Abu Dhabi is taking a significant step towards sustainable transportation with the introduction of its first battery-swapping station for electric motorbikes. This initiative, a collaboration between ADNOC Distribution and Terra Tech Ltd., aims to enhance the efficiency of electric delivery services in the emirate while supporting its clean mobility goals. The New Battery-Swapping Facility Located…
The International Monetary Fund (IMF) has emphasized the critical need for Syria to strengthen its institutions and financial systems before embarking on reconstruction efforts. According to Jihad Azour, the IMF’s Director for the Middle East and Central Asia, the rebuilding of these frameworks is essential for effectively absorbing international aid and investment. The Importance of…
A significant development initiative is underway in Makkah, with the Saudi Railway Company partnering with Riyad Capital to establish a SAR6 billion real estate investment fund. This project aims to create a mixed-use urban community that enhances the region’s infrastructure and supports its growing economy. Project Overview The new development will occupy a 90,000-square-meter plot…
The International Monetary Fund (IMF) has updated its growth projections for the Middle East and North Africa (MENA) region, reflecting stronger-than-anticipated economic activity in 2025. The IMF now forecasts a GDP growth rate of 3.2% for the region this year, a significant increase from the previous estimate of 2.1% in 2024. This upward revision is…
In a recent statement, President Donald Trump expressed his belief that a significant trade agreement with China is on the horizon. This optimism comes amid ongoing tensions related to tariffs and the critical issue of rare-earth minerals, which are vital for various industries. Current Trade Tensions On October 20, 2025, Trump addressed reporters at the…
As India’s economy continues to expand, non-resident Indians (NRIs) based in the UAE are discovering new avenues to invest their capital back home. With relaxed regulations and a surge in various sectors, these investors are presented with diverse opportunities for long-term wealth creation. This article explores the most promising sectors for investment and the factors…
The recent outage of Amazon Web Services (AWS) has highlighted the vulnerabilities that small businesses face when relying heavily on centralized cloud platforms. This incident, which originated from a regional issue on the U.S. East Coast, disrupted numerous online services globally, revealing the critical need for backup systems and regional resilience among small enterprises in…
The Sharjah Investment Forum (SIF 2025) is set to commence tomorrow at the Al Jawaher Reception and Convention Centre. This year marks a significant milestone as it is being held alongside the WAIPA World Investment Conference (WIC 2025), bringing together a diverse group of participants and speakers from around the globe. Event Overview SIF 2025…
Dubizzle Group, a prominent classifieds marketplace in the UAE, is gearing up for its public offering next month. The company has reported impressive financial results, showcasing a significant increase in profitability that underscores its robust business model. Impressive Financial Performance In the first half of 2025, Dubizzle achieved adjusted EBITDA margins of 46%, a notable…
The Dubai International Financial Centre (DIFC) has reached a remarkable milestone, surpassing 8,000 registered companies and managing banking assets totaling $240 billion. This growth reflects the center’s increasing significance as a leading financial hub in the region. The announcement was made on October 20, highlighting the DIFC’s expansion since 2015. Growth in Registered Companies The…