• About Us
  • Articles
  • Success Stories
  • Subscribe Now
    • Print
    • Digital
  • All Categories
  • News
  • Viewpoint
    • CXO Insight
    • CIO Insight
    • Editor’s Story
    • In My Opinion
    • Last Word
    • Public Opinion
  • Insights
    • AI
    • AR/VR
    • Automation
    • Big Data
    • Cloud Computing
    • COVID 19
    • Cyber Security
    • Digital Transformation
    • Drone
    • Investment & Funding
    • IOT
    • Robotics
  • Magazine
  • Industry
    • Advertising
    • Automotive
    • BFSI
    • Consultant
    • Education
    • Enterprise Service
    • Entertainment
    • Finance
    • Healthcare
    • HR
    • Manufacturing
    • Marketing
    • Real Estate
    • Retail
    • Startup
    • Technology
    • Magazine Article
    • New Launch
  • Media KIT
    • Media KIT – India
    • Media KIT – Asia
  • Publish
    • Submit an Interview
    • Submit News
    • Nominate Your Company
    • Advertise With Us
  • Web Stories
  • Connect+
    • Jobs
    • Write For Us
    • Contact Us
✖
Search Results for author "Anusrita Ghosh"
UAE Markets Feel the Impact of Trump Tariffs; Volatility Set to Continue-thumnail

UAE Markets Feel the Impact of Trump Tariffs; Volatility Set to Continue

By Anusrita Ghosh

PC: Arabian Business  Stock exchange activity in UAE generated sharp downturns on the Dubai Financial Market (DFM) and the Abu Dhabi Securities Exchange (ADX) after U.S. President Donald Trump established

News

April 7, 2025

Nakheel Launches Phase 3 of Bay Grove Residences on Dubai Islands-thumnail

Nakheel Launches Phase 3 of Bay Grove Residences on Dubai Islands

By Anusrita Ghosh

PC: Construction Week The third phase of Bay Grove Residences on Dubai Islands, which is a prominent member of Dubai Holding Real Estate, has been officially launched, following the successful

News

April 7, 2025

Dubai Weekly Funding Roundup: Driving Fintech Innovation Across the Region (31st March to 5th April, 2025)-thumnail

Dubai Weekly Funding Roundup: Driving Fintech Innovation Across the Region (31st March to 5th April, 2025)

By Anusrita Ghosh

PC: Arab Business Consultant  This week’s Dubai Weekly Funding Roundup features two emerging fintech startups that are leading financial technology innovation within the area. The business sector in Dubai draws

News

April 5, 2025

Dubai Fintech Firm Fuse Bags $6.6 Million Seed Funding-thumnail

Dubai Fintech Firm Fuse Bags $6.6 Million Seed Funding

By Anusrita Ghosh

PC: Tech in Asia The Dubai-based fintech company Fuse received $6.6 million in seed funding to drive its growth as well as expand their business operations. The financing round received

News

April 4, 2025

Dubai’s Jumeirah Bay Island Plot Sells for $50 Million as Ultra-Luxury Market Soars-thumnail

Dubai’s Jumeirah Bay Island Plot Sells for $50 Million as Ultra-Luxury Market Soars

By Anusrita Ghosh

PC: Arabian Business  A residential land plot located on Jumeirah Bay Island reached a selling price of AED 182 million which converts to approximately $50 million. The residential land plot

News

April 3, 2025

Serenity and MTA Real Estate Partner Amid Dubai’s Tokenization Push-thumnail

Serenity and MTA Real Estate Partner Amid Dubai’s Tokenization Push

By Anusrita Ghosh

PC: Arabian Business  A major development in the state of real estate in Dubai and in the blockchain technology industry, Serenity, a leading blockchain technology firm, has just announced a

News

April 2, 2025

Damac’s EDGNEX Acquires Finnish Data Centre Company-thumnail

Damac’s EDGNEX Acquires Finnish Data Centre Company

By Anusrita Ghosh

PC: PR Newswire  The subsidiary of Damac Properties, EDGNEX Data Centers, has acquired Finnish data centre company Hyperco. The move aims at creating a strategic presence of EDGNEX in Europe,

News

April 2, 2025

Lehlah Secures INR 12.5 Cr Funding Led by Gruhas to Expand Content-Commerce Platform-thumnail

Lehlah Secures INR 12.5 Cr Funding Led by Gruhas to Expand Content-Commerce Platform

By Anusrita Ghosh

The content-commerce platform Lehlah obtained INR 12.5 crore seed funding from Gruhas for its operations to enable creators to earn revenue through affiliate product recommendations. The investment firm Gruhas operates

News

April 1, 2025

Quantum Biopharma Completes $5 Million Funding Round-thumnail

Quantum Biopharma Completes $5 Million Funding Round

By Anusrita Ghosh

PC: Investor Brand Network  The biotechnology company Quantum Biopharma finished an initiative to raise $5 million in new funds. The obtained funding will establish a major boost to propel the

News

March 31, 2025

Goat Robotics Secures ₹2.66 Crore in Latest Funding Round-thumnail

Goat Robotics Secures ₹2.66 Crore in Latest Funding Round

By Anusrita Ghosh

PC: Devdiscourse The startup Goat Robotics based in Coimbatore secured ₹2.66 crore through its current funding round. The funds intend to build more market presence and speed up expansion activities

News

March 31, 2025

Dubai Real Estate Mortgage Transactions Rise 4.76% as Fed Holds Rates Steady-thumnail

Dubai Real Estate Mortgage Transactions Rise 4.76% as Fed Holds Rates Steady

By Anusrita Ghosh

PC: Arabian Business  The mortgage transactions have gone up by 4.76% in February 2025 compared to January this year. This increased volume comes after the U.S. Federal Reserve decided to

News

March 29, 2025

Dubai Weekly Funding Roundup Report: (24th March to 29th March 2025)-thumnail

Dubai Weekly Funding Roundup Report: (24th March to 29th March 2025)

By Anusrita Ghosh

PC: GuildHE Dubai’s startup ecosystem keeps growing, and a new set of challenges emerges with growing success. Recent funding activities vividly show that investors are looking at the technology, healthcare,

News

March 29, 2025

Dubai Chambers Discusses Strengthening Trade and Investment Relations with Indian Ambassador to the UAE-thumnail

Dubai Chambers Discusses Strengthening Trade and Investment Relations with Indian Ambassador to the UAE

By Anusrita Ghosh

PC: Zawya In Dubai Chambers headquarters, it met with discussions to improve relations between Dubai and India in terms of trade and investment. His Excellency, Eng. Sultan bin Saeed Al

News

March 27, 2025

Drake & Scull Narrows Losses to $566 Million-thumnail

Drake & Scull Narrows Losses to $566 Million

By Anusrita Ghosh

PC: Gulf News For the year 2024, the accumulated losses for a prominent construction firm based in UAE, Drake & Scull International, is lowered to 2.08 billion dirhams (approximately $566

News

March 27, 2025

Dubai’s Tabreed to Issue Up to $2 Billion Non-Convertible Debt-thumnail

Dubai’s Tabreed to Issue Up to $2 Billion Non-Convertible Debt

By Anusrita Ghosh

PC: Gulf News Dubai listed utility giant Tabreed has made a major announcement about its financial strategy, announcing that it will issue up to $ 2 billion in further non

News

March 26, 2025

ICM.com Secures Prestigious SCA License, Expanding in Dubai, UAE-thumnail

ICM.com Secures Prestigious SCA License, Expanding in Dubai, UAE

By Anusrita Ghosh

PC: Zawya ICM.com, leading global multi-asset brokerage firm, has just been awarded Securities and Commodities Authority (SCA) license, which is a huge celebration, to boost its growth strategy inside the

News

March 25, 2025

Dubai Chamber of Commerce Announces the Issuance and Processing of 5,357 ATA Carnets-thumnail

Dubai Chamber of Commerce Announces the Issuance and Processing of 5,357 ATA Carnets

By Anusrita Ghosh

PC: Gulf Business  The Dubai Chamber of Commerce issued 5,357 ATA Carnets that facilitated a worth of AED 4.3 billion in goods and commodities. The significant number showcases Dubai’s exhibitions,

News

March 25, 2025

HDI Global Full-Year Results Hit Milestone, Dubai Business Outperforming the Market-thumnail

HDI Global Full-Year Results Hit Milestone, Dubai Business Outperforming the Market

By Anusrita Ghosh

PC: Life Insurance International  For the year 2024, HDI Global SE has reported very good financials. A combination of new business growth and inflation-related price increases helped the company for

News

March 25, 2025

Gateway Canada Expands to Dubai, Marking a New Era of Global Growth-thumnail

Gateway Canada Expands to Dubai, Marking a New Era of Global Growth

By Anusrita Ghosh

PC: Zawya Gateway Canada established a new office in Dubai which launched its business operations as part of its global strategic growth plan. The new office brings expanded opportunities for

News

March 24, 2025

DWF Labs Launches $250M Fund for Mainstream Crypto Adoption-thumnail

DWF Labs Launches $250M Fund for Mainstream Crypto Adoption

By Anusrita Ghosh

PC: TradingView The crypto market maker and investor DWF Labs from Dubai declared a new $250 million Liquid Fund to boost the development of mid to large-cap blockchain initiatives. This

News

March 24, 2025

Adani Enterprises Arm Incorporates a Wholly Owned Subsidiary in Dubai-thumnail

Adani Enterprises Arm Incorporates a Wholly Owned Subsidiary in Dubai

By Anusrita Ghosh

PC: Mint Adani Enterprises announced the launch of its wholly owned subsidiary in Dubai at a time when its step-down subsidiary, Cococart Ventures (CVPL), accomplished the official incorporation. A registration

News

March 22, 2025

Dubai Weekly Funding Roundup: 17th March to 22nd March-thumnail

Dubai Weekly Funding Roundup: 17th March to 22nd March

By Anusrita Ghosh

PC: Barcelo The startup ecosystem in Dubai experienced substantial funding events throughout the previous week which demonstrates the regional advancement in both global finance and tech sectors. ClearGrid Emerges with

News

March 22, 2025

Unlocking Success: Top Business Opportunities in Dubai for Entrepreneurs-thumnail

Unlocking Success: Top Business Opportunities in Dubai for Entrepreneurs

By Anusrita Ghosh

PC: Mansion Global  Strict business-oriented administration in Dubai has created a worldwide industrial and innovative core that attracts business founders across the globe. Dubai stands as a magnet for business

News

March 21, 2025

Mideast Stocks: Major Gulf Markets Mixed on Geopolitics, Fed Outlook-thumnail

Mideast Stocks: Major Gulf Markets Mixed on Geopolitics, Fed Outlook

By Anusrita Ghosh 

PC: Sahmik Early trading on Gulf stock markets showed divergent results because geopolitical turmoil and Federal Reserve interest rate projections interacted with each other. The expansion of interest rates by

News

March 20, 2025

ClearGrid Emerges from Stealth After Closing $10 Million Dual Round-thumnail

ClearGrid Emerges from Stealth After Closing $10 Million Dual Round

By Anusrita Ghosh

PC: Wamda Following a $10 million dual funding round pertaining to pre-seed and seed investments ClearGrid made its public appearance from a stealth stance to start its operations in the

Investment & Funding

March 20, 2025

Dubai Land Department Launches Pilot Phase of Real Estate Tokenisation Project-thumnail

Dubai Land Department Launches Pilot Phase of Real Estate Tokenisation Project

By Anusrita Ghosh

PC: Zawya The Dubai Land Department (DLD) has began its ‘Real Estate Tokenisation Project’ pilot phase by official launch. DLD leads the Middle East as the first real estate registration

News

March 19, 2025

Digital Dubai Launches AI Skills Program to Empower Dubai Government Workforce-thumnail

Digital Dubai Launches AI Skills Program to Empower Dubai Government Workforce

By Anusrita Ghosh

PC: Zawya Digital Dubai signed a strategic deal with Microsoft to create the AI Skills Program which offers training for enhancing government workforce AI expertise. Fitting the Dubai artificial intelligence

AI

March 19, 2025

Fabtech and France’s Groupe M Sign Agreement to Develop Equipment and Services for UAE’s Nuclear Energy Sector-thumnail

Fabtech and France’s Groupe M Sign Agreement to Develop Equipment and Services for UAE’s Nuclear Energy Sector

By Anusrita Ghosh

PC: Zawya  Fabtech Engineering, a well known steel fabrication specialist, based in Dubai Industrial City (DIC), has reached a strategic agreement with Groupe M, a major player in France’s industrial

Energy

March 18, 2025

Dubai Property Market Sees New Micro Dynamics Come Into Play-thumnail

Dubai Property Market Sees New Micro Dynamics Come Into Play

By Anusrita Ghosh

PC: Arabian Business  At present, a shift in dynamics is taking place in Dubai’s property market, as buyers begin to have more leverage when procuring within it than sellers for

News

March 18, 2025

Sol Properties launches $272m project with 612 homes in Jumeirah Village Triangle-thumnail

Sol Properties launches $272m project with 612 homes in Jumeirah Village Triangle

By Anusrita Ghosh

PC: Arabian Business  SOL Properties is jumping into the Dubai real estate scene with a huge AED 1 billion (about $272 million) mixed-use project called SOL Levante in Jumeirah Village

News

March 17, 2025

Dubai Chambers to Host Dubai Business Forum – Germany to Boost Investment-thumnail

Dubai Chambers to Host Dubai Business Forum – Germany to Boost Investment

By Anusrita Ghosh

PC: Biz Today Dubai Chambers has scheduled the Dubai Business Forum – Germany at Hamburg on May 20 for boosting investment possibilities and economic alliance development between Dubai and Germany.

Investment & Funding

March 17, 2025

Hamdan’s Mosque Initiative Draws Dhs560M from Dubai Property Majors -thumnail

Hamdan’s Mosque Initiative Draws Dhs560M from Dubai Property Majors 

By Anusrita Ghosh 

PC: Gulf Today  Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, the Crown Prince of Dubai, pledged to uphold Dubai’s cultural traditions by announcing an extensive effort which advances mosque

Insights

March 15, 2025

Dubai Weekly Funding Roundup: Robotics, Wellness, and Innovation Drive Growth (March 10th to March 15th, 2025)-thumnail

Dubai Weekly Funding Roundup: Robotics, Wellness, and Innovation Drive Growth (March 10th to March 15th, 2025)

By Anusrita Ghosh

PC: Business Standard  Multiple firms based in Dubai maintain a prosperous business environment by securing generous funding amounts that drive their expansion through innovation. The recent funding rounds show how

Insights

March 15, 2025

Dubai Real Estate Market Surges to AED 41 Billion in February Sales-thumnail

Dubai Real Estate Market Surges to AED 41 Billion in February Sales

By Anusrita Ghosh 

PC: Arabian Business  The real estate market of Dubai maintains robust performance and stability as statistics from February 2025 reveal AED 41 billion in total sales transactions. The total transactions

Insights

March 15, 2025

Dubai’s DET and Premier Inn Sign MoU to Boost Tourism and Hospitality-thumnail

Dubai’s DET and Premier Inn Sign MoU to Boost Tourism and Hospitality

By Anusrita Ghosh

PC: Dubai Media Office  To strengthen Dubai’s tourism landscape and raise the bar of experience for visitors, Dubai Department of Economy and Tourism (DET) has signed a strategic Memorandum of

Brands

March 13, 2025

Micropolis Holding Raises $15.5 Million in NYSE American IPO -thumnail

Micropolis Holding Raises $15.5 Million in NYSE American IPO 

By Anusrita Ghosh 

PC: Arageek The Dubai robotics manufacturer Micropolis Holding successfully collected $15.5 million through its initial public offering (IPO) on the New York Stock Exchange American. The company went through its

Industry

March 12, 2025

Dubai Real Estate Developer Launches $100m Bellagio Community in Jebel Ali-thumnail

Dubai Real Estate Developer Launches $100m Bellagio Community in Jebel Ali

By Anusrita Ghosh 

PC: Arabian Business  Dubai-based real estate developer Sunrise Capital has presented Bellagio, a new luxury residential project that will rise in the Wasl Gate community within Jebel Ali. The freehold

News

March 11, 2025

Dubai Chambers Board Explores Strategic Initiatives for Economic Growth-thumnail

Dubai Chambers Board Explores Strategic Initiatives for Economic Growth

By Anusrita Ghosh

  PC: HiDubai Focus The meeting brought together Board Members from three chambers—I.e. Dubai Chambers, Dubai Chamber of Commerce, Dubai Chamber of Digital Economy, and Dubai International Chamber—under Dubai Chambers.

Economy

March 11, 2025

Mideast Stocks: Major Gulf Markets Ease on Global Trade War Concerns-thumnail

Mideast Stocks: Major Gulf Markets Ease on Global Trade War Concerns

By Anusrita Ghosh

PC: Business Recorder  Major stock exchanges in the Gulf decreased in early activity this past Monday as investors responded to concern over worldwide economic growth stemming from U.S. tariffs on

News

March 10, 2025

Shuaa Capital Moves Forward with Convertible Bond Issuance as Part of Capital Optimisation  -thumnail

Shuaa Capital Moves Forward with Convertible Bond Issuance as Part of Capital Optimisation  

By Anusrita Ghosh 

PC:  Shuaa Capital will conduct the issuance in two distinct tranches: the first tranche, which is open to new investors, is priced between AED 85 million and AED 150 million,

Brands

March 10, 2025

Dubai Weekly Funding Roundup: (3rd March to 8th March, 2025)-thumnail

Dubai Weekly Funding Roundup: (3rd March to 8th March, 2025)

By Anusrita Ghosh 

PC: IdeaBunny DFF’s Major Investment in AI, Healthcare, and Smart Cities The Dubai Future Foundation, or DFF, has announced the financing of 24 research projects in 13 universities under the

Insights

March 8, 2025

Dubai to Fund 24 Research Projects from 13 Universities -thumnail

Dubai to Fund 24 Research Projects from 13 Universities 

By Anusrita Ghosh

PC: Gulf News Dubai Future Foundation stated its funding of 24 research projects developed by 13 universities in one of the biggest initiatives of its kind in Dubai: the Dubai

Investment & Funding

March 8, 2025

Dubai Launches the Region’s First Drive-Thru Lab-thumnail

Dubai Launches the Region’s First Drive-Thru Lab

By Anusrita Ghosh

Dubai has made its first big move in the healthcare sector as the Middle East unveiled the first-ever drive thru laboratory. This state-of-the-art facility was created to increase convenience and

Healthcare

March 7, 2025

Renewable Generation in Middle East Forecast to Grow by Approximately 14% Per Year During 2025-2027: IEA-thumnail

Renewable Generation in Middle East Forecast to Grow by Approximately 14% Per Year During 2025-2027: IEA

By Anusrita Ghosh

PC: SolarQuarter In its latest report, the International Energy Agency (IEA) has projected major expansion in the renewable energy sector in the UAE and the active Middle East.” renewable energy

Energy

March 6, 2025

ADNOC Makes First Trades During Platts Dubai Oil Pricing Process-thumnail

ADNOC Makes First Trades During Platts Dubai Oil Pricing Process

By Anusrita Ghosh

PC: Reuters  Abu Dhabi National Oil Company, ADNOC, has struck its first trades using S&P Global Platts’ pricing mechanism for the Middle East benchmark Dubai crude oil, making an important

News

March 6, 2025

Dubai Real Estate: Luxury Property Market Sees $212mn in Sales-thumnail

Dubai Real Estate: Luxury Property Market Sees $212mn in Sales

By Anusrita Ghosh

PC: Arabian Business  Whitewill has successfully executed a series of high-value real estate transactions finalized in Dubai, reflecting the continued demand for luxury properties in the emirate. The agency was

News

March 6, 2025

Innovate Living Secures Waterfront Plots on Dubai Islands for $400m Development Plan-thumnail

Innovate Living Secures Waterfront Plots on Dubai Islands for $400m Development Plan

By Anusrita Ghosh

PC: Arabian Business  Far across the five islands that make up Dubai Islands, a 17-square-kilometer project containing well over 20 kilometers of white sandy beaches, parks, and world-class golf courses

Development

March 5, 2025

UAE’s Non-Oil Private Sector Sees Maintains Growth Momentum in February-thumnail

UAE’s Non-Oil Private Sector Sees Maintains Growth Momentum in February

By Anusrita Ghosh

PC: Gulf Business  S&P Global has mentioned that improved business conditions and increasing new orders are supporting the steady growth of the UAE’s non-oil private sector. The report from the

Business

March 5, 2025

Sandbox Dubai Strikes First Global Partnership in MoU with AI Center Hamburg-thumnail

Sandbox Dubai Strikes First Global Partnership in MoU with AI Center Hamburg

By Anusrita Ghosh

PC: Zawya The Dubai Future Foundation (DFF) and the AI Center Hamburg (ARIC) just signed a deal. It’s Sandbox Dubai’s first time teaming up with someone from another country. Basically,

Business

March 4, 2025

Dubai Solar Park’s Sixth Phase Reaches 53% Completion with 600MW Now Operational-thumnail

Dubai Solar Park’s Sixth Phase Reaches 53% Completion with 600MW Now Operational

By Anusrita Ghosh

PC: Zawya According to the latest from the Dubai Electricity and Water Authority (DEWA), Phase VI of the Mohammed bin Rashid Al Maktoum Solar Park-the largest single-site solar park in

Business

March 4, 2025

Al Ghurair Mobility Opens First Authorised SunTek Car Care Centre in Dubai -thumnail

Al Ghurair Mobility Opens First Authorised SunTek Car Care Centre in Dubai 

By Anusrita Ghosh

PC: Zawya Al Ghurair Mobility announces the grand opening of the first authorized SunTek car care centre in Dubai, located in Al Quoz 2. The state-of-the-art facility provides a complete

News

March 3, 2025

Dubai International Chamber Facilitates TouchForce IT Solutions’ Expansion into Nigeriaa-thumnail

Dubai International Chamber Facilitates TouchForce IT Solutions’ Expansion into Nigeriaa

By Anusrita Ghosh

Dubai International Chamber, one of the three chambers under Dubai Chambers, has successfully played an important role in encouraging the growth of TouchForce IT Solutions, a consulting, integration solutions, and

News

March 3, 2025

Dubai South and UPS Sign Agreement for New Logistics Facility-thumnail

Dubai South and UPS Sign Agreement for New Logistics Facility

By Anusrita Ghosh

PC: Gulf Business  Dubai South, the biggest single-urban master plan focusing on aviation, logistics, and real estate, has signed an agreement with UPS, an international leader in logistics, to build

News

March 3, 2025

Dubai Weekly Funding Roundup: Major Investments Fuel AI, Fintech, and SaaS Growth (24th February to 01st March, 2025)-thumnail

Dubai Weekly Funding Roundup: Major Investments Fuel AI, Fintech, and SaaS Growth (24th February to 01st March, 2025)

By Anusrita Ghosh

PC: The GetSet This week, Dubai’s startup scene saw a big boost in funding. There were important investments in software, AI startups, and finance companies. We saw cool new data

Investment & Funding

March 1, 2025

OMODA & JAECOO Appoint Autorun as Exclusive Dealer in Dubai-thumnail

OMODA & JAECOO Appoint Autorun as Exclusive Dealer in Dubai

By Anusrita Ghosh

OMODA & JAECOO, a new car brand focused on the future of travel, has named Autorun as its exclusive dealer in Dubai. This partnership shows their aim to bring high-tech

Automotive

March 1, 2025

UAE-Listed Banks to Sustain Earnings Growth in 2025, Says A&M-thumnail

UAE-Listed Banks to Sustain Earnings Growth in 2025, Says A&M

By Anusrita Ghosh

PC: Economy Middle East  The rate of UAE listed banks’ earnings growth is likely to persist in 2025, underpinned by robust government support and good capital health notwithstanding the probable

Banking

February 28, 2025

BEYOND Developments Launches Sensia, a Landmark Luxury Project in Dubai Maritime City-thumnail

BEYOND Developments Launches Sensia, a Landmark Luxury Project in Dubai Maritime City

By Anusrita Ghosh

PC: Facebook  A privately held, fast-growing company in the sector of luxury real estate in Dubai, BEYOND Developments has unveiled its third signature project-Sensia-as part of an 8-million-sq. ft, master-planned

News

February 27, 2025

Dubai’s Real Estate Market Sees First Price Drop in Two Years-thumnail

Dubai’s Real Estate Market Sees First Price Drop in Two Years

By Anusrita Ghosh

PC: Arabian Business  The Dubai real estate market experienced a 0.57 drop in average property price in January 2025-the first decline since an extended growth period that commenced in mid-2022

News

February 27, 2025

Dubai General Properties Unveils Marriott Residences Sheikh Zayed Road with AED 900 Million GDV-thumnail

Dubai General Properties Unveils Marriott Residences Sheikh Zayed Road with AED 900 Million GDV

By Anusrita Ghosh

PC: PropSearch Dubai General Properties (DGP) announces the launch of Marriott Residences Sheikh Zayed Road, a villa community with a gross development value of AED 900 million. The project, being

News

February 26, 2025

Dubai-Based SaaS Provider Journify Secures $4 Million in Funding -thumnail

Dubai-Based SaaS Provider Journify Secures $4 Million in Funding 

By Anusrita Ghosh

PC: Business Wire Journify has raised $4 million via a funding round led by Silicon Badia, with other investors like RZM also participating. This funding is a huge milestone that

Investment & Funding

February 26, 2025

Elemental Launches New Residential Project in Jumeirah Garden City-thumnail

Elemental Launches New Residential Project in Jumeirah Garden City

By Anusrita Ghosh

PC: Zawya 50Elemental, a newly formed real estate company in the UAE, announces the launching of its first project, Elemental 22, located in Dubai. It is positioned in Jumeirah Garden

News

February 25, 2025

Dubai Partners with Amadeus to Advance Travel Tech Innovation-thumnail

Dubai Partners with Amadeus to Advance Travel Tech Innovation

By Anusrita Ghosh

PC: Dubai Media Office  In line with the vision to build Dubai as a travel innovation hub, the department of economy and tourism of Dubai, together with Amadeus, a proprietary

News

February 25, 2025

Proposed Acquisition of SEEZ by Pinewood.AI to Revolutionize Global Automotive Solutions-thumnail

Proposed Acquisition of SEEZ by Pinewood.AI to Revolutionize Global Automotive Solutions

By Anusrita Ghosh

Tarek Kabrit, CEO and co-founder of Seez. PC: Zawya Seez is a Dubai-based pioneering company in AI-driven automotive solutions which was acquired by Pinewood Technologies Group PLC (Pinewood.AI) for an

Automotive

February 25, 2025

Dubai Islamic Bank Unveils Sustainability-Linked Finance Framework-thumnail

Dubai Islamic Bank Unveils Sustainability-Linked Finance Framework

By Anusrita Ghosh

PC: The National Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has announced the launch of its first-ever Sustainability-Linked Finance Facilities Financing Framework. In support of the

Banking

February 24, 2025

Dubai Gold and Commodities Exchange: Pioneering the Future of Global Trade-thumnail

Dubai Gold and Commodities Exchange: Pioneering the Future of Global Trade

By Anusrita Ghosh

Since its inception in 2005, the Dubai Gold and Commodities Exchange has played an important role in shaping the financial sector in the Middle East. It has placed Dubai at

Business

February 24, 2025

Deyaar Development Launches AYA Beachfront Residences in Umm Al Quwain-thumnail

Deyaar Development Launches AYA Beachfront Residences in Umm Al Quwain

By Anusrita Ghosh

PC: Zawya Emaars newly launched AYA Beachfront Residences represent Deyaar Developments first residential project in the Emirate of Umm Al Quwain. The announcement was made in a statement to Dubai

Brands

February 24, 2025

Dubai Weekly Funding Roundup: 17th February to 22nd February, 2025-thumnail

Dubai Weekly Funding Roundup: 17th February to 22nd February, 2025

By Anusrita Ghosh

PC: IndiaFilings This week saw engaging turmoil in the vibrant start-up sector in Dubai with considerable investments supporting innovation in various types of companies. Notable companies like The Box, Mansa,

Investment & Funding

February 22, 2025

Deloitte Releases Dubai Real Estate Forecast for 2025, Reports 20% Surge in Residential Sales and 19% Rental Growth in 2024-thumnail

Deloitte Releases Dubai Real Estate Forecast for 2025, Reports 20% Surge in Residential Sales and 19% Rental Growth in 2024

By Anusrita Ghosh

PC: Arabian Business  The latest report by Deloitte on Dubai Real Estate Predictions for 2025 presents yet another strong year across all property sectors. The Emirate has retained its position

News

February 21, 2025

Proofpoint and CyberGate Enhance Partnership to Bolster Human-Centric Cybersecurity for UAE Firms-thumnail

Proofpoint and CyberGate Enhance Partnership to Bolster Human-Centric Cybersecurity for UAE Firms

By Anusrita Ghosh

PC: Zawya Proofpoint, Inc., a dominant player among cybersecurity and compliance companies, signed a memorandum of understanding with CyberGate Defense LLC, a prime cybersecurity organization offering end-to-end cybersecurity and digital

Brands

February 21, 2025

UBQT Secures $750,000 in Pre-Seed Funding and Welcomes I.Q. Sayed as Co-Founder-thumnail

UBQT Secures $750,000 in Pre-Seed Funding and Welcomes I.Q. Sayed as Co-Founder

By Anusrita Ghosh

PC: Barchart.com Headquartered in Dubai, UBQT raised a $750,000 pre-seed round to scale up product development and deployment. The investment will help UBQT expand its features and user base so

News

February 21, 2025

Dubai-based DeNet to Drive Global Data Sovereignty-thumnail

Dubai-based DeNet to Drive Global Data Sovereignty

By Anusrita Ghosh

PC: Zawya As the world approaches a future where data will dominate, it’s very important that controlling information becomes an absolute priority. DeNet leads the way in this transformation with

News

February 20, 2025

Mansa Secures $10M Funding to Expand Cross-Border Payment Solutions -thumnail

Mansa Secures $10M Funding to Expand Cross-Border Payment Solutions 

By Anusrita Ghosh

PC: LinkedIn  Mansa, the Dubai-based cross-border payments platform, has raised a total of $10 million to beef up its liquidity solutions and to expand into new markets.  The funding was

Finance

February 20, 2025

The Box Secures $12.5M Financing Deal Led by Shorooq -thumnail

The Box Secures $12.5M Financing Deal Led by Shorooq 

By Anusrita Ghosh

  PC: Morningstar The self-storage titan The Box has successfully raised $12.5 million in a financing arrangement led by Shorooq Partners. The investment is a milestone for The Box in

Finance

February 20, 2025

ADIB Expands Presence in Dubai with New Flagship Branch at The Village Mall-thumnail

ADIB Expands Presence in Dubai with New Flagship Branch at The Village Mall

By Anusrita Ghosh

PC: Financial IT Abu Dhabi Islamic Bank (ADIB), one of the leading Islamic blood banks in the UAE, recently announced the opening of its new flagship branch at The Village

Banking

February 19, 2025

Mideast Stocks: Major Gulf Markets Subdued on Trump’s Tariff Threats-thumnail

Mideast Stocks: Major Gulf Markets Subdued on Trump’s Tariff Threats

By Anusrita Ghosh

PC: Reuters Key stock markets in Gulf region commenced trade very cautiously on Wednesday as investors assessed Trump’s new tariff threats on automobile, semiconductor, and pharmaceutical imports. Concerns surrounding those

Business

February 19, 2025

UAE’s Dubizzle Group Acquires Egypt-Based Hatla2ee -thumnail

UAE’s Dubizzle Group Acquires Egypt-Based Hatla2ee 

By Anusrita Ghosh

PC: Arabian Business  Dubizzle Group, a local UAE company, has bought Egypt’s leading online car marketplace Hatla2ee. The buyout is expected to cement the position of Dubizzle in Egypt and

Brands

February 19, 2025

Hoxton Wealth Enhances Its App with New Features for Better Financial Management -thumnail

Hoxton Wealth Enhances Its App with New Features for Better Financial Management 

By Anusrita Ghosh

PC: Google Play Hoxton Wealth, a Dubai-based global financial firm, has announced several innovations on Hoxton Wealth App, a platform set to simplify wealth management by allowing users to connect

Finance

February 18, 2025

Tokinvest and HKVAX Partner to Transform Global Digital Asset Markets -thumnail

Tokinvest and HKVAX Partner to Transform Global Digital Asset Markets 

By Anusrita Ghosh

PC: Zawya Tokinvest, the leading real-world asset tokenization marketplace, and HKVAX, a virtual asset trading platform, have entered a game-changing deal to transform digital asset markets globally. Aiming to strategically

Brands

February 18, 2025

PNC Investments May Issue New Sukuk Instead of Tapping Existing One-thumnail

PNC Investments May Issue New Sukuk Instead of Tapping Existing One

By Anusrita Ghosh 

PC: PR Newswire PNC Investments, the parent company of Dubai-based luxury real estate developer Sobha Realty, is looking into the possibility of issuing new sukuk, once the current sukuk matures

Brands

February 17, 2025

InCred Group Acquires Dubai-Based Arrow Capital to Expand in the Middle East -thumnail

InCred Group Acquires Dubai-Based Arrow Capital to Expand in the Middle East 

By Anusrita Ghosh

PC: VCCircle The InCred Group, focusing on financial services, has acquired Dubai-based Arrow Capital, a boutique financial services firm, so as to strengthen its presence in the Middle East. Founded

Brands

February 17, 2025

Mashreq and NEO PAY Partner to Launch PoS Lending Solution for SMEs-thumnail

Mashreq and NEO PAY Partner to Launch PoS Lending Solution for SMEs

By Anusrita Ghosh

PC: Channel Post MEA Mashreq Bank, one of the foremost commercial banks in the MENA region, has announced a partnership between its business banking unit and NEO PAY, Undertaking an

Brands

February 17, 2025

Dubai Weekly Funding Roundup: 10th February to 15th February, 2025 -thumnail

Dubai Weekly Funding Roundup: 10th February to 15th February, 2025 

By Anusrita Ghosh 

PC: IdeaBuddy GE Aerospace has announced a $10 million investment to improve its maintenance, repair, and overhaul (MRO) facilities in Dubai, UAE, and Doha, Qatar. These funds will benefit tooling,

Finance

February 15, 2025

Emaar Properties Achieves Record-Breaking Sales Amid UAE Real Estate Surge  -thumnail

Emaar Properties Achieves Record-Breaking Sales Amid UAE Real Estate Surge  

By Anusrita Ghosh

PC: Dubai Chronicle Emaar Properties PJSC announced record-breaking financial results in 2024, with total property sales reaching AED 70 billion, which actually marks a giant milestone in the company’s history.

News

February 15, 2025

Dubai Index Hits Highest Level Since 2014, Led by Industrial and Material Sectors  -thumnail

Dubai Index Hits Highest Level Since 2014, Led by Industrial and Material Sectors  

By Anusrita Ghosh

PC: Reuters  Dubai’s main index shot up to a 0.8% increase on Friday, hitting a high of 5,362 points, the highest since May 2014. The design for this rally was

Industry

February 14, 2025

Dubai South Properties Announces Launch of Beachfront Gates-thumnail

Dubai South Properties Announces Launch of Beachfront Gates

By Anusrita Ghosh

PC: Construction Week Dubai South Properties has announced the opening of Beachfront Gates, a new building of exclusive apartments forming part. The launch is a response to the terrific demand

News

February 14, 2025

UAE Warehouse Rents Expected to Rise by Up to 10% in 2025-thumnail

UAE Warehouse Rents Expected to Rise by Up to 10% in 2025

By Anusrita Ghosh

PC: Arab News According to Kunal Lahori, director of Manrre REIT Logistics Fund, warehouse rents are expected to increase in the UAE by 10 percent during 2025 due to the

Business

February 14, 2025

Dubai Investments’ Subsidiaries Sign Strategic MOUs at Industrial Partnership Meeting -thumnail

Dubai Investments’ Subsidiaries Sign Strategic MOUs at Industrial Partnership Meeting 

By Anusrita Ghosh 

PC: Zawya Dubai Investments, a leading diversified investment company listed on the Dubai Financial Market (DFM), announced that its subsidiaries, GlobalPharma and Emirates Float Glass (EFG), signed important Memorandums of

Business

February 13, 2025

BPMG Dubai and IEREI Sign Landmark MoU to Elevate Real Estate Brokerage and Management Professions -thumnail

BPMG Dubai and IEREI Sign Landmark MoU to Elevate Real Estate Brokerage and Management Professions 

By Anusrita Ghosh

PC: Zawya The Dubai Real Estate Brokerage and Property Management Group and the Innovation Experts Real Estate Institute have signed an MoU that aims to enhance training and networking opportunities

Brands

February 13, 2025

Dubai Launches UN Citiverse Challenge to Drive AI-Powered Virtual Worlds -thumnail

Dubai Launches UN Citiverse Challenge to Drive AI-Powered Virtual Worlds 

By Anusrita Ghosh

PC: Zawya Digital Dubai, together with the International Telecommunication Union (ITU) and the United Nations International Computing Centre (UNICC), has initiated the first-ever UN Citiverse Challenge. This initiative is bent

AI

February 13, 2025

Dubai Future Foundation and IBM Partner to Establish Dubai as Global AI Hub  -thumnail

Dubai Future Foundation and IBM Partner to Establish Dubai as Global AI Hub  

By Anusrita Ghosh

Dubai Future Foundation (DFF) and IBM have signed a Memorandum of Understanding (MoU) to strengthen Dubai’s position as a global hub for artificial intelligence (AI). The agreement, signed at the

News

February 12, 2025

DIFC Introduces New PropTech Solution, Boosting Dubai’s Appeal as a Leading Property Investment Destination-thumnail

DIFC Introduces New PropTech Solution, Boosting Dubai’s Appeal as a Leading Property Investment Destination

By Anusrita Ghosh

Dubai International Financial Centre (DIFC), one of the developing global financial hubs in the Middle East, Africa and South Asia (MEASA), has launched new technology to allow third parties access

Business

February 12, 2025

UAE’s Top Islamic Lender DIB Posts 16% Rise in FY 2024 Net Profit-thumnail

UAE’s Top Islamic Lender DIB Posts 16% Rise in FY 2024 Net Profit

By Anusrita Ghosh 

The UAE’s largest Islamic bank, Dubai Islamic Bank (DIB), achieved a good financial performance for 2024, reflecting the resilience of the bank along with its growth strategy. The bank announced

Business

February 12, 2025

du Announces Record 54 Fils per Share Dividend for 2024-thumnail

du Announces Record 54 Fils per Share Dividend for 2024

By Anusrita Ghosh

UAE telecommunications company du has announced record-breaking financial results for 2024, reflecting significant growth in revenue and profit. The company reported a revenue of AED 14.64 billion, representing a 7.3%

Business

February 11, 2025

Azizi Developments Sells 99% of Azizi Neila  -thumnail

Azizi Developments Sells 99% of Azizi Neila  

By Anusrita Ghosh

Azizi Developments, another one of the esteemed UAE-based private real estate developers, announced the sale of 99% of all the units in its latest residential project, Azizi Neila, located in

Business

February 11, 2025

ICE Dubai 2025: A Global Hub for Agricultural Commodities, Sustainability, and Biofuels  -thumnail

ICE Dubai 2025: A Global Hub for Agricultural Commodities, Sustainability, and Biofuels  

By Anusrita Ghosh 

ICE Dubai 2025 Returns on February 19-20   ICE Dubai 2025 is set to establish Dubai as a key global hub for agricultural commodities, sustainability, and biofuels. The prestigious Intercontinental Commodity

Business

February 10, 2025

World’s Highest Penthouse in Burj Khalifa Listed for $51M  -thumnail

World’s Highest Penthouse in Burj Khalifa Listed for $51M  

By Anusrita Ghosh 

A Record-Breaking Residence in the Sky   Forget Postcode Lottery; this opening gives a single buyer a spin on a moral jackpot. The last penthouse on the highest pole on earth,

Business

February 10, 2025

GE Aerospace Invests $10 Million in Middle East MRO Facilities  -thumnail

GE Aerospace Invests $10 Million in Middle East MRO Facilities  

By Anusrita Ghosh

GE Aerospace has committed $10 million to enhancing its maintenance, repair, and overhaul (MRO) facilities in Dubai, UAE, and Doha, Qatar. This outlay, over a two-year period from 2024 and

Business

February 10, 2025

Dubai Weekly Funding Roundup: AI and Real Estate Dominate Investment Scene  -thumnail

Dubai Weekly Funding Roundup: AI and Real Estate Dominate Investment Scene  

By Anusrita Ghosh 

Dubai Startups and Developers Secure Major Investments   Dubai’s startup and real estate sectors saw lucrative funding this week. Several companies received financing to promote innovation and growth. From AI-enabled e-commerce

Business

February 8, 2025

Arabian Automobiles Launches Urventures to Support Startups in Dubai  -thumnail

Arabian Automobiles Launches Urventures to Support Startups in Dubai  

By Anusrita Ghosh 

Arabian Automobiles Company (AAC), the exclusive Nissan dealer for Dubai, Sharjah, and the Northern Emirates, has introduced Urventures, a mobility solutions platform aimed at supporting startups in the UAE. This

Business

February 7, 2025

Dubai Launches Financial Experts Program to Develop Emirati Leaders  -thumnail

Dubai Launches Financial Experts Program to Develop Emirati Leaders  

By Anusrita Ghosh

Empowering the Next Generation of Financial Leaders   Dubai International Financial Centre (DIFC) has launched the Dubai Financial Experts Programme to develop the next generation of Emirati leaders in financial services.

Business

February 7, 2025

Dubai Chambers Signs MoU with U.S. Chamber of Commerce to Strengthen Trade Ties  -thumnail

Dubai Chambers Signs MoU with U.S. Chamber of Commerce to Strengthen Trade Ties  

By Anusrita Ghosh

Agreement Aims to Boost Bilateral Trade and Economic Cooperation   Dubai Chambers has signed a MoU with the U.S. Chamber of Commerce to enhance trade relations and foster stronger ties between

Business

February 7, 2025

Visarun.ai Secures Funding to Expand AI-Powered Visa Processing in Dubai  -thumnail

Visarun.ai Secures Funding to Expand AI-Powered Visa Processing in Dubai  

By Anusrita Ghosh

Visarun.ai was established in 2024 by Vladimir Indjikian and Alena Iakina, and it is a visa-as-a-service platform that has recently secured funding to improve its platform development, expand its sales

Investment & Funding

February 6, 2025

TECOM Group Reports Record AED2.4 Billion Revenue in 2024  -thumnail

TECOM Group Reports Record AED2.4 Billion Revenue in 2024  

By Anusrita Ghosh

Strong Financial Performance Driven by Dubai’s Economic Growth   TECOM Group PJSC has reported that total revenue for the financial year ending December 31, 2024 (FY 2024) accounted for AED 2.4

Business

February 6, 2025

Mr. Eight Development Launches Villa del DIVOS on Dubai Islands  -thumnail

Mr. Eight Development Launches Villa del DIVOS on Dubai Islands  

By Anusrita Ghosh

Luxury Beachfront Residences Set a New Standard in Dubai   European property developer Mr. Eight Development had launched Villa del DIVOS, a luxury residential project on Dubai Islands, establishing a foothold

Business

February 6, 2025

CBUAE and Economic Security Center of Dubai Sign MoU to Strengthen Cooperation in Combating Financial Crime  -thumnail

CBUAE and Economic Security Center of Dubai Sign MoU to Strengthen Cooperation in Combating Financial Crime  

By Anusrita Ghosh

The CBUAE and the Dubai Economic Security Center have signed an MoU for enhanced cooperation and information sharing in combating financial crime. The partnership aims to create a strong sense

Business

February 5, 2025

Dubai Real Estate Market Surges in January 2025 with AED 44.4 Billion in Sales-thumnail

Dubai Real Estate Market Surges in January 2025 with AED 44.4 Billion in Sales

By Anusrita Ghosh

Dubai’s real estate market sprang into action in January, as sales reached AED 44.4 billion, registering an increase of 24.1% by value when measured against January 2024. A report titled

News

February 5, 2025

Union Properties Secures AED 150 Funding Million for New Dubai Developments  -thumnail

Union Properties Secures AED 150 Funding Million for New Dubai Developments  

By Anusrita Ghosh

Dubai-based developer Union Properties has secured AED 150 million ($40.84 million) in new funding to support the development of upcoming projects within 18 months. The developer made the announcement through

Business

February 5, 2025

AMIS Development Unveils AED 130 Million Woodland Terraces in Meydan  -thumnail

AMIS Development Unveils AED 130 Million Woodland Terraces in Meydan  

By Anusrita Ghosh

AMIS Development has unveiled Woodland Terraces, a luxurious AED 130 million residential project located in the heart of Meydan, Dubai. The project was presented at an exclusive gala event at

News

February 4, 2025

TerraPay Partners with Dubai Duty Free -thumnail

TerraPay Partners with Dubai Duty Free 

By Anusrita Ghosh

In order to further enhance the shopping experience of over 100 million travelers, TerraPay will partner with Dubai Duty Free (DDF), the largest single airport retailer in the world. Digital

News

February 4, 2025

qeen.ai Secures $10M in Seed Funding to Advance AI-Powered E-Commerce Solutions  -thumnail

qeen.ai Secures $10M in Seed Funding to Advance AI-Powered E-Commerce Solutions  

By Anusrita Ghosh 

An agentic AI startup based in Dubai, qeen.ai has declared a $10 million seed funding round, one of the biggest so far in the MENA region. The round was led

Business

February 4, 2025

AHS Properties Leads Dubai’s Luxury Real Estate Market in 2024  -thumnail

AHS Properties Leads Dubai’s Luxury Real Estate Market in 2024  

By Anusrita Ghosh

The Property Monitor reports that AHS Properties has become one of the key players in Dubai’s luxury real estate market, leading the sales of luxury properties priced between $5 and

Business

February 3, 2025

Myne Raises $2M in Pre-Seed Funding-thumnail

Myne Raises $2M in Pre-Seed Funding

By Anusrita Ghosh

Myne, an innovative wealth and asset tracking platform, has successfully raised $2 million in its pre-seed funding round. The round was led by Scene Holding, with support from Raz Holdings

Business

February 3, 2025

Refine Development Management Unveils $12 Billion Expansion Plan in Dubai  -thumnail

Refine Development Management Unveils $12 Billion Expansion Plan in Dubai  

By Anusrita Ghosh

Bold Growth Strategy and Landmark Projects in 2025   Refine Development Management has officially opened 2025 with its ambitious expansion plan having a worth of $12 billion worth under development. Integrated

Business

February 3, 2025

Union Budget 2025-26: Focus on Education Sector  -thumnail

Union Budget 2025-26: Focus on Education Sector  

By Anusrita Ghosh

PC: Indiaspend Education Sector Gets ₹1.28 Lakh Crore Boost, Up 6.65% from Last Year   Nirmala Sitharaman highlighted India’s exemplary growth in her Union Budget 2025 discourse and the path it

Education

February 1, 2025

Union Budget 2025-26: Focus on Agriculture and Allied Sectors -thumnail

Union Budget 2025-26: Focus on Agriculture and Allied Sectors 

By Anusrita Ghosh

PC: Progressive Automations PM Dhan-Dhaanya Krishi Yojana to Cover 100 Low-Productivity Districts   The Finance Minister, Nirmala Sitharaman, while presenting the Union Budget for the eighth successive time, reiterated that agriculture

News

February 1, 2025

Union Budget 2025-26: Key Changes in Income Tax Regime and Capital Gains Tax-thumnail

Union Budget 2025-26: Key Changes in Income Tax Regime and Capital Gains Tax

By Anusrita Ghosh

PC: The Financial Express  Major Relief for Middle-Class Taxpayers   Union Finance Minister Nirmala Sitharaman and her Union Budget 2025-26 have announced a complete overhaul of the income tax structure under

News

February 1, 2025

UAE-India Business Council and Maharashtra Forge Strategic Partnership to Boost Trade  -thumnail

UAE-India Business Council and Maharashtra Forge Strategic Partnership to Boost Trade  

By Anusrita Ghosh

MoU Signed to Enhance Investment and Economic Ties   The UAE-India Business Council-UAE Chapter (UIBC-UC) and the Maharashtra Industrial Development Corporation (MIDC) have announced a strategic partnership to improve bilateral trade

News

January 31, 2025

Mashreq Delivers $2.45 Billion Net Profit After Tax in 2024-thumnail

Mashreq Delivers $2.45 Billion Net Profit After Tax in 2024

By Anusrita Ghosh

Mashreq Bank delivered a strong financial performance in 2024, with a profit of `AED 9 billion, an increase of 4% on last year after taxes of AED 869 million. The

Business

January 31, 2025

Dubai Financial Market Posts 24% Jump in Net Profit-thumnail

Dubai Financial Market Posts 24% Jump in Net Profit

By Anusrita Ghosh

Surging Profits and Revenue Growth   Dubai Financial Market (DFM) reported a growth of 24% in pre-tax net profit during the fiscal year ending December 31, 2024, to AED 409.3 million,

News

January 31, 2025

Dubai Real Estate Market Thrives Amid Supply Constraints and Rising Demand  -thumnail

Dubai Real Estate Market Thrives Amid Supply Constraints and Rising Demand  

By Anusrita Ghosh

ValuStrat Q4 Report Hints at Arriving Behavioural Perspective towards Consolations   That home sector should perform reasonably well in 2024, as outlined in the 4th quarter review report by ValuStrat-an internationally

Business

January 30, 2025

Nasdaq Dubai Welcomes MENA’s First Corporate Blue Bond Listing by DP World  -thumnail

Nasdaq Dubai Welcomes MENA’s First Corporate Blue Bond Listing by DP World  

By Anusrita Ghosh 

Landmark USD 100 Million Issuance Supports Sustainable Marine and Water Projects   Nasdaq Dubai welcomed the first corporate Blue Bond listing in the MENA region, a USD 100 million issuance by

Business

January 30, 2025

Publsh Joins PRCA Mena to Strengthen Dubai’s PR and Communications Industry  -thumnail

Publsh Joins PRCA Mena to Strengthen Dubai’s PR and Communications Industry  

By Anusrita Ghosh

Leading Experiential Agency Becomes the Latest Member of PRCA Mena   Dubai’s public relations and communications sector thrives, with Publsh becoming the latest member of PRCA Mena, the regional group of

Business

January 30, 2025

DAMAC Properties Launches Riverside Views, First Development of 2025  -thumnail

DAMAC Properties Launches Riverside Views, First Development of 2025  

By Anusrita Ghosh

A New Chapter in Luxury Living at DAMAC Riverside   An announcement was made from the leading private property developer of Dubai, DAMAC Properties, that Riverside Views will be their first

Business

January 29, 2025

Emirates NBD Reports Flat Q4 Profit as Growth Investments Weigh on Earnings  -thumnail

Emirates NBD Reports Flat Q4 Profit as Growth Investments Weigh on Earnings  

By Anusrita Ghosh

Dubai’s Largest Bank Slightly Misses Estimates, Shares Experience Steep Drop   Emirates NBD, Dubai’s largest bank by assets, announced a flat net profit for the fourth quarter of 2024, missing the

Business

January 29, 2025

Dubai Holding Entertainment and Trip.com Group Announce Strategic Partnership -thumnail

Dubai Holding Entertainment and Trip.com Group Announce Strategic Partnership 

By Anusrita Ghosh 

Expanding Dubai’s Entertainment Reach to the Chinese Market   Dubai Holding Entertainment (DHE) is one regional strategic and diversified entertainment company to enter into a partnership with Trip.com Group, one of

Business

January 29, 2025

Silkhaus Secures Seven-Figure Growth Round to Expand Operations in KSA-thumnail

Silkhaus Secures Seven-Figure Growth Round to Expand Operations in KSA

By Anusrita Ghosh

Based in Dubai, the short-term rental proptech startup Silkhaus has raised a massive growth round to expand its footprint into Saudi Arabia while solidifying its standing across the rental market

Business

January 28, 2025

Dubai Islamic Bank Launches “Dream Bigger” Campaign with AED 3 Million in Rewards  -thumnail

Dubai Islamic Bank Launches “Dream Bigger” Campaign with AED 3 Million in Rewards  

By Anusrita Ghosh 

The UAE largest Islamic bank, Dubai Islamic Bank (DIB) has launched a new initiative that is called, “Dream Bigger,” which rewards customers for improving their savings and doing transactions in

Business

January 28, 2025

Gulf Stock Markets Rise, Dubai Bucks Regional Trend  -thumnail

Gulf Stock Markets Rise, Dubai Bucks Regional Trend  

By Anusrita Ghosh 

The Gulf stock markets opened largely on the upside along with most indices gaining in key sectors. However, Dubai’s major share index was the exception since it recorded losses and

Business

January 28, 2025

Good Energy Accepts £99.4 Million Takeover from UAE-Linked Esyasoft  -thumnail

Good Energy Accepts £99.4 Million Takeover from UAE-Linked Esyasoft  

By Anusrita Ghosh

PC: MoneyController Good Energy, which is based in Chippenham, became today the subject of a £99.4m bid by Esyasoft, based in Dubai. It has connections to the royal family of

News

January 27, 2025

Meraas Awards AED 1 Billion Contract to China State Construction for Bluewaters Bay Development  -thumnail

Meraas Awards AED 1 Billion Contract to China State Construction for Bluewaters Bay Development  

By Anusrita Ghosh

PC: Construction Week Meraas, a holding company for real estate from Dubai, has awarded a contract worth over AED 1 billion ($272.2 million) to China Construction Engineering Corporation (Middle East)

Investment & Funding

January 27, 2025

Blue Ocean Global Leads UAE’s Consumers Shift Towards Dh125 Billion E-commerce Market-thumnail

Blue Ocean Global Leads UAE’s Consumers Shift Towards Dh125 Billion E-commerce Market

By Anusrita Ghosh

Shahzad Ahmed, Chairman of Blue Ocean Global Group.  PC: Zawya Market Growth and Trends   The e-commerce market in the UAE should continue to thrive, growing at an expected revenue compound

Marketing

January 27, 2025

Sustainable Luxury: La Mer Island Villa Sets New Benchmark in Dubai  -thumnail

Sustainable Luxury: La Mer Island Villa Sets New Benchmark in Dubai  

By Anusrita Ghosh

A completed residential project on La Mer Island conveys a renewed notion of sustainable luxury in the Dubai real estate arena. The 15,000-square-foot villa has stood out for having its

Business

January 25, 2025

Weekly Dubai Funding Roundup: Leading Investments (20th January to 25th January, 2025)-thumnail

Weekly Dubai Funding Roundup: Leading Investments (20th January to 25th January, 2025)

By Anusrita Ghosh

Dubai’s tech ecosystem keeps thriving along with its innovative startups as they receive significant investments to actualize their ambitious growth plans. This week saw funding secured by two groundbreaking companies

Business

January 25, 2025

Omniyat Properties Leads Dubai’s Ultra-Luxury Real Estate Market with Record Sales-thumnail

Omniyat Properties Leads Dubai’s Ultra-Luxury Real Estate Market with Record Sales

By Anusrita Ghosh 

Omniyat Properties has firmly established itself in Dubai as the preeminent player in ultra-luxury real estate. The developer has announced sales up to Dh2.18 billion on the world-famous Palm Jumeirah,

Business

January 25, 2025

Aditum Global Access Surpasses $200 Million in Assets Under Management  -thumnail

Aditum Global Access Surpasses $200 Million in Assets Under Management  

By Anusrita Ghosh 

A Significant Milestone Highlights Aditum’s Growth and Commitment to Innovation in Asset Management. Aditum Investment Management is a privately held asset manager with headquarters located within the Dubai International Financial

Business

January 23, 2025

Pluto Secures $4.1 Million Pre-Series A Funding to Expand AI-Driven Expense Management  -thumnail

Pluto Secures $4.1 Million Pre-Series A Funding to Expand AI-Driven Expense Management  

By Anusrita Ghosh

The pre-Series-A funding of $4.1 million successfully completed the biggest corporate card and expense management platform known as Pluto in the UAE. The announcement comes as co-founder Mohammed Ridwan has

Business

January 23, 2025

ECI and Reem Finance Partner to Boost UAE Businesses via Xport Xponential Program  -thumnail

ECI and Reem Finance Partner to Boost UAE Businesses via Xport Xponential Program  

By Anusrita Ghosh

Collaboration to Enhance Financial Solutions for International Trade and Growth. Etihad Credit Insurance (ECI), the UAE federal export credit agency, has announced the inclusion of Reem Finance from the UAE’s

Business

January 23, 2025

Dubai International Chamber Explores Growth Opportunities for Local Firms in Africa and Southeast Asia-thumnail

Dubai International Chamber Explores Growth Opportunities for Local Firms in Africa and Southeast Asia

By Anusrita Ghosh

Dubai International Chamber, a part of Dubai Chambers, successfully launched the first session of ‘In Focus’ in 2025. The event was aimed at helping companies based in Dubai to explore

News

January 22, 2025

Dubai’s New Freehold Move ‘Will Draw More Investors’  -thumnail

Dubai’s New Freehold Move ‘Will Draw More Investors’  

By Anusrita Ghosh 

Dubai has announced a landmark decision to allow owners of properties along Sheikh Zayed Road and in the Al Jaddaf area to switch their ownership to freehold. The dizzying decision

Business

January 22, 2025

Singapore’s Ascentium Acquires Dubai-Based Virtuzone -thumnail

Singapore’s Ascentium Acquires Dubai-Based Virtuzone 

By Anusrita Ghosh

Ascentium, a global business services platform based in Singapore, has acquired Dubai-based Virtuzone, a leader in company formation solutions as well as corporate services and tax consultancy. The acquisition also

Business

January 22, 2025

Acube Developments Launches Vega Residential Project in Dubai Sports City  -thumnail

Acube Developments Launches Vega Residential Project in Dubai Sports City  

By Anusrita Ghosh 

Acube Developments announced launching Vega, a new residential project at Dubai Sports City.   Vega is planned to be an impressive 23-story residential tower, with construction having commenced in the final

Business

January 21, 2025

Housez.ae Partners with Innovation Experts Real Estate Institute to Transform UAE’s Real Estate Market  -thumnail

Housez.ae Partners with Innovation Experts Real Estate Institute to Transform UAE’s Real Estate Market  

By Anusrita Ghosh

A Strategic Collaboration for Innovation and Excellence The property platform of choice in the UAE, housez.ae, has just made an official announcement that it will now partner with Innovation Experts

Business

January 21, 2025

Dubai Awards AED1.5 Billion Contract for Al Fay Street Development Project  -thumnail

Dubai Awards AED1.5 Billion Contract for Al Fay Street Development Project  

By Anusrita Ghosh

RTA’S AED1.5 Billion Goal Al Fay Street Development Project has been awarded. This infrastructure is intended to widen and upgrade one of the main arteries of the city, symbolizing Dubai’s

Business

January 20, 2025

Dubai Islamic Bank Increases Stake in Turkey’s T.O.M. Group to 25%  -thumnail

Dubai Islamic Bank Increases Stake in Turkey’s T.O.M. Group to 25%  

By Anusrita Ghosh

Dubai Islamic Bank (DIB), which holds the position of being the largest Shariah-compliant bank in terms of assets, increased its stake in Turkey’s T.O.M. Group of Companies from 20% to

Business

January 20, 2025

Dubai Funding Weekly Roundup: Major Investment Surge (13th January to 18th January, 2025) -thumnail

Dubai Funding Weekly Roundup: Major Investment Surge (13th January to 18th January, 2025) 

By Anusrita Ghosh

This week saw big moves in the global tech investment space through some groundbreaking funding announcements. This should further underscore the rising influence of Dubai as a financial hub. From

Business

January 18, 2025

Urban Properties Development Unveils AED 300 Million Urban Life Residences in Business Bay  -thumnail

Urban Properties Development Unveils AED 300 Million Urban Life Residences in Business Bay  

By Anusrita Ghosh

Urban Properties Development (UPD) announces the launch of Urban Life Residences, a freehold project situated in the heart of Business Bay, Dubai, valued at AED 300 million. The development is

Business

January 17, 2025

Economic Growth in MENA on Track as Oil Production Cuts Ease  -thumnail

Economic Growth in MENA on Track as Oil Production Cuts Ease  

By Anusrita Ghosh

Moody’s stated that by 2025, it predicts that the MENA region could quickly cruise at about 2.9% from a 2.1% GDP growth projected for 2024 as oil production cuts are

Business

January 17, 2025

Emaar in Talks to Sell Stake in Indian Subsidiary  -thumnail

Emaar in Talks to Sell Stake in Indian Subsidiary  

By Anusrita Ghosh

Dubai’s Leading Developer Confirms Potential Deal with Adani Group.  Emaar Properties, currently the biggest property developer in Dubai, has indicated that negotiations are still ongoing with Indian companies involving a

Business

January 17, 2025

Parkin and ENOC Partner to Revolutionize Automotive Services in Dubai -thumnail

Parkin and ENOC Partner to Revolutionize Automotive Services in Dubai 

By Anusrita Ghosh

MoU Signed to Enhance Customer Convenience Through Integrated Digital Solutions  PC: Dubai Media Office Under a strategic Memorandum of Understanding (MoU), Parkin Company PJSC, the largest paid public parking operator

Business

January 16, 2025

Dubai Real Estate Investors Reap Record AED 60 Billion in Profits in 2024  -thumnail

Dubai Real Estate Investors Reap Record AED 60 Billion in Profits in 2024  

By Anusrita Ghosh

Palm Jumeirah Tops Gains as Resale in Market Booms In 2024, fäm Properties listed record profits by the investors in Dubai’s real estate sector, coming from the resale market of

Business

January 16, 2025

CICC Joins Dubai’s DIFC, Strengthening Financial Ties with China  -thumnail

CICC Joins Dubai’s DIFC, Strengthening Financial Ties with China  

By Anusrita Ghosh

China International Capital Corporation (CICC) has gotten a license to operate within the Dubai International Financial Centre (DIFC), which should reinforce Dubai’s position further as a global financial hub and

Business

January 16, 2025

Dubai Investments Launches Asayel Avenue: A Premium Residential Cluster in Mirdif Hills  -thumnail

Dubai Investments Launches Asayel Avenue: A Premium Residential Cluster in Mirdif Hills  

By Anusrita Ghosh

Riding high on the success of the flagship Mirdif Hills development, Dubai Investments has launched Asayel Avenue, a luxurious collection of stylish residential buildings that will redefine modern urban living.

Business

January 15, 2025

LANG AG Expands to Dubai, Strengthening Middle Eastern Presence  -thumnail

LANG AG Expands to Dubai, Strengthening Middle Eastern Presence  

By Anusrita Ghosh 

LANG AG announces the opening of its latest outlet in Dubai, a very important movement in the company’s growth towards the Middle East. With this new establishment, LANG has five

Business

January 15, 2025

Dubai’s Sigma Capital Launches $100 m Fund for Web3 Startups-thumnail

Dubai’s Sigma Capital Launches $100 m Fund for Web3 Startups

By Anusrita Ghosh 

Sigma Capital is considered an eminent venture fund in Web3, or otherwise known as a Web3 venture fund, based in the United Arab Emirates. It has recently launched a $100

News

January 15, 2025

UAE and New Zealand Sign Comprehensive Economic Partnership Agreement (CEPA)-thumnail

UAE and New Zealand Sign Comprehensive Economic Partnership Agreement (CEPA)

By Anusrita Ghosh

A Milestone in UAE-New Zealand Economic Relations An important Comprehensive Economic Partnership Agreement was signed between the United Arab Emirates and New Zealand at the Abu Dhabi National Exhibition Centre.

News

January 14, 2025

Engie Solutions Partners with DMCC to Provide Comprehensive FM Services for Uptown Tower  -thumnail

Engie Solutions Partners with DMCC to Provide Comprehensive FM Services for Uptown Tower  

By Anusrita Ghosh 

Engie Solutions, a top company in managing facilities across the world, has made a deal for three years with Dubai Multi Commodities Centre (DMCC). They will provide full facilities management

Business

January 14, 2025

Ford Opens State-of-the-Art Parts Distribution Center in Dubai South  -thumnail

Ford Opens State-of-the-Art Parts Distribution Center in Dubai South  

By Anusrita Ghosh 

The largest urban development focusing on aviation, logistics, and real estate in the region has opened the world’s cutting-edge Parts Distribution Center for Ford through partnership with global logistics and

Business

January 13, 2025

Oasis Lofts: A Transformative Investment Opportunity in Dubai Silicon Oasis-thumnail

Oasis Lofts: A Transformative Investment Opportunity in Dubai Silicon Oasis

By Anusrita Ghosh 

Oasis Lofts in Dubai Silicon  Oasis promises to be the next big step in real estate development, redefining residential and investment standards in the region. The project, a collaboration between

Business

January 13, 2025

Dubai’s Aramex Receives AED 3 Per Share Buyout Offer-thumnail

Dubai’s Aramex Receives AED 3 Per Share Buyout Offer

By Anusrita Ghosh 

Proposed acquisition values Aramex at a 33% premium to recent share price. Dubai’s prominent courier and logistics firm, Aramex, has become the focus of a potential acquisition as Q Logistics

Business

January 13, 2025

GFS Developments Expands into Dubai and Unveils a New Era of Luxury Living -thumnail

GFS Developments Expands into Dubai and Unveils a New Era of Luxury Living 

By Anusrita Ghosh

GFS Developments, a global leader in real estate, has officially entered the dynamic Dubai property market. This milestone was celebrated at a grand event on January 9th in Dubai, featuring

Business

January 11, 2025

Dubai Weekly Funding and Investment Roundup : (06th January to 11th January, 2025)-thumnail

Dubai Weekly Funding and Investment Roundup : (06th January to 11th January, 2025)

By Anusrita Ghosh

Dubai is fast turning into a global hub for innovation in technology and financial services. Its business-friendly policies, strategic location, and access to vast resources are propelling the emirate forward.

Business

January 11, 2025

Dubai Investments Achieves 5 Million Safe Man-Hours at Danah Bay Project  -thumnail

Dubai Investments Achieves 5 Million Safe Man-Hours at Danah Bay Project  

By Anusrita Ghosh 

Dubai Investment Real Estate Company (DIR), a subsidiary of Dubai Investments, has reached a remarkable milestone of achieving 5 million safe working man-hours without a Lost Time Injury (LTI) at

News

January 10, 2025

UAE Banks to Post Robust Lending Growth in 2025 Amid Supportive Policies -thumnail

UAE Banks to Post Robust Lending Growth in 2025 Amid Supportive Policies 

By Anusrita Ghosh 

Lending Growth Driven by Easing Monetary Policy   The UAE banking sector is expected to experience significant growth in lending by 2025 on the back of easing monetary policies and supportive

Business

January 10, 2025

Dubai-based Samana Developers Expands with New Office in Abu Dhabi  -thumnail

Dubai-based Samana Developers Expands with New Office in Abu Dhabi  

By Anusrita Ghosh

Focus on UAE’s Booming Real Estate Market and Client Demand   Samana Developers, based in Dubai, has opened an office in Abu Dhabi to capitalize on the growing demand for premium

Business

January 10, 2025

Global Hedge Funds and Asset Managers Expand Operations to Dubai  -thumnail

Global Hedge Funds and Asset Managers Expand Operations to Dubai  

By Anusrita Ghosh

Hamilton Lane and Hong Kong-Based Firms Lead the Move to the Middle East  Hamilton Lane Inc., a Pennsylvania-based asset manager with nearly $950 billion under management and supervision, is the

News

January 9, 2025

ZāZEN Properties Achieves Unprecedented Success with The Hub Residences in Al Furjan  -thumnail

ZāZEN Properties Achieves Unprecedented Success with The Hub Residences in Al Furjan  

By Anusrita Ghosh 

Launch Day Sales Exceed 95%, Reinforcing Dubai’s Real Estate Boom.  ZāZEN Properties, a leading sustainable real estate developer in the UAE, has announced the resounding success of its latest project,

Business

January 9, 2025

Shuaa Capital Sells Stake in it’s Saudi Hospitality Portfolio for $5.3mln -thumnail

Shuaa Capital Sells Stake in it’s Saudi Hospitality Portfolio for $5.3mln 

By Anusrita Ghosh

Dubai-listed investment bank Shuaa Capital said it has closed the sale of its Saudi hospitality asset portfolio to Saudi-based prominent real estate investor Sumou Holding. The sale is valued at

Business

January 9, 2025

Dubai-listed Emirates NBD Prices Five-year Notes to List on Tapei Stock Exchange-thumnail

Dubai-listed Emirates NBD Prices Five-year Notes to List on Tapei Stock Exchange

By Anusrita Ghosh 

Dubai-based Bank Targets International Investors with Latest Offering.  Emirates NBD, one of the leading banking groups in the Middle East, announced the pricing of its senior unsecured five-year notes, due

Business

January 8, 2025

Rail Vikas Nigam Partners with Dubai-Based GBH International to Tap GCC Infrastructure Market  -thumnail

Rail Vikas Nigam Partners with Dubai-Based GBH International to Tap GCC Infrastructure Market  

By Anusrita Ghosh

Dubai as the Gateway to Strategic Collaboration   Rail Vikas Nigam Limited (RVNL), one of the major railway infrastructure development companies in India, has signed a significant partnership agreement with GBH

News

January 8, 2025

ENOC Group Expands Retail Network in Ajman with Two New Service Stations  -thumnail

ENOC Group Expands Retail Network in Ajman with Two New Service Stations  

By Anusrita Ghosh

ENOC Group, a leading global energy player, has announced the opening of two new service stations in Ajman, further expanding its retail footprint in the emirate. Located in Al Jurf

Business

January 7, 2025

Devsinc Expands into UAE with Acquisition of Alchemative  -thumnail

Devsinc Expands into UAE with Acquisition of Alchemative  

By Anusrita Ghosh

Devisnc, Pakistan’s leading IT Company has announced the acquisition of Alchemative Group of UAE, which provides eCommerce and digital retail solutions along with the UnumPay payment gateway. With this acquisition,

Business

January 7, 2025

Ghobash Group and Kyocera Strengthen Strategic Partnership with High-Level Dubai Visit  -thumnail

Ghobash Group and Kyocera Strengthen Strategic Partnership with High-Level Dubai Visit  

By Anusrita Ghosh 

Ghobash Group welcomes a delegation of its long-term partner, Kyocera Corporation, at their headquarters in Dubai. The delegates were led by Goro Yamaguchi, Chairman of the Board and Representative Director

Business

January 7, 2025

Azizi Developments Concludes 2024 with Record-Breaking Achievements  -thumnail

Azizi Developments Concludes 2024 with Record-Breaking Achievements  

By Anusrita Ghosh

Azizi Developments, a major private real estate developer in the UAE, topped off 2024 with performance that has no precedence, where thousands of units were delivered across 19 projects. The

Business

January 6, 2025

DEWA Launches $1.9 Billion Smart Grid Initiative to Boost Sustainability and Efficiency -thumnail

DEWA Launches $1.9 Billion Smart Grid Initiative to Boost Sustainability and Efficiency 

By Anusrita Ghosh 

Driving Innovation and Sustainability in Dubai   The Dubai Electricity and Water Authority (DEWA) has announced a strategic framework to integrate generative AI across its operations, using Microsoft Copilot to enhance

Business

January 6, 2025

UAE’s Non-Oil Private Sector Growth Hits Nine-Month High in December  -thumnail

UAE’s Non-Oil Private Sector Growth Hits Nine-Month High in December  

By Anusrita Ghosh 

Robust Market Demand Drives Expansion   Non-oil private sector in the UAE, as indicated by a business survey released on Monday, recorded the fastest growth in nine months of December, spurred

Business

January 6, 2025

Elite Body Home Polyclinic Launches UAE’s Premier Luxury Dental Clinic in Dubai-thumnail

Elite Body Home Polyclinic Launches UAE’s Premier Luxury Dental Clinic in Dubai

By Anusrita Ghosh 

A Milestone for Dubai’s Healthcare and Aesthetics Market Elite Body Home Polyclinic, a leader in aesthetics, dentistry, and healthcare, has launched its luxury dental clinic in the heart of Dubai,

Business

January 4, 2025

Dubai Funding Weekly Roundup: Key Insights and Highlights (30th December, 2024 to 4th January, 2025)-thumnail

Dubai Funding Weekly Roundup: Key Insights and Highlights (30th December, 2024 to 4th January, 2025)

By Anusrita Ghosh

Dubai continues to entrench its reputation as a hub for strategic investments, with major players driving innovation and growth in various sectors. This week, a major development in the logistics

Business

January 4, 2025

Nexus Underwriting to Acquire Dubai-based Specialty MGA -thumnail

Nexus Underwriting to Acquire Dubai-based Specialty MGA 

By Anusrita Ghosh 

PC: Reinsurance News Strategic Acquisition Expands Nexus’ Reach in Global Insurance Markets Nexus Underwriting, part of the Brown & Brown group, has announced its agreement to acquire Arma Fusion Limited,

News

January 3, 2025

State-Owned Investors Set to Expand Influence in Private Equity and Credit Markets in 2025  -thumnail

State-Owned Investors Set to Expand Influence in Private Equity and Credit Markets in 2025  

By Anusrita Ghosh 

SOIs are going to dramatically increase their footprint in private equity and credit markets in 2025, a trend that indicates a change in global investment strategies. A report by Global

News

January 3, 2025

Canon Showcases Tailored Print and Design Solutions for Hospitality Sector in Dubai  -thumnail

Canon Showcases Tailored Print and Design Solutions for Hospitality Sector in Dubai  

By Anusrita Ghosh 

Canon Middle East showcased an extensive range of print and design solutions as recently as when the company addressed its MEA Stakeholder Conference at Dubai, that is going to be

News

January 3, 2025

Dubai’s Real Estate to Thrive in 2025 Driven by Infrastructure Development and Growing Communities -thumnail

Dubai’s Real Estate to Thrive in 2025 Driven by Infrastructure Development and Growing Communities 

By Anusrita Ghosh 

Dubai has solidified its position as a premier destination for international investors, offering more than just luxury homes. The emirate is renowned for providing a unique combination of security, economic

News

January 2, 2025

MONIIFY Partners with 1 Billion Followers Summit for Its Third Edition in Dubai  -thumnail

MONIIFY Partners with 1 Billion Followers Summit for Its Third Edition in Dubai  

By Anusrita Ghosh 

Dubai to Host Global Summit on Content Creation and Innovation from January 11-13, 2025.  PC: HiDubai Focus The 1 Billion Followers Summit, organized by the UAE Government Media Office, has

News

January 2, 2025

Dubai Duty Free Sets New Annual Turnover Record of AED 7.901 Billion in 2024  -thumnail

Dubai Duty Free Sets New Annual Turnover Record of AED 7.901 Billion in 2024  

By Anusrita Ghosh

Record-Breaking Year Culminates with Strong December Sales.    Dubai Duty Free (DDF) closed 2024 on a high note with the establishment of a new annual turnover record at AED 7.901 billion

News

January 2, 2025

Aramex Improves Efficiency with Dubai Customs’ Seamless Inspections Initiative  -thumnail

Aramex Improves Efficiency with Dubai Customs’ Seamless Inspections Initiative  

By Anusrita Ghosh 

Streamlined Customs Clearance   Aramex, a leading global logistics and transportation solutions provider, has reported significant operational improvements thanks to Dubai’s Ports, Customs, and Free Zone Corporation (PCFC) Seamless Inspections initiative.

News

December 31, 2024

Tender Prices Surge Amid UAE’s Real Estate Boom-thumnail

Tender Prices Surge Amid UAE’s Real Estate Boom

By Anusrita Ghosh 

Rising Costs Amid Market Growth and Competition The dynamic real estate market of the UAE has seen a rise in tender prices due to increasing raw material costs and more

Business

December 31, 2024

GFH Partners Invests in Manrre REIT to Accelerate Growth in Logistics and Industrial Real Estate -thumnail

GFH Partners Invests in Manrre REIT to Accelerate Growth in Logistics and Industrial Real Estate 

By Anusrita Ghosh 

Strategic Investment to Boost Expansion Across UAE and GCC.   GFH Partners, the global asset management subsidiary of GFH Financial Group based in the Dubai International Financial Centre (DIFC), has announced

News

December 31, 2024

UAE’s Economy Records Strong Growth in H1 2024 -thumnail

UAE’s Economy Records Strong Growth in H1 2024 

By Anusrita Ghosh 

Non-Oil GDP Contributes 75% to National Output Amid Diversification Efforts.  The UAE economy showed strong performance in the first half of 2024, according to preliminary estimates by the Federal Competitiveness

News

December 30, 2024

Dubai Land Department to Launch Smart Rental Index in January 2025  -thumnail

Dubai Land Department to Launch Smart Rental Index in January 2025  

By Anusrita Ghosh 

The Dubai Land Department (DLD) has announced the upcoming launch of its Smart Rental Index, set to debut in January 2025. This innovative initiative is designed to enhance transparency, trust,

News

December 30, 2024

Dubai Gold Prices Steady as Global Markets Look for Direction  -thumnail

Dubai Gold Prices Steady as Global Markets Look for Direction  

By Anusrita Ghosh 

Gold prices in Dubai were stable at the beginning of the week, reflecting a calm global market as investors await key policy signals from the United States.  Gold Prices in

News

December 30, 2024

Weekly Dubai Funding Roundup: Key Investments and Highlights-thumnail

Weekly Dubai Funding Roundup: Key Investments and Highlights

By Anusrita Ghosh 

The Dubai business ecosystem continues to thrive, with sustainability, innovation, and cutting-edge technologies at its forefront. This week saw significant funding activities across key industries such as aluminum recycling, immersive

Investment & Funding

December 28, 2024

Dubai South Properties Completes First Phase of The Pulse Beachfront -thumnail

Dubai South Properties Completes First Phase of The Pulse Beachfront 

By Anusrita Ghosh 

251 Luxury Villas Ready for Handover, Remaining Phases to Conclude by Q1 2025. PC: CW Property Middle East  Dubai South Properties has announced the successful completion of the first phase

News

December 27, 2024

Dubai Taxi Company Unveils Transformative Strategy for 2025–2029 -thumnail

Dubai Taxi Company Unveils Transformative Strategy for 2025–2029 

By Anusrita Ghosh

New Vision, Sustainability Focus, and Strategic Partnerships Drive Bold Expansion Plans   Dubai Taxi Company has unveiled a corporate strategy for 2025–2029, which aims to enter new verticals, such as limousine

News

December 27, 2024

UAE and Italy Sign MoU to Strengthen Fight Against Financial Crimes-thumnail

UAE and Italy Sign MoU to Strengthen Fight Against Financial Crimes

By Anusrita Ghosh

The UAE General Secretariat of the National Anti-Money Laundering and Combating Financing of Terrorism and Financing of Illegal Organisations Committee (GS-NAMLCFTC) has signed a Memorandum of Understanding (MoU) with the

News

December 27, 2024

Dubai Outperforms Other Gulf Markets in Early Trade-thumnail

Dubai Outperforms Other Gulf Markets in Early Trade

By Anusrita Ghosh 

Oil Prices Boost Regional Markets, Real Estate and Industrial Stocks Lead Dubai’s Rally   PC: Business Recorder  Dubai’s benchmark share index reached its highest level in more than a decade on

News

December 26, 2024

Emirates Global Aluminium Funds U.S. Recycling Acquisition Through Green Loan-thumnail

Emirates Global Aluminium Funds U.S. Recycling Acquisition Through Green Loan

By Anusrita Ghosh 

Acquisition of Spectro Alloys Secured by Green Financing   Emirates Global Aluminium, the world’s largest producer of premium aluminium, announced that its acquisition of a majority stake in the U.S.-based Spectro

News

December 26, 2024

Dubai’s Creative Sector: A $4.3 Trillion Global Economic Force  -thumnail

Dubai’s Creative Sector: A $4.3 Trillion Global Economic Force  

By Anusrita Ghosh 

Dubai’s creative sector has emerged as a global powerhouse, contributing 6.1% to the world’s economy with a total value of $4.3 trillion, according to a report titled ‘Creative Dubai: Navigating

News

December 26, 2024

UAE Announces Changes to Corporate Tax Rules-thumnail

UAE Announces Changes to Corporate Tax Rules

By Anusrita Ghosh 

The Ministry of Finance has published Ministerial Decisions No. (301) and No. (302) of 2024 that introduce significant changes to Tax Groups and Participation Exemptions under Federal Decree-Law No. 47

News

December 24, 2024

Indian Investors Lead New Memberships in Dubai Chamber of Commerce in 2024  -thumnail

Indian Investors Lead New Memberships in Dubai Chamber of Commerce in 2024  

By Anusrita Ghosh 

Indian Companies Top the List   Dubai Chambers recently analyzed an indication that Indian investors and entrepreneurs topped the list of new non-Emirati companies joining the chamber within the first nine

News

December 24, 2024

DART Creates a Holistic Ecosystem for Dubai’s Digital Revolution  -thumnail

DART Creates a Holistic Ecosystem for Dubai’s Digital Revolution  

By Anusrita Ghosh 

Driving Innovation and Transformation in the UAE   The team behind DART is at the forefront of the UAE’s journey toward becoming one of the world’s major leaders in technology and

News

December 24, 2024

Nexus Underwriting Enters into Agreement to Acquire Arma Underwriting, a Dubai-based Specialty Reinsurance MGA  -thumnail

Nexus Underwriting Enters into Agreement to Acquire Arma Underwriting, a Dubai-based Specialty Reinsurance MGA  

By Anusrita Ghosh 

Nexus Underwriting (“Nexus”), a Brown & Brown group business, has announced its agreement to acquire Arma Fusion Limited, the parent company of Arma Underwriting Limited (“Arma”).   Arma, a specialty reinsurance

News

December 23, 2024

Emirati District: Empowering Young Entrepreneurs at DXB-thumnail

Emirati District: Empowering Young Entrepreneurs at DXB

By Anusrita Ghosh 

A New Hub to Boost the Global Presence of Emirati Youths. The UAE has unveiled a dedicated hub for young Emirati entrepreneurs at Dubai International Airport (DXB), marking a significant

Business

December 23, 2024

AED 1 Bln Dubai Development Targets Global Elite with Scandinavian Villas-thumnail

AED 1 Bln Dubai Development Targets Global Elite with Scandinavian Villas

By Anusrita Ghosh 

A collection of Nordic-style ultra-luxury villas and mansions, valued at AED 1 billion, is to enter the Dubai real estate market as ready homes in 2025. Developed by Nordic by

News

December 23, 2024

UAE Leads Growth in Sukuk and Sustainable Financing-thumnail

UAE Leads Growth in Sukuk and Sustainable Financing

By Anusrita Ghosh

Written by- Anusrita Ghosh  Since 2019, the main growth driver has been the problem of Green Sukuk. The UAE is arguably a regional leader in this regard. As Green Sukuk means

Business

December 21, 2024

Adapting to Hybrid Work: Transformations in the UAE’s Commercial Property Market-thumnail

Adapting to Hybrid Work: Transformations in the UAE’s Commercial Property Market

By Anusrita Ghosh

The commercial real estate sector in the UAE is experiencing a massive revolution as international business interests into the country increase. In the first half of 2024, Dubai registered 34,075

Business

December 21, 2024

Dubai Funding Weekly Roundup: Key Developments in Investment and Innovation (16th December to 21st December, 2024)-thumnail

Dubai Funding Weekly Roundup: Key Developments in Investment and Innovation (16th December to 21st December, 2024)

By Anusrita Ghosh 

Dubai’s dynamic financial and entrepreneurial ecosystem remains an attractive platform for global investors to promote innovation in a myriad of sectors. This week was marked by several announcements on funding

Business

December 21, 2024

Dubai Islamic Bank Relaunches DIB XTRA Salary Transfer Campaign with Exclusive Benefits -thumnail

Dubai Islamic Bank Relaunches DIB XTRA Salary Transfer Campaign with Exclusive Benefits 

By Anusrita Ghosh 

Dubai Islamic Bank (DIB) has relaunched its highly popular DIB XTRA Salary Transfer Campaign, providing an enhanced suite of benefits that are tailored to meet the needs of UAE citizens

News

December 20, 2024

Digital Dubai and Dubai Future Foundation Sign Strategic Partnership to Cultivate Future Skills  -thumnail

Digital Dubai and Dubai Future Foundation Sign Strategic Partnership to Cultivate Future Skills  

By Anusrita Ghosh 

This agreement signed between Digital Dubai and the Dubai Future Foundation reflects their commitment to cultivating national talent that can anticipate and shape the future through innovative technologies, concepts, and

News

December 20, 2024

Fajr Capital Eyes Diverse Investment Opportunities Across Gulf and Emerging Markets  -thumnail

Fajr Capital Eyes Diverse Investment Opportunities Across Gulf and Emerging Markets  

By Anusrita Ghosh 

Dubai-based private equity firm Fajr Capital is aggressively looking for high-value investment opportunities in sectors including healthcare, data centers, and semiconductors. In fact, the company’s CEO, Iqbal Khan, said that

News

December 20, 2024

Dubai’s Real Estate Market Shines with AED 120 Million Villa Sale in Emerald Hills -thumnail

Dubai’s Real Estate Market Shines with AED 120 Million Villa Sale in Emerald Hills 

By Anusrita Ghosh 

The luxury property sale, which is a record breaker in Emerald Hills, cemented the city’s status as the best investment destination globally. The villa was sold for AED 120 million,

News

December 19, 2024

Dubai Future Foundation Hosts AI Connect to Boost AI Adoption in Government Sector-thumnail

Dubai Future Foundation Hosts AI Connect to Boost AI Adoption in Government Sector

By Anusrita Ghosh 

The Dubai Future Foundation held the AI Connect event today, assembling more than 60 startups, entrepreneurs, government agencies, and investment institutions aimed at accelerating artificial intelligence within the government system

News

December 19, 2024

FAAD Capital Announces First Global Expansion Via Dubai Launch-thumnail

FAAD Capital Announces First Global Expansion Via Dubai Launch

By Anusrita Ghosh 

FAAD Capital, registered with SEBI as a Category 1 Angel Fund, has announced the launch of its investor network in Dubai. It is the first international foray for the fund

News

December 19, 2024

Dubai Continues to Lead the Online Trading Revolution in MENA-thumnail

Dubai Continues to Lead the Online Trading Revolution in MENA

By Anusrita Ghosh 

Due to dynamic markets, innovative technologies, and new opportunities, the Middle East and North Africa (MENA) region is swiftly emerging as a hub for online trading. Traders are increasingly being

News

December 18, 2024

Repton Al Barsha Partners with StockGro to Introduce Financial Literacy in Curriculum  -thumnail

Repton Al Barsha Partners with StockGro to Introduce Financial Literacy in Curriculum  

By Anusrita Ghosh 

Repton Al Barsha, one of Dubai’s most innovative schools, has announced a partnership with StockGro, India’s leading stock market learning platform, to integrate financial literacy and investment skills into its

News

December 18, 2024

Dubai Chambers Hosts Six Legal Workshops to Enhance Business Compliance  -thumnail

Dubai Chambers Hosts Six Legal Workshops to Enhance Business Compliance  

By Anusrita Ghosh 

Dubai Chambers has concluded a series of six legal workshops conducted online and in-person, meant to enhance the capacity of businesses within Dubai to better comply with key laws and

News

December 18, 2024

Dubai Real Estate Market Posts Strong Growth in November  -thumnail

Dubai Real Estate Market Posts Strong Growth in November  

By Anusrita Ghosh 

PC: Forbes Residential and Commercial Sectors Continue Upward Trend   The real estate market of Dubai was performing pretty well in November, with the residential sector and the commercial sector registering

News

December 17, 2024

Dubai’s Magellan Capital on Track for $700 Million Hedge Fund Launch Despite Key Departure-thumnail

Dubai’s Magellan Capital on Track for $700 Million Hedge Fund Launch Despite Key Departure

By Anusrita Ghosh 

Magellan Capital, a multi strategy hedge fund that is based in Dubai, seems to be moving ahead with its planned $700 million launch in the first quarter of 2024, even

News

December 17, 2024

MM Group Launches into MENA Region with New Dubai Office-thumnail

MM Group Launches into MENA Region with New Dubai Office

By Anusrita Ghosh 

Strategic Milestone to Drive Global Growth and Enhance Regional Presence   Media Mantra Group, one of the largest PR and integrated communications conglomerates in India, has announced that it will formally

News

December 17, 2024

Dubai Stocks Surge to Decade-High Amid Regional Market Gains  -thumnail

Dubai Stocks Surge to Decade-High Amid Regional Market Gains  

By Anusrita Ghosh 

PC: Reuters  Real estate and finance stocks drive Dubai’s rally; Gulf markets cautiously optimistic ahead of US Fed decision. Dubai’s bourse jumped to a fresh near-decade high Monday, with the

News

December 16, 2024

Foundster Launches AI-Driven Company Formation Services in Dubai-thumnail

Foundster Launches AI-Driven Company Formation Services in Dubai

By Anusrita Ghosh 

PC: JOIN Simplifying Business Formation with AI Foundster is one newly launched AI-powered company formation portal in Dubai that helps implement more innovative methods into simplified procedures of the otherwise

News

December 16, 2024

Dubai’s Parkin Eyes Expansion into Saudi Arabia with BATIC Partnership  -thumnail

Dubai’s Parkin Eyes Expansion into Saudi Arabia with BATIC Partnership  

By Anusrita Ghosh 

Collaboration to Enhance Paid Parking Services with Smart Technologies. PC: Arabian Business  Dubai-based parking solutions provider Parkin is making a huge leap in the expansion of its operations into the

News

December 16, 2024

Weekly Dubai Funding Report: 09th December to 14th December, 2024-thumnail

Weekly Dubai Funding Report: 09th December to 14th December, 2024

By Anusrita Ghosh 

Better Raises $550K for Men’s Wellness Solutions   A Dubai-based men’s wellness startup called Better has secured $550,000 in pre-seed funding led by the Salica Spring Studios fund, a partnership between

News

December 14, 2024

OneClickDrive Expands into Dubai’s Growing Second-Hand Car Market  -thumnail

OneClickDrive Expands into Dubai’s Growing Second-Hand Car Market  

By Anusrita Ghosh 

Platform Brings Transparent and Direct Connections Between Buyers and Sellers   OneClickDrive, the largest car rental marketplace, has just announced its entry into the booming market for second-hand cars in Dubai

News

December 14, 2024

Zand Becomes UAE’s First Bank to Launch Digital Asset Custody Services-thumnail

Zand Becomes UAE’s First Bank to Launch Digital Asset Custody Services

By Anusrita Ghosh 

Bridging Traditional and Decentralized Finance with Institutional-Grade Security. Zand has launched the Digital Asset Custody services as a first fully licensed, AI-powered digital bank, and it is now the first

News

December 13, 2024

Landmark AED 350 mln Deal Set to Reshape Dubai Business District’s Skyline  -thumnail

Landmark AED 350 mln Deal Set to Reshape Dubai Business District’s Skyline  

By Anusrita Ghosh 

Dubai is cementing its position as a global luxury real estate hub, with one high-profile transaction serving to exemplify the sector’s remarkable momentum in 2024. Architectural innovation and audacious urban

News

December 13, 2024

Arab Health 2024: A Catalyst for Dubai’s Economy and Healthcare Growth-thumnail

Arab Health 2024: A Catalyst for Dubai’s Economy and Healthcare Growth

By Anusrita Ghosh 

Arab Health drives $269.7M in economic impact, paving the way for healthcare innovation and growth in Dubai. PC: Zawya Arab Health was once again a cornerstone event in the Dubai

News

December 13, 2024

Emirates NBD Invests in Zodia Custody to Strengthen Digital Asset Strategy  -thumnail

Emirates NBD Invests in Zodia Custody to Strengthen Digital Asset Strategy  

By Anusrita Ghosh

Driving Innovation in Digital Assets through Strategic Investment   Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, has announced a strategic equity investment

News

December 12, 2024

Republic of Indonesia Lists $2.75 Billion Sukuk on Nasdaq Dubai  -thumnail

Republic of Indonesia Lists $2.75 Billion Sukuk on Nasdaq Dubai  

By Anusrita Ghosh 

Strengthening Indonesia’s Global Sukuk Presence   PC: wam.ae Nasdaq Dubai welcomed the listing of three Sukuk issuances from the Republic of Indonesia, amassing USD 2.75 billion. The issuances, part of the

News

December 12, 2024

Astra Tech Secures $500 Million for Fintech Growth-thumnail

Astra Tech Secures $500 Million for Fintech Growth

By Anusrita Ghosh 

Landmark Financing for Quantix Technology Projects   Astra Tech, a Dubai-based technology company, has reached a major milestone with its fintech subsidiary, Quantix Technology Projects, securing financing of $500 million. The

News

December 12, 2024

Gulf’s Biggest IPO Marks Dubai Debut-thumnail

Gulf’s Biggest IPO Marks Dubai Debut

By Anusrita Ghosh 

Strong Market Performance Following Region’s Largest Tech IPO PC: WION Talabat Holding, the Middle East’s leading food delivery and online grocery operator, got off to a flying start on the

News

December 11, 2024

Mideast Stocks: Gulf Markets Gain Ahead of U.S. Inflation Report-thumnail

Mideast Stocks: Gulf Markets Gain Ahead of U.S. Inflation Report

By Anusrita Ghosh 

Gulf Stock Markets Gain Momentum   Early on Thursday, most of the Gulf stock markets posted rises on account of investors waiting to absorb what US inflation data and some key

News

December 11, 2024

Iliad Partners Launches New PIF-backed $50 Million Fund-thumnail

Iliad Partners Launches New PIF-backed $50 Million Fund

By Anusrita Ghosh 

A UAE-headquartered leading venture capital firm, Iliad Partners has announced the launch of its $50 million Iliad Partners Tech Ventures Fund I. The firm will be located in the Abu

News

December 11, 2024

Dubai’s Real Estate Market Thrives Amid Rising Rents and Sustained Growth  -thumnail

Dubai’s Real Estate Market Thrives Amid Rising Rents and Sustained Growth  

By Anusrita Ghosh 

Rental Market Sees a 20.8% Surge PC: Arabian Business  The real estate market in Dubai showed resilience and growth in November 2024, with average annual rent prices increasing by 20.8%

News

December 10, 2024

Tricentis Expands Presence in Middle East with New Dubai Office-thumnail

Tricentis Expands Presence in Middle East with New Dubai Office

By Anusrita Ghosh 

Accelerating Digital Transformation Through Automated Software Testing PC: Wikipedia  The global leader in automated software testing, Tricentis, announced a new office in Dubai Internet City; it is now joining technology

News

December 10, 2024

Azizi Developments Partners with Finpower Aircon for Premium Dubai Projects -thumnail

Azizi Developments Partners with Finpower Aircon for Premium Dubai Projects 

By Anusrita Ghosh 

UAE-based Azizi Developments and Finpower Aircon have signed a strategic partnership under which the former’s new high-rise, high-performance luxury developments, Riviera and Azizi Venice, located in Dubai, will be fitted

News

December 10, 2024

China-UAE Economy and Trade Exchange Center Opens at Expo City Dubai-thumnail

China-UAE Economy and Trade Exchange Center Opens at Expo City Dubai

By Anusrita Ghosh

PC: Zawya A Platform for Strengthening Bilateral Ties and Advancing the Belt and Road Initiative The China-UAE Economy and Trade Exchange Center was formally inaugurated in Expo City Dubai, marking

Economy

December 9, 2024

UAE-India Founders’ Retreat: A Launchpad for Global Start-Up Success-thumnail

UAE-India Founders’ Retreat: A Launchpad for Global Start-Up Success

By Anusrita Ghosh

PC: Consultancy.in Strengthening UAE-India Start-Up Collaboration   The Founders’ Retreat has become a major platform for coalescing the UAE and India’s start-up ecosystems. Elaborating on the opportunities for cross-border collaborations, Offline

News

December 9, 2024

Stake Expands to Saudi Arabia with Digital Real Estate Investment Platform-thumnail

Stake Expands to Saudi Arabia with Digital Real Estate Investment Platform

By Anusrita Ghosh

PC: Facebook Dubai-based digital real estate investment platform Stake has launched operations in Saudi Arabia, it said in a statement. Stake has established the operation with the support of Al

News

December 9, 2024

Kamdar Property Development Launches 105 Residences in Jumeirah Village Circle  -thumnail

Kamdar Property Development Launches 105 Residences in Jumeirah Village Circle  

By Anusrita Ghosh

PC: Arabian Business  Kamdar Property Development, one of the premier family-owned developers in Dubai with a heritage of 40 years, has launched its first ever public investment undertaking, 105 Residences

News

December 9, 2024

Miami-Dubai Chamber of Commerce Launches to Foster Global Collaboration-thumnail

Miami-Dubai Chamber of Commerce Launches to Foster Global Collaboration

By Anusrita Ghosh 

Officially launched, the Miami-Dubai Chamber of Commerce will create a strategic platform to leverage collaboration between Miami and Dubai. The Chamber was co-founded by Yolanda Perez and Nick Naamou, and

News

December 7, 2024

Weekly Funding Roundup: Driving Innovation in Tech and Venture Capital (02nd December to 7th December, 2024)-thumnail

Weekly Funding Roundup: Driving Innovation in Tech and Venture Capital (02nd December to 7th December, 2024)

By Anusrita Ghosh 

This week, Dubai proved to be a hotbed of innovative technology and startup investments with several key funding announcements. From gametech advancements to blockchain integration and venture capital expansion, UAE-based

News

December 7, 2024

DIFC Opens 2nd Future Sustainability Summit to Drive Global Transition to Net Zero-thumnail

DIFC Opens 2nd Future Sustainability Summit to Drive Global Transition to Net Zero

By Anusrita Ghosh 

Over 3,000 industry leaders, government officials, and sustainability experts have flocked to the 2nd Future Sustainability Summit 2024, hosted by Dubai International Financial Centre (DIFC). The event represents a global

News

December 7, 2024

AQUA Properties Unveils AED 477 Million Development in Dubai Sports City  -thumnail

AQUA Properties Unveils AED 477 Million Development in Dubai Sports City  

By Anusrita Ghosh 

A New Standard for Urban Living with The Community Sports Arena  AQUA Properties, known for its innovative and sustainable development, recently announced the latest development: The Community Sports Arena. Developed

News

December 6, 2024

Taxis in Dubai Now on ZED, a Home-grown Mobility Revolution Powered by Al Ghurair  -thumnail

Taxis in Dubai Now on ZED, a Home-grown Mobility Revolution Powered by Al Ghurair  

By Anusrita Ghosh 

PC: Zawya ZED, Dubai’s innovative and home-grown mobility app, has introduced taxis to its platform, marking a transformative moment in the city’s transportation journey. Developed by Al Ghurair, one of

News

December 6, 2024

Dubai South Signs Agreement with BT Holding LLC for New Master Development-thumnail

Dubai South Signs Agreement with BT Holding LLC for New Master Development

By Anusrita Ghosh 

The agreement was signed between Dubai South, a major urban development with a focus on aviation, logistics, and real estate, and BT Holding LLC, based in Dubai, to develop a

News

December 6, 2024

UAE Businesses will have Relief after Insurance Premium Hikes-thumnail

UAE Businesses will have Relief after Insurance Premium Hikes

By Anusrita Ghosh 

PC: Gulf News 2024 was a highly challenging year for the insurance sector since claims from the severe April rains in Dubai shot to billions of dirhams. Claims in question

News

December 6, 2024

UAE’s Non-Oil Economy Sees Solid Growth in November Amid Rising Orders-thumnail

UAE’s Non-Oil Economy Sees Solid Growth in November Amid Rising Orders

By Anusrita Ghosh 

PMI Reflects Robust Expansion Despite Signs of Caution The UAE non-oil economy maintained a strong growth pace in November 2024, with new orders increasing at their fastest rate since August,

News

December 6, 2024

Dubai Chambers Signs MoU with London Chamber of Commerce and Industry to Strengthen Business Ties-thumnail

Dubai Chambers Signs MoU with London Chamber of Commerce and Industry to Strengthen Business Ties

By Anusrita Ghosh

Strengthening Business Ties Between Dubai and London The Memorandum of Understanding has been signed by Dubai Chambers with the London Chamber of Commerce and Industry with the objective of enhancing

News

December 5, 2024

Bird Marketing Expands to Dubai, Offering Tailored Digital Solutions for UAE Businesses  -thumnail

Bird Marketing Expands to Dubai, Offering Tailored Digital Solutions for UAE Businesses  

By Anusrita Ghosh

Bird Marketing, an agency known for its presence in London, Essex, and New York, is planning to extend its operations to Dubai, to help businesses in the UAE, leveraging its

Business

December 5, 2024

Dubai Duty Free 11 Months Sales Reached US$2 Billion -thumnail

Dubai Duty Free 11 Months Sales Reached US$2 Billion 

By Anusrita Ghosh 

Strong November Performance Pushes Retailer Toward Record Year   PC: Startup Pakistan  Dubai Duty Free has recorded US$1.94 billion in sales up to the end of November 2024, which should see

News

December 4, 2024

Dubai Chambers and HSBC Sign MoU to Boost Business Expansion in Dubai  -thumnail

Dubai Chambers and HSBC Sign MoU to Boost Business Expansion in Dubai  

By Anusrita Ghosh

Agreement to Support Local and International Companies PC: Zawya  Dubai Chambers has signed a Memorandum of  Understanding (MoU) with HSBC Bank Middle East Limited to help local businesses expand their

News

December 4, 2024

UAE’s Aldar Properties Acquires AED 2.3 Billion Tower in Dubai’s Financial Hub  -thumnail

UAE’s Aldar Properties Acquires AED 2.3 Billion Tower in Dubai’s Financial Hub  

By Anusrita Ghosh 

PC: Arabian Business  Abu Dhabi’s leading real estate developer, Aldar Properties, has finalized the acquisition of a commercial tower in Dubai’s prestigious financial hub, Dubai International Financial Centre (DIFC), for

News

December 4, 2024

Dubai’s Dutco Group Acquires Edinburgh’s Bruntsfield Hotel-thumnail

Dubai’s Dutco Group Acquires Edinburgh’s Bruntsfield Hotel

By Anusrita Ghosh 

The deal marks Dutco’s second acquisition in Scotland within a year, with plans for significant investment in the property. PC: Insider.co.uk Dubai-based Dutco Group has acquired The Bruntsfield Hotel, a

News

December 3, 2024

Clemta Launches AI-Powered Financial Assistant to Revolutionize US Business Management  -thumnail

Clemta Launches AI-Powered Financial Assistant to Revolutionize US Business Management  

By Anusrita Ghosh 

Clemta Intelligence promises streamlined financial operations for MENA entrepreneurs expanding into the US market. PC: X.com Global business formation and management solutions provider Clemta has announced its new product launch,

News

December 3, 2024

Capital Bank Group Reaffirms Commitment to Customer-Centric Banking Solutions -thumnail

Capital Bank Group Reaffirms Commitment to Customer-Centric Banking Solutions 

By Anusrita Ghosh 

Independence and Tailored Services for Market Adaptability   Capital Bank Group, a leading financial institution in the Middle East, reiterated its commitment to delivering advanced and reliable banking solutions with a

News

December 3, 2024

Jumeirah Partners with Thanda Group to Launch Luxury Destinations in Africa  -thumnail

Jumeirah Partners with Thanda Group to Launch Luxury Destinations in Africa  

By Anusrita Ghosh 

PC: Zawya Jumeirah, the global hospitality company and member of Dubai Holding, has announced an exclusive partnership with the Thanda Group to launch two outstanding new destinations: Jumeirah Thanda Island

News

December 2, 2024

Raiven Capital Showcases Dubai-based DIFC  Innovation Fund-thumnail

Raiven Capital Showcases Dubai-based DIFC  Innovation Fund

By Anusrita Ghosh 

Raiven Capital, a global venture fund, highlights its commitment to fostering innovation and supporting visionary startups in the UAE and beyond. PC: Business Wire According to Supreet Manchanda, Raiven Capital

News

December 2, 2024

Dubai Weekly Funding Roundup: Funding Insights (25th November to 30th November)-thumnail

Dubai Weekly Funding Roundup: Funding Insights (25th November to 30th November)

By Anusrita Ghosh 

First APAC Fund VCC, a prominent Singapore-based investment fund, has entered into a strategic partnership with Dubai’s AMIS Development through a Memorandum of Understanding (MOU) valued at AED 5 billion.

News

November 30, 2024

UAE Real Estate Market Poised for Sustained Growth in 2024  -thumnail

UAE Real Estate Market Poised for Sustained Growth in 2024  

By Anusrita Ghosh 

PC: Construction Business News Middle East Resilient Market Defies Global Challenges   The UAE’s real estate market is anticipated to sustain its growth curve in 2024 based on the strong growth

News

November 30, 2024

3DXB Group Supports Dubai Real Estate Strategy 2033 with 3D Printing Innovations-thumnail

3DXB Group Supports Dubai Real Estate Strategy 2033 with 3D Printing Innovations

By Anusrita Ghosh 

Badar Rashid AlBlooshi, Chairman of 3DXB Group. PC: Zawya Driving Technological Advancement and Sustainability Within this context, 3DXB Group has reaffirmed its dedication toward coming up with innovative solutions that

News

November 29, 2024

The Dubai F&B Industry is Bustling with Growth-thumnail

The Dubai F&B Industry is Bustling with Growth

By Anusrita Ghosh 

PC: Caterer Middle East Dubai strengthens its position as a global destination, showcasing  growth in tourism and its impact on the city’s real estate and lifestyle sectors. Dubai International Airport

News

November 29, 2024

Nasscom and DIFC Partner to Boost FinTech Innovation and Collaboration  -thumnail

Nasscom and DIFC Partner to Boost FinTech Innovation and Collaboration  

By Anusrita Ghosh 

Indian Tech Companies to Gain Access to Dubai’s Thriving Innovation Ecosystem.  Nasscom, the $254 billion technology industry representative body of India, signed a Memorandum of Understanding with the Dubai International

News

November 28, 2024

Dubai Chambers and Standard Chartered Partner to Boost UAE Business Growth  -thumnail

Dubai Chambers and Standard Chartered Partner to Boost UAE Business Growth  

By Anusrita Ghosh 

Dubai Chambers has signed a Memorandum of Understanding (MoU) with Standard Chartered with the aim of strengthening co-operation in its efforts at enhancing the growth of businesses in the UAE

News

November 28, 2024

Salik Expands Services Beyond Toll Gates with Parkonic Partnership  -thumnail

Salik Expands Services Beyond Toll Gates with Parkonic Partnership  

By Anusrita Ghosh 

Ibrahim Sultan Al Haddad, CEO of Salik and Imad Alameddine, CEO of Parkonic signs the 5-year partnership contract. PC: Gulf News Salik, the toll-gate operator listed on the Dubai Financial

News

November 28, 2024

Dubai’s Super-Luxury Real Estate Market Thrives, Led by Palm Jumeirah and Jumeirah Bay Island  -thumnail

Dubai’s Super-Luxury Real Estate Market Thrives, Led by Palm Jumeirah and Jumeirah Bay Island  

By Anusrita Ghosh 

PC: Construction Week Online  Ultra-luxury property market in Dubai experienced impressive growth in 2024, with Palm Jumeirah and Jumeirah Bay Island becoming the most favorite ultra-high-net-worth individual (UHNWIs) destinations. These

News

November 27, 2024

Fastex Expands Presence in MENA Region, Opens Dubai Office  -thumnail

Fastex Expands Presence in MENA Region, Opens Dubai Office  

By Anusrita Ghosh 

Web3 ecosystem and cryptocurrency exchange targets growth in UAE’s digital asset market. PC: sharikatmubasher.com  Fastex is one of the fast-emerging cryptocurrency exchanges and Web3 solution providers that have made official

News

November 27, 2024

First APAC Fund Signs AED 5 Billion MOU with Dubai’s AMIS Development  -thumnail

First APAC Fund Signs AED 5 Billion MOU with Dubai’s AMIS Development  

By Anusrita Ghosh 

Partnership to Boost AMIS Development’s Luxury Real Estate Portfolio. PC: Zawya First APAC Fund VCC, a renowned investment fund from Singapore, signed a Memorandum of Understanding to invest up to

News

November 26, 2024

UAE Construction Boom Spurs Hiring Surge Amidst Mega-Projects-thumnail

UAE Construction Boom Spurs Hiring Surge Amidst Mega-Projects

By Anusrita Ghosh 

The UAE is witnessing unprecedented construction. This boom has sent hiring into overdrive in the sector. Contractors and recruitment consultants report that with the right experience, project managers as well

News

November 26, 2024

Dh4 Million Penthouse Sets New Standard for Dubai Rent-thumnail

Dh4 Million Penthouse Sets New Standard for Dubai Rent

By Anusrita Ghosh

Over the past two years, the Dubai property market has seen a significant surge in high-end rental properties priced in multi-million dirhams. These ultra-luxury rentals are now an indispensable feature

News

November 25, 2024

Pantheon Development Celebrates Launch of One Central in Ras Al Khaimah  -thumnail

Pantheon Development Celebrates Launch of One Central in Ras Al Khaimah  

By Anusrita Ghosh

Pantheon Development, the leading real estate developer in Dubai, has announced that the launch event of One Central was a resounding success. One Central is a landmark mixed-use development in

News

November 25, 2024

Nasdaq Dubai Welcomes $2 Billion in Bonds from China’s Ministry of Finance-thumnail

Nasdaq Dubai Welcomes $2 Billion in Bonds from China’s Ministry of Finance

By Anusrita Ghosh

Significant Listing Strengthens UAE-China Financial Ties   PC: wam.ae Nasdaq Dubai has announced that two bonds totaling $2 billion were issued by China’s Ministry of Finance and listed on the exchange.

News

November 25, 2024

Dubai Funding Roundup: Key Investments and Funding Highlights -thumnail

Dubai Funding Roundup: Key Investments and Funding Highlights 

By Anusrita Ghosh

Dubai’s finance scene has witnessed considerable shifts lately, led by Talabat’s listing on the Dubai Financial Market (DFM) and some significant venture funding rounds from rising startups in the region.

News

November 23, 2024

UAE Introduces Know Your Customer Platform to Develop Financial Infrastructure-thumnail

UAE Introduces Know Your Customer Platform to Develop Financial Infrastructure

By Anusrita Ghosh 

Being a governmental initiative, the “Know Your Customer” (KYC) digital platform is an effort by the government of the UAE to transform its financial sector through transparency enhancement, strengthening compliance

News

November 23, 2024

LEOS Developments Breaks Ground on Knightsbridge: Dubai’s First Climate-Adaptive Wellness Community-thumnail

LEOS Developments Breaks Ground on Knightsbridge: Dubai’s First Climate-Adaptive Wellness Community

By Anusrita Ghosh 

LEOS Developments, a British-born international property developer of note, has launched what it claims is the first climate-adaptive wellness community in Dubai: Knightsbridge. The ceremony took place at Meydan District

Business

November 22, 2024

MAG Group Holding Announces AED 43.7 Billion Portfolio in Real Estate Projects-thumnail

MAG Group Holding Announces AED 43.7 Billion Portfolio in Real Estate Projects

By Anusrita Ghosh 

MAG Group Holding, a multinational conglomerate with a diversified portfolio across a number of sectors, has announced that the real estate subsidiaries have a pipeline of under development and future

Business

November 22, 2024

7X Partners with Etihad Credit Bureau to Access Advanced Credit Data Platform  -thumnail

7X Partners with Etihad Credit Bureau to Access Advanced Credit Data Platform  

By Anusrita Ghosh 

Enhancing Credit Assessment in Trade, Transport, and Logistics Etihad Credit Bureau, a leading credit reference agency, has signed a Memorandum of Understanding (MoU) with 7X, one of the largest trade,

Business

November 21, 2024

Dubai Chamber Builds Capabilities of 787 Emiratis Through ‘Create Apps in Dubai’ Initiative-thumnail

Dubai Chamber Builds Capabilities of 787 Emiratis Through ‘Create Apps in Dubai’ Initiative

By Anusrita Ghosh 

380% Year-Over-Year Growth Achieved in 2024   The Dubai Chamber of Digital Economy said that it has achieved major progress in supporting the growth and expansion of digital startups in the

Business

November 21, 2024

Dubai International Chamber Records Significant Growth in Q1-Q3 2024  -thumnail

Dubai International Chamber Records Significant Growth in Q1-Q3 2024  

By Anusrita Ghosh

Increase in Attracted Companies and Multinational Presence   Dubai International Chamber (DIC) has reported a significant surge in its performance during the first nine months of 2024, attracting 157 companies to

News

November 20, 2024

Mashreq and Landmark Retail Partner to Sign Qatar’s First Sustainability-Linked Loan  -thumnail

Mashreq and Landmark Retail Partner to Sign Qatar’s First Sustainability-Linked Loan  

By Anusrita Ghosh

A Doha-based bank, Mashreq, a well-established financial institution in the MENA region, has inked a Sustainability-Linked Facility agreement with Landmark Retail, a leading value conglomerate in the Middle East retail

Business

November 20, 2024

Dubai’s Rise as a Global Financial Hub: GFCI Ranking and Economic Ambitions-thumnail

Dubai’s Rise as a Global Financial Hub: GFCI Ranking and Economic Ambitions

By Anusrita Ghosh

Overview of Dubai’s Financial Evolution Since its establishment in 2004, the Dubai International Financial Centre (DIFC) has cemented itself as the financial hub of the Middle East. As a leader

News

November 20, 2024

DFM and Mbank Launch IPO Upgrade to Empower UAE Investors  -thumnail

DFM and Mbank Launch IPO Upgrade to Empower UAE Investors  

By Anusrita Ghosh 

Dubai Financial Market, in partnership with Al Maryah Community Bank (Mbank), launches IPO Upgrade, a new feature designed to enable investors by offering subscription leverage on selected Initial Public Offers

News

November 19, 2024

Emaar Properties and DWTC Unveil Expo Living at Expo City Dubai  -thumnail

Emaar Properties and DWTC Unveil Expo Living at Expo City Dubai  

By Anusrita Ghosh 

Emaar Properties and Dubai World Trade Centre (DWTC) have announced a joint venture to develop Expo Living, a residential masterplan located at Expo City Dubai. Its area is highly expansive,

Business

November 19, 2024

Talabat’s IPO on Dubai Financial Market Sells Out Within Minutes-thumnail

Talabat’s IPO on Dubai Financial Market Sells Out Within Minutes

By Anusrita Ghosh

Strong Investor Demand for Middle Eastern Food Delivery Service’s Public Offering. Delivery Hero’s food delivery platform focused on Middle Eastern cuisine, Talabat, has sold out its initial public offering (IPO)

Business

November 19, 2024

Fastmarkets Partners with Gulf Mercantile Exchange to Enhance Regional Commodities Market-thumnail

Fastmarkets Partners with Gulf Mercantile Exchange to Enhance Regional Commodities Market

By Anusrita Ghosh

Fastmarkets, one of the world’s largest cross-commodity price-reporting agencies, is pleased to announce a strategic partnership, through a Memorandum of Understanding (MOU) signed with the Gulf Mercantile Exchange (GME). The

Business

November 18, 2024

Amanat Records $21.38 Million Net Profit for First Nine Months of 2024-thumnail

Amanat Records $21.38 Million Net Profit for First Nine Months of 2024

By Anusrita Ghosh 

Amanat Holdings, listed on the Dubai Financial Market (DFM), posted net profits of AED 78.36 million during the first nine months of 2024. This represents a decrease from the AED

Business

November 18, 2024

MENA Sees Surge in M&A Activity with $71 Billion in Deals-thumnail

MENA Sees Surge in M&A Activity with $71 Billion in Deals

By Anusrita Ghosh 

UAE and KSA Lead Investments Amid Cross-Border and Domestic Growth.  The MENA region witnessed strong growth in M&A deals in the first nine months of 2024, with 522 deals worth

Business

November 18, 2024

Dubai’s Tourism Boom Fuels Growth in Forex Market  -thumnail

Dubai’s Tourism Boom Fuels Growth in Forex Market  

By Anusrita Ghosh 

Dubai, over the years, has emerged as a hotspot in global tourism, due to its strategic location, vibrant cultural offerings, and luxurious lifestyle. Dubai’s strategic location between Asia, Europe, and

Business

November 16, 2024

Dubai Weekly Funding Roundup: Key Investments and Startup Highlights (11th November – 16th November 2024)-thumnail

Dubai Weekly Funding Roundup: Key Investments and Startup Highlights (11th November – 16th November 2024)

By Anusrita Ghosh

The UAE is turning out to be a regional innovation and entrepreneurial hub, as startups in the UAE raise huge sums to scale up their operations. Startups based in the

Business

November 16, 2024

Natuzzi and Peace Homes Unveil the Natuzzi Harmony Residence in Dubai  -thumnail

Natuzzi and Peace Homes Unveil the Natuzzi Harmony Residence in Dubai  

By Anusrita Ghosh 

A Blend of Italian Heritage and Dubai’s Luxury Real Estate. As Pasquale Natuzzi, the Executive Chairman of Natuzzi Group, boasts with pride, Natuzzi Harmony Residence is a magnificent example of

Business

November 15, 2024

DAMAC Announces Mega Islands Development -thumnail

DAMAC Announces Mega Islands Development 

By Anusrita Ghosh

One of Dubai’s real estate giants, DAMAC Properties, has unveiled the grand new ‘DAMAC Island’ project under the umbrella of the massive Dubailand development, bringing a slice of the world’s

Business

November 15, 2024

UAE and GCC Anticipate Surge in Startup Funding Amid Interest Rate Shift-thumnail

UAE and GCC Anticipate Surge in Startup Funding Amid Interest Rate Shift

By Anusrita Ghosh 

The UAE and broader GCC region should experience a huge injection of funding into startups during the second half of 2024 and into 2025 as the shift in interest rates

Business

November 14, 2024

Dubai Investments Reports Robust Q3 2024 Performance and Strategic Growth Initiatives-thumnail

Dubai Investments Reports Robust Q3 2024 Performance and Strategic Growth Initiatives

By Anusrita Ghosh 

 Dubai Investments PJSC, one of the largest investment companies listed on the Dubai Financial Market, said it had posted a solid three months ended 30 September 2024 performance, with net

Business

November 14, 2024

Dubai-listed AMCREIT Seeks Regulatory Approval to Allow Foreign Investor Access-thumnail

Dubai-listed AMCREIT Seeks Regulatory Approval to Allow Foreign Investor Access

By Anusrita Ghosh 

Dubai’s AMCREIT Aims to Expand Portfolio with Healthcare Acquisitions, Triple Assets. Dubai-listed Al Mal Capital REIT (AMCREIT) aggressively pursues the bid to be allowed to open up foreign ownership up

Business

November 14, 2024

TechRound Launches Dubai32 Campaign Celebrating Emerging Startups in Dubai-thumnail

TechRound Launches Dubai32 Campaign Celebrating Emerging Startups in Dubai

By Anusrita Ghosh 

An Opportunity for Startups in Dubai’s Buzzing Tech Terrain TechRound, the UK’s leading startup and tech news platform, has launched its Dubai32 campaign featuring 32 of the most promising startups

Business

November 13, 2024

Dubai’s Salik Sees 9% Rise in Q3 Net Profit Driven by Business Expansion-thumnail

Dubai’s Salik Sees 9% Rise in Q3 Net Profit Driven by Business Expansion

By Anusrita Ghosh 

Strong Profit Growth in Q3 2024 Salik, the toll-gate operator of Dubai witnessed 9% net profit growth for Q3 2024 at AED 277.3 million, which was approximately $76 million in

News

November 13, 2024

Augmentum Fintech Leads $7 Million Funding Round for UAE-Based Pemo-thumnail

Augmentum Fintech Leads $7 Million Funding Round for UAE-Based Pemo

By Anusrita Ghosh

PC: Zawya Augmentum Fintech’s $4 Million Investment to Boost Pemo’s Expansion in the Middle East. This is fintech, which just disclosed today that it is leading a $7 million funding

Business

November 13, 2024

Dubai Chambers and Thai Chamber of Commerce Sign MoU to Boost Bilateral Trade and Investment-thumnail

Dubai Chambers and Thai Chamber of Commerce Sign MoU to Boost Bilateral Trade and Investment

By Anusrita Ghosh 

The Memorandum of Understanding was signed with the Thai Chamber of Commerce with the Dubai Chambers as a formal process. This will propel forward the aspects of boosting economic and

Business

November 12, 2024

CFI’s Q3 2024 Milestone Achievements Signal Unprecedented Growth-thumnail

CFI’s Q3 2024 Milestone Achievements Signal Unprecedented Growth

By Anusrita Ghosh

Record-Breaking Performance in Q3 2024 An online trading leader, CFI has recorded its best quarter in Q3 2024, following through with the promising momentum set in Q2 2024. The company’s

Business

November 12, 2024

Dubai’s Parkin Reports 5% Profit Increase Amid Revenue Surge-thumnail

Dubai’s Parkin Reports 5% Profit Increase Amid Revenue Surge

By Anusrita Ghosh 

Net Profit Exceeds Analysts’ Expectations The company in charge of operating public parking spaces within the emirate, Dubai’s Parkin has performed outstandingly well in its latest report, registering 104.7 million

Business

November 12, 2024

Dubai Real Estate Developer Damac Properties Expands into Luxury Airline Market with Damac Air-thumnail

Dubai Real Estate Developer Damac Properties Expands into Luxury Airline Market with Damac Air

By Anusrita Ghosh

Developer to Offer Exclusive Flights to Top Holiday Destinations Damac Properties is one of the largest private real estate developers in Dubai and plans to make a joint entry into

Business

November 11, 2024

DIFC Successfully Redeems $700 Million Sukuk, Affirming Financial Strength and Sustainable Strategy-thumnail

DIFC Successfully Redeems $700 Million Sukuk, Affirming Financial Strength and Sustainable Strategy

By Anusrita Ghosh 

Key Milestone in Sustainable Financing The Dubai International Financial Centre (DIFC) recently achieved a significant financial milestone by fully redeeming and repaying a $700 million sukuk on schedule. This successful

Business

November 11, 2024

Talabat to Offer 15% of It’s Stake to the Public-thumnail

Talabat to Offer 15% of It’s Stake to the Public

By Anusrita Ghosh 

Overview of IPO and Key Stakeholders Talabat Holding, a leading food delivery platform in the Middle East and a subsidiary of Delivery Hero (DHER.DE), is to raise its capital in

Business

November 11, 2024

Dubai Real Estate: Apartments Lead with $31.8 Billion in Q3 Transactions-thumnail

Dubai Real Estate: Apartments Lead with $31.8 Billion in Q3 Transactions

By Anusrita Ghosh 

Key Insights on Growth in Transactions, New Units, and Investor Demand. The last available statistics from Land Sterling show that Dubai’s property sector clocked more than 47,300 transactions in the

Business

November 9, 2024

Dubai Weekly Funding Roundup: 4th November – 9th November, 2024-thumnail

Dubai Weekly Funding Roundup: 4th November – 9th November, 2024

By Anusrita Ghosh 

Dubai’s investment ecosystem continues to boom as some of its companies in multiple sectors attract deep pocket funding. In this regard, some rich investments were made this past week for

Business

November 9, 2024

Spinneys Reports Record Revenue and Strong Profit Growth for Nine-Month Period Ending September 2024-thumnail

Spinneys Reports Record Revenue and Strong Profit Growth for Nine-Month Period Ending September 2024

By Anusrita Ghosh

Revenue Increases by 11.4% with Profit Before Tax Growing by 27.1%. Spinneys has come out with its nine-month results until 30th September 2024. It highlighted outstanding performance in revenue metrics

Business

November 8, 2024

Aditum Investment Management Limited Confirms the Launch of Two More DIFC Domiciled Funds-thumnail

Aditum Investment Management Limited Confirms the Launch of Two More DIFC Domiciled Funds

By Anusrita Ghosh

Launch of equity and Islamic multi-asset funds strengthens firm’s commitment to the UAE. The Aditum Global Access ICC Ltd platform has added two new funds to its DIFC-domiciled portfolio, launched

Business

November 8, 2024

Dubai Chamber of Digital Economy Hosts Digital Advocacy Workshop to Address Funding Gaps for Startups-thumnail

Dubai Chamber of Digital Economy Hosts Digital Advocacy Workshop to Address Funding Gaps for Startups

By Anusrita Ghosh

Dubai Chamber of Digital Economy, a division within Dubai Chambers, recently held a successful Digital Advocacy Workshop that focused on tackling the funding and investment challenges faced by digital startups.

Business

November 7, 2024

Dubai Real Estate Market Nears AED 500 Billion in Annual Sales Milestone-thumnail

Dubai Real Estate Market Nears AED 500 Billion in Annual Sales Milestone

By Anusrita Ghosh

Dubai real estate is likely to well surpass AED 500 billion in sales by the end of 2024 after recording a historic October that boosted year-to-date figures. The total sales

Business

November 7, 2024

Dubai’s Commercial Office Market Faces Big Rental Surge-thumnail

Dubai’s Commercial Office Market Faces Big Rental Surge

By Anusrita Ghosh

The commercial office market in Dubai continues to “touch the sky” in terms of historic high demand, with rising occupancy and rentals across key business districts. According to global real

Business

November 7, 2024

Lulu Retail Holdings Secures $1.72 Billion in UAE’s Largest IPO of the Year-thumnail

Lulu Retail Holdings Secures $1.72 Billion in UAE’s Largest IPO of the Year

By Anusrita Ghosh

Hypermarket operator Lulu Retail Holdings Plc had successfully raised US$1.72 billion, or RM7.49 billion, from its initial public offering in Abu Dhabi, placing it as the largest listing this year

Business

November 6, 2024

RAKBANK Partners with Paramount and Archer to Elevate Risk Management and Compliance-thumnail

RAKBANK Partners with Paramount and Archer to Elevate Risk Management and Compliance

By Anusrita Ghosh 

Strategic Partnership Introduces Integrated Risk Management Solution for Enhanced Operational Resilience. RAKBANK stated that it will enter into a strategic partnership with Paramount and Archer for an advanced Governance, Risk,

Business

November 6, 2024

Amlak Finance’s Q3 Net Profit Drops Five-Fold to AED 53 Million-thumnail

Amlak Finance’s Q3 Net Profit Drops Five-Fold to AED 53 Million

By Anusrita Ghosh 

Revenue Growth Outpaced by Rising Costs and Currency Impact. The bottom line at Amlak Finance came under severe hammering. Its net profit in the third quarter of 2024 was recorded

Business

November 6, 2024

LEOS Developments Announces $299 Million Kensington Gardens Project in Dubai’s Greenwood Community-thumnail

LEOS Developments Announces $299 Million Kensington Gardens Project in Dubai’s Greenwood Community

By Anusrita Ghosh

168 Luxury Units with Cutting-Edge Technology and Exclusive Design. British property developer LEOS Developments is launching Kensington Gardens, a super-prime residential community located within Nakheel’s enormous 3.95 million square metre

Business

November 5, 2024

UAE’s Non-Oil Sector Growth Slows in October Amid Softer Demand-thumnail

UAE’s Non-Oil Sector Growth Slows in October Amid Softer Demand

By Anusrita Ghosh

PMI Indicates Slower Growth as Job Creation and Selling Prices Fall. Non-oil business activity in the UAE increased further in October, though at a softer pace, the S&P Global UAE

Business

November 5, 2024

UAE’s Brands.io Secures Seed Funding Round 1 Month After Launch-thumnail

UAE’s Brands.io Secures Seed Funding Round 1 Month After Launch

By Anusrita Ghosh

Platform for AI-Focused Domain Names Draws Investor Support. Brands.io, a domain name provider for AI startups that boasts high-quality domain names, has secured seed funding only a month after its

Business

November 4, 2024

Dubai Chambers and DMCC Sign MoU to Boost Digital Investments-thumnail

Dubai Chambers and DMCC Sign MoU to Boost Digital Investments

By Anusrita Ghosh

Partnership to Enhance Dubai’s Status as a Global Digital Investment Hub. Dubai Chambers signed a Memorandum of Understanding with the Dubai Multi Commodities Centre (DMCC) in a move that seeks

Business

November 4, 2024

NorthLadder Secures $10 Million Series B Investment Led by tali Ventures-thumnail

NorthLadder Secures $10 Million Series B Investment Led by tali Ventures

By Anusrita Ghosh

NorthLadder is a device trade-in platform that has expanded its footprints into more than 10 countries. It has received $10 million in corporate venture capital from the firm tali ventures,

Business

November 4, 2024

UAE Becomes Global Magnet for Hedge Funds Embracing Digital Assets-thumnail

UAE Becomes Global Magnet for Hedge Funds Embracing Digital Assets

By Anusrita Ghosh 

Advanced regulatory frameworks and proactive crypto policies drive interest in the region. The United Arab Emirates continues to enhance its regulatory frameworks and embrace cryptocurrency investments, rapidly making it a

News

October 30, 2024

Binghatti Developers Launches Binghatti Skyrise in Dubai’s Business Bay-thumnail

Binghatti Developers Launches Binghatti Skyrise in Dubai’s Business Bay

By Anusrita Ghosh 

Binghatti Skyrise set to redefine luxury living in Dubai with a portfolio expansion target of AED 100 billion. PC: Construction Week Online Binghatti Developers has just unveiled its new luxury

News

October 30, 2024

Dubai Dedicates 46% of 2025 Budget to Infrastructure Development-thumnail

Dubai Dedicates 46% of 2025 Budget to Infrastructure Development

By Anusrita Ghosh 

PC: Arabian Business  The Dubai government recently introduced its three-year budget cycle 2025-2027, the emirate’s largest financial plan to date, with an estimate of AED 272 billion in projected expenditure

News

October 30, 2024

Dubai Chamber of Digital Economy Partners with Geneva Chamber of Commerce to Boost Private Sector Collaboration-thumnail

Dubai Chamber of Digital Economy Partners with Geneva Chamber of Commerce to Boost Private Sector Collaboration

By Anusrita Ghosh 

Dubai Chambers has one of its main institutions, the Dubai Chamber of Digital Economy, sign an MoU with Geneva Chamber of Commerce, Industry, and Services. The new strategic alliance will

News

October 29, 2024

Dubai’s Real Estate Boom: Why Global Millionaires Are Shifting Their Investments-thumnail

Dubai’s Real Estate Boom: Why Global Millionaires Are Shifting Their Investments

By Anusrita Ghosh 

Showeez Realty Brokerage Leads the Way for International Investors. PC: Arabian Business  Dubai has managed to hit a record high milestone in 2023 after it achieved a record residential transaction

News

October 29, 2024

LEOS Developments Unveils $7 Billion Investment Fund and New Projects in the UAE-thumnail

LEOS Developments Unveils $7 Billion Investment Fund and New Projects in the UAE

By Anusrita Ghosh 

Real Estate Firm Accelerates UAE Operations with Major Fund and Headquarters Relocation. LEOS Developments, a prominent real estate firm, has announced the launch of a $7 billion investment fund dedicated

News

October 29, 2024

Disrupt-X Partners with ORBCOMM to Enhance the ALEF IoT Platform Through Advanced Connectivity Solutions-thumnail

Disrupt-X Partners with ORBCOMM to Enhance the ALEF IoT Platform Through Advanced Connectivity Solutions

By Anusrita Ghosh 

Collaboration Aims to Enhance Capabilities in Asset Tracking, Monitoring, and Remote Management Across Industries. PC: Zawya Recently, the company partnered with ORBCOMM, a global leader in IoT connectivity. It will

News

October 28, 2024

Azizi Developments’ Vista in Dubai Studio City Over 75% Sold Out-thumnail

Azizi Developments’ Vista in Dubai Studio City Over 75% Sold Out

By Anusrita Ghosh 

Strong Demand Among International Buyers with Completion Set for Q2 2025. Azizi Developments, part of the top private developers in the UAE, released that the residential project is Azizi Vista,

News

October 28, 2024

Lulu Retail Holdings to Launch UAE’s Largest IPO of 2024, Aiming to Raise $1.43 Billion-thumnail

Lulu Retail Holdings to Launch UAE’s Largest IPO of 2024, Aiming to Raise $1.43 Billion

By Anusrita Ghosh

Lulu Retail Holdings, the owner of one of the largest hypermarket chains in the Middle East, will raise as much as 5.27 billion dirhams ($1.43 billion) from an initial public

News

October 28, 2024

Dubai Weekly Funding Roundup: Key Investments and Trends in the UAE Startup Ecosystem (21st October – 26th October, 2024)-thumnail

Dubai Weekly Funding Roundup: Key Investments and Trends in the UAE Startup Ecosystem (21st October – 26th October, 2024)

By Anusrita Ghosh

PC: PLAC Beam Dubai’s entrepreneurial landscape is gaining momentum, in recent funding rounds that reflect confidence among investors toward the region’s tech-enabled ecosystem. Meanwhile, its tech ecosystem remains a bright

News

October 26, 2024

P.0.B1 Properties Launches Debut Project Serenova in Dubai Silicon Oasis-thumnail

P.0.B1 Properties Launches Debut Project Serenova in Dubai Silicon Oasis

By Anusrita Ghosh 

New AED206m Residential Development to Address Demand for Urban Living in Key Growth Nodes. PC: Arabian Business  Dubai real estate landscape is set to welcome a new entrant as P.0.B1

News

October 26, 2024

Dubai’s Real Estate Soars to New Heights in 2024’s Third Quarter-thumnail

Dubai’s Real Estate Soars to New Heights in 2024’s Third Quarter

By Anusrita Ghosh 

Record-Breaking Transactions Showcase Unprecedented Market Boom. PC: Welsh Mum Dubai’s real estate has hit unprecedented highs this 2024, an extraordinary time for investors and homebuyers alike. A recent report by

News

October 25, 2024

ONE Development Launches AED 2 Billion Laguna Residence in Dubai’s City of Arabia-thumnail

ONE Development Launches AED 2 Billion Laguna Residence in Dubai’s City of Arabia

By Anusrita Ghosh

AI-Integrated Community Features Region’s Largest Lagoon and 40+ World-Class Amenities. PC: Arabian Business ONE Development, a boutique UAE-based real estate developer, has announced plans for its flagship project in the

News

October 25, 2024

Commercial Bank of Dubai Reports AED 2.23 Billion Net Profits in First Nine Months of 2024-thumnail

Commercial Bank of Dubai Reports AED 2.23 Billion Net Profits in First Nine Months of 2024

By Anusrita Ghosh 

PC: Zawya Record Net Profit Growth and Increased Operating Income The Commercial Bank of Dubai (CBD) announced net profits to the tune of AED 2.23 billion for the first nine

News

October 24, 2024

Mideast Stocks: Gulf Markets Dip Amid Regional Tensions, Dubai Index Rises-thumnail

Mideast Stocks: Gulf Markets Dip Amid Regional Tensions, Dubai Index Rises

By Anusrita Ghosh 

Most Gulf markets fall as geopolitical tensions persist; Dubai bucks the trend with gains. PC: MarketScreener Stock markets across the Gulf mostly saw declines during early trade on Thursday, as

News

October 24, 2024

Dubai’s Aviation Sector Set to Add $53 Billion to GDP by 2030-thumnail

Dubai’s Aviation Sector Set to Add $53 Billion to GDP by 2030

By Anusrita Ghosh 

PC: Emirates  The growth in the aviation sector of Dubai will continue to contribute multi-billions of money to the economy of the Emirates. The Emirates, estimated to have reached AED

News

October 24, 2024

Nasdaq Dubai Welcomes USD 500 Million Sukuk Listing by Dubai Islamic Bank-thumnail

Nasdaq Dubai Welcomes USD 500 Million Sukuk Listing by Dubai Islamic Bank

By Anusrita Ghosh 

PC: Emirates Islamic The Sukuk issuance strengthens DIB’s position in global Islamic finance and reinforces Nasdaq Dubai’s role as a hub for Sukuk listings. Nasdaq Dubai has announced the listing

News

October 23, 2024

Prypco Raises $10 Million in Seed Funding to Accelerate Growth-thumnail

Prypco Raises $10 Million in Seed Funding to Accelerate Growth

By Anusrita Ghosh 

Dubai-based proptech firm Prypco secures investment from Shorooq Partners and Apparel Group, aiming for significant expansion. PC: Zawya The proptech startup, Prypco, working in Dubai, managed to attract $10 million

News

October 23, 2024

Liferay and PwC Middle East Forge Strategic Partnership to Enhance Digital Experiences in the Region-thumnail

Liferay and PwC Middle East Forge Strategic Partnership to Enhance Digital Experiences in the Region

By Anusrita Ghosh 

A collaboration aimed at elevating customer engagement and digital transformation strategies. PC: Zawya Liferay, the global leader in digital experience platform solutions, partners with PwC Middle East, one of the

News

October 22, 2024

e& UAE Teams Up with ServiceNow and Quintica to Drive AI-Powered Digital Transformation and Revolutionise Operations-thumnail

e& UAE Teams Up with ServiceNow and Quintica to Drive AI-Powered Digital Transformation and Revolutionise Operations

By Anusrita Ghosh 

Partnership to modernise technology infrastructure, enhance customer experience, and improve agility. PC: Zawya e& UAE, a telecom industry leader, has announced a significant multi-year technology transformation program with ServiceNow, AI-powered

News

October 22, 2024

Medallion Associates Launches Institutional Investor Desk to Boost Dubai Real Estate-thumnail

Medallion Associates Launches Institutional Investor Desk to Boost Dubai Real Estate

By Anusrita Ghosh 

Masood Al Awar, CEO of Medallion Associates.  PC: Zawya Strategic initiative aligns with Dubai’s Real Estate Sector Strategy 2033 and the Dubai Economic Agenda D33. At a time when property

News

October 22, 2024

Pure Ice Cream to Boost Annual Production Capacity by 300% with AED 80 Million Facility at Dubai Industrial City-thumnail

Pure Ice Cream to Boost Annual Production Capacity by 300% with AED 80 Million Facility at Dubai Industrial City

By Anusrita Ghosh 

PC: Zawya Pure Ice Cream, the maker of Kwality Ice Creams and Hershey’s Ice Cream and other brands, announced that it inaugurated its first production facility in Dubai Industrial City.

News

October 21, 2024

Adar Poonawalla Acquires 50% Stake in Karan Johar’s Dharma Productions-thumnail

Adar Poonawalla Acquires 50% Stake in Karan Johar’s Dharma Productions

By Anusrita Ghosh 

Partnership to Bring New Heights in Indian Entertainment Industry. PC: MediaNews4U Business tycoon Adar Poonawalla’s company Serene Entertainment has acquired 50% stake in Karan Johar’s Dharma Productions and Dharmatic Entertainment

News

October 21, 2024

TECOM Group Completes Acquisition of Office Park in Dubai Intern inet City for AED 720 Million-thumnail

TECOM Group Completes Acquisition of Office Park in Dubai Intern inet City for AED 720 Million

By Anusrita Ghosh 

PC: Construction Week Online Strategic acquisition reinforces TECOM’s leadership in Dubai’s commercial real estate market. TECOM Group PJSC, listed on the Dubai Financial Market (DFM: TECOM), has successfully completed the

News

October 21, 2024

Calyx Fintrade Showcases Innovative Copy Trading Solutions at Dubai Forex Expo 2024-thumnail

Calyx Fintrade Showcases Innovative Copy Trading Solutions at Dubai Forex Expo 2024

By Anusrita Ghosh 

PC: LinkedIn  A Leading Financial Services Provider Draws Global Attention with Tailored Trading Solutions. The Dubai Forex Expo 2024 took place on 7th and 8th October at the World Trade

News

October 19, 2024

UAE Strengthens Position as a Leading Regional Hub for Start-Ups-thumnail

UAE Strengthens Position as a Leading Regional Hub for Start-Ups

By Anusrita Ghosh 

PC: Manara Magazine  The United Arab Emirates (UAE) has finally been established as one of the region’s leading start-up hubs because of its investment-friendly environment, lenient business policies, and legislation

News

October 19, 2024

Dubai Funding Roundup: Major Investments Fuel Innovation Across Key Sectors-thumnail

Dubai Funding Roundup: Major Investments Fuel Innovation Across Key Sectors

By Anusrita Ghosh 

PC: Office for Students  Dubai remains the sweet apple for investment and innovation, attracting global attention with a dynamic startup ecosystem and sweet policy. Funding activities this week feature the

News

October 19, 2024

UAE’s Non-Oil Economy Set for 4% Growth in 2025, Boosted by Rising Investment Inflows-thumnail

UAE’s Non-Oil Economy Set for 4% Growth in 2025, Boosted by Rising Investment Inflows

By Anusrita Ghosh

According to the ‘UAE Macro Outlook’ from the National Bank of Kuwait (NBK), the macro outlook for the Emirate’s economy is set to grow 4 per cent by 2025, as

Business

October 18, 2024

Dubai-based Gateway Partners Considering Sale of Tim Hortons Gulf Franchise Stake-thumnail

Dubai-based Gateway Partners Considering Sale of Tim Hortons Gulf Franchise Stake

By Anusrita Ghosh 

Dubai-based private equity firm evaluates divesting from the Canadian coffee chain after four years. A private equity firm based in Dubai, Gateway Partners, has resolved to offload its stake in

Business

October 18, 2024

Dubai Islamic Bank Launches ACCESS Auto Finance for People of Determination-thumnail

Dubai Islamic Bank Launches ACCESS Auto Finance for People of Determination

By Anusrita Ghosh

Pioneering inclusivity with tailored financing solutions and vehicle adaptations. ACCESS Auto Finance is a customised financial package launched by the largest Islamic bank in the UAE, Dubai Islamic Bank (DIB),

News

October 18, 2024

Korea IT Cooperation Centre UAE Launched at Dubai Internet City-thumnail

Korea IT Cooperation Centre UAE Launched at Dubai Internet City

By Anusrita Ghosh 

PC: PR Newswire KICC UAE marks South Korea’s first Middle East hub, bolsters tech cooperation at GITEX Global 2024. The National IT Industry Promotion Agency, an agency of the South

News

October 17, 2024

UAE’s e& Inks $1 Billion Cloud Partnership with AWS-thumnail

UAE’s e& Inks $1 Billion Cloud Partnership with AWS

By Anusrita Ghosh 

PC: MENAbytes A six-year agreement to drive digital transformation in healthcare, finance, oil, gas, and more. UAE-based telecom giant e& has signed a $1 billion partnership with Amazon Web Services

News

October 17, 2024

Emirates NBD Q3 Net Profit Flat Amid Higher Impairment Charges and Investments-thumnail

Emirates NBD Q3 Net Profit Flat Amid Higher Impairment Charges and Investments

By Anusrita Ghosh 

PC: Gulf Business  The Dubai-based bank reports unchanged net profit that misses analyst expectations, despite growth both in the asset base and in net interest income. Dubai’s largest bank by

News

October 17, 2024

Interactive Brokers Expands into the Middle East with New Office in DIFC, Dubai-thumnail

Interactive Brokers Expands into the Middle East with New Office in DIFC, Dubai

By Anusrita Ghosh

PC: Business Wire Aimed at Strengthening Regional Presence and Serving a Diverse Client Base. Interactive Brokers, the leading electronic trading firm, today announced it’s entry to the Middle East by

News

October 16, 2024

Decline in Affordable Housing Sales in Dubai Amid Developers’ Shift to Higher-End Properties-thumnail

Decline in Affordable Housing Sales in Dubai Amid Developers’ Shift to Higher-End Properties

By Anusrita Ghosh 

PC: Arabian Gulf Business Insight The affordable housing deals in Dubai have been dwindling gradually over the past six years. Many developers have focused on the higher end as it

News

October 16, 2024

Zoho Announces AED 46 Million Investment in UAE at GITEX Global-thumnail

Zoho Announces AED 46 Million Investment in UAE at GITEX Global

By Anusrita Ghosh

PC: UAE News 24/7 Zoho strengthens partnerships with public and private sectors, aiding over 7,000 UAE businesses in digital transformation. Zoho announced an investment of AED 46 million (US$ 12.5

News

October 16, 2024

Dubai Taxi Company Partners with Bolt to Launch E-Hailing Platform-thumnail

Dubai Taxi Company Partners with Bolt to Launch E-Hailing Platform

By Anusrita Ghosh

PC: Gulf News The collaboration aims to expand smart transportation services in Dubai and strengthen DTC’s position in the e-hailing sector. Dubai Taxi Company (DTC), which is quoted on the

News

October 15, 2024

The Luxury Real Estate Launches with Exclusive Dubai Event-thumnail

The Luxury Real Estate Launches with Exclusive Dubai Event

By Anusrita Ghosh 

New luxury real estate player sets sights on dominating Dubai’s high-end market, honouring top agents for record-breaking sales. PC: Zawya  The Luxury Real Estate has officially entered the booming luxury

News

October 15, 2024

InfraX and Dubai Media Partner to Enhance Digital Infrastructure-thumnail

InfraX and Dubai Media Partner to Enhance Digital Infrastructure

By Anusrita Ghosh

MoU signed to boost Dubai Media’s digital transformation efforts. PC: Zawya  In this regard, InfraX, a subsidiary of Digital DEWA-the digital subsidiary of Dubai Electricity and Water Authority (PJSC)-has signed

News

October 15, 2024

FasterCapital Announces Enhanced Fundraising Support for Startups-thumnail

FasterCapital Announces Enhanced Fundraising Support for Startups

By Anusrita Ghosh

FasterCapital Announces Enhanced Fundraising Support for Startups PC: Arabian Business  FasterCapital, an accelerator based in Dubai, has announced enhancements to its funding support services package offered to early stage startups

News

October 14, 2024

IN5 Start-up Funding Reaches AED 8 Billion, Driven by Dubai’s Pro-Innovation Policies-thumnail

IN5 Start-up Funding Reaches AED 8 Billion, Driven by Dubai’s Pro-Innovation Policies

By Anusrita Ghosh 

TECOM Group’s incubator showcases significant funding increase, spotlighting over 1,000 innovators at Expand North Star. PC: Dubai Holding Pro-innovation policies introduced in Dubai have enabled start-ups operating in TECOM Group

News

October 14, 2024

UAE’s EDGNEX Plans Over $1 Billion Investment in Data Centers Across Thailand-thumnail

UAE’s EDGNEX Plans Over $1 Billion Investment in Data Centers Across Thailand

By Anusrita Ghosh 

PC: The Pattaya News A Strategic Joint Venture in Digital Infrastructure One of the biggest joint ventures signed by Dubai-based EDGNEX Data Centers, a digital infrastructure business run by the

News

October 14, 2024

Yala Completes Seed Round co-led by Polychain Capital and Ethereal Ventures-thumnail

Yala Completes Seed Round co-led by Polychain Capital and Ethereal Ventures

By Anusrita Ghosh 

PC: NFTgators Co-led by Polychain Capital and Ethereal Ventures, Yala’s funding will accelerate the development of its modular protocol, expanding Bitcoin’s role in decentralised finance. Yala, a Dubai-based bitcoin liquidity

News

October 11, 2024

Damac Group Subsidiary to Invest $1 Billion in Thailand Data Center Project-thumnail

Damac Group Subsidiary to Invest $1 Billion in Thailand Data Center Project

By Anusrita Ghosh 

PC: Cloud Data Center Events Partnership with Proen Corp. to Drive Investment in AI and Cloud Infrastructure Edgnex Data Centers, a subsidiary of Dubai-based Damac Group, is investing around $1

News

October 11, 2024

Dubai Crypto Regulator Fines Seven Entities for Licensing and Marketing Violations-thumnail

Dubai Crypto Regulator Fines Seven Entities for Licensing and Marketing Violations

By Anusrita Ghosh 

Cease-and-Desist Orders and AED 100,000 Fines Issued Amid Regulatory Crackdown. PC: Dubai World Trade Centre  The Virtual Assets Regulatory Authority has fined seven entities for unlicensed operations in Dubai. This

News

October 10, 2024

Dubai Electronic Security Center Redefines Cloud Computing Security-thumnail

Dubai Electronic Security Center Redefines Cloud Computing Security

By Anusrita Ghosh 

Cloud Computing: A Foundation for Emerging Technologies Cloud computing remains an important catalyst for global digital transformation and a number of emerging technologies that are quite significant to the global

News

October 10, 2024

Dubai Chambers and Dubai Islamic Bank Sign MoU to Boost Banking Services for Businesses-thumnail

Dubai Chambers and Dubai Islamic Bank Sign MoU to Boost Banking Services for Businesses

By Anusrita Ghosh 

PC: GCC Business News Partnership to Support Local and Global Expansion of Dubai-based Companies Dubai Chambers signed a Memorandum of Understanding with Dubai Islamic Bank-DIB to further support banking services

News

October 10, 2024

Dubai Launches ‘Cashless Strategy’ to Drive Digital Payment Revolution-thumnail

Dubai Launches ‘Cashless Strategy’ to Drive Digital Payment Revolution

By Anusrita Ghosh 

Strategy aims for 90% digital transactions by 2026, boosting economic growth and fintech innovation. PC: ATM Marketplace In its bid to more substantially entrench Dubai as a global leader in

News

October 9, 2024

Alieus Hedge Fund Raises USD 5 Million in 30 Days, Breaks Records Following Dubai Event-thumnail

Alieus Hedge Fund Raises USD 5 Million in 30 Days, Breaks Records Following Dubai Event

By Anusrita Ghosh

Global investor interest intensifies as Alieus Hedge Fund disrupts the investment and networking industries. PC: Issuewire Alieus Hedge Fund received USD 5 million in just 30 days after its official

News

October 9, 2024

Dubai Islamic Bank Launches $500 Million AT1 Sukuk Offering-thumnail

Dubai Islamic Bank Launches $500 Million AT1 Sukuk Offering

By Anusrita Ghosh 

PC: Gulf News Initial Price Guidance Set at 5.750% for Six-Year Sukuk DIB, the largest Islamic lender in the United Arab Emirates, yesterday launched the bookbuilding process for a US$500m

News

October 9, 2024

UAE Approves Balanced Budget of 71.5 Billion Dirhams for 2025-thumnail

UAE Approves Balanced Budget of 71.5 Billion Dirhams for 2025

By Anusrita Ghosh 

PC: Arabian Business The United Arab Emirates cabinet has passed a balanced budget for the fiscal year 2025 of 71.5 billion dirhams ($19.47 billion), the state news agency WAM said

News

October 8, 2024

Dubai Holding to Establish Real Estate Investment Trust Amid Property Market Surge-thumnail

Dubai Holding to Establish Real Estate Investment Trust Amid Property Market Surge

By Anusrita Ghosh 

PC: Yahoo! Finance A real estate investment trust, or REIT, is in the pipeline from Dubai Holding to cash in on the growing demand in Dubai’s property market. It is

News

October 8, 2024

Reef Luxury Developments Launches in Dubai with Innovative Residential Projects-thumnail

Reef Luxury Developments Launches in Dubai with Innovative Residential Projects

By Anusrita Ghosh 

PC: Gulf Times Developer introduces the patented “Sunken Balcony” concept and aims for AED 14 billion in projects by 2025. New real estate developer in Dubai, Reef Luxury Developments, promises

News

October 7, 2024

UAE Exempts Investment Fund Management and Virtual Asset Services from VAT-thumnail

UAE Exempts Investment Fund Management and Virtual Asset Services from VAT

By Anusrita Ghosh 

PC: Bazaar Times Probably the biggest tax policy overhaul to hit the UAE so far includes exemption of investment fund management services and certain virtual asset-related services from the Value

News

October 7, 2024

UAE’s Startup Ecosystem Sees Substantial Growth, Raising $114.32 Million in September-thumnail

UAE’s Startup Ecosystem Sees Substantial Growth, Raising $114.32 Million in September

By Anusrita Ghosh 

PC: IBS Intelligence Strong Performance in Regional Startup Funding  In the UAE, in terms of growth in the startup ecosystem, September had a record period with companies securing $114.32 million

News

October 7, 2024

DAMAC Partners with Goldcrest Dubai and1Realty Nagpur to Highlight Dubai Properties-thumnail

DAMAC Partners with Goldcrest Dubai and1Realty Nagpur to Highlight Dubai Properties

By Anusrita Ghosh 

PC: Economic Times UAE A Unique Opportunity for Investors to Enter Dubai’s Real Estate Market DAMAC, the largest private real estate developer in Dubai, is ready to unveil its elite

News

October 5, 2024

Dubai Weekly Funding Roundup: Startups Secure Major Investments Across Sectors (30th September – 05th October, 2024) -thumnail

Dubai Weekly Funding Roundup: Startups Secure Major Investments Across Sectors (30th September – 05th October, 2024) 

By Anusrita Ghosh 

PC: Gallery Systems This week in Dubai, there were huge investments in the city, highlighting the living startup ecosystem with a focus on innovation in the Middle East and Africa.

News

October 5, 2024

Dubai Real Estate Market Achieves Record Quarterly Sales of $38.6 Billion-thumnail

Dubai Real Estate Market Achieves Record Quarterly Sales of $38.6 Billion

By Anusrita Ghosh 

PC: Arabian Post Historic Growth in Property Sales Sales in the real estate sector had gone to a record high of AED 141.9 billion, which translates to $38.6 billion, in

News

October 4, 2024

Salesforce Expands in Dubai to Drive AI Innovation and Customer Success in the UAE-thumnail

Salesforce Expands in Dubai to Drive AI Innovation and Customer Success in the UAE

By Anusrita Ghosh 

PC: Seeking Alpha Salesforce rang in the new year by opening its newest office in Dubai Internet City, UAE. It supports Salesforce’s ongoing commitment further to bolster AI innovation, customer

News

October 4, 2024

Mahindra Insurance Brokers Launches Reinsurance Division in Dubai to Expand into MENA Markets-thumnail

Mahindra Insurance Brokers Launches Reinsurance Division in Dubai to Expand into MENA Markets

By Anusrita Ghosh

PC: The Fintech Times New Reinsurance Hub in Dubai’s DIFC Mahindra Insurance Brokers, an insurance business group arm of Mahindra Finance, announced on Monday that its new reinsurance division would

News

October 4, 2024

Dubai’s Parkin Announces Maiden Dividend of AED 198.8 Million for H1 2024-thumnail

Dubai’s Parkin Announces Maiden Dividend of AED 198.8 Million for H1 2024

By Anusrita Ghosh 

PC: wam.ae Interim Cash Dividend Set for October Distribution The leading public parking service provider of Dubai is Parkin. The company had announced that it will disburse its first dividend

News

October 4, 2024

Dubai Chamber of Digital Economy Explores Strategies to Strengthen the Emirate’s Digital Economy-thumnail

Dubai Chamber of Digital Economy Explores Strategies to Strengthen the Emirate’s Digital Economy

By Anusrita Ghosh

PC: HiDubai Focus Annual Meeting Discusses Key Initiatives and Role in Achieving  D33 Goals The Dubai Chamber of Digital Economy recently conducted its annual Advisory Council. The meeting was primarily

News

October 3, 2024

Dubai Real Estate Analysts Reveal Optimistic Forecasts after 31% Surge in Property Sales-thumnail

Dubai Real Estate Analysts Reveal Optimistic Forecasts after 31% Surge in Property Sales

By Anusrita Ghosh

PC: Luxliving Real Estate  Investor-friendly policies, infrastructure expansion, and expatriate growth drive robust property market performance Record Growth in Property Sales The real estate market of Dubai attracted outstanding power

News

October 3, 2024

MAG Lifestyle Development Launches AED 350 Million MAG 777 in Dubai Sports City-thumnail

MAG Lifestyle Development Launches AED 350 Million MAG 777 in Dubai Sports City

By Anusrita Ghosh

PC: Zawya Prime Location and Active Lifestyle Appeal The AED 350-million state-of-the-art residential tower MAG 777 at Dubai Sports City’s lakefront area has been unveiled by MAG Lifestyle Development. The

News

October 3, 2024

Alieus Fund Makes a Splash with Dubai Launch Event-thumnail

Alieus Fund Makes a Splash with Dubai Launch Event

By Anusrita Ghosh 

PC: aninews.in With the new brand in the hedge fund market, Alieus Fund marked a milestone in its launch event at Dubai. This prominent gathering witnessed crème de la crème

News

October 1, 2024

Commercial Bank of Dubai to Issue Five-Year Dollar Bonds-thumnail

Commercial Bank of Dubai to Issue Five-Year Dollar Bonds

By Anusrita Ghosh

PC: Enterprise Egypt  The Commercial Bank of Dubai (CBD) will follow an investor meeting with the launch of a five-year dollar-denominated bond, reports Argaam. The exercise is one in a

News

October 1, 2024

Dubai Podcast Startup Podeo Raises $5.4M in Funding Round-thumnail

Dubai Podcast Startup Podeo Raises $5.4M in Funding Round

By Anusrita Ghosh 

Podeo aims to empower content creators with innovative tools as it seeks to tap into the booming global podcast market. PC: Rasmal The podcasting startup Podeo has secured $5.4 million

News

October 1, 2024

Dubai’s Empower to Refinance Loan of Dh2.75 Billion-thumnail

Dubai’s Empower to Refinance Loan of Dh2.75 Billion

By Anusrita Ghosh

Dubai-based district cooling company joins refinancing trend amid favourable rate cuts. PC: Economy Middle East Dubai-based district cooling provider Empower has filed for a proposal for refinancing a Dh2.75 billion

News

September 30, 2024

AI, Blockchain, and Regulatory Reforms to Transform UAE’s Insurance Sector-thumnail

AI, Blockchain, and Regulatory Reforms to Transform UAE’s Insurance Sector

By Anusrita Ghosh

PC: FortuneIndia With technologies such as AI and blockchain increasingly being adopted, the UAE’s insurance industry is in for a transformation that will not only improve efficiency but also enhance

News

September 30, 2024

Union Square House Real Estate Plays a Pivotal role in Shaping the Real Estate Sector-thumnail

Union Square House Real Estate Plays a Pivotal role in Shaping the Real Estate Sector

By Anusrita Ghosh

PC: Gulf News USH Achieves Continued Success Under Visionary Leadership Being one of the pioneers of the real estate sector in Dubai, Union Square House has delivered premium property solutions

News

September 30, 2024

Dubai’s CDS Decline Signals Fiscal Strength: CBUAE-thumnail

Dubai’s CDS Decline Signals Fiscal Strength: CBUAE

By Anusrita Ghosh

PC: www.centralbank.ae Dubai has demonstrated strong fiscal health and economic resilience, as reflected by a significant decrease in its Credit Default Swap (CDS) rates. The emirate’s CDS had declined from

News

September 28, 2024

Dubai Weekly Funding Roundup: Key Investments and Market Movements (23rd September – 28th September, 2024)-thumnail

Dubai Weekly Funding Roundup: Key Investments and Market Movements (23rd September – 28th September, 2024)

By Anusrita Ghosh

PC: Vestbee This week, Dubai is ensuring it holds its position as a pivotal platform of financial and technological innovation. Given the massive investments in clean energy, blockchain, climate tech,

News

September 28, 2024

Dubai Stocks Face Regional Challenges Following Surge to 10-Year Peak-thumnail

Dubai Stocks Face Regional Challenges Following Surge to 10-Year Peak

By Anusrita Ghosh

PC: Khaleej Times Dubai Financial Market Sees Strongest Quarter Since 2014 There was a rally in Dubai’s stock market, sending the benchmark into the best ranks of the world’s best-performing

News

September 27, 2024

AMIS Properties Awards Construction Contract for Woodland Residences-thumnail

AMIS Properties Awards Construction Contract for Woodland Residences

By Anusrita Ghosh

PC: Arabian Business Dar Al Aayan Contracting appointed for AED 425m Dubai luxury real estate project. AMIS Properties-the high-end real estate developer in Dubai-has appointed Dar Al Aayan Contracting to

News

September 27, 2024

Trusity Accredited as a Certified Incubator by Dubai SME-thumnail

Trusity Accredited as a Certified Incubator by Dubai SME

By Anusrita Ghosh

Rajani Nalla, Founder & CEO of Trusity with Abdul Baset Al Janahi, CEO of Dubai SME ‎with their teams PC: Gulf News Focus on Youth Entrepreneurship and Innovation Leading skill-tech

News

September 27, 2024

UAE Real Estate Market to Hit AED 2.5 Trillion by End of 2024: Off-Plan Market Leading Growth-thumnail

UAE Real Estate Market to Hit AED 2.5 Trillion by End of 2024: Off-Plan Market Leading Growth

By Anusrita Ghosh

PC: Mansion Global Off-plan sales have been going up since the beginning of the year 2024. According to QUBE Development, the real estate market in the UAE is expected to

News

September 26, 2024

VARA Updates Marketing Regulations for Virtual Asset Service Providers in Dubai-thumnail

VARA Updates Marketing Regulations for Virtual Asset Service Providers in Dubai

By Anusrita Ghosh

PC: TradeDog Strengthened Regulatory Framework to Ensure Transparency and Consumer Protection In this regard, the Virtual Assets Regulatory Authority, VARA, announced a major update in the marketing regulations formulated by

News

September 26, 2024

Capricorn Fund Managers Launches Regulatory Hosting Platform in Dubai-thumnail

Capricorn Fund Managers Launches Regulatory Hosting Platform in Dubai

By Anusrita Ghosh

PC: Brodie Consulting Group Capricorn Fund Managers Ltd, a group company based in London, said today that it was setting up a platform at the Dubai International Financial Centre (DIFC)

Investment & Funding

September 26, 2024

Dubai’s Hedge Fund Boom Lifts UAE’s Economic Growth-thumnail

Dubai’s Hedge Fund Boom Lifts UAE’s Economic Growth

By Anusrita Ghosh

PC: Medium Dubai’s fast growth in hedge funds is driving economic diversification in the UAE, as their efforts are pegged toward achieving the country’s national goals of positioning the city

Economy

September 25, 2024

Investec Expands to Dubai International Financial Centre, Extending Services to the Gulf Region-thumnail

Investec Expands to Dubai International Financial Centre, Extending Services to the Gulf Region

By Anusrita Ghosh

Opening of New Office to Serve High-Net-Worth Clients and Financial Institutions in the GCC PC: Arabian Business Investec, a leading global bank and wealth manager, announced that it has opened

News

September 25, 2024

Dubai-Based Ajeej Capital and Nuwa Capital Launch $100 Million Private Debt Fund for Tech-Focused Firms-thumnail

Dubai-Based Ajeej Capital and Nuwa Capital Launch $100 Million Private Debt Fund for Tech-Focused Firms

By Anusrita Ghosh

Amplify Growth Partnership Targets MENAT Region with Special Focus on GCC PC: Ajeeb Capital Dubai witnessed the launch of a $100 million private debt fund for growing technology-focused companies in

Investment & Funding

September 25, 2024

Dubai Partners with Amazon UAE to Launch Accelerator for SMEs-thumnail

Dubai Partners with Amazon UAE to Launch Accelerator for SMEs

By Anusrita Ghosh

DET and Amazon join forces to empower Dubai’s small and medium enterprises on a global scale. PC: Zawya The Dubai Department of Economy and Tourism has partnered with Amazon UAE

News

September 24, 2024

UAE-Based Climate Tech Startup Coral Secures $3 Million in Seed Funding-thumnail

UAE-Based Climate Tech Startup Coral Secures $3 Million in Seed Funding

By Anusrita Ghosh

PC: ZAWYA Innovative Solutions for Carbon Emission Management A leading climate-tech startup based in the UAE, which specialises in carbon emission management and offsetting solutions announced the successful closure of

Investment & Funding

September 24, 2024

Helix Labs Secures $2 Million in Pre-Seed Funding to Transform Cardano DeFi-thumnail

Helix Labs Secures $2 Million in Pre-Seed Funding to Transform Cardano DeFi

By Anusrita Ghosh

PC: Edge Middle East Blockchain company Helix Labs aims to unlock liquidity for Cardano, introducing innovative solutions for Layer 1 and Layer 3 DeFi ecosystems. Blockchain protocol firm Helix Labs

Investment & Funding

September 24, 2024

Altérra-Backed Climate Fund Raises $2.4 Billion to Boost Clean Energy in Emerging Markets-thumnail

Altérra-Backed Climate Fund Raises $2.4 Billion to Boost Clean Energy in Emerging Markets

By Anusrita Ghosh

PC: Business Wire  This fund, starting at the COP28, targets funding sustainable energy projects in almost all regions. The target for private capital is $250 billion by 2030. A climate-focussed

Investment & Funding

September 24, 2024

Meta and Dubai Future Foundation Launch Regional AI Accelerator, Llama Design Drive-thumnail

Meta and Dubai Future Foundation Launch Regional AI Accelerator, Llama Design Drive

By Anusrita Ghosh

Initiative to Boost AI Innovation in MENA Region through Startup Collaboration PC: Emeritus Meta and the Dubai Future Foundation have announced the Llama Design Drive, an AI accelerator program powered

News

September 23, 2024

Nakheel has Granted a Construction Contract Worth AED 1.8 Billion for the Development of Como Residences-thumnail

Nakheel has Granted a Construction Contract Worth AED 1.8 Billion for the Development of Como Residences

By Anusrita Ghosh

Nakheel of Dubai Holding Real Estate has awarded its largest contract to date in the value of AED 1.8 billion to ALEC Engineering & Contracting LLC, to enable them with

News

September 23, 2024

Arcapita and Dgpays Consortium Acquires Majority Stake in Neopay for $385 Million from Mashreq-thumnail

Arcapita and Dgpays Consortium Acquires Majority Stake in Neopay for $385 Million from Mashreq

By Anusrita Ghosh

Major investment in UAE’s leading digital payment provider highlights growth potential in the Middle East Arcapita Group Holdings Limited, a global alternative investment firm headquartered in Bahrain, and Dgpays, one

News

September 23, 2024

Samana, a Dubai-based Developer, has Invested $41 million to Establish a New Contracting Division-thumnail

Samana, a Dubai-based Developer, has Invested $41 million to Establish a New Contracting Division

By Anusrita Ghosh 

Anticipates Resource Constraints Amid Dubai’s Real Estate Grow Imran Farooq, CEO, Samana Developers PC: Zawya Initial Investment to Secure Resource Dubai-based Samana Developers said it had established a new contracting

Business

September 20, 2024

Roger Ferguson and Japan’s SBI Agree to Invest in Gateway Partners Group-thumnail

Roger Ferguson and Japan’s SBI Agree to Invest in Gateway Partners Group

By Anusrita Ghosh

Roger Ferguson  PC: Bloomberg SBI Holdings and Ferguson Acquire Minority Stakes This investment is a part of the burgeoning international interest in Dubai’s finance sector. SBI, managing US$187 billion in

Investment & Funding

September 20, 2024

PJT Partners Expands into the Middle East with Acquisition of deNovo Partners-thumnail

PJT Partners Expands into the Middle East with Acquisition of deNovo Partners

By Anusrita Ghosh

PC: Consultancy-me.com The acquisition marks PJT Partners’ formal entry into the Middle East with the opening of a Dubai office, reinforcing its global footprint PJT Partners Acquires deNovo Partners PJT

News

September 19, 2024

Alphabeta Properties Unveils Q-East: A Landmark Development in Al Quoz-thumnail

Alphabeta Properties Unveils Q-East: A Landmark Development in Al Quoz

By Anusrita Ghosh

New Mixed-Use Community to Feature Luxury Penthouses, Retail Spaces, and Entertainment Venues PC: Arabian Business Quite welcoming to the idea was Alphabeta Properties, a well-represented real estate firm in Dubai,

News

September 19, 2024

Cypher Capital Participates in $15 Million Seed Funding Round for Hemi Labs-thumnail

Cypher Capital Participates in $15 Million Seed Funding Round for Hemi Labs

By Anusrita Ghosh

A Dubai-based crypto investment firm joins prominent investors in backing blockchain networks aimed at unifying Bitcoin and Ethereum. PC: citybiz Cypher Capital’s Strategic Investment in Hemi Labs Dubai, UAE-based multi-strategy

News

September 19, 2024

Options Technology Expands Global Footprint with New Office in Dubai International Financial Centre (DIFC)-thumnail

Options Technology Expands Global Footprint with New Office in Dubai International Financial Centre (DIFC)

By Anusrita Ghosh

Global capital markets infrastructure leader strengthens presence in the Middle East with Dubai office opening. PC: Hossam Zakaria Options Technology, a leading global provider of capital markets infrastructure companies, today

News

September 18, 2024

Arqaam Capital Secures CMA Approval to Expand Operations in Saudi Arabia-thumnail

Arqaam Capital Secures CMA Approval to Expand Operations in Saudi Arabia

By Anusrita Ghosh

PC: www.arqaamcapital.com Dubai-based Arqaam Capital, one of the prominent investment banking houses focused on the Middle East and North Africa (MENA) region, has crossed another major milestone lately. The Saudi

News

September 18, 2024

Playbook Partners Eyes Middle East Expansion, Securing Investment Deals-thumnail

Playbook Partners Eyes Middle East Expansion, Securing Investment Deals

By Anusrita Ghosh

PC: Arabian Business Playbook Partners, the India-based growth capital fund, is about to further deepen its play in the Middle East. The firm is currently in hot negotiations with the

News

September 18, 2024

Algebra Receives Investment from V3V Ventures-thumnail

Algebra Receives Investment from V3V Ventures

By Anusrita Ghosh 

Dubai-based Algebra to boost its DEX offerings, targeting Uniswap v4 competition. PC: finsmes.com Algebra, the Dubai, UAE-headquartered company that specialises in decentralised exchange (DEX) engines, announced it has received investments

News

September 17, 2024

MySyara and Mobil UAE Launch Cloud Garages in the UAE-thumnail

MySyara and Mobil UAE Launch Cloud Garages in the UAE

By Anusrita Ghosh 

A partnership to revolutionise automotive servicing in the Middle East. PC: Zawya MySyara is a digital car servicing platform that has teamed up with the global leader in automotive lubricant,

News

September 17, 2024

FOREX.com to Attract in New Investors at Forex Expo Dubai 2024 Boosting UAE’s Economic Diversification-thumnail

FOREX.com to Attract in New Investors at Forex Expo Dubai 2024 Boosting UAE’s Economic Diversification

By Anusrita Ghosh

Global broker to attract Foreign Direct Investments and support UAE’s economic growth amid global challenges. Razan Hilal, Market Analyst, CMT at FOREX.com. PC: Zawya FOREX.com, a leading broker and a

News

September 17, 2024

LEOS Developments Launches Weybridge Gardens 3, The Alps Edition in Dubailand-thumnail

LEOS Developments Launches Weybridge Gardens 3, The Alps Edition in Dubailand

By Anusrita Ghosh

With a design for 208 luxury units, the Weybridge Collection of LEOS is scheduled to be done in Q3, 2026, and comes with special amenities. PC: Arabian Business Recently, LEOS

News

September 16, 2024

Emirates NBD Introduces Zero Transaction Fees for UAE Equity Investments-thumnail

Emirates NBD Introduces Zero Transaction Fees for UAE Equity Investments

By Anusrita Ghosh

PC: MEA Finance One of the MENAT (Middle East, North Africa and Türkiye) region’s leading banking groups, Emirates NBD has now announced a new initiative that, according to it, will

News

September 16, 2024

Capstone Technology Secures Dhs 20 Million for ‘GAYA’ Blockchain Project-thumnail

Capstone Technology Secures Dhs 20 Million for ‘GAYA’ Blockchain Project

By Anusrita Ghosh

First Funding Round Closed to Propel UAE’s Blockchain and AI Initiatives PC: cionews.co.in Capstone Technology is one of the leading companies in the UAE, focusing on blockchain and AI. The

News

September 16, 2024

Watermelon Ecosystem Partners with Deem Finance to Empower UAE’s F&B Sector-thumnail

Watermelon Ecosystem Partners with Deem Finance to Empower UAE’s F&B Sector

By Anusrita Ghosh

Strategic partnership offers tailored financial solutions to boost local food and beverage industry growth Written by- Anusrita Ghosh  PC: FOX40 Watermelon Ecosystem, a UAE-based startup, announced it had forged a

News

September 16, 2024

UAE to Develop First Green Aviation Technology Hub in Partnership with Volar Air Mobility-thumnail

UAE to Develop First Green Aviation Technology Hub in Partnership with Volar Air Mobility

By Anusrita Ghosh

PC: GCC Business News UAE Pushes for Sustainability in Aviation with New Green Aviation Hub The UAE is about to develop its very first Green Aviation Technology Hub, a quantum

News

September 14, 2024

Funding Roundup this Week : Key Investments and Emerging Trends in the Startup Ecosystem (09th September–14th September, 2024)-thumnail

Funding Roundup this Week : Key Investments and Emerging Trends in the Startup Ecosystem (09th September–14th September, 2024)

By Anusrita Ghosh

PC: Velocity Blog This week saw major news in both the UAE’s financial and fintech sectors, respectively, as the region inches closer toward being a global financial force. From the

News

September 14, 2024

Mashreq Bank Sells 65% Stake in NeoPay to Arcapita and Dgpays-thumnail

Mashreq Bank Sells 65% Stake in NeoPay to Arcapita and Dgpays

By Anusrita Ghosh

PC: Zawya Overview of the Deal Mashreq Bank, Dubai’s biggest lender, agreed to sell a 65 percent stake in NeoPay, a label under IDFAA Payments Services LLC. The stake buyers

News

September 13, 2024

Blackstone Considering Options for VFS Global Stake Sale-thumnail

Blackstone Considering Options for VFS Global Stake Sale

By Anusrita Ghosh

PC: Business Standard The private equity giant is weighing the possible sale or investment of its stake in the outsourcer of visa applications, VFS Global, pegged at a $7 billion

News

September 13, 2024

Porsche Services MEA and Dubai Islamic Bank Partner to Strengthen Automotive Financing Solutions in the UAE for their Customers -thumnail

Porsche Services MEA and Dubai Islamic Bank Partner to Strengthen Automotive Financing Solutions in the UAE for their Customers 

By Anusrita Ghosh

PC: Zawya Strategic Partnership Enhances Access to Luxury Vehicles Owning a Porsche has been made easier for those living in the United Arab Emirates through a strategic partnership between Porsche

News

September 12, 2024

ENBD REIT Reports 40% Decline in Q1 2024 FFO Amid Higher Provisions-thumnail

ENBD REIT Reports 40% Decline in Q1 2024 FFO Amid Higher Provisions

By Anusrita Ghosh

Real estate investment trust sees drop in funds from operations, slight rise in property portfolio value, and lower loan-to-value ratio. PC: Zawya Q1 2024 Funds from Operations Drop Significantly Nasdaq

News

September 12, 2024

Elite Group Holding Establishes as a Prominent Diversified Entity Based in the UAE-thumnail

Elite Group Holding Establishes as a Prominent Diversified Entity Based in the UAE

By Anusrita Ghosh

PC: Zawya Formation and Vision Elite Group Holding had proudly announced its inception as a UAE-based conglomerate, committed to excellence and innovation in multiple fields. It announced ambitious plans for

News

September 11, 2024

Dubai-based Sharaf Group to Boost Investments in India’s Logistics, Infrastructure, and Food Sectors-thumnail

Dubai-based Sharaf Group to Boost Investments in India’s Logistics, Infrastructure, and Food Sectors

By Anusrita Ghosh

PC: India Shipping News It said that Dubai-based Sharaf Group will further increase its presence in India’s logistics parks, infrastructure, and food businesses, as the country works toward being more

News

September 11, 2024

PDS Partners with HSBC Bank Middle East Ltd. on Sustainability-Linked Trade Financing in Dubai-thumnail

PDS Partners with HSBC Bank Middle East Ltd. on Sustainability-Linked Trade Financing in Dubai

By Anusrita Ghosh

PDS secures a major trade financing facility to support sustainability goals globally. PC: fibre2fashion A Milestone Partnership for PDS and HSBC PDS, the world’s leading fashion infrastructure platform, is proud

News

September 11, 2024

Contact Financial Holding Expands to Dubai, Launches ‘Contact Credit’ in UAE-thumnail

Contact Financial Holding Expands to Dubai, Launches ‘Contact Credit’ in UAE

By Anusrita Ghosh

PC: arqam.news Providing Financing and Insurance Services for Egyptians in the UAE Contact Financial Holding is the leading provider of non-banking financial services in Egypt. It began the era of

News

September 10, 2024

Digital Dubai and RIT Dubai Partner to Offer Advanced AI and Machine Learning Programs-thumnail

Digital Dubai and RIT Dubai Partner to Offer Advanced AI and Machine Learning Programs

By Anusrita Ghosh

PC: Digital Dubai Strategic Collaboration to Enhance AI Skills in Dubai’s Workforce Digital Dubai, a government-led initiative, has announced its strategic partnership with the Rochester Institute of Technology in Dubai,

News

September 10, 2024

Depa Secures $96 Million Contracts in Saudi Arabia-thumnail

Depa Secures $96 Million Contracts in Saudi Arabia

By Anusrita Ghosh

PC: SaudiGulf Projects Dubai-Based Fit-Out Company Expands Presence in Saudi Market Depa – the Dubai-based interior fit-out company – Monday announced two major contracts worth 360 million riyals ($96 million)

News

September 10, 2024

Aditum Investment Management Expands Global Access Platform with Three New Funds-thumnail

Aditum Investment Management Expands Global Access Platform with Three New Funds

By Anusrita Ghosh

PC: Zawya Launch of Three Additional Funds Aditum Investment Management Limited announced today that three new funds have been added to its flagship DFSA-regulated platform, Aditum Global Access ICC Ltd.

News

September 9, 2024

Dubai’s Financial Hub Sees Surge in Hedge Fund Presence-thumnail

Dubai’s Financial Hub Sees Surge in Hedge Fund Presence

By Anusrita Ghosh

PC: Bloomberg News Growth in Hedge Funds and Asset Managers in Dubai Dubai has further stepped up its role as an international financial centre. It was announced on September 9

News

September 9, 2024

Nasdaq Dubai Welcomes $400 Million Green Bond Issuance by Bank of China-thumnail

Nasdaq Dubai Welcomes $400 Million Green Bond Issuance by Bank of China

By Anusrita Ghosh

PC: Dubai Media Office Strengthening UAE-China Relations through Green Finance Nasdaq Dubai welcomed on Monday the listing of US$ 400 million Green Bonds issued by the Bank of China (Dubai

Investment & Funding

September 9, 2024

Refine Appointed as Official Representative for Fairmont Residences Solara Tower in Downtown Dubai-thumnail

Refine Appointed as Official Representative for Fairmont Residences Solara Tower in Downtown Dubai

By Anusrita Ghosh

PC: Metropolitan Premium Properties Luxury Meets Innovation in Dubai’s Latest Real Estate Collaboration Refine, the Dubai-based leading real estate development and management company, is proud to declare its appointment as

News

September 9, 2024

Luxury Villas in Fujairah’s Al Aqah Beach Unveiled by Future Cities and Emtelak Properties-thumnail

Luxury Villas in Fujairah’s Al Aqah Beach Unveiled by Future Cities and Emtelak Properties

By Anusrita Ghosh

PC: UAE News  Future Cities, in cooperation with Emtelak Properties, has announced an ultra-luxurious villa development named the “Ocean Living” project, situated on Al Aqah Beach in Fujairah. This newly

Business

September 7, 2024

Dubai Weekly Funding Roundup: Key Investments and Emerging Startups Fueling Growth (02nd September – 07th September, 2024)-thumnail

Dubai Weekly Funding Roundup: Key Investments and Emerging Startups Fueling Growth (02nd September – 07th September, 2024)

By Anusrita Ghosh

PC: Startup Stash This week, Dubai saw massive funding for several innovative startups, proving the city to be a thriving entrepreneurial hub. From a fintech, workforce management, and AI-driven dating

Investment & Funding

September 7, 2024

Dh1.2 Million Donation to Dubai Tenancy Dispute Center to Aid Financially Struggling Tenants-thumnail

Dh1.2 Million Donation to Dubai Tenancy Dispute Center to Aid Financially Struggling Tenants

By Anusrita Ghosh

PC: Khaleej Times Donation to Support Humanitarian Cases RDC is the judicial arm of Dubai Land Department and announced an AED 1.2 million donation that is to be benefited for

News

September 6, 2024

Beach Oasis by Azizi Developments Reaches 40% Construction Completion Milestone-thumnail

Beach Oasis by Azizi Developments Reaches 40% Construction Completion Milestone

By Anusrita Ghosh

PC: Zawya Progress and Milestones Azizi Developments, one of the private developers in the UAE, has announced that the construction for Beach Oasis in Dubai Studio City is now 40

News

September 6, 2024

Grath Expands into the Middle East with New Office in Dubai International Finance Centre-thumnail

Grath Expands into the Middle East with New Office in Dubai International Finance Centre

By Anusrita Ghosh

PC: Global Fintech Series Strategic Expansion to the Middle East Grath is an international leader in the provision of financial services and technology in regulatory compliance. The company has just

Finance

September 6, 2024

Ducab Metals Business Doubles Aluminium Production Capacity to Meet Global Demand-thumnail

Ducab Metals Business Doubles Aluminium Production Capacity to Meet Global Demand

By Anusrita Ghosh

Expansion Supports UAE’s Operation 300bn and Economic Diversification The subsidiary of the Ducab Group-Ducab Metals Business-announced on Tuesday a significant increase in its production capacity, saying it more than doubles

Business

September 5, 2024

Business Setup Worldwide Expands Global Reach and Expertise-thumnail

Business Setup Worldwide Expands Global Reach and Expertise

By Anusrita Ghosh 

Corporate service provider now operating in 30+ locations, enhancing support for entrepreneurs worldwide PC: Business Setup Worldwide(BSW)  Expansion into New Jurisdictions Business Setup Worldwide Services FZE has recently expanded its

Business

September 5, 2024

Dubai-based Tarabut Acquires London’s Payments Platform Vyne-thumnail

Dubai-based Tarabut Acquires London’s Payments Platform Vyne

By Anusrita Ghosh

Strategic Acquisition to Enhance Financial Services Across MENA and Beyond Tarabut, a UAE-based open banking platform, has successfully acquired Vyne, a London-headquartered account-to-account (A2A) payments platform, as part of its

Business

September 5, 2024

YouMatch Secures $1.5M in Seed Round, Pioneers AI-Driven Dating in Telegram Ecosystem-thumnail

YouMatch Secures $1.5M in Seed Round, Pioneers AI-Driven Dating in Telegram Ecosystem

By Anusrita Ghosh

PC: itnewsonline.com YouMatch is a next-generation AI-driven dating app, part of the Telegram Open Network, and today announced it has raised $1.5 million in Seed funding, in a round led

News

September 5, 2024

Loutraki International Invests AED 200 million in Dubai’s Real Estate Market Through the Santorini Residences Project-thumnail

Loutraki International Invests AED 200 million in Dubai’s Real Estate Market Through the Santorini Residences Project

By Anusrita Ghosh

Surge in International Real Estate Interest Since 2023, Dubai’s real estate sector has been dramatising nothing but an extraordinary renaissance. This is evidenced by the coming of international developers, and

Business

September 4, 2024

Bayut Launches TruBroker, Industry-first Recognition Programme to Elevate the Property Market-thumnail

Bayut Launches TruBroker, Industry-first Recognition Programme to Elevate the Property Market

By Anusrita Ghosh

Bayut, the UAE’s number one property portal, has launched TruBroker, a pioneering agent rewards and recognition program. It was specifically designed to make the UAE’s property search more competitive by

Business

September 4, 2024

Cercli Raises $4 Million in Seed Round to Recast Payroll Management Across MENA Led by Afore Capital-thumnail

Cercli Raises $4 Million in Seed Round to Recast Payroll Management Across MENA Led by Afore Capital

By Anusrita Ghosh

Dubai-based Cercli is a single modern platform for hiring, managing, and paying one’s worldwide workforce, becoming the go-to for firms across the MENA region. The company has successfully closed a

Business

September 4, 2024

Dubai Property Market Sees Strong August Performance with AED 47.3 Billion in Sales-thumnail

Dubai Property Market Sees Strong August Performance with AED 47.3 Billion in Sales

By Anusrita Ghosh

Robust Growth in Sales Volume and Value August was another strong month for Dubai’s real estate market, with property sales reaching AED 47.3 billion, up 40.8% compared to August 2023.

Business

September 3, 2024

Klumi Ventures and DWF Labs Partner to Boost UAE’s Web3 Ecosystem-thumnail

Klumi Ventures and DWF Labs Partner to Boost UAE’s Web3 Ecosystem

By Anusrita Ghosh

Strategic Partnership to Advance UAE’s Digital Transformation Klumi Ventures, an Abu Dhabi-based first regulated Web3 Venture Capital and Fund Manager enters into a strategic partnership with DWF Labs, a new

Business

September 3, 2024

Ziina Secures $22 Million in Series A Funding, Expands SME Offerings in the UAE-thumnail

Ziina Secures $22 Million in Series A Funding, Expands SME Offerings in the UAE

By Anusrita Ghosh

Dubai-based fintech startup Ziina, a pioneer in payment solutions, has raised $22 million in its Series A funding round led by Altos Ventures. The company, founded in 2020, has grown

Business

September 3, 2024

iACCEL GBI Partners with Angels Den Funding to Expand into UK and Europe-thumnail

iACCEL GBI Partners with Angels Den Funding to Expand into UK and Europe

By Anusrita Ghosh

Strategic Collaboration with Europe’s Largest Angel-Led Finance Platform iACCEL GBI is one of the leading go-to-market accelerators supported by the Dubai government, while it has just entered into a major

Business

September 2, 2024

Unique Properties Enhances its Leadership Team to Drive Growth in the Secondary Market Strategy-thumnail

Unique Properties Enhances its Leadership Team to Drive Growth in the Secondary Market Strategy

By Anusrita Ghosh

Award-Winning Agency Strengthens Leadership Team for Market Growth One of Dubai’s leading real estate consultancies, Unique Properties, which boasts more than 16 years in the business, is expanding into the

Business

September 2, 2024

DP World Expands in China with Acquisition of Cargo Services Far East Ltd.-thumnail

DP World Expands in China with Acquisition of Cargo Services Far East Ltd.

By Anusrita Ghosh

Dubai’s DP World buys Hong Kong-based logistics company Dubai-based global port operator DPW has reached another strategic milestone through acquiring the Hong Kong-based Cargo Services Far East Ltd as a

News

September 2, 2024

Dubai’s Weekly Funding Roundup: Key Investments and Startup Successes (26th August – 31st August, 2024)-thumnail

Dubai’s Weekly Funding Roundup: Key Investments and Startup Successes (26th August – 31st August, 2024)

By Anusrita Ghosh

This week saw a host of innovative companies raise substantial funding in Dubai, acting as a superb signal of the dynamic startup ecosystem to be found in the city. Ranging

Business

August 31, 2024

FasterCapital Honors Emirati Women’s Day 2024 with Funding Round for UAE Female Entrepreneurs-thumnail

FasterCapital Honors Emirati Women’s Day 2024 with Funding Round for UAE Female Entrepreneurs

By Anusrita Ghosh 

In Honor of Emirati Women’s Day 2024, Funding Round Aims to Support Female-Led Startups In celebration of Emirati Women’s Day 2024, FasterCapital is excited to unveil a dedicated funding round

Business

August 31, 2024

ANAX Holding Aligns with Dubai 2040 Urban Master Plan: A Visionary Approach to Urban Development-thumnail

ANAX Holding Aligns with Dubai 2040 Urban Master Plan: A Visionary Approach to Urban Development

By Anusrita Ghosh 

Introduction UAE-based ANAX Holding is eyeing the alignment of its future development plans with Dubai’s 2040 Urban Master Plan. Satish Sanpal, Chairman of ANAX Holding Company said that as the

Business

August 30, 2024

Gold Prices Dip in Dubai, Stay Above Dh300 Per Gram-thumnail

Gold Prices Dip in Dubai, Stay Above Dh300 Per Gram

By Anusrita Ghosh 

Market Opening Prices The price of gold experienced a slight decline when the market opened in Dubai on Friday. As of 9 am UAE time, the price of 22K gold

Business

August 30, 2024

Al Ramz Investment Maintains an ‘Overweight’ Rating on Salik, Driven by Strong Growth Expectations and it’s Stable Dividend Policy-thumnail

Al Ramz Investment Maintains an ‘Overweight’ Rating on Salik, Driven by Strong Growth Expectations and it’s Stable Dividend Policy

By Anusrita Ghosh

Salik Revises Revenue Guidance, Sees Stock Surge The share price of Salik, Dubai’s road tolls operator, has surged almost 10% since Wednesday after an upward revision of its revenue guidance.

Business

August 30, 2024

The Dubai Financial Services Authority Approved 61 New Companies During the First Half of 2024-thumnail

The Dubai Financial Services Authority Approved 61 New Companies During the First Half of 2024

By Anusrita Ghosh 

Enhancing Dubai’s Financial Hub There have been impressive achievements with regard to the global status of the Dubai Financial Services Authority (DFSA) in the first six months of 2024, stepping

Business

August 29, 2024

Smart Zone Fuels UAE’s Entrepreneurial Boom with Over 1,200 New Companies in 2024-thumnail

Smart Zone Fuels UAE’s Entrepreneurial Boom with Over 1,200 New Companies in 2024

By Anusrita Ghosh

Leading Business Setup Company Plays a Pivotal Role in UAE’s Economic Diversification Unprecedented Growth in 2024 So far in the first half of 2024, Smart Zone has assisted in establishing

Business

August 29, 2024

Dubai AI Campus and Google Cloud Partner to Boost Startup Ecosystem-thumnail

Dubai AI Campus and Google Cloud Partner to Boost Startup Ecosystem

By Anusrita Ghosh 

Collaboration Aims to Accelerate AI Innovation and Growth in the Region In a bid to further grow Dubai’s startup community in the Middle East, Dubai AI Campus at DIFC Innovation

Business

August 29, 2024

Cypher Capital Leads $3.5 Million Seed Round for Decentralised Lending Protocol Echelon-thumnail

Cypher Capital Leads $3.5 Million Seed Round for Decentralised Lending Protocol Echelon

By Anusrita Ghosh

Investment Firm Supports Echelon’s Vision for Capital-Efficient DeFi Solutions In a significant move within the decentralised finance (DeFi) space, Dubai-based Cypher Capital, a multi-strategy crypto investment firm, has announced its

Business

August 28, 2024

TCW Group Expands Global Footprint with New Dubai Office-thumnail

TCW Group Expands Global Footprint with New Dubai Office

By Anusrita Ghosh

New Office to Serve Sovereign and Institutional Clients in the Middle East TCW Group, Inc., a global asset manager and investment management leader, is expanding into the Middle East with

Business

August 28, 2024

Salik Expects Revenue Growth of 7-8% in 2024 with New Toll Gates Launch-thumnail

Salik Expects Revenue Growth of 7-8% in 2024 with New Toll Gates Launch

By Anusrita Ghosh

Dubai-listed road toll operator Salik has increased its revenue growth forecast for 2024 to 7-8 percent following the opening of two new toll gates worth AED 2.734 billion ($646 million).

Business

August 28, 2024

Nuwa Capital Anticipates an Increase in Early-stage Deal Volumes in the GCC, with Startups Expected to Concentrate on Capital Market Opportunities-thumnail

Nuwa Capital Anticipates an Increase in Early-stage Deal Volumes in the GCC, with Startups Expected to Concentrate on Capital Market Opportunities

By Anusrita Ghosh 

Dubai-Based Venture Capital Firm Plans to Deploy $30 Million in the Coming Months Dubai-based venture capital firm Nuwa Capital is preparing for the long-overdue boom in GCC region capital markets

Business

August 28, 2024

Dubai’s Rise as a Global Hub for Hedge Fund Traders, Supported by Writer Relocations-thumnail

Dubai’s Rise as a Global Hub for Hedge Fund Traders, Supported by Writer Relocations

By Anusrita Ghosh

UAE Emerges as a Prime Destination for Hedge Fund Traders Dubai, UAE –The United Arab Emirates is one of the fastest-growing destinations in favor among hedge fund traders and financial

Business

August 27, 2024

Emirates REIT Considers Refinancing Options Including New sukuk-thumnail

Emirates REIT Considers Refinancing Options Including New sukuk

By Anusrita Ghosh 

Profitability Affected by Rising Costs and Interest Rates In order to help refinance Emirates REIT after a tough financial period in the first half of 2024, the Dubai-based fund is

Business

August 27, 2024

UAE Web3 Streaming Platform ‘myco’ Raises $10 Million in Series A Funding-thumnail

UAE Web3 Streaming Platform ‘myco’ Raises $10 Million in Series A Funding

By Anusrita Ghosh

Major Investors from MENA, North America, and Europe Back Dubai-Based Platform Dubai-based Web3 streaming platform, myco, has successfully raised $10 million in the first closing of its Series A funding

Business

August 27, 2024

UAE’s Hodler Investments Launches $500 Million Digital Energy Fund-thumnail

UAE’s Hodler Investments Launches $500 Million Digital Energy Fund

By Anusrita Ghosh

Targeting Middle East, Africa, and North America Markets, the Fund Aims for Sustainable Energy Innovation The UAE-based Hodler Investments, headquartered at Dubai Silicon Oasis, announced that it would develop the

Business

August 27, 2024

Dubai to Host Largest Startup Event ‘Expand North Star 2024’ with Record European Participation-thumnail

Dubai to Host Largest Startup Event ‘Expand North Star 2024’ with Record European Participation

By Anusrita Ghosh

Europe and UK Lead Record Participation Expand North Star—the world’s largest start-up event—returns from October 13-16, 2024, to the iconic Dubai Harbour. The 9th edition will be the biggest yet

News

August 26, 2024

Azizi Developments Partners with Larsen & Toubro for MEP Isolators Across Major Dubai Projects-thumnail

Azizi Developments Partners with Larsen & Toubro for MEP Isolators Across Major Dubai Projects

By Anusrita Ghosh

Partnership Overview and Significance UAE developer Azizi Developments has partnered with multinational conglomerate Larsen & Toubro as suppliers of MEP isolators that are of superior quality. The union will impact

Business

August 26, 2024

Powder Beauty Secures Pre-Series A Funding-thumnail

Powder Beauty Secures Pre-Series A Funding

By Anusrita Ghosh

Female-Led Startup Strengthens Market Position in Clean Beauty Dubai-based Powder Beauty has secured undisclosed pre-Series A funding led by Wharton Alumni Angel Network-based Sophia Collective and NKHEL, founded by Nithin

News

August 26, 2024

Startup Maalexi: Enhancing Food Security in the UAE through Agricultural Technology-thumnail

Startup Maalexi: Enhancing Food Security in the UAE through Agricultural Technology

By Anusrita Ghosh

Maalexi is an agritech start-up that was founded in 2021, headquartered in Dubai, Abu Dhabi, and the US, by Azam Pasha and Rohit Majhi. It would focus on food security

Business

August 26, 2024

UAE Non-Oil Foreign Trade Reaches Record AED 1.4 Trillion in H1 2024-thumnail

UAE Non-Oil Foreign Trade Reaches Record AED 1.4 Trillion in H1 2024

By Anusrita Ghosh

Surging Exports and Ambitious Targets The United Arab Emirates set yet another record in the foreign trade of non-oil during the first half of 2024, amounting to as much as

Business

August 26, 2024

Dubai Funding Roundup Report: Weekly Insights and Investment Highlights (19th August – 24th August, 2024)-thumnail

Dubai Funding Roundup Report: Weekly Insights and Investment Highlights (19th August – 24th August, 2024)

By Anusrita Ghosh

Welcome to this week’s funding roundup, highlighting significant investments and innovative ventures in Dubai and beyond. This edition features Qubit Capital’s groundbreaking fintech platform and Space Intelligence’s climate-focused technology, showcasing

News

August 24, 2024

Qubit Capital Disrupts Global Funding Landscape with AI-Powered Matchmaking Platform-thumnail

Qubit Capital Disrupts Global Funding Landscape with AI-Powered Matchmaking Platform

By Anusrita Ghosh

A Game-Changer for Startup Funding Qubit Capital is one of the companies pioneering in FinTech, trying to digitise how startups meet with investors using its AI-driven matchmaking platform. As of

Business

August 23, 2024

Sav Launches MyMoney: A New Tool to Empower UAE Residents with Financial Insights-thumnail

Sav Launches MyMoney: A New Tool to Empower UAE Residents with Financial Insights

By Anusrita Ghosh

Dubai-based FinTech company Sav announced the launch of its first-of-a-kind feature, MyMoney, to meet the urgent demand of mass-affluent UAE residents for keeping financial health in check. Accessible through the

Business

August 23, 2024

Ayana Holding Launches Amaal to Revolutionise Urban Living in the UAE-thumnail

Ayana Holding Launches Amaal to Revolutionise Urban Living in the UAE

By Anusrita Ghosh

Ayana Holding is an intuitive network of companies at the forefront of construction, architectural design, infrastructure, and real estate sales and based in UAE. They have just launched a new

Business

August 23, 2024

Dubai Business Forum – China: Emirati Companies Based in Dubai have Invested $1.4 billion in China Over the Past Eight Years-thumnail

Dubai Business Forum – China: Emirati Companies Based in Dubai have Invested $1.4 billion in China Over the Past Eight Years

By Anusrita Ghosh 

Dubai Business Forum – China Highlights Growing Bilateral Investments and Emerging Sectors Emirati companies based in Dubai have invested a total of $1.4 billion in China from 2015 to 2023,

Business

August 22, 2024

TECOM Group to Invest AED 340 Million in Dubai Internet City’s Innovation Hub Phase 3-thumnail

TECOM Group to Invest AED 340 Million in Dubai Internet City’s Innovation Hub Phase 3

By Anusrita Ghosh 

TECOM Group, the UAE’s pioneer business park operator, announces the major additional investment of AED 340 million (USD 93 million) in the wired city’s leading Grade A adaptive, sustainable office

Business

August 22, 2024

Atlys Expands it’s Global Footprint, Enters UAE Market-thumnail

Atlys Expands it’s Global Footprint, Enters UAE Market

By Anusrita Ghosh

Travel-tech Startup Streamlines Visa Applications with Innovative Digital Solutions Atlys, the pioneering travel tech startup, has officially taken its services down to the United Arab Emirates, making a momentous stride

Business

August 21, 2024

Dubai 2040 Urban Master Plan: 3DXB Group Pioneers Sustainable Urban Development-thumnail

Dubai 2040 Urban Master Plan: 3DXB Group Pioneers Sustainable Urban Development

By Anusrita Ghosh

Innovative Solutions Align with Dubai’s Vision for a Greener, More Livable City In furtherance of the ambitious Dubai 2040 Urban Master Plan to increase the Emirate’s population by 75 percent

Business

August 21, 2024

Dar Global PLC Partners with Rothschild & Co. to Explore Acquisitions and Joint Ventures in London and Saudi Arabia-thumnail

Dar Global PLC Partners with Rothschild & Co. to Explore Acquisitions and Joint Ventures in London and Saudi Arabia

By Anusrita Ghosh

Dubai-based Luxury Real Estate Developer Aims for Expansion in Key Markets Dar Global PLC, the Dubai-based Luxury Real Estate Developer, made an important announcement on Tuesday. The firm has mandated

Business

August 21, 2024

Sustainable Mobility Start-up, E Daddy Secures $15mln Funding-thumnail

Sustainable Mobility Start-up, E Daddy Secures $15mln Funding

By Anusrita Ghosh

PC: ZAWYA Based in Dubai, E-Daddy is poised to bring significant changes to the United Arab Emirates’ EV sector, with new benchmarks in urban mobility. As the first firm to

Investment & Funding

August 20, 2024

Significant Increase in Blockchain and Crypto Job Opportunities in UAE’s Fintech Industry, According to ADGM Report-thumnail

Significant Increase in Blockchain and Crypto Job Opportunities in UAE’s Fintech Industry, According to ADGM Report

By Anusrita Ghosh

PC: LinkedIn Fintech’s Transformative Impact Digital transformation is shaking the very foundations of the financial sector, with fintech—short for financial technology—at the forefront. Inventions in FinTech, such as digital wallets

Industry

August 20, 2024

Dubai: A Beacon of Prosperity Amidst Regional Turmoil-thumnail

Dubai: A Beacon of Prosperity Amidst Regional Turmoil

By Anusrita Ghosh 

Economic Resilience and Growth This rise to fame of prosperity amidst the turmoil within the Middle East makes Dubai stand out as one of the secure and stable destinations. The

Business

August 17, 2024

Weekly Funding Roundup Report of Dubai: 12th August to 17th August, 2024-thumnail

Weekly Funding Roundup Report of Dubai: 12th August to 17th August, 2024

By Anusrita Ghosh 

Welcome to this week’s funding round-up, covering recent investment trends and the latest notable deals in Dubai, United Arab Emirates. July-August 2024 dramatically brings a surge in funding, with huge

Business

August 17, 2024

ENBD REIT Divests Remraam Towers, Lowering LTV to 49.4%-thumnail

ENBD REIT Divests Remraam Towers, Lowering LTV to 49.4%

By Anusrita Ghosh 

Sale of Remraam Residential Towers ENBD REIT announced the sale of its Remraam residential assets. The transaction was completed at a slight premium to the current market value on March

Business

August 17, 2024

The Dubai Financial Market has Signed a Memorandum of Understanding with the Shenzhen Stock Exchange-thumnail

The Dubai Financial Market has Signed a Memorandum of Understanding with the Shenzhen Stock Exchange

By Anusrita Ghosh 

In a key step toward financial market integration across borders, Dubai Financial Market and Shenzhen Stock Exchange signed an MoU that aims to facilitate cross-border trading and investment between the

Business

August 16, 2024

Makyee Launches a Digital Platform for Real Estate Transactions in Dubai-thumnail

Makyee Launches a Digital Platform for Real Estate Transactions in Dubai

By Anusrita Ghosh

Introduction of Makyee’s Cutting-Edge Platform Makyee’s technology-based digital platform is going to revolutionise the real estate landscape in Dubai. Led by founder Amin Makhlouf, Makyee aspires to totally change the

Business

August 16, 2024

UAE FinTech Yuze Secures $30m to Fuel International Expansion-thumnail

UAE FinTech Yuze Secures $30m to Fuel International Expansion

By Anusrita Ghosh

Overview of Yuze and Recent Investment Yuze, a Dubai, UAE-based Fintech that focuses on services for Small and Medium-sized Enterprises (SMEs), has closed a $30 million deal from investors. The

Business

August 16, 2024

Watania International Holding Reports Strong First Half of 2024 with Positive Financial Performance-thumnail

Watania International Holding Reports Strong First Half of 2024 with Positive Financial Performance

By Anusrita Ghosh 

Robust Financial Performance Watania International Holding PJSC (DFM: WATANIA; ‘WIH’ or the ‘Company’) has announced a remarkable turn-around in its financial performance for the first half of 2024. In that

News

August 14, 2024

VeriEstate Set to Launch as Dubai’s Leading Proptech Startup with an Innovative Platform for Property Inspections and Listings-thumnail

VeriEstate Set to Launch as Dubai’s Leading Proptech Startup with an Innovative Platform for Property Inspections and Listings

By Anusrita Ghosh

Dubai-based proptech startup VeriEstate will raise the benchmark real estate landscape with its all-in-one property assessment platform. Being registered within DIFC’s Innovation Hub, which is the largest in the region,

Business

August 14, 2024

Salik Announces $149 Million Net Profit for First Half of 2024 with Significant Revenue and Profit Growth-thumnail

Salik Announces $149 Million Net Profit for First Half of 2024 with Significant Revenue and Profit Growth

By Anusrita Ghosh

Salik, Dubai’s largest toll operator, has released its financial results today for the first half of 2024, which is nothing short of stunning. The company has seen a net profit

Business

August 14, 2024

Yalla Group’s First Half Revenue Increases by 4.7% to AED 587.3 Million-thumnail

Yalla Group’s First Half Revenue Increases by 4.7% to AED 587.3 Million

By Anusrita Ghosh 

Dubai-Based Firm Achieves 4.7% Revenue Growth YoY Yalla Group Limited, a frontrunner in online social networking and gaming based in Dubai, released its financial results for the second quarter of

Business

August 13, 2024

ENBD REIT Divests Dubai Towers in Strategic Turnaround-thumnail

ENBD REIT Divests Dubai Towers in Strategic Turnaround

By Anusrita Ghosh

Overview of the Sale ENBD REIT announced that it had successfully closed the sale of two residential towers, Al Ramth 57 and 59, at the Remraam area in Dubai. The

Business

August 13, 2024

$1.9 Billion ‘Downtown Villas of Dubai’ Attracts International Investors-thumnail

$1.9 Billion ‘Downtown Villas of Dubai’ Attracts International Investors

By Anusrita Ghosh

A major investment opportunity has just opened up in Dubai’s Al Wasl District, where a ground-breaking development is on its way to transform the luxury real estate market. According to

News

August 13, 2024

Start-up Investments in MENA Surge by 260% to $355mln-thumnail

Start-up Investments in MENA Surge by 260% to $355mln

By Anusrita Ghosh 

What turned out to be a dramatic turn of events for the start-up ecosystem across the Middle East and North Africa, funding increased drastically in July 2024 and more than

Business

August 13, 2024

Dubai Business Forum Enhances UAE-China Economic Relation-thumnail

Dubai Business Forum Enhances UAE-China Economic Relation

By Anusrita Ghosh 

According to the president and chief executive officer, Mohammad Ali Rashed Lootah, Dubai Chambers said it would be pushing an ambitious strategy that places strong ties in technology and emerging

Business

August 12, 2024

DMCC Contributes 15% to Dubai’s Foreign Direct Investment-thumnail

DMCC Contributes 15% to Dubai’s Foreign Direct Investment

By Anusrita Ghosh 

The Dubai Multi Commodities Centre, the world’s leading free zone and Dubai’s Government authority on commodities trade, published its key performance results for the first half of 2024. The report

Business

August 12, 2024

Dubai-based Company to Invest $225M in Uganda’s UTel-thumnail

Dubai-based Company to Invest $225M in Uganda’s UTel

By Anusrita Ghosh 

Introduction of Major Investment In a deal estimated at $225 million, Dubai-based RCC LLC  is poised for an investment in Uganda Telecommunication Corporation, hence driving transformation in the East African

Business

August 12, 2024

Adhar Beverages Expands Horizons with Strategic Dubai Partnership-thumnail

Adhar Beverages Expands Horizons with Strategic Dubai Partnership

By Anusrita Ghosh

PC: The Economic Times Adhar Beverages Private Limited is an Indian beverage company with huge growth potential. It has announced a gigantic step toward international expansion. This innovative product range,

News

August 10, 2024

Dubai Weekly Funding Roundup Report : 5th August – 10th August 2024-thumnail

Dubai Weekly Funding Roundup Report : 5th August – 10th August 2024

By Anusrita Ghosh

PC: Entrackr Oraseya Capital’s Strategic Investments Oraseya Capital, DIEZ’s venture capital arm, has announced an investment of over $1 million in seven innovative tech startups. Each of the selected startups

Investment & Funding

August 10, 2024

MultiPass Expands Footprint with Financial Services Licence in UAE Regulated by Dubai Financial Services Authority (DFSA)-thumnail

MultiPass Expands Footprint with Financial Services Licence in UAE Regulated by Dubai Financial Services Authority (DFSA)

By Anusrita Ghosh

Strategic Milestone Marks Entry into Middle Eastern Market Global payment solution leader MultiPass has obtained a key financial services licence in the UAE, regulated by Dubai Financial Services Authority (DFSA).

Business

August 9, 2024

Dubai Investments Reports $111.4 Million Net Profit for H1 2024-thumnail

Dubai Investments Reports $111.4 Million Net Profit for H1 2024

By Anusrita Ghosh

Overview Dubai Investments reports first-half 2024 results which can be seen by some of the positive trends and others per general performance. The company realised a net profit after tax

Business

August 9, 2024

Intellect Global Transaction Banking Partners with National Bank of Fujairah to Boost Digital Capabilities-thumnail

Intellect Global Transaction Banking Partners with National Bank of Fujairah to Boost Digital Capabilities

By Anusrita Ghosh

Transaction banking vertical head Intellect Global Transaction Banking has partnered with Dubai-based National Bank of Fujairah. The collaboration will provide NBF with the ability to drive up its digital capacity

Business

August 8, 2024

Emaar Properties Reports 8% Profit Growth and Significant Revenue Boost for H1 2024-thumnail

Emaar Properties Reports 8% Profit Growth and Significant Revenue Boost for H1 2024

By Anusrita Ghosh

Financial Performance Highlights Emaar Properties PJSC of Dubai announced strong financial results for this half of 2024, driven by a great surge in both net profit and revenue. Its net

Business

August 8, 2024

Credit Facilities to UAE Business and Industrial Sectors Reach AED 25.7 Billion in 2024-thumnail

Credit Facilities to UAE Business and Industrial Sectors Reach AED 25.7 Billion in 2024

By Anusrita Ghosh 

Credit facilities by UAE national banks towards the business and industrial sectors reached around AED 25.7 billion for the period January to May 2024. Data disclosed by the Central Bank

Business

August 8, 2024

Dubai Residential Real Estate Sales hit $62 billion-thumnail

Dubai Residential Real Estate Sales hit $62 billion

By Anusrita Ghosh

Record-Breaking Transactions and Sales Value Dubai’s residential sector has seen stellar growth for the first half of 2024. As per Engel & Völkers Middle East, there were 77,233 transactions, indicating

Business

August 7, 2024

Amlak Finance Reports Strong Financial Performance for H1 2024 with Net Profit $8.17mln -thumnail

Amlak Finance Reports Strong Financial Performance for H1 2024 with Net Profit $8.17mln 

By Anusrita Ghosh

In a related development, a key player in the finance sector, Amlak Finance, has released its first half financial results for the period ending 24th June 2024, which shows commendable

Business

August 7, 2024

Ripple Partners with DIFC Innovation Hub to Boost Blockchain Innovation in Dubai-thumnail

Ripple Partners with DIFC Innovation Hub to Boost Blockchain Innovation in Dubai

By Anusrita Ghosh 

Strategic Partnership to Accelerate Blockchain and Crypto Adoption In a pronouncement that breaks waves in blockchain and cryptocurrency solutions, Ripple has formed a landmark partnership with the DIFC Innovation Hub,

Business

August 7, 2024

UAE Funds Transfer System Transactions Up 17 Percent to $2.15 Trillion in First Five Months of 2024-thumnail

UAE Funds Transfer System Transactions Up 17 Percent to $2.15 Trillion in First Five Months of 2024

By Anusrita Ghosh 

The May 2024 Monthly Statistical Bulletin released by the Central Bank of the United Arab Emirates reveals that there has been significant growth in total banking transactions and cheque clearances

Business

August 6, 2024

BHM Capital Seeks AED 4.85 Billion Capital Increase for AlWaqan Capital Acquisition-thumnail

BHM Capital Seeks AED 4.85 Billion Capital Increase for AlWaqan Capital Acquisition

By Anusrita Ghosh 

In what could be the most formidable expansion move, Dubai-based BHM Capital is eyeing the acquisition of AlWaqan Capital Investment LLC. For this takeover, it would seek an extraordinary increase

Business

August 6, 2024

Empower Reports 9% Fall in Earnings of Q2 2024-thumnail

Empower Reports 9% Fall in Earnings of Q2 2024

By Anusrita Ghosh

Net Profit Decline Despite Revenue Growth Dubai’s Emirates Central Cooling Systems Corporation (Empower) published its financial results for the second quarter of 2024, showing quite a mixed performance. Net profit

Business

August 6, 2024

Wood Group Shares Plunge After Dubai’s Sidara Ends Takeover Talks-thumnail

Wood Group Shares Plunge After Dubai’s Sidara Ends Takeover Talks

By Anusrita Ghosh 

Takeover Attempt Falls Through Wood Group (WG.) shares plunged 38% to 122.3p on Monday after Sidara unexpectedly pulled out of merger talks. The Dubai-based engineering and consulting company, known formally

Business

August 5, 2024

Oraseya Capital Invests Over $1mn in Seven Technology Startups-thumnail

Oraseya Capital Invests Over $1mn in Seven Technology Startups

By Anusrita Ghosh

Investment Details and Beneficiaries Oraseya Capital, the venture capital arm of the Dubai Integrated Economic Zones Authority (DIEZ), announced more than $1 million of investment in seven innovative tech startups.

Business

August 5, 2024

In the first half of 2024, GCC Countries Represented 53.9% of the Dubai Chamber of Commerce members’ Exports and Re-exports-thumnail

In the first half of 2024, GCC Countries Represented 53.9% of the Dubai Chamber of Commerce members’ Exports and Re-exports

By Anusrita Ghosh 

Dubai Chamber of Commerce Highlights GCC Market’s Continued Significance The Dubai Chamber of Commerce, one of the Dubai Chambers, has released its trades statistics for the first half of 2024.

Business

August 5, 2024

UAE Non-Oil Private Sector Growth Slows to Lowest Pace in Nearly Three Years-thumnail

UAE Non-Oil Private Sector Growth Slows to Lowest Pace in Nearly Three Years

By Anusrita Ghosh

Overview of July’s Performance The United Arab Emirates’ non-oil private sector hardly witnessed any growth in July 2024, with the index recording the lowest level since almost three years ago.

Business

August 5, 2024

Dubai’s Real Estate Market Defies Slowdown Predictions: A Look at Current Trends and Future Prospects -thumnail

Dubai’s Real Estate Market Defies Slowdown Predictions: A Look at Current Trends and Future Prospects 

By Anusrita Ghosh

Rising Transaction Volumes The real estate market of Dubai is fighting well against predictions of a slowdown and could finally break free from its traditional boom-and-bust cycles. Further driving the

Business

August 3, 2024

Dubai Weekly Funding Roundup Report: 29th July – 03rd August 2024-thumnail

Dubai Weekly Funding Roundup Report: 29th July – 03rd August 2024

By Anusrita Ghosh 

In our weekly funding roundup reports, we bring you the latest and most exciting funding news from the vibrant business landscape of Dubai. This week, we highlight significant investments in

Business

August 3, 2024

Dubai’s Union Properties turns in Dh18.3 million net profit -thumnail

Dubai’s Union Properties turns in Dh18.3 million net profit 

By Anusrita Ghosh 

Dubai-based Union Properties PJSC announced its strong financial results for 1Q 2024, showing a significant recovery and success of operational strategic enhancements of the group. The net profit was posted

News

August 2, 2024

Dubai property sales rise to AED49.6 billion in July-thumnail

Dubai property sales rise to AED49.6 billion in July

By Anusrita Ghosh

Record Sales and Transactions The real estate sector of Dubai has hit a new high with never-before-seen sales for the month of July 2024. This surge in property transactions pushed

Business

August 2, 2024

TECOM Group Reports Strong Financial Performance for H1 2024-thumnail

TECOM Group Reports Strong Financial Performance for H1 2024

By Anusrita Ghosh

Robust Growth in Net Profit and Revenue Dubai-based TECOM Group has announced its impressive second-quarter and first-half financial results for 2024, with immense increases in net profit and revenues. For

Business

August 2, 2024

OZON Pharmaceuticals to Build AED293 Million Manufacturing Facility in Dubai Industrial City -thumnail

OZON Pharmaceuticals to Build AED293 Million Manufacturing Facility in Dubai Industrial City 

By Anusrita Ghosh

Overview of the New Facility OZON Pharmaceuticals has entered into a “musataha agreement” for the establishment of a substantive new manufacturing facility at Dubai Industrial City, in what represents a

Business

August 1, 2024

Sonan Bunkers Expands with New Hire in Dubai -thumnail

Sonan Bunkers Expands with New Hire in Dubai 

By Anusrita Ghosh 

Dubai Appointment Sonan Bunkers has announced the appointment of Nazrin Farook as bunker trader in its Dubai office, effective August 1. Farook comes from a role as business development executive

Business

August 1, 2024

Aleta Planet Secures Investment From Dubai-Based Conglomerate National Pulse to Expand in UAE-thumnail

Aleta Planet Secures Investment From Dubai-Based Conglomerate National Pulse to Expand in UAE

By Anusrita Ghosh 

Ryan Gwee (left), founder and group chairman of Aleta Planet, with Mohammad Bin Markhan Al Ketbi, founder and group chairman of National Pulse. PC: ALETA PLANET Investment and Strategic Joint

Business

August 1, 2024

Digital Dubai Implements Strategic Vision for AI-Backed Data Centre Economy-thumnail

Digital Dubai Implements Strategic Vision for AI-Backed Data Centre Economy

By Anusrita Ghosh 

The implementation of the Strategic Vision for the Data Center Economy in Dubai has now begun in earnest by Digital Dubai and its government and private sector partners with the

Business

July 31, 2024

Dubai Aerospace Enterprise Reports Modest Profit Increase Amid Delivery Delays-thumnail

Dubai Aerospace Enterprise Reports Modest Profit Increase Amid Delivery Delays

By Anusrita Ghosh 

Financial Performance Dubai Aerospace Enterprise, one of the largest lessors of aircraft in the world, announced a minor increase in its net profit for the first half of 2024. The

Business

July 31, 2024

Samana Developers Launches Samana Avenue: Affordable Luxury in Dubailand-thumnail

Samana Developers Launches Samana Avenue: Affordable Luxury in Dubailand

By Anusrita Ghosh

Samana Developers, a leading real estate developer in Dubai, has announced its new project, ‘Samana Avenue’, sited near the Dubailand Residence Complex, DLRC, in the locality of Dubailand. This development

Business

July 31, 2024

Dubai Real Estate: Property Broker Announces Breaking AED105mn Tilal Al Ghaf Villa Sale-thumnail

Dubai Real Estate: Property Broker Announces Breaking AED105mn Tilal Al Ghaf Villa Sale

By Anusrita Ghosh

In what has been called an announcement of the thriving luxury property sector in Dubai, the Private Office of Allsopp & Allsopp has just managed to attain another milestone sale

News

July 30, 2024

Al Ansari Financial Services to Acquire BFC Group Holdings: Strengthening Presence in the GCC Remittance Market-thumnail

Al Ansari Financial Services to Acquire BFC Group Holdings: Strengthening Presence in the GCC Remittance Market

By Anusrita Ghosh

Overview of the Acquisition Al Ansari Financial Services, a major listed company on the Dubai Financial Market, yesterday acquired Bahrain’s BFC Group Holdings WLL for $200 million. The acquisition would

Business

July 30, 2024

Dubai Financial Market Announces 74 Percent Rise in Pre-tax Net Profit to $53.19 Million in H1 2024-thumnail

Dubai Financial Market Announces 74 Percent Rise in Pre-tax Net Profit to $53.19 Million in H1 2024

By Anusrita Ghosh 

Overview of Financial Performance The Dubai Financial Market (DFM) released its consolidated financial results for H1 2024, showing a strong growth in comparison to the same period in 2023. Net

Business

July 30, 2024

Drake & Scull International Returns to Profitability After Restructuring-thumnail

Drake & Scull International Returns to Profitability After Restructuring

By Anusrita Ghosh 

PC: The National Overview of Drake & Scull International’s Financial Turnaround The Dubai-based contractor Drake & Scull International was successful in achieving one of the main milestones by returning to

Business

July 29, 2024

Network International and Biz2X Partner to Boost SME Financing in UAE-thumnail

Network International and Biz2X Partner to Boost SME Financing in UAE

By Anusrita Ghosh 

Network International, one of the leading digital payment facilitators across the Middle East and Africa, has inked a strategic partnership with Biz2X to strengthen SME financing within the UAE. This

Business

July 29, 2024

Dubai Chamber Strengthens Digital Business Ecosystem Through Strategic Partnerships and Digital Startups-thumnail

Dubai Chamber Strengthens Digital Business Ecosystem Through Strategic Partnerships and Digital Startups

By Anusrita Ghosh

The Dubai Chamber of Digital Economy has recorded major accomplishments in the first half of 2024. Among the long list of achievements, one such is that it successfully facilitated the

Business

July 29, 2024

Franklin Templeton Launches UAE Funds to Attract Retail Inflows-thumnail

Franklin Templeton Launches UAE Funds to Attract Retail Inflows

By Anusrita Ghosh

Global investment management firm Franklin Templeton is planning to increase its Middle East presence by launching seven feeder funds into the UAE, enabling the company to attract retail investors in

Business

July 29, 2024

Dubai Real Estate Market Surges Ahead in 2024: Growth, Trends, and Investment Insights-thumnail

Dubai Real Estate Market Surges Ahead in 2024: Growth, Trends, and Investment Insights

By Anusrita Ghosh

Overview of the Real Estate Sector Exuding strength, Dubai’s realty sector is literally abuzz with substantial residential developments and growing property values in 2024. According to a recent report published

News

July 27, 2024

Weekly Roundup (22nd July-27th July, 2024) : Funding Report of Dubai-thumnail

Weekly Roundup (22nd July-27th July, 2024) : Funding Report of Dubai

By Anusrita Ghosh

Welcome to this week’s roundup of the latest funding news from Dubai’s bustling startup ecosystem. This week, we zero in on massive investments in sectors like retail IT solutions, EdTech,

Investment & Funding

July 27, 2024

UAE Startup Verbatica Secures $700,000 in Angel Investment to Revolutionise Language Learning-thumnail

UAE Startup Verbatica Secures $700,000 in Angel Investment to Revolutionise Language Learning

By Anusrita Ghosh

Introduction to Verbatica Verbatica is an up-and-coming UAE-based EdTech startup that raised US$700,000 in angel investments for revamping its language learning platform. The funds will help the company achieve its

Business

July 26, 2024

Titan Wealth Expands Global Presence with Acquisition of Dubai-Based AHR Group-thumnail

Titan Wealth Expands Global Presence with Acquisition of Dubai-Based AHR Group

By Anusrita Ghosh

Titan Wealth’s Global Expansion Titan Wealth, a UK-based wealth management company, announced that it had further expanded its international footprint by acquiring AHR Group, a financial planning and wealth management

Business

July 26, 2024

Dubai Taxi Reports AED1.09 billion Revenue in H1 2024-thumnail

Dubai Taxi Reports AED1.09 billion Revenue in H1 2024

By Anusrita Ghosh

Revenue Growth and EBITDA Surge Dubai Taxi Company on Tuesday released cheerful financial results for the six-month period ending June 30, 2024. Revenues surged by a massive 14 percent year-on-year

Business

July 26, 2024

Mashreq Bank Leads $3.25 Billion Sustainability-Linked Financing for GEMS Education-thumnail

Mashreq Bank Leads $3.25 Billion Sustainability-Linked Financing for GEMS Education

By Anusrita Ghosh

Mashreq Bank, together with a group of regional banks, has arranged a landmark $3.25 billion Sustainability-Linked Leveraged Buyout financing for GEMS Education. More than just large in financial scale, this

Business

July 25, 2024

Mamo Secures $3.4mln to Enhance Financial Services for SMEs-thumnail

Mamo Secures $3.4mln to Enhance Financial Services for SMEs

By Anusrita Ghosh

Mamo, a fintech startup from UAE, raised $3.4 million in its funding round to smoothen financial operations for SMEs. The funding round, led by current investor 4DX Ventures and Dubai

Business

July 25, 2024

UAE Commercial Property Sector Records Highest Occupier Demand in a Decade-thumnail

UAE Commercial Property Sector Records Highest Occupier Demand in a Decade

By Anusrita Ghosh

Economic Growth Boosts Demand Occupier demand within the UAE commercial property sector surged to its highest level in a decade in Q2 this year. This is explained by the country’s

Business

July 25, 2024

Union Budget 2024-25 (Part 2): Tax Reforms and Capital Gains-thumnail

Union Budget 2024-25 (Part 2): Tax Reforms and Capital Gains

By Anusrita Ghosh

Direct Tax Reforms The Union Budget 2024-25 has brought in big-ticket reforms in direct taxes aimed at making life easier for individual and corporate taxpayers. Some of the major highlights

Business

July 24, 2024

Palm Jumeirah Villa Sold for a Record $16.9mn-thumnail

Palm Jumeirah Villa Sold for a Record $16.9mn

By Anusrita Ghosh

Record-breaking Sale on Palm Jumeirah On a high note, 25 Degrees, the leading super-prime luxury villas developer, exceeded expectations with the sale of a $16.9 million beachfront villa on Dubai’s

Business

July 24, 2024

EWBS Announces Launch of Pioneering Service to Assist Emerging Business Owners with Business Setup in Dubai-thumnail

EWBS Announces Launch of Pioneering Service to Assist Emerging Business Owners with Business Setup in Dubai

By Anusrita Ghosh

Simplifying Business Formation in Dubai EWBS, one of the fast-growing business consulting firms in Dubai, has announced a breakthrough service for setting up businesses in the city. It will help

Business

July 24, 2024

Union Budget 2024-25: Key Changes in Income Tax Regime and Capital Gains Tax-thumnail

Union Budget 2024-25: Key Changes in Income Tax Regime and Capital Gains Tax

By Anusrita Ghosh

Income Tax Regime Overhaul In her speech on the Union Budget 2024, the Finance Minister, Nirmala Sitharaman, declared far-reaching reforms in the regime of income tax, having the goals of

Business

July 23, 2024

Union Budget 2024-25: Education, Employment and Skill Development Sectors-thumnail

Union Budget 2024-25: Education, Employment and Skill Development Sectors

By Anusrita Ghosh

In the 2024 budget speech, Union Finance Minister Nirmala Sitharaman announced robust outlays toward strengthening education and the generation of employment and skill development in India. This budget thus places

Business

July 23, 2024

Union Budget 2024-25: Focus on Agriculture and Allied Sectors-thumnail

Union Budget 2024-25: Focus on Agriculture and Allied Sectors

By Anusrita Ghosh

Budget Allocation and Priorities In a presentation of the Union Budget for the fiscal year 2024-25, Finance Minister Nirmala Sitharaman declared a massive allocation of ₹1.52 lakh crore toward agriculture

Business

July 23, 2024

Dubai Launches New Mental Wealth Framework with a Budget of $28.5mn-thumnail

Dubai Launches New Mental Wealth Framework with a Budget of $28.5mn

By Anusrita Ghosh

Under the leadership of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the DHA launched the Mental Wealth Framework, a first-of-its-kind in any city to ensure the mental wellbeing

Business

July 23, 2024

Dubai’s GEMS Education Secures $3.25 bn New Funding Facility-thumnail

Dubai’s GEMS Education Secures $3.25 bn New Funding Facility

By Anusrita Ghosh

Overview of the Transaction GEMS Education, one of the world’s top K-12 private education providers, has just finalised a significant financing and investment deal, the objective of which was to

Business

July 22, 2024

Dubai’s RTA Buys 636 Low Emission Buses Worth AED1.1 billion -thumnail

Dubai’s RTA Buys 636 Low Emission Buses Worth AED1.1 billion 

By Anusrita Ghosh

The UAE’s Roads and Transport Authority has announced a landmark AED1.1 billion deal that is bound to bring about a sea change in the public transport scene of the country.

Business

July 22, 2024

BlackRock Expands Presence in Dubai -thumnail

BlackRock Expands Presence in Dubai 

By Anusrita Ghosh

BlackRock Inc., the world’s largest asset management firm, intends to pay more attention to the Middle East by building its research capability and relocating a senior strategist to Dubai. That

Business

July 22, 2024

TENTEN Partners Expands into the Middle East with New Dubai Office-thumnail

TENTEN Partners Expands into the Middle East with New Dubai Office

By Anusrita Ghosh

Middle East Team (L-R) Laura Taylor, Kieran McLernon, and Justin Castle PC: arabianbusinessreview.com Strategic Expansion to Tap into Middle East Growth TENTEN Partners, a premier Singapore-based executive search and recruitment

Business

July 22, 2024

Dubai South has Experienced a Significant Uptick in Demand, as Evidenced by an 11% Rise in Residential Property Transactions-thumnail

Dubai South has Experienced a Significant Uptick in Demand, as Evidenced by an 11% Rise in Residential Property Transactions

By Anusrita Ghosh

Residential Property Boom In this respect, Dubai South has been the hub of newfound activity in real estate, with residential property transactions surging 11% remarkably. This growth at the helm

Business

July 20, 2024

Recent Funding Initiatives in Dubai Between 13th July- 20th July, 2024-thumnail

Recent Funding Initiatives in Dubai Between 13th July- 20th July, 2024

By Anusrita Ghosh 

In this week ending July 13-20, 2024, the occurrence of quite a number of funding activities took place in Dubai. These funding initiatives further give meaning to Dubai’s very dynamic

Investment & Funding

July 20, 2024

Gold Prices Drop Dh5 Per Gram in Dubai-thumnail

Gold Prices Drop Dh5 Per Gram in Dubai

By Anusrita Ghosh

Decline in Dubai Gold Prices The gold price in Dubai dropped drastically on Friday, with the rates falling by Dh5 per gram in the opening session. The Dubai Jewellery Group

Business

July 19, 2024

UAE Energy Startups Attract More Funding -thumnail

UAE Energy Startups Attract More Funding 

By Anusrita Ghosh

In a promising development for the UAE’s burgeoning energy sector. Startups zeroing in on energy innovations raised a sizeable amount of funding in the first half of 2024. According to

Business

July 19, 2024

Emirates REIT announces sale of Trident Grand Mall for $20 mln-thumnail

Emirates REIT announces sale of Trident Grand Mall for $20 mln

By Anusrita Ghosh

Dubai’s Equitativa, the largest REIT manager in the Gulf region, announced that its subsidiary Emirates REIT had sold Trident Grand Mall, located in Jumeirah Beach Residence, Dubai Marina. This underscores

News

July 19, 2024

Dar Global Announces Third Collaboration with Trump Organization to Launch Iconic Trump Tower Dubai-thumnail

Dar Global Announces Third Collaboration with Trump Organization to Launch Iconic Trump Tower Dubai

By Anusrita Ghosh

Dar Global, backed by The Trump Organization, is poised to announce the launch of Trump Tower Dubai. This landmark development is designed to set a new paradigm in Dubai for

Business

July 18, 2024

Amanat Holdings to Launch IPO for Education Platform Amid Gulf’s IPO Surge in Dubai-thumnail

Amanat Holdings to Launch IPO for Education Platform Amid Gulf’s IPO Surge in Dubai

By Anusrita Ghosh

Amanat Holdings, a significant company listed on the Dubai stock exchange (AMANT.DU), has shown interest in taking its education platform public. This would indicate the company’s diversification into the field

Business

July 18, 2024

Emirates NBD Reports Strong Second-Quarter Performance Amid Economic Recovery-thumnail

Emirates NBD Reports Strong Second-Quarter Performance Amid Economic Recovery

By Anusrita Ghosh

Overview and Financial Performance The second quarter results of Emirates NBD, Dubai’s biggest bank as measured by assets were encouraging compared to what the analysts had predicted, registering 7.1 billion

Business

July 18, 2024

Dubai-based Rental Startup Colife Expands Operations-thumnail

Dubai-based Rental Startup Colife Expands Operations

By Anusrita Ghosh

Dubai-based Startup Sets Ambitious Plans for Co-Living Expansion Dubai-based smart rental startup Colife has made a strategic move to Hong Kong, looking to capitalise on the escalating demand for co-living

Business

July 17, 2024

New Digital Dubai Initiative Aims to Enhance Government Operations Through Data and AI-thumnail

New Digital Dubai Initiative Aims to Enhance Government Operations Through Data and AI

By Anusrita Ghosh

Digital Dubai has launched a pioneering initiative designed to revolutionise government operations through improved data standards and integrating artificial intelligence. The move reaffirmed Dubai’s commitment to being a global leader

Business

July 17, 2024

Springfield Properties’ Announces Unprecedented Growth in Dubai’s Residential Market-thumnail

Springfield Properties’ Announces Unprecedented Growth in Dubai’s Residential Market

By Anusrita Ghosh

Record-Breaking Quarter for Dubai’s Residential Sector Springfield Properties, one of the leading real estate brokerages in Dubai, has just released its Q2 2024 report, expressing superb growth through the city’s

Business

July 17, 2024

Dubai Emerges as Proptech Investment Hub Amidst Regional VC Slowdown-thumnail

Dubai Emerges as Proptech Investment Hub Amidst Regional VC Slowdown

By Anusrita Ghosh

Overview of the Proptech Investment Landscape Venture capital interest in Middle Eastern proptech surges parallel to the huge trend into creative solutions in real estate. Proptech achieves all this through

Business

July 16, 2024

Shuaa Capital’s Return to Profitability in Q1 2024: A Resurgence in Funding Strategies-thumnail

Shuaa Capital’s Return to Profitability in Q1 2024: A Resurgence in Funding Strategies

By Anusrita Ghosh

Shuaa Capital, the Dubai-based financial services group, returned to profitability in the first quarter of 2024. The announcement followed a stellar reopening to trading on DFM with a net profit

Business

July 16, 2024

Dubai AI & Web3 Festival & Trescon Launch FutureTech World Cup to Support Start-ups-thumnail

Dubai AI & Web3 Festival & Trescon Launch FutureTech World Cup to Support Start-ups

By Anusrita Ghosh

Successful Qualifier Round at Dubai AI Campus The first-ever Qualifier round for the FutureTech World Cup is scheduled for 10th July 2024, in Dubai AI Campus. It is one of

Business

July 16, 2024

Shuaa Capital Reports Q1 Net Loss of $27 Million-thumnail

Shuaa Capital Reports Q1 Net Loss of $27 Million

By Anusrita Ghosh

Shuaa Capital, the Dubai-based monetary services company, has posted a heavy blow to its financial performance for Q1 of fiscal year 2024. According to the Q1 financial results released by

Business

July 16, 2024

Dubai Real Estate Market: Booming Trends and Challenges-thumnail

Dubai Real Estate Market: Booming Trends and Challenges

By Anusrita Ghosh

Rental Rates Surge in Dubai’s Retail Sector The retail sector in Dubai showed a stunning comeback to old rental rates, with the best locations like Dubai Mall and Mall of

Business

July 15, 2024

Dubai Residential Real Estate Market Report Q2 2024: Insights and Analysis-thumnail

Dubai Residential Real Estate Market Report Q2 2024: Insights and Analysis

By Anusrita Ghosh

The residential real estate market of Dubai is all set to witness a sea change in Q2 2024, with new constructions to be launched on a large scale. These developments

Business

July 15, 2024

Partnership Announcement: Dubai Humanitarian and Heriot-Watt University Dubai-thumnail

Partnership Announcement: Dubai Humanitarian and Heriot-Watt University Dubai

By Anusrita Ghosh

Dubai Humanitarian, the world’s largest humanitarian hub, and Heriot-Watt University Dubai have entered into a strategic partnership agreement regarding capacity building and nurturing innovation in the arena of humanitarian quarters.

Business

July 15, 2024

Dubai RTA Launches World’s First 3D-Printed Electric Abra-thumnail

Dubai RTA Launches World’s First 3D-Printed Electric Abra

By Anusrita Ghosh

The Roads and Transport Authority of Dubai has initiated a landmark step by introducing the world’s first electric abra crafted with 3-D printing technology. This novelty project will contribute toward

Business

July 15, 2024

Dubai Focuses Major Funding Initiatives to Boost Creative and Business Sectors: Funding Week of 7-13 July 2024-thumnail

Dubai Focuses Major Funding Initiatives to Boost Creative and Business Sectors: Funding Week of 7-13 July 2024

By Anusrita Ghosh

This week, Dubai announces a set of major funding initiatives across sectors, a very vibrant part of its approach to economic development and innovation. Here is an all-inclusive report on

Business

July 13, 2024

Rising Rental Prices in Sharjah and Ajman Amidst Dubai Exodus-thumnail

Rising Rental Prices in Sharjah and Ajman Amidst Dubai Exodus

By Anusrita Ghosh

With the nonstop shooting up of the rental prices in Dubai, several residents look to neighbouring emirates like Sharjah and Ajman in the pursuit of finding cheaper roof satellites. However,

Business

July 13, 2024

Marriott Residences Al Barsha South Opens its Doors in Dubai-thumnail

Marriott Residences Al Barsha South Opens its Doors in Dubai

By Anusrita Ghosh

RDK Group Announces the Grand Opening The RDK Group is pleased to announce the opening of Marriott Residences Al Barsha South, Dubai. This new development assures luxurious living with additional

Business

July 12, 2024

Financing Options for Off-Plan Projects in Dubai: A Game-Changer for Real Estate-thumnail

Financing Options for Off-Plan Projects in Dubai: A Game-Changer for Real Estate

By Anusrita Ghosh

Probably the defining moment in the sector of Dubai real estate, banks have started financing off-plan property projects. This would help reduce much of the financial burden on prospective homeowners

News

July 12, 2024

Emaar Celebrates Remarkable H1 Growth-thumnail

Emaar Celebrates Remarkable H1 Growth

By Anusrita Ghosh

Emaar Properties, Dubai’s leading developer, has just announced strong half-year performances and milestones for the first half of 2024, driven by outstanding growth across various businesses. PC: Emaar Properties PJSC

Business

July 12, 2024

Dubai Real Estate Market Records Almost AED123bn in Property Sale Transactions So Far This Year-thumnail

Dubai Real Estate Market Records Almost AED123bn in Property Sale Transactions So Far This Year

By Anusrita Ghosh

The real estate market in Dubai saw good performance reflected in high transaction volumes and large monetary value registered throughout the first half of 2024. A recent report picked out

Business

July 12, 2024

Gold Prices Ease In Early Trade In Dubai-thumnail

Gold Prices Ease In Early Trade In Dubai

By Anusrita Ghosh 

Market Opening Overview The onset of Thursday saw the opening of trade with gold prices in Dubai, UAE, edging down slightly, following a rise on Wednesday. At present, volatility is

Business

July 11, 2024

Dubai’s High-End Property Market Faces 47% Decline-thumnail

Dubai’s High-End Property Market Faces 47% Decline

By Anusrita Ghosh

Overview of the Market Dynamics Dubai’s prime residential real estate market, which includes the indefinite prestige of Emirates Hills, Jumeirah Bay Island, Jumeirah Islands, and The Palm Jumeirah, is dramatically

Business

July 11, 2024

Arista Properties Launches AED 500 Million Wadi Villas Project in Dubai-thumnail

Arista Properties Launches AED 500 Million Wadi Villas Project in Dubai

By Anusrita Ghosh

Introduction to Wadi Villas Project Dubai-based Arista Properties has commenced work on its Wadi Villas project, a half billion AED development located within the ultra-prestigious Mohammed Bin Rashid Al Maktoum

Business

July 11, 2024

Jebel Ali Beach Development Project: A Vision For Dubai’s Future-thumnail

Jebel Ali Beach Development Project: A Vision For Dubai’s Future

By Anusrita Ghosh

In keeping with the vision enunciated by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Dubai is currently pursuing an ambitious program for the development of world-class public beaches. The

Business

July 10, 2024

Dubai Real Estate: Capital Values For Ready Homes Continue to Rise, Sales Slow Down-thumnail

Dubai Real Estate: Capital Values For Ready Homes Continue to Rise, Sales Slow Down

By Anusrita Ghosh

Overview of the Current Real Estate Landscape The real estate market of Dubai has undergone a dynamic change in the month of June 2024, with changing trends of capital values

Business

July 10, 2024

Dubai’s Gulf Islamic Investments Secures $100mln in Order to Expand Private Equity Business-thumnail

Dubai’s Gulf Islamic Investments Secures $100mln in Order to Expand Private Equity Business

By Anusrita Ghosh

Overview of Gulf Islamic Investments Gulf Islamic Investments LLC of Dubai announced a significant event in its expansion strategy by successfully procuring $100 million from a number of investors. A

Business

July 10, 2024

Real Estate in Dubai: Zoya Developments of India Has Announced a $545 Million Investment Plan-thumnail

Real Estate in Dubai: Zoya Developments of India Has Announced a $545 Million Investment Plan

By Anusrita Ghosh

Zoya Developments to invest $545m in UAE real estate starting with a Dubai project in 2026. Zoya Developments plans to focus on further expansion into Dubai and narrow its vision

Business

July 9, 2024

Danube Group Expanding Horizon: From Dubai to Abu Dhabi and Ras Al-Khaimah-thumnail

Danube Group Expanding Horizon: From Dubai to Abu Dhabi and Ras Al-Khaimah

By Anusrita Ghosh

Dubai Success and Expansion Plans Under the stewardship of Rizwan Sajan, Danube Group has established a befitting niche for itself in Dubai’s bustling realty market with a clutch of successful

Business

July 9, 2024

Dubai Entities Turn to Mandatory Convertible Bonds (MCBs) Amid High Interest Rates-thumnail

Dubai Entities Turn to Mandatory Convertible Bonds (MCBs) Amid High Interest Rates

By Anusrita Ghosh

Strategic Shift Towards MCBs In a rough economic environment characterised by high interest rates, a few Dubai-listed companies have resorted to the issuance of Mandatory Convertible Bonds (MCBs) as a

Business

July 9, 2024

Dubai’s Luxury Property Market Thrives Amidst Declining Listings-thumnail

Dubai’s Luxury Property Market Thrives Amidst Declining Listings

By Anusrita Ghosh

Dubai Luxury Real Estate Market Insights 2024 Contrary to expectations, Dubai luxury real estate in 2024 simply proved its strength as it stood firm after the significant decline in property

Business

July 8, 2024

Dubai’s Short-Term Rental Market: A Thriving Opportunity for Investors-thumnail

Dubai’s Short-Term Rental Market: A Thriving Opportunity for Investors

By Anusrita Ghosh

Overview of Dubai’s Short-Term Rental Market The real estate sector in Dubai is growing at a good pace, especially the short-term rental and holiday home market, due to attractive returns

Business

July 8, 2024

Revibe: Transforming the Refurbished Electronics Market in Dubai-thumnail

Revibe: Transforming the Refurbished Electronics Market in Dubai

By Anusrita Ghosh 

Revibe, a company based in Dubai that has made it its mission to transform the current refurbished electronics market with new standards of sustainable solutions for value, is founded on

Business

July 8, 2024

Amid Dubai’s Real Estate Boom, There Continues to Be a Strong Demand for Branded Residences-thumnail

Amid Dubai’s Real Estate Boom, There Continues to Be a Strong Demand for Branded Residences

By Anusrita Ghosh

While Dubai’s property boom continues undiminished, the branded residences sector has been in the thick of it all, attracting heavy interest. Branded residences, typically associated with luxury hotel brands, have

Business

July 6, 2024

Luxury Redefined: Gulf Land Property Developers Unveils Exclusive Residences in Dubai in Collaboration with Tonino Lamborghini Group-thumnail

Luxury Redefined: Gulf Land Property Developers Unveils Exclusive Residences in Dubai in Collaboration with Tonino Lamborghini Group

By Anusrita Ghosh

The news in recent times has been rife with one of the biggest names in Gulf real estate: Gulf Land Property Developers. Gulf Land has allied itself with the international

Business

July 6, 2024

Recent Published

Business Leaders of the Year 2025

30 under 30

Inspiring Business Leaders 2025

Inspiring Business Leaders 2025

Entrepreneur of the Year 2025

Global Market Leaders 2025

TOP STORIES

  • Success Story of Bhavish Aggarwal: The Man Behind Ola and Ola Electric-thumnail

    Success Story of Bhavish Aggarwal: The Man Behind Ola and Ola Electric

    July 8, 2025

  • The Ultimate Business Guide: Top 10 Dubai Blockchain Companies in 2025-thumnail

    The Ultimate Business Guide: Top 10 Dubai Blockchain Companies in 2025

    July 8, 2025

  • The Story of Falguni Nayar: From Banker to Founder of Nykaa-thumnail

    The Story of Falguni Nayar: From Banker to Founder of Nykaa

    July 7, 2025

x

About Us

Business Outreach is a premier platform for CXOs worldwide to exchange their ideas and insights with their peers. Our edition was launched with the goal of providing a focused approach towards the global market and bringing together technology buyers across various industries on a single platform. This enables the sharing of experience and knowledge, providing our readers with a well-rounded perspective on different market segments and their technology adoption curve. Additionally, we showcase technological innovations through groundbreaking enterprise solutions for the respective segments, providing our international readers with a valuable resource for staying ahead of the curve in their industries.

Quick Links

  • ABOUT BUSINESS OUTREACH
  • Privacy Policy
  • Content Licensing
  • Terms and Conditions
  • Cancellations & Refund Policy

Follow us on Social Media

Quick Links

  • Media KIT
  • Contact Us
  • Advertise
  • Publish Interview
  • Write For Us
  • Nominate Your Company

Latest Magazine

Print | Digital

A Product of The Publicity Dude Media

© 2025 Business Outreach All Rights Reserved.