Dubai International Chamber has announced that 62.7% of the multinational companies (MNCs) it attracted in 2024 are from Asia. This statistic highlights the growing importance of the Asian market in Dubai’s business landscape. The data was revealed as part of the Dubai International Chamber’s efforts to enhance the emirate’s position as a global business hub....
Nvidia GeForce Middle East, in collaboration with the Dubai Program for Gaming 2033 (DPG33) and led by the Dubai Future Foundation (DFF), hosted the inaugural Nvidia RTX AI GameCraft. This pioneering event highlighted the future of game development leveraging Nvidia’s RTX AI technologies and showcased the top game development talent from the UAE. The RTX...
The Sharjah Roads and Transport Authority (SRTA) has partnered with King Long, a premium bus and coach manufacturer, to introduce the first fleet of electric buses in Sharjah. This initiative represents a significant advancement in the emirate’s public transportation industry and supports SRTA’s commitment to promoting sustainable mobility within the UAE. Currently, King Long has...
Falcon, a Dubai-based aviation company, is set to invest $100 million to enhance its aircraft maintenance, repair, and overhaul facility located in the Mohammed Bin Rashid Aerospace Hub, a free zone in Dubai South. This significant investment will be rolled out over the next five years and includes plans to build a new private jet...
Dubai is set to open a dedicated building, known as the DIFC Hedge Funds Centre, specifically designed for hedge fund startups aiming to expand into the city. This initiative reflects Dubai’s growing reputation as a hub for the hedge fund sector and is expected to result in 20 to 30 contracts being signed by the...
Pemo, a prominent FinTech company based in the UAE, has announced a collaboration with Hale Education Group to launch a summer internship program aimed at high school students. This initiative is designed to provide students with practical, hands-on experience in the business world, particularly within the rapidly growing FinTech sector. The program, led by Pemo...
Dubai-based Salica Spring Studios, supported by Salica Investments and Al Waha Fund of Funds, has announced a strategic investment in BILRS, a fast-growing provider of global bill payment solutions. This partnership is a significant step forward for BILRS as it aims to enhance its operations and improve financial accessibility for users worldwide. The investment will...
The Indian government has updated its passport application process, now requiring birth certificates as the sole accepted proof of date of birth for individuals born on or after October 1, 2023. This change aims to standardize documentation and ensure consistency in age verification. The Embassy in Abu Dhabi and the Consulate in Dubai confirmed that...
The Brands For Less (BFL) Group, an off-price retailer operating in the GCC and Southeast Asia, has formed a partnership with Google Cloud aimed at accelerating its digital transformation journey. This collaboration is designed to empower BFL Group to utilize Google Cloud’s advanced data analytics, artificial intelligence (AI), and machine learning (ML) capabilities to enhance...
The Al-Futtaim Family Office from Dubai has become a strategic investor in the Chinese electric vehicle maker BYD Co., which recently raised HK$43.5 billion (approximately $5.6 billion) in Hong Kong’s largest share sale in nearly four years. This significant investment comes as BYD sold 129.8 million shares, priced at HK$335.20 each, reflecting a 7.8% discount...