Category Archives: Business & Investments

Business & Investments

SpaceX’s IPO Could Become the Gulf’s Next Strategic Bet

Dubai, 8 June 2026- SpaceX’s anticipated public listing is shaping up to be more than another high-profile technology IPO. With a reported valuation approaching $2 trillion, the company’s expected Nasdaq debut could become a defining moment for investors seeking exposure to the infrastructure underpinning the next wave of economic transformation: artificial intelligence, satellite connectivity and advanced computing.

For investors in the Gulf, the significance extends beyond the excitement surrounding Elon Musk’s space venture. SpaceX now sits at the intersection of several strategic themes that align closely with regional ambitions, combining launch services, the Starlink satellite network, AI capabilities through xAI and large-scale computing infrastructure.

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Business & Investments, Technologies

Khadamat Transforms FM Operations with MRI Software in UAE

Khadamat selects MRI Software to support cloud-based FM operations across the UAE

Dubai – 08 June 2026 – MRI Software has been selected by Khadamat, a UAE-based integrated facilities management (FM) provider, to support the standardisation of facilities management operations across its growing portfolio in the United Arab Emirates. Established in 2007, Khadamat is a strategic joint venture between Solutions+ (a Mubadala company) and Serco.

As FM providers in the Middle East face rising service expectations and increasingly complex portfolios, many are investing in cloud-based platforms to improve visibility, operational control and scalability. 

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Business & Investments

Al Ansari Exchange Reports Major Growth in WPS Following UAE Salary Law

Al Ansari Exchange Records More Than 151% Increase in WPS Employer Volumes Following New UAE Salary Payment Requirements

Dubai, UAE 02June 2026: Al Ansari Exchange, a leading remittance and foreign exchange company in the UAE and a subsidiary of Al Ansari Financial Services, recorded more than 151 per cent increase in the number of companies processing salaries through its Wage Protection System (WPS) platform on 1 June 2026, as UAE private sector employers adjusted payroll processes to comply with new salary payment requirements that came into effect nationwide.

The surge coincided with the implementation of Ministerial Resolution No. 340 of 2026, under which all private sector establishments registered with the Ministry of Human Resources and Emiratisation (MoHRE) are required to pay employee wages through the Wage Protection System by the first day of each month.

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Business & Investments

International law firm, Mishcon de Reya, opens its doors in Dubai

  • New office launch in DWTC Free Zone marks the firm’s continued growth in the Middle East, following over 30 years of advising clients across the region
  • With a presence in ADGM and Dubai, Mishcon de Reya serves businesses, investors, and families navigating the Gulf’s cross-border legal landscape

Dubai, United Arab Emirates – 4 June 2026 – Mishcon de Reya, an international law firm with more than 650 lawyers globally, operating at the intersection of complex disputes, global capital and economic transformation, today announced the official opening of its Dubai office, further strengthening the firm’s operations in the UAE.

Abdullah Al Banna – VP Free Zone Regulatory Operations at DWTC

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Business & Investments

UBS Global Family Office Report 2026:

Family offices pivot to resilience as geopolitical risk and structural uncertainty reshape global portfolios

Majority of those surveyed plan strategic portfolio changes, increase diversification across currencies, and deepen investment in artificial intelligence amid a more complex, global investment landscape

Dubai/ United Arab Emirates, June 03, 2026 – UBS, the largest truly global wealth manager, today announced the publication of the UBS Global Family Office Report 2026, which surveyed its family office clients around the world on the unique challenges and opportunities they face. Drawing on insights from 307 family offices across more than 30 markets with an average net worth of USD 2.7 billion, the report finds that family offices are prioritizing resilience, diversification and long-term thematic opportunities, as they prepare for sustained geopolitical and economic uncertainty.

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