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    Featured in Banking and Investments
    Sanad Announces Strong H1 2024 Results of AED 2.3 Billion in Revenue, Projecting Significant Full-Year Growth

    Total Revenue: AED 2.3 billion for the first half of 2024, projecting full-year revenue of AED 4.5 billion Strategic agreements: Partnerships with Deucalion, Asiana Airlines, AerCap and CFM Materials bolster Sanad’s market position as a trusted partner of global aviation organizations LEAP MRO Center Investment Fuels Growth: The substantial investment of over AED 100 million in the new LEAP MRO Center and significant growth in global air travel demand has fortified Sanad’s operational capabilities and elevated its performance to new heights in H1 2024 Abu Dhabi, United Arab Emirates - 18 July 2024: Sanad, the global aerospace engineering and leasing solutions leader wholly owned by Abu Dhabi’s sovereign investor Mubadala Investment Company PJSC (Mubadala), today announced its ......read more

    e& UAE announces the winners of ‘SMB Awards 2024'

    Abu Dhabi, 15th July 2024 – e& UAE announced the winners of its third edition of ‘SMB Awards 2024’ celebrating the outstanding talent and innovation within the Small and Medium Businesses (SMBs) in the UAE. Held at the prestigious Jumeirah Emirates Towers in Dubai, the gala ceremony highlighted the exemplary accomplishments of SMBs across 14 distinct categories. Esam Mahmoud, Senior Vice President, SMB of e& UAE, said: "The SMB Awards celebrate the energy and success within our industry. Every organisation we recognised exemplifies the spirit of innovation and resilience that drives the UAE’s economic growth. As we navigate an increasingly competitive landscape, SMBs will continue to play a vital role in shaping the nation’s dynamic and forward-thinking future. e& UAE is committed to ......read more

    DIFC Courts records strong uptake of services in first six months of 2024

    Increase of 10% in the total number of cases filed with the Court of First Instance (CFI) Total value of cases filed with the Small Claims Tribunal increases by 37% International connectivity expanded with Hong Kong cooperation agreement Dubai, United Arab Emirates; 15 July 2024: The Dubai International Financial Centre (DIFC) Courts today released its figures for the first six months of 2024, reflecting continued growth in case numbers for the region’s pre-eminent forum for English language dispute resolution. In addition, there has been an uptake of additional ancillary services, such as the tejouri digital vault service, as Dubai Government’s paperless mandate drives demand for secure digital storage of life admin documentation. The value of cases across all Divisions in the first half of 2024 was AED 1.05 ......read more

    44.01 completes $37m Series A investment round

    $37m fundraise will enable technology development, commercialisation and international expansion Investors include climate investment leaders, geological carbon storage experts and technology developers 44.01’s technology already piloted in Oman and the UAE Potential for CO2 mineralisation on every continent making 44.01’s technology a safe, permanent, and scalable carbon sequestration solution 15 July 2024: 44.01 announces the completion of a $37m Series A funding round. The round is led by Equinor Ventures with Shorooq Partners in the UAE, as well as (in alphabetical order) Air Liquide Venture Capital (ALIAD), Alumni Ventures, Amazon’s Climate Pledge Fund, Climate Investment, Innovation Development Oman, Planet A Ventures, Salica Oryx Fund, Siemens Financial Services, Sumitomo Corporation and several ......read more

    UAE shows economic stability despite potential impact of Fed Rate decisions and upcoming U.S. elections

    Dubai, 10 July 2024 - Despite an air of uncertainty stemming from the US Presidential Elections and recent U.S. economic indicators demonstrating a decline in leading economic activity metrics, the UAE economy has been holding up with the latest CPI year-over-year figure decreasing from a six-month high of 3.91% to 3.81% at the second half of the year. Meanwhile, the U.S. CPI year-over-year has fallen from 3.4% to 3.3%. Expecting a sluggish growth of commodity prices, wages, rents, as well as the increase of the UAE Dirham due to a strong US Dollar that could consequently moderate levels of inflation further, the CBUAE's June 2024 outlook revised the 2024 inflation forecast down from 2.5% to 2.3%. Razan Hilal, Market Analyst at FOREX.com comments: “With this and a slew of global economic uncertainties, the UAE economy ......read more

    DIEZ and Aramex Launch Autonomous Delivery Robot, Redefining Urban Living

    DIEZ to commence pilot at DSO and expand it to DAFZ and DCC Dubai, UAE: June 26, 2024 – The Dubai Integrated Economic Zones Authority (DIEZ), and logistics giant Aramex, today commenced with pilot testing of Aramex’s pioneering autonomous robot delivery system at Dubai Silicon Oasis (DSO), the special economic zone for knowledge and innovation and a member of DIEZ. The initiative marks a significant step towards the integration of sustainable autonomous delivery vehicles within the urban fabric of Dubai, in line with the Dubai 2040 Urban Master Plan, and represents a pivotal step in the realization of Dubai’s vision to convert 25 percent of its transportation system to autonomous mode by 2030. The pilot phase testing, scheduled to run for three months, is set to achieve full operational status by September. ......read more

    Dubai Taxi clinches two prestigious global awards in the financial markets sector

    DTC receives the Best Sustainable IPO in EMEA award at ceremony hosted by EMEA Finance Awards 2024 Dubai Taxi wins Equity Capital Markets Deal of the Year award at the Bonds, Loans & Sukuk Middle East Awards 2024 Dubai, June 25, 2024 Dubai Taxi Company (DTC), the leading provider of comprehensive mobility solutions in Dubai, has won two prestigious global awards in the financial markets sector. The company was honoured with the Best Sustainable IPO in EMEA award at a ceremony hosted by EMEA Finance Awards 2024 in London. Abdulla Ibrahim Almeer, Chief Business Transformation Officer of Dubai Taxi Company, received the award on behalf of DTC. Additionally, Dubai Taxi has  also  won the Equity Capital Markets Deal of the Year award at the Bonds, Loans, & Sukuk Middle East Awards 2024 held in ......read more

    Fia Launches A Women's Mentorship Programme And A Concussion Awareness Campaign During The Fia 2024 Conference In Uzbekistan

    Paris, 20 June 2024 – Setting a precedent in the support of motorsport racers, FIA President Mohammed Ben Sulayem has launched two innovative projects while at the FIA 2024 Conference in Samarkand, Uzbekistan, namely: The Women in Motorsport Mentorship Programme and the Concussion Awareness Campaign. Linked live to the FIA Women in Motorsport networking event, the Women in Motorsport Mentorship Programme pairs experienced women already in the sport – mentors - with those wanting to start their career – mentees -, thus, facilitating knowledge sharing as well as personal and professional growth, while fostering a culture of learning and collaboration. The programme offers a great opportunity for mentors to share their experiences and perspectives to accelerate the mentee’s development, while providing ......read more

    Intersec the catalyst for potential industry investments worth over US$16.7 billion

    Intersec demonstrates its pivotal role in the global safety, security, and fire protection industries, fostering substantial business opportunities and innovation Exhibitors formed significant agreements during the past edition to enhance judicial performance, develop public transport safety and enhance smart city security  The upcoming 26th edition of Intersec takes place at the Dubai World Trade Centre from 14-16 January 2025  Dubai, UAE: Messe Frankfurt Middle East has revealed that the 25th edition of Intersec, the world's leading business event for safety, security, and fire protection, held in Dubai earlier this year, resulted in a potential business buying capacity of over US$16.7 billion for the industry.   The event saw significant deals, including a strategic agreement between Moro Hub, a ......read more

    Opportunities in Dubai: The Benefits of Diversifying Investment Portfolios with Forex Trading

    Every year, there are fewer ways to deny that Dubai is a star trading destination and strategic meeting point for fintech entrepreneurs, investors and global enterprises. Already known to be a tourism champion due to its many towering megastructures and larger-than-life hotels, the jewel metropolis of the Arabian desert routinely manages to attract new financial players with its countless lucrative investment opportunities. The ecosystems surrounding business in this context are strong and the ground is fertile for forex trading UAE portfolio diversification. However, essential elements of trading strategy remain as a must for successful as well as lucrative navigation. A diamond where investment opportunities abound Newcomers to forex investing in this arena would be wise to avoid making any assumptions based ......read more

    Menzies Aviation announces third year of double-digit growth

    Strong financial performance, with global revenue increasing 10.7% year-on-year to $2.2 billion (2022: $1.9 billion). Expanded global footprint to 265+ airports in 55+ countries. Welcomed 6,000 new colleagues, expanding global workforce to 45,000. Increased its electric Ground Support Equipment (GSE) fleet to 17% globally, on track to meet its target of 25% by 2025. Reduced emissions by 26,000 tonnes CO2e since 2019, underlining progress against its 50% reduction target for 2030. Increased female senior leadership to 20% on track against its 25% target, aligned to IATA’s 25by2025 campaign. 10 June 2024, Dubai: Menzies Aviation, the leading service partner to the world’s airports and airlines, an Agility Global company, has announced three years of consecutive double-digit revenue growth, as air travel ......read more

    Hitachi Energy to invest additional $4.5 billion by 2027 to accelerate the clean energy transition

    • Order backlog more than tripled to over $30 billion since 2020 • More than double new investments in manufacturing, engineering, digital, R&D and partnerships across all major markets from 2024 to 2027 • Around $330 million in capacity expansion, modernization, and new build in Sweden, across all product portfolios with additional 2,000 employees • Global Technology and Innovation Center in India will increase to more than 4,000 employees to serve more than 40 countries   Dubai, June 10, 2024 - Hitachi Energy will invest an additional $4.5 billion in manufacturing, engineering, digital, R&D and partnerships by 2027, doubling the investments done in the last three years. This complements the recently announced $1.5 billion investment in April this year to ramp up global transformer ......read more

    Ajman Bank to Support Ajman University's Scholarship Endowment Fund

    In line with the vision of His Highness Sheikh Humaid bin Rashid Al Nuaimi, Member of the Supreme Council and Ruler of Ajman, and His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, Chairman of Ajman Executive Council, Chairman of Ajman University’s Board of Trustees, and Chairman of Ajman Bank Board of Directors, to provide high-quality educational opportunities for UAE nationals and enhance their leading role in the economic growth of the UAE, Sheikh Rashid bin Humaid Al Nuaimi, Chairman of Ajman Municipality and Planning Department, Vice Chairman of the Board of Trustees of Ajman University, and Vice Chairman of Ajman Bank, witnessed the signing of an MOU between Ajman Bank and Ajman University. The two parties announced the launch of the “Ajman Bank Endowed Scholarship Fund”, to support UAE ......read more

    Vision Golfe 2024 : Record Attendance Signals Growing French-GCC Commercial Cooperation

    Paris, June 6th, 2024 - Vision Golfe 2024, held at the French Ministry of Economy, Finance, Industrial and Digital Sovereignty in Paris, has marked a significant milestone in bolstering economic relations between France and the Gulf Cooperation Council (GCC). This year’s edition witnessed unprecedented engagement with over 1,200 attendees, including more than 500 stakeholders from GCC countries, reflecting a growing commitment to enhancing bilateral economic cooperation. The event was packed with insightful discussions that began with a welcoming speech from the French Minister of Economy, Bruno Le Maire, followed by Laurent Saint-Martin, CEO, Business France, on the importance of this strategic cooperation for French trade and attractiveness. The event featured high-level participation from prominent figures such ......read more

    Danube Group Onboards Dubai Media Inc. as Their Official Media Partner

    Dubai, UAE – June 5, 2024 Danube Group, one of the Middle East's largest diversified conglomerates, announced its strategic collaboration with Dubai Media Inc (DMI). This partnership establishes Dubai Media Inc. as the official media partner for Danube Group, marking a significant milestone in the Group's communication and marketing strategy. Rizwan Sajan and Adel Sajan attended the Arab Media Forum (AMF) with the Dubai media team, organized by The Dubai Press Club (DPC). AMF is the region’s largest media thought leadership event, held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The 22nd edition of AMF highlighted the crucial role of media in shaping the region's future and fostering impactful dialogues. During the ......read more

    2024 marks a break through for sustainability in the GCC, PwC report

    Our survey indicated that four in five executives (79%) have a formal sustainability strategy in place, with 52% fully embedding across their organisation. Companies are increasingly creating positions such as Chief Sustainability Officer, and gaining greater support from boards and C-suites. Half of the survey respondents stated that they have made a net-zero commitment, with an additional 26% working toward one. Building a talent pipeline is essential to achieve sustainability commitments, particularly in emerging technologies such as GenAI. Leaders in the region are increasingly looking to secure green loans and capital market funds to support their sustainability efforts. ​Dubai, UAE, 05 June 2024 – PwC Middle East’s recent sustainability report reveals that companies in the Middle East are ......read more

    Sustainability, Social Responsibility, and Space Reinvention Spotlighted on Opening Day of INDEX

    HH Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority and Chairman of Dubai Airports, officially inaugurates INDEX, Workspace, and KIDSPACE 2024 The social reinvention of unused workspaces is the next trend to look out for, say experts on opening day of Workspace Summit, which runs June 4-6 at Dubai World Trade Centre Dubai, UAE, June 4, 2024: This year’s INDEX, the region’s leading event for interior designers, retailers, and fit-out contractors, officially opened today at Dubai World Trade Centre (DWTC). The shows gathered thousands of industry professionals from across the globe looking to do business with international exhibitors and attend a series of high-level networking events, conferences, and live demonstrations. Officially inaugurated by His Highness Sheikh Ahmed bin Saeed ......read more

    DGHR receives 2024 ‘Great Place to Work' certification

    In recognition of efforts to foster positive working environment and promote innovation and excellence Dubai, UAE, June 04, 2024, Dubai Government Human Resources Department (DGHR) received the ‘Great Place to Work’ certification from the prestigious Great Place to Work organisation, a global authority on workplace culture, employee experience and leadership behaviours. The recognition reflects the Department’s commitment to fostering a positive working environment and promoting innovation and excellence among its workforces. Furthermore, it underscores DGHR’s relentless efforts and vision which is driven by an advanced management, development, and governance approach to human resources for the government sector in Dubai. The certification was awarded to DGHR based on a survey of the working environment, ......read more

    In-Play Betting - How to Make the Most of Live Betting Opportunities

    In-play betting is a dynamic form of wagering in which various elements come together to determine success for bettors, such as strategic diversification, real-time analytics, instant decision-making, market dynamics and risk management. You can download and bet online anytime via this link: melbet apk download! In-play betting arbitrage opportunities arise when there are discrepancies in odds for certain outcomes, for instance, if one team takes an early lead and their odds decline dramatically; an astute bettor could capitalize on this by placing an in-play bet to minimize potential losses and hedge their bet. Real-time data In-play betting has revolutionized sports betting by enabling fans to place bets while an event is underway, creating an unparalleled fan experience and increasing broadcaster revenues. While in-play ......read more

    EarthSoul celebrates World Environment Day with expert panel on environmental stewardship

    Experts to explore strategies for resilient communities through environmental stewardship and community resilience Dubai – June 3, 2024:  EarthSoul Festival, organized by Orbit Events, will feature a pivotal panel discussion titled "Building Resilient Communities: Integrating Environmental Stewardship and Sustainability", on the occasion of the World Environment Day. The event is scheduled to take place on June 5th at the Coca Cola Arena, starting at 11:30 AM. The panel will feature experts including Karen Storey, Founder of The Storey Group; Frederic Paille, Co-Founder of CPI Industry; Helene Coulon, Sustainability Director at Dubai Holding Entertainment; Subhan Ali, Manager of Facilities Management at Coca-Cola Arena; Jibran Munaf, Founder of The Finance 360; Srihari Prahalad, Founder of SpryEN; and Morea ......read more

    Dubai SME and Danube Group Sign Cooperation Agreement to Boost Market Opportunities and Foster Growth for Emirati-owned SMEs

    Dubai, UAE – May 30, 2024 – Dubai SME, a subsidiary of the Dubai Department of Economy and Tourism (DET), mandated to develop the small and medium enterprise (SME) sector, and Danube Group, a leading conglomerate in the Middle East, have signed a Cooperation Agreement to diversify the buyer base and expand market opportunities for Emirati-owned SMEs. This strategic alliance seamlessly aligns with the vision of His Highness, Sheikh Mohamed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, and the goals of the ambitious Dubai Economic Agenda, D33 to further consolidate Dubai’s position as a leading global city for business and leisure. The signing ceremony took place at Danube Properties Headquarters in Dubai, with Rizwan Sajan, Founder and Chairman of Danube Group, and H.E. ......read more

    Malabar Gold & Diamonds Redefines Jewellery Shopping with a New Concept outlet at Al Wahda Mall; Inaugurated by Kareena Kapoor Khan

    Malabar Gold & Diamonds, the sixth-largest jewelry retailer worldwide, has introduced their innovative showroom experience concept at Al Wahda Mall in Abu Dhabi, UAE, transforming the experience of jewellery shopping. With more than 350 outlets spanning across 13 countries, Malabar Gold & Diamonds continues to redefine the way customers engage with fine jewellery.  The new showroom was inaugurated by Indian actress and Brand Ambassador of Malabar Gold & Diamonds, Kareena Kapoor Khan in the presence of Mr. Shamlal Ahamed, MD-International Operations, Malabar Gold & Diamonds; Mr. Ameer C.M.C, Director of Finance & Administration, Malabar Gold & Diamonds; Mr. Faisal A.K, Head of Manufacturing, Malabar Gold & Diamonds; other senior management team members from Malabar Gold & Diamonds, customers and ......read more

    Hitachi Energy to secure power exchange between Sardinia and Corsica and mainland Italy

    HVDC technology will transmit renewable power underwater, connecting the Mediterranean islands with Italy’s mainland Multi-terminal HVDC of strategic importance for Europe will make the electricity system even more efficient, reliable, and sustainable Dubai, UAE, June 03, 2024 – Hitachi Energy has been selected by Terna, the Italian Transmission System Operator, and EDF, the integrated French energy company, to provide high-voltage direct current (HVDC) technology to increase the supply and improve the flow of electricity over the connection between Italy’s mainland grid and the islands of Corsica and Sardinia. The interconnection, named Sa.Co.I.3 (a contraction of Sardinia – Corsica – Italy) will replace in full the existing equipment with advanced HVDC technology and increase the power to ......read more

    NWTN Joins UAE Business Delegation to China

    UAE-China Collaboration in Innovation and Manufacturing High on the Agenda  Dubai, United Arab Emirates: NWTN (Nasdaq: NWTN) announced today that it was part of the UAE President's Business delegation to China, marking a significant milestone in its strategic partnership with the region.  This inclusion underscored NWTN's commitment to fostering international collaboration and innovation in the fields of technology and sustainable development. As a key player in the UAE's burgeoning tech ecosystem, NWTN's participation reinforced the importance of bilateral relations between the UAE and China, and the potential for future joint ventures and projects that can drive economic growth and technological advancement in both countries.  The eco-conscious mobility technology company joined key industry ......read more

    KEZAD Group signs lease agreement with NMDC Energy for AED 367m manufacturing facility in Abu Dhabi

    224,000 sqm facility in KEZAD will enhance the emirate's standing in the marine engineering industry Abu Dhabi, UAE – 03 June 2024: Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones, and NMDC Energy, a subsidiary of National Marine Dredging Company (NMDC), today signed an agreement for the establishment of a new manufacturing facility in KEZAD. The 50-year lease agreement signed at the Make It In The Emirates Forum 2024, will see NMDC Energy invest AED 367 million ($100 million) in a 224,000 sqm facility in KEZAD, designated for modular fabrication. The project will offer several strategic benefits to the regional oil and gas sector including world-class engineering, procurement, project management, fabrication, installation and commissioning ......read more

    ENEC and CNNC sign MoU for cooperation and best practice in the development and operation of nuclear energy plants

    Abu Dhabi, UAE – 01 June 2024: The Emirates Nuclear Energy Corporation (ENEC) has signed a Memorandum of Understanding (MoU) with China National Nuclear Corporation (CNNC) to explore opportunities to collaborate and ensure best practice in the development, operation and maintenance of civil nuclear energy plants. The MoU was signed by His Excellency Mohamed Al Hammadi, Managing Director and Chief Executive Officer of ENEC and Yu Jianfeng, Chairman of CNNC in Beijing. The MoU provides a framework for collaboration in short and long-term fuel cycle procurement, developing best practices in operation and maintenance (O&M) of civil nuclear energy facilities, nuclear environmental protection and other areas of mutual interest – including the development of new nuclear energy plants, research and development and exploring ......read more

    Line Investments & Property Partners with Lulu Money to Launch Digital LAKA Gift Card App

    L.I.P. introduces the Digital LAKA Gift Card Application. Laka App can be used at any of the Line Investments Mall in UAE Main features include – buy / gift Digital Laka card, Mall Promotions and Events details, store location, Brand offers, Mall service information. Laka App is powered by Lulu Money and partnered with ADCB Abu Dhabi, UAE – May 31st, 2024 – Line Investments & Property (L.I.P.), a premier shopping mall development division of Lulu Group International, joining hand with Lulu Money one of UAE’s leading financial services companies, to introduce the Digital LAKA Gift Card Application, set to revolutionize the shopping experience across the UAE. The objective behind introducing the virtual card is to enhance the shopping experience for customers, providing convenience, ......read more

    Union Coop Opens New ‘Silicon Oasis' Branch TODAY with “6-Day” Promotion

    The Cooperative has inaugurated its 27th branch in Dubai Silicon Oasis today at 5 p.m., offering shoppers up to 60% discounts on a wide range of products from May 31 to June 5, 2024. Dubai, UAE: Union Coop inaugurated its 27th branch in Dubai Silicon Oasis today at 5 p.m., aiming to provide exceptional services to shoppers in the area and its surroundings, who will benefit from the periodic promotional campaigns and discounts offered throughout the year. On the occasion of opening its 27th branch in Dubai Silicon Oasis, Union Coop is offering shoppers special discounts at the branch for 6 days from May 31 to June 5, 2024. The discounts will reach up to 60% on hundreds of selected food and non-food items, catering to the needs and desires of shoppers, ensuring competitive prices, and providing numerous purchasing options for ......read more

    Line Investments & Property Announces one-month Big Bonanza Grand Summer Super Sale with Exciting Raffles

    Line Investments & Property presents a month-long Summer Super Sale The summer super sale begins from May 31st till June 30th  2024 Discounts of upto 90% on brands across all line investments 11 malls in Abu Dhabi, Al Ain and Al Dhafra The raffle giveaway includes cars, exotic travel packages, gold vouchers and much more. Abu Dhabi, UAE – May 31st, 2024 - Line Investments & Property, a premier retail division of Lulu Group International, is excited to announce the highly anticipated Summer Super Sale, taking place from May 31st to June 30th 2024. The Grand sale was inaugurated by Mr. Wajeb Al Khoury, Director Line Investments and property (LIP) and Biju George, General Manager, LIP Shoppers can enjoy massive discounts of up to 90% off across 11 participating malls in Abu Dhabi, Al Ain, and Al Dhafra, ......read more

    OMODA & JAECOO Commits to Green Mobility in the Middle East with Innovative ESG Initiatives for a Sustainable Future

    OMODA & JAECOO showcased its commitment to ESG and sustainable development at its latest business conference. Over 2,000 industry pioneers, partners, and user representatives from 80 countries witnessed the brand’s ecological advancements beyond cars. OMODA & JAECOO organized the Shenshan Music Festival, which was attended by domestic and international guests, as well as music enthusiasts, in Wuhu. The automotive brand complements the focus of the Middle East region and the world to embrace ESG practices in the automotive sector. OMODA & JAECOO highlighted technological innovations and platforms such as ‘O-UNIVERSE’ and ‘GREEN OJ’ to build a comprehensive and sustainable ecosystem. Dubai, United Arab Emirates, May 30, 2024: With the Middle East region focusing on achieving Net ......read more

    Partnership Agreement Signed between Kanoo Machinery UAE & KSA and Combilift to Revolutionize Material Handling in Saudi Arabia

    28th May 2024, Riyadh, Kingdom of Saudi Arabia:  In a strategic development, Kanoo Machinery UAE and KSA, a member of Yusuf Bin Ahmed Kanoo Group (YBA Kanoo), one of the largest independent family-owned multinationals in Saudi Arabia and the Middle East, announced the signing of a partnership agreement with Combilift, the largest global manufacturer of multidirectional, sideloading, and articulated forklifts, to provide sustainable forklifting solutions in the region.  The signing ceremony took place at the Irish Embassy in Riyadh and was supported by Enterprise Ireland, the Irish government's enterprise development agency dedicated to nurturing the growth of Irish-owned companies. This partnership between Kanoo Machinery UAE and KSA, a member of YBA Kanoo, and Combilift exemplifies a shared dedication to innovation ......read more

    Dubai Future Foundation Launches New Report on the Future of Food Security and Alternative Protein

    The report is part of DFF’s series of reports and initiatives to enhance the readiness of key sectors for future challenges and opportunities   374 million tons of meat will need to be supplied by 2030 Production of cultured meat is projected to reach 2.1 million metric tons by 2030, with the market value reaching USD 25 billion Market share of plant-based meat sector is expected to have a compound annual growth rate of 20.6% by 2030 Dubai, 28 May 2024: Dubai Future Foundation has released a new report highlighting the importance of enhancing food security for communities by leveraging scientific and research advancements in alternative protein. It navigates the expected changes in Agri-food systems (AFS), which currently provide jobs for approximately 1.23 billion people, supporting 3.83 billion ......read more

    The Rise of Business in the UAE: A Hub of Innovation and Growth

    The United Arab Emirates (UAE) has established itself as a global business hub, attracting investors and entrepreneurs from around the world. The nation's strategic location, progressive government policies, and robust infrastructure have collectively contributed to its burgeoning business landscape. Over the years, the UAE has diversified its economy, reducing its dependency on oil revenues and investing heavily in sectors such as tourism, finance, technology, and real estate. Economic Diversification and Growth One of the key factors behind the UAE's economic success is its strategic vision to diversify away from oil. The government has implemented numerous initiatives to foster growth in other sectors, creating a more resilient and sustainable economy. For instance, the UAE Vision 2021 and the more recent UAE ......read more

    Investing in Timeless Craftsmanship: A Sustainable Choice for the Future

    UAE: 27th May 2024: In today's world, where sustainability has become a pressing concern, investing in furniture that stands the test of time has emerged as a crucial choice. “When you like something, you keep it.” Stacy Stewart, MEA Regional Director at MillerKnoll emphasizes. Long lasting furniture not only adds aesthetic value, but also paves the way for a more environmentally friendly future. This article explores the benefits of choosing timeless craftsmanship in office furniture, highlighting its contribution to sustainability and the long-term wellbeing of the planet. Longevity as a Sustainable Solution: "In the old days, people would invest in quality wood furniture that would last a lifetime," says Stacy. "When they needed a change, they'd reupholster pieces to give them a new ......read more

    Dubai's Three-Day Super Sale Returns This Weekend With Epic Discounts Of Up To 90 Per Cent

    Save big at over 2,000 participating outlets and 500 top brands across the city from 31 May to 2 June 2024 Dubai, United Arab Emirates – 27 May 2024: Dubai's highly anticipated 3 Day Super Sale (3DSS) brings the city’s biggest shopping weekend from 31 May to 2 June 2024. Organised by Dubai Festivals and Retail Establishment (DFRE), the city’s favourite shopping extravaganza offers residents and visitors incredible savings of up to 90 per cent at over 2,000 participating outlets and 500 top brands. Shoppers can find unbeatable deals on everything from fashion and beauty to electronics, homeware, and much more. 3DSS is the perfect time for shopping enthusiasts across the city to refresh summer wardrobes, find the perfect gift for loved ones, or get a head-start on Eid shopping. Exclusive bargains will be on ......read more

    EIF Announces the Fourth Ethraa Career Fair

    Dubai, UAE – 24 April 2024: The Emirates Institute of Finance (EIF), a regional leader in banking and finance training, proudly announces the fourth edition of the Ethraa Career Fair. The event will be held in Dubai and Abu Dhabi from May 27-29, aiming to provide 1,286 job opportunities with salaries ranging between 15,000 to 17,000 dirhams (excluding Nafis support). This initiative continues the success of previous fairs in enriching the UAE’s economy with national talent dedicated to serving their country. The Ethraa Career Fair will see participation from over 100 banking and financial institutions, offering job opportunities across the Emirates in various financial and banking specializations. The fair targets fresh graduates, professionals, high school graduates, diploma holders, and all job seekers. It presents a ......read more

    DIFC Courts signs cooperation agreement with The Law Society Hong Kong

    DIFC Courts and Law Society of Hong Kong sign Memorandum of Understanding (MoU) to enhance cooperation MoU signed in the presence of Mr. Paul Lam SC, Secretary for Justice of the Hong Kong Special Administrative Region Government Alliance builds on existing DIFC Courts memorandum with Hong Kong High Court ​Dubai, United Arab Emirates; 24 May 2024: The Dubai International Financial Centre (DIFC) Courts has further cemented relations with one of Asia's leading financial centres through a cooperation agreement with The Law Society of Hong Kong. The MoU was signed as part of a Hong Kong delegation visit, which also included Mr. Paul Lam SC, Secretary for Justice of the Hong Kong Special Administrative Region Government, and the Hong Kong Trade Development Council (HKTDC). Speaking at the signing, H.E. Justice Omar ......read more

    Alpen Capital Report highlights investment opportunities amid strengthening investment ties between GCC and India

    Dubai - May 23, 2024: The UAE-based investment banking advisory firm, Alpen Capital, announced the publication of its research report titled “GCC-India Corridor – Investment Opportunities”. This report provides an analysis of the investment flows between the GCC and India. It assesses the competitiveness of both regions and identifies key sectors for potential cooperation and investment. Additionally, the report examines the investment drivers and challenges within both regions. Furthermore, it profiles prominent Indian companies which have invested in the GCC and vice versa. The report also includes profiles of the sovereign wealth funds (SWFs) of the GCC. “Indian engagement with the GCC countries is expanding at a rapid pace. The vision of the leadership on both sides, in India as well as in the GCC ......read more

    Hong Kong is a gateway between Middle East and China, says Secretary for Justice

    Dubai - May 23, 2024: Hong Kong (HK) has very often been described as a ‘super connector’ and a ‘super value-adder’ between China and countries outside China, says Mr. Paul Lam Ting-kwok, Secretary for Justice of the Hong Kong Special Administrative Region, highlighting HK’s comprehensive professional legal services and its strengths in the rule of law.  Speaking at a forum titled “Hong Kong - The Common Law Gateway for UAE Businesses to China and Beyond” held in Dubai to promote the Special Administrative Region’s legal and dispute resolution services. Mr. Paul Lam stated that Hong Kong has been assigned to be the international legal and dispute resolution services centre under various important national development plans of China.  The forum organised by the Department of ......read more

    SSUP wins Tim Hortons to be their official Creative Partner across key GCC Markets

    Tim Hortons Middle East, the iconic Canadian coffee chain, continues to embark on an exciting journey of brand revitalization and creative excellence by appointing SSUP (Sunny Side Up) as one of its marketing partners. With a strategic focus on elevating brand visibility and engagement across the region, Tim Hortons Middle East aims with the support of SSUP to redefine its social narrative and strengthen its market presence in the UAE, Qatar and Oman. The company is targeting 500 stores across the Middle East by 2025, building upon its current presence of more than 300 stores across the region. SSUP emerged as the clear choice to lead Tim Hortons' creative and digital endeavors, showcasing their talent and innovative approach. "This significant partnership underscores SSUP’s dedication to contributing to the ......read more

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    du elevates brand strength to historic highs, climbing the ranks as a global top 25 telecom powerhouse

    du climbs to the 3rd strongest brand in the UAE and 7th in the Middle East, with a brand value growth of 13% to $2.47 billion, showcasing its enhanced market position and branding excellence. Dubai, UAE, 22 May 2024 – du, an Emirates Integrated Telecommunications Company (EITC), reached a significant milestone in its brand strength, according to the 2024 Brand Finance rankings. Achieving a brand strength index (BSI) of 82.5 points, the company has not only maintained its AAA- rating but has also risen to become the 3rd strongest brand in the UAE and 7th in the Middle East. This ......read more

    2nd edition of Investopia Europe provides forward-looking outlook on investments for both UAE and European business communities facilitating their expansion & investment in new and

    Investopia Europe offers solutions and strategies to promote the advancement of the global economy while addressing issues of environmental and social sustainability Abu Dhabi, 21 May 2024: The second edition of Investopia Europe, held at Palazzo Mezzanotte in Milan, Italy, provided a forward-looking outlook on investments for both the UAE and European business communities to facilitate expansion and investment in new and sustainable economic sectors. Additionally, the event shed light on the importance of policies and legislation that support the sustainable economic progress of ......read more

    Largest ever edition of the International Exhibition for National Security & Resilience gets underway at ADNEC Centre Abu Dhabi

    210 exhibitors set to showcase innovative new tech and products 35 participating countries represented 6 innovative new features included for the first time at ISNR Abu Dhabi, 21 May 2024: Under the patronage of Lt. General His Highness Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, the largest ever edition of the International Exhibition for National Security & Resilience (ISNR) 2024 kicked off today at the ADNEC Centre Abu Dhabi. Held under the theme of “Accelerating Transformation in National Security Ecosystem”, ISNR now has ......read more

    EDGE Group and Fincantieri Formalise Shipbuilding Joint Venture, MAESTRAL, and Announce 400 Million Euro Order for 10 Naval Vessels

    Official signing ceremony formalising the launch of the Joint Venture between both companies in the presence of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi Ceremony followed by order announcement by the UAE Coast Guard Forces for 10 high-performance 51m Offshore Patrol Vessels (OPVs) Abu Dhabi, UAE: 20 May, 2024 – EDGE, one of the world’s leading advanced technology and defence groups, and Fincantieri, one of the largest shipbuilding companies in the world, have signed an agreement today formalising the launch of ......read more

    Emirates Glass Reforms Digital Printed Glass Production with Tecglass's Vitro-Jet FS Jumbo Line

    Acquisition of Vitro-Jet FS Jumbo digital printing production line from Tecglass marks a transformative leap in production efficiency and design flexibility for Emirates Glass Dubai, UAE, 20th May 2024: Emirates Glass LLC, one of the leading processors of architectural flat glass in the Middle East and a wholly owned subsidiary of Dubai Investments has taken another technological leap with the acquisition of Tecglass's Vitro-Jet FS Jumbo digital printing production line. This strategic investment underscores Emirates Glass's steady commitment to innovation and excellence, ......read more

    DWTC Drives Impact with Economic Output Surging to AED 18.3Bn in 2023, up 40% YoY

    Large-scale events at DWTC generated a total economic output of AED 18.3Bn, with a remarkable 10.5Bn retained as Gross Value Added to Dubai’s GDP;  Every dirham invested at DWTC for events generated 8 times economic output across the wider economy;  International visitors’ participation soared by 53%, driving significant GDP impact for adjacent sectors like travel, accommodation and retail   DWTC events supported over 69,000 jobs, generating AED 3.36Bn in disposable household income for the city  Dubai, United Arab Emirates, 20 May 2024: ......read more

    Mubadala Investment Company Reports 2023 Financial Results

    Company broadens investments in AI, other industries of the future as assets under management grew to over AED 1.1 trillion AED 89 billion deployed in key industries including artificial intelligence, technology, digital infrastructure, life sciences & clean energy, and private credit   Creation of new businesses in the UAE and growth in international investments underpinned Mubadala’s role as a global investor Portfolio achieved a five-year rate of return of 10.3% 17 May 2024, Abu Dhabi - Mubadala Investment Company (“Mubadala”), an Abu ......read more

    Agility Global PLC Reports Q1 2024 Net Profit of $30.5 Million

    Board approves $65 million interim cash dividends.      Q1 2024 (Million USD) Q1 2023 Carved out (Million USD) Variance (%) Revenue 979.4 927.6 5.6% EBITDA 169.5 126.5 34.0% EBIT 95.4 62.2 53.3% Net Profit 30.5 7.2 323.1% EPS ......read more

    100 Years Of Meisterstück

    A new Montblanc eyewear capsule celebrates the 100th Anniversary of the Maison's most iconic writing instrument Montblanc celebrates 100 years of Meisterstück with the launch of a limited-edition eyewear capsule inspired by the timeless style of the iconic writinginstrument released in 1924. Part of the celebratory project honoring the Meisterstück, as interpreted by the evocative brand campaign directed and written by Wes Anderson, the Meisterstück Centenary Eyewear Limited Edition features a rectangular design crafted with refined details and embellishments reminiscent of the ......read more

    Deyaar posts AED 77.5 million Net Profit Before Tax, up 38% YOY in Q1 2024

    Net profit before tax for Q1 2024 amounted to AED 77. 5 million, a significant growth from AED 56.4 million in Q1 2023. Total Assets increased by 7% from AED 6,240 million as of 31 March 2023 million to reach AED 6,704 million as of 31 March 2024. Revenue for the three-month period ending March 2024 reached AED 327.8 million compared to AED 312.5 million in March 2023, reflecting a YOY increase. Liquidity increased by AED 454 million due to robust receivables and increased advances from customers, indicating a positive trend in the current market.   Earnings per share ......read more

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