The Dubai Land Department (DLD) has signed a memorandum of cooperation with Masdar City, granting companies operating within its free zones the right to purchase property in designated freehold areas across Dubai. This landmark agreement allows Masdar City-licensed businesses—previously limited in their ability to own property within the emirate—to now invest directly in Dubai’s real…
Dubai has officially launched the “One Freezone Passport,” a strategic initiative enabling businesses to operate across free zones in the emirate under a single license, reinforcing its global standing as a leading investment destination. The Dubai Free Zones Council (DFZC) confirmed on Tuesday that this streamlined licensing framework allows companies licensed in one free zone…
Ras Al Khaimah Economic Zone (RAKEZ) has announced a 50% discount on its Value-Added Services (VAS) bundle, slashing the price from AED 7,198 to just AED 3,599. The offer is valid until 31 July 2025 and is aimed at supporting startups, entrepreneurs, and SMEs with essential business setup services. What’s Included in the VAS Bundle?…
Ras Al Khaimah Economic Zone (RAKEZ) has officially signed a Memorandum of Understanding (MoU) with Abu Dhabi Islamic Bank (ADIB), marking a strategic step to simplify banking for investors and accelerate business growth across the UAE. The partnership enables RAKEZ clients, including startups and SMEs, to open business bank accounts seamlessly while accessing tailored Sharia-compliant…
The United Arab Emirates has announced the launch of the world’s first Machine Economy Free Zone (MEFZ), setting a new global benchmark for AI, robotics, and blockchain integration. The initiative is led by PEAQ, a blockchain platform built for the Machine Economy, in partnership with Pulsar Group, an Emirati venture builder focused on emerging technologies.…
Ras Al Khaimah Economic Zone (RAKEZ), a rapidly growing business and industrial hub in the UAE, will participate in the fifth edition of Big 5 Construct Egypt, taking place from June 17 to 19, 2025, at the Egypt International Exhibition Center (EIEC) in Cairo. The event, recognized as Egypt’s largest construction industry expo, attracts professionals…