Dubai Aerospace Enterprise (DAE), an aircraft leasing company, has successfully secured a $300 million loan from the Bank of China. This financing will be utilized for general corporate purposes and to support upcoming financial requirements, according to a statement released by the company. The loan is structured as a three-year unsecured term loan and was...
In a big step towards government modernization, H.H. Sheikh Mohammed bin Hamad Al Sharqi, Crown Prince of Fujairah, announced a partnership between the UAE Government and the Government of Fujairah to implement the Zero Government Bureaucracy Programme and the Global Star Rating System for services. This initiative aims to create a more efficient, flexible, and...
The Charitable Society for Orphan Care in Riyadh, also known as Insan, transferred SR10.5 million ($2.8 million) to beneficiary families in early June, benefiting a total of 35 131 individuals. This initiative was reported by the Saudi Press Agency on Monday. The funds distributed included direct cash payments, allowances for clothing, and provisions for food....
WSO2, a leader in enterprise digital infrastructure technology, has announced its acquisition of Moesif, a San Francisco-based startup known for its advanced API analytics and monetization capabilities. This all-cash deal is a key milestone in WSO2’s strategic roadmap aimed at accelerating global growth through targeted acquisitions. Moesif will continue to operate as an independent subsidiary...
Businesses in the UAE show strong confidence in their international trade prospects, with 94% indicating that they expect to expand cross-border trade in the near future. This optimism persists despite the ongoing uncertainties and cost pressures stemming from tariffs, prompting UAE firms to enhance their planning and adopt digital solutions to remain competitive. These insights...
Dubai has committed $10 billion for infrastructure investments aimed at enhancing the commercial vehicle market and supporting the emirate’s tourism economy, as reported by market research firm Frost & Sullivan. This significant investment is expected to stimulate growth in the sector. In addition to Dubai’s initiatives, Saudi Arabia has announced a substantial $267 billion in...
UAE citizens will be able to stay in Japan without a visa for up to ninety days beginning June 1, 2025. This significant change in travel regulations marks a major milestone in the diplomatic relations between the United Arab Emirates and Japan, as it triples the previous limit of thirty days. The new policy not...
CODE81, a prominent regional technology innovator, has signed a strategic Memorandum of Understanding (MoU) with the Commercial Bank of Dubai (CBD). This partnership aims to enhance CBD’s data and analytics capabilities, enabling smarter decision-making and propelling the bank’s digital transformation journey. The collaboration addresses a significant challenge faced by large financial institutions: effectively managing and...
Dušan Elko’s family business, which has been connecting Eastern European caregiving talent with the needs of Western Europe’s aging population for over three decades, is now looking to expand into the UAE. This move highlights their commitment to entrepreneurship through cross-border collaboration. The journey began in the early 1990s, following the fall of the Iron...
Emirates airline is scheduled to resume flights to Damascus starting July 16, marking the first time operations have been in place since they were suspended in 2012. This decision follows a thorough evaluation conducted in collaboration with the UAE General Civil Aviation Authority. Initially, the airline will operate three weekly flights on Mondays, Wednesdays, and...