Author: Mahdeehassan

United Arab Emirates: IKEA, the Swedish home furnishing retailer operated by Al-Futtaim in the UAE, with a long-standing presence in the region, has reaffirmed its long-term commitment to affordability with the re-launch of its Price Lowered (PL) initiative across the UAE and Qatar. This strategic move comes amid rising living costs and aims to ensure that more customers across the region can enjoy well-designed, functional, and high-quality products at exceptional value. Unlike temporary sales or short-term promotions, Price Lowered is a permanent pricing strategy. Each year, IKEA strategically and permanently reduces the prices of more of its most-loved products –…

Riyadh – Leading global professional services firm Alvarez & Marsal (A&M), regionally headquartered in Riyadh, has formally launched its Tax practice in the Kingdom. A&M offers a full suite of Zakat and domestic and international tax services to support businesses in a rapidly changing tax environment. The Saudi-based team combines extensive local tax knowledge with experience in the public sector, tax authorities, and global advisory firms. The launch forms an important part of A&M’s expansion in the Kingdom. Craig McAree, Managing Director and Head of A&M’s Saudi Tax practice, said: ‘A&M’s tax practice in Saudi Arabia is designed to be a…

London – SOHAR Port and Freezone, in collaboration with the Ministry of Transport, Communications and Information Technology (MoTCIT) and Asyad Group, successfully hosted the SOHAR Maritime Excellence Showcase at the London International Shipping Week 2025 (LISW25). The SOHAR showcase reaffirmed Oman’s strategic position as a world-class hub for maritime trade, logistics, and green innovation, aligned closely with Oman Vision 2040 objectives. Opening the event, H.E. Khamis bin Mohammed Al Shammakhi, Undersecretary at MoTCIT for Transport, delivered a keynote address underscoring Oman’s maritime ambitions, ” Oman’s maritime industry is entering a new phase, one that extends beyond infrastructure to building an ecosystem…

DUBAI, United Arab Emirates (GLOBE NEWSWIRE) — Gold prices broke all-time highs this week, surging past historic levels as global investors rushed into safe-haven assets amid inflationary pressures, currency volatility, and geopolitical uncertainty. ISA Bullion, a company that has been serving clients since 2009, is at the forefront of this transformation and has now launched its next-generation digital trading platform, revolutionising how investors buy, sell, and store physical gold in real time. The latest figures highlight just how quickly investor behaviour is changing. In the Emirates, demand for gold bars rose 25% year-on-year in Q2 2025, according to the World Gold Council. Jewellery…

Abu Dhabi, United Arab Emirates: Inception, a G42 company, and the region’s leading innovator of AI-powered domain-specific products and enterprise business solutions, today announced the availability of seven of its products on the Microsoft Azure Marketplace. This milestone builds on the strategic partnership between G42 and Microsoft, enabling organizations worldwide to integrate enterprise-grade AI at scale and realize their AI ambitions at speed. The seven products that are available on the Azure Marketplace are: (In)ExecEdge: An AI-powered product for top executives that transforms leadership collaboration by automating meeting workflows, surfacing real-time insights, and integrating seamlessly with Microsoft 365 to drive faster,…

Abu Dhabi, UAE: The $1 million Human Energy Health and Wellbeing Award recognises achievements in advancing the global workforce health and wellbeing, focused on the Energy sector and reflects UAE’s continuous efforts to support innovation, wellbeing and ESG excellence. Presented by Response Plus Holding PJSC (ADX: RPM), the leading pre-hospital care and emergency medical services provider in the Middle East, and Burjeel Holdings (ADX: Burjeel), a leading super-specialty healthcare provider in MENA, and supported by the leading UK-based defence medicine training company, Prometheus Medical International, the $1 million Human Energy Award is currently open for submissions. Organizations across the global Energy sector…

Dubai, United Arab Emirates: ENBD REIT (CEIC) PLC (“ENBD REIT”), the Shari’ah compliant real estate investment trust managed by Emirates NBD Asset Management Limited, announces its financial results for the first quarter of the financial year ended 30th June 2025. NAV stood at USD 236.6 million, equivalent to USD 0.95 per share, reflecting a 8.2% quarter-on-quarter (QoQ) and 18.8% year-on-year (YoY) increase. The total value of ENBD REIT’s property portfolio rose to USD 411 million, up 4% QoQ and 10% YoY, with the increase largely driven by valuation gains across prime office assets such as Burj Daman in DIFC. Portfolio occupancy remained…

Abu Dhabi, UAE – Etihad Airways has released its traffic statistics for August 2025, marking a historic milestone as the airline carried more than 2 million passengers in a single month for the first time ever. The airline welcomed 2.0 million guests during the month, a 22% increase compared to August 2024. Etihad achieved a passenger load factor of 91%, up from 89% in the same month last year, reflecting strong demand and highly efficient capacity utilisation. Etihad’s operating fleet has expanded to 112 aircraft, supporting a growing network of 81 passenger destinations. The airline’s new A321LR entered service in August, bringing wide-body…

HyperPay, one of the fastest-growing e-payment gateways in the Middle East and North Africa (MENA) region, will showcase its comprehensive suite of solutions at Money20/20 Middle East 2025, which will take place from September 15 to 17, 2025, at the Riyadh Exhibition and Convention Centre in Malham, Saudi Arabia. HyperPay will leverage the platform to showcase its innovative portfolio of solutions aimed at supporting businesses and merchants across various industries, including e-commerce, hospitality, education, finance, government, and insurance. The company’s lineup includes HyperTap, a mobile-based contactless payment tool; recurring billing services optimised for subscription models; and advanced tokenisation and data…

Dubai: The first week of the 28th Universal Postal Congress – Dubai 2025, being held under the theme ‘Leading the Change, Creating the Future’, concluded today, convening delegations from 192 Universal Postal Union (UPU) member countries. It helped identify priority issues and forged international consensus on key agenda items to be adopted at the Congress, paving the way for the approval of the Union’s strategy for 2026–2029, named the ‘Dubai Strategy.’ In its first week, the Congress featured several high-level sessions, including the UPU Global Leaders Summit, setting an ambitious vision for the future of the postal and logistics sector. The…