NewBridge Fintech Solutions has just raised money from Finablr founder B.R. Shetty to fund its growth The fintech landscape in the Middle East is both competitive and growing, with several cities bidding to become the region’s fintech hub and the number of funders looking to back...

The two Islamic facilities follow a previous AED 1bn facility arranged in December 2017 Developer Arada has secured two loans worth a total of AED1 billion ($270m) from Mashreq Bank to help fund its Aljada and Nasma Residences projects in Sharjah, the company announced on Wednesday....

An initial batch of 6,800 will be granted a new residency status as part of the move Business leaders and prominent personalities across the UAE have praised the country’s new gold card residency scheme as a way to boost the confidence of expatriates and enhance the country’s image...

UAE has not yet blamed anyone for the acts of sabotage on four vessels including two Saudi oil tankers DUBAI: The United Arab Emirates said on Wednesday that the participation of several countries in an investigation into last week's attack on oil tankers off its coast would support...

UAE and Jordan will do a military exercise together in UAE in the near future Abu Dhabi's Crown Prince said on Wednesday the United Arab Emirates is working with Arab countries to guarantee maritime freedom in the region, Emirates news agency (WAM) reported. Hosting Jordan's King...

Work on a total of 43,882 residential units is in its final stages, according to the report More than 48,000 freehold residential units are under construction in Dubai and likely to be ready ahead of the mega Expo 2020 event, according to a report. Of these projects, work on a...

The expansion of the mosques is part of the government's plans to keep pace with the population growth across the emirate. The Sharjah Directorate of Public Works, SDPW, has partnered with the Islamic Affairs Department to undertake the construction and maintenance of mosques in...

Gourmet cafe chain has announced it is to close its Dubai locations permanently after four years in business Gourmet café chain Pantry Café has announced it is to close its Dubai locations permanently after four years in business. The company, which has outlets in Wasl Square,...

300MW second stage of the 800MW third phase of the Mohammed bin Rashid Al Maktoum Solar Park set to go live next month Saeed Mohammed Al Tayer, managing director and CEO of Dubai Electricity and Water Authority (DEWA), has reviewed the progress of the 300MW second stage of the 800MW...

Financing has been secured for the 1.8 gigawatt Hamriyah Independent Power Company in Sharjah Developers have secured about $1 billion in financing for a 1.8 gigawatts (GW) power project in Sharjah. Co-developers GE Energy Financial Services (GE EFS) and Japan’s Sumitomo...