A new collaboration between MultiBank Group and former UFC champion Khabib Nurmagomedov is set to revolutionize the sports industry. This partnership aims to create the first regulated tokenized sports ecosystem, combining finance, sports, and blockchain technology in an innovative way. Overview of the Joint Venture The newly formed entity, MultiBank Khabib LLC, will be headquartered…
Gulf News has unveiled a new daily business newsletter designed to keep readers informed about the latest developments in the UAE and beyond. Titled “Cheques & Balances,” this newsletter aims to provide a concise yet comprehensive overview of significant market trends and corporate news. Overview of Cheques & Balances The newsletter is published from Monday…
Dubai is making strides in aerial logistics with the launch of a new drone delivery route in the Nad Al Sheba area. This initiative, a collaboration between the Dubai Civil Aviation Authority (DCAA), the Islamic Affairs and Charitable Activities Department (IACAD), and Keeta Drone, aims to enhance urban mobility and sustainability in the city. New…
Apparel Group has announced its role as the Premier Partner for the upcoming Asia Pacific Cities Summit and Mayors’ Forum, scheduled for October 27-29, 2025, at Expo City Dubai. This significant event, held under the patronage of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, aims to gather city leaders and innovators from around the…
DAMAC Properties, a leading luxury real estate developer in the UAE, has unveiled an exciting opportunity for adventurers and content creators worldwide. The initiative invites individuals to apply for a unique role that combines travel, exploration, and storytelling across eight stunning island destinations. The Role of The Ultimate DAMAC Islander The selected candidate will become…
The UAE’s annual budget for 2026 has been officially approved, reflecting a balanced approach to revenue and expenditure. His Highness Sheikh Mohammed bin Rashid al Maktoum, the Vice-President and Prime Minister of the UAE, announced that both revenues and expenditures are projected to be Dh92.4 billion. Key Budget Highlights The budget aims to support various…
In a significant development for Saudi Arabia’s healthcare sector, Pfizer Saudi Arabia has entered into a Memorandum of Understanding (MoU) with Lifera, a company backed by the Public Investment Fund (PIF). This partnership, announced during the Global Health Exhibition 2025 in Riyadh, aims to explore opportunities for local pharmaceutical manufacturing in the Kingdom. Objectives of…
Recent fluctuations in gold prices have provided some relief for buyers in the UAE. After a prolonged period of record highs, gold prices saw a notable decline of nearly Dh30 per gram, marking the most significant drop since 2013. This shift offers an opportunity for shoppers to purchase gold at more favorable rates. Current Gold…
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…