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Month: August 2025

Posted on 05/08/2025

Bank of Sharjah appoints Paul Cox as Chief Retail Banking Officer

Sharjah, UAE — Bank of Sharjah is pleased to announce the appointment of Mr. Paul Cox as its new Chief Retail Banking Officer, marking a strategic move to strengthen the Bank’s retail and wealth …

Posted on 05/08/2025

Dubai: Now you can pay for on-street, off-street parking through Salik

Car owners in Dubai will be able to pay for on-street, off-street parking through Salik, as part of a new agreement signed on Tuesday. The newly signed agreement between Parkonic, a smart parking …

Posted on 05/08/2025

Using credit card to buy property in Dubai lands may land you in trouble: Report

Credit cards are meant only for current account transactions, such as hotel booking, movies or buying books, not for capital account transactions such as buying an asset …

Posted on 05/08/2025

Etisalat by e&’s GoChat celebrates 5mln downloads – ZAWYA

Dubai, UAE: etisalat by e& announced today that its Super App GoChat crossed 5 million downloads, achieving this major milestone in less than a year since its official launch, and has now taken a step …

Posted on 05/08/2025

Dubai’s new AI parking system: 36,000 spaces covered for vehicles

The system enables a truly zero-interaction customer journey, aligning with Dubai’s push toward an intelligent mobility infrastructure …

Posted on 05/08/2025

Parkin, Dubai Holding partner to deliver smart parking solutions in Dubai

Dubai’s foremost provider of paid parking facilities, Parkin Company PJSC (Parkin), has formalised a collaboration with Dubai Holding, the global investor managing projects in over 30 countries. This …

Posted on 05/08/2025

Lulu IPO: UAE retailer to list 25% shares on ADX – MSN

The UAE retail giant Lulu Group plans to list 25 per cent of its share capital on the Abu Dhabi bourse, the latest company seeking to capitalise on the continued economic momentum and listing boom …

Posted on 05/08/2025

“We Got Funded!” UAE-Based Fintech Alaan Raises a US$48 Million Series A Round

The funds will accelerate Alaan’s expansion in Saudi Arabia and power the next phase of its growth, focused on AI-driven finance automation.

Posted on 05/08/2025

BitHash accelerates global mining expansion with major infrastructure projects in the UAE, US

In a strategic move to meet rising institutional demand for crypto mining infrastructure, BitHash has announced a major global expansion, unveiling new high-capacity CAPEX sites in both the UAE and …

Posted on 05/08/2025

SEC issues decision to form Police Judicial Council in Sharjah

During its meeting on Tuesday, the Sharjah Executive Council (SEC), chaired by H.H. Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Vice Chairman of the Council, issued a …

Posted on 05/08/2025

Abu Dhabi’s MGX Weighs Raising Billions for AI Investment Fund

Abu Dhabi-based MGX is considering plans to raise billions of dollars in third-party capital as it looks to ramp up investments in artificial intelligence, according to people familiar with the matter …

Posted on 05/08/2025

Abu Dhabi’s MGX could raise up to $25 billion for AI fund, Bloomberg News says

Abu Dhabi-based MGX is considering plans to raise as much as $25 billion in third-party capital as the investment group looks to ramp up its artificial intelligence holdings, Bloomberg News reported …

Posted on 05/08/2025

Sudan accuses the UAE of funding Colombian mercenaries to fight alongside the RSF in civil war

Sudan has accused the United Arab Emirates of sending Colombian mercenaries to fight alongside the paramilitary Rapid Support Forces against the military in the country’s civil war. The …

Posted on 05/08/2025

UAE’s summer nears its end: Relief from extreme heat soon

The traditional appearance of the Suhail star later this month marks the seasonal turning point, signaling a gradual easing of the extreme heat …

Posted on 05/08/2025

Abu Dhabi Home Prices Surge Amid Rising Investor Interest

The cost of purchasing homes in Abu Dhabi has surged, driven by a growing influx of high-net-worth individuals and a steady demand for prime resid …

Posted on 05/08/2025

Al Saqer Property Management secures leadership in real estate portfolio management

Al Saqer Property Management (ASPM), a key division of United Al Saqer Group L.L.C and a prominent service provider in Abu Dhabi, Al Ain, and the Northern Emirates, was granted the Leadership in Real …

Posted on 05/08/2025

Dubai Residential REIT delivers AED622 million profit in H1

Dubai Residential REIT posted a net profit before changes in the fair value of investment property of AED622 million during the first half of 2025, an increase of 10 percent compared to the first half …

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