Sharjah’s free zones achieved significant milestones in 2024, solidifying the emirate’s position as a leading destination for businesses both locally and internationally. The Hamriyah Free Zone Authority (HFZA) and the Sharjah Airport International Free Zone Authority (SAIF Zone) welcomed more than 1,600 companies from various countries, including the United States, Africa, India, Japan, the United...
Dubai’s IFZA Free Zone has partnered with Abu Dhabi Islamic Bank (ADIB) to offer innovative financial solutions to businesses in its ecosystem. The agreement, signed during a ceremony at IFZA, aims to simplify banking processes and provide tailored services to entrepreneurs and investors. The collaboration includes streamlined account opening, customized financing, and access to ADIB’s...
Tokinvest, a marketplace for real-world asset investments, has become the first company within Dubai’s DMCC International Business District to receive a full market licence from the Dubai Virtual Assets Regulatory Authority (VARA). This licence allows Tokinvest to operate as a virtual asset broker-dealer, catering to retail, qualified, and institutional investors both in Dubai and internationally....
Dubai’s Jumeirah Lake Towers (JLT) is set to welcome a groundbreaking 17-storey Crypto Tower, a landmark project launched by DMCC in partnership with REIT Development. The tower will support the expanding blockchain, decentralized finance (DeFi), and Web3 ecosystem in the region. Spanning 150,000 square feet of leasable space, the tower will include nine office floors...
Dubai Civil Aviation Authority (DCAA) has partnered with the Ports, Customs, and Free Zone Corporation (PCFC) to enhance the performance of the emirate’s aviation sector. The two entities signed a Memorandum of Understanding (MOU) aimed at improving safety, sustainability, and infrastructure in line with the UAE’s vision for a thriving aviation industry. The agreement was...
Sharjah has taken a significant step to boost its economy by forming the Higher Committee for Economic Integration. The committee will focus on streamlining development across various sectors, including free zones and the mainland. This move aligns with Sharjah’s ongoing efforts to fast-track infrastructure projects and establish new business clusters, particularly for startups. The committee...
The Dubai Free Zones Council (DFZC) has highlighted the achievements of Dubai’s free zones in 2024, attributing their strong performance to efforts in economic diversification. These developments align with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai As ARN News mentioned in their piece,...