... 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...
... 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...
... 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...
... 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...
... 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...
... 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...
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...
... 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...
... 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...
... 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...
... 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...
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...
... 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...
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...
... 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...
... 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...
... 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...
... 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...
... 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 ...
... 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...
... 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...
... 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...
... 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...
... 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...