Browsing: Business

Emirates SkyCargo will double its freighter fleet to 21 aircraft by the end of 2026, increasing from the current 10, signalling confidence

Global cruise operator Celestyal has signed a three-year agreement with the Department of Culture and Tourism

Quiqup, a UAE-based e-commerce logistics provider, has expanded its fulfilment and delivery services into Saudi…

Majid Al Futtaim has announced a AED 5B transformation of Mall of the Emirates, marking…

Dubizzle Group, a major player in the digital classifieds sector, has acquired UAE-based real estate data platform Property Monitor. The acquisition comes at a time when Dubizzle is widely viewed as a strong contender for a potential IPO in the UAE.

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has announced the imposition of enforcement measures following an investigation into serious regulatory breaches and misconduct involving the Hayvn Group of Companies—trading as “HAYVN”—its former Chief Executive Officer, Christopher Flinos, and associated entities.

Dubai-listed Mashreqbank has appointed a group of banks to arrange a USD 500 million Regulation S five-year senior unsecured sukuk, with investor meetings and calls scheduled to commence on Monday.

The NEOM Investment Fund (NIF) has confirmed a strategic investment in Liberation Labs, a leading global firm in precision-fermentation biomanufacturing, reinforcing NEOM’s commitment to advancing innovative food technologies.

In a strategic move to empower UAE exporters and advance the nation’s economic diversification goals, the Abu Dhabi Exports Office (ADEX) has signed a US$ 235 million (AED 863 million) syndicated loan agreement with Japan’s Sumitomo Mitsui Banking Corporation (SMBC) and Commercial Bank of Dubai (CBD) to support Trafigura, a market leader in the global commodities industry, to acquire commodities originating from the UAE. The agreement underscores ADEX’s commitment to strengthening the UAE’s position as a globally competitive trade hub while accelerating the country’s sustainable economic development.

In line with His Highness Sheikh Mohammed bin Rashid Al Maktoum’s directives to develop future-ready infrastructure,