Sumwon Studios, the on-demand fashion group founded by Nitin Passi, has closed 2025 with strong performance, marking a major milestone in just its second year of operations. In 2025, Sumwon Studios generated approximately $300 million in net revenue, serving customers across 200+ countries worldwide. This performance underscores the group’s ability to scale rapidly while maintaining
Klaim Holdings Limited today announced the signing of a private credit facility of up to USD 25 million with Amwal Capital Partners (ACP), an independent asset management firm regulated by the DFSA and CMA. The facility includes a USD 15 million committed tranche and an additional USD 10 million uncommitted tranche. The agreement was signed
As part of its continued efforts to enhance international tax transparency, the Ministry of Finance (MoF) announced the issuance of Cabinet Decision No. 209 of 2025 on Exchange of Information upon Request for Tax Purposes. The decision reinforces the UAE’s established framework for international tax cooperation and its long-standing adherence to internationally agreed standards, including
Bern — One year after its public disclosure, the artifact identified by researchers as Zulfiqar, widely known in Islamic tradition as The Sword of Islam No.1, continues to attract attention from scholars, religious figures, and media outlets across several regions. The sword entered the public spotlight in 2024 following scientific examinations of an object held by
The UAE’s industrial exports reached a record value of AED262 billion in 2025 for the first time, recording 25% growth compared to 2024 and more than doubling since the establishment of the Ministry of Industry and Advanced Technology in 2020. This achievement reflects the effectiveness of the industrial policies adopted by the Ministry to enhance
Aldar and Dubai Holding have expanded their landmark joint venture, adding two strategic land plots in Dubai that will deliver almost 14,000 new homes with a combined gross development value (GDV) exceeding AED38 billion. The expanded partnership, which was inaugurated in 2023, marks a significant milestone in Aldar’s continued growth in Dubai, following the successful
Attracting over 3,500 attendees nationwide, The Beginning, the UAE National Orchestra’s inaugural concert series, concluded in Sharjah following an overwhelmingly positive audience response. The series marked a highly memorable introduction of the Orchestra to audiences across the Emirates. Following its debut concert in Abu Dhabi, The Beginning brought the sound of the UAE National Orchestra
