UAE’s Hardington Residential inks exclusive contract with Barratt London
UAE-based Hardington Residential has signed an exclusive contract with Barratt London, part of the UK’s largest housebuilder Barratt Group, in order to market the company’s latest London developments to MENA investors. The new partnership, the first of its kind for Barratt London in the region, will capitalize on Hardington Residential’s combined 75 years of real […]
ADGM’s FSRA grants financial services permission to crypto exchange Rain
Cryptocurrency exchange platform Rain has been granted Financial Services Permission (FSP) by Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority (FSRA) in order to operate a regulated virtual assets brokerage and custody service in the ADGM. The FSP will cement Rain’s position as one of the leading regulated virtual assets trading platforms in the […]
UAE allots $100m to support countries affected by ‘irregular migration’
The UAE has allocated $100m (Dhs367m) to support development projects in countries affected by irregular immigration, including backing initiatives proposed in the Rome Process. The announcement was made by UAE’s President Sheikh Mohamed bin Zayed Al Nahyan at the International Conference on Development and Migration in Rome on Sunday, according to state news agency WAM. […]
Sorbonne University Abu Dhabi launches Research Institute
Sorbonne University Abu Dhabi announced the official launch of its Research Institute, a pioneering initiative aimed at formalising and structuring research activities while fostering collaboration and attracting international researchers. The inauguration ceremony took place in the presence of dignitaries including Prof. Guillaume Fiquet, Vice-President Sorbonne University in charge of International Engagement and Economic Partnerships, Prof […]
DXB to top 252,000 daily passengers this fortnight
Dubai International (DXB) will welcome an estimated 3.5 million guests through its doors between June 20 and July 3, with average total daily traffic reaching 252,000, according to a new report from Dubai Airports. The hub is preparing for a surge in departures, with more than a quarter of a million in outbound traffic from […]
ADIB to provide instant account opening for SMEs
Abu Dhabi Islamic Bank (ADIB) has become the first bank in the UAE to provide small and medium-sized enterprises (SMEs) with convenient remote account opening services through a mobile app by deploying Emirates Face Recognition (EFR) technology. This new feature will allow businesses to apply for a business account without the need to visit a […]
Abu Dhabi Global Market continues epic journey as fastest-growing IFC in region
Abu Dhabi Global Market (ADGM) is continuing to reinforce its position as a global hub for businesses looking to expand their operations in the region. ADGM’s rapid progress and achievements in just 8 years of operations have made it the fastest-growing international financial centre (IFC) in the MENA region in terms of numbers as well […]
Consortium plans to develop $5bln UAE-Oman-India undersea pipeline
South Asia Gas Enterprise (SAGE), a consortium of companies in deepwater pipeline projects, is planning a $5 billion undersea liquefied natural gas (LNG) pipeline from the Gulf to India. The consortium has sought help from India’s Ministry of Petroleum to develop the pipeline, Financial Express reported, citing SAGE director Subodh Kumar Jain. The project’s technical […]
ADIB Egypt reports 125.4% YoY climb in Q1 consolidated profits
Abu Dhabi Islamic Bank Egypt (ADIB) reported a 125.4% year-on-year (YoY) increase in consolidated profits after tax and non-controlling interests for the first quarter (Q1) of 2023, according to the bank’s financial statements filed to the Egyptian Exchange (EGX) on May 14th. The bank recorded a consolidated net profit after tax of EGP 1.005 billion […]
UAE’s Khazna to enter Egyptian market with Benya through $250mln investment
Khazna Data Centers, headquartered in the UAE, unveiled its plan to enter the Egyptian market with Benya Group through an investment worth $250 million to build a state-of-the-art data centre which will be Egypt’s first hyper-scale data centre. The project will be built at the Maadi Technology Park, the first specialised investment zone in Egypt, […]