Browsing: Middle East

Dubai, UAE – Dubai Land Department, in its capacity as a Strategic Partner and in…

UAE’s Mashreq Bank announced on Monday that it had successfully completed the sale of a majority stake in Neopay, a digital payments provider. The minority stake has been acquired by a consortium consisting of DgPays and Arcapita Group Holdings Limited.

Dubai has been ranked eighth globally and first in the Middle East in the 2024 Global Power City Index (GPCI), marking its second consecutive year in this position.

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…