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Category: Business
The Al-Futtaim Family Office from Dubai has become a strategic investor in the Chinese electric vehicle maker BYD Co., which recently raised HK$43.5 billion (approximately $5.6 billion) in Hong Kong’s largest share sale in nearly four years. This significant investment comes as BYD sold 129.8 million shares, priced at HK$335.20 each, reflecting a 7.8% discount...
The Abu Dhabi National Oil Company and Austria’s OMV have announced the creation of a new joint venture called Borouge Group International, which is valued at $60 billion. This new entity will combine their shareholdings in Borouge plc and Borealis AG and will also acquire the North American producer NOVA Chemicals Corporation for AED49.2 billion....
The Investopia 2025 event recently hosted the China-Arab Entrepreneurs Summit, themed “Seizing New Opportunities.” The event brought together over 400 leaders, decision-makers, and entrepreneurs from the Arab world and China, along with 18 speakers. In his opening remarks, Abdullah bin Touq Al Marri emphasized that the summit marks a significant development in economic relations between...
Dubai International Chamber has successfully facilitated the expansion of TouchForce IT Solutions, a Dubai-based provider of consulting, integration solutions, and IT outsourcing services, into the Nigerian market. This move marks a significant step for TouchForce as it aims to tap into new business opportunities in Africa. The chamber’s representative office in Lagos played a crucial...
Dubai International Financial Centre (DIFC) has partnered with Verition Fund Management LLC, a prominent global multi-strategy hedge fund, to launch an inaugural internship program aimed at university students. This initiative is designed to provide students, including UAE Nationals, with practical experience in the global finance sector The program was announced following the release of DIFC’s...
SC Ventures, the innovation and fintech investment arm of Standard Chartered, has announced a partnership with Visa to enhance support for small and medium-sized enterprises (SMEs) across the Middle East and North Africa (MENA) region. The agreement, formalized through a Memorandum of Understanding (MoU) at the Visa Innovation Center in Dubai, aims to develop solutions...
Humberts UAE has announced a strategic partnership with SmartProperty, an innovative financial and asset platform based in the USA. This collaboration marks Humberts as the first international provider of the Living Reserve Study, a significant development aimed at addressing critical service delivery gaps in the UAE’s Jointly Owned Property (JOP) sector. To further enhance its...
The Saudi Real Estate Refinance Company (SRC) has entered into a mortgage portfolio acquisition agreement worth SAR 3.4 billion with the Saudi National Bank (SNB). This agreement, one of the largest mortgage refinancing transactions in Saudi Arabia, aims to enhance market liquidity and support the development of the country’s secondary mortgage market. The contract was...
Daikin, a global leader in advanced air conditioning and refrigeration solutions, has officially inaugurated its new headquarters in New Cairo, Egypt. This upgraded facility is designed to enhance customer convenience and value, positioning Daikin to take advantage of growing business opportunities in the region. According to Zawya, the new office is located in the Marakez...
The Abu Dhabi Investment Office (ADIO) has entered into a significant strategic partnership with the Italian development bank Cassa Depositi e Prestiti (CDP). This collaboration is designed to assist Italian companies seeking to invest or expand in Abu Dhabi and to support UAE-based businesses looking for opportunities in Italy. This partnership was officially announced during...