Category Archives: Business & Investments

Business & Investments

Visa Unveils Annual Index Results, Highlighting Advances in Digitalization Among Women Entrepreneurs

Visa Unveils Annual Index Results, Highlighting Advances in Digitalization Among Women Entrepreneurs

·       Visa and Meta partner for Marketplace for Good initiative to also mark International Women’s Day on Tuesday 11th of March 11:00AM – 4:00PM at Visa’s office in Dubai;

·       According to Visa’s Women SMB Digitalization Index, more than half of the survey respondents in the UAE claim to be savvier at accepting digital payments in-store and online (55%) than last year;

·       Over 7 in 10 women (71%) understand the impact of AI in business and use it in HR, while 68% apply it in sales and marketing, and 67% in data analysis and decision making;

·       Women-owned businesses in the UAE actively use business social media accounts (67%) or their business website (43%) to sell products and services online;

·       Women entrepreneurs in the UAE prioritize employee awareness and training (59%) and advanced security (51%) in securing their digital transactions.

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Business & Investments

ALEC Achieves 29% YoY Growth Driven by Ongoing Saudi Expansion and Subsidiaries’ Strong Performance

Construction firm’s growth in Saudi signals impressive early success of ongoing expansion in the Kingdom

Dubai, United Arab Emirates – 11 March 2025 – With a healthy pipeline of projects in progress, ALEC Engineering and Contracting LLC (ALEC) has continued its strong business momentum. During 2024, the company — one of the largest construction firms in the region — recorded an impressive 29% revenue growth, scaled its workforce by 46%, reaching nearly 40,000 workers, and established new facilities in Ras Al Khaimah.

These investments bolster ALEC’s continued sectoral diversification, and expansion in Saudi Arabia — two pillars of its strategy over the last five years. “Over the years, our construction-adjacent lines of business — spanning fit-out, modular construction, and even data centres — have become market leaders in their own right and now contribute significantly to our overall business,” said Barry Lewis, CEO at ALEC. Notably, AJI Rentals, the company’s heavy equipment rental arm, established its presence in Saudi Arabia in 2024, while simultaneously expanding its UAE footprint with the opening of a new facility in Dubai.

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Business & Investments

Alpha Dhabi and Mubadala’s Credit Joint Venture Reaches US$1 Billion Portfolio Milestone

  • Established in 2023, the Mubadala and Alpha Dhabi joint venture leverages Mubadala’s partnership with asset management firm Apollo to deploy up to US$2.5 billion in global credit opportunities by 2028

Abu Dhabi, UAE, 10 March 2025: Mubadala Investment Company (“Mubadala”) and Alpha Dhabi Holding PJSC (“Alpha Dhabi”) today announced that their joint venture, which was launched in 2023, has reached a significant milestone, building an approximate US$1 billion portfolio in global credit opportunities. This achievement marks a key step toward the partnership’s goal of deploying up to US$2.5 billion by 2028, underscoring its strong momentum and progress.

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Business & Investments, Ramadan Kareem

ADIB Provides One-Month Instalment Postponement on Financing During Ramadan

Abu Dhabi Islamic Bank (ADIB), a leading financial institution, announced today that it would be postponing a monthly instalment for its Personal Finance customers during the month of Ramadan. The initiative is part of ADIB’s ongoing commitment to provide flexible financial solutions that support customers’ financial well-being and help them manage their finances during the Holy Month of Ramadan.

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Business & Investments

Metal Park launches AED 110m Storage Hub in KEZAD

The world’s first pay-as-you-go Storage Hub for the metal industry is set to be completed in three phases

Abu Dhabi, United Arab Emirates – 10 March 2025: Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones and its strategic client Metal Park announced the launch of the first phase of Metal Park’s state-of-the-art Storage Hub in KEZAD. The Storage Hub will offer world-class storage solutions and support services for businesses in the region.

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