The United Arab Emirates has claimed the top spot globally for the fourth consecutive year in the Global Entrepreneurship Monitor (GEM) report for 2024/2025. The report highlights the UAE as the best environment for entrepreneurship and small to medium enterprises among 56 economies included this year. The UAE achieved first place among high-income countries in...
The European Commission has announced that its antitrust regulators will make a decision by May 12 on whether to approve or reject Adnoc’s acquisition of the German chemical company Covestro. This deal, valued at €15.9 billion (approximately $17.2 billion), represents Adnoc’s largest acquisition to date, which was agreed upon in October of last year as...
In the first quarter of 2025, stock brokerage firms in the Dubai Financial Market added approximately 19 658 new trading accounts. This surge in account openings highlights an increasing interest in stock trading within the region. The growth in new accounts comes as part of a broader trend in the UAE’s financial markets, where more...
Wizz Air Abu Dhabi, the low-cost national airline of the United Arab Emirates, has announced the launch of its new flights to Varna in Bulgaria and to Baneasa Airport in Bucharest. This move enhances the airline’s list of destinations in Eastern Europe and reinforces its commitment to providing reliable, low-cost travel solutions for all passengers....
India’s manufacturing sector showed significant growth in March, reaching its highest expansion rate in eight months, driven by robust domestic demand. The HSBC India Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, rose to 58.1 in March, up from 56.3 in February. This figure exceeded a preliminary estimate of 57.6 and remained well above...
Bahrain’s Al Munther satellite has successfully reached its designated orbit and is now sending signals back to Earth, as confirmed by the Bahrain Space Agency (BSA). The satellite was launched on March 15, 2025, from the Vandenberg Air Force Base in the United States, aboard a SpaceX Falcon 9 rocket as part of an international...
The Gulf Cooperation Council Interconnection Authority (GCCIA) has announced plans to invest up to $1.3 billion in network expansion between 2025 and 2027. This significant investment is expected to impact the authority’s credit metrics, as all projects will be financed through debt, according to S&P Global Ratings. S&P Global Ratings anticipates that GCCIA will invest...
The Maritime Battery Forum (MBF) and the Zero Emission Shipping Technology Association (ZESTAs) have formally signed a Memorandum of Understanding (MOU) aimed at advancing technologies for zero-emission shipping. This partnership was established during a signing ceremony held onboard Yinson GreenTech’s Hydromover, which took place at the WATTS UP APAC conference in Singapore, an event centered...
REEF Luxury Development has officially opened its new sales gallery in the upscale Jumeirah Third neighborhood of Dubai. This innovative space provides a preview of the future of luxury living, highlighting the company’s patented Sunken Balcony with Outdoor Cooling and the Winter Garden. These features are designed to redefine outdoor comfort by integrating advanced technology...
The alternative investment sector has experienced a significant transformation with the official launch of SWI Group, resulting from a strategic merger between Icona Capital and Stoneweg. The newly formed entity boasts combined assets under management exceeding US $11 billion, establishing itself as a key player in various investment categories. French billionaire Max-Hervé George, who played...