To highlight amazing culinary experiences and to bolster the quality of hospitality services in the emirate, the Sharjah Commerce and Tourism Development Authority (SCTDA) has enabled the emirate’s hotels and resorts to compete and harness the expertise of their respective chefs in nurturing the overall experience of all visitors and residents, while providing a variety […]
Category: NEWS
Ease of doing business in UAE: Flexi desk demand picks up
As the UAE market rivals some of the world’s most prominent business centres, there is a strong demand for flexi desks and co-working spaces across the emirates, especially at prime locations, according to a report by Ascent Partners. Anyone launching a business in this dynamic market for the first time or opting to expand their […]
UAE mid-market businesses top global poll on growth outlook for 2023
An HSBC poll of 1,700 global mid-market enterprises (MMEs) – firms with a turnover of between $10 million and $500 million – has found determination among them to grow in 2023 with 77% across 14 markets predicting revenue growth for the year of 10% or more. Confidence among these international businesses for double-digit growth is […]
Saudi reaffirms commitment to bridging global divides, driving energy transition, inclusive economic growth at WEF23
Saudi Arabia reiterated its commitment to build bridges across geopolitical and economic divides at the World Economic Forum (WEF) 2023 Annual Meeting in Davos, Switzerland last week. His Highness Prince Faisal bin Farhan Al Saud, Minister of Foreign Affairs, led the Saudi delegation of nine ministers and high-level officials, and told the world that geopolitical […]
Over 4,200 new companies set up base at RAKEZ in 2022
Ras Al Khaimah Economic Zone (RAKEZ) welcomed over 4,200 new companies to its business community in 2022, recording 18% growth compared to 2021. Commenting on this economic growth, RAKEZ Group CEO Ramy Jallad shared, “The latest numbers are indicative of how far we have come with our commitment to position the emirate of Ras Al […]
Starlink to contribute to the Infinigate Group business expansion plans
Starlink, an Infinigate Group company, today is underscoring its commitment to delivering a consistent 20% YoY growth for the coming years. This target was confirmed at the annual Sales Kick-Off under the theme VAD of the Future, held at the iconic Museum of the Future in Dubai on 20th January, revealing a strategic plan for […]
Dubai Investments acquires stake in Monument Bank, UK based digital bank
Dubai Investments PJSC [DIC], the leading investment company listed on the Dubai Financial Market [DFM] has acquired 9% equity stake in Monument Bank Limited, a UK Based Digital Bank regulated by the Financial Conduct Authority (UK) and the Prudential Regulation Authority (UK). Monument Bank is focused on the overlooked ‘mass affluent’ segment in the UK. […]
BEEAH Group shares thoughts on the Year of Sustainability and the upcoming COP28
Khaled Al Huraimel, Group CEO, BEEAH Group “The UAE has always been at the forefront of action and innovation in the field of sustainability and the recent announcement by The President, His Highness Sheikh Mohamed bin Zayed Al Nahyan, to declare 2023 as the “Year of Sustainability” across the Nation will go a long way […]
Build-to-rent property fund raises $212mln from US, European and local Dubai investors
Global Partners Limited, a DFSA regulated institutional fund manager specialising in alternative investments, has successfully closed Global Partners Property Fund I (CEIC) Limited, a Qualified Investor Fund based in the DIFC. The fund focuses on the Dubai build-to-rent housing market with two projects on the Dubai Water Canal. US $212 million was raised, with 35% […]
Gartner predicts 10% of large enterprises will have a mature and measurable zero-trust program in place by 2026
Zero trust is top of mind for most organizations as a critical strategy to reduce risk, but few organizations have actually completed zero-trust implementations. Gartner, Inc. predicts that by 2026, 10% of large enterprises will have a mature and measurable zero-trust program in place, up from less than 1% today. Gartner defines zero trust as a security paradigm that explicitly identifies users and […]