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Category: Business
ROR Coffee Solutions, a specialty coffee provider based in the UAE, has announced a significant investment of AED30 million ($8.2 million) aimed at expanding its operations across the Middle East and Europe. This funding is part of the company’s strategy to enhance its market presence and innovation over the next five years. The investment will...
The United Arab Emirates’ state-owned aluminum producer, Emirates Global Aluminium (EGA), expects that price volatility for aluminum will persist throughout this year due to ongoing global trade tensions. The impact of U.S. tariffs on metal imports is significant, as President Donald Trump has imposed extensive tariffs, and the UAE stands as the second-largest supplier of...
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, who serves as the First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance, recently met with the Chairman of LGT Group, H.S.H. Prince Max von und zu Liechtenstein. The meeting focused on enhancing collaboration between Dubai and LGT Group, a global leader...
EFG Hermes, a company under EFG Holding and recognized as the leading investment bank in the Middle East and North Africa (MENA), announced that its investment banking division has successfully completed its advisory role for the $163 million initial public offering (IPO) of Alpha Data. This company is one of the prominent digital transformation providers...
Access to funding continues to be a significant challenge for women entrepreneurs in the UAE, as highlighted by a recent study. According to Visa’s Women SMB Digitalization Index, over half (57 per cent) of women-owned businesses in the UAE rely on personal finances to operate, while 43 per cent turn to family and friends for...
The Emirates Government Services Hub (EGSH) has announced a strategic partnership with IFZA Dubai, aimed at enhancing business operations for entrepreneurs and foreign investors. This collaboration is part of EGSH’s mission to simplify the process of business setup in Dubai, providing a comprehensive range of services tailored to IFZA’s expanding network. IFZA, known as the...
Federal Express Corporation (FedEx), recognized as the world’s largest express transportation company, has introduced FedEx Surround® in the United Arab Emirates (UAE). This innovative solution is designed for monitoring and intervention in logistics and supply chain management, offering businesses enhanced shipment visibility, control, and reliability. Built on near real-time visibility and AI-powered predictive analytics, FedEx...
ADQ, recognized as the third-largest sovereign wealth fund in Abu Dhabi, has successfully secured a majority stake in Aramex, a logistics company listed in Dubai. Following a voluntary tender offer, ADQ now owns 58 percent of Aramex. This includes 23 percent held by its subsidiary, AD Ports Group, and an additional 35 percent acquired from...
Finseta plc has announced that it has obtained a Category 3D licence from the Dubai Financial Services Authority (DFSA), enabling the company to provide payment services in the United Arab Emirates (UAE). This strategic move is part of Finseta’s plan to enhance its geographical reach and regulatory capabilities, aligning with its overall business expansion strategy....
Khalifa Economic Zones Abu Dhabi – KIZAD Group, in collaboration with Metal Park, has announced the launch of the first phase of an advanced metal storage center within the KIZAD metals complex. This center aims to provide world-class storage solutions and integrated support services to companies operating in the metals sector in the region. According...