Category Archives: Business & Investments

Business & Investments

GFH Partners Manrre REIT (CEIC) PLC and Palmon Group unveil new temperature-controlled chemical warehouse in JAFZA

The state-of-the-art facility strengthens Dubai’s position as a regional hub for regulated chemical storage and specialised logistics.

Dubai, January 12, 2026: GFH Partners Manrre REIT (CEIC) PLC (“Manrre” or “the Fund”), managed by GFH Partners Ltd. (“GFH Partners”),  together with its development manager Palmon Group FZCO (“Palmon Group”), today announced the opening of a specialised temperature-controlled chemical warehouse in Jebel Ali Free Zone (Jafza), further expanding the Fund’s Grade A logistics portfolio.

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Business & Investments

Speedex Tools Unveils Expanded Deira Flagship Store on 35th Anniversary

Strategic expansion aligns with UAE’s accelerating construction and infrastructure growth, reflects strong market momentum and rising B2B trade demand

The new-format modernized outlet supports growing wholesale volumes and regional re-export activity

Dubai, UAE –Speedex Tools, one of the UAE’s long-standing names in industrial tools and hardware solutions, has marked a significant milestone with the grand relaunch of its newly refurbished and expanded flagship store in Deira Souq, the very location where the brand began its journey 35 years ago.

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Business & Investments

Energy Leaders Abunayyan Holding and Nextpower Complete Formation of Joint Venture, Nextpower Arabia

New Saudi manufacturing facility to produce advanced solar tracking systems for the Middle East and North Africa region

Riyadh, Saudi Arabia – January 12, 2026: Nextpower (Nasdaq: NXT, formerly Nextracker) and Abunayyan Holding today announced the completion of the incorporation of the previously announced joint venture, Nextpower Arabia, headquartered in Riyadh, Kingdom of Saudi Arabia. The new joint venture will accelerate the deployment of utility-scale solar power plants across the Middle East and North Africa (MENA) region, supporting national and regional renewable energy transformation objectives and Net Zero targets.

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Business & Investments

Middle East to draw over $100bn a year in energy, renewables, healthcare and digital investment by 2026

Dubai, Jan 12 — The Middle East is on track to attracting more than $100 billion (Dh370b) annually in strategic capital expenditure by 2026, spread across oil and gas, renewable energy, healthcare, digital infrastructure and manufacturing, according to a comprehensive industry outlook by Grand View Research (GVR).

Despite the global energy transition, the region – led by the United Arab Emirates and Saudi Arabia – is expected to maintain leadership in hydrocarbon supply while rapidly scaling wind, solar, battery storage and digital transformation initiatives.

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Business & Investments

O Gold Transforms into a Lifestyle Super App Where Gold Becomes Your Daily Currency

–          With more than 800K users to date, the launch marks a significant milestone in O Gold’s evolution from a digital gold investment platform into a comprehensive gold-centric ecosystem

Dubai, United Arab Emirates, 12th January 2026: O Gold, the UAE’s trusted Shariah-compliant gold investment platform, has officially announced its strategic evolution into a comprehensive Super App and introduced a gold-backed Mastercard to mark a significant milestone in the fintech sector. This announcement marks a total transformation for the company, which now serves a rapidly growing community of 800K users by turning physical gold into a highly liquid, everyday currency. By integrating fractional gold ownership with real-time payment technology, O Gold has established a new global standard that enables wealth preservation and daily commerce to coexist within a single unified ecosystem.

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