Tag: UAE

Mubadala steps up Asia investment drive

Mubadala Investment Company, Abu Dhabi’s sovereign wealth fund, led a Rs10 billion funding round of Avanse Financial Services, India’s education-focused non-banking financial company. The new...

UAE banks lead in revenue, digitalisation cuts branch costs across Gulf: Roland Berger

Saumitra Sehgal, Head of Financial Services in the Middle East at Roland Berger, a global strategy consultancy, said that the revenue of the UAE...

Robust economy, reforms to drive GCC M&A activity in 2024

Strong economic fundamentals, pro-investor business regulations and the wider government transformation agenda will continue to support deal-making prospects in 2024 in the region, in...

Response Plus Holding net profit surges 68% to Dh49.39 million during 2023

Response Plus Holding PJSC, the largest pre-hospital care and emergency medical services provider in the UAE and Saudi Arabia, announced that its net profit...

UAE investments abroad are performing well despite global economic fluctuations: Secretary-General of UAEIIC

Jamal Bin Saif Al Jarwan, Secretary-General of the UAE International Investors Council (UAEIIC), stated that UAE investments abroad are performing well despite global economic...

Alibaba Cloud opens training centre in Dubai Internet City to boost digital skills

Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, unveiled the MEA region’s Alibaba Cloud Academy Training Centre today, which will serve...

UAE: Lulu appoints banks for $2 billion IPO in second half of year

Global retail giant LuLu Group International has appointed banks for its initial public offering expected to be in the second half to raise $2...

Hamdan bin Mohammed approves AED40 billion worth of projects under public-private partnership model

During the first meeting of The Executive Council of Dubai since its reconstitution, H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince...

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Emirati startup founders unveil AI-powered innovations at Hub71 Impact 2026

Emirati startup founders showcased AI-powered and advanced technology solutions...

Groww and Zerodha AMCs post nearly 3x growth in AUM over last year

Entry of discount broking firms -- Groww and Zerodha...

Apple launches AI-powered Siri upgrade

Apple has launched an artificial intelligence-powered version of its...