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Category: Business
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...
The UAE’s Al Etihad Payments has announced a new partnership with Visa to launch co-badged ‘Jaywan – Visa’ debit and prepaid cards. This development allows UAE residents to make payments both locally and internationally. With the new cards featuring both the Jaywan and Visa logos, customers will have the ability to shop at over 150...
Al Etihad Payments, a fully owned subsidiary of the Central Bank of the UAE (CBUAE), has announced a new co-badging partnership with Visa, aimed at enhancing digital payment solutions in the UAE. This partnership introduces the ‘Jaywan-Visa’ card, which combines the benefits of both financial institutions to provide a seamless payment experience for users. The...
The United Arab Bank (UAB) has announced a significant capital increase during its recent annual general assembly meeting. The assembly approved the issuance of rights shares, raising a total of AED 1.03 billion. This capital hike aims to enhance the bank’s financial stability and support its future growth requirements. The rights for subscription will be...
First Abu Dhabi Bank (FAB) is set to undergo a significant restructuring by splitting its operations into four new divisions. This strategic move aims to enhance its business in the Gulf region and improve shareholder returns, according to two sources familiar with the situation. As part of this reorganization, FAB has chosen Linos Lekkas, a...
The Dubai WoodShow, recognized as the leading platform for the wood and woodworking machinery industry in the Middle East and North Africa, is gearing up for its 21st edition from April 14 to 16, 2025. The event, set to take place at the Dubai World Trade Centre, is expected to attract over 15 000 visitors...
The UAE’s insurance sector is projected to see significant growth in 2025, with expectations of expansion between 10 percent and 20 percent. This follows an estimated growth of 20 percent in 2024, as indicated by S&P Global Ratings. S&P also noted that other Gulf countries are likely to benefit from favorable growth conditions in their...