Browsing: Finance

wasl Asset Management Group, a member of Al Quoz Creative Zone Committee, along with Dubai Culture & Arts Authority (Dubai Culture), Dubai Municipality, and the Department of Economy and Tourism, organised an open day at the wasl Experience Center. The event brought together 80 representatives from companies and entities operating in the zone, to share updates on its ongoing development and unveil new plans to unlock further economic opportunities. These efforts seek to strengthen the zone’s position as a global destination for creatives.

Help AG, the cybersecurity arm of e& enterprise and the Middle East’s trusted security advisor, has been recognized as a Leader in the IDC MarketScape: Middle East Managed Detection and Response 2024 Vendor Assessment.[1] We believe this recognition highlights Help AG’s ability to deliver comprehensive MDR solutions that combine advanced technologies, threat intelligence, and 24/7 expert support to help organizations combat evolving threats and ensure compliance.

Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, and Expeditors International of Washington, Inc. (NYSE: EXPD), a Fortune 500 global logistics company, today announced the signing of an agreement for the launch of a new facility for Expeditors at Dubai South’s Logistics District. This milestone underscores Expeditors’ commitment to expanding its footprint in the region to meet the growing demand for advanced logistics solutions.

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai, highlighted the vital role of the emirate’s trade sector in driving its economic growth and global influence.

The Ministry of Finance (MoF) as the issuer, in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and paying agent, announced the results of the Islamic Treasury Sukuk (T-Sukuk) auction denominated in UAE dirhams, amounting to AED 1.1 billion. This issuance is part of the Islamic T-Sukuk issuance programme for the first quarter of 2025 as published on the Ministry’s website.

Retirees from federal entities, other emirate governments, or the private sector registered in Sharjah are now eligible to receive a supplementary grant. According to a statement by the local news agency WAM, this financial support is available to individuals whose pension is below AED 17,500 per month. The decree was issued by Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah.

Dubai-based developer Sobha Realty is set to launch several new projects in the UAE this year, capitalising on the country’s property boom. The company’s founder has confirmed plans to introduce between eight and ten new ventures, collectively worth several billion dirhams. These developments come as the UAE real estate market shows significant resilience and growth, despite global economic pressures.