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Category: Business
Seviora Group, a prominent Asia-based asset management firm headquartered in Singapore, has officially opened its first office in the Middle East, located in the Abu Dhabi Global Market (ADGM). The firm manages assets totaling US$54 billion and aims to expand its presence in the region alongside its existing offices in Singapore, India, China, and Indonesia....
Small and medium enterprises (SMEs) are crucial to the UAE’s economy, contributing approximately 63.5 percent of the nation’s non-oil economy. The number of SMEs is projected to exceed one million by 2030, up from 557,000 in 2022. However, access to funding has been a significant challenge for these businesses. In response to this issue, a...
The United Arab Emirates’ Abu Dhabi National Energy Company PJSC, commonly known as Taqa, has reached out to CriteriaCaixa SA, the largest shareholder of Naturgy Energy Group SA, to revive discussions regarding a potential stake in the Spanish utility valued at €24 billion (approximately $26 billion). Sources familiar with the matter revealed that Taqa’s chairman,...
Al Seer Marine and Damen International have formed a joint venture that has secured a substantial AED 1.3 billion contract with Tawazun Council. This partnership aims to enhance the UAE’s naval capabilities by manufacturing advanced Offshore Patrol Vessels (OPVs) over a four-year project period. The collaboration represents a significant step forward in bolstering the UAE’s...
Saudi Aramco, a leading integrated energy and chemicals company, has finalized the acquisition of a 50% equity interest in the Blue Hydrogen Industrial Gases Company (BHIG), based in Jubail. This partnership with Air Products Qudra (APQ) aims to enhance hydrogen production in the Jubail Industrial City, focusing on lower-carbon hydrogen solutions derived from natural gas....
Investopia has recently signed seven new memoranda of understanding with major national institutions and global companies. This initiative aims to enhance knowledge collaboration and organize new editions of the “Investopia Global Dialogues,” which will be held with the participation of high-profile officials. The agreements were established to support various sectors and promote innovation within the...
Gateway Canada has officially launched its operations in Dubai, marking a significant milestone in the company’s international expansion strategy. This new office underscores the company’s commitment to facilitating business growth, skilled workforce placement, and investment-based immigration, connecting individuals and enterprises with opportunities across North America, Europe, and the UAE. With over two decades of experience,...
Warner Bros. Discovery is making a significant move in the Middle Eastern entertainment sector by acquiring a minority stake in Dubai-based OSN Streaming Ltd. The company is investing $57 million for approximately one-third of OSN Streaming, as confirmed by Joe Kawkabani, the chief executive officer of OSN Group, in a recent interview. This transaction will...
XTB, a global fintech company, has announced the opening of its new office in One Central (Offices 5) at the Dubai World Trade Centre. This expansion is a significant move for XTB as it aims to enhance its services for investors in the Middle East. The opening coincides with recent regulatory milestones, including the new...
Adani Enterprises Limited has announced the establishment of a wholly owned subsidiary called Cococart International-FZCO in Dubai, UAE. This new entity was formed through its step-down subsidiary, Cococart Ventures Private Limited. The primary aim of this strategic move is to bolster Adani’s overseas trading capabilities, aligning with the business objectives of Cococart Ventures and potentially...