In May 2021, it signed an AED3.5 billion (US$952.8 million) contract with the UAE to build four Falaj 3-class offshore patrol vessels (OPVs) for the UAE Navy.
Abu Dhabi-backed RedBird IMI strikes $1.45 billion deal for UK’s All3Media
Jeff Zucker-led investment group RedBird IMI has struck a $1.45bn (GBP1.15bn) deal to buy Britain’s All3Media, the production house behind hit TV shows ‘Fleabag’ and ‘Squid Game: The Challenge,’ …
Sharjah Ruler honours Sharjah Quran Radio’s reciters
H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has assigned Al Qasimia University to carry out a project to create Quranic schools throughout Africa.The …
Arada awards two contracts valued at AED118 million at Sharjah’s Masaar
SHARJAH, 2nd March, 2022 (WAM) — Arada has announced the award of two contracts together valued at AED118 million at Masaar, the AED8 billion forested megaproject located in the Suyoh district of …
Dubai sets $7tn trade target as it hits goals ahead of schedule
Dubai continues to exceed expectations as it is established as a major international trade hub with high ambitions on the world stage …
Dubai-Based Team Kidzink Makes History As First UAE And First Female-Helmed SB20 Sailing World Champions
SB20 World Sailing Championships were held in Dubai 13-16 February, sponsored by Dubai Duty Free
Hamdan bin Mohammed highlights Dubai’s relentless quest to redefine standards as prime global trade hub
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, reaffirmed that Dubai continues to enhance its position as a leading global hub …
Financial services M&A down 50% from 2021 peak
M&A activity in the financial services sector continued to decline in 2023, with both the number of deals and total transaction value down by more than 50% off 2021 highs, according to McKinsey’s …
Exclusive: Philanthropy-focused fintech Overflow raises $20M
Overflow, a startup enabling charitable and faith-based organizations to accept stock, and crypto donations, raised $20 million in Series B funding, the company tells Axios exclusively. Why it matters …
Former Cleveland County deputy accused of killing wife pleads not guilty, will head to trial
Former Cleveland County deputy accused of killing wife pleads not guilty, will head to trial Brian Johnson will reportedly join in a prominent role on the offense. Andy Reid played down the idea of …
E& Reports Record Consolidated Net Profit Of AED 10.3 Billion Growing 3% Year-Over-Year
e& life, a fintech leader, pledged sustainability with the MENA Fintech … Acquiring a majority stake in Beehive, e& enterprise entered the SME lending market while UAE Trade Connect (UTC) consortium …
Ireland-UAE fintech collaboration to drive UAE’s financial services transformation
Leading Irish Fintech companies will be in Dubai to take part in the Irish Fintech Innovation Showcase event organised by Enterprise Ireland, the …
Astra Tech emerges as largest fintech card issuer in UAE with 100,000 issued in 4 months
The company said it has plans to broaden its multi-currency offerings and introduce a new loyalty programme in partnership with Mastercard …
Astra Tech emerges as largest fintech card Issuer
In just four months, Astra Tech has become the largest fintech issuer in the industry, via its Mastercard offering. This rapid achievement not only highlights the company’s efficiency and innovation …
Dubai: Damac chief sees influx of Chinese investors driving next rally in property market
The billionaire added that Dubai is benefiting from regional and global safety and security and low taxes, hence, there has been` an influx of top talent and businessmen from Europe, the US and other …
UAE firms boost cybersecurity budgets by 35% to beat AI-powered ransomware attacks
Companies in the UAE have increased their budget for cybersecurity by as much as 35 per cent as compared to maximum 30 per cent global surge over the past year, following a study that revealed 7 out …
Emirates announces daily flights from Dubai to Bogotá; UAE and Colombia waive visas
The daily flights to Bogotá, South America’s second largest city by population, will help cater to strong and growing demand for air travel between Colombia and the UAE as well as between Colombia and …