DEWA grows its network of electric vehicle charging stations in Dubai
Industries
Dubai real estate
Dubai real estate: Boutique developer completes $95m Sheikh Zayed Road land deal
Dubai’s Pride and Property facilitates $95m land deal
GCC retail market
Retail trends 2025: TikTok shopping, AI-powered stores, instant deliveries and online groceries coming soon
A look ahead to 2025 reveals major changes ahead for the retail industry. Get the lowdown on 10 industry trends changing the way we shop
CBUAE
New tax in the UAE; Lottery warning; Crypto trading in Dubai; Kuwait halts e-visas; Saudi to host 2034 World Cup – 10 things you missed this week
UAE tax, UAE Lottery, crypto in Dubai, Kuwait visas, Saudi World Cup and more top news stories this week
dividend
Emaar Properties doubles dividend to $2.4bn
Emaar Properties announces it will distribute 100 per cent of share capital as dividends
Etihad
Etihad transports 17m passengers so far this year as traffic climbs over 30%
Etihad Airways sees significant increase in number of passengers transported this year
Airports
Saudi Arabia’s PIF acquires 15% share in Heathrow Airport
Saudi sovereign wealth fund completes 15 per cent stake in Heathrow Airport
Education
UIBC-UC inks pact with SP Jain School of Global Management on research initiatives
The collaboration will focus on joint research initiatives designed to tackle key challenges and unlock new opportunities in areas vital to both nations
Abu Dhabi
Awqaf Abu Dhabi announces launch of Awqaf Capital
The new venture is to deploy capital across diverse asset classes, while leveraging Abu Dhabi’s unique position as a bridge between global markets
BitPanda
Bitpanda launches Fusion to trade cryptocurrencies on all markets from one account
Though the service is initially available to users in Europe, Bitpanda said it will expand it to the UAE and the rest of the region
cancer
Drug delivery platform BioSapien raises $5.5mn funding from MENA VC Global Ventures-led investors
The fresh capital will fund BioSapien’s clinical trials in the UAE, with patient enrolments in Abu Dhabi set to begin in Q2 2025
E-commerce
South Asian fashion marketplace LAAM raises $5.5mn seed funding from investors led by Dubai-based Disrupt.com
The proceeds are to be used to fund the company’s regional expansion into the Middle East
Goldman Sachs
Goldman Sachs names Omar Alzaim as CEO for Saudi operations
In May, Goldman received a license to set up its regional headquarters in Riyadh
acquisitions
Etihad Atheeb (GO) signs MoU to acquire 51% stake in Saudi IT venture EjadTech
The stake acquisition is valued at $23.07 million
Ecolab
Global water solutions and services major Ecolab launches innovative modular manufacturing in Egypt
The containerized solution enables rapid deployment of local production capabilities, strengthening regional manufacturing capacity and supply chain infrastructure
Apple Pay
Egypt’s central bank advances digital payments with tokenisation and Apple Pay integration
The launch was coordinated with several banks, mobile payment application providers, and fintech companies to facilitate the integration of both international and local systems
Abu Dhabi
Abu Dhabi’s ADGM announces plans to establish insurance association to support industry growth
The initiative represents a significant milestone in advancing the insurance and reinsurance sectors in Abu Dhabi Global Market and the UAE.