Majid Al Futtaim, a leading pioneer in shopping malls, communities, retail, and leisure across the Middle East, Africa, and Central Asia, recently announced its operational and financial results for the year 2022. Despite global economic growth being hampered by inflation, supply chain pressures, and energy shortages, the group demonstrated resilience, posting a 12% increase in […]
DWF Labs aims to invest in 50 startups that operate in the web3 sector, with additional funding opportunities for top-performing companies and a $500,000 investment for the most outstanding business in the cohort. DWF Labs is a member of the broader Digital Wave Finance (DWF) platform, one of the world’s largest high-frequency cryptocurrency trading entities. […]
According to the latest research by HSBC across nine key markets, the UAE is the most popular destination for expatriates, as it ranks highest for expat lifestyle, earnings, and family stability. The survey indicates that the UAE ranks top for lifestyle, increased earnings, family stability, purchasing power, and sustainable living conditions, as it is most […]
According to Cicero & Bernay’s annual CSR Report of 2022, more than 60% of brands in the UAE have seen a positive impact on consumer engagement as a result of increased corporate social responsibility (CSR) activities. The report also indicated that there has been a significant increase in efforts to promote CSR in the UAE […]
The Al-Jouf Dates Festival, held in the Exhibition City of the Dummat Al-Jandal governorate, is providing an opportunity for young entrepreneurs in Saudi Arabia to showcase their talents. As part of its commitment to supporting small businesses, the festival has invited 37 food truck owners to participate in its events.
UAE’s Strategic Development Fund to present HelioTech at IDEX 2023 UAE-based aviation firm Helio Aviation Technologies focusing on designing and manufacturing aircraft is set to present its latest solutions at the International Defense Exhibition and Conference that kick-starts on Feb. 20 in Abu Dhabi.
India-UAE Business Council launched to boost bilateral trade and investment Marking the first anniversary of the India-UAE Comprehensive Economic Partnership Agreement (CEPA), the two sides have launched the UAE chapter of their joint business chamber to bolster economic ties and facilitate enhancing bilateral trade and investment. India and the United Arab Emirates (UAE) inked a CEPA on February 18 last year to boost trade ties following a virtual summit between Prime Minister Narendra Modi and Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan.
Pectiv, a startup based in the Arab world, is breaking barriers and challenging gender stereotypes by shining a light on women’s hygiene. With its innovative range of feminine hygiene products and a unique subscription service, Pectiv has emerged as a visionary player in the field, and the Arab world’s leadership has ensured a strong customer-driven demand for its offerings.
The United Arab Emirates (UAE) and India have taken a significant step towards strengthening their partnership in emergency medical and chopper services. A Memorandum of Understanding (MoU) has been signed between the Abu Dhabi-based Rapid Precision Medicine (RPM) and the Indian aerospace and defense company Hindustan Aeronautics Limited (HAL), facilitating cooperation in the fields of medical evacuation, search and rescue, and disaster management.
RAK Bank, one of the leading banks in the UAE, has reported a decade-high profit surge of 53.4%. The bank has attributed the significant growth to the strong performance of both sides of the balance sheet. The bank’s net profit for 2021 amounted to AED 1.31 billion ($356.4 million) compared to AED 853.4 million ($232.4 million) in 2020.
