Abu Dhabi-based International Holding Company (IHC) is set to acquire a stake in Haldiram Snacks, a leading Indian snack food manufacturer valued at $10 billion. This investment comes alongside New York-based Alpha Wave Global, marking a significant moment for Haldiram as it aims for international growth. The announcement follows Singapore’s Temasek, which recently acquired a...
U.S. President Donald Trump stated on Monday that the United Arab Emirates (UAE) is a very important country, and he confirmed that he will definitely visit it. He emphasized the significance of the UAE, mentioning, “There is a great leader in the UAE, and I hosted his brother here; he is a wonderful man, and...
Emirates airline has announced the launch of a new delivery service aimed at “very important parcels,” initially available to VIP customers in seven markets. The airline teased the service with an image showing an Emirates A350 aircraft landing in a residential area, where a flight attendant would deliver parcels directly to customers’ doorsteps. Given the...
A growing number of Turkish citizens are investing in real estate abroad, with Dubai and Greece becoming popular choices. According to a report from Daily Sabah, Turkish nationals spent over $2.5 billion on foreign property purchases last year, which marks a 21 percent increase compared to the previous year. In January 2025 alone, this investment...
Cerebras Systems has successfully cleared a U.S. government review concerning its connections with G42, an Abu Dhabi-based AI developer. This review was conducted by the Committee on Foreign Investment in the United States (CFIUS) and is expected to facilitate the California-based company’s long-anticipated initial public offering (IPO). The CFIUS probe specifically examined the planned $335...
EY-Parthenon, the strategy consultancy unit of EY, is set to make a significant $250 million investment in its AI-powered Edge platforms, collaborating with ecosystem partners such as Microsoft and vendors including OpenAI. This investment aims to enhance the capabilities of platforms like Competitive Edge, Diligence Edge, and Capital Edge, which provide private equity and corporate...
Burtville Developments, a prominent real estate developer in the UAE, has officially launched its first luxury hotel-branded residential project named Bab Al Qasr Resort Residence 18 & 19. This development is located in Masdar City, Abu Dhabi, and it comprises a total of 483 housing units designed to meet a wide variety of needs. The...
Saudi Aramco, in partnership with Siemens Energy, has launched the first direct air capture (DAC) unit in Saudi Arabia. This pilot facility is designed to extract 12 tonnes of carbon dioxide from the atmosphere each year, marking a significant step in the country’s efforts to reduce greenhouse gas emissions and explore sustainable technologies. Located in...
WEEX has officially opened its international office in Dubai’s central financial district, marking a significant step in its global strategy. The company joins other major exchanges like Bybit, OKX, and Bitget in establishing a physical presence in Dubai, which is recognized as the most dynamic crypto hub in the Middle East. The decision to expand...
The International Free Zone Authority (IFZA) is broadening its international reach, emphasizing its commitment to supporting the growth of the UAE economy. Martin G. Pedersen, the Chairman of IFZA, highlighted that Dubai is increasingly viewed as a launchpad for global entrepreneurs, bolstered by the UAE’s top ranking in the Global Entrepreneurship Index of 2022, where...