Category Archives: Business & Investments

Business & Investments

E-Commerce business jumps by 20 per cent in the UAE since February, 2026

Reputed E-Commerce Distributor such as Blue Ocean Global Group have been working closely with E-Commerce platforms to ensure steady supply of consumer goods during challenging times

Date: Dubai, UAE, April 29, 2026

News Highlights:

  1. The UAE’s E-Commerce market is expected to grow by 12.9 percent annually, reaching US$34.63 billion in 2025;
  • By the end of 2029, the ecommerce market is projected to expand from its 2024 value of US$30.67 billion to approximately US$51.14 billion;
  • By end of 2026, the number of digital commerce users in the UAE is expected to see strong growth, with projections indicating roughly 7.82 million users;
  • The UAE aims to be 75 percent cashless by 2026, boosting online payment usage;
  • More than one-third of UAE consumers shop on their smartphones at least weekly, with mobile retail sales projected to reach US$4.6 billion.

E-Commerce business jumped by 20 per cent since February this year, as most consumers maintained work from home and study from home to ensure public safety.

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Business & Investments

UAE’s Digital Payments Strengthened by Visa and Emirates NBD

• Partnership strengthens the UAE’s digital payments infrastructure with flexible AED settlement of Visa’s domestic transactions, benefiting UAE entities

Dubai, UAE, 30 April  2026:  Visa, a world leader in digital payments, has appointed Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, as its official National Net Settlement Service (NNSS) Agent in the UAE, allowing Visa’s domestic card transactions to be settled by Emirates NBD locally in UAE Dirhams (AED) in lieu of international settlement. The collaboration enhances the UAE’s domestic settlement capabilities and equips Visa clients with greater flexibility to automate and manage their local settlement obligations.

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Business & Investments

Ghitha Holding Reports 23% Revenue Growth in Q1 2026

  • Revenue increased by 23% YoY to AED 1.62 billion, driven by organic growth and sustained demand across essential food segments
  • Gross profit up 8% YoY, driven by revenue growth and continued optimisation across operations
  • Completed acquisition of “Taaza” under NRTC to advance vertical integration in fresh produce

Abu Dhabi, UAE – 30 April 2026: Ghitha Holding PJSC (“Ghitha” or the “Group”; ADX: Ghitha), a diversified conglomerate spanning agriculture, food production, and distribution, and a subsidiary of 2PointZero, has announced its consolidated financial results for the three-month period ended 31 March 2026.

Falal Ameen, CEO of Ghitha Holding,

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Business & Investments

Sukoon Insurance’s ‘A’ Rating Reaffirmed by S&P with Stable Outlook

April 28th, 2026

Dubai, United Arab Emirates (UAE)

Sukoon Insurance today announced that S&P Global Ratings has reaffirmed its ‘A’ issuer credit and insurer financial strength ratings, along with a stable outlook. The reaffirmation also extends to its subsidiary, Sukoon Takaful. This rating underscores Sukoon’s unwavering financial resilience, robust risk management, and strategic growth trajectory in a complex macroeconomic environment.

In its latest report, S&P highlighted Sukoon’s exceptional financial risk profile, noting that the insurer continues to enjoy risk-based capital adequacy with a material buffer. Despite ongoing regional geopolitical tensions, S&P anticipates these events will have a limited impact on Sukoon’s operating performance. This resilience is driven by the company’s prudent underwriting practices and highly effective reinsurance protections.

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Business & Investments

Emirates NBD Launches $750M AT1 Capital Issuance

Dubai, UAE, 29 April 2026: Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, announced the successful pricing of a USD 750 million Additional Tier 1 (AT1) capital issuance, marking the first debt capital market issuance from a GCC issuer since late February 2026. This strategic move follows the successful call of a previous USD 750 million issuance earlier this month, demonstrating the Bank’s agile capital management and the deep global trust in the UAE and the wider GCC financial ecosystem.

As the first public debt capital markets issuance in the GCC since the recent heightened uncertainty, the strong demand for this issuance underscores the depth of investor confidence in Emirates NBD’s credit fundamentals, capital position and long term strategy, as well as the resilience of the UAE and the wider GCC financial markets.

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