All posts by uaenews247

Business & Investments

O Gold Receives Shariah Certification for Gold and Silver Investments and Wakalah Gold Earnings

  • Certification highlights O Gold’s leadership in delivering ethical, transparent, and fully Shariah-compliant fintech solutions for precious metal ownership.

Dubai, UAE – 18 August 2025 – O Gold, the UAE’s first Emirati fractional gold and silver ownership app, has been awarded a Shariah Compliance Certification from the Center of Islamic Banking and Economics. This certification marks a significant milestone and reaffirms the company’s commitment to Islamic finance principles.

O Gold offers insured and secure gold and silver buying and selling, along with Wakalah Gold Earnings, all fully compliant with Shariah principles. Wakalah Gold Earnings provides returns in gold, ensuring profits remain asset-based and interest-free. Every transaction is transparent, backed by high-purity gold and silver, with clear asset identification and no speculative practices.

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Technologies

Unit 42 by Palo Alto Networks Develops Agentic AI Attack Framework

  • Unit 42 outlines how Agentic AI capabilities can be leveraged by attackers to increase the speed of attacks 100x
Photo - AI

The integration of AI into adversarial operations is fundamentally reshaping the speed, scale and sophistication of attacks. As AI defense capabilities evolve, so do the AI strategies and tools leveraged by threat actors, creating a rapidly shifting threat landscape that outpaces traditional detection and response methods. This accelerating evolution necessitates a critical examination for CXOs into how threat actors will strategically weaponize AI across each phase of the attack chain.

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Hotels & Hosppitality

Hospitality Management Holding Offers Budget-Friendly Summer Stays Across UAE, KSA, and Jordan

  • Special Summer Room Rates Starting from AED 99 Across Prime Destinations
  • Full Breakfast for Just 1 AED Per Person with Any Room Booking

Dubai, UAE (August17, 2025):Hospitality Management Holding (HMH) unveiled two separate limited-time summer offers across its portfolio of hotels in the UAE, Saudi Arabia, and Jordan, providing travellers with exceptional value on accommodations and dining.

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Business & Investments

Union Coop Reports Record H1 2025 Performance with 6.4% Profit Growth

Retail giant posts AED 173.6 million in net profit, driven by strategic expansion, digital innovation, and enhanced customer experience

Dubai, UAE:

Union Coop has announced exceptional financial and operational results for the first half of 2025, driven by strategic retail expansion, innovative digital services, and a customer-centric approach that has solidified its leadership in the UAE’s retail sector.

Mr. Mohamed Al Hashemi, Union Coop’s CEO, revealed that the cooperative recorded a net profit of AED 173.6M after tax for the first half of the year, compared to AED 163.14M during the same period in 2024, marking a 6.4% growth. Profit before tax stood at AED 192M. Total income reached AED 1.158B, comprising AED 1.031B from retail sales, AED 88M from real estate, and AED 39M from other income.

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Shopping & Promotions

Dubai’s Summer Spending Surges by Over 100% During DSS Great Dubai Summer Sale Season

Dubai’s refreshed summer retail strategy during DSS 2025 drives strong industry performance at midway mark, with the Great Dubai Summer Sale season emerging as a key economic driver

Average retail spending surges by over 100% per cent across more than 1,000 brands and 3,500 outlets spanning over 100 retail destinations, positioning summer as a peak economic period for the city

Continue reading Dubai’s Summer Spending Surges by Over 100% During DSS Great Dubai Summer Sale Season →