Capital Haus, a prominent global financial concierge service, has announced its acquisition of Grow Your Wealth, a firm specializing in investment advisory, retirement savings, and taxation services. This strategic move enhances Capital Haus’s position in the private wealth sector, adding an additional $150 million in funds under management (FUM) and reinforcing its commitment to delivering...
Pakistan’s Deputy Prime Minister and Minister for Foreign Affairs, Senator Mohammad Ishaq Dar, has called on UAE-based firms, including Etisalat and the global technology group e&, to enhance their investments in Pakistan’s telecom sector. During a meeting in Dubai with Khalifa Al Shamsi, the CEO of e& life and e& international, Dar emphasized that Pakistan...
The United Arab Emirates has solidified its status as a global leader by making substantial investments in artificial intelligence (AI) and data center infrastructure. This strategic focus on innovation and technological advancement is evident through various projects that aim to enhance both government and private sector performance. Recently, Hussain Sajwani, the Emirati owner of DAMAC...
Dubai is preparing to inaugurate the 2nd Japan Trade Exhibition on February 10, 2025, at the Dubai World Trade Centre (DWTC). The event will feature participation from more than 100 companies and brands, showcasing the growing trade relationship between the UAE and Japan. The organizer, Maico Enterprise, anticipates significant growth in trade volumes and foreign...
In a significant advancement in the realm of artificial intelligence (AI), the UAE is partnering with France to establish a 1 gigawatt (GW) AI data centre. This mega project will see the UAE invest billions of euros, making it the largest AI facility of its kind in Europe, according to the French presidency. The announcement...
The tech world is undergoing significant transformation following the announcement of major AI projects, including the staggering $500 billion Stargate initiative, which is the largest AI infrastructure project ever. The United Arab Emirates is a key participant in this AI consortium, while DeepSeek has gained sudden recognition in the technology sector. These developments are reshaping...
Abu Dhabi’s sovereign wealth fund, ADQ, has formed a strategic partnership with Orion Resource Partners to create a new joint venture focused on enhancing supply chain security in the metals and mining sector. This collaboration, named Orion Abu Dhabi, will see an initial investment of $1.2 billion over the next four years, with both parties...
The Central Bank of the UAE (CBUAE) celebrated significant achievements in 2024 across the financial, banking, and insurance sectors, setting a positive trajectory for the future of the UAE’s financial landscape. The CBUAE emphasized its role in fostering monetary and financial stability, managing reserves, and developing secure financial infrastructure through innovative digital solutions. These efforts...
Al Seer Marine, a subsidiary of International Holding Company (IHC), has released its financial results for 2024, indicating a notable operational growth amid recovering market conditions. The company reported a total revenue of AED 1.281 billion, reflecting a 4.0 percent increase from the previous year. This growth was attributed to diversification across several key sectors,...
EFG Hermes, a leading investment bank in the Middle East and North Africa (MENA), has been recognized as the top investment bank in the MENA Equity & Equity-Related category for 2024 by the London Stock Exchange Group (LSEG). The firm led the MENA market in equity capital market (ECM) activities, successfully completing 11 Initial Public...