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Category: Business
Majid Al Futtaim has announced plans to significantly expand its luxury retail presence in the Gulf Cooperation Council (GCC) in 2025, following a record-breaking 2024 that saw a 26 percent increase in revenue. This expansion reflects the company’s commitment to enhancing its portfolio of luxury brands in the region. The new stores will feature well-known...
Multiply Group has formed a partnership with Saudi Media Company (SMC) by signing a memorandum of understanding to create an advanced advertising technology (AdTech) platform. This collaboration aims to foster innovation in AI-powered advertising solutions, enhance digital capabilities, and penetrate high-growth markets within the MENA region. The partnership will focus on improving the advertising sector...
United Global Ro-Ro, a joint venture between Noatum Maritime, part of the AD Ports Group’s Maritime & Shipping Cluster, and Erkport, has celebrated a significant milestone with the maiden voyage of its first LNG-powered Pure Car and Truck Carrier (PCTC) at Autoterminal Khalifa Port. The arrival of the vessel, named UGR Al Samha, marks the...
Investopia and Deutsche Bank recently organized an exclusive conference aimed at highlighting the latest developments in the UAE’s business environment and exploring investment opportunities across vital sectors such as retail, manufacturing, tourism, and technology. The event served as a platform to showcase the UAE’s competitive advantages for family enterprises, investors, and international businesses looking to...
The inaugural UAE-Morocco Business Council was officially launched in Sharjah, marking a significant step in strengthening economic ties between the two nations. Abdullah Sultan Al Owais, who serves as the Vice Chairman of the Federation of UAE Chambers of Commerce and Industry and Chairman of the Sharjah Chamber of Commerce and Industry (SCCI), proudly welcomed...
DP World has officially announced the commencement of construction for Bharat Mart in Dubai, a significant development set to enhance trade opportunities for Indian exporters. This massive project will span 2.7 million square feet and is designed as a B2B and B2C marketplace, with an expected opening by the end of 2026 in the Jebel...
Abu Dhabi National Oil Company (Adnoc) is currently evaluating a bid for the natural gas assets of Aethon Energy Management, a US-based investment firm focused on energy. According to sources familiar with the matter, these assets could be valued at approximately $9 billion. Adnoc is collaborating with advisors to assess this potential offer, as other...
The UAE and Ireland have formalized their commitment to enhance economic and technical cooperation by signing a memorandum of understanding. This agreement, which aims to establish a Joint Economic Commission, is part of broader efforts to deepen bilateral ties and foster private sector engagement. The MoU was signed by Dr. Thani Al Zeyoudi, the UAE...
Natasha Sideris has opened a culinary lab called The Academy in Dubai, which focuses on food innovation. The Tashas Group, known for its popular restaurants, will incorporate dishes and drinks created at this new facility into their menus. The Academy aims to explore new culinary trends and techniques, positioning itself as a hub for creativity...
The Oman-India Joint Investment Fund – Management Company (OIJIF) has appointed Satish Chavva as its Chief Executive Officer, effective April 1, 2025. The fund is a private equity manager promoted by the Oman Investment Authority (OIA) and the State Bank of India (SBI). This leadership change comes as OIJIF seeks to enhance its operations and...