Nakheel, one of the leading real estate developers in the UAE, has recently awarded a significant contract valued at over AED 950 million for the main construction of 617 residential units at the Bay Grove Residences, located on the Dubai Islands. The project has been entrusted to Parkway International Contracting, which will be responsible for...
Checkout, a renowned fintech company, has taken significant steps to enhance the payment infrastructure for PRYPCO, a leading financial technology platform in the UAE. This partnership aims to bolster PRYPCO’s payment acceptance capabilities, reportedly increasing rates by an impressive 20%. Such improvements are not only crucial for PRYPCO but also indicative of a broader trend...
Dar Global Capital Partners has recently unveiled its strategic focus on high-value real estate investments in Dubai, aligning with an expansive global investment mandate. This move highlights the firm’s commitment to value creation paired with a robust risk management approach, ensuring both potential upside and protection against downturns. Operating from the Dubai International Financial Centre...
The Dubai Integrated Economic Zones Authority (DIEZ) has taken a significant step towards redefining the landscape of economic zones by approving the creation of a Global Centre for Research and Technology. This initiative was announced by H.H. Sheikh Ahmed bin Saeed Al Maktoum, who chairs DIEZ, emphasizing the critical role that innovative research will play...
The World Green Economy Summit (WGES) 2026 wrapped up recently at the Dubai World Trade Centre, spotlighting the United Arab Emirates’ commitment to advancing a sustainable green economy. This event gathered stakeholders from various sectors, including government officials, business leaders, and environmental advocates, to discuss the future of green initiatives and investments in the region....
The Sharjah Chamber of Commerce and Industry (SCCI) is actively working to identify and harness investment opportunities in Ethiopia, signifying a strategic move to enhance the trade relations between the UAE and African nations. This initiative reflects a growing trend of economic engagement that is expected to benefit local businesses in Sharjah looking to expand...
The Abu Dhabi National Oil Company (ADNOC) has announced a significant investment initiative amounting to Dh60 billion aimed at bolstering local manufacturing capabilities in the UAE. This strategic move is designed not only to enhance the country’s industrial resilience but also to create jobs and stimulate economic growth across various sectors. This substantial commitment by...
Abu Dhabi-based Masdar has recently announced a significant expansion of its renewable energy portfolio through the acquisition of a notable solar project in Greece. This development marks a strategic move for Masdar, which has established itself as a leader in the global renewable energy sector, boasting an impressive portfolio of more than 65 gigawatts (GW)...
A recent ruling by a Dubai court has mandated the refund of Dh1.8 million to a buyer involved in a contentious property sale in the Heart of Europe development. The court also awarded the buyer an additional Dh150,000 in compensation, reflecting a significant judgment in a case that highlights ongoing issues within the real estate...
Etihad Airways has marked a significant milestone in air travel by successfully launching its first non-stop service between Abu Dhabi and Calgary, Canada. This achievement enhances connectivity between the Middle East and North America, opening new avenues for passengers and businesses alike. The new route is expected to solidify Etihad’s position as a key player...