Dubai Taxi Completes AED1.45 Billion National Taxi Acquisition to Strengthen UAE Market Leadership and Drive Long-Term Growth

Financial
Dubai Taxi has completed the acquisition of National Taxi in a deal valued at AED1.45 billion, equivalent to about $395 million. Dubai Taxi expects the transaction to strengthen its position in the UAE transport sector while supporting long-term business growth. The acquisition also aligns with the company’s expansion strategy and increases its presence across key markets. The company financed the...
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Iraq Accelerates Energy Development by Expanding Renewable Power, Improving Grid Efficiency, and Strengthening International Partnerships

Iraq energy development moved forward as government officials continued discussions on a strategic project to modernize the country’s electricity sector. The proposed initiative focuses...

Oman Boosts Pharmaceutical Manufacturing, Medical Technology, and Healthcare Investment to Support Economic Diversification

Oman pharmaceuticals continue gaining momentum as the country strengthens its healthcare manufacturing sector. Officials aim to attract more investment while expanding domestic production capabilities....

UAE Gold Prices Continue to Hold Steady Despite Weekly Declines as Global Markets React to Geopolitical and Economic Developments

UAE gold prices remained stable on Thursday despite renewed geopolitical uncertainty across the Middle East. However, the precious metal has still lost value over...
Investment

Oman and Jordan Launch $100 Million Investment Company to Boost Key Economic Sectors

Oman Jordan cooperation reached a new milestone after both countries agreed to establish a joint investment company worth $100 million. Oman Jordan partnership aims to accelerate economic diversification while supporting business growth across several strategic industries. The initiative also reflects both countries' commitment to strengthening regional investment and expanding long-term economic cooperation. The new investment company will be jointly established...

Finacial

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Derasat CEO Participates in Hili Forum 2nd Edition

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Abdulla Mohamed Alahmed, CEO of Derasat, participated in the 2nd edition of the Hili Forum in Abu Dhabi. The event took place on September 8–9 and attracted regional and international experts. Moreover, it focused on global and...
Financial

Gold Prices UAE Remain Stable as Global Inflation and Interest Rate Signals Shape Market Sentiment

Gold prices in the UAE remained stable during early trading across local markets. Prices showed only a slight daily decline despite ongoing global economic...
Financial

UAE stablecoin use set to rise with digital payments shift

The UAE moves quickly to adopt digital finance solutions. UAE stablecoin use will likely transform everyday transactions. Digital currency may soon reshape payment systems,...
Bahrain

Bahrain Economic Growth Driven by Non Oil Sector Expansion and Rising Investment

Bahrain recorded notable economic growth in the second quarter of 2025, according to the Ministry of Finance and National Economy. The latest data highlights how the...
Bahrain

Bahrain’s Fael Khair Initiative Settles Over BD 3.5 Million in Financial Cases

Bahrain’s Fael Khair initiative has successfully settled 1,631 financial cases worth over 3.6 million Bahraini dinars. This milestone coincides with Human Rights Day. It...
Investment

Qatar Realtors Welcome Real Estate Reforms

Filipino real estate professionals in Qatar support the country’s efforts to improve the property sector. The Association of Filipino Real Estate Executives in Qatar...
Financial

Oman Real Estate Market Sees Shifts in Traded Value

The Oman real estate market sees shifts in traded value as overall activity shows mixed performance across key segments. Although total transactions fell, specific...
Bahrain

Bahrain Secures Major IsDB Financing Deals to Boost Infrastructure and Industrial Expansion Projects

Bahrain development projects gained new momentum after the government secured financing agreements with the Islamic Development Bank. The deals support major infrastructure and industrial...
Financial

UAE Banking Sector Surges in Lending and Profitability

The UAE banking sector outperformed its GCC peers, achieving strong revenue and lending growth. Moreover, analysts highlighted disciplined management, operational efficiency, and diversified income...
Oil and Gas

Saudi Arabia Offers Rare Spot Crude Amid Hormuz Freeze

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Global oil crisis conditions worsened Monday as Saudi Arabia took the unusual step of offering crude on the spot market. This move follows the near-total collapse of tanker traffic through the Strait of Hormuz due to intense regional conflict....

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