Addepar, a prominent global data and technology platform that supports investment professionals, has announced the opening of its first office in Dubai, located in the Dubai International Financial Centre (DIFC). This office will serve the Middle East and Africa (MEA) region, allowing Addepar to better cater to its expanding clientele, which includes family offices, wealth...
ROR Coffee Solutions, a specialty coffee provider based in the UAE, has announced a significant investment of AED30 million ($8.2 million) aimed at expanding its operations across the Middle East and Europe. This funding is part of the company’s strategy to enhance its market presence and innovation over the next five years. The investment will...
The Ajman Transport Authority (ATA) has introduced a new open, contactless payment system for public buses, enhancing convenience for passengers. This system allows users to make payments easily and securely using various methods, including bank cards, Apple Pay, Google Pay, and wearable devices such as smartwatches. This initiative aims to improve the overall transportation experience...
Al Maryah Community Bank (Mbank), a prominent digital bank in the United Arab Emirates, has signed a Memorandum of Understanding with Abu Dhabi University to develop various academic, training, and professional development programs for undergraduate and graduate students. This partnership aligns with the Abu Dhabi government’s vision to foster collaboration with leading educational institutions and...
Recent observations suggest that the pace of residential rent increases in Dubai may be slowing down, particularly in specific areas. Betterhomes, a brokerage firm, reports an increase in rental inventory, indicating that more properties are becoming available for tenants. Rupert Simmonds, the Director of Leasing at Betterhomes, noted that this trend is reinforcing the idea...
The Roads and Transport Authority (RTA) of Dubai is advancing its efforts to mitigate traffic congestion with the planned introduction of the Dubai Metro’s Gold Line. This new line aims to enhance connectivity between the older parts of Dubai and the newer residential and commercial developments. According to a report by MEED (Middle East Business...
Oniverse Group, an Italian fashion company, has announced the grand opening of three flagship stores—Calzedonia, intimissimi, and intimissimi Uomo—at Dubai Mall. These stores are situated in a linked block alongside the existing Tezenis store, creating a seamless shopping experience for customers. Tamara Jaber, the Brand Manager at Oniverse Group, expressed that the opening of these...
Dubai-based robotics manufacturer Micropolis Holding has successfully raised $15.5 million from its recent initial public offering (IPO) on the New York Stock Exchange (NYSE) American. The company specializes in developing autonomous mobile robots and offered approximately 3.9 million ordinary shares priced at $4 each, which is at the lower end of the expected range. Following...
The UAE Cabinet has officially approved the executive regulations for organizing the legal profession and legal consultancy. This initiative aims to enhance the judicial system in the country and to improve indicators related to the rule of law and the enforcement of justice, ensuring timely fairness built on concepts of partnership and integration. The new...
GEMS Education has entered into the largest renewable energy agreement in the UAE education sector with Positive Zero. The deal includes the design, engineering, installation, and maintenance of solar power systems on rooftops, carports, and bus parking areas at 23 schools in Dubai. According to Zawya, the solar systems are expected to have a total...