Dubai Investments’ Subsidiaries Sign Strategic MOUs at Industrial Partnership Meeting
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
Dubai Weekly Funding Roundup: AI and Real Estate Dominate Investment Scene
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
Aditum Global Access Surpasses $200 Million in Assets Under Management
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
DEWA Launches $1.9 Billion Smart Grid Initiative to Boost Sustainability and Efficiency
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
Dubai’s Real Estate to Thrive in 2025 Driven by Infrastructure Development and Growing Communities
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
Aramex Improves Efficiency with Dubai Customs’ Seamless Inspections Initiative
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.
GFH Partners Invests in Manrre REIT to Accelerate Growth in Logistics and Industrial Real Estate
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
Nexus Underwriting Enters into Agreement to Acquire Arma Underwriting, a Dubai-based Specialty Reinsurance MGA
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
Dubai Funding Weekly Roundup: Key Developments in Investment and Innovation (16th December to 21st December, 2024)
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
Digital Dubai and Dubai Future Foundation Sign Strategic Partnership to Cultivate Future Skills
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
Fajr Capital Eyes Diverse Investment Opportunities Across Gulf and Emerging Markets
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
Dubai Future Foundation Hosts AI Connect to Boost AI Adoption in Government Sector
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
Weekly Funding Roundup: Driving Innovation in Tech and Venture Capital (02nd December to 7th December, 2024)
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
DIFC Opens 2nd Future Sustainability Summit to Drive Global Transition to Net Zero
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
Clemta Launches AI-Powered Financial Assistant to Revolutionize US Business Management
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,
3DXB Group Supports Dubai Real Estate Strategy 2033 with 3D Printing Innovations
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
Dubai’s Super-Luxury Real Estate Market Thrives, Led by Palm Jumeirah and Jumeirah Bay Island
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
LEOS Developments Breaks Ground on Knightsbridge: Dubai’s First Climate-Adaptive Wellness Community
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
DIFC Successfully Redeems $700 Million Sukuk, Affirming Financial Strength and Sustainable Strategy
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
RAKBANK Partners with Paramount and Archer to Elevate Risk Management and Compliance
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,
Disrupt-X Partners with ORBCOMM to Enhance the ALEF IoT Platform Through Advanced Connectivity Solutions
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
Liferay and PwC Middle East Forge Strategic Partnership to Enhance Digital Experiences in the Region
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
e& UAE Teams Up with ServiceNow and Quintica to Drive AI-Powered Digital Transformation and Revolutionise Operations
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
Adar Poonawalla Acquires 50% Stake in Karan Johar’s Dharma Productions
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
TECOM Group Completes Acquisition of Office Park in Dubai Intern inet City for AED 720 Million
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
IN5 Start-up Funding Reaches AED 8 Billion, Driven by Dubai’s Pro-Innovation Policies
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
Yala Completes Seed Round co-led by Polychain Capital and Ethereal Ventures
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
Dubai Chambers and Dubai Islamic Bank Sign MoU to Boost Banking Services for Businesses
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
Samana, a Dubai-based Developer, has Invested $41 million to Establish a New Contracting Division
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
Nuwa Capital Anticipates an Increase in Early-stage Deal Volumes in the GCC, with Startups Expected to Concentrate on Capital Market Opportunities
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
Dubai Business Forum – China: Emirati Companies Based in Dubai have Invested $1.4 billion in China Over the Past Eight Years
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,
The Dubai Financial Market has Signed a Memorandum of Understanding with the Shenzhen Stock Exchange
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
Watania International Holding Reports Strong First Half of 2024 with Positive Financial Performance
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
In the first half of 2024, GCC Countries Represented 53.9% of the Dubai Chamber of Commerce members’ Exports and Re-exports
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.
