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Category: Business
Nativ, an online shopping platform in the United Arab Emirates (UAE), has launched a new segment to promote locally made products. This platform aims to become a central space for consumers to discover homegrown talent by featuring a growing number of home-based vendors alongside established local brands. With exclusive listings for locally sourced products, Nativ...
British luxury homeware brand LUSSO is accelerating its global expansion with a strategic entry into the UAE, as part of a bold five-year plan aimed at achieving a valuation of £1 billion. This announcement comes after a year in which the company exceeded its financial targets by 10 percent and expanded its international reach, now...
The fourth edition of ‘Make it in the Emirates’ has successfully concluded in Abu Dhabi, revealing new industrial projects valued at over AED 11 billion. The event took place over a period of four days and marked a significant milestone in promoting local industry. Credit: Economy Middle East During the event, more than 187 agreements...
The Ministry of Industry and Advanced Technology (MoIAT) has successfully secured over AED 40 billion in bank partnerships aimed at fostering industrial innovation in the UAE. Dr. Sultan bin Ahmed Al Jaber, the Minister of Industry and Advanced Technology, oversaw the signing of five Memoranda of Understanding (MoUs) with various financial institutions. These partnerships are...
The Dubai Multi Commodities Centre (DMCC) has reported a significant growth of 13 percent in the number of companies from Singapore that have joined its international business district in the past twelve months. This increase highlights the attractiveness of the DMCC to businesses looking to expand their operations in the UAE. Credit: WAM DMCC officials...
The Dubai Multi Commodities Centre (DMCC) has reported a 13% increase in the number of companies from Singapore. This announcement follows DMCC’s first-ever roadshow in Singapore, which was aimed at promoting Dubai as a top business destination. Credit: Government of Dubai Media Office During the roadshow, DMCC signed a partnership agreement with Hawksford, a leading...
New York-based Elevate has successfully acquired RISE Group, which is a marketing and commercial services consultancy located in Riyadh and Dubai. The financial details of the acquisition remain undisclosed, and the deal is subject to customary regulatory approval. This acquisition signifies Elevate’s entry into the Middle East and North Africa (MENA) region, as the company...
Emirates Stallions Group (ESG) has announced a significant expansion of its operations in the Gulf Cooperation Council (GCC) through a 16-year agreement for the usufruct rights of 13 000 square meters of warehouse space in Saudi Arabia. This acquisition was disclosed in a press release and involves two warehouse facilities with areas of 7 448...
RIYADH: MAGRABi Retail Group, a prominent eyewear company, has signed a deal to acquire Kuwait’s optical chain, Kefan Optics. This strategic move aims to broaden MAGRABi’s presence in the Gulf market, particularly within Kuwait’s competitive optical retail sector. Kefan Optics is known for its professional eye care services and a loyal customer base. The acquisition...
Dubai has firmly established itself as a significant player in the global diamond trade, with recent statistics confirming that more than 1.06 billion carats of rough and polished diamonds were traded through the city over the past five years. In 2024 alone, 179 million carats were traded. These figures were announced by Ahmed Bin Sulayem,...