February 21, 2024

IFZA Unveils Collaboration with German Federal Association for Small and Medium Enterprises.

Dubai: In a strategic maneuver aimed at enhancing bilateral business connections between the UAE and Germany, the International Free Zone Authority (IFZA) has forged a partnership with the Bundesverband Mittelstandische Wirtschaft e.V (BVMW), the German Federal Association of Small and Medium-Sized Businesses. Serving as the official representative of BVMW in Dubai, IFZA will establish an […]

February 21, 2024

Banking institutions in the United Arab Emirates curtail business dealings with Russia and Russian customers.

Banks operating in the United Arab Emirates (UAE) have imposed limitations on their interactions with Russia and have initiated closures of both individual and corporate accounts due to concerns about potential exposure to secondary sanctions. According to reports from Vedomosti, a Russian news outlet aligned with the Kremlin, citing information from businessmen active in the […]

February 20, 2024

Unicommerce, poised for an IPO, is expanding its international operations through client acquisitions.

Unicommerce, a SaaS platform preparing for an IPO, is expanding its global presence by acquiring additional clients, a senior official stated on Tuesday. With an existing clientele of 46 companies across Singapore, the Philippines, Indonesia, the UAE, and Saudi Arabia, Unicommerce aims to further enhance its operations in these markets by onboarding new clients. Among […]

February 20, 2024

Usage of digital signatures in the UAE has surged by 216%.

In Riyadh, the UAE government’s proactive approach has led to a remarkable 216 percent surge in the utilization of digital signatures in 2023, as per the state-run news agency’s report on Monday. Illustrating the rapid expansion of the digital economy in the Gulf Cooperation Council nation, the report highlighted the increasing adoption of blockchain technology, […]

February 20, 2024

Food prices in the UAE stay stable as consumers begin their preparations for Ramadan in March.

In Dubai, food prices in the UAE have remained relatively stable despite the ongoing uncertainties surrounding the Red Sea situation. Local traders and retailers indicate that consumer prices across various food categories are expected to remain unchanged leading up to Ramadan. To secure stable prices, local traders have expedited their orders and confirmed shipment deliveries, […]

February 18, 2024

China’s Economic Engine Sputters: Slowing Growth Raises Concerns for the Dragon

China’s once-roaring economy is showing signs of fatigue. In 2023, its GDP growth rate clocked in at 5.2%, the weakest since 1999 (excluding pandemic years). This concerning trend continues in 2024, with analysts predicting even lower growth figures. What’s causing this slowdown, and what are the potential consequences? Multiple factors are contributing to China’s economic […]

February 18, 2024

Alaa Afifi: Transforming Waste into Wealth with Bekia’s Visionary Approach

In the realm of environmental sustainability and innovative solutions, Alaa Afifi stands as a trailblazer, redefining the relationship between individuals and their waste through his role as the Founder and CEO of Bekia. His journey is not just a narrative of entrepreneurial success; it’s a testament to the transformative power of turning inorganic waste into […]

February 18, 2024

Omar Emara: Cultivating Change with FreshSource’s Fresh Approach

In the ever-evolving landscape of agricultural innovation, Omar Emara emerges as a driving force, spearheading transformative change through his role as Cofounder and COO of FreshSource. With a mission to tackle food loss, empower farmers, and revolutionize the fresh produce supply chain, Emara’s journey is a narrative of innovation, impact, and a commitment to reshaping […]

February 17, 2024

India and UAE Introduce Ambitious Trans-Continental Trade Corridor Amid Regional Challenges.

In a significant development, India and the United Arab Emirates (UAE) have signed a groundbreaking agreement to establish a historic trans-continental trade corridor, intending to link Europe to India via the Middle East through sea and rail routes. Prime Minister Narendra Modi announced the pact during his visit to the Gulf state, with support from […]

February 17, 2024

Prime Minister Modi Spotlights India’s Start-Up and FinTech Successes at the World Government Summit in the UAE.

Addressing the World Government Summit in Abu Dhabi, Prime Minister Modi highlighted several achievements of India, noting a significant increase in people’s trust in the government over the past few years. He emphasized the importance of prioritizing public sentiment in governance, which has contributed to this enhanced trust. Additionally, PM Modi reaffirmed India’s dedication to […]

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