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Category: Business
The United Arab Emirates (UAE) and the European Union (EU) are set to commence negotiations for a comprehensive free trade agreement, as announced by officials from both sides. This initiative aims to enhance economic ties and stimulate growth between the two parties. Sheikh Mohamed bin Zayed Al Nahyan, the President of the UAE, expressed that...
Dubai-based Mashreq has announced a partnership with Goldman Sachs Asset Management to offer discretionary investment services aimed at high-net-worth individuals in the Gulf region. This collaboration is designed to meet the increasing demand for professionally managed portfolios, with services expected to be available starting this month. As the number of affluent individuals seeking sophisticated investment...
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...