Tokai Optical, a leading Japanese company specializing in medical lenses, has officially started its manufacturing operations at the Sharjah Airport International Free Zone (SAIF Zone). The company’s new facility, which spans 4,300 square feet, was inaugurated earlier this year with an initial investment of over AED 8 million. The factory’s first phase aims to produce...
Epson, a leading name in technology, has opened its Innovation Centre in Dubai Production City, part of TECOM Group. The new facility aims to showcase cutting-edge solutions while focusing on sustainability and digital transformation. The opening ceremony saw the attendance of key figures, including Yasunori Ogawa, CEO of Seiko Epson Corporation, and senior representatives from...
Dubai is taking a significant step forward in supporting the property technology (Proptech) sector. The Dubai Integrated Economic Zones Authority (DIEZ) and the Dubai Land Department (DLD) have joined forces to promote innovation and growth in this field. The partnership aims to support research, development, and the adoption of modern technologies in real estate. It...
Dubai World Trade Centre (DWTC) has unveiled its February calendar, promising a vibrant month of events at its prestigious venues, including the Dubai International Conference and Exhibition Centre (DICEC) and Dubai Exhibition Centre (DEC) in Expo City. The schedule features 12 major events spanning diverse industries, reinforcing Dubai’s position as a global hub for business,...
In a notable real estate transaction, Select Group has acquired the Radisson Blu Hotel in Dubai Media City for over AED200 million. Knight Frank MENA, led by Andrew Love, brokered the sale, marking the highest recorded hotel deal in Dubai’s Media Free Zone. The hotel, surrounded by corporate giants like META, Pfizer, and Samsung, is...
The General Directorate of Residency and Foreigners Affairs – Dubai (GDRFA) has launched a new platform to simplify residency services for government, semi-government, and free zone entities. The platform, available at bundle.gdrfad.gov.ae, aims to make the process faster and more efficient for businesses and employees in these sectors. The service consolidates key processes like issuing...
A historic shift in generational wealth is unfolding in the Middle East, with $1 trillion (AED 3.67 trillion) expected to transfer to heirs by 2030, according to a whitepaper launched by the DIFC Innovation Hub, Julius Baer, and Euroclear. The report, titled “Navigating the Future of Inheritance”, highlights how advanced digital technologies like Artificial Intelligence,...
Bank of Singapore is growing its team at the Dubai International Financial Centre (DIFC) with six senior hires, bringing expertise from leading global institutions. The appointments include Zeena Abou Elnaja, who joins the investment advisory team from Julius Baer. A CFA-qualified professional, she previously worked with Standard Chartered in the Middle East. Mehvish Ayub has...
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...
Dubai International Financial Academy (DIFC) Academy has recently signed a Memorandum of Understanding (MoU) with Lloyd’s, the world’s leading insurance market, known for providing specialist insurance services to businesses in over 200 countries and territories. This agreement strengthens the longstanding partnership between DIFC Academy and Lloyd’s, aiming to extend the reach of Lloyd’s Academy, an...