The International Free Zone Authority (IFZA) participated in the 14th edition of the AIM Congress, which took place from April 7-9 at the Abu Dhabi National Exhibition Centre (ADNEC). This participation was in collaboration with the Smart City Council (SCC), where IFZA showcased its services at a dedicated stand. The event highlighted Dubai’s ambition to...
ASAS Real Estate, the real estate division of Sharjah Islamic Bank (SIB), announced on Wednesday a new initiative that allows all non-Arab nationalities to obtain a 100-year leasehold ownership of its Al Saja’a Industrial Land project in Sharjah. In addition, Arab investors will have the option for freehold ownership under this scheme. This initiative aims...
The 8th edition of the Airport Security Middle East conference is scheduled to take place from May 6 to 8, 2025, at the Dubai World Trade Centre (DWTC). This event will address the current challenges, emerging threats, and future requirements of airport security. It will be held as a co-located conference during the 24th edition...
Ambit Global Private Client (Ambit GPC), a player in bespoke financial solutions, has officially launched its operations in the Middle East with a new office located in the Dubai International Financial Centre (DIFC). This strategic expansion follows Ambit’s acquisition of Dubai-based Moonrock Investments Ltd in November 2024, which underscores the Indian wealth management firm’s ambition...
Dubai-based Mashreq has announced a partnership with Goldman Sachs Asset Management to offer discretionary investment services aimed at high-net-worth individuals in the Gulf region. This collaboration is designed to meet the increasing demand for professionally managed portfolios, with services expected to be available starting this month. As the number of affluent individuals seeking sophisticated investment...
Mubadala Energy, the Abu Dhabi-based international energy company, has entered the U.S. market by signing an agreement to acquire a 24.1% interest in Kimmeridge’s SoTex HoldCo LLC. This marks a significant step in Mubadala’s ambitious expansion strategy in the energy sector. SoTex holds two key portfolio companies: Kimmeridge Texas Gas, which operates in the Eagle...
Al Ansari Financial Services PJSC (AAFS), an integrated financial services group in the UAE and parent company of Al Ansari Exchange, has successfully finalized its acquisition of BFC Group Holdings (BFC). This deal, valued at USD 200 million, positions AAFS as the largest non-banking financial institution (NBFI) in the Gulf Cooperation Council (GCC) region, particularly...
SolitAir, a middle-mile air cargo operator based in Dubai World Central, has officially obtained its Air Operator Certificate (AOC) from the General Civil Aviation Authority (GCAA) of the UAE. This certification was part of a rigorous process governed by UAE Civil Aviation Regulations (CAR) Part V, Chapter 4, which required SolitAir to demonstrate high standards...
The United Arab Emirates’ renewable energy company Masdar has announced the complete acquisition of Greece’s Terna Energy, marking a significant move in its strategy for international expansion. This follows Masdar’s purchase of a majority stake in Terna last year, as the company aims to grow in European markets amid challenges such as high interest rates...
The Abu Dhabi Sustainable Business Leadership Forum, supported by the Environment Agency – Abu Dhabi (EAD), is set to return for its ninth annual edition on October 16-17. This event aims to gather business leaders and experts to discuss sustainability practices and strategies in the emirate. The forum will feature keynote speeches, panel discussions, and...