India and Saudi Arabia are in discussions to explore joint projects in the fields of refineries and petrochemicals, as stated by Indian Prime Minister Narendra Modi in an interview with Arab News. This announcement comes as Modi begins a two-day visit to Saudi Arabia on Tuesday. During the interview, Modi emphasized that the two nations...
Venture capital investment in the Middle East and North Africa experienced a significant surge in the first quarter of 2025, with startups raising a total of $678 million, marking the strongest quarter since the end of 2023. This growth was attributed to recent interest rate cuts that improved investor sentiment, according to data from the...
Indian Prime Minister Narendra Modi is scheduled to commence a two-day visit to Saudi Arabia on Tuesday. He will travel to Jeddah, where he will engage in meetings with Saudi Crown Prince Mohammed bin Salman, conduct bilateral talks, and visit Indian factory workers. This trip is significant as Modi aims to strengthen relations with Saudi...
DMCC, the leading international business district in Dubai, has reached a significant milestone by securing Shariah certification for its DMCC Tradeflow platform. This achievement is expected to enhance Dubai’s position as a global hub for Islamic finance. Credit: ZAWYA The certification was granted by the Shariah Board of the Dubai Islamic Economy Development Centre. This...
Saudi Arabia has announced new regulations allowing visitors to the country to claim back value-added tax (VAT) in an effort to boost the tourism industry. However, the government also plans to expand the tax base to include online transactions, which reflects its need to adapt to declining oil revenues. As the world’s second-largest oil producer,...
The Innovative Startups and SMEs Fund (ISSF), recognized as the largest investment fund of its kind in Jordan, has announced a significant investment of USD 3 million in the Antler MENAP Fund LP. This early-stage venture capital fund, which amounts to USD 60 million, is focused on making pre-seed to Series A investments throughout the...
Taaleem is making a significant investment of Dh600 million to establish two Harrow-branded schools in Abu Dhabi and Dubai. This move is part of a broader expansion strategy that aims to capitalize on the booming educational sector in the UAE. The company plans to open these schools in September 2025, with each institution expected to...
Emirates NBD, recognized as Dubai’s largest bank by assets, surpassed profit expectations for the first quarter, largely due to significant growth in loans and interest income. The bank reported a net profit of 6.2 billion dirhams ($1.69 billion) for the three months ending March 31, compared to 6.7 billion dirhams during the same period last...
RH Luxury Properties has launched new initiatives designed to connect Dubai’s vibrant real estate market with Africa’s wealthiest individuals. The company’s founder, Rebiha Helimi, emphasized the significance of this market, stating, “It’s a very important market and gap that needs bridging so that’s what we are doing”. To facilitate this connection, RH Luxury Properties plans...
Dubai, UAE, April 22, 2025: Gulf House Real Estate Developer has officially announced its entrance into Dubai’s luxury real estate market, showcasing a vision aimed at creating iconic living experiences that redefine elegance and sophistication. The company plans to launch its flagship project, Olaia Residences, on Palm Jumeirah by the end of April. Gulf House...