Category Archives: Business & Investments

Business & Investments

du Pay launches ‘Salary in the Digital Wallet’ feature, empowering financial inclusion for the UAE workforce

du Pay highlights commitment to improving customer experience and supporting UAE’s vision of fostering financial inclusivity and innovation.

Dubai, UAE, August 18, 2025 – du Pay, the advanced digital financial services subsidiary of du launches the ‘Salary in the Digital Wallet’ (SITW) feature, a cutting-edge service that allows UAE workforce to receive their salaries directly into their digital du Pay wallets. This feature will enhance the lives of the workforce in the UAE through access to simple, secure, and digital financial services.

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Business & Investments

Stonepeak Launches Middle East Renewables Platform WahajPeak

Platform to be led by industry veteran Mothana Qteishat

ABU DHABI & NEW YORK – August 18, 2025 – Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced the launch of WahajPeak (the “Platform”), Stonepeak’s inaugural renewable energy platform in the Middle East dedicated to securing and developing high-quality renewable energy projects in the region and beyond.

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Business & Investments

Dream Dubai Partners with Tamara to Offer Flexible Payment Options

Dubai, UAE – August 18, 2025: Dream Dubai has announced a new partnership with Tamara, the region’s leading Buy Now, Pay Later (BNPL) provider, aimed at simplifying and enhancing the customer journey by enabling users to split their payments into interest-free instalments on the Dream Dubai platform.

With Tamara’s integration, Dream Dubai users can shop from any campaign listed on the platform and benefit from greater financial flexibility by splitting payments over multiple instalments. By selecting Tamara at checkout, customers can enjoy a smoother, faster, and more accessible shopping experience, free from any fees or interest. This feature provides convenience and transparency while allowing users to dream big and win bigger with Dream Dubai.

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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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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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