Business & Money | Monday 4 August, 2025 8:00 am

RAKEZ and Peko join forces to simplify SME operations with digital solutions

 Ras Al Khaimah Economic Zone (RAKEZ) has partnered with UAE-based fintech company Peko to offer its clients a range of automated services that streamline day-to-day operations. From invoicing and payroll to utility payments and business travel bookings, the new services are accessible via...

More Details

Business & Money | Monday 4 August, 2025 8:00 am

Azizi Developments' Beach Oasis Nears Completion at 94%, Final Works Underway

Azizi Developments, a leading private developer in the UAE, has announced that construction at Beach Oasis - its vibrant mixed-use community in the dynamic, rapidly growing Dubai Studio City - has reached 94% completion. The project is progressing as scheduled, with its handover set for Q3...

More Details

Business & Money | Monday 4 August, 2025 8:00 am

SRC Signs a Real Estate Finance Portfolio Purchase Agreement with Bank Albilad

The Saudi Real Estate Refinance Company (SRC), a PIF company, has signed a real estate finance portfolio purchase agreement with Bank Albilad. The signing took place in the presence of His Excellency Majid bin Abdullah Al-Hogail, the Minister of Municipalities and Housing and Chairman of SRC,...

More Details

Business & Money | Monday 4 August, 2025 8:00 am

BEYOND Launches PASSO, a Sculptural Icon on Palm Jumeirah

BEYOND Developments, the forward-thinking real estate brand shaping lifestyle destinations by the sea, has unveiled PASSO, a sculptural waterfront development located on the prestigious West Crescent of Palm Jumeirah. As BEYOND’s first flagship beyond its masterplan in Dubai Maritime City,...

More Details

Business & Money | Monday 4 August, 2025 8:00 am

Social Development Bank Launches "Asir: Craftsmanship Celebration" to empower productive families

The Social Development Bank launched the "Asir: Craftsmanship Celebration" event as part of the "Asir is More Beautiful" Diwaniya, in strategic partnership with the Italian Institute of Contemporary Art, an expert in artistic jewelry design and production that focuses on empowering craftsmen and...

More Details

Business & Money | Monday 4 August, 2025 8:00 am

Abu Dhabi’s non-oil foreign trade grew 34.7% in H1 2025

The Abu Dhabi’s non-oil foreign trade continued its growth trajectory, recording a strong performance during the first half of current year (From January to June 2025), soaring 34.7% to AED195.4 billion compared to AED145 billion during the corresponding period in 2024, according to statistics...

More Details

Business & Money | Monday 4 August, 2025 8:00 am

ACWA Power’s business portfolio to double in 5 years: CEO

The size of ACWA Power Co.’s business portfolio doubled during the last three years, CEO Marco Arcelli stated. He expects it to double again over the coming five years, as the company proceeds with achieving its mission on a larger scale and with a larger impact. “What we have achieved so...

More Details

Tourism & Hospitality | Monday 4 August, 2025 8:00 am

Dubai welcomes 9.88 million international visitors in H1 2025, up 6% Y-o-Y

Dubai’s evolving destination offering, driven by impactful public-private partnerships and amplified through a robust global marketing strategy, resulted in the city welcoming 9.88 million international overnight visitors from January to June 2025 – a 6% increase compared to the same period in...

More Details

Business & Money | Monday 4 August, 2025 8:00 am

CBI reports pre-tax net profit of AED93m in H1’25

Commercial Bank International (CBI) today announced its financial results for the first half of 2025. Pre-tax net profit increased by 4% YoY from AED90 million in H1-24 to AED93 million in H1-25. The Bank reported pre-tax net profit of AED48 million for Q2-25 The operating profit increased by...

More Details

Business & Money | Monday 4 August, 2025 8:00 am

DFM announces 298% rise in net profit before tax for H1 2025 to AED777.1 million

Dubai Financial Market (DFM) today announced its consolidated financial results for the six-month period ending 30 June 2025, reporting a net profit before tax of AED777.1 million, up 298 percent compared to the same period in 2024, underscoring strong investor confidence and the continued...

More Details