disruptions to oil supply.
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