A significant advancement in port operations is underway at Deendayal Port in Gujarat, India. The Deendayal Port Authority, in collaboration with DP World and European technology firm Nevomo, has initiated a pilot project to implement magnetic rail propulsion technology. This innovative approach aims to enhance cargo movement efficiency while minimizing environmental impact. Overview of the…
Dubai is taking significant steps to bolster its finance and fintech sectors with the introduction of a new Financial Centre under the Dubai Multi Commodities Centre (DMCC). This initiative aims to position the city as a leading global financial hub, fostering innovation in trade finance, fintech, and digital assets. Overview of the New Financial Centre…
National Bonds has unveiled a new investment option designed to enhance the UAE’s voluntary end-of-service savings scheme. This Sharia-compliant fund offers both capital protection and flexible savings, providing a modern alternative to the traditional gratuity system for employers and employees alike. Overview of the New Fund The “National Bonds Capital Protected Shari’a Compliant Fund” has…
Alef Education has demonstrated robust financial growth in the first nine months of 2025, reflecting its strategic initiatives and expanding international presence. The company has reported increased revenue and profit margins, showcasing its commitment to enhancing educational offerings and partnerships. Financial Highlights In the first three quarters of 2025, Alef Education achieved a revenue of…
Abu Dhabi National Energy Company, known as TAQA, has divested its lignite-fired power operations in India, signaling a strategic shift towards cleaner energy sources. This decision aligns with the company’s commitment to reducing carbon emissions and enhancing its portfolio of gas and renewable energy assets. Details of the Sale TAQA has sold its entire stake…
In the first nine months of 2025, NMDC Group demonstrated robust financial performance, showcasing a substantial increase in both revenue and net profit. The company’s strategic focus on overseas expansion and energy contracts has played a pivotal role in its growth trajectory. Financial Highlights NMDC Group reported a revenue of Dh20.5 billion, marking an 11%…
Recent fluctuations in the gold market have led to a noticeable drop in prices in Dubai, following a period of record highs. As global prices show signs of recovery after a significant selloff, local retail prices are adjusting accordingly. This article explores the current situation and what it means for investors and consumers alike. Current…
The ongoing government shutdown in the United States is creating significant disruptions in the flow of essential economic data. As key reports on employment, trade, and retail sales are delayed, businesses are left without crucial information needed for decision-making. This uncertainty could lead to reduced hiring and investment, impacting the overall economy. The Importance of…
A significant partnership has emerged in the maritime sector, as Drydocks World, a subsidiary of DP World, collaborates with Cochin Shipyard Limited (CSL) to establish India’s first ship repair cluster in Cochin, Kerala. This initiative aims to enhance the country’s capabilities in offshore ship repair and maritime services. Agreement Details The agreement was officially signed…
BlackRock Saudi Arabia and the Public Investment Fund (PIF) have unveiled new mutual funds aimed at enhancing investment opportunities in Saudi Arabia and the broader MENA region. This initiative marks a significant step in their ongoing partnership to develop the Kingdom’s capital markets and improve access for both local and international investors. New Investment Strategies…