Wynn Resorts has announced a delay in the launch of its highly anticipated Wynn Al Marjan Island resort in the UAE, now slated to open in September 2027. This shift comes as a result of construction disruptions and an escalated project budget, which has surged by approximately $600 million. Originally, the resort was expected to...
The IIJS Bharat Premiere 2026 has officially launched at the Jio World Convention Centre in Mumbai, marking a significant milestone for India’s gem and jewellery industry. This year’s event is set against a backdrop of unprecedented trade opportunities fueled by a series of new free trade agreements (FTAs) between India and key markets, including the...
The Dubai Multi Commodities Centre (DMCC) has recently announced a notable 9% increase in the number of Indian companies operating within its jurisdiction over the past year. This expansion has seen the total Indian business community within DMCC grow to over 4,080 companies, bolstered by the addition of more than 330 new enterprises in the...
Satish Sanpal, a prominent entrepreneur featured by Netflix, is currently in the spotlight regarding allegations that UAE authorities have frozen his assets. In a public statement, Sanpal refuted these claims, asserting that there has been no formal action from any regulatory or enforcement body in the UAE regarding his financial holdings. This situation comes at...
The vibrant Gujarati community in the United Arab Emirates, comprising approximately 300,000 members, is mobilizing efforts to catalyze the UAE’s investment of $3.4 billion into Gujarat’s economy. The initiative is spearheaded by the Gujarati Samaj and VyparJunction, aiming to leverage the community’s collective resources to bolster trade, create employment opportunities, and stimulate economic growth in...
The Arab Monetary Fund (AMF) has officially partnered with Nirvana Travel & Tourism, a subsidiary of NG9 Holding, through a recently signed Memorandum of Understanding (MoU). This strategic collaboration aims to broaden the advantages offered by the Mazaya program, specifically targeting employees of the AMF and their families. This initiative marks a significant milestone in...
Moove, a prominent player in the global mobility sector, has successfully raised $250 million in its Series C funding round, achieving a notable valuation of $2.1 billion. This investment marks a significant milestone for the company, which specializes in creating robust operating frameworks for autonomous mobility. With this new capital, Moove aims to enhance its...
Wynn Resorts has officially announced that it will be opening its first integrated gaming resort, Wynn Al Marjan Island, in Ras Al Khaimah in September 2027. This announcement marks a significant milestone as it establishes the timeline for the UAE’s inaugural licensed gaming destination. The resort promises to offer a variety of entertainment and luxurious...
The non-oil private sector in the UAE has recorded its most robust expansion in four months this July, driven by a resurgence in customer demand, enhanced export activity, and improved regional trade dynamics. The S&P Global UAE Purchasing Managers’ Index (PMI) has risen to 52.7 from a previous reading of 50.8 in June, indicating a...
In a notable shift within Dubai’s real estate sector, developers are increasingly focusing on strategic land acquisitions rather than pursuing rapid growth through sheer scale. This evolving approach is largely driven by the necessity to adapt to a more sophisticated and maturing property market. The current landscape in Dubai emphasizes the importance of disciplined, data-informed...