Daily Archives: October 18, 2025

Real Estate

Attracted strong interest from VIP leaders and decision-makers

Dubai Land Department marks a standout presence at GITEX 2025, driving digital transformation in real estate

Dubai, United Arab Emirates, 18 October 2025: Amid a rapidly evolving technological landscape shaping the cities of the future, Dubai Land Department (DLD) concluded its participation at GITEX Global 2025, reaffirming its position as a leading government entity in smart real estate transformation, solidifying Dubai’s position among the world’s most digitally advanced cities.

Through a suite of pioneering initiatives and partnerships with leading global technology companies, DLD embodied its vision of transforming the customer experience into a fully integrated digital model, reflecting its commitment to the Dubai Economic Agenda D33 and the Dubai Real Estate Strategy 2033, while aligning with the emirate’s vision of building a data- and AI-driven economy.

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Business & Investments

IHC Acquires Majority Stake in First Women Bank Limited, Strengthening UAE–Pakistan Economic Partnership

Abu Dhabi, UAE – 17 October 2025: IHC, a global investment company focused on building dynamic value networks, has announced the acquisition of a majority stake in the state-owned First Women Bank Limited (FWBL), based in Karachi, Pakistan, following a successful privatization process conducted under Pakistan’s Inter-Governmental Commercial Transactions Act of 2022.

The announcement was attended by H.H. Sheikh Zayed bin Hamdan bin Zayed Al Nahyan, Chairman of 2PointZero, and H.E. Muhammad Shehbaz Sharif, Prime Minister of the Islamic Republic of Pakistan.

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Business & Investments

Canadian smart building solutions provider 1VALET to disrupt the UAE market

Date: Dubai, UAE; October 18, 2025

1VALET Corp, the Canadian leader in smart building solutions, is set to enter the UAE to redefine urban living. Its proprietary hardware and building operating software solution will introduce a feature-rich, innovative urban lifestyle ecosystem that will maximise convenience, minimise waste and create new revenue streams for developers and asset managers. It will change the way people live in nearly a million homes across the seven emirates.

1VALET’s expansion into the Middle East market through the UAE comes at a time when the global smart home market is projected to be valued at approximately US$162.27 billion in 2025, according to multiple sources. Projections show significant growth to additional hundreds of billions by 2030 and beyond, driven by Millennial homebuyers’ increasing demand for convenience, security and energy efficiency. 

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Beauty

Ajmal Perfumes Reaches 70-Store Milestone in the UAE with Latest Store launch

Dubai, UAE – October 17, 2025: Ajmal Perfumes, the region’s most revered fragrance house with 74 years of olfactory artistry, has further expanded its retail footprint in the UAE with the launch of its 70th store in Ajman. The opening marks a significant milestone in the brand’s growth journey, reinforcing its legacy as a homegrown success story that continues to evolve with the region’s dynamic retail landscape.

From its humble beginnings as a family-run perfumery business, Ajmal Perfumes has grown into a globally renowned brand, with a presence across more than 60 countries. The Ajman store opening is a testament to Ajmal’s ongoing commitment to bringing its heritage of fine fragrance closer to communities across the Emirates, fusing timeless craftsmanship with contemporary sensibilities.

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