Umm Al Quwain

Finance & Capital Market

OMLA Community Bank gets in-principle approval

Thu, 14 May 2026

Mint Gateway and Alternative Venture Capital, an affiliated company of Abu Dhabi Capital Group, have received In-Principle Approval from the Central Bank of the UAE to establish OMLA Community Bank, which will be headquartered in Umm Al Quwain with planned operations across the UAE.

Construction & Real Estate

Sobha Realty launches five-tower residential cluster in Downtown UAQ

Tue, 21 Oct 2025

Sobha Realty has announced the launch of the second residential cluster within its $20 billion Downtown UAQ masterplan. The Sobha AquaCrest is a five-tower cluster featuring one- to three-bed apartments and duplexes which is set for 2029 handover.