Browsing: Middle East

DP World has issued a $100M blue bond, the first of its kind in the Middle East and North Africa (MENA) region, to fund initiatives supporting marine transportation, port infrastructure, reducing marine pollution, and promoting nature- and water-positive solutions. The five-year bond, priced at a 5.25% coupon rate, supports UN SDG 14 (Life Below Water) and SDG 6 (Clean Water and Sanitation), addressing the funding gap for these under-supported goals amidst growing global challenges like marine pollution and water scarcity.

Standard Chartered has announced plans to increase its frontline private banking team in the United Arab Emirates by 20%, aiming to better serve its high and ultra-high-net-worth clients as part of a broader growth strategy.

International Air Transport Association (IATA) has expanded its office in Abu Dhabi, adding a new training centre to support the Middle East’s growing aviation sector and develop future industry professionals.

Talabat, a top food delivery platform in MENA, is launching an IPO, offering investors a stake in its extensive network across nine countries, connecting 6 million users to over 65,000 partners with a 119,000-strong delivery fleet.

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), is set to acquire a majority stake of 54 per cent in MBC Group from the Ministry of Finance, represented by Istedamah Holding, for a total of $2B (SAR 7.5B).

During the recent TON Gateway event in Dubai, Tether’s Senior Strategic Partnership Manager, Alessandro Giori,…

In a significant financial move, Sotheby’s, one of the world’s leading auction houses, has secured…

Lulu Group’s USD 1.8 billion IPO represents a landmark achievement for the UAE’s retail sector, signaling unprecedented growth and attracting global investor interest in the region’s thriving market.

The Institute of Chartered Accountants of Pakistan (ICAP) and its Professional Accountants in Business (PAIB)…

Alaan, the leading corporate card and spend management platform in the Middle East, has signed…