Investec Bank has signed a deal to purchase four A380 superjumbo jets operated by Emirates before leasing them back to the Dubai-based carrier. The London-based bank will pay a total of USD $1 billion for the double-decker aircrafts, two of which are new and owned by Emirates. Investec, which already finances single-aisle and smaller twin-aisle aircrafts, plans to own the A380s for 12 years before selling them on the secondary market.
Dubai retains position as leading maritime city
Dubai has retained its position as the Middle East's leading maritime city and ranked 12th globally in the 2026 Leading Maritime Cities report by DNV and Menon Economics.
Nvidia CEO Jensen Huang steps down
Nvidia CEO Jensen Huang is stepping down, leaving the AI industry without its biggest champion and clouding the future of the chipmaker he built into an AI powerhouse.
DEWA reports record-breaking AED25.74 billion revenue in 2026
Dubai Electricity and Water Authority (DEWA) has reported record-breaking revenue of AED25.74 billion in the first nine months of 2026 - up 3 per cent on last year.
Nakheel unveils new sustainable community beside Palm Jebel Ali
Nakheel, a member of Dubai Holding Real Estate, has unveiled Palm Springs, a 3.8 million sq m residential masterplan adjacent to Palm Jebel Ali in southern Dubai.
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