Dubai-based Al-Futtaim Industrial Equipment has formed a partnership with the Chinese electric vehicle manufacturer BYD to launch electric trucks and buses in the United Arab Emirates. This collaboration aims to introduce four electric commercial vehicles tailored for logistics, freight, and public transportation. The showcased vehicles include the ETM6 Electric Truck, EV Light Truck T5, EV...
UAE lender Deem Finance, which is part of the Gargash Group, has successfully obtained an asset-backed securitization facility (ABS) of up to $400 million from J.P. Morgan. This significant financing arrangement aims to enhance the company’s balance sheet and to support its lending activities directed towards small and medium-sized enterprises (SMEs) and consumers. The deal...
Saudi Arabia’s Public Investment Fund (PIF) and Goldman Sachs Asset Management have recently signed a non-binding memorandum of understanding (MoU). This partnership will allow PIF to serve as a strategic anchor investor for new private credit and public equity strategies in Saudi Arabia and the wider Gulf Cooperation Council (GCC) region. An anchor investor is...
The Dubai Future Foundation (DFF) has officially signed a Memorandum of Understanding (MoU) with the Artificial Intelligence Center Hamburg (ARIC). This significant partnership marks DFF’s inaugural global collaboration aimed at enhancing advancements in artificial intelligence. The MoU was established to foster joint efforts in AI research and development, paving the way for innovative projects that...
The Sharjah Economic Development Department (SEDD) has formed a partnership with the Department of Statistics and Community Development (DSCD) to improve economic data collection and classification in the emirate. This collaboration aims to enhance the quality and accuracy of economic data, which is essential for conducting precise economic surveys across various companies and institutions. The...
Gama Aviation is set to showcase its commitment to providing top-tier business aviation services with the launch of its new Fixed Base Operation (FBO) facility at Sharjah International Airport. This event will be highlighted during the inaugural Business Aviation Asia Forum & Expo (BAAFEx) 2025, which is scheduled to take place at the Changi Exhibition...
Dubai’s real estate market has achieved a significant milestone, recording sales worth AED 100 billion from the start of 2025 until March 4, according to W Capital, a Dubai-based real estate brokerage. This achievement marks the fastest time frame to reach such a sales figure, occurring within just 44 working days. W Capital’s analysis, based...
The Supreme Committee for Urban Planning, chaired by His Excellency Mattar Al Tayer, is accelerating Dubai’s development plans to enhance its position as a leader in quality of life. During the Committee’s 33rd meeting, they reviewed crucial strategies and projects that align with the Dubai 2040 Urban Master Plan, focusing on achieving the vision of...
Expo Centre Sharjah is preparing to launch the 2025 edition of the “Ramadan Nights” exhibition, featuring over 200 leading retailers and nearly 500 global and local brands. The event is set to run from March 6 until March 30 as part of the 35th edition of the “Sharjah Ramadan Festival.” This exhibition provides visitors with...
The Dubai Government Human Resources Department (DGHR) has entered into a Memorandum of Understanding (MoU) with SHL, aiming to enhance the skills of 100 HR professionals within the Dubai government. This initiative is designed to improve talent management capabilities and advance human resources practices across various government entities. According to the DGHR, this collaboration will...