The Government of Bahrain aims to raise BD 250 million ($658 million) with its latest development bond offering, which opens for subscription today, July 2, 2025. This initiative is part of Bahrain’s ongoing efforts to attract investment and strengthen its financial position. The new bond, which is listed on the Debt Primary Market, provides investors...
Abu Dhabi’s Mubadala Investment Company has announced an agreement to acquire a 30 percent stake in Loscam International, a Hong Kong-based pallet manufacturer. Although the sovereign wealth fund did not disclose the transaction’s value, Hong Kong-listed Sinotrans has reported it to be worth $567 million. In a market filing, Sinotrans explained that the deal involves...
The Sharjah Economic Development Department (SEDD) has introduced a new service called the “Instant Licence,” aimed at accelerating the business setup process and encouraging investment in the emirate. This initiative received approval from the Sharjah Executive Council. With the Instant Licence, entrepreneurs and investors can obtain a commercial licence within just one working day. Notably,...
Aqua 1, a Web3 fund registered in the UAE, has committed $100 million to the World Liberty Fi (WLFI) token. This significant investment will allow Aqua 1 to join the governance of World Liberty Fi just before the anticipated transition to transferable WLFI tokens begins. The investment marks a substantial addition to Aqua 1’s holdings,...
Dubai, UAE; 25 June 2025: Mashreq, a leading financial institution in the MENA region, has announced the opening of its new representative office in Türkiye. This expansion emphasizes Mashreq’s commitment to supporting Turkish financial institutions and corporations, enhancing its operational presence to a total of 15 countries. As one of the largest correspondent banks in...
Presight has announced the selection of 10 startups that will participate in its AI-Startup Accelerator, which aims to accelerate the growth of AI startups in various sectors. This initiative was launched after a thorough evaluation process that received 120 applications from AI startups across 17 countries, focusing on areas like Smart Cities, Fintech, Energy, AI...
Wealthbrix Capital Partners Limited has officially entered the market as an independent wealth management firm based in the Dubai International Financial Centre (DIFC). The firm announced its launch today, backed by an eight-figure investment aimed at enhancing wealth management services in the region. The newly established firm boasts an experienced board that is committed to...
Mubadala Investment Company PJSC, a sovereign investor based in Abu Dhabi, has formed a partnership with the Abu Dhabi Projects and Infrastructure Centre (ADPIC) to explore strategic collaborations. This agreement aims to enhance the development of infrastructure projects in the region. Credit: WAM The partnership was officially signed in a ceremony attended by key officials...
His Highness Sheikh Abdullah bin Zayed Al Nahyan, the UAE Deputy Prime Minister and Minister of Foreign Affairs, held a meeting with Mélanie Joly, Canada’s Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions, during his working visit to Canada. Credit: Aletihad During their discussions, Sheikh Abdullah emphasized the strong friendship...
UAE officials met with US Vice President JD Vance at the White House on Friday to discuss key topics including artificial intelligence, recent investment initiatives, and enhanced energy cooperation. The meeting highlighted the UAE’s commitment to invest $1.4 trillion in the US across various sectors, notably artificial intelligence infrastructure, semiconductors, energy, and manufacturing. Dr. Sultan...