As geopolitical tensions escalate in the Red Sea, businesses in the United Arab Emirates (UAE) and Saudi Arabia are facing the impact of increased shipping costs and extended delivery times from Europe. Recent military actions by the US and the UK against Houthi targets have triggered a surge in shipping costs, particularly on routes from […]
In a strategic move to bolster small- to medium-sized businesses (SMBs) in the United Arab Emirates (UAE), Abu Dhabi Islamic Bank (ADIB) has unveiled the ADIB Business Souq, a cutting-edge Business-to-Business (B2B) marketplace. This innovative platform aims to provide digital access to a wide array of essential services for SMBs, fostering convenience, accessibility, and community-building […]
The Central Bank of the United Arab Emirates (CBUAE) has revoked the operational license of First Insurance Brokers Company, marking the second insurance firm to face such action in recent weeks due to non-compliance issues. The decision is in line with the UAE’s rigorous regulatory framework aimed at upholding transparency and integrity within the insurance […]
A Greenland-based company named Arctic Ice is harvesting ice from the country’s diminishing glaciers. The startup claims to sell the ‘purest ice in the world’ to exclusive cocktail bars in Dubai for chilling drinks. Arctic Ice emphasizes that its iceberg ice has minimal taste, preventing any alteration of beverage flavors as it melts, unlike ice […]
Dubai: Amidst the escalating Red Sea tensions, businesses in the UAE are actively seeking alternative markets to counter the escalating costs associated with shipments from Europe and the prolonged transit times via the Cape of Good Hope. Following recent Red Sea incidents involving the US and the UK launching strikes against Houthi targets, shipping costs […]
Hertz, the iconic car rental company known for its yellow cars and convenient locations, is taking a sharp turn on the road to the future. In a surprising move, the company announced it will be selling nearly a third of its electric vehicles (EVs), primarily Teslas, and refocusing its fleet on hybrid cars. This seemingly […]
For decades, FedEx has been the king of deliveries, whisking packages across continents with swift efficiency. But in the ever-evolving world of e-commerce, delivering boxes on time is no longer enough. Enter fdx, FedEx’s audacious new platform that aims to transform the company from a mere delivery service into a full-fledged e-commerce player, potentially shaking […]
The sun-drenched city of Dubai has long been a beacon for international business, and its bustling free zones serve as magnets for global companies seeking a strategic foothold in the Middle East. This week, news emerged that further solidifies Dubai’s reputation as a business haven: license renewals within the Dubai World Trade Centre Authority (DWTCA) […]
The majestic fjords of Norway have long captured the world’s imagination with their breathtaking beauty and pristine waters. But beneath the tranquil surface lies a new frontier, one shrouded in mystery and controversy: the deep ocean floor. Norway is poised to become the first country in the world to venture into this uncharted territory by […]
The UAE’s fintech se犀利士5mg ctor defied the global decline in investment, securing the sixth position globally and witnessing a substantial 92% surge in 2023. This remarkable growth is attributed to fintech-friendly regulations and the increasing adoption of digital banking and related tools in the region. Despite the global downturn, fintech funding in the UAE nearly […]
