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 Dubai, UAE – 03 June, 2025: Zoho, a leading global technology company, has announced a new partnership with Dart, a leading business ecosystem in Dubai, aimed at empowering founders from around the world to relocate, setup and scale their companies in the UAE.
The agreement was formalised during a signing ceremony between Premanand Velumani, Associate Director, Strategic Alliances Middle East and Africa (MEA) at Zoho, and Jack Mouzer, ......read more
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 2 July 2025, Dubai: Gargash Group, one of the UAE's leading business enterprises, is pleased to announce a significant step forward in its sustainability efforts with the signing of a Sustainability-Linked Facility (SLF) agreement with Mashreq, a leading financial institution in the MENA region. The agreement represents one of the largest SLFs in the UAE automotive sector to date and supports the group's efforts to align with UAE Green ......read more
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 June 30th, 2025: Sheng Ding, President of SAVOYE, is pleased to announce the appointment of Julien Calloud as Chief Executive Officer, effective June 2025.
This strategic appointment marks a new chapter for SAVOYE, a French company specializing in intralogistics solutions and supply chain software. With a strong technological foundation, recognized expertise, and a robust network of distributor-integrators, SAVOYE supports clients both in ......read more
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 Key Highlights for Q1 2025
Total property income increased by 24% year-on-year on a like-for-like basis, reaching USD19 million despite the divestment of two properties in 2024.
Property operating expenses have decreased by 8.4% to USD3 million, driven by further cost optimization initiatives.
Occupancy increased by 6% to 95%.
Net property income remained stable at USD16 million, despite the absence of income of the properties ......read more
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Dubai, UAE – June 25, 2025 – Hibrid, a leading UAE-based provider of innovative streaming technology, has announced a strategic collaboration with Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, to offer comprehensive streaming and infrastructure services to customers throughout the Middle East and the Gulf Cooperation Council (GCC) region.
This collaboration combines Hibrid's cutting-edge ......read more
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 Dubai, UAE – 18 June 2025, HSA Group is proud to announce the appointment of Mr. Dirhem Abdo Saeed as Chairman of the Board, marking a significant milestone in the Group’s 88-year legacy as one of the Middle East’s leading multinational family businesses.
With over 40 years of international business experience, Mr. Dirhem is a seasoned and accomplished business leader who has played a key role in the Group’s strategic ......read more
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 By Daniela Sabin Hathorn, senior market analyst at Capital.com
Gold prices have staged a notable resurgence over the past week, as geopolitical tensions once again dominate investor sentiment, highlighting gold's enduring appeal as a traditional safe haven in times of global instability. However, the initial uptick, observed last week, found resistance near the $3,440–$3,450 zone on Monday—historically a ceiling for ......read more
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 By Daniela Sabin Hathorn, senior market analyst at Capital.com
The price of silver (XAG/USD) entered a consolidation phase on Wednesday morning, trading within a narrow range around $36.50 following a period of heightened volatility. However, sentiment quickly shifted after comments from the Chinese Vice Premier regarding ongoing trade negotiations with the United States in London. While the remarks were not overtly negative, they underscored ......read more
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 Dubai, UAE – June 11: Trinasolar has once again secured its position in the BloombergNEF (BNEF) Tier 1 list for Q2 2025, reaffirming its exceptional bankability, industry-leading technologies, and robust shipment of its 210mm modules. This recognition further cements Trinasolar’s reputation as a global leader in smart solar and energy storage solutions, trusted across global markets.
The BNEF Tier 1 List is widely recognized as ......read more
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The IsDBI’s agenda focused on advancing partnerships, capacity development, and knowledge-driven solutions in Islamic finance
JEDDAH, Saudi Arabia, June 2, 2025/ -- The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org/) has reinforced its leadership in Islamic finance by engaging with key stakeholders in a series of high-level bilateral meetings during the 2025 IsDB Group Annual Meetings in Algiers, Algeria. These ......read more
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 Dubai, UAE –June 02, 2025: TCL, a leading global consumer electronics brand and the No.2 TV brand worldwide, proudly announces the elevation of its partnership with Arsenal Football Club to a global level, becoming Arsenal’s Official Global Consumer Electronics Partner.
This milestone marks a new era in the relationship between two iconic brands driven by shared values of innovation, excellence, and progress. Building on a ......read more
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 By Daniela Sabin Hathorn, senior market analyst at Capital.com
Gold (XAU/USD) is attempting to regain bullish momentum at the start of the week, though upside progress remains capped by key technical resistance. The precious metal found support near the 50-day simple moving average (SMA) at $3,168 last week, triggering a modest rebound as short-term sellers opted to lock in profits following recent weakness. Attention now turns to $3,250, a ......read more
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 Panasonic bats for enhanced service and supply efficiency by collaborating with Saudi Company for Hardware (SACO)
Riyadh, Saudi Arabia
Panasonic Marketing Middle East and Africa (PMMAF) has revealed a groundbreaking strategic partnership with Saudi Company for Hardware (SACO), KSA's premier electronics and lifestyle retail distributor. This collaboration marks a significant evolution in the Kingdom's retail and electronics sectors, ......read more
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 Dubai, UAE – May 2, 2025 – New Jersey Governor Phil Murphy and Hotpack, the UAE-based leader in sustainable food packaging solutions, today announced a major step forward in Hotpack’s international expansion strategy with a $100 million investment to establish a new manufacturing and distribution facility in Edison, New Jersey, USA. This project marks Hotpack’s first production base in North America, reflecting ......read more
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 Board of Directors proposes 100% cash dividend of paid-up capital, reflecting robust financial performance and dedication to consistent returns to shareholders
Financial Highlights (Year ended 31 December 2024):
Sales volumes increased 5.9%, highlighting strong market demand across core categories
Gross revenue reached record of AED 601.7 million, up from AED 589.4 million in 2023
Gross profit expanded 8% to AED 99.6 million, ......read more
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 Company Achieves Record-Breaking First-Quarter Revenue Driven by Balanced Growth in Home Appliance and B2B Sectors
Dubai, April 25, 2025 — LG Electronics Inc. (LG) today announced consolidated revenue of USD 15.67 billion and operating profit of USD 869 million for the first quarter of 2025. This marks the highest first-quarter revenue in the company’s history and the sixth consecutive year in which operating profit surpassed USD ......read more
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 Dubai, UAE, April 24 - Ajman Bank P.J.S.C. (“Ajman Bank” or “the Bank”), the first Islamic Bank incorporated and headquartered in the Emirate of Ajman, successfully priced a USD 500 million 5-year Sukuk at a credit spread of 130 basis points over the United States treasury rate, which equates to a fixed profit rate of 5.125% per annum. The transaction garnered a high-quality orderbook peaking over USD 2.7bn, representing ......read more
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 By Daniela Sabin Hathorn, senior market analyst at Capital.com
Gold continues its impressive rally as market confidence in the soundness of the US administration wavers. The latest headline shaking investor sentiment emerged over the Easter weekend, with reports suggesting that President Trump is exploring ways to remove Federal Reserve Chairman Jerome Powell. Although the Fed’s independence has long been a pillar of financial ......read more
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Strategic acquisition of Transmission Investment will support TAQA Transmission’s international growth plans and expands its capabilities in offshore transmission services and transmission infrastructure development
Transmission Investment is one of the largest players in the United Kingdom’s offshore electricity transmission market and a prominent player in the country’s interconnector sector
Abu Dhabi, UAE – ......read more
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 By Daniela Sabin Hathorn, senior market analyst at Capital.com
Global markets opened the week under pressure, with major equity indices tumbling once again as volatility swept through the Asian session. The latest wave of selling follows China's announcement of retaliatory tariffs on the U.S., intensifying the fallout from last week's 'Liberation Day' tariff shock.
Investors had hoped that the worst of the uncertainty would ......read more
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Revenue surpasses $361 million in 2024, marking an 18% year-on-year increase
EBITDA surged by 24.5% to reach $284,909,572 in 2024.
Net income exceeds $264 million, reflecting 16% growth
Dubai, UAE – April 6th 2025: MultiBank Group, the world's largest financial derivatives institution headquartered in Dubai, has achieved a record-breaking financial performance in 2024, reinforcing its status as a global industry ......read more
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 Sukoon Takaful PJSC ("Sukoon Takaful") today announced its financial results for the year ended December 31, 2024, reporting a significant turnaround and a return to profitability. Following a comprehensive restructuring and integration with its parent company, Sukoon Insurance, the company has demonstrated strong financial performance and operational improvements.
Sukoon Takaful reported AED 172.4 million in Gross Written ......read more
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 The new installation has been dubbed one of the largest rooftop solar projects in National Industries Park, Dubai
Dubai, UAE – March 19, 2025: Hotpack Global, the UAE-based leader in sustainable packaging solutions, has successfully completed the installation of a 2.2 MW rooftop solar power system at its cutting-edge manufacturing facility in National Industries Park (NIP), Dubai. This milestone marks one of the largest solar energy ......read more
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 19 March 2025: NBF held its Annual General Assembly Meeting (AGAM) at the Novotel Hotel, Fujairah, United Arab Emirates, where shareholders approved the distribution of profits equivalent to 15% of share capital in the form of cash dividends (AED 387.1 million) of paid-up capital.
The bank's shareholders also approved the Chairman's and Directors' Reports, and the Internal Shari'ah Supervision Committee Report for NBF ......read more
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Commercial Bank of Dubai (CBD) has today announced it is the first bank in the Middle East to integrate the Kinexys Liink application Confirm from Kinexys by J.P. Morgan into its corporate banking portal and mobile app, reinforcing its position as a digital-first bank committed to driving real, impactful change in financial services.
With a commitment to service transformation and a digital-first approach, CBD ......read more
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 By Daniela Sabin Hathorn, senior market analyst at Capital.com
Consumer inflation has softened in February. That is the key takeaway from the latest data released on Wednesday. Both headline and core CPI came in lower than expected at 2.8% and 3.1% respectively. Additionally, both monthly readings also dropped from the previous month and came in below expectations at 0.2%.
As anticipated, the initial market reaction was a relief rally in ......read more
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More than 40 percent of the total investment dedicated to the U.S. underpins commitment to scale up the industry to meet surging transformer demand
The U.S. investment includes hiring more than 100 people to expand domestic key component manufacturing to strengthen local supply chain
Builds on the $6 billion USD investment announced in 2024 – the largest in the industry in recent years to respond to the urgent need to upgrade power ......read more
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Strong results and record alumina and hot metal production.
Building global aluminium recycling business, and laying foundations for low carbon primary growth.
Growing sales of CelestiAL solar aluminium.
Record Emiratisation rate, and metal sales to UAE customers.
Second consecutive year of AED 3.7 billion ($1 billion) dividend to shareholders.
AED 1.8 billion ($488 million) impairment of Guinea Alumina Corporation.
Abu Dhabi, ......read more
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 By Daniela Sabin Hathorn, senior market analyst at Capital.com
US equity futures started the week on a weaker note, continuing the recent trend of softness. The Nasdaq 100 extended heavy losses from Asian and European trading sessions, shedding nearly 500 points (2.5%) at the US open. Investor sentiment remains fragile as uncertainty surrounding Trump’s tariff policies fuels concerns about a potential global trade war and its ......read more
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Global dividends grew to a record $1.75 trillion in 2024, up 6.6% on an underlying basis
Headline growth of 5.2% reflected lower one-off special dividends and the stronger US dollar
17 countries out of the 49 in our index saw record dividends, including some of the largest payers such as the US, Canada, France, Japan and China
Large companies making their first dividend payments made a disproportionate impact – Meta, Alphabet and ......read more
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 The launch follows the 10-Year Anniversary of IQOS
Dubai, United Arab Emirates — March 3, 2025 — Philip Morris Middle East, an affiliate of Philip Morris International (PMI) (NYSE: PM) today announced the launch in the United Arab Emirates of IQOS ILUMA i, the latest and most innovative addition to PMI’s growing portfolio of smoke-free products for adults who would otherwise continue to smoke or use nicotine ......read more
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Net profit reached AED 10.8 billion, growing 4.3 per cent year-over-year
Full year dividend per share of 83 fils
e&’s footprint expanded to 38 countries with a subscriber base of 189.3 million across the Middle East, Asia, Africa, and Central and Eastern Europe
e& emerged as the ‘World’s Fastest Growing Brand’ with brand portfolio and investments value exceeding US$ 20 billion
Abu Dhabi, 25th ......read more
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 Abu Dhabi, UAE, February 18, 2025 - Kalyani Strategic Systems Limited, a wholly-owned defence subsidiary of Bharat Forge, proudly unveiled the MArG 45, mobile gun system mounted on a 4x4 all-terrain platform, at IDEX Abu Dhabi 2025. The prestigious launch was officiated by H.E. Shri Sunjay Sudhir, Ambassador of India to the UAE, reinforcing India’s commitment to advancing global defense technology.
MArG 45 exemplifies Kalyani ......read more
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 Dubai, 14th February 2025 - Federal Bank, one of India's leading private sector banks, held a press conference in Dubai, marking Managing Director & CEO Mr. KVS Manian's maiden international media interaction since assuming office in September. During the event, Mr. Manian highlighted the deep-rooted connect that the Bank has with the NRI population in the Middle East, and the services rendered by its representative offices ......read more
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 Over 1,000 artists from across the UAE submitted artworks, focussed on the theme “Many Paths, One Destination”
12 February 2025: National Bank of Fujairah (NBF) is pleased to announce the winners of its fourth Art Prize, which attracted submissions from more than a thousand emerging and established artists from across the UAE. The winners were recognised during a ceremony held at the Fujairah Cultural Centre.
The top six ......read more
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Dubai Islamic Bank Full Year 2024 Group Financial Results
Robust growth in total income rising by 16% YoY to AED 23 billion.
Pre-tax profit of AED 9.0 billion, solid growth of nearly 27% YoY.
Strong balance sheet expansion of nearly 10% YoY to AED 345 billion.
Sustained asset quality improvements with NPF ratio now at 4.0%, 140 bps lower YoY and beating guidance.
Enhanced stake in the ......read more
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 Dubai – February 10, 2025: Zoho Corporation, a leading global technology company, today announced its cutting-edge AI offerings – Zia Agents, Agent Studio, and Agent Marketplace, which will soon be rolled out across all MENA markets, including the UAE, Saudi Arabia, Egypt, Oman, Bahrain, Kuwait and Qatar. These new solutions represent a significant advancement in Zoho’s AI virtual assistant, Zia, utilising Agentic AI. This ......read more
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The forex market is as rewarding as it is challenging, and choosing the right broker is pivotal to your success. For many traders, one of the toughest decisions is choosing a reliable broker to trust with their capital.
A dependable broker doesn’t just safeguard your funds; it can also improve your overall trading performance. The truth is, trading isn’t only about having technical skills or market knowledge.
Even ......read more
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 Dubai, UAE, 5 February 2025– BluSmart, the region’s first 100% electric full-stack premium limousine service, has been honoured with the prestigious 'Best Ride-Hailing Service of the Year' award at the Middle East Truck & Fleet Awards 2025. This accolade reaffirms BluSmart’s commitment to delivering a sustainable, reliable, safe and premium travel experience in the UAE, ensuring exceptional customer ......read more
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 Qatar’s digital payments market is rapidly expanding, with the number of users projected to reach 2.87 million by 2028.
February 03, 2025: BKN301 Group, a London-based Banking-as-a-Service technology provider dedicated to empowering the financial industry and operating in European and MENA markets, has designated its Qatar office as the company’s regional headquarters for the MENA region, in line with its ongoing development ......read more
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 Company highlights Japan-quality innovations, sustainability and customer-centric strategies to address the unique needs and preferences of Nigerian market
Lagos, Nigeria
Panasonic Marketing Middle East & Africa (PMMAF) has unveiled its roadmap to support the company's growth journey in the Nigerian market this 2025 and beyond. With a strong focus on the air conditioning (AC) business, Panasonic aims to address the increasing need ......read more
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 NBF posted its second consecutive year of record results; achieving its best ever operating and net profit performance generated through strong balance sheet growth
Net profit before tax grew 28.9% to reach AED 934.8 million; with net profit after tax of AED 850.1 million
29 January 2025: NBF is pleased to announce its results today for the year ended 31 December 2024 in accordance with the approval received from the Central Bank of ......read more
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Solar PV panels will be added to more than 100 service stations across Abu Dhabi, intended to avoid more than 13,000 tonnes of CO₂ emissions annually.
Milestone marks the second phase of service station solarization program following the successful installation of solar PV panels at 28 service stations in Dubai.
Initiative supports ADNOC Distribution’s sustainability goals, in line with its aim to reduce operational carbon ......read more
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 Abu Dhabi, 15 January 2025 Al Hilal Bank, a subsidiary of ADCB Group, has appointed Jamal Al Awadhi as its new Chief Executive Officer to spearhead the Bank’s ambitious growth trajectory and reinforce its position as the UAE’s premier Shariah compliant digital bank.
Al Awadhi, a seasoned industry leader and UAE national, brings over 20 years of senior leadership experience across diverse sectors, including financial services, ......read more
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 Emrill Energy, a leading provider of energy management solutions in the UAE, has signed a landmark Memorandum of Understanding (MoU) with the Institute of Real Estate Management (IREM), a globally recognised association dedicated to advancing the real estate management profession, based in Chicago, USA.
The MoU was signed by Stuart Harrison, CEO of Emrill, and Dawn Carpenter, CPM, 2025 President of IREM. The MOU was further endorsed by ......read more
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Dubai, U.A.E., 02 January 2025 – Dubai Aerospace Enterprise (DAE) Ltd (“DAE”), the global aviation services company, today reported its business transactions update for the full year 2024.
DAE Capital:
Acquired 83 aircraft (owned: 30; managed: 53)
Sold 68 aircraft (owned: 19; managed: 49)
Signed 233 lease agreements, extensions and amendments (owned: 190; ......read more
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 UAE, 2nd January 2024 : Reiterating its commitment towards making Ayurveda a reliable choice for health and well-being across nations; Dabur International, with its 138 years of rich legacy, joined forces with EAGAFEST 2024.
Held at Crown Plaza, Deira the Emirates Ayurvedic Graduates Association (EAGA) celebrated and honoured the ancient science of holistic health and balanced living. As pioneers in revolutionizing Ayurvedic products across ......read more
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The initiative helps cut customs processing times by more than 50%, streamlining operations and accelerating supply chain efficiency
By enabling goods inspection directly at Aramex warehouses, the initiative reduces the need for traditional inspection points at customs centres and associated delays of off-site inspections
Dubai, United Arab Emirates; 30 December 2024: Aramex, the leading global provider of comprehensive logistics and ......read more
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Masdar has acquired Saeta Yield and partnered with Endesa S.A. in Spain
UAE's clean energy leader has acquired Saeta, an established renewables platform with an operating portfolio of 745MW of predominantly wind assets, and a 1.6GW development pipeline in Spain and Portugal, for an enterprise value of €1.2 billion
Masdar is also partnering with Endesa in Spain in a portfolio of over 2GW of solar assets and aims to add 0.5GW of ......read more
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Phase One of the solar project has been successfully completed and has a production capacity of 569 kWp.
Grandweld aims to achieve its ambitious goal of becoming a 100 % green shipyard by the end of next year by meeting 100 % of its energy needs through renewable sources (Solar Energy).
Phase Two to generate a total power capacity of 1.3 Mega Watts by next year
UAE, December 17, 2024: Grandweld Shipyards, a leading fully integrated ......read more
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