American multinational business Parsons buys $475 million worth of contracts from Saudi Arabia and the UAE. The contracts are for work in technology, defense, intelligence, and infrastructure engineering. In Saudi Arabia in the fourth quarter of 2024, the business won two big deals worth a total of $275 million. The work that goes along with...
Innovations in artificial intelligence (AI) that are changing and growing the Sultanate of Oman were recently shown off at the Microsoft AI Tour. The event, which took place at the St. Regis and was organized by Qais bin Mohammed al Yousef, Minister of Commerce, Industry, and Investment Promotion, showed how committed the country is to...
With an ambitious plan led by Sharjah Media City (Shams), Sharjah is starting a journey that will change the way movies are made in the area. The goal of this project is to make the emirate a center for film production and creative businesses. This will make it a game-changer in the media sector of...
DIFC has started a new study series called “Future of Finance“. The first study, “The Global Finance and Investment Outlook: Charting technological shifts and new global flows,” was put out with the help of Asia House, a research partner. This report talks about important changes and trends that are happening in the global financial services business....
A new study shows that Dubai Internet City has had a big effect on the city’s income over the past 15 years, adding AED 100 billion to the city’s GDP. This conclusion comes from an impact study that was done with Accenture and included opinions from several top leaders in the ICT (information and communications...
Mindbase Education is actively working to shape well-rounded individuals by supporting students throughout their academic and professional journeys. The institution focuses on integrating academic learning with sports training to prepare students for success in an ever-evolving world. Since its establishment in 2021, under the guidance of Tariq Al Obaidli, Mindbase Education has expanded its vision...
In an effort to draw in international business owners, financiers, investors, and talented professionals, the United Arab Emirates (UAE) has created a new visa category called the Business Opportunities Visa. For a maximum of 180 days, this visa permits eligible individuals to travel to the United Arab Emirates, where they can investigate investment prospects, conduct...
President His Highness Sheikh Mohamed bin Zayed Al Nahyan met with Italian Minister of Defence Guido Crosetto on Wednesday, during the International Defence Exhibition (IDEX) in Abu Dhabi. The two leaders discussed defence cooperation between the United Arab Emirates and Italy, emphasizing the importance of IDEX as a major global platform for defence companies and...
Energy trader and gas carrier owner BGN has successfully doubled its revolving credit facility to $232.5 million, receiving support from the Abu Dhabi Exports Office (ADEX) and First Abu Dhabi Bank (FAB). This significant increase in funding reflects the strong confidence from lenders in BGN’s operations and growth potential. The original facility was set at...
The Virtual Assets Regulatory Authority (VARA) in Dubai gave Mantra Finance a permission to be a Virtual Asset Service Provider (VASP). This important development allows Mantra Finance to expand its operations in the UAE and the wider MENA region, positioning itself as a key player in the digital asset market. Now that Mantra Finance has...