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Category: Business
DELTA Wealth Partners has announced the upcoming launch of the DELTA Future Fund in the second quarter of 2025. This fund aims to redefine deep-tech venture capital in the region through an innovative approach that combines advanced artificial intelligence with the principle of “Artificial Wisdom.” Dr. Abdalla Kablan will lead the DELTA Future Fund, which...
Emaar The Economic City (Emaar EC) has successfully obtained a loan of 1 billion riyals, equivalent to $267 million, from the Public Investment Fund (PIF) to support project costs and drive growth. This loan is part of the company’s Capital Optimisation Plan. The new financing represents an amendment to a prior agreement made in 2023...
The Dubai Chamber of Commerce has announced the formation of the Hungarian Business Council, aiming to enhance economic ties between Dubai and Hungary. This initiative is part of the efforts by the Dubai Chamber, which operates under the broader umbrella of Dubai Chambers, to foster international partnerships and facilitate trade. In a statement, the Dubai...
Gulf Pharmaceutical Industries, known as Julphar, has been announced as the main partner for the Global Manufacturing – Pharmaceuticals segment of the 14th AIM Investment Summit 2025. This partnership was revealed by the AIM Investment Summit organizers in Abu Dhabi on March 19. Julphar’s involvement signifies a commitment to enhancing the pharmaceutical manufacturing sector on...
Apparel Group, a major player in the retail sector, is set to enhance its presence in the Gulf Cooperation Council (GCC) region with its fast fashion brand, R&B. The company has announced an ambitious plan to open 250 stores by 2025, aiming to solidify R&B’s status as one of the leading fast fashion brands in...
The e-commerce sector in the UAE has experienced substantial growth, particularly in the fast-moving consumer goods (FMCG) market, which surged by 29 percent last year, according to research from NielsenIQ. This growth reflects a broader trend of consumption-led expansion within the UAE, contrasting with Saudi Arabia’s flat performance attributed to a high base from the...
Hassana Investment Company has successfully finalized the acquisition of a 40% stake in Berain Water Company from Mohammed Abdulaziz Al-Rajhi & Sons Investment Company, also known as Rajhi-Invest. This significant transaction is expected to initiate a long-term partnership between the two companies, positioning Hassana to enhance its presence in the consumer sector of Saudi Arabia....
The Indian Business and Professional Council (IBPC Dubai) has announced the launch of a new membership category aimed specifically at empowering women and young professionals. This initiative comes in response to a recent Mastercard study, which revealed that entrepreneurship is almost equally embraced by both genders in the UAE, with 49 percent of women and...
Mubadala Investment Company, the sovereign wealth fund from Abu Dhabi, is actively pursuing partnerships with global banks and market makers to establish a consortium of up to ten partners. This consortium will provide liquidity for a new stock exchange in Rio de Janeiro, known as the Base Exchange, according to two sources familiar with the...
Dubai Chambers has announced that it will organize the Dubai Business Forum – Germany in Hamburg on May 20, 2025. This event aims to strengthen economic ties and promote business collaboration between Dubai and Germany, building on the success of previous editions held in various locations. The forum is expected to attract a diverse group...