Daily Archives: April 23, 2025

Featured, Real Estate

Danube Group opens another majestic mosque in National Industries Park

The First Mosque in NIP: A Spiritual Landmark for 2,000+ Worshippers

Dubai, UAE – 23 April 2025 – Marking a momentous milestone in its legacy of community service and spiritual development, Danube Group has officially inaugurated a landmark mosque at National Industries Park (NIP) – the first and only mosque in the area. This new religious and communal space reaffirms Danube’s unwavering commitment to supporting infrastructure that nurtures unity, faith, and social harmony.

Continue reading Danube Group opens another majestic mosque in National Industries Park →
Business & Investments

Arakkal Gold & Diamonds Opens Its Largest and Most Innovative Showroom in Sharjah

Sharjah, UAE, 23 April 2025 – Arakkal Gold and Diamonds, renowned for its heritage, exquisite craftsmanship, and commitment to customer trust, is poised to unveil its largest and innovative showroom at Safari Mall, Sharjah, on April 27th, 2025. This grand opening marks a significant milestone in Arakkal’s journey as a global luxury jewellery brand, seamlessly blending tradition with innovation to deliver an elevated customer experience.

Continue reading Arakkal Gold & Diamonds Opens Its Largest and Most Innovative Showroom in Sharjah →
Business & Investments, Real Estate

Moody’s Ratings Upgrades PNC Investments LLC (Sobha Realty)’s CFR to Ba2; Affirms Sukuk Rating at Ba2

Dubai, April 23, 2025: PNC Investments LLC (PNCI), the parent company of global luxury real estate developer Sobha Realty, has received an upgrade in its Corporate Family Rating (CFR) from Moody’s Ratings, which raised the rating to Ba2/stable from Ba3/stable. Additionally, the senior unsecured rating of PNCI’s existing $500 million sukuk issued by Sobha Sukuk Limited has been affirmed at Ba2, all outlooks remain stable.

Continue reading Moody’s Ratings Upgrades PNC Investments LLC (Sobha Realty)’s CFR to Ba2; Affirms Sukuk Rating at Ba2 →
Real Estate

BNW DEVELOPMENTS SETS NEW BENCHMARKS

97 TAJ WELLINGTON MEWS RESIDENCES RESERVED WITHIN HOURS OF LAUNCH

DUBAI – APRIL 23, 2025: Indian Hotels Company (IHCL), India’s largest hospitality company, debuted Taj Wellington Mews on the picturesque Al Marjan Island, Ras Al-Khaimah in partnership with BNW Developments, a leading name in luxury real estate sector. The property witnessed 97 of its units reserved within the first 24 hours of its launch, making it among the UAE’s fastest-selling luxury projects to date.

Continue reading BNW DEVELOPMENTS SETS NEW BENCHMARKS →
Business & Investments

UAE Ranks Among Top Emerging Economies in AI Readiness: BCG Study

  • BCG’s AI Maturity Matrix is a crucial indicator for future-oriented AI policy-making and strategic investment decisions.
  • The UAE was ranked as a global emerging AI contender.Elevating private-sector investment, nurturing a broader pool of domestic AI talent, and bolstering R&D and innovation are all crucial to maintaining momentum.
  • BCG’s ASPIRE framework offers a holistic view of AI readiness and paves the path for tailored, data-informed strategies to build and scale AI capabilities within national or regional ecosystems.

Lars Littig – BCG

Dubai, UAE, April 23, 2025 – The UAE ranks among the top emerging global economies in AI readiness, according to a report titled “GCC AI Pulse: Mapping the Region’s Readiness for an AI-Driven Future” by Boston Consulting Group (BCG). The report, based on BCG’s 2024 AI Maturity Matrix, was a focal point at the Dubai AI Assembly during the Dubai AI Week.

Continue reading UAE Ranks Among Top Emerging Economies in AI Readiness: BCG Study →