Category Archives: Business & Investments

Business & Investments

AD Ports Group and Pakistan Board of Investment Sign MoU to Explore Developing an Industrial Zone near Karachi Port and Port Qasim

In the presence of Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan

AD Ports Group and Pakistan Board of Investment Sign MoU to Explore Developing an Industrial Zone near Karachi Port and Port Qasim

  • Three other agreements signed separately to reposition Pakistan and the Port of Karachi as a major global trade, transport, and logistics hub, and gateway to Central Asia
  • AD Ports Group to extend full benefits of its integrated trade, transport, economic development, and logistics ecosystem to assist trade upgrade of key UAE trade partner

Abu Dhabi, UAE/Karachi, Pakistan – 27 February 2025: In the presence of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, AD Ports Group has signed in Karachi, Pakistan, a Memorandum of Understanding with the Pakistan Board of Investment to explore developing an industrial zone near Karachi Port and Port Qasim to facilitate trade and economic activity.

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Business & Investments

UAE Commodities Outlook 2025

  • Gold and Silver Prices Expected to Maintain an Upward Trajectory
  • National Diversification Strategy to Enhance Economic Resilience Amidst Volatility of Oil Prices

Dubai, 28 February 2025- With President Trump winning the US elections and geopolitical tensions subsiding by the end of 2024, global financial and commodities markets are set for a new chapter. In the UAE, projections show an upward trajectory for gold and silver prices, while diversification efforts seem to be loosening the grip of oil revenues on the national economy. Here’s an outlook of major gold, silver and oil trends expected in the UAE’s commodities market in the following months in light of recent developments.

Gold has risen beyond 11% in 2025 so far, marking highs near $2,950/ounce, driving upside risk potential beyond the $3,000/ounce mark as Trump policies ripple global uncertainties across the commodity, currency, and equity markets.

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Business & Investments

Alat and TK Elevator announce strategic joint venture to manufacture end-to-end elevator and escalator solutions in Saudi Arabia, with Alat also becoming a significant long-term shareholder in TK Elevator

 Alat and TK Elevator are forming a €160 million joint venture to manufacture and provide elevator and escalator solutions in Saudi Arabia and the MENA region, powering future organic growth. In addition, Alat will invest to become a significant long-term shareholder in TK Elevator, capitalizing on the company’s strong growth potential.

Riyadh, February 24, 2025 – Alat, a PIF company, and TK Elevator (TKE), a global leader in vertical transportation and urban mobility with global sales exceeding €9 billion, today announced the formation of a €160 million joint venture (JV). The JV will bring mobility products, solutions and manufacturing to the Kingdom of Saudi Arabia (KSA), supported by a local product development center. Alat will also become a direct TKE shareholder and member of the current investment consortium with a 15% stake, a testament to TKE’s operational strength and its attractive value creation prospects. The transaction is expected to close by the end of the third quarter of 2025, subject to customary statutory and regulatory approvals.

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Business & Investments

Snap Inc. signs landmark MOU with Government Communications Office (GCO) at Web Summit Qatar 2025 to launch first Augmented Reality Academy in the MENA region

MOU unlocks the creative potential of the region’s impressive talent pool and fuels thriving digital ecosystem

Doha, Qatar, 25 February 2025: Snap Inc. has signed a landmark Memorandum of Understanding (MoU) with Qatar’s Government Communications Office (GCO) to launch the first Augmented Reality (AR) Academy in the MENA region. Announced at Web Summit Qatar 2025, the agreement marks a significant step in unlocking creative potential across the region and driving digital innovation.

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Business & Investments

Dubai and DIFC selected to host 2026 Global Privacy Assembly

Dubai, UAE: 24 February 2025: The Global Privacy Assembly (GPA) has announced that Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA) region, has been selected to host the GPA conference in 2026.

The Global Privacy Assembly is an international group, established in 1979 as the premier global forum for data protection and privacy authorities. The Assembly is comprised of leading global Information and Privacy Authorities and Commissioners. It is an independent body that operates primarily to uphold information rights in the public interest, promoting openness by public bodies and data privacy for individuals.

DIFC’s selection reflects the Centre’s reputation of being at the forefront of data protection and privacy regulation in the region. With its robust Data Protection Law (DIFC Law No. 5 of 2020), DIFC ensures the highest standards of privacy and data security, fostering trust among global businesses and multi-jurisdictional stakeholders. As a key jurisdiction that facilitates secure, cross-border data flows, DIFC is committed to enabling innovation while ensuring that data is handled ethically and responsibly.

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