The UAE and Sweden have formalized an agreement focused on political consultations, aiming to strengthen collaboration in various sectors such as the economy, trade, education, and culture. This agreement was established during a meeting between His Highness Sheikh Abdullah bin Zayed Al Nahyan, the Deputy Prime Minister and Minister of Foreign Affairs of the UAE,...
Ras Al Khaimah (RAK) is increasingly becoming a significant global investment hub, attracting businesses and luxury developers with its investor-friendly policies and stunning natural landscapes. The emirate has seen a remarkable transformation, moving from a quiet escape to a hotspot for global enterprises. In 2024, RAK recorded a 12% increase in tourism revenues, welcoming over...
The Abu Dhabi Investment Authority (ADIA) is enhancing its focus on Artificial Intelligence (AI) by participating in a $200 million seed funding round for a US-based firm specializing in life sciences called Lila Sciences. The financial specifics of this investment, which was made through a wholly owned subsidiary of ADIA, have not been disclosed. Lila...
Gulf Navigation Holding PJSC (“GULFNAV”), a maritime and shipping company listed on the Dubai Financial Market, announced that its shareholders have approved the strategic acquisition of assets and companies owned by Brooge Energy Limited (“BEL”) for AED 3.2 billion. This decision was made during the General Assembly Meeting held on March 13, 2025. The acquisition...
MIDBANK has entered into a long-term partnership agreement with Visa, which is recognized globally as a leader in payment technology and digital solutions. This announcement was made in an emailed press release and marks a significant step for MIDBANK in expanding its digital payment offerings. The collaboration aims to provide customers with the latest digital...
The National Bank of Kuwait (NBK) is actively supporting the “Let’s Be Aware” banking awareness campaign, which was initiated by the Central Bank of Kuwait (CBK) in partnership with local banks and the Kuwait Banking Association (KBA). This campaign aims to enhance financial literacy, promote financial inclusion, and educate customers from various segments of society...
Ignite Energy Access, a prominent provider of Distributed Renewable Energy (DRE) solutions in Africa, has announced plans to establish its global headquarters in Abu Dhabi, following a strategic agreement with the Abu Dhabi Investment Office (ADIO). This collaboration aims to enhance job creation and support Ignite’s mission to connect 100 million people in Africa with...
Abu Dhabi is set to introduce the world’s largest drone light show through a strategic partnership between the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), Colorado-based Nova Sky Stories, and the Emirati company Analog. The signing of this agreement was witnessed by Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the...
Dubai Aerospace Enterprise (DAE) announced today that it has signed agreements with multiple counterparties to acquire 17 aircraft for an estimated total of around $1 billion. This new portfolio is entirely composed of next-generation aircraft, with 89 percent categorized as narrow-body aircraft. Firoz Tarapore, the CEO of DAE, expressed satisfaction with the acquisition, stating that...
AMIS Development, a luxury real estate builder, has officially broken ground on its latest residential project, Woodland Terraces, valued at AED 130 million. This new development is situated in District 11 of Meydan, Dubai, and construction is set to be completed in the first quarter of 2027. The groundbreaking ceremony took place on-site and was...