Dubai-based classified ad portals Dubizzle and Property Finder are reportedly exploring the possibility of offering shares to the public in Initial Public Offerings (IPOs). According to Bloomberg, which cited sources familiar with the matter, both companies are taking steps to attract potential investors. Dubizzle is preparing to engage with investors and aims to raise at...
Ayu Life Sciences, a company specializing in medical devices and cell therapy, has announced plans to invest AED 33 million in a new medical manufacturing facility located at the Jebel Ali Free Zone Authority (JAFZA). This investment marks a significant step in enhancing the company’s production capabilities and expanding its footprint in the healthcare sector....
Databricks, a data analytics firm based in San Francisco, has announced plans to significantly expand its operations in India. The company will invest over $250 million and increase its workforce by more than 50%, aiming to have over 750 employees in the country by the end of the fiscal year. This substantial investment will enhance...
Dragon Oil has entered into a strategic partnership with the Egyptian Petroleum Authority to enhance production levels through the application of the latest technologies and best sustainable practices. This agreement was signed during the “GOTEC 2025” conference, with the presence of His Excellency Saeed Mohammed Al Tayer, Chairman of Dragon Oil, and His Excellency Karim...
Amwaj International, a billion-dollar multinational conglomerate, has acquired an 18% stake in the Dubai-based development firm Cledor. This investment, which values Cledor at $100 million post-money, marks Amwaj’s entry into the thriving real estate market in the UAE. Cledor was founded by industry veteran Omar Gull and has achieved significant milestones within a year, including...
Oman has made a significant advancement in sustainable energy with the ACME Group announcing it has secured $140 million as the first installment of funding for its green hydrogen and green ammonia project. This project, which is part of a total investment of approximately $750 million, is being developed in the Special Economic Zone at...
India’s IDFC FIRST Bank has announced plans to raise up to 75 billion rupees, equivalent to $877 million, through investments from affiliate firms of Warburg Pincus and the Abu Dhabi Investment Authority (ADIA). The bank will issue convertible shares to these investors, which, upon full conversion, will provide them with a combined 15% stake in...
Brikyland Technologies, a prominent platform for blockchain-based real estate tokenization, has partnered with Inovartic Investments, an innovation-driven investment firm based in Abu Dhabi, to establish a strategic joint venture. This partnership aims to explore, develop, and implement tokenized real estate and green asset-backed investment technologies within the UAE. The joint venture is expected to utilize...
EFG Hermes, a leading investment bank in the Middle East and North Africa (MENA), has officially launched its 19th Annual One-on-One Investor Conference, which is recognized as the largest and most influential investment forum in the region. The conference is being held at the JW Marriott Hotel Marina in Dubai from April 7th to 10th,...
The Arab Energy Organization (AEO) announced that nine Arab states have developed ambitious plans to produce low-carbon hydrogen, targeting an output of eight million tons per year by 2030. Jamal Al-Loughani, the Secretary General of the AEO, stated that this production goal is expected to increase significantly to 27.5 million tons annually by 2040, contingent...