Business & Money | Thursday 26 June, 2025 1:51 pm

Masar OKs Dinar Financial’s acquisition of SAR 235M land plots

Shareholders of Umm Al Qura for Development and Construction Co. (Masar) approved the transactions and contracts concluded in 2024 with Dinar Financial Co., its subsidiaries, or affiliated investment funds, during the extraordinary general meeting (EGM) held on June 25. In a statement to...

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Business & Money | Thursday 26 June, 2025 1:48 pm

Dar Al Arkan completes SAR 2.8B USD-denominated sukuk issuance

Dar Al Arkan Real Estate Development Co. successfully completed its 14th sukuk issuance, marking the company's 10th tranche under its USD-denominated sukuk issuance program worth SAR 2.8 billion ($750 million).The order book for the sukuk was opened and closed on June 25, the company said in a...

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Tourism & Hospitality | Wednesday 25 June, 2025 11:53 am

From Skyline Views to Butler Service, Here’s Why Al Habtoor City’s Suites Are Worth the Hype

Al Habtoor City invites guests to indulge in an unforgettable escape in the heart of Dubai, where three iconic hotels—Al Habtoor Palace Dubai, Hilton Dubai Al Habtoor City, and V Hotel Dubai, Curio Collection by Hilton—offer an array of stunning suites tailored for every type of traveller....

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Business & Money | Wednesday 25 June, 2025 10:37 am

Dubai’s Omining unveils first African Site in Kenya’s Special Economic Zone

 Omining, the crypto infrastructure company based in Dubai and operating under the DMCC ecosystem, has expanded operations into Kenya. The company’s newly established facility in the Kenyan Special Economic Zone (SEZ) makes it one of the first large-scale Web3 deployments in East Africa by a ...

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Business & Money | Wednesday 25 June, 2025 9:26 am

EDGE, CS Group sign MoU to collaborate on tactical communications project

EDGE, one of the world’s leading advanced technology and defence groups, and CS Group – part of Sopra Steria, the European tech leader – specialising in the design, development, and implementation of tactical communication solutions and information systems, have signed a Memorandum of...

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Business & Money | Wednesday 25 June, 2025 9:24 am

FTA underscores importance of promptly registering for Corporate Tax

As part of its comprehensive campaign to raise awareness of Corporate Tax among business sectors, the Federal Tax Authority (FTA) held its third workshop of the year in Ras Al Khaimah (RAK), dedicated to familiarising participants with the rules for determining taxable income under the Corporate...

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Business & Money | Wednesday 25 June, 2025 9:22 am

Al Mal Capital REIT announces follow-on public offering, 3.75% dividend for H1 2025

Al Mal Capital REIT (AMC REIT) the first REIT listed on the Dubai Financial Market (DFM), regulated by the Securities and Commodities Authority (SCA), and managed by Al Mal Capital PSC, a subsidiary of Dubai Investments PJSC, is inviting existing unitholders, as well as UAE and GCC individual and...

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Business & Money | Wednesday 25 June, 2025 9:20 am

SEDD promotes economic, investment opportunities with Oman

Sharjah Economic Development Department (SEDD) organised a virtual workshop in coordination with UAE Embassy in the Sultanate of Oman and Oman Chamber of Commerce and Industry (OCCI). The workshop aimed to promote promising economic sectors and investment opportunities in the emirate of...

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Business & Money | Wednesday 25 June, 2025 9:19 am

Sharjah Startup Studio concludes 2024 cohort with 19 high-potential startups

The Sharjah Entrepreneurship Center (Sheraa) hosted the Demo Day for its flagship Sharjah Startup Studio (S3) on 23rd June at YourSpace in Aljada, celebrating the graduation of its 2024 cohort. The event marked the conclusion of a six-month programme that supported 19 high-potential startups...

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Business & Money | Wednesday 25 June, 2025 9:17 am

Borouge to develop AI-powered autonomous operations to accelerate growth

Borouge Plc has announced its collaboration with Honeywell to conduct a proof of concept for AI-powered autonomous operations, which has the potential to revolutionise plant operations in the UAE. The collaboration between Borouge and Honeywell is set to deliver the petrochemical industry’s...

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