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Category: Business
Businesses from Saudi Arabia and Morocco are considering the establishment of a joint investment fund aimed at financing projects in both countries. A delegation of 30 prominent Saudi companies met with their Moroccan counterparts in Rabat this week to discuss this proposal. The Saudi delegation’s visit coincided with Morocco’s extensive preparations for co-hosting the 2030...
In a significant development for the architectural and design industry, Bluehaus has announced its partnership with tp bennett, a well-established UK architecture firm. This collaboration marks a pivotal moment in Bluehaus’s journey, which began in 2002 when it was founded in a small office on Dubai’s Bank Street. The founder of Bluehaus expressed that the...
Abu Dhabi’s Mubadala Investment Company has announced an agreement to acquire a 30 percent stake in Loscam International, a Hong Kong-based pallet manufacturer. Although the sovereign wealth fund did not disclose the transaction’s value, Hong Kong-listed Sinotrans has reported it to be worth $567 million. In a market filing, Sinotrans explained that the deal involves...
Warner Bros. Discovery has teamed up with Etisalat’s StarzOn platform to launch its first-ever kids-focused Free Ad-Supported Streaming Television (FAST) channel. This new channel went live on July 1, 2025, marking a significant milestone in providing families and children around the world with free access to Warner Bros. Discovery’s premium children’s content. The channel will...
Abdullah bin Touq Al Marri, the UAE Minister of Economy and Tourism, announced that a total of 22 415 new Indian companies entered the UAE market during the first half of 2025. This marks an increase of over 10% compared to the same period in 2024. By the end of the first half of 2025,...
The United Arab Emirates, especially Dubai, has become a global hotspot for wealth migration, driven by regulatory reforms, attractive tax policies, and the introduction of long-term Golden Visas. According to the recent Henley & Partners Private Wealth Migration Report, the UAE is expected to welcome at least 9,800 millionaires by 2025, highlighting its growing appeal...
Beam Global (NASDAQ: BEEM) announced on Thursday that it has signed a joint venture agreement with the Platinum Group, which is based in the United Arab Emirates (UAE). This partnership aims to establish a new entity known as Beam Middle East, focusing on advancing renewable energy solutions in the region. The collaboration reflects Beam Global’s...
The Sharjah Economic Development Department (SEDD) has introduced a new service called the “Instant Licence,” aimed at accelerating the business setup process and encouraging investment in the emirate. This initiative received approval from the Sharjah Executive Council. With the Instant Licence, entrepreneurs and investors can obtain a commercial licence within just one working day. Notably,...
The UAE and China have officially launched the Qingdao Overseas Integrated Service Centre (QOISC) during the China-Arab Business Forum in Qingdao. This initiative represents a significant advancement in strengthening economic ties and accelerating trade, which reached a record $400 billion between China and the Arab world in 2024. The forum was organized by the Qingdao...
Royaloak Furniture, one of India’s largest organized furniture retail chains, has announced its entry into the UAE market as part of its broader international expansion strategy. The brand, which has over 15 years of operational history and a customer base exceeding 5 million, has opened three stores in the UAE—located in RAK Mall (Ras Al...