UAE and Türkiye sign $4.9bn currency swap
The Central Bank of the UAE and the Central Bank of the Republic of Türkiye have signed a bilateral currency swap agreement alongside two MoUs to boost financial and trade cooperation.
Economy
News
Entrepreneur
News
Erad raises $33m for alternative SME financing
Riyadh-based alternative financing platform Erad has secured $33m in debt financing to expand operations across Saudi Arabia and the wider GCC.
Economy
News
UAE and Australia sign CEPA
The UAE and Australia have signed a Comprehensive Economic Partnership Agreement (CEPA), marking a significant step in strengthening economic ties between the two countries. The agreement is designed to boost trade in goods and services, foster private sector collaboration, and expand investment opportunities across multiple sectors. With the CEPA now ratified and in force, bilateral
News
Real Estate
UAE unveils new routes into real estate ownership
Fractional ownership is emerging as one of the UAE’s most transformative real estate models, offering citizens and residents a more accessible route into property investment. The models allows individuals to collectively purchase a percentage of a high-value property, as opposed to the entire asset.
Startup
Haythem Riahi and Liudmila Prozorova address food waste with sustainable solutions
Founded in 2020, Circa Biotech is a UAE-based climate-tech startup that farms insects to recycle food waste into useful products such as animal feed, fertiliser, and materials that can be used to make sustainable aviation fuel. We spoke to founder and CEO of Circa Biotech Haythem Riahi and co-founder and COO Liudmila Prozorova about how
Economy
News
Dubai Chamber boosts private sector collaboration
The Dubai Chamber of Commerce has reinforced its role in enhancing the city’s business environment, reviewing initiatives designed to support company growth across multiple sectors.
News
Abu Dhabi launches world leading AI government platform
The Abu Dhabi Government is preparing to unveil TAMM 4.0, marking the launch of the world’s most advanced AI-native government platform.
News
UAE launches new visit visas in four key sectors
The UAE has introduced four new visit visa categories as part of efforts to attract global talent and boost its tourism offering.
News
Real Estate
Dubai incubator to support 50 Emirati real estate firms
The Dubai Land Department (DLD) has launched the Emirati Real Estate Business Incubator, a six-month programme designed to support 50 Emirati real estate firms. The initiative was developed in collaboration with Dubai Silicon Oasis, the New Economy Academy and Rochester Institute of Technology Dubai. The incubator aims to guide participants in transitioning from independent brokers
Opinion
The mindset of top international real estate investors
The frantic scenes often played out on the floors of stock exchanges around the world, with arm-waving dealers shouting ‘Buy!’ and ‘Sell!’, are never seen in real estate investment. This is an altogether slower, more considered market than the trading of stocks and shares.