The UAE strengthens its role as a global HQ hub in 2025 as PayPal, Veon and Fortress join a growing list of multinationals choosing Dubai and Abu Dhabi
Company News
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Diriyah
Saudi Arabia’s Diriyah Company and UAE’s G42 named among TIME100 Most Influential Companies
TIME100 honours Saudi Arabia’s Diriyah Company and UAE’s G42 among world’s most influential companies in 2025
TECOM
TECOM net profit surges 14% to $330m after record revenue in FY2024
High occupancy rates of 94% and retention rates of 92% lead to an 11% YoY increase in revenue to $650 million
Abu Dhabi IHC
IHC announces $9bn net profit as group sees revenue surge
Abu Dhabi’s IHC has reported revenue increase 17.9 per cent to more than $16bn last year
Abu Dhabi IHC
Abu Dhabi’s IHC announces formation of $27.2bn 2PointZero holding company
Abu Dhabi-based International Holding Company announces $27.2bn 2PointZero Holding Company
Sancta Capital
Sancta Capital announces $43m RSS acquisition
Sancta Capital buys Rental Solutions & Services Limited
Abu Dhabi IHC
IHC announces $3.9bn Q3 revenue
IHC has reported $4.1bn of profit in the first nine months of the year
Adani Green Energy
Abu Dhabi’s IHC to sell its investments in 2 Adani group companies
IHC has entered into a definitive agreement with a buyer to dispose of its investments in Adani Group companies, the firm said in a letter to ADX
Dubai free zones
Dubai free zone sees 250% licence renewal boost
Dubai World Trade Centre Authority Free Zone registered 322 new companies in H1 2023
Maaden
Saudi Arabia’s Ma’aden reports $1.9bn Q2 revenues
Saudi Arabian Mining Company sees $94m profit in second quarter of 2023
Abu Dhabi
Abu Dhabi’s Silal to open agri R&D centre in Al Ain
Centre in Abu Dhabi to advance the UAE’s agriculture and food sector
Freezone
UAE freezone welcomes 1,500 new companies in Q2
A freezone in the UAE witnessed robust growth of 132 per cent between April and the end of June
Made in Saudi
Made in Saudi Arabia: Schneider Electric opens Riyadh factory amid $149bn industry push
Schneider Electric expands in Saudi Arabia with new factory creating energy efficiency products
Entrepreneurs
How to launch UAE business in just 45 minutes
UAE freezone offers 45-minute business set-up service for entrepreneurs
Dubai Chamber
Dubai attracts multinationals and SMEs amid $545bn foreign trade target
Dubai attracts foreign direct investment as it works towards $545bn trade target
Florist
Dubai’s Floranow buys Saudi firm as $1.15bn flower sector blooms
Floranow acquires Bloomax as it eyes growth in $1.15bn sector
Biban
More than 88,000 new Saudi businesses launched in Q1
Saudi Arabia has more than 1.2m SMEs, sets 35% GDP target
