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Category: Business
Korra Energi, an Egyptian energy solutions firm, is set to use nearly 70% of the proceeds from its upcoming initial public offering (IPO) on the Egyptian Stock Exchange to enhance its capital and finance expansion projects. The company’s Chairman, Ayman Korra, shared these details in an interview with Zawya. Initially, Korra Energi planned to offer...
Abu Dhabi’s hotel group, Rotana, is set to launch an initial public offering (IPO) as it seeks the necessary approval from its shareholders. The vice chairman noted that this move aligns with the company’s strategy for expansion and growth in the competitive hospitality sector. The company is actively pursuing mergers and acquisitions to bolster its...
Saudi Arabia’s travel company Almosafer, which is part of the Seera Group, is aiming to become a publicly traded company by the end of 2025 or early 2026, according to its chief executive, Muzzammil Ahussain. In an interview with Khaleej Times, Ahussain stated, “We’re still on track for IPO sometime in the later part of...
BNI UAE has announced the BNI UAE EXPO 2025, set to be a major business networking event in the UAE. This two-day event will take place on May 9 and 10, 2025, at the JAFZA One Convention Centre in Dubai, bringing together over 1 000 entrepreneurs, senior executives, and decision-makers from across the UAE and...
The Dubai Multi Commodities Centre (DMCC) has announced that Indian companies now make up 16 percent of its total member base, reflecting a 7 percent growth year-on-year. In the past year, 260 Indian companies have joined DMCC, bringing the total number of businesses in the international business district to nearly 4 000. Credit: ARN News...
Dubai CommerCity (DCC), the first free zone in the region dedicated to digital commerce, has announced strategic partnerships with qeen.ai and Portmind. These collaborations aim to boost e-commerce growth in the UAE by leveraging advanced AI solutions. DCC is a joint venture between the Dubai Integrated Economic Zones Authority (DIEZ) and Wasl Properties. The partnerships...
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai and Deputy Prime Minister, announced that the Dubai World Trade Centre (DWTC) produced an economic output exceeding AED 22.35 billion in 2024. This announcement was made following Sheikh Hamdan’s review of the DWTC’s 2024 Economic Impact Assessment Report, which underscores...
According to WAM, Dr. Thani Al Zeyoudi, the Minister of State for Foreign Trade, engaged in discussions with Hendrik Josef Wüst, the Minister-President of North Rhine-Westphalia, Germany. During their meeting, both parties expressed a commitment to enhance trade ties and collaborate in critical sectors, including technology, advanced manufacturing, and the green economy. Following their talks,...
The Department of Government Relations (DGR) in Sharjah hosted an official dinner to enhance economic and trade cooperation with Belgium. The event took place at The Chedi Al Bait Hotel and was attended by Sheikh Fahim Al Qasimi, Chairman of DGR, and Antoine Delcourt, Ambassador of the Kingdom of Belgium to the United Arab Emirates....
The UAE has emerged as one of the fastest-growing startup ecosystems globally, particularly in the food and beverage (F&B) sector. As this industry continues to thrive, emerging restaurateurs and young entrepreneurs are increasingly seeking innovative and affordable technology solutions to streamline their operations and enhance efficiency. Foodics, a leading Saudi-born food tech company, is playing...