08 Feb 2026

Dubai's Roads and Transport Authority has revealed the first strategic locations for the initial phase of the Dubai Loop, a high-speed underground transport system being developed in partnership with The Boring Company, backed by the Elon Musk-linked venture. The first phase will span around 6.4 km and connect locations within central Dubai, with the Dubai International Financial Centre and Dubai Mall area confirmed as starting points for the system's tunnels and stations. The initial segment will feature four stations linking key commercial and tourist districts, significantly reducing travel time between major urban centres. Officials said the project is designed to improve urban mobility, reduce surface congestion and support seamless integration with existing transport networks, with further expansion phases planned to extend the system across the emirate's broader transit corridor.Read more

07 Feb 2026

Home sales across the Greater Toronto Area declined sharply in January, recording their steepest monthly fall in almost 11 months, as economic uncertainty continued to keep buyers cautious. Data released by the Toronto Regional Real Estate Board showed seasonally adjusted sales fell nearly 10% from December, while prices also extended their downward trend. The home price index dropped for the eighth consecutive month, reflecting weaker demand amid concerns over affordability and broader economic risks. Ongoing uncertainty linked to Canada's economic outlook and trade relations with the United States has weighed on long-term purchasing decisions. With new listings also declining, market participants expect elevated supply levels to limit any near-term price recovery, while overall sales activity is likely to remain subdued through 2026.Read more

06 Feb 2026

Ocado said its Canadian partner Sobeys has decided to close its automated grocery warehouse in Calgary due to slower growth in Alberta's online grocery market. The move follows similar closures by Ocado's US partner Kroger and adds to pressure on Ocado's business model. While warehouses in Toronto and Montreal will continue operating, plans for Vancouver remain paused. Ocado expects compensation of GBP 18 million for the closure but anticipates a GBP 7 million hit to future fee revenue, while maintaining its focus on achieving positive cash flow.Read more

06 Feb 2026

New York and New Jersey have approached a federal court seeking an emergency order to restore funding for the Hudson River rail tunnel after the Trump administration halted federal support. The states argue that the freeze could stop construction within days and lead to job losses. The legal action follows a separate suit by the Gateway Development Commission. The project, valued at about USD 16 billion, is vital for rail travel between the two states and supports over 200,000 daily passengers. Federal authorities have cited legal and policy concerns.Read more

06 Feb 2026

Abu Dhabi-based sovereign investor Mubadala has secured an arbitration award of over EUR 700 million, equivalent to about USD 825 million, in a dispute linked to losses arising from the collapse of Austria's Signa property group. The ruling was delivered by an International Chamber of Commerce tribunal against several Signa entities and two family trusts, while claims against the group's founder were rejected. The case follows Signa's insolvency in late 2023, triggered by high debt levels, rising interest rates, and liquidity stress across its European property portfolio.Read more

06 Feb 2026

HAESL has partnered with HCLTech to modernize its maintenance, repair, and overhaul operations in Hong Kong. HCLTech will deploy its iMRO/4 system as the Maintenance Execution System, integrated with SAP S/4HANA, to provide full workflow traceability, real-time data visibility, and better resource utilisation. HAESL aims to enhance operational efficiency, ensure compliance with international standards, and create a scalable digital foundation for long-term growth. This move builds on HAESL's previous digital initiatives and underscores its commitment to strengthening its MRO capabilities.Read more

06 Feb 2026

AME Real Estate Investment Trust posted a quarterly revenue of 16 million RGT, with a profit of 9.57 million RGT attributable to shareholders. It declared an interim income distribution of 2.06 sen per unit, maintaining a steady income stream for investors. The quarterly results reflect ongoing operational efficiency and stable asset management, consistent with previous periods. Analysts note that the trust's focus on balancing income generation with sustainable growth helps it navigate market fluctuations while maintaining reliable returns for unit holders.Read more

06 Feb 2026

Dubai Residential REIT has reported higher full-year profit and revenue, supported by stable rental income and steady demand across its residential portfolio. Net profit rose to AED 1.28 billion from AED 1.12 billion a year earlier, while revenue increased to AED 1.95 billion from AED 1.79 billion. Alongside the earnings growth, the board has proposed a dividend of 4.2 fils per share for the second half of 2025, subject to approvals. The performance aligns with broader strength in Dubai's residential rental market.Read more

06 Feb 2026

Aedas Homes has announced that its board of directors has issued a favourable opinion on the takeover offer received from Neinor Homes, stating that the proposed price is appropriate. The opinion follows a board-level review conducted earlier this week. While no additional financial details were disclosed, the move marks an important step in the takeover process. Both Aedas Homes and Neinor Homes are major listed residential developers in Spain, and the proposed transaction fits within ongoing consolidation trends in the country's housing market.Read more

05 Feb 2026

CK Hutchison has begun international arbitration after Panama's Supreme Court cancelled its licences to operate the Balboa and Cristobal ports, citing constitutional violations. The ruling has cast uncertainty over the company's long-term presence in the Panama Canal and a USD 23 billion global ports sale led by BlackRock and MSC. While China criticised the court decision sharply, some analysts believe the broader deal could proceed without the two ports. The dispute highlights growing legal and geopolitical tensions around strategic global trade infrastructure.Read more