Author: Arabian Media staff
Antonio Roulet Magides, CEO of Solvent Global, and managing member of Solvent Capital Partners. At just 29 years old, Antonio Roulet Magides is already a disruptor in his field. As founder and CEO of Solvent Global, and managing member of Solvent Capital Partners, he represents a new generation of fintech entrepreneurs transforming compliance from a back-office necessity into a strategic advantage. Headquartered in London and New York, Solvent Global has built what Magides calls “the compliance operating system for the next generation of financial services.” Its API-first platform helps major banks, insurers and hedge funds automate KYC, sanctions screening and…
Image credit: Getty Images The UAE Ministry of Finance (MoF) has completed a set of proposed legislative amendments to embed its updated excise tax policy on sugar-sweetened beverages (SSBs) into national law. The reforms align with the Gulf Cooperation Council’s (GCC) adoption of a tiered volumetric model, aimed at creating a unified and health-focused taxation system across member states. The revised policy is scheduled to come into effect on January 1, 2026, according to a report by the Emirates News Agency (WAM). Read more-UAE’s new tax on sugary drinks: What it means for you, businesses The proposed amendments aim to…
The agreement closely ties the startup at the centre of the AI boom to AMD, one of the strongest rivals of Nvidia. (Image credit: Getty Images) AMD will supply artificial intelligence chips to OpenAI in a multi-year deal that would bring in tens of billions of dollars in annual revenue and give the ChatGPT creator the option to buy up to roughly 10 per cent of the chipmaker. Shares of the chipmaker surged more than 34 per cent on Monday, putting them on track for their biggest one-day gain in over nine years and adding roughly $80bn to the company’s market…
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai, launched Dubai Founders HQ. The flagship initiative is designed to strengthen the emirate’s startup and small and medium enterprise (SME) ecosystem. Dubai Founders HQ A joint initiative by the Department of Economy and Tourism (DET) and the Chamber of Digital Economy, Dubai Founders HQ is the first-of-its-kind “phygital” platform. It combines a physical campus with a comprehensive digital ecosystem. The platform brings together founders, investors, corporates, and enablers under one…
Image: Supplied AD Ports Group has signed a land sale agreement with Mira Developments to develop one of the largest mixed-use communities in the Al Mamoura district of Abu Dhabi. The land, part of the Group’s 16 square-kilometre Town Centre Area, is strategically situated along the Dubai–Abu Dhabi highway. Valued at Dhs2.47bn, the agreement covers a fully integrated community set to be constructed over the next decade. Construction is scheduled to begin within 12 months, with completion expected within 10 years from the agreement’s effective date of September 29, 2025. Captain Mohamed Juma Al Shamsi, MD and group CEO of…
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Image: Supplied Majid Al Futtaim Holding has partnered with Diriyah Company to launch a state-of-the-art VOX Cinemas multiplex and seven premier lifestyle retail brands at Diriyah Square, marking the company’s first lifestyle and entertainment presence in the high-profile precinct. The agreement will introduce flagship stores for lululemon, Crate & Barrel, CB2, AllSaints, Shiseido, Abercrombie & Fitch, and Hollister, collectively covering 5,534.48 square metres. VOX Cinemas will anchor the entertainment offering with 7,632.93 square metres, bringing the total gross leasable area to 13,167.41 square metres. The project includes the first standalone Shiseido store in Saudi Arabia. Diriyah Square: A key lifestyle…
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Image: Supplied The Royal Commission for Riyadh City (RCRC) has appointed global real estate advisory firm JLL as the leasing advisor for the commercial network of Riyadh Metro, in a move aimed at transforming the kingdom’s new transit hubs into major commercial destinations. Under the agreement, JLL will develop and manage the retail strategy for 733 commercial units across 85 metro stations and 2,900 bus stops. The firm will handle tenant mix planning, leasing management, rental rate analysis, and the full leasing cycle, including competitive tenders for retail outlets, ATMs, and click-and-collect kiosks. Riyadh Metro to serve 3.6 million commuters…