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Category: Business
The Gulf Commodity Exchange, recognized as the first international exchange for futures and commodities in the Middle East, has announced a memorandum of understanding with the Shanghai Futures Exchange (SHFE). This agreement aims to establish a framework for strategic cooperation between the derivatives markets in the Middle East and China. The memorandum focuses on enhancing...
The Sharjah Cyber Security Center, part of the Sharjah Digital Department (SDD), has signed a memorandum of understanding (MoU) with Fortinet Inc., a leading global cybersecurity solutions provider based in the United States. This partnership aims to strengthen the cybersecurity ecosystem in the Emirate of Sharjah and enhance national capabilities to combat cyber threats. The...
Dubai-based talent management company Dandelion Civilization plans to launch next month with a goal of improving hiring efficiency by 40% through a game-based assessment platform. This initiative aims to help employers discover talent by focusing on behavior rather than just resumes, addressing the challenges of outdated recruitment models and increasing application volumes faced by many...
Creative Zone Group, a corporate service provider established in Dubai in 2010 by Steve Mayne and Mahesh Dalamal, has been acquired by Encor Group, which is headquartered in Hong Kong. The financial details of the acquisition have not been disclosed. As part of this transition, all shareholders have completely exited and are no longer involved...
The Dubai Chamber of Commerce has finalized its preparations for an upcoming trade mission to Angola and Mozambique, scheduled from April 21 to April 25. This initiative is part of the chamber’s ‘New Horizons’ program, which aims to support the international growth of companies based in Dubai by providing access to high-potential global markets. Recently,...
Under the banner of “Innovate in Sharjah,” the Sharjah FDI Office (Invest in Sharjah) and the Sharjah Research, Technology and Innovation Park (SRTIP) participated in InnoEX 2025 held in Hong Kong. This event allowed the delegation to explore collaboration opportunities in technology, innovation, and research. The presence of the Sharjah delegation underscored the emirate’s advanced...
Dubai Investments, a diversified company listed on the Dubai Financial Market, is preparing to sell stakes in four of its subsidiaries through initial public offerings (IPOs), as stated by Khalid Bin Kalban, the company’s vice chairman and CEO. He announced the intention to launch one IPO each year, following thorough internal and external evaluations of...
PeopleStrong, a prominent provider of human capital management (HCM) software as a service (SaaS), announced today that Goldman Sachs Alternatives has acquired a majority stake in the company. This investment marks a significant step in PeopleStrong’s growth strategy within the Gulf Cooperation Council (GCC) region, particularly targeting markets in the UAE and Saudi Arabia. The...
BEEAH, a leading pioneer in sustainability and innovation in the region, has formed a strategic partnership with Sharjah Sustainable City, the first master-planned sustainable residential community developed by the Sharjah Investment and Development Authority (Shurooq) in collaboration with Diamond Developers. This partnership aims to transform waste management practices and further advance the Environmental, Social, and...
PayPal, a global digital payments and commerce platform, has a strategic partnership with TerraPay, a leading global money movement company. This collaboration aims to enable real-time fund transfers for PayPal customers across the Middle East and Africa. The initiative is designed to drive economic growth by facilitating faster, user-friendly, and more accessible cross-border transactions by...