Browsing: business expansion

Modon Holding P.S.C has announced an agreement with IHC and TasHeel Holding to acquire Theta Bidco Limited, the sole owner of Arena Events Group Limited (“Arena”), a global leader in temporary infrastructure and event solutions.

Dubai International Chamber, one of three chambers under Dubai Chambers, continued to drive foreign direct investment (FDI) and facilitate the expansion of local businesses into international markets throughout 2024.

Paytm, through its subsidiary Paytm Cloud Tech, plans to establish operations in the UAE, Saudi Arabia, and Singapore to capitalise on its tech-enabled merchant payments and financial services in similar international markets. The company will also seek local licences and partnerships.

Aramex has announced a voluntary conditional cash offer from Q Logistics Holding, a fully owned subsidiary of Abu Dhabi’s ADQ Development Holding, to acquire up to 100% of the company’s issued share capital, as disclosed on the Dubai Financial Market (DFM).

ADNOC Logistics and Services (L&S) has completed the acquisition of an 80% stake in Navig8 TopCo Holdings Inc. (Navig8) for USD 1.04B (AED 3.8B), with a commitment to acquire the remaining 20% by mid-2027.

Abu Dhabi Global Market (ADGM), the UAE capital’s international financial centre, has sustained its remarkable growth, recording exceptional performance in the first half of 2024.

ADNOC Group’s six listed portfolio companies reported a combined revenue of $24.2B (AED 89B) for H1 2024, with net profit surpassing AED 16B and EBITDA at AED28.4B.

Mamo, a UAE-based fintech startup, has successfully raised $3.4 million in its latest funding round.…

More than 120 international companies moved their regional headquarters to Riyadh in just the first quarter of 2024, according to a recent report.

Dubai, UAE – 23 July 2024 – In a strategic move to enhance the financial…