XRG has successfully finalized its acquisition of an equity stake in the Southern Gas Corridor CJSC (SGC), as announced today. This strategic move took place following the fulfillment of all necessary conditions and the receipt of regulatory approvals from the relevant authorities. The acquisition signifies a crucial step in XRG’s ongoing integrated strategy within the...
Tabby, a prominent player in the buy now, pay later (BNPL) sector, has successfully raised $233 million in a funding round led by its existing investors. This recent influx of capital has propelled the company’s valuation to an impressive $6.5 billion. The funds will be utilized to broaden Tabby’s services, marking its strategic shift towards...
Aster DM Healthcare, a prominent name in the healthcare sector of the UAE, is in the process of acquiring the International Modern Hospital (IMH) in Dubai. This strategic move, which is currently awaiting regulatory approvals, reflects Aster’s commitment to expanding its footprint in the UAE healthcare market, thereby enriching its network and reinforcing its position...
The UAE has emerged as an attractive destination for investors looking to tap into the Gulf equity markets, primarily due to its relatively low-cost entry points. However, a significant limitation arises from the heavy concentration of the investment portfolio in financials and real estate sectors, which together account for nearly 56% of total investments. This...
The UAE has emerged as an attractive destination for investors looking to tap into the Gulf equity markets, primarily due to its relatively low-cost entry points. However, a significant limitation arises from the heavy concentration of the investment portfolio in financials and real estate sectors, which together account for nearly 56% of total investments. This...
Oman’s recent ratification of a railway agreement with the United Arab Emirates (UAE) marks a significant advancement for the ambitious $2.5 billion Hafeet Rail project. This initiative aims to connect the port city of Sohar in Oman with Abu Dhabi and Al Ain in the UAE, forming a strategic transport corridor within the Gulf Cooperation...
The BRICS bloc is undergoing significant transformation as it prepares for expansion in 2026, evolving from a collection of emerging economies to a more comprehensive political and economic alliance. This development reflects a strategic shift in how nations collaborate, particularly in areas such as trade, payments, technology, and governance. With India’s leadership in this initiative,...
Dubai is set to welcome the AIM Congress 2026 on Monday, a three-day event anticipated to attract a significant gathering of global investors and policymakers. The congress comes on the heels of the UAE achieving an impressive Dh177.3 billion in foreign direct investment (FDI) in 2025, placing the nation ninth in the world for attracting...
The price of gold in the UAE has witnessed a significant increase over the past few days, with the 24K gold rate rising to Dh532 per gram. This marks a gain of Dh10 within just three days, amid a broader global market recovery that has pushed gold prices above $4,400 per kilogram. This recent spike...
ABU DHABI, United Arab Emirates – Vision Bank, an esteemed Islamic financial institution established under the Abu Dhabi Global Markets (ADGM), has officially unveiled its new financing options tailored for small and medium-sized enterprises (SMEs). This initiative aims to bolster cross-border trading activities in the region, positioning Vision Bank as a key player in the...