Dubai’s DP World invested $6bn to become supply chain giant

DP World invested more than $6bn to evolve into a comprehensive supply chain player, as the company capitalised on the slow evolution of the supply chain industry to invest in every aspect of the chain, according to CEO, Sultan Ahmed bin Sulayem. Speaking at the 21st Arab Media Forum in Dubai, Bin Sulayem said, “In 2016, […]

Dubai: DMCC launches loyalty programme for member companies

DMCC has announced the launch of ‘DMCC Business Rewards’, a new loyalty programme that offers a range of discounts and benefits to its base of more than 23,000 member companies. New and existing DMCC member companies will be able to earn Business Rewards points on company set-up packages, services, business licensing, referrals, visa renewals, and others. […]

The UAE as the new alternative investment hub

In a globalised financial environment, managing risk has become a paramount focus for Alternative Investment Fund Managers (AIFMs). Regulatory landscapes significantly impact risk management, with rules varying across jurisdictions. While Europe has long been recognised as a hub for AIFs, with Luxembourg as one of the top respected investment destinations, the UAE has emerged as […]

ADNOC Distribution board approves $350m interim dividend

ADNOC Distribution’s board of directors has approved an interim dividend of $350m (Dhs1.3bn) for the first six months of 2023, equivalent to 10.3 fils per share. The interim dividend represents the first part of the expected full-year 2023 dividend payment of a minimum of $700m (Dhs2.57bn), which is equivalent to 20.57 fils per share, in […]

One visa for six countries: UAE’s plan for GCC travel

The UAE and other GCC countries are working towards introducing a common visa system that will ease travel and give a boost to regional tourism. The disclosure was made by the UAE’s Minister of Economy Abdulla bin Touq at the on going   Future Hospitality Summit in Abu Dhabi.Future Hospitality Summit in Abu Dhabi. He said the UAE […]

Alpha Dhabi enters wastewater treatment industry with majority acquisition in Metito Holdings

Alpha Dhabi Holding announced its acquisition of a majority stake in Metito Holdings, a global leader in the water and wastewater treatment industry, as per state news agency WAM. Pending regulatory approvals, this transaction marks Alpha Dhabi’s strategic entry into the water and wastewater treatment domain. The acquisition underscores the company’s commitment to diversifying its portfolio […]

Dubai Centre for AI: Accelerator Programmes attract hundreds of global startups

Since its launch earlier this year by the Dubai Future Foundation, 615 startups from 55 countries have applied in the Accelerator Programmes of Dubai Centre for Artificial Intelligence’s (DCAI) Thirty startups have secured their spot in the programmes and will develop their disruptive AI solutions during the eight-week programme, launched to provide advanced technology startups […]

BHM Capital enters into partnership with Tawasal SuperApp

BHM Capital Financial Services has entered into a strategic partnership with Tawasal SuperApp, a premier communication and lifestyle application, to grant users access to local and international financial markets. The company said that this association will provide Tawasal SuperApp users with unparalleled access to both local and international financial markets via the BHM Capital Financial […]

Azizi & Hydro Way unite for supply of Italian DAB Pumps

UAE-based Azizi Developments has partnered with Hydro Way for the supply of Italian DAB pumps for Azizi’s Amber and Beach Oasis projects in Al Furjan and Dubai Studio City. Hydro Way is a globally recognized leader in the water technology sector. The Italian-based DAB Pumps has been pioneering in the water pump industry for over […]

ENOC Group opens new service station in Ajman

ENOC Group, a leading integrated global energy player, has opened a new service station in Ajman as part of its expansion plans. In alignment with ENOC Group’s ongoing expansion strategy, the Group opened 184 service stations, 6 compact stations, and 15 Link stations in the UAE during the first half of 2023. The newest service […]