A significant milestone in Dubai’s luxury real estate market has been achieved with the unveiling of a $435 million residential tower, a collaboration between London Gate and renowned Swiss jeweller, de Grisogono. This ambitious project, named “Th…
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Azizi Developments has announced a significant investment plan, setting aside AED 1 billion to establish 12 new factories within the Khalifa Economic Zones Abu Dhabi (KEZAD). This move comes as part of a strategic shift by the Dubai-based real est…
Commercial Bank of Dubai (CBD) successfully completed the issuance of a $500 million five-year bond, marking another significant step in its expansion within the international capital markets. The issuance, part of the bank’s ongoing Euro Medium-T…
Mahindra Insurance Brokers Ltd (MIBL), the insurance broking subsidiary of Mahindra Finance, has taken a significant step towards expanding its global footprint by launching a reinsurance division in Dubai’s International Financial Centre (DIFC). …
The Dubai Financial Services Authority (DFSA) has imposed a substantial fine on OCS International Finance Limited and its CEO, for mismanagement of client funds amounting to USD 46 million. This regulatory action follows a detailed investigation t…
UAE-based exchange companies hold a commanding 47.3% of the total market share in the Arab region, according to data from the Arab Monetary Fund (AMF). This substantial presence underscores the UAE's strategic position as a financial hub withi…
Signature and Devmark have unveiled W Residences Dubai JLT, a luxury development positioned to redefine upscale living in one of Dubai's most vibrant districts. This innovative project promises to blend modern design with unparalleled service,…
Delta Air Lines and Saudia have entered a significant codeshare partnership aimed at enhancing connectivity across key global routes. This collaboration, effective immediately, allows passengers of both airlines to access a broader network, spanni…
Palo Alto Networks and Deloitte are advancing their strategic partnership with a renewed focus on enhancing cloud security and enabling businesses to adopt a platform-based approach. This collaboration aims to combine Deloitte's consulting exp…
Dubai’s Central Bank is set to issue a series of dollar-denominated bonds over the next five years, targeting a minimum value of $500 million. This initiative is part of a broader strategy to enhance liquidity and diversify funding sources within …
Significant momentum in the real estate sector has emerged as major developers have officially launched the highly anticipated Manta Bay project in the United Arab Emirates, with a staggering investment of AED 1 billion. This ambitious initiative …
HAYAH Insurance Company has joined forces with Shory, an insurtech platform, to introduce an innovative product aimed at transforming health insurance in the UAE. Known as ‘Health Protect’, this offering is expected to simplify the insurance proce…
Azizi Developments has unveiled an ambitious plan to establish twelve new factories within the Khalifa Economic Zones Abu Dhabi (KEZAD) at an estimated investment of AED 1 billion. This significant move aims to boost the UAE's manufacturing se…
Dubai International Airport (DXB), one of the world’s busiest aviation hubs, has revised its annual passenger forecast for 2024, predicting a significant increase to 93 million travelers. This optimistic projection reflects the airport's recov…
Maqta Gateway, a key player in the UAE’s digital trade landscape, and Presight, a leading provider of AI-powered analytics, have entered into a strategic partnership aimed at enhancing the region’s trade and logistics sectors. The agreement signal…
Transforming operations at the Dubai World Trade Centre (DWTC), Momentus Technologies has been appointed to innovate and elevate the management of venues and events. This strategic partnership is poised to redefine efficiency standards and innovat…
Yas Beach in Abu Dhabi has secured a prestigious spot, ranking as the fourth most relaxing beach globally, according to a recent survey conducted by a prominent travel and leisure publication. This ranking has garnered significant attention, under…
The Federal Tax Authority (FTA) in the UAE has announced an extension for tax filing deadlines for businesses that are newly incorporated. The move, which applies primarily to companies that were registered under the corporate tax regime after the…
Dubai Maritime City (DMC) has significantly enhanced its operational capabilities, doubling its ship handling capacity as part of a strategic infrastructure expansion. The upgrade is aimed at bolstering Dubai’s position as a global maritime hub, w…
Dubai is witnessing a phenomenal resurgence in international tourism, with the city drawing over 17 million visitors in 2023, marking a remarkable recovery and surpassing its previous high of 16.73 million in 2019. The surge in visitor numbers und…
A strategic divestment took place as Mashreq Bank sold its shares in Depa PLC, a leading interior contracting firm based in the UAE, for an impressive $12.9 million. This transaction aligns with Mashreq Bank's broader strategy to streamline it…
A significant development in the banking sector has emerged as South Africa’s Investec Group officially opened a new office in Dubai International Financial Centre (DIFC). This strategic move aims to enhance the bank's ability to serve its gro…
A significant boost to Dubai’s hospitality sector was announced, revealing the launch of 12 hotels, adding more than 2,700 rooms to the city’s already extensive accommodations. This expansion aligns with the UAE's strategic vision to bolster t…