Latest News: UAE to build 16-lane E-911 highway connecting Dubai and Ras Al KhaimahSaudi woman executed for killing her mother and attempting to murder sisterOman allocates additional Shura Council seats for women as Honourable Lady marks Omani Women’s DayUAE aviation authority warns of flight delays due to weather fluctuations and low visibilityRas Al Khaimah Ruler and India’s External Affairs Minister discuss trade and economic tiesOman warns seafarers of hazardous floating containers off Musandam coastSaudi Arabia’s Darah launches program to preserve legacy of pioneering historiansDubai Police bust 8-member gang running Dh10,000 fake driving licence schemeUAE ready to take all necessary measures if Iran attacks again, says FNC official Dr Ali Al NuaimiSharjah Police bust four global crime networks, uncover Dh8.8 billion in money launderingUAE rain alert: Showers hit Sharjah, hail falls on roads to Fujairah as police urge cautionSaudi Arabia strikes oil facility near Sanaa, Houthi media reportsHouthis threaten to strike Riyadh airport and Aramco facilities if Saudi hits SanaaRed Cross calls for urgent de-escalation in Middle East amid rising civilian tollQatar Emir hails country’s resilience during ‘exceptional events’ at Shura CouncilCristiano Ronaldo raises Saudi scarf in solidarity amid Riyadh match delayFlydubai, Etihad Airways extend Saudi flight cancellations amid Houthi attacksOne dead, 11 injured in Sunday attack on Riyadh airport‘We’re all targets’: UAE’s Gargash calls for joint Gulf action amid attacks on Saudi ArabiaSaudi-led coalition destroys 136 Houthi military targets amid new Yemen offensiveUAE forecasts dense fog until Tuesday as NCM issues visibility warningsUAE decriminalises attempted suicide under new law amendmentSaudi aviation authority reports three killed and 36 injured in airport attacksUAE President calls for nationwide rain prayers on FridayUAE sets new sodium, sugar, and fat limits with fines up to Dh500,000UAE condemns Houthi attacks on Saudi facilities and Red Sea shippingHouthis claim ballistic missile attacks on airports in Riyadh and AdenSaudi Arabia warns public against filming missile and drone interceptionsOman evacuates crew from burning tanker off Musandam; 11 Indian nationals among injuredOman’s Sultan Haitham begins high-level talks during historic state visit to KazakhstanMakkah Alliance activates collective defense to deploy joint military forces in Saudi ArabiaUAE’s du Pay to introduce subscription model for digital remittance servicesThree injured following attacks on Jazan and Najran airports in Saudi ArabiaEtisalat offers free data and major discounts to celebrate 50th anniversaryDubai Retail announces new 1.3 million sqft Skylight Mall opening on Al Khail RoadAustralian counterterrorism police investigate flydubai co-pilot’s past following mid-air attackDubai Police seize over 400 scooters and bicycles in Naif road safety crackdownUKMTO reports maritime incident as Iran’s IRGC threatens transiting tanker off Oman’s KhasabIndiGo raises fuel charges on UAE-India flights citing surging aviation fuel costsUAE intercepts over 300kg of drugs in 14 airport smuggling attemptsOman police arrest two for multiple warehouse thefts at Khasab PortKuwait tightens traffic rules for delivery drivers, warns of vehicle impoundmentSaudi Arabia offers up to SR10 million reward for reporting unknown endowmentsDubai schools urge parents to halt unauthorized campus photography amid privacy lawsSaudi-led coalition thwarts Houthi ballistic missile attack on Khamis MushaitTanker catches fire after being struck by ‘unknown projectile’ in Strait of HormuzMakkah security forces apprehend man for harassing visitors and inciting panicUAE launches terrorism probe into flydubai cockpit altercation and emergency diversionMorocco declares Saudi security ‘integral’ as King Mohammed VI condemns Houthi missile strikesGCC tourism contribution projected to hit $365.7 billion by 2035 amid digital pushQatar signs legal cooperation pact with UAE at UN Crime Congress in Abu DhabiNCM forecasts potential above-average rainfall across UAE as El Niño strengthensOman pursues legal action against tourist over viral sea turtle videoDubai Vartha celebrates 10 years by gifting exclusive UAE National Day getaway to loyal viewersSaudi Arabia, Pakistan, and Turkiye deepen military cooperation amid escalating Houthi attacksBahraini woman stands trial for assaulting police officers during arrestKuwait records 36% drop in domestic violence cases following new protection lawUN chief praises Oman’s efforts to facilitate regional dialogue and humanitarian actionOman steps up market monitoring to check inflation amid shifting global dynamicsUAE hosts largest UN Crime Congress in Abu Dhabi with delegates from 110 nationsflydubai and Air India launch interline partnership to expand UAE-India connectivityBahrain leads 80 nations in urgent call to reopen Strait of HormuzKuwaiti crude oil price jumps past $113 per barrel amid market volatilityBahrain condemns escalating Houthi missile attacks targeting Saudi ArabiaQatar rejects Israeli Prime Minister’s allegations during UN General Assembly addressOman takes part in key UN meetings on regional trade, maritime security in New YorkUAE renames 10-million Gaza meal drive in honour of late Sheikh Ahmed bin RashidSaudi Arabia, Pakistan, and Turkiye hold urgent defense talks in New YorkUAE Ministry of Higher Education launches AI-powered scholarship platformSaudi coalition forces intercept six ballistic missiles targeting Taif and YanbuSaudi foreign minister joins GCC-ASEAN talks to expand economic cooperationDubai hosts first ‘Legathon’ to shape local construction lawsSharjah Ruler settles Dh17.86 million in citizens’ debts across 82 casesUAE sends winter supplies to Gaza under new humanitarian driveEtihad Rail launches Dubai to Abu Dhabi ticket bookings with fares starting at Dh39UAE NRIs to face zero charges on personal UPI transfers despite new merchant feesQatar launches ‘Beacon of Knowledge’ initiative to support private school studentsOman’s Sultan Haitham presides over Council of Ministers meeting in SalalahUAE to officially welcome autumn on September 23 as temperatures gradually dipPotential danger has passed in Saudi Arabia’s Najran region, civil defence saysUS sanctions on Iranian airlines: What travelers need to know ahead of the September 23 cutoffIndian PM Modi extends condolences over the passing of Sheikh Ahmed bin RashidUS Treasury warns all Iranian airlines face global shutdown by Sept 23GCC foreign ministers coordinate positions ahead of UN General AssemblyRed alert issued for heavy rain and flash floods in parts of Saudi ArabiaUAE and Meta launch programme to develop AI-powered wearable technologyUAE leaders mourn the passing of Sheikh Ahmed bin Rashid Al MaktoumMakkah Grand Mosque muezzin Sheikh Ibrahim Al Madani passes away at 50Dubai declares 10-day official mourning period following the passing of Sheikh Ahmed bin RashidSmriti Mandhana becomes highest run-scorer in women’s T20Is at Asian Games 2026US President Trump says he is open to meeting Iranian President PezeshkianHouthis claim drone and missile attacks on sensitive targets in RiyadhGlobal sukuk issuance set for H2 recovery as GCC issuers returnUAE advances global efforts toward sustainable water access at UN Human Rights CouncilUS approves potential $24.3 billion sale of F-35 fighters to Saudi ArabiaDubai named Middle East’s leading destination at World Travel Awards 2026Saudi Arabia and Qatar strengthen bilateral security and military coordination in RiyadhGCC condemns Houthi drone attack on Saudi Arabia’s Taif governorateUAE retailer Xpressions named ‘Most Admired Responsible Retailer’ ahead of 28th anniversarySheikh Khaled approves programme to raise IVF success rates to 80% by 2030
Wed. Oct 28th, 2026
Latest News: UAE to build 16-lane E-911 highway connecting Dubai and Ras Al KhaimahSaudi woman executed for killing her mother and attempting to murder sisterOman allocates additional Shura Council seats for women as Honourable Lady marks Omani Women’s DayUAE aviation authority warns of flight delays due to weather fluctuations and low visibilityRas Al Khaimah Ruler and India’s External Affairs Minister discuss trade and economic tiesOman warns seafarers of hazardous floating containers off Musandam coastSaudi Arabia’s Darah launches program to preserve legacy of pioneering historiansDubai Police bust 8-member gang running Dh10,000 fake driving licence schemeUAE ready to take all necessary measures if Iran attacks again, says FNC official Dr Ali Al NuaimiSharjah Police bust four global crime networks, uncover Dh8.8 billion in money launderingUAE rain alert: Showers hit Sharjah, hail falls on roads to Fujairah as police urge cautionSaudi Arabia strikes oil facility near Sanaa, Houthi media reportsHouthis threaten to strike Riyadh airport and Aramco facilities if Saudi hits SanaaRed Cross calls for urgent de-escalation in Middle East amid rising civilian tollQatar Emir hails country’s resilience during ‘exceptional events’ at Shura CouncilCristiano Ronaldo raises Saudi scarf in solidarity amid Riyadh match delayFlydubai, Etihad Airways extend Saudi flight cancellations amid Houthi attacksOne dead, 11 injured in Sunday attack on Riyadh airport‘We’re all targets’: UAE’s Gargash calls for joint Gulf action amid attacks on Saudi ArabiaSaudi-led coalition destroys 136 Houthi military targets amid new Yemen offensiveUAE forecasts dense fog until Tuesday as NCM issues visibility warningsUAE decriminalises attempted suicide under new law amendmentSaudi aviation authority reports three killed and 36 injured in airport attacksUAE President calls for nationwide rain prayers on FridayUAE sets new sodium, sugar, and fat limits with fines up to Dh500,000UAE condemns Houthi attacks on Saudi facilities and Red Sea shippingHouthis claim ballistic missile attacks on airports in Riyadh and AdenSaudi Arabia warns public against filming missile and drone interceptionsOman evacuates crew from burning tanker off Musandam; 11 Indian nationals among injuredOman’s Sultan Haitham begins high-level talks during historic state visit to KazakhstanMakkah Alliance activates collective defense to deploy joint military forces in Saudi ArabiaUAE’s du Pay to introduce subscription model for digital remittance servicesThree injured following attacks on Jazan and Najran airports in Saudi ArabiaEtisalat offers free data and major discounts to celebrate 50th anniversaryDubai Retail announces new 1.3 million sqft Skylight Mall opening on Al Khail RoadAustralian counterterrorism police investigate flydubai co-pilot’s past following mid-air attackDubai Police seize over 400 scooters and bicycles in Naif road safety crackdownUKMTO reports maritime incident as Iran’s IRGC threatens transiting tanker off Oman’s KhasabIndiGo raises fuel charges on UAE-India flights citing surging aviation fuel costsUAE intercepts over 300kg of drugs in 14 airport smuggling attemptsOman police arrest two for multiple warehouse thefts at Khasab PortKuwait tightens traffic rules for delivery drivers, warns of vehicle impoundmentSaudi Arabia offers up to SR10 million reward for reporting unknown endowmentsDubai schools urge parents to halt unauthorized campus photography amid privacy lawsSaudi-led coalition thwarts Houthi ballistic missile attack on Khamis MushaitTanker catches fire after being struck by ‘unknown projectile’ in Strait of HormuzMakkah security forces apprehend man for harassing visitors and inciting panicUAE launches terrorism probe into flydubai cockpit altercation and emergency diversionMorocco declares Saudi security ‘integral’ as King Mohammed VI condemns Houthi missile strikesGCC tourism contribution projected to hit $365.7 billion by 2035 amid digital pushQatar signs legal cooperation pact with UAE at UN Crime Congress in Abu DhabiNCM forecasts potential above-average rainfall across UAE as El Niño strengthensOman pursues legal action against tourist over viral sea turtle videoDubai Vartha celebrates 10 years by gifting exclusive UAE National Day getaway to loyal viewersSaudi Arabia, Pakistan, and Turkiye deepen military cooperation amid escalating Houthi attacksBahraini woman stands trial for assaulting police officers during arrestKuwait records 36% drop in domestic violence cases following new protection lawUN chief praises Oman’s efforts to facilitate regional dialogue and humanitarian actionOman steps up market monitoring to check inflation amid shifting global dynamicsUAE hosts largest UN Crime Congress in Abu Dhabi with delegates from 110 nationsflydubai and Air India launch interline partnership to expand UAE-India connectivityBahrain leads 80 nations in urgent call to reopen Strait of HormuzKuwaiti crude oil price jumps past $113 per barrel amid market volatilityBahrain condemns escalating Houthi missile attacks targeting Saudi ArabiaQatar rejects Israeli Prime Minister’s allegations during UN General Assembly addressOman takes part in key UN meetings on regional trade, maritime security in New YorkUAE renames 10-million Gaza meal drive in honour of late Sheikh Ahmed bin RashidSaudi Arabia, Pakistan, and Turkiye hold urgent defense talks in New YorkUAE Ministry of Higher Education launches AI-powered scholarship platformSaudi coalition forces intercept six ballistic missiles targeting Taif and YanbuSaudi foreign minister joins GCC-ASEAN talks to expand economic cooperationDubai hosts first ‘Legathon’ to shape local construction lawsSharjah Ruler settles Dh17.86 million in citizens’ debts across 82 casesUAE sends winter supplies to Gaza under new humanitarian driveEtihad Rail launches Dubai to Abu Dhabi ticket bookings with fares starting at Dh39UAE NRIs to face zero charges on personal UPI transfers despite new merchant feesQatar launches ‘Beacon of Knowledge’ initiative to support private school studentsOman’s Sultan Haitham presides over Council of Ministers meeting in SalalahUAE to officially welcome autumn on September 23 as temperatures gradually dipPotential danger has passed in Saudi Arabia’s Najran region, civil defence saysUS sanctions on Iranian airlines: What travelers need to know ahead of the September 23 cutoffIndian PM Modi extends condolences over the passing of Sheikh Ahmed bin RashidUS Treasury warns all Iranian airlines face global shutdown by Sept 23GCC foreign ministers coordinate positions ahead of UN General AssemblyRed alert issued for heavy rain and flash floods in parts of Saudi ArabiaUAE and Meta launch programme to develop AI-powered wearable technologyUAE leaders mourn the passing of Sheikh Ahmed bin Rashid Al MaktoumMakkah Grand Mosque muezzin Sheikh Ibrahim Al Madani passes away at 50Dubai declares 10-day official mourning period following the passing of Sheikh Ahmed bin RashidSmriti Mandhana becomes highest run-scorer in women’s T20Is at Asian Games 2026US President Trump says he is open to meeting Iranian President PezeshkianHouthis claim drone and missile attacks on sensitive targets in RiyadhGlobal sukuk issuance set for H2 recovery as GCC issuers returnUAE advances global efforts toward sustainable water access at UN Human Rights CouncilUS approves potential $24.3 billion sale of F-35 fighters to Saudi ArabiaDubai named Middle East’s leading destination at World Travel Awards 2026Saudi Arabia and Qatar strengthen bilateral security and military coordination in RiyadhGCC condemns Houthi drone attack on Saudi Arabia’s Taif governorateUAE retailer Xpressions named ‘Most Admired Responsible Retailer’ ahead of 28th anniversarySheikh Khaled approves programme to raise IVF success rates to 80% by 2030
Wed. Oct 28th, 2026

Lunate launches Shariah Dividend ETF as GCC construction pipeline reaches $2 trillion

  • GCC
  • June 2, 2026

The Gulf Cooperation Council (GCC) financial landscape continues to demonstrate robust momentum with innovative investment products and an expanding infrastructure network. Prominent investment manager Lunate has officially announced the launch of its new GCC Shariah Dividend ETF (GCCDIV), a Shariah-compliant Exchange Traded Fund structured to offer exposure to high-performing, dividend-paying enterprises adhering to Islamic finance protocols. The fund is slated for formal listing on the Abu Dhabi Securities Exchange (ADX) on June 23, 2026, opening institutional and retail pathways for ethical wealth management. This financial milestone coincides with regional infrastructure trackers reporting that the GCC construction project pipeline has surged to an aggregate value of $2 trillion, driven by comprehensive economic diversification strategies and mega-scale urban transformation blueprints.

Staff Writer (Aw)

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