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ALSO ON OUR RADAR | EnterpriseAM UAE

India’s Shapoorji Pallonji completes first Dubai residential project

... subsidiary for regional expansion: Pakistan's commodities B2B platform Zarea incorporated a wholly-owned subsidiary in Dubai, named Zarea Commerce, according to a bourse disclosure (pdf) to the Pakistan Stock Exchange. The new entity will serve as the company's regional headquarters and will focus on technology-driven B2B trade and international market access, the dis...

Wednesday, 16 July 2025

THIS MORNING: GulfNav wraps bond sale to fund Brooge M&A play + SCA issues “goodwill” framework for public firms

... 43%, followed by investors from Pakistan, the UK, Egypt, and the Philippines. Rakez now hosts over 35k active companies from more than 100 countries. THE BIG STORY ABROAD- In a big reversal of his foreign policy stance towards Russia, US President Donald Trump threatened 100% tariffs on Russian imports — along with fresh sanctions — if Russia does not end its war on Ukraine within...

Tuesday, 15 July 2025

AVIATION | EnterpriseAM UAE

Wizz Air Abu Dhabi to shut down operations by September

... Dhabi base to break into India and Pakistan due to a lack of regulatory approvals from Abu Dhabi, he added. Abu Dhabi made up about 5% of the airline’s operations, while Central and Eastern Europe accounts for roughly two thirds. What now? The airline will shift its focus to the Central and Eastern European markets, where Wizz Air has under-invested on the back of its prolonged pr...

Tuesday, 15 July 2025

ALSO ON OUR RADAR | EnterpriseAM UAE

More potential crypto payments for flights + at airports

... AVIATION- #1- Air Arabia adds new Pakistan route: Budget carrier Air Arabia will introduce flights to the industrial city of Sialkot in Pakistan, starting from Thursday, 17 July, according to a press release. The new route will operate three weekly flights from Abu Dhabi’s Zayed International Airport. The carrier already serves Faisalabad and Multan in Pakistan...

Thursday, 10 July 2025

DIPLOMACY | EnterpriseAM UAE

UAE, Azerbaijan ink economic partnership agreement + President meets Armenian PM ahead of Armenia, Azerbaijan peace talks in Abu Dhabi

... independence there to flee.UAE + Pakistan discuss fiscal cooperation in bilateral meeting: Financial Affairs Minister Mohamed bin Hadi Al Hussaini met with Pakistan's Finance and Railways Minister Bilal Azhar Kayani to discuss fiscal management, tax reforms, and digital governance, according to a social media post on X. The meeting followed a June MoU between both nat...

Thursday, 10 July 2025

LOGISTICS | EnterpriseAM UAE

AD Ports’ new Central Asian JV begins operations

... Central Asia — connecting through Pakistan, Turkey, the GCC, and the Indian subcontinent. The new firm will utilize KTZ’s 16k km of rail lines in Central Asia to boost trade flows and expand transport infrastructure. Nearly 70% of freight moves through Kazakhstan via rail.…and supporting ongoing projects: Under the JV, AD Ports looks to revamp Central Asia’s logistics infrastructu...

Thursday, 10 July 2025

DEBT WATCH | EnterpriseAM UAE

UAE banks back Pakistan with USD 1 bn sovereign facility

DIB leads USD 1 bn Islamic financing facility for Pakistan: Dubai Islamic Bank (DIB) led a consortium securing a five-year USD 1 bn syndicated term-finance facility for the Pakistani government, according to a press release. The details: The transaction features a USD 890 mn Islamic tranche structured as a commodity Murabaha. The facility benefits from a partial guarantee by the Asian...

Wednesday, 9 July 2025

THIS MORNING: Adnoc could reportedly slow down its M&A spree amid falling oil prices + Trump-linked BTC miner sets up shop in Dubai

... outbound transactions to India, Pakistan, Egypt, and the Philippines, Gulf News reports, citing a statement from the bank. The fee will only apply to international transactions outside of the zero-fee corridors and made through its app-based and online platforms, such as DirectRemit.DATA POINT- Some 22.4k new Indian firms began operating in the UAE in 1H 2025, marking a 10% y-o-y...

Wednesday, 2 July 2025

SPOTLIGHT | EnterpriseAM UAE

Pakistan is on the cusp of a digital banking revolution — and Mashreq wants a piece of the pie

... license from the State Bank of Pakistan (SBP) to begin pilot operations as a digital retail bank. This expanded Mashreq’s operations to 14 countries, with the lender poised to offer digital and Islamic banking services in the country this year, with a view to onboard mns of customers over the next five years. The bank has been operating on a pilot basis — offering banking services...

Tuesday, 1 July 2025

ALSO ON OUR RADAR | EnterpriseAM UAE

Mashreq expands footprint to Turkey with new office

... license from the State Bank of Pakistan to operate as a digital retail bank in the country. BUSINESS-Addleshaw Goddard launches Abu Dhabi office: UK-headquartered law firm Addleshaw Goddard has opened an office in the ADGM to serve clients across financial services, energy, infrastructure, and technology, according to a statement. The launch marks the firm’s fifth office in the Mi...

Thursday, 26 June 2025

STARTUP WATCH | EnterpriseAM UAE

Cross-border payments firm SaturnX raises USD 3 mn

... Philippines, Bangladesh, Indonesia, and Pakistan. The capital will also boost regulatory infrastructure and platform development as it looks to capitalize on the USD 600 bn global remittance market, the statement read.More on SaturnX: Founded by Mirnas Brescic (LinkedIn), SaturnX operates liquidity pools for stablecoin transfers and provides real-time FX pricing aggregation. The c...

Friday, 20 June 2025

DIPLOMACY | EnterpriseAM UAE

UAE, Pakistan ink a government modernization MoU + Cooperation on development with Czech, and renewables with Serbia

The UAE and Pakistan have inked an MoU focused on government modernization, aimed at advancing institutional reform, data-driven policymaking, and capacity building in Pakistan, according to a press release. Under the MoU, both sides will collaborate on civil service development, public sector reform, urban planning, and science and tech integration, among other areas. Th...

Thursday, 19 June 2025

ENERGY | EnterpriseAM UAE

Abu Dhabi’s SCFEA awards three Adnoc-led production concessions

... Adnoc will hold a 60% share, while Pakistan International Oil Limited (PIOL) will own the remaining 40%. Pakistani Oil and Gas Development Company — part of a Pakistani consortium that formed PIOL — wrapped up the drilling of two appraisal wells in the block in November last year. Why is Adnoc locked in at 60%? In Abu Dhabi, rights to explore for and produce oil and gas are typica...

Friday, 13 June 2025

DIPLOMACY | EnterpriseAM UAE

UAE, Pakistan talk economic, diplomatic ties

UAE, Pakistan talk strengthening bilateral ties: UAE President Mohamed bin Zayed Al Nahyan met with Pakistani Prime Minister Shehbaz Sharif in Abu Dhabi, and discussed strengthening ties across economic, investment, and development sectors, as well as on regional and global peace efforts. Sharif praised the UAE’s role in promoting global stability and diplomatic engagement, and thanke...

Friday, 13 June 2025

THIS MORNING: Pakistani PM arrives in the UAE + MGX to invest in OpenAI’s upcoming funding round?

... economic and strategic ties between Pakistan and the Emirates, according to a statement from Pakistan’s Foreign Ministry. He is accompanied by Deputy Prime Minister and Foreign Minister Muhammad Ishaq Dar, along with senior federal ministers. Sharif last visited the UAE in February to meet with the president and attend the World Governments Summit in Dubai. THE BIG ST...

Thursday, 12 June 2025

SPOTLIGHT | EnterpriseAM UAE

Mashreq eyes digital trade products + unsecured instant lending as it doubles down on SME financing this year

... Central Bank of Egypt, he told us. Pakistan would follow with a launch later this year or early next year.

Monday, 2 June 2025

THIS MORNING: Mubadala to invest in Telegram’s USD 1.5 bn bond issuance? + UAE firms eye Russian business of UniCredit

... Kyivstar in Ukraine and Jazz in Pakistan among its portfolio of operators, is also considering IPOs of its subsidiaries in the UAE along a similar timeline, the newswire said. #4- The UAE is hoping to formalize a trade agreement with the EU within three to six months, Reuters quotes Foreign Trade Minister Thani Al Zeyoudi as saying. He adds that talks won’t hinder GCC efforts to p...

Thursday, 29 May 2025

THIS MORNING: More Ghitha acquisitions coming? + Flydubai resumes flights to Damascus

... floated as neutral venue for India-Pakistan talks amid ceasefire:Pakistan’s Deputy Prime Minister Ishaq Dar proposed the UAE and Saudi Arabia as potential neutral venues for future composite talks with India, contingent on New Delhi’s readiness for dialogue, Arab News reports. The potential talks would follow a ceasefire agreement signed on 10 May following a spike in...

Friday, 23 May 2025

DIPLOMACY | EnterpriseAM UAE

Big day for Saudi-UAE cooperation as Abu Dhabi Crown Prince attends Gulf-US Summit

... a ceasefire between India and Pakistan, and for its talks with Iran, as well as highlighting key areas of cooperation with the US, including economic development, energy, and technological advancement. ALSO- The Crown Prince met with Saudi Crown Prince and Prime Minister Mohammed bin Salman to discuss ways to strengthen bilateral cooperation, according to a separate statement.AND...

Thursday, 15 May 2025

THIS MORNING: EU regulators to decide on Adnoc’s Covestro bid today

... restoring flight operations to Pakistan following the reopening of Pakistani airspace yesterday after a temporary closure due to heightened tensions with India. All airlines advised passengers to check their flight status and notifications.Emirates has resumed its scheduled services to Pakistani cities, including Karachi, Lahore, Islamabad, Sialkot, and Peshawar, the airline said ...

Monday, 12 May 2025

ALSO ON OUR RADAR | EnterpriseAM UAE

ADIA closes reported USD 1 bn Qlik acquisition

... begin daily flights to Peshawar, Pakistan starting 15 May, expanding its network in the country to eight destinations, the airline said in a statement. The airline’s Boeing 737 fleet will operate the route from Terminal 2 at Dubai International Airport to Bacha Khan International Airport.INFRASTRUCTURE-Jebel Ali Racecourse to be developed by BIG, ARM: UAE investment firm ARM Holdi...

Friday, 9 May 2025

THIS MORNING: US looks to fast-track foreign investments, including from the Gulf + New planned hospitals in Dubai

... all flights between the UAE and Pakistan until Saturday tomorrow due to “ongoing uncertainty surrounding access to the country’s airspace and airports” the airline said in a travel update.Etihad Airways also cancelled all flights to and from Pakistan, according to a travel alert on their website. The airline said it is monitoring the evolving situation, which is subje...

Friday, 9 May 2025

THIS MORNING: CBUAE keeps rates unchanged + Trump to rescind AI export restrictions?

... nighttime lows of 28°C.#1- Flights to Pakistan and Northern India continue to be disrupted: UAE-based airlines Emirates, Etihad, and Air Arabia have canceled or rerouted flights to Pakistan and northern India following airspace closures triggered by regional tensions, though flydubai has resumed flights to most locations, The National reports. The airlines advised pas...

Thursday, 8 May 2025

THIS MORNING: EU antitrust regulators set to give their OK to Adnoc for Covestro takeover + Fed likely to keep rates unchanged at meeting today

... called “terrorist sites” inside Pakistan and the Kashmir province, killing 8 and injuring dozens. The attacks have been framed as a retaliation against deadly terrorist attacks that hit India last month.Pakistani military officials said they shot down five Indian planes in response, and that troops are exchanging fire along the ceasefire line in Kashmir.Several airlines, including...

Wednesday, 7 May 2025

THIS MORNING: Khazna Data Centers eyes KSA expansion + Shurooq expands tourism, hospitality portfolio with two new projects

... zone came primarily from India, Pakistan, the UK, Egypt, and France. #2- Ras Al Khaimah Department of Economic Development (RAKDED) issued 644 new licenses in 1Q 2025, marking a 15.6% y-o-y increase, according to Director of the Commercial Affairs Department Amina Qahtan Al Shehhi, Wam reports. The breakdown of new licenses included professional licenses at 24.4%, industrial lice...

Tuesday, 29 April 2025