The Minister of State for Foreign Trade of the United Arab Emirates (UAE), Thani Ahmed Al Zeyoudi, says that a major free trade zone deal between the Eurasian Economic Union (EAEU) and the UAE will be signed in the next few months. During the Made in Russia expo in Abu Dhabi, he gave this update...
The Indian food company Haldiram’s and the Jebel Ali Free Zone (Jafza) are working together to build one of the biggest saffron production plants in the Gulf Cooperation Council (GCC). The deal was made in Dubai at the Gulfood event. The building is set to open for business in March 2025. Kesar Expert and Packers...
Ras Al Khaimah Economic Zone (RAKEZ) has teamed up with Praxis, a leader in pension solutions and workplace services, and Equevu, a technology company that focuses on integrating systems and keeping data safe. The goal of this partnership is to bring the Middle East Workplace Savings Scheme (MEWSS) to the attention of the RAKEZ business...
With an ambitious plan led by Sharjah Media City (Shams), Sharjah is starting a journey that will change the way movies are made in the area. The goal of this project is to make the emirate a center for film production and creative businesses. This will make it a game-changer in the media sector of...
DIFC has started a new study series called “Future of Finance“. The first study, “The Global Finance and Investment Outlook: Charting technological shifts and new global flows,” was put out with the help of Asia House, a research partner. This report talks about important changes and trends that are happening in the global financial services business....
A new study shows that Dubai Internet City has had a big effect on the city’s income over the past 15 years, adding AED 100 billion to the city’s GDP. This conclusion comes from an impact study that was done with Accenture and included opinions from several top leaders in the ICT (information and communications...
The Dubai International Financial Centre (DIFC) has reported its strongest annual financial performance in 2024, with combined revenues reaching AED 1.78 billion. This impressive figure comes from nearly 7,000 registered companies operating within the center. In 2024, DIFC welcomed a record-breaking 1,823 new company registrations, marking a 25 percent increase from the previous year. His...
InCred Group, a diversified financial services firm, has announced its acquisition of Arrow Capital (DIFC) Limited, a prominent boutique financial services provider based in Dubai. This acquisition, revealed on February 17, 2025, is a strategic move aimed at enhancing InCred’s global capabilities in wealth management, investment banking, and asset management. Arrow Capital, established in 2016...
ASB Capital, a newly established asset management firm, has officially commenced operations in the Dubai International Financial Centre (DIFC) with an impressive $4.5 billion in assets under management (AUM). Licensed by the Dubai Financial Services Authority (DFSA), the firm plans to provide a range of wealth and asset management solutions, which include offerings in public...
A new report by the Dubai Multi Commodities Centre (DMCC) predicts that global demand for critical minerals such as lithium, cobalt, and nickel could surge by as much as 75 times the levels seen in 2020. This increase is anticipated to be driven by the urgent need for clean energy solutions, advancements in artificial intelligence,...