分类： business

Dubai-based real estate developer Binghatti Holding Ltd has firmly refuted claims made in a Debtwire report regarding an Initial Public Offering (IPO). The report, published on October 16, alleged that the company had released an IPO prospectus and price range. In a statement, Binghatti clarified that no such prospectus or price range has been issued, labeling the report as based on illegitimate sources. The company emphasized that any significant developments or announcements would be communicated exclusively through official channels. This denial comes amidst ongoing discussions with banks, including Citigroup Inc., Morgan Stanley, Emirates NBD, and EFG Hermes, to arrange a potential IPO, as reported by Bloomberg earlier this month. Binghatti Holding, a major player in the UAE real estate market, boasts a portfolio of over 80 projects valued at more than Dh80 billion. The company’s H1 2025 financial performance showcased remarkable growth, with net profit tripling to Dh1.82 billion and total sales reaching Dh8.8 billion, driven by robust demand for Dubai’s real estate. Revenue also surged by 189% year-on-year to Dh6.3 billion, underscoring the company’s strong market position.

Unibank, a leading retail bank in Armenia, is leveraging cutting-edge technology to redefine the banking experience and foster financial inclusion. With a network of 52 branches across the country, the bank serves one in three working Armenians and boasts over 300,000 unique loan customers. Its mission is not to be the largest or most powerful bank but to remain customer-centric, offering simple and accessible financial products that empower individuals and small businesses.

At the forefront of innovation, Unibank has integrated artificial intelligence (AI) into its credit scoring and lending processes. This AI-driven system, built on 25 years of statistical data, enables credit decisions in under a minute, significantly enhancing efficiency. The bank’s UBPay platform, which accounts for 24% of Armenia’s money transfer market, is another milestone. With plans to capture 55% of the market by 2027, UBPay’s intuitive API facilitates seamless integration for banks and remittance firms.

Unibank’s digital transformation extends to its call centers, where AI-powered speech-to-text applications streamline post-call checks. The bank also utilizes Telegram channels to foster customer interaction, allowing users to share experiences and advice. These advancements underscore Unibank’s commitment to delivering faster, more efficient, and trustworthy services.

For investors, Unibank offers a secure and profitable avenue through its private banking branch, Unibank Privé. Armenia’s stable and regulated banking sector further enhances its appeal. The bank also emphasizes regional and international partnerships, particularly with Gulf financial institutions, positioning Armenia as a bridge for investment and trade.

By embracing AI and digitalization, Unibank is not only shaping the future of banking in Armenia but also setting a benchmark for inclusivity and innovation in the global financial landscape.

Across the Gulf Cooperation Council (GCC), a growing demand for privacy, safety, and community is transforming women-only spaces into a thriving economic sector. From exclusive beaches in Abu Dhabi to women-first wellness clubs in Saudi Arabia, these ventures are reshaping the region’s economy, with projections suggesting a $500 billion opportunity.

In a significant move to bolster the private sector and mitigate the challenges posed by ongoing infrastructure developments, Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, has announced a two-year exemption from commercial licence fees for businesses in the Al Riffa and Al Jazeera Al Hamra areas. This initiative underscores the government’s commitment to fostering a resilient and competitive economic environment while ensuring the continuity of local enterprises. The Ras Al Khaimah Department of Economic Development emphasized that this decision aligns with the leadership’s vision to empower businesses, enhance economic confidence, and stimulate growth across the Emirate. By alleviating financial burdens on businesses affected by construction works, the government aims to strengthen Ras Al Khaimah’s position as a regional business hub and promote sustainable development. This strategic measure reflects the UAE’s broader efforts to support the private sector and create a conducive environment for economic prosperity.

GFS Developments, a leading global real estate developer, celebrated a significant milestone with a grand groundbreaking ceremony, underscoring its commitment to innovation, sustainability, and lifestyle-driven communities. The event, held on October 17, 2025, was attended by renowned actress and GFS brand ambassador Tamannaah Bhatia, whose presence highlighted the company’s vision of luxury and cosmopolitan living. With over 25 years of industry expertise, GFS Developments has delivered more than 2 million units across 10+ countries, setting new standards in modern residential and mixed-use developments. Michael Collings, General Manager of GFS Developments, reiterated the company’s mission to create world-class communities that inspire confidence and pride. The company’s flexible payment structures and tailored financial solutions cater to both end-users and investors, ensuring convenience and long-term value. Bhatia praised GFS for its future-ready approach, blending innovation and trust to redefine urban living. As GFS continues to expand globally, it remains dedicated to delivering projects that embody sustainability, modern luxury, and excellence.