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DIFC reports best-ever record with 32% increase in company registration in H1 

GSK Signs License Deal With Jiangsu Hengrui, a Big Milestone for the Pharmaceuticals Industry

UAE’s Largest Lender Reports 29% Rise in Q2 Annual Profit

DIFC reports best-ever record with 32% increase in company registration in H1 

The Business PinnacleJuly 29, 202503 views

The Dubai International Financial Centre (DIFC) celebrated a successful first half of the year, recording its best performance thus far, with 1,081 new company registrations between January and June, resulting…

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GSK Signs License Deal With Jiangsu Hengrui, a Big Milestone for the Pharmaceuticals Industry

The Business PinnacleJuly 28, 202507 views

The partnership between GSK and Hengrui is part of a growing trend of license deals signed between Chinese and global multinational corporations, whose inventions are helping transform global treatment pipelines.…

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UAE’s Largest Lender Reports 29% Rise in Q2 Annual Profit

The Business PinnacleJuly 25, 202507 views

UAE banks recently benefited from an increase in credit demand as regional governments make investments in infrastructure and tourism to diversify their economies away from oil. First Abu Dhabi Bank…

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Space42 Secures $695.5 Million to Build New Satellites, Strengthening UAE Space Ambitions

The Business PinnacleJuly 24, 2025012 views

Space42 and the UAE government have signed a Dhs18.7 billion deal that will guarantee the supply of satellite capacity until 2043. Space42, an Abu Dhabi-based satellite service company, can use…

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Singapore’s FX Market Hits New Record of US$1.273 Trillion, Up 12%

The Business PinnacleJuly 23, 2025014 views

Singapore’s daily foreign exchange turnover of US$1.136 trillion in October 2024 was 1.7 times that of Hong Kong, the largest gap since 2023. Singapore’s foreign exchange market grew this year,…

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AstraZeneca Commits $50 Billion Investment in US to Dodge Trump’s Tariff Threats

The Business PinnacleJuly 22, 2025017 views

AstraZeneca stated that the investment will fund a new drug manufacturing facility in Virginia and cell therapy manufacturing in Maryland, Massachusetts, California, Indiana, and Texas. AstraZeneca plans to invest $50…

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Saudi Arabia’s Reserve Assets Rise By 4.5% to $459 Billion

The Business PinnacleJuly 21, 2025022 views

The rise in reserves comes as Saudi Arabia navigates a shifting global economic landscape marked by fluctuating oil prices and increased project-driven imports. The official reserve assets of Saudi Arabia…

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UAE Announced 2027-2029 Budget Cycle, Focusing on AI and Sustainability

The Business PinnacleJuly 18, 2025022 views

UAE Government Media Office stated that the new budget cycle demonstrates how the general budget serves as an annual planning tool and a strategic tool to help federal agencies. The…

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Canada’s Couche-Tard Drops Its $47 Billion Takeover Bid for 7-Eleven Parent

The Business PinnacleJuly 17, 2025024 views

Seven & I expressed disappointment at Couche-Tard’s decision to withdraw from the deal, but also disagreed with the falsehoods mentioned in the letter from the Canadian company. Canada’s Alimentation Couche-Tard…

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Uber and China’s Baidu Partners to Launch Robotaxis in Asia, Middle East

The Business PinnacleJuly 16, 2025027 views

Uber Chief Executive Officer (CEO) Dara Khosrowshahi proudly claimed that the partnership will bring together two of the most influential tech innovators to reshape the future of transportation. Uber and…

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