United Arab Emirates

BlackRock Appoints Mohammad Al Fahim as Managing Director for UAE, Oman, and Bahrain

Stay updated and never miss another webinar with XM Live Education. BlackRock appoints Mohammad Al Fahim as managing director for the UAE, Oman, and Bahrain. Al Fahim’s background in financial industry and experience with Goldman Sachs makes him a valuable addition to BlackRock’s team, reflecting the company’s commitment to expanding its presence in the Middle East.

Tribute Portfolio debuts in the Middle East with The First Collection in Dubai

Tribute Portfolio makes its Middle East debut with The First Collection at Jumeirah Village Circle in Dubai, offering a blend of city energy and beach tranquility. The hotel provides easy access to Dubai’s key landmarks and attractions, embodying exceptional design and sincere service for guests seeking authentic experiences in the vibrant JVC neighborhood.

MetaHomes Revolutionizes UAE Real Estate Market with Free Property Listings

Discover how MetaHomes, a leading online real estate platform, is revolutionizing the UAE’s property market by offering free property listings to meet the high demand from the country’s booming tourism industry. With advanced technologies like AI, VR, and IoT, MetaHomes is setting new standards and providing a seamless real estate experience.

World Future Energy Summit in Abu Dhabi Draws Global Attention

The World Future Energy Summit in Abu Dhabi brought together over 400 companies from 112 countries to discuss sustainable development in the MENA region. The summit focused on advancing energy transition to achieve the goals set out in the ‘UAE Consensus’ and highlighted Saudi Arabia’s commitment to decarbonization through initiatives like the ‘Green Saudi Initiative’ and ‘Green Middle East Initiative’. With ambitious targets to reduce carbon emissions and achieve ‘net-zero emissions’ by 2060, Saudi Arabia is actively working towards a greener future with a significant investment in renewable energy.

Dubai’s Parkin Makes Impressive Debut on Dubai Financial Market with 30% Surge in Shares

Dubai’s Parkin, a leading parking operator, made an impressive debut on the Dubai Financial Market with shares surging over 30% during its oversubscribed IPO. The company raised a substantial 1.57 billion dirhams ($429 million) and is poised to capitalize on Dubai’s growing population, with residency visas increasing by 63% in the first half of 2023. Parkin’s successful IPO marks the UAE’s first public listing of the year, signaling a positive start for the regional market.

UAE travellers opt for longer breaks and exotic destinations over Ramadan and Eid period

Travellers in the UAE are opting for longer breaks and exotic destinations over Ramadan and Eid, with a surge in travel bookings reported by musafir.com. Factors such as school spring breaks, rising airline ticket costs, and flexible working options are contributing to this trend. Popular destinations for this trend include Europe, CIS countries, Maldives, Sri Lanka, and more.

Sunreef Yachts Expands with New Manufacturing Facility in the United Arab Emirates

Sunreef Yachts, Rafael Nadal’s favorite catamaran builder, is opening a new manufacturing facility in the United Arab Emirates. The state-of-the-art facility in Ras Al Khaimah will prioritize sustainability and incorporate the latest technologies in luxury yacht building. This expansion not only strengthens Sunreef’s presence in the Middle East but also enhances its connectivity with Asia and Australia, facilitating the introduction of its eco-friendly multihulls to a wider global audience.