Landmark facility ties pricing to ESG performance across one of the UAE’s most prominent conglomerates
Dubai, UAE, 17 June, 2025: Mashreq, a leading financial institution in the MENA region, has structured the first Sustainability-Linked Financing (SLF) for Galadari Brothers, a UAE-based leading conglomerate, marking a significant step in advancing their sustainability journey.
The transaction applies exclusively to Yazle’s MENA operations; which will be integrated with Napptix’s existing Gaming 360° products and services.
Dubai, United Arab Emirates – 19 June 2025 – Napptix, the Dubai-based ad-tech company behind the Gaming 360° advertising platform, today confirmed completion of its acquisition of Yazle Marketing Management’s Middle-East & North-Africa (MENA) business. The agreement covers Yazle’s commercial activities, client portfolio and team across the Gulf and North Africa, Yazle’s businesses in Asia-Pacific, Europe and the Americas continue under existing ownership.
2024 output surpasses 14.8 million sqm, fueled by mega projects, sustainability priorities, and Glass LLC’s growing global reach
Dubai, UAE, 18th June 2025 – Dubai Investments, the leading diversified investment company listed on the Dubai Financial Market, has announced strong year-on-year growth across its glass manufacturing portfolio under Glass LLC, with total production surpassing 14.8 million square meters in 2024. This milestone reflects the company’s sharp focus on innovation, sustainability, and expanding demand driven by regional mega projects.
10th annual report spotlights leading Muslim-friendly destinations worldwide
Dubai, UAE; June 18, 2025 – As awareness of Muslim travelers’ needs grows, Halal travel is increasingly shaping how destinations design and deliver experiences. According to the newly released 2025 Mastercard-CrescentRating Global Muslim Travel Index (GMTI), international Muslim arrivals reached 176 million in 2024 – up 25% from 2023 – and are projected to grow to 245 million by 2030. By then, total travel spending is expected to reach USD$230 billion, highlighting the growing influence and economic potential of this vibrant market.
The UAE’s Comprehensive Economic Partnership Agreements (CEPAs) are ideal examples of South-South cooperation that is helping UAE to increase its trade with its partners. Thanks to CEPAs, the UAE recorded a 49 percent jump in its total foreign trade reaching Dh5.23 trillion (US$1.42 trillion) in 2024, compared to Dh3.5 trillion (US$949 billion) in 2021, according to the World Trade Organisation (WTO).
H.E. Ahmed Ali Al Sayegh, Minister of State, Economic and Trade Affairs, Ministry of Foreign Affairs, UAE
Date: Abu Dhabi, UAE; June 18, 2025
The development financing gap for the Global South could surge to US$6.4 trillion by 2030, according to a recent report published by OECD, underscoring the urgent need for deeper cooperation among developing economies. This call to action was a key message from government leaders and experts convening at the inaugural edition of Global South Economic Forum (GSEF), held at Anwar Gargash Diplomatic Academy (AGDA) in Abu Dhabi.