Browsing: Business

Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, stated that the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and the Central African Republic reflects the UAE leadership’s commitment to expanding global trade and investment ties.

UAE-based wealth management firm Capital Haus has strengthened its global investment portfolio by acquiring an 11.6% stake in Equity Story, a financial media and investment advisory company listed on the Australian Securities Exchange (ASX). The strategic move aligns with Capital Haus’ vision to expand its influence in international financial markets.

Emirates airline has signed a Memorandum of Understanding (MoU) with the Malta Tourism Authority to enhance inbound tourism through joint marketing efforts.

DAMAC Properties has joined forces with Abu Dhabi Islamic Bank PJSC (ADIB) to launch a home financing solution that allows UAE residents to obtain financing for off-plan properties once construction reaches 35% completion. This makes DAMAC the first developer to introduce such an option, enhancing accessibility and convenience for prospective homeowners.

Dubai Future Foundation (DFF) has signed a Memorandum of Understanding (MoU) with the Artificial Intelligence Centre Hamburg (ARIC), marking Sandbox Dubai’s first international collaboration.

Dubai-based toll gate operator Salik reported a net profit of AED 1.16 billion ($315.9 million) for 2024, with EBITDA reaching AED 1.6 billion, reflecting a 13.6% year-on-year increase.

Uber has unveiled the findings of its Economic Impact Report for the Kingdom of Saudi Arabia, highlighting the company’s contribution to the Kingdom’s economy and its role in transforming mobility, supporting local businesses, and enabling new earning opportunities in 2023, and within the past decade since entering the local market. The report, conducted by independent consultancy Public First, estimates that Uber contributed SAR 1.1 billion to the Saudi economy.

As part of its ongoing efforts to enhance governance and sustainability in the management of jointly owned properties, the Real Estate Regulatory Agency (RERA) at Dubai Land Department (DLD) has announced the formation and registration of 127 new owners’ committees across the emirate. This initiative underscores RERA’s commitment to empowering property owners and fostering active participation in community management, aligning with Dubai’s ambitious vision to lead the global real estate sector.

Aduna, a major collaboration between leading telecom operators and Ericsson, has welcomed global technology group e& as an equity partner.

The Dubai real estate sector recorded transactions worth AED 19B ($5.2B) last week, as per data from the Land Department.