Dubai is set to enhance its automotive landscape with a new facility that promises to be one of the largest automotive refurbishment centers in the region. A partnership between DP World and Cars24 has led to the development of a state-of-the-art center at the National Industries Park, backed by an investment of AED 55 million…
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…
Apparel Group, a prominent player in the fashion and lifestyle retail sector, has taken a significant step into the real estate market with the launch of Kora Properties. This new venture reflects the company’s strategy to diversify its portfolio and respond to the increasing demand for high-quality properties in the UAE, a region renowned for…
As travel resumes and gold prices stabilize, many Indian tourists are flocking to Dubai’s renowned gold markets. With the allure of competitive prices and a diverse selection, shoppers often wonder about the regulations governing how much gold they can bring back to India without incurring duties. Duty-Free Allowances for Gold Indian customs regulations specify that…
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…