分类： business

In a groundbreaking move, Al Maryah Community Bank (Mbank), the UAE’s first fully integrated digital bank, has partnered with East & West International Group (EWIG) to introduce AE Coin as a payment solution for real estate transactions. This collaboration signifies a transformative step in the practical application of blockchain technology within the real estate sector, offering buyers and tenants a secure, instant, and cost-effective payment method. AE Coin, the UAE’s first AED-backed stablecoin regulated by the Central Bank of the UAE, is now accessible through the AEC Wallet, powered by Mbank. This initiative underscores EWIG’s leadership in the UAE real estate market by pioneering blockchain-powered payments. The partnership aims to enhance transaction efficiency, transparency, and compliance within a regulated ecosystem. Dr. Hussein Abdelqader Harhara, General Manager of EWIG, emphasized the Group’s commitment to innovation and alignment with the UAE’s vision for a digital economy. Mohammed Wassim Khayata, CEO of Mbank, highlighted the collaboration as a milestone in accelerating blockchain adoption in high-value use cases. Ramez Rafeek, General Manager of AED Stablecoin, noted that this initiative marks the beginning of real-world blockchain adoption in real estate. The AEC Wallet is now available on iOS, Android, and AppGallery, enabling verified users to make instant payments for property transactions, rent, and other real estate services. This integration ensures seamless, real-time settlements within the UAE’s first regulated digital currency framework.

Holcim UAE, formerly known as Lafarge Emirates Cement, is spearheading a transformative journey in the United Arab Emirates, focusing on sustainability, innovation, and strategic expansion. The recent rebranding aligns with Holcim Group’s global NextGen Growth 2030 strategy and the UAE’s Net Zero 2050 vision. Ali Said, CEO of Holcim UAE, emphasized that the rebranding is a platform to accelerate innovation, deepen partnerships, and advance sustainability in the construction industry. The company is the only fully integrated player in the market, managing the entire value chain from its quarry in Fujairah to job sites in Dubai, enabling significant carbon footprint reduction and the development of advanced low-carbon mixes. Holcim’s flagship products, EcoPlanet and ECOPact, reduce CO₂ emissions by at least 30%, with potential reductions of up to 70% depending on project specifications. The company is also pioneering thermal insulation concrete and exploring 3D concrete printing technology. Holcim’s commitment to sustainable construction is evident in landmark UAE projects such as Al Shera’a – DEWA Headquarters, Zuhha Island, and Etihad Rail. The company plans to expand into Abu Dhabi and Dubai South while enhancing its Fujairah plant to produce near-zero building materials. Holcim UAE is tackling emissions across all scopes, using alternative fuels, waste heat recovery systems, and partnering with Etihad Rail to reduce transport emissions. One of its most ambitious projects is a carbon capture and mineralization initiative with climate-tech firm 44.01, leveraging Fujairah’s ultramafic rock formations to permanently store CO₂. The pilot is underway, with plans to scale significantly by 2030. Holcim sees robust demand for sustainable materials as awareness grows among developers and consultants. The UAE’s visionary leadership and sustainability agenda align perfectly with Holcim’s global roadmap, positioning the company to shape a smarter, more circular, and more sustainable built environment.

AFM Holding Group, a diversified conglomerate with roots in IT solutions since 2000, is steering its next growth phase with a focus on technology-driven innovation and sustainable expansion. Founder and Chairman Maqsood Mohommad emphasized that technology is the core of AFM’s operations, stating, “Innovation isn’t a department—it’s part of our DNA.” The group has evolved into sectors such as intelligent transportation systems, renewable energy, real estate, and retail, leveraging advanced technologies like AI, automation, blockchain, and clean energy solutions. Mohommad highlighted the importance of investing in people, fostering teams that think creatively and challenge norms to keep AFM agile and future-ready. The year 2025 has been pivotal for AFM, marked by the expansion of its real estate portfolio, scaling of renewable energy ventures under its Geo Power brand, and entry into the retail space with new brands Miruna and Funky Souq. These initiatives are part of the unified strategy branded as One AFM. One Vision. One Plan. The renewable energy arm is accelerating projects aligned with the UAE’s clean energy goals, reinforcing AFM’s commitment to environmental responsibility. Looking ahead, AFM aims to deepen its real estate footprint, accelerate renewable energy investments, and scale digital and retail ventures, creating a connected ecosystem powered by technology. Talent development remains a priority, with investments in leadership that embodies integrity, innovation, and long-term thinking. Mohommad advised aspiring entrepreneurs to start with passion, embrace technology early, and build strong teams, emphasizing that diversification should align with shared values and long-term goals.

The diamond industry is undergoing a seismic shift as Astrea, a pioneering lab-grown diamond brand co-led by Nathalie Morrison and Sarah Jessica Parker, prepares to launch in Dubai. The brand is set to challenge a century-old narrative that mined diamonds are inherently superior, rare, and more authentic than their lab-grown counterparts. Astrea’s claim is bold: its lab-grown diamonds, representing the top 0.01% of global quality, surpass the precision and performance of many mined stones. As Nathalie Morrison asserts, even gemologists cannot distinguish between the two with the naked eye or a loupe. This revelation is reshaping consumer perceptions, particularly among younger buyers who prioritize sustainability, transparency, and value over traditional notions of rarity. Lab-grown diamonds, which share the same chemical, optical, and structural composition as mined stones, are gaining traction globally. In the US, 60% of engagement rings now feature lab-grown diamonds, a figure that has surged from just 1% a decade ago. Economists predict this market share could reach 70–75% by 2032. Astrea, however, is not targeting the mass market. Instead, it focuses on the highest echelon of the diamond category, offering meticulously engineered and certified stones that redefine excellence. The brand’s upcoming collection, designed by Sarah Jessica Parker, showcases the creative potential of lab-grown diamonds, with modular pieces and vibrant designs that would be nearly impossible to achieve with mined stones. Beyond aesthetics, Astrea emphasizes environmental responsibility, highlighting the minimal ecological footprint of lab-grown diamonds compared to the environmental and human toll of mining. The brand’s flagship store in Dubai, located at the Mandarin Oriental, will offer an immersive experience, allowing customers to witness the diamond-making process and design bespoke pieces. This transparency marks a departure from the industry’s traditional secrecy, aligning with the values of a new generation of luxury consumers.

Two months after a high-profile immigration raid at Hyundai’s electric vehicle (EV) manufacturing site in Georgia, some of the 300 South Korean nationals detained have returned to the U.S. to resume their jobs, according to their employer. The September raid, which targeted workers with expired visas or visa waivers prohibiting employment, temporarily halted construction at a battery plant operated by HL-GA Battery Co., a joint venture between Hyundai and LG Energy Solution. The plant, part of Hyundai’s $7.6 billion investment in Georgia, is crucial for producing batteries to power Hyundai EVs. HL-GA Battery confirmed that construction has resumed with a mix of new and returning workers, thanking U.S., South Korean, and Georgia officials for their collaboration. The company remains on track to start production in the first half of next year. The raid, which saw workers shackled and detained for a week, sparked outrage in South Korea, a key U.S. ally. While some workers are hesitant to return, others have come back after confirming their B-1 business visas remain valid. South Korea has since secured U.S. commitments to improve visa processes for skilled workers.

Syria has officially transferred the operational control of Tartus Port, its second-largest port, to DP World, a leading logistics company based in the United Arab Emirates. The transition marks a significant milestone in Syria’s efforts to revitalize its logistics sector after years of conflict. The move follows a 30-year concession agreement valued at $800 million, signed between DP World and Syria’s General Authority for Land and Sea Ports earlier this year. The deal is among the largest foreign investments in Syria’s infrastructure in recent history, aiming to transform Tartus into a modern, efficient trading hub in the Eastern Mediterranean. Fahad al-Banna, the newly appointed CEO of DP World Tartus, emphasized the company’s commitment to leveraging its global expertise to modernize the port, enhance trade opportunities, and establish Tartus as a pivotal regional trade center. DP World plans to upgrade the port’s infrastructure, expand its handling and storage capacity, and invest in advanced bulk handling systems. This development comes after Syria’s government terminated a 2019 agreement with Russian company Stroytransgaz, citing contractual breaches and insufficient investment. The new administration, led by President Ahmed al-Sharaa, has been actively seeking to rebuild economic ties with Western and regional powers, including a separate 30-year deal with French shipping giant CMA CGM to operate Latakia Port. The easing of U.S., EU, and UK sanctions has further supported Syria’s economic recovery efforts. Notably, President Sharaa’s recent visit to the White House marked a historic moment in Syrian-U.S. relations, underscoring the country’s push for international reintegration.