In 2025, several major airlines will introduce new routes connecting key countries across Europe, the Middle East, and Central Asia. Eurowings will offer a new service from Berlin to Abu Dhabi, while Dan Air will provide flights from Bucharest to Damascus. Additionally, Southwind Airlines will operate weekly flights from Turkey to Bahrain, and Middle East...
Abu Dhabi hosted a key meeting between UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and a visiting delegation from the US Congress. The delegation included Senator Joni Ernst and Congresswoman Debbie Wasserman Schultz, highlighting the significance of the visit. During the meeting at Qasr Al Shati, the leaders discussed the strong friendship...
Ambit Global Private Client (Ambit GPC), a player in bespoke financial solutions, has officially launched its operations in the Middle East with a new office located in the Dubai International Financial Centre (DIFC). This strategic expansion follows Ambit’s acquisition of Dubai-based Moonrock Investments Ltd in November 2024, which underscores the Indian wealth management firm’s ambition...
GymNation, a fitness operator based in the Middle East, has signed a multi-year agreement with global fitness race brand Hyrox to establish dedicated Hyrox Performance and Hyrox Training Centers throughout the region and in Saudi Arabia. This partnership aims to provide competitors with a specialized space to train at a professional level. With over 110...
HSBC Holdings Plc is set to intensify its investment banking efforts in Asia and the Middle East, following its recent withdrawal from significant operations in Europe and the United States, as stated by Chief Executive Officer Georges Elhedery. This restructuring initiative is projected to yield $1.5 billion in efficiency savings, allowing HSBC to invest in...
Ripple, a leader in enterprise blockchain and crypto solutions, has received approval from the Dubai Financial Services Authority (DFSA) to provide regulated crypto payments and services within the Dubai International Financial Centre (DIFC). This significant milestone makes Ripple the first blockchain-enabled payments provider licensed by the DFSA. The approval represents Ripple’s first license in the...
Middle Eastern countries have secured $39 billion in investments and construction contracts from China under the Belt and Road Initiative (BRI) in 2024. This figure positions the region as the leading beneficiary of the infrastructure program, according to the China BRI Investment Report 2024, which is a joint effort by the Fudan International School of...
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...
Qatar, the United Arab Emirates (UAE), and Saudi Arabia are leading the way in the Middle East’s tourism sector, particularly in luxury wellness and sports tourism. This shift is significantly impacting global travel, as highlighted during the 51st session of the UN Tourism Regional Commission held in Doha last week During the conference, high-level delegations...
GE Aerospace has announced plans to invest an additional $10 million in the Middle East, aimed at strengthening the region’s manufacturing capabilities and meeting rising demand for engine services. The new investment is part of the company’s global $1 billion commitment to maintenance, repair, and overhaul (MRO) operations, unveiled in 2024. The funds will be...