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  • Dubai Airport Freezone Partners With Zhuanzhuan to Launch Company’s First Middle East Hub

    Dubai Airport Freezone Partners With Zhuanzhuan to Launch Company’s First Middle East Hub

    Dubai Airport Freezone (DAFZ) has signed a partnership with China’s Zhuanzhuan Group to build a cross-border supply chain for second-hand consumer goods, positioning Dubai as a gateway to Middle Eastern and global markets.

    DAFZ-Zhuanzhuan Agreement

    The Memorandum of Understanding (MoU) was formalised between Arif Al Khoori, Senior Vice President of Customer Care at DAFZ, and Wang Su, Corporate Vice President of Zhuanzhuan, according to state news agency Emirates News Agency.

    Under this deal, Zhuanzhuan will establish its regional headquarters within DAFZ. The new operation will handle recycling, inspection, sorting, and packaging as part of its end-to-end supply chain.

    Dubai Integrated Economic Zones Authority (DIEZ) will coordinate with logistics partners, customs officials, and distribution agents to streamline operations.

    “We are confident that Dubai will serve as an ideal gateway to regional markets, thanks to its advanced infrastructure, trade facilitation services, logistical efficiency, and strategic geographic location,” said Wang Su, Corporate Vice President of Zhuanzhuan.

    DAFZ also pledged to assist Zhuanzhuan with the regulatory, technical, and administrative procedures for freezone registration, while supporting customs facilitation and connecting the firm with key Dubai-based partners.

    Zhuanzhuan confirmed its compliance with Chinese and Dubai regulatory standards and noted its interest in onboarding more global supply chain partners within the free zone.

    The agreement also includes collaborative initiatives to publish research and insights on the circular economy and second-hand industry to promote sustainable best practices.

    By the Numbers

    Zhuanzhuan is one of China’s leading resale platforms, boasting over 400 million registered users and 50 million monthly active users as of 2024. It operates more than 960 stores across 80 Chinese cities and is particularly popular with Gen Z consumers.

    UAE-China Relations

    China remains the UAE’s top trading partner, and the UAE is China’s main commercial ally in the MENA region. More than 15,500 Chinese firms have operated in the UAE, with Abu Dhabi seeing a 69.4% increase in registrations in 2024 alone.

    Chinese companies have poured over $6 billion into the UAE across retail, real estate, finance, and construction sectors.

    In February, a senior economic delegation from Abu Dhabi signed multiple strategic agreements in China, including a partnership with the Shanghai Municipal People’s Government across sectors such as finance, tourism, healthcare, ports, and tech. The group also engaged with major corporations including ByteDance, Xiaomi, BYD, and Legend Holding.

    Looking Ahead

    Trade between the UAE and China is forecast to reach $200 billion (AED 734 billion) by 2030.

  • Alpha Dhabi Posts $1.8B H1 Profit Despite Strong Revenue Growth

    Alpha Dhabi Posts $1.8B H1 Profit Despite Strong Revenue Growth

    Alpha Dhabi Holding (ADH), the Abu Dhabi-based investment powerhouse, has reported a net profit of $1.8 billion (AED 6.6 billion) for the first half of 2025—a slight 1% decline compared to the same period last year, even as revenues saw a marked increase.

    Performance Overview – H1 2025

    Profitability remained consistent with 2024, even with last year’s one-off gains of $380 million (AED 1.4 billion) factored in. The firm’s profit margin held steady at 18% during the reporting period.

    ADH’s total revenue climbed 23% year-on-year to $9.8 billion (AED 35.9 billion), reflecting sustained momentum across key verticals. Growth was particularly notable in the industrial, real estate, construction, and services sectors.

    The breakdown by business unit showed the industrial segment generating $3.7 billion (AED 13.4 billion), real estate bringing in $3.5 billion (AED 12.8 billion), and construction contributing $1.8 billion (AED 6.6 billion) in revenue.

    Adjusted EBITDA soared by 34% to $2.4 billion (AED 8.7 billion) year-on-year for the first half.

    As of June-end, Alpha Dhabi reported a cash balance of $9.2 billion (AED 33.7 billion) and net debt standing at $1.4 billion (AED 5.3 billion).

    Ranked 14th on Forbes Middle East’s Top 100 Listed Companies 2025, ADH operates a portfolio of over 250 businesses across sectors including healthcare, renewable energy, real estate, oil and gas, construction, and hospitality.

    Crucial Quote

    “We are well-positioned to keep building on this momentum, with growth remaining our top priority—in revenue, acquisitions, and profitability, as well as in capabilities, innovation, and impact—as we push the boundaries of what is possible throughout the rest of 2025 and beyond,” said CEO Eng Hamad Al Ameri.

    Big Number

    $54 billion (AED 198.4 billion) – Alpha Dhabi’s total assets at the end of June 2025, marking a 12% increase from the same period last year, fuelled by growth across its portfolio.

  • DSS Unleashes a Fresh Week of Great Dubai Summer Sale Daily Surprises Across the City

    DSS Unleashes a Fresh Week of Great Dubai Summer Sale Daily Surprises Across the City

    Dubai Summer Surprises (DSS) 2025 continues its mission to deliver the season’s biggest bargains as the Great Dubai Summer Sale (GDSS) powers into another thrilling week of GDSS Daily Surprises, running until 7 August. Shoppers can expect a brand-new, one-day-only offer to drop each day at a new location, featuring jaw-dropping discounts of up to 90 per cent off on leading fashion, beauty, electronics, jewellery, and more. Organised by Dubai Festivals and Retail Establishment (DFRE), it’s the perfect time to shop wisely and save big.

    Each surprise is revealed just 24 hours in advance on the Dubai Summer Surprises website, as well as @DubaiFestivals on Instagram and TikTok – so savvy shoppers are encouraged to stay tuned and move fast.

    FRIDAY, 1 AUGUST

    Step into style this Friday, 1 August at Chattels & More, Mall of the Emirates, where contemporary living meets unbeatable value. Enjoy up to 90 per cent off on everything from statement sofas to chic décor accents. Refresh any space with quality, design-led pieces, all unbelievable prices, for one day only.

    Dubai Summer Surprises 2025 is supported by Key Sponsor Commercial Bank of Dubai and Strategic Partners which include: Al Futtaim Malls (Dubai Festival City Mall & Festival Plaza), Al Zarooni Group (Mercato Shopping Mall), AW Rostamani Group, DHAM (Al Seef, Bluewaters, Ibn Battuta Mall, Nakheel Mall, and The Outlet Village), Emirates Airline, ENOC, e&, Majid Al Futtaim (City Centre Deira, City Centre Mirdif, Mall of the Emirates), Merex Investment (City Walk and The Beach, JBR), and talabat.

    For more information, visit the Dubai Summer Surprises website and follow @DubaiFestivals on Instagram and TikTok.

  • Hyde Dubai Announces August Highlights in Business Bay

    Hyde Dubai Announces August Highlights in Business Bay

    Nestled in the dynamic Business Bay district, Hyde Dubai offers guests a one-of-a-kind stay that artfully fuses luxury, culture, bold design, and a playful spirit. The hotel’s 277 stylish rooms and suites are thoughtfully designed with modern sophistication, providing a tranquil sanctuary for every visitor.

    Guests can unwind at the rooftop pool, where breathtaking views of Dubai’s skyline and the iconic Burj Khalifa set the perfect backdrop for relaxation. For those seeking deeper rejuvenation, the hotel’s spa features exceptional wellness facilities, ensuring a refreshing experience tailored to every preference.

    Hyde Dubai is home to creativity, sophistication, and innovation. With its prime location along the Dubai Canal, guests can easily explore the vibrant Business Bay area on foot or by bike and make the most of the lovely sunny weather.

    Hyde

    What: Suite Escape Offer

    About: Keep the good vibes rolling with an exclusive 25% discount when guests book a suite for 4 nights or more. Designed for those who like their getaways with a slice of luxe, guests can check in and enjoy a lush stay in one of Hyde Dubai’s spacious suites, perfect for unwinding and making the most of a long weekend getaway. At Hyde Dubai, guests can check-in and let the skyline views, plush comforts, and signature Hyde energy take their stay to the next level.

    When: Valid until 31st December 2025

    Offer: 25% off on bookings for four nights or longer

    *Bookings must be made at least three-days before arrival

    For bookings, visit https://hydehotels.com/offers/suite-escape/

    What: Summer Getaway

    About: Make it a summer to remember at Hyde Dubai where bold design, electric energy, and unapologetic fun come together in the heart of the City with its Summer Getaway offer. Guests can enjoy up to 30% off their stay and toast to the golden hour overlooking the Burj Khalifa with a complimentary drink by the pool. With this offer, guest can also enjoy an extra 15% on F&B when dining at Occo Restaurant and Frankie’s Café. Whether planning a spontaneous city break or a weekend of sun-soaked lounging, Hyde Dubai is serving sunshine, style and serious summer vibes.

    When: Valid until 30th September 2025

    Offer:

    • 30% off on staycation
    • One complimentary drink per night by the pool
    • 15% off at Occo Restaurant and Frankie’s Cafe

    For bookings, visit https://hydehotels.com/offers/summer-getaway/

  • Binghatti Holding’s USD 500 Million Sukuk Issuance Draws 5x Oversubscription

    Binghatti Holding’s USD 500 Million Sukuk Issuance Draws 5x Oversubscription

    • Regulation S Sukuk priced at a profit rate of 8.125%
    • USD 500 million raised under Binghatti’s USD 1.5 billion issuance programme
    • International investors drove 50% of demand after strong first-half results

    Binghatti Holding Ltd (“Binghatti Holding”), one of the UAE’s fastest expanding real estate developers, has successfully priced a USD 500 million Senior Unsecured Sukuk with a 5-year tenor, issued under its USD 1.5 billion Trust Certificate Issuance Programme. The offering was oversubscribed fivefold.

    The Regulation S Sukuk attracted robust demand from both regional and overseas investors, with total orders surpassing USD 2.5 billion. The sukuk was finalised at a profit rate of 8.125%, translating to a 418 basis point spread over the current 5-year US Treasury benchmark. Owing to high demand, pricing tightened from initial guidance in the 8.500% range. The strong investor appetite underscores broad confidence in Binghatti’s financial strength, brand equity, and forward-looking strategy. The company holds a Ba3 rating from Moody’s and a BB- from Fitch, both with stable outlooks.

    The Sukuk will be listed on both Nasdaq Dubai and London Stock Exchange.

    Muhammad BinGhatti, Chairman of Binghatti Holding, commented: “Binghatti’s landmark sukuk marks a pivotal milestone in our journey, reinforcing our position as one of the region’s most dynamic and diversified developers. The strong demand and investor trust shown in the USD 500 million issue from our sukuk programme highlights Binghatti’s unique model, a vertically integrated platform underpinned by phenomenal growth and market leading execution.”

    Ahmed Abdelaal, Mashreq Group Chief Executive Officer,  said: “We are proud to have played a pivotal role in Binghatti’s return to the sukuk market, having supported their journey since their inaugural issuance last year. The exceptional investor response—both regional and international—underscores the strong appetite for the Dubai growth story and confidence in Binghatti’s trajectory. This landmark issuance not only affirms their access to global capital markets but also establishes a new 5-year benchmark for the sector. Mashreq continues to lead in advising regional corporates on accessing international capital markets from inception. Our partnership with Binghatti reflects the trust placed in our expertise and capabilities.”

    Binghatti Holding’s H1 2025 net profit more than tripled  to AED 1.82 billion, driven by resilient demand for Dubai real estate. The Group’s total sales reached AED 8.8 billion, with revenue climbing 189% YoY to AED 6.3 billion.

    The Group launched seven new projects and delivered five developments in H1 alone, handing over 15 projects in the last 18 months. Its AED 12.5 billion revenue backlog and over AED 70 billion development portfolio positions it as one of Dubai’s leading developers. Binghatti currently has ca. 20,000 units under development across 30 projects in prime Dubai locations including Downtown, Business Bay, Jumeirah Village Circle, and Meydan as well as its flagship branded residences in collaboration with luxury partners Bugatti, Mercedes-Benz and Jacob & Co.

    The company’s development pipeline was further reinforced by the recent acquisition of ca. 9 million sq. ft. megaplot in Nad Al Sheba 1, which will host Binghatti’s first master-planned community, with a projected development value of over AED 25 billion.

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