Author: Mahdeehassan
Karnak Real Estate Developments announced that it has obtained ministerial decree No. 998 for its Belva project, which spans over 18.5 acres in one of the finest compounds in Sheikh Zayed City. The company is currently preparing to commence construction works, in line with the scheduled timelines for constructions and delivery. Eng. Mohamed El-Basha, Chairman of Karnak Real Estate Developments, affirmed that obtaining the ministerial decree reflects the company’s full compliance with all required standards and regulations, while also reinforcing clients’ and investors’ confidence in the project’s adherence to all legal procedures. He praised the support provided by the New…
Muscat: Sohar International has earned dual recognition at the Middle East Investor Relations Association (MEIRA) Annual Conference and Awards 2025, reaffirming its position as a leading institution in promoting transparency, investor confidence, and capital market advancement in Oman and across the region. Sohar International proudly received the award for Contribution to Capital Markets Development, which was accepted by Abbas Hassan Al Lawati, Head of Investment Banking, FIG, and International Operations. This accolade reflects the bank’s proactive role in driving innovation, strengthening market infrastructure, and supporting the long-term growth of Oman’s capital markets. In adition, the bank was honored with the Leading Corporate for…
Oxford Business Group teams up with Madinah Region Development Authority for a special report on the region’s socio-economic transformation Al Madinah, September 2025: The sweeping socio-economic transformations taking place in the historic Saudi region of Al Madinah are the focus of the latest report by global business intelligence and advisory firm Oxford Business Group (OBG). Entitled Bright Horizons: Socio-economic Transformation in Al Madinah Al Munawwarah, the report examines the region’s commitment to community well-being, economic diversification and urban renewal in alignment with the objectives of Vision 2030. In the coverage on citizen well-being, the report explores how the region is…
Dubai, United Arab Emirates: Azizi Developments, one of the UAE’s leading private developers, has announced that the construction of Rêve – its most prestigious project within the fourth phase of the French Mediterranean-inspired waterfront community in MBR City, Meydan – has now reached 56% completion. Altogether, Rêve has achieved 94% of its structural build, with blockwork at 74%, internal plastering at 66%, and tiling at 30%. HVAC and MEP systems are now 48% and 42% complete, respectively, while façade works have reached 18% and external works 55%. Overall finishes are progressing at 32%. A total of 3,900 workers are currently deployed,…
Dubai UAE – Yango Group, a global tech company, has achieved a major milestone just one year after entering the UAE smart speaker market. Yango Yasmina Lite speaker has claimed the #1 Best Seller position in the Smart Speakers category on Amazon.ae. In the same period, Yasmina Midi and Yasmina Max also secured spots in the Top 10, reinforcing Yango Group’s leadership in the region’s growing smart devices market. The success reflects strong consumer demand for intelligent, culturally aware devices that combine advanced audio performance with a wide range of features. Yasmina Lite stands out with a compact, lightweight design and comes…
Gulf Colleges, one of Saudi Arabia’s leading higher education institutions, and Binance Academy, the educational arm of Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, have partnered to launch one of the region’s first accredited entrepreneurship and innovation diploma programs, developed in partnership with King Saud University’s Entrepreneurship Institute. The accredited initiative is among the first academic integrations of Binance Academy in the Kingdom, creating a clear and recognized pathway from academic study to real-world application. The program was officially announced at the Chamber of Commerce in Riyadh in the presence of academic leaders, partners, and Binance Chief…
Cairo, EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), announced today that it successfully concluded advisory on the EGP 224 million securitized bond issuance for Premium International for Credit Services (Premium). This marks the tenth issuance since Premium’s inception and the fourth under the seventh securitization program. The bond is backed by a receivables portfolio assigned to EFG Hermes for Securitization as the issuance’s special purpose vehicle (SPV). With a 36-month tenor, the issuance is comprised of two tranches, structured as follows: Tranche A – Valued at EGP 69.4 million,…
Dojo+ is a strategic platform that empowers young entrepreneurs to transform innovative ideas into scalable and sustainable ventures. Sharjah, The Sharjah Entrepreneurship Center (Sheraa) concluded its 2025 Dojo+ program with a Pitch Competition held on Wednesday, September 24, at the Sharjah Research, Technology and Innovation Park. Three student winners were recognized during the final day of “Dojo+”, each presenting an innovative project in vital sectors such as edtech, sustainability, and artificial intelligence. Their projects reflected the ability of Sharjah’s youth to develop practical solutions that drive sustainable development and open new pathways for growth. Together, they received a total of AED…
RIGAS Co., Ltd., South Korea’s leading manufacturer of standard gases, announced that it will participate in ADIPEC 2025 (Abu Dhabi International Petroleum Exhibition and Conference), the world’s largest energy exhibition, held this November in Abu Dhabi. Founded in 1998, RIGAS specializes in the research, development, and production of standard gases used across major industries, including automotive, semiconductors, environmental monitoring, and petrochemicals. Through the establishment of its Gas Analysis Research Institute and continuous investment in R&D, the company successfully localized standard gases that were previously dependent on imports, thereby solidifying its leadership in the Korean standard gas market. With nearly three decades…
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today announced a strategic collaboration with QNB Group and DMZ Finance. Together, the partners are introducing QCDT—the world’s first DFSA-approved (Dubai Financial Services Authority) tokenised money market fund (MMF)—into Bybit’s platform as a collateral asset, marking a breakthrough in bridging traditional finance and digital assets. Bybit is the first global crypto exchange to accept QCDT as collateral, setting a new benchmark for the integration of Real World Assets (RWAs) in digital finance. QCDT is powered by DMZ Finance’s tokenisation expertise and managed by Qatar National Bank, with custodian by Standard Chartered…