Saudi developer Emaar, The Economic City, has finalized a binding restructuring agreement with the Public Investment Fund (PIF) concerning a substantial loan deal valued at SR1 billion ($266 billion). This agreement marks a significant step for the company, which is the master developer of the King Abdullah Economic City located on the Red Sea coast....
Yango Group, a global technology firm, has introduced Yango Ventures, a corporate venture fund aimed at empowering young entrepreneurs across high-growth regions, including LATAM, Sub-Saharan Africa, and MENAP. This initiative is designed to boost local innovation and entrepreneurial growth by offering both capital and access to Yango Group’s extensive experience and network, enabling startups to...
DELTA Wealth Partners has announced the upcoming launch of the DELTA Future Fund in the second quarter of 2025. This fund aims to redefine deep-tech venture capital in the region through an innovative approach that combines advanced artificial intelligence with the principle of “Artificial Wisdom.” Dr. Abdalla Kablan will lead the DELTA Future Fund, which...
Sheikh Engineer Salem bin Sultan bin Saqr Al Qasimi, the Chairman of the Department of Civil Aviation and the Board Chairman of Ras Al Khaimah International Airport, welcomed the U.S. Consul in his office on March 19. During this meeting, they discussed enhancing bilateral relations and potential cooperation in various fields, particularly in aviation. The...
Expo Centre Sharjah has reaffirmed its commitment to enhancing the exhibitions and events industry in the UAE, particularly in Sharjah. The Centre aims to foster growth that benefits essential economic, social, cultural, and educational sectors while strengthening its contribution to sustainable development. The Centre’s events calendar for 2025 features a diverse lineup of innovative and...
Businesses in the UAE face approaching deadlines for corporate tax registration, with the Federal Tax Authority (FTA) increasing its efforts to ensure compliance. The FTA has emphasized the importance for individuals subject to corporate tax to submit their registration applications by the end of March 2025. Failure to do so may result in violations of...
Wizz Air has announced the addition of two new low-cost destinations from Abu Dhabi, set to enhance travel options for residents and visitors. The airline will commence flights to Beirut on Wednesday, June 4, 2025, operating three times a week from Zayed International Airport. Flights to Beirut will be available on Mondays, Wednesdays, and Fridays,...
Emaar The Economic City (Emaar EC) has successfully obtained a loan of 1 billion riyals, equivalent to $267 million, from the Public Investment Fund (PIF) to support project costs and drive growth. This loan is part of the company’s Capital Optimisation Plan. The new financing represents an amendment to a prior agreement made in 2023...
Emirates Airlines has announced the addition of seven new destinations to its network, facilitated by the deployment of its Airbus A350 aircraft. This expansion will enhance the airline’s short- and medium-haul services across the Middle East, GCC, and Europe. Notably, this marks the first time Emirates will operate the A350 in Africa and Southeast Asia....
The Dubai Chamber of Commerce has announced the formation of the Hungarian Business Council, aiming to enhance economic ties between Dubai and Hungary. This initiative is part of the efforts by the Dubai Chamber, which operates under the broader umbrella of Dubai Chambers, to foster international partnerships and facilitate trade. In a statement, the Dubai...