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Middle East Emerges as Key Player in Global Luxury Market Amidst Economic Shifts

Middle East Emerges as Key Player in Global Luxury Market Amidst Economic Shifts

Middle East Emerges as Key Player in Global Luxury Market Amidst Economic Shifts

Rostro Group Secures UAE Licence to Expand Financial Services in GCC

Rostro Group Secures UAE Licence to Expand Financial Services in GCC

Rostro Group, an international fintech and financial services provider, has obtained a Category 5 licence from the UAE Securities and Commodities Authority (SCA). This licence marks a significant step in Rostro Group's global expansion strategy, allowing it to deepen its operations in the United Arab Emirates. The approval enables the group to offer a range of new products tailored for the local market, including access to over 60 regional contract for difference (CFD) equities and proprietary indices that track the performance of the Dubai and Abu Dhabi stock markets. The licence aligns with the UAE's vision to establish a tech-first, institutionally robust financial ecosystem. Michael Ayres, CEO of Rostro Group, emphasized the strategic importance of the UAE as a forward-thinking financial center, comparable to London, Singapore, or New York.

Abu Dhabi Fund to Invest $35 Million in U.S.-Based Machina Labs for Advanced Manufacturing

Abu Dhabi Fund to Invest $35 Million in U.S.-Based Machina Labs for Advanced Manufacturing

Abu Dhabi Fund to Invest $35 Million in U.S.-Based Machina Labs for Advanced Manufacturing

Columbia Group Anticipates Growth as Shipowners Relocate to UAE

Columbia Group Anticipates Growth as Shipowners Relocate to UAE

Columbia Group is forecasting significant growth as more international shipowners choose to relocate their operations to the United Arab Emirates (UAE). This move is expected to bolster Dubai's status as a leading maritime hub. Xanthos Kyriacou, the Middle East Regional Managing Director at Columbia Group, highlighted the exceptional progress the company has made in the region over the past year. A key development was the launch of Noatum CSM, a ship management venture formed in collaboration with Abu Dhabi's AD Ports Group. This venture has already begun managing 34 vessels and is actively seeking to expand its commercial footprint by targeting third-party tonnage. Columbia Group is also leveraging digital solutions, such as the OneLink platform, to enhance fleet performance transparency. Additionally, the company is involved in a consultancy project in Qatar and is collaborating with King Abdullah University of Science and Technology in Saudi Arabia to equip a research vessel with advanced systems.

Escalation in Yemen threatens to reignite civil war and create wider tensions in Gulf region

Escalation in Yemen threatens to reignite civil war and create wider tensions in Gulf region

A separatist group has seized control of an oil-rich region in southern Yemen, threatening to reignite the country's civil war

Analysis-Asian investors flock to Gulf debt in hunt for yield and growth

Analysis-Asian investors flock to Gulf debt in hunt for yield and growth

ABU DHABI/SINGAPORE, Dec 10 - Asian investors are piling into Gulf bonds and loans this year, reflecting both deepening trade and finance ties with the fast-growing region and an uncertain outlook elsewhere, including the world's top two economies, the United States and China.

Gulf Markets Show Mixed Performance Ahead of Federal Reserve Decision

Gulf Markets Show Mixed Performance Ahead of Federal Reserve Decision

Gulf Markets Show Mixed Performance Ahead of Federal Reserve Decision

China's Tencent quits Paramount's bid for Warner Bros to avert national security questions

China's Tencent quits Paramount's bid for Warner Bros to avert national security questions

Chinese gaming and social media giant Tencent Holdings has withdrawn from Paramount Skydance Corp.'s bid to buy Warner Bros Discovery

Paramount says China's Tencent withdrew from its Warner Bros bid to avert national security issues

Paramount says China's Tencent withdrew from its Warner Bros bid to avert national security issues

Paramount Skydance says that the Chinese gaming and social media giant Tencent Holdings withdrew from its bid to buy Warner Bros Discovery to avert a national security review

Paramount's Hostile Bid for Warner Bros. Faces National Security Concerns

Paramount's Hostile Bid for Warner Bros. Faces National Security Concerns

Paramount's Hostile Bid for Warner Bros. Faces National Security Concerns

Saudi Arabia Expands Alcohol Sales to Wealthy Foreign Expats

Saudi Arabia Expands Alcohol Sales to Wealthy Foreign Expats

Saudi Arabia has quietly expanded alcohol sales to wealthy foreign expats, marking a significant shift in its long-standing prohibition policy. Initially, alcohol sales were limited to foreign diplomats, but access has now been extended to non-Muslim foreigners with 'premium residency' status. This status is typically granted to educated foreigners working for major corporations in Saudi Arabia. The move is part of Saudi Arabia's broader efforts to attract foreign investment and boost its tourism sector. The expansion of alcohol sales is seen as a step towards aligning with international expectations and enhancing the country's appeal as a leisure destination.

Southern Transitional Council's Influence in Yemen May Strengthen Israel's Regional Position

Southern Transitional Council's Influence in Yemen May Strengthen Israel's Regional Position

The Southern Transitional Council (STC) is gaining power in southern Yemen, which could potentially benefit Israel by providing a new ally in the region. The STC's control is unlikely to reduce Houthi terrorism but may lead to new regional dynamics if an independent southern Yemen joins the Abraham Accords. The STC's growing influence is seen as a transformative force in Yemen, with implications for regional politics and alliances.