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Category: Business
PayPal, a global digital payments and commerce platform, has a strategic partnership with TerraPay, a leading global money movement company. This collaboration aims to enable real-time fund transfers for PayPal customers across the Middle East and Africa. The initiative is designed to drive economic growth by facilitating faster, user-friendly, and more accessible cross-border transactions by...
Agility Global PLC has announced that its subsidiary, Menzies Aviation, has signed an agreement to acquire 100% of the American company Secure Staff G2 for AED 1.1 billion, which is equivalent to approximately USD 305 million. Additionally, there will be a conditional payment of AED 36.7 million, or USD 10 million, scheduled for 2026, contingent...
The International Free Zone Authority (IFZA) has strengthened its strategic partnership with the Bundesverband mittelständische Wirtschaft e.V (BVMW) to promote business and investment opportunities in the United Arab Emirates (UAE) at the Zukunftstag (Future Day) event held in Berlin. This initiative aims to enhance the commercial and economic ties between the UAE and Germany. This...
Lazard is enhancing its presence in the United Arab Emirates by opening a new office in Abu Dhabi, which will act as the investment bank’s primary financial advisory hub in the country. The announcement was made by Lazard on Tuesday, emphasizing the strategic significance of the UAE and the opportunities it presents. Peter Orszag, the...
Dubai Chambers recently welcomed a high-level delegation from the General Confederation of Moroccan Enterprises (CGEM) to discuss potential cooperation between the two entities. This meeting highlights the commitment of both organizations to strengthen business ties and enhance economic collaboration. During the discussions, key areas of focus included trade, investment opportunities, and ways to support businesses...
India’s External Affairs Minister S. Jaishankar met with Italy’s Deputy Prime Minister and Foreign Minister Antonio Tajani, as well as Minister Anna Maria Bernini, on Friday. The discussions focused on enhancing cooperation in several vital sectors, including trade, investment, maritime security, technology, education, and culture. Both parties reaffirmed their commitment to the Joint Strategic Action...
Brikyland Technologies, a prominent platform specializing in blockchain-based real estate tokenization, has joined forces with Inovartic Investments, an Abu Dhabi-based firm focused on innovation and technology-driven investments. The two companies recently announced the establishment of a strategic joint venture aimed at exploring and implementing tokenized real estate and green asset-backed investment technologies in the United...
Medena Pharm, a premium beauty brand proudly crafted in Italy, has officially launched in the UAE, marking its entry into one of the fastest-growing luxury skincare markets in the region. The brand aims to set a new standard in skincare with its unique blend of nature, science, and emotional well-being, all while emphasizing quality, authenticity,...
The troubled engineering firm John Wood Group has received a new takeover proposal from Sidara, a Dubai-based network of engineering and design companies. The offer includes a non-binding conditional bid of 35p per share, which would value Wood Group at approximately £242 million. Additionally, the proposal entails a potential cash injection of $450 million (£342...
Majid Al Futtaim has announced plans to significantly expand its luxury retail presence in the Gulf Cooperation Council (GCC) in 2025, following a record-breaking 2024 that saw a 26 percent increase in revenue. This expansion reflects the company’s commitment to enhancing its portfolio of luxury brands in the region. The new stores will feature well-known...