Abu Dhabi First Bank Egypt has announced the launch of “FABMISR E-Connect,” a new digital platform designed specifically for large enterprises and multinational corporations. This innovative platform demonstrates the bank’s commitment to providing advanced banking solutions that redefine customer experience. The E-Connect FABMISR platform offers a comprehensive banking experience, enabling companies to monitor and manage...
Hadayieq Company has announced plans for the grand reopening of Giza Zoo and Orman Garden in September 2025 following a significant renovation project. The redevelopment, which was showcased at ITB Berlin, aims to reposition these historic attractions as premier global destinations for adventure and exploration. To achieve this ambitious goal, Hadayieq is collaborating with leading...
The United Arab Bank (UAB) has announced a significant capital increase during its recent annual general assembly meeting. The assembly approved the issuance of rights shares, raising a total of AED 1.03 billion. This capital hike aims to enhance the bank’s financial stability and support its future growth requirements. The rights for subscription will be...
President Abdel Fattah Al-Sisi convened with Prime Minister Mostafa Madbouly and Finance Minister Ahmed Kouchouk to review Egypt’s financial performance and outline the key features of the upcoming fiscal year (FY) 2025/26 budget. The proposed budget includes increased allocations for the “Takaful” and “Karama” social protection programs, reflecting the government’s commitment to enhancing support for...
Munaf Ali, the CEO of the UAE-based cryptocurrency firm Phoenix, has purchased over 20 million shares from the open market. This significant investment is aimed at reaffirming his strong belief in the company’s future prospects and long-term growth trajectory. Currently, Phoenix’s stock is trading at Dh0.99 on the Abu Dhabi Securities Exchange (ADX), which is...
Abu Dhabi has taken a significant step in addressing the growing concern of excessive screen time among children by opening the UAE’s first digital detox clinic. This initiative reflects the increasing awareness of the need to manage children’s screen usage and its potential negative impacts on their health and wellbeing. The digital detox clinic aims...
The Sharjah Investment and Development Authority (Shurooq) is expanding its portfolio of hospitality projects and attractions with the development of a new adventure park in Khor Fakkan. This exciting venture will feature a zipline, swings, and hiking trails, according to Ahmed Obaid Al Qaseer, CEO of Shurooq. Al Qaseer stated, “We are developing Al Jabel...
The Roads and Transport Authority (RTA) in Dubai has introduced the next-generation 360 Services Policy, designed to significantly enhance customer experience by offering integrated, seamless, and proactive digital services. According to a report from WAM, this policy eliminates the need for in-person visits, enabling users to access services efficiently through digital platforms like the “Dubai...
The United Arab Emirates (UAE) is witnessing a significant evolution in its tax culture, which is crucial for fostering a more sustainable and diversified economy. Analysts and tax experts emphasize that this shift will increase transparency and boost investor confidence. The corporate sector has quickly aligned itself with tax compliance due to effective awareness campaigns...
UAE-based healthcare payments solutions provider Klaim has successfully secured $10 million in Series A equity funding, along with an additional $16 million in financing. This total investment of $26 million aims to support Klaim’s plans for regional expansion, particularly in the MENA region. The funding will facilitate Klaim’s mission to transform the healthcare financial landscape...