Business & Money | Wednesday 25 June, 2025 10:37 am

Dubai’s Omining unveils first African Site in Kenya’s Special Economic Zone

 Omining, the crypto infrastructure company based in Dubai and operating under the DMCC ecosystem, has expanded operations into Kenya. The company’s newly established facility in the Kenyan Special Economic Zone (SEZ) makes it one of the first large-scale Web3 deployments in East Africa by a ...

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Business & Money | Wednesday 25 June, 2025 9:26 am

EDGE, CS Group sign MoU to collaborate on tactical communications project

EDGE, one of the world’s leading advanced technology and defence groups, and CS Group – part of Sopra Steria, the European tech leader – specialising in the design, development, and implementation of tactical communication solutions and information systems, have signed a Memorandum of...

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Business & Money | Wednesday 25 June, 2025 9:24 am

FTA underscores importance of promptly registering for Corporate Tax

As part of its comprehensive campaign to raise awareness of Corporate Tax among business sectors, the Federal Tax Authority (FTA) held its third workshop of the year in Ras Al Khaimah (RAK), dedicated to familiarising participants with the rules for determining taxable income under the Corporate...

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Business & Money | Wednesday 25 June, 2025 9:22 am

Al Mal Capital REIT announces follow-on public offering, 3.75% dividend for H1 2025

Al Mal Capital REIT (AMC REIT) the first REIT listed on the Dubai Financial Market (DFM), regulated by the Securities and Commodities Authority (SCA), and managed by Al Mal Capital PSC, a subsidiary of Dubai Investments PJSC, is inviting existing unitholders, as well as UAE and GCC individual and...

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Business & Money | Wednesday 25 June, 2025 9:20 am

SEDD promotes economic, investment opportunities with Oman

Sharjah Economic Development Department (SEDD) organised a virtual workshop in coordination with UAE Embassy in the Sultanate of Oman and Oman Chamber of Commerce and Industry (OCCI). The workshop aimed to promote promising economic sectors and investment opportunities in the emirate of...

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Business & Money | Wednesday 25 June, 2025 9:19 am

Sharjah Startup Studio concludes 2024 cohort with 19 high-potential startups

The Sharjah Entrepreneurship Center (Sheraa) hosted the Demo Day for its flagship Sharjah Startup Studio (S3) on 23rd June at YourSpace in Aljada, celebrating the graduation of its 2024 cohort. The event marked the conclusion of a six-month programme that supported 19 high-potential startups...

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Business & Money | Wednesday 25 June, 2025 9:17 am

Borouge to develop AI-powered autonomous operations to accelerate growth

Borouge Plc has announced its collaboration with Honeywell to conduct a proof of concept for AI-powered autonomous operations, which has the potential to revolutionise plant operations in the UAE. The collaboration between Borouge and Honeywell is set to deliver the petrochemical industry’s...

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Business & Money | Wednesday 25 June, 2025 9:13 am

Mutakamela Insurance shareholders approve SAR 1.3B contracts with BSF

Mutakamela Insurance Co.’s shareholders, in an ordinary general meeting (OGM) held on June 23, approved business and contracts concluded with Banque Saudi Fransi (BSF) and its subsidiaries during 2024 for a total value of SAR 1.3 billion. In a statement to Tadawul, the company said that the...

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Business & Money | Wednesday 25 June, 2025 9:12 am

New KPMG Study Emphasizes Need for Robust Internal Controls and Monitoring Systems to Combat Rise in Corporate Fraud in MENA

Financial fraud is becoming a mounting concern across the Middle East. In Saudi Arabia, incidents are increasing by 15% annually, driven by economic transformation, digital integration, and the rapid pace of Vision 2030. Across the wider region, more than 223,000 digital assets remain vulnerable to ...

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Business & Money | Wednesday 25 June, 2025 9:11 am

Axelerated Solutions inks SAR 32.24M contracts for cybersecurity system update

Axelerated Solutions for Information and Communication Technology Co. signed on June 24, two contract worth SAR 32.24 million (incl. 15% VAT) with Najm for Insurance Services Co. to update cybersecurity systems, renew operating technical support services, and increase server capacity, according to...

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