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Category: Business
The Federation of the UAE Chambers of Commerce and Industry (FCCI) organized the inaugural meeting of the UAE-Kyrgyz Joint Business Council on February 5, 2025. This meeting, which took place in collaboration with the Sharjah Chamber of Commerce and Industry (SCCI), aimed to enhance economic and trade relations between the UAE and the Kyrgyz Republic....
EasyLease (ADX: EASY LEASE) has announced its audited financial results for the fiscal year 2024, revealing a total revenue of AED456 million. This figure represents an impressive 53% year-over-year growth, solidifying the company’s leadership position in the rapidly evolving mobility sector in the region. The results underscore Easy Lease’s capability to maintain strong financial performance...
Abu Dhabi’s sovereign wealth fund, ADQ, has formed a strategic partnership with Orion Resource Partners to create a new joint venture focused on enhancing supply chain security in the metals and mining sector. This collaboration, named Orion Abu Dhabi, will see an initial investment of $1.2 billion over the next four years, with both parties...
Al Seer Marine, a subsidiary of International Holding Company (IHC), has released its financial results for 2024, indicating a notable operational growth amid recovering market conditions. The company reported a total revenue of AED 1.281 billion, reflecting a 4.0 percent increase from the previous year. This growth was attributed to diversification across several key sectors,...
The Sharjah Chamber of Commerce and Industry (SCCI) has launched the “Business Impact” Podcast, announced during the Sharjah Real Estate Exhibition “ACRES 2025.” The event took place from January 22 to 25 and was organized in collaboration with the Sharjah Real Estate Registration Department (SRERD). This podcast aims to emphasize Sharjah’s significance as a strategic...
The e-commerce market in the UAE is experiencing significant growth, with revenue projected to increase at a rate of 8.39 percent from $33.97 billion (Dh125 billion) in 2025 to $46.88 billion (Dh172 billion) by 2029. This growth trend is highlighted in a report by Statista.com, a global online market intelligence provider. As consumers continue to...
EFG Hermes, a leading investment bank in the Middle East and North Africa (MENA), has been recognized as the top investment bank in the MENA Equity & Equity-Related category for 2024 by the London Stock Exchange Group (LSEG). The firm led the MENA market in equity capital market (ECM) activities, successfully completing 11 Initial Public...
H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, held a meeting with Andrew R. Jassy, the President and CEO of Amazon, on January 28, 2025. The discussion focused on ways to strengthen cooperation and enhance the strategic partnership between Abu...
The International Free Zone Authority (IFZA) has entered into a strategic partnership with RAKBANK, aiming to enhance business and financial solutions for its partners. This collaboration is designed to provide a comprehensive range of tailored banking services for entrepreneurs and businesses operating under IFZA, which is in line with their mutual goal of fostering business...
AMMROC, a leading name in military maintenance, repair, and overhaul (MRO) solutions in the Gulf region, has partnered with UK-based aerospace engineering company Marshall. Both companies recently signed a Memorandum of Understanding (MoU) to explore ways to expand their market reach and improve their service capabilities. The partnership will focus on combining AMMROC’s advanced MRO...