Business News from Wednesday, June 18th, 2025

Meraas, part of Dubai Holding Real Estate, has awarded a construction contract worth over AED 450 million to Naresco Contracting for Central Park Plaza, a high-end residential development at City Walk.

Careem, Uber's ride-hailing arm in the Middle East, will suspend its Pakistan service on July 18, citing economic challenges, rising competition and capital constraints, ending its core business in a country where it helped pioneer app-based transport nearly a decade ago.

Dubai International Chamber has launched a new representative office in Canada's Toronto, as it aims to bolster economic ties and explore avenues of increased investment between Dubai and Canada.