MBME
April 15, 2023

MBME is scheduled to be listed on the ADX Growth Market on April 17th.

MBME is set to list on the Abu Dhabi Securities Exchange (ADX) Growth Market, an exciting development for the company which has experienced significant growth in recent years and is poised for further expansion.

Economic Zones
April 15, 2023

Four new economic zones have been launched in the Kingdom by the Saudi Crown Prince.

Saudi Arabia has taken a major step forward in its efforts to diversify its economy and create new opportunities for its citizens with the launch of four new economic zones.

national banks
April 15, 2023

At the end of January, the business and industrial sector received AED 35.3 billion in credit facilities from national banks.

The AED 35.3 billion in credit facilities provided to the business and industrial sector at the end of January is a positive sign for the UAE’s economy, as it suggests that national banks are continuing to lend to businesses and support economic growth, despite the challenges posed by the COVID-19 pandemic.

Sukoon Insurance
April 14, 2023

The UAE Central Bank has granted approval to Sukoon Insurance in Dubai to acquire Arabian Scandinavian Insurance Co.

The acquisition of Arabian Scandinavian Insurance Co. (ASIC) by Sukoon Insurance is a strategic move that will enable the Dubai-based insurance provider to expand its offerings and strengthen its position in the local market.

branded residences
April 14, 2023

Buyers and developers in Dubai are showing a growing interest in ‘branded residences’.

Branded residences are increasingly in demand in Dubai, as developers partner with luxury brands to create unique and distinctive properties. These developments offer buyers the benefit of leveraging the brand’s reputation and expertise, as well as increased rental yields and capital appreciation.

duty-free
April 14, 2023

UAE duty-free sales are expected to be propelled by India, China, and the UK.

The UAE duty-free market is set to experience a surge in sales over the next four years, with travelers from India, China, and the UK projected to drive much of this growth.

Retailers
April 14, 2023

Retailers in the UAE are adapting their online and omnichannel strategies to cope with the surge in demand.

Retailers in the United Arab Emirates (UAE) are investing heavily in their digital capabilities to meet the growing demand for online shopping.

MENA
April 14, 2023

Retail expenditure in the MENA region is projected to reach $66 billion during the Ramadan period.

This year, retailers across the MENA region are gearing up for a successful festive season, launching special promotions and discounts to attract customers.

Air Canada
April 14, 2023

Air Canada is preparing to commence a new service between Vancouver and Dubai.

Air Canada is proud to announce the launch of their new service between Vancouver and Dubai, providing customers with a convenient and efficient way to travel.

GASTAT
April 13, 2023

According to GASTAT, inflation in Saudi Arabia eased to 2.7% in March.

GASTAT, the Kingdom of Saudi Arabia’s General Authority for Statistics recently reported that inflation in the country declined by 0.4% in March 2021, compared to the previous month – providing some welcome relief for consumers who have been struggling with rising prices in recent months.

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