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Category: Business
Al Ansari Financial Services PJSC (AAFS), an integrated financial services group in the UAE and parent company of Al Ansari Exchange, has successfully finalized its acquisition of BFC Group Holdings (BFC). This deal, valued at USD 200 million, positions AAFS as the largest non-banking financial institution (NBFI) in the Gulf Cooperation Council (GCC) region, particularly...
Turkish enterprise software company Bimser has officially opened its new regional office in Dubai, marking a step in its expansion throughout the MENA region. The Dubai office is set to act as a marketing and sales hub, managing relationships with both partners and customers. Bimser aims to leverage a partner-focused go-to-market model to increase the...
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister and Minister of Defense, announced the opening of the Dubai Chamber’s new office in Bangalore, India. This marks the second office for the Dubai Chamber in India, highlighting the strong economic ties between the two regions. The announcement was...
Dubai Duty Free has announced impressive sales of Dh2.06 billion ($565 million) for the first quarter of 2025. This strong performance was driven primarily by a record-setting February, which saw sales reach Dh709 million ($194 million). Among the top-selling categories were perfumes, beverages, tobacco, gold, and confectionery. Perfume sales alone hit Dh371 million, contributing 18...
EXA Capital is actively engaging in discussions with family-owned businesses, advisors, and institutional investors across Europe. The firm aims to identify and capitalize on new investment opportunities that align with its strategic vision for growth. The company is focused on driving value through operational excellence and strategic expansion, particularly from the Gulf Cooperation Council (GCC)...
The Sharjah Research Technology and Innovation Park (SRTIP) has partnered with AIM Congress, recognized as the world’s leading investment platform, to attract technology scale-ups and foster new business opportunities. This collaboration aims to enhance innovation and support the growth of startups within the innovation park. Under the terms of this partnership, SRTIP will provide exclusive...
Sotheby’s has launched a stunning diamond exhibition in Abu Dhabi, showcasing a collection valued at $100 million. This marks the auction house’s first public display in the emirate in over 15 years. The exhibition is hosted in partnership with the Abu Dhabi Investment Office (ADIO) at the Bassam Freiha Art Foundation on Saadiyat Island. The...
Etihad Airways has announced the extension of its partnership with First Abu Dhabi Bank until 2027. This collaboration, which began in 2017, continues to reward Etihad Guest loyalty members with miles for their everyday purchases, enhancing the value for both FAB credit cardholders and Etihad Guest members. As part of the renewed agreement, UAE residents...
President His Highness Sheikh Mohamed bin Zayed Al Nahyan has reaffirmed the UAE’s commitment to strengthening trade relations with African nations following the signing of a Comprehensive Economic Partnership Agreement (CEPA) with the Republic of Congo. This trade agreement was finalized after discussions with President Denis Sassou Nguesso in Abu Dhabi’s Qasr Al Bahr, focusing...
Dubai Chambers has successfully concluded the Dubai-India Business Forum in Mumbai, which took place today. The event was organized alongside the visit of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai. The forum aimed to...