Sky Gold and Diamonds has received approval from its board to establish a wholly owned subsidiary in Dubai, as part of its strategy to enhance export growth. As a leading Indian jewelry manufacturer, the company specializes in lightweight gold and diamond-studded pieces and is keen to tap into the strong demand for high-quality jewelry in...
Absa Group, recognized as South Africa’s third-largest lender, is set to enter the UAE market in 2026. The decision comes as the bank aims to capitalize on the growing investment and business interests between the Middle East and Africa. The bank plans to establish an office in Dubai during the first quarter of 2026, pending...
Saudi Arabia has reported a remarkable travel surplus of SR49.8 billion (approximately $13.28 billion) for the year 2024, marking its highest-ever annual surplus. This data, released by the Saudi Central Bank, reveals that the surplus surpassed the previous record of SR46 billion recorded in 2023, reflecting a year-on-year growth of around 8.3%. As Zawya reported,...
Emirates Telecommunications Group Company (e&) has successfully acquired a 100% stake in Serbia Broadband (SBB) for €825 million, equivalent to approximately $891 million. This acquisition was confirmed by e& on Wednesday and is viewed as a significant step in the company’s strategy to expand its presence in Central Eastern Europe. According to Zawya, the acquisition...
AD Ports Group (ADPORTS:ADX), a prominent global player in trade, transport, industry, and logistics, has released its 2024 Annual Report, showcasing significant growth in revenue and profit. The report indicates that the Group achieved record revenue of AED 17.29 billion and EBITDA of AED 4.51 billion, reflecting increases of 48% and 69% respectively from 2023....
The Ministry of Justice in the UAE has signed a Memorandum of Understanding with UAE University to establish a fruitful partnership aimed at enhancing collaboration in forensic science and criminal evidence fields. This agreement seeks to facilitate the exchange of expertise and information between both parties, contributing to the development of scientific and research areas,...
Mobile app revenues in the Middle East have reached $1.7 billion, reflecting an impressive 18.6 percent year-over-year growth. This surge is largely attributed to increased consumer engagement during the Holy Month of Ramadan, as brands intensify their marketing efforts to capture user attention during this peak commercial period. According to a report from AppsFlyer, mobile...
The Quarter Century Foundation for Leadership and Innovation has announced the launch of “Majawara – the Quarter Century Creative Writing Program.” This initiative aims to enhance the literary creativity of future generations and will take place from April 7 to April 10. The program offers participants a unique learning experience that combines interaction, inspiration, and...
Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, the Crown Prince of Dubai and Deputy Prime Minister and Minister of Defence of the UAE, visited the Reserve Forces Command in Abu Dhabi on Wednesday. During this visit, he reviewed the forces’ readiness and their significant achievements in enhancing the nation’s defense capabilities. Accompanying Sheikh Hamdan...
Dubai Humanitarian has been awarded the gold prize in the innovation in technology category for nonprofit organizations at the Stevie Awards for the Middle East and North Africa. This recognition highlights the organization’s commitment to leveraging technology for humanitarian efforts. The Stevie Awards celebrate achievements in various sectors, and receiving this award underscores the impact...