New partnership to boost Oman’s SMEs
A new partnership seeks to offer integrated mobile, fixed, and ICT solutions alongside tailored financial packages to enhance efficiency and growth for SMEs in Oman.
Economy
Entrepreneur
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Startup
Economy
News
New F1 movie trailer showcases Abu Dhabi
Abu Dhabi takes centre stage in the newly-released trailer for Apple Original Films movie F1, starring Brad Pitt.
Economy
News
Bank of Sharjah hit record performance in 2024
Bank of Sharjah has reported record-breaking financial results for the year ended 31 December 2024, posting a profit before tax of $113m, marking a dramatic turnaround from the $75m loss in the previous year. The bank’s net profit after tax surged to $105m, driven by revenue growth, cost control, and risk management.
Economy
News
Aldar raises $500m in oversubscribed green sukuk
Aldar Investment Properties has successfully raised $500m through a 10-year green sukuk (a sharia-compliant bond), with the issuance oversubscribed 7.2 times, attracting $3.6bn in orders. Strong investor interest saw 61% of allocations from regional investors and 39% from international investors.
Economy
Entrepreneur
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Startup
New phone payment solution targets startups, SMEs
A new tap-on-phone payment solution has been launched with the goal of revolutionising the way businesses in the UAE process transactions.
Economy
Opinion
How Ajman is carving out its place in the Gulf
Ajman may be the smallest of the UAE’s seven emirates, but it has emerged as a significant economic hub by leveraging its strategic location, investor-friendly policies, and growing business infrastructure. As a result, the emirate is steadily positioning itself as an appealing destination for entrepreneurs and investors.
Economy
News
Dubai adds ‘art’ to urban development
A new initiative seeks to turn Dubai into an open-air art gallery, blending sustainable urban development with public art projects. The goal is to enrich the quality of life in the emirate and solidify its status as a global destination as well as a hub for creativity and culture.
Economy
News
Dubai luxury transport sector growing fast
Dubai’s luxury transport sector saw a 44% increase in 2024, with over 43.4 million trips taken, compared to 30.2 million in 2023. The luxury transport services in Dubai carried a total of 75.6 million passengers in 2024 which was up from 52.6 million the previous year. E-hail services saw a 32% rise, with trips climbing
Economy
Entrepreneur
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UAE empowering women entrepreneurs
The Abu Dhabi Businesswomen Council has partnered with Publicis Groupe Middle East to launch Ra’idah, a new initiative designed to empower women entrepreneurs.
Economy
News
UAE approves Investment Strategy 2031
The UAE Cabinet has approved the National Investment Strategy 2031, setting the goal of attracting $65.4bn in annual FDI by 2031, nearly doubling the current inflows of $30.5bn in 2023. It also aims to boost the country’s total FDI stock to $0.6tr in the next few years.