In a bold move to stabilize its real estate market, Saudi Arabia has implemented a five-year rent freeze across Riyadh, covering both residential and commercial properties, effective September 25, 2025. Enforced via royal decree, the policy aims to improve housing affordability, protect tenants, and support sustainable urban development. The decree prohibits any rent increase for
International law firm Bird & Bird has strengthened its leadership in the Middle East with two senior appointments. Melissa Murray has been named Head of the firm’s UAE office, while Simon Shooter will take on the role of Head of the Saudi Arabia office. The announcement reflects Bird & Bird’s continued commitment to the region
Dubai has unveiled a major business-friendly reform with the launch of the One Freezone Passport, an initiative spearheaded by the Dubai Free Zones Council (DFZC). The new scheme enables companies to seamlessly operate across multiple free zones within the emirate under a single license—cutting red tape and speeding up expansion efforts. This bold step aligns
In a strategic move to enhance its suite of everyday banking services, Wio Bank has announced a new partnership with Shory, the UAE’s leading digital insurance platform. The collaboration brings fully digital car insurance directly into the Wio Personal app—offering users a faster, more flexible way to get insured. Through this integration, Wio Personal customers
Dentsu has announced the launch of Dentsu Sports Analytics (DSA) in the Middle East and North Africa, reinforcing its commitment to data-driven sports marketing in a region witnessing rapid growth in sports investment and fan engagement. The new division will be led by Samah Raydan as Vice President, operating from Saudi Arabia. DSA, formed in
Global Air Navigation Services (GANS) has announced the appointment of Mr. Eisa Al Shamsi as its new Managing Director and Deputy Chairman of the Board. He will also serve as CEO of Al Shaheen Aviation Holding, the aviation arm of Yas Holding. With close to 20 years of experience in the defence and space sectors,
Moniify, the financial media startup founded by Egyptian businessman Naguib Sawiris, has announced the appointment of Lana Sawiris as its new Chief Executive Officer, marking a significant shift in the company’s leadership and strategic direction. Established in November 2024 and headquartered in the UAE, Moniify was launched with a vision to deliver financial news and
Dubai, UAE – June 2025 — In a bold move signaling the rise of regional LegalTech innovation, Qanooni, a UAE-based artificial intelligence platform tailored for law firms and legal professionals, has raised $2 million in pre-seed funding to fuel its next phase of growth. The funding round saw backing from notable global and regional investors,
In a significant step toward strengthening UAE-China economic relations, the International Free Zone Authority (IFZA) has signed a reciprocal agreement with China’s Hainan Free Trade Port. The strategic partnership is set to streamline cross-border business collaboration and expand opportunities for entrepreneurs operating between the two dynamic markets. The UAE, particularly Dubai, continues to attract a
In a significant step toward deeper UAE-China ties, the Free Zones Authority of Ajman has signed a Memorandum of Understanding with the Sanya Central Business District Administration during a recent visit to China by H.E. Ismail Al Naqi, Director General of the Authority. The partnership aims to foster innovation, entrepreneurship, and sustainable growth, aligning Ajman’s