Category Archives: Business & Investments

Business & Investments

NBQ’s net profits grew 15% to AED 581 Million in 2025

Umm Al Quwain–11 February2026:

The National Bank of Umm Al Qaiwain (NBQ) has delivered a strong financial performance in 2025, with profits after tax reaching AED 581 Mn, a 15% increase compared to 2024.

Total assets reached AED 22.9 billion as of 31st December 2025, are up 28 %compared to AED 17.9 billion by end-December 2024, with net loans and advances rising 17% to AED 9.1 billion, and customer deposits growing 38% to AED 15.7 billion over the same period. Shareholders equity grew by 9% to AED 6.6 billion. 

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Business & Investments

QuicKart Raises US$1.5 Million to Revolutionise Farm-to-Home Fresh Produce Access Across the UAE

Dubai, UAE – 11th Feb 2026– QuicKart, the UAE’s first dedicated fresh commerce platform specialising in dairy and farm produce, has secured US$1.5 million in seed funding to accelerate its farm-to-home model, strengthen operational infrastructure across Dubai, Sharjah, and Ajman, and prepare for its upcoming launch in Abu Dhabi. The capital will be deployed with precision toward supply-chain optimisation, technology enhancement, and expanding last-mile fulfilment capabilities to support scalable growth across the Emirates.

The funding round was led by Orbit Ventures, with participation from a diverse coalition of angel investors, family offices, and high-net-worth individuals who share the company’s vision of transforming everyday food consumption in the region.

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Business & Investments

Liv and Union Coop enter strategic partnership to offer more value and rewards to UAE consumers in collaboration with Mastercard

Liv Tamayaz Mastercard Platinum credit card and Liv Tamayaz Mastercard World credit card delivers unmatched everyday value under the promise of ‘Your everyday, upgraded’, offering consumers up to 10% cashback on Union Coop purchases, along with enhanced lifestyle benefits.

Dubai, UAE: Liv, the UAE’s first and largest digital bank launched by Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, has announced a strategic partnership with Union Coop, one of the largest consumer cooperatives in the UAE. In collaboration with Mastercard, the companies will launch two co-branded credit cards that aim to enhance the shopping experience and reward everyday spenders in the UAE. 

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Business & Investments

CADO Expands GCC Gifting Infrastructure with Strategic Entry into Qatar

Doha, Qatar – 10 February 2026: CADO, the UAE-founded premium gifting platform, has announced its expansion into Qatar, strengthening its position as one of the few technology-enabled gifting platforms operating across multiple GCC markets.

Leila Al Marashi, Founder and CEO of CADO

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Business & Investments

Nemetschek and Prince Sultan University Partner to Empower the Next Generation of Digital AEC Talent in Saudi Arabia

Strategic partnership aligns with the goals of Saudi Vision 2030 to advance skills development, innovation and entrepreneurship across the AEC and Media & Entertainment sectors

Riyadh, Saudi Arabia – 10 February 2026 – Nemetschek Arabia, part of the Nemetschek Group, one of the world’s leading software providers for the Architecture, Engineering, Construction and Operations (AEC/O) industry, has entered into a strategic partnership with Prince Sultan University (PSU), one of Saudi Arabia’s leading private higher education institutions, to support the development of future-ready talent and accelerate innovation across the Kingdom.

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