The Dubai Multi Commodities Centre (DMCC) has introduced new licenses for Special Purpose Vehicles (SPVs) and Holding Companies. This initiative aims to enhance business structuring options for companies operating in Dubai and globally. The new licenses are designed to attract a wider range of businesses and facilitate their operations. DMCC officials stated that these new...
The Sharjah Research, Technology and Innovation Park (SRTIP) has entered into three significant memorandums of understanding (MoUs) with key stakeholders in the healthcare sector, including Emirates Health Services (EHS), Sharjah Health Authority (SHA), and BEEAH Group. This initiative aims to strengthen Sharjah’s position as a hub for healthcare research and innovation. The signing ceremony was...
Dubai CommerCity has announced a strategic partnership with qeen.ai and Portmind to enhance the adoption of artificial intelligence (AI) within its free zone. This collaboration was revealed during Dubai AI Week, emphasizing the commitment to integrate advanced technologies in the region. The initiative aims to foster innovation and support businesses in leveraging AI to improve...
Ayu Life Sciences, a company specializing in medical devices and cell therapy, has announced plans to invest AED 33 million in a new medical manufacturing facility located at the Jebel Ali Free Zone Authority (JAFZA). This investment marks a significant step in enhancing the company’s production capabilities and expanding its footprint in the healthcare sector....
Billionaire Michael Platt’s private investment firm, BlueCrest Capital Management, has obtained full regulatory authorization from the Dubai Financial Services Authority (DFSA). This approval allows the firm to hire traders and manage capital from Dubai, a city that has increasingly become a hub for money managers in recent years. According to sources familiar with the situation,...
BridgeWise Launches UAE Operations with DIFC License and Investment from Emirates NBD, an AI-powered investment intelligence platform, has officially launched its operations in the UAE after securing a license from the DIFC. This achievement marks a significant step in the company’s global expansion strategy and enhances its position in one of the world’s leading fintech...
The International Free Zone Authority (IFZA) has strengthened its strategic partnership with the Bundesverband mittelständische Wirtschaft e.V (BVMW) to promote business and investment opportunities in the United Arab Emirates (UAE) at the Zukunftstag (Future Day) event held in Berlin. This initiative aims to enhance the commercial and economic ties between the UAE and Germany. This...
DP World has officially announced the commencement of construction for Bharat Mart in Dubai, a significant development set to enhance trade opportunities for Indian exporters. This massive project will span 2.7 million square feet and is designed as a B2B and B2C marketplace, with an expected opening by the end of 2026 in the Jebel...
Avaloq, a well-established player in private banking, wealth management, and investment management technology, has officially opened its new regional office in the Dubai International Financial Centre (DIFC). This move comes after the company signed a partnership with InvestGB, the wealth and investment management arm of Gulf Bank, and secured another major client in the Gulf...
Dubai International Financial Centre (DIFC) has announced that residential sales for its upcoming Heights Tower will begin on April 16. This development will feature 366 luxury residences, ranging from one-bedroom apartments to four-bedroom duplexes, and is positioned on the last plot within the original DIFC district. Heights Tower, developed by DIFC Developments, aims to establish...