ADQ, recognized as the third-largest sovereign wealth fund in Abu Dhabi, has successfully secured a majority stake in Aramex, a logistics company listed in Dubai. Following a voluntary tender offer, ADQ now owns 58 percent of Aramex. This includes 23 percent held by its subsidiary, AD Ports Group, and an additional 35 percent acquired from...
Finseta plc has announced that it has obtained a Category 3D licence from the Dubai Financial Services Authority (DFSA), enabling the company to provide payment services in the United Arab Emirates (UAE). This strategic move is part of Finseta’s plan to enhance its geographical reach and regulatory capabilities, aligning with its overall business expansion strategy....
Khalifa Economic Zones Abu Dhabi (KEZAD Group) and its strategic client Metal Park have announced the launch of a new storage hub valued at AED 110 million. This development is expected to enhance logistics capabilities in the region and support the growing demand for storage solutions. The new facility will span a significant area within...
The National Bank of Fujairah has successfully finalized a financing agreement worth $100 million for the construction of a clinker production unit by Pure Cement LLC. This agreement is a single currency term loan aimed at supporting the growth of the cement production sector in the region. This significant investment highlights the bank’s commitment to...
Dubai Ports World (DP World) and the General Authority for Ports, known as Mawani, have unveiled a new advanced container terminal in Jeddah Islamic Port. This project represents a significant milestone in DP World’s expansion and development program, with an investment of 3 billion Saudi Riyals (approximately 800 million US dollars) aimed at modernizing the...
Financial markets are undergoing significant changes, with artificial intelligence (AI) increasingly influencing investment management. A notable example of this shift is the Galileo FX, an AI-driven bot that reportedly achieved a remarkable 500% return on a $3,200 investment in just one week. Additionally, the introduction of Deepseek is set to enhance processing capabilities, further advancing...
UAE-based wealth management firm Capital Haus has made a significant investment by acquiring an 11.6% stake in Equity Story, a financial media and investment advisory firm that is listed on the Australian Securities Exchange (ASX). The acquisition involves 19 230 770 shares purchased at a price of 2.6 Australian cents per share, which will be...
A new alliance formed by 41 Egyptian private companies is set to enhance exports to Arab countries, aiming to support economic growth in the region. The establishment of the Arab Alliance for Industrial Investment is anticipated to be finalized next week, according to Mohamed El-Bahi, a board member of the Federation of Egyptian Industries. This...
A significant influx of German millionaires is evaluating the prospect of relocating to the United Arab Emirates (UAE) due to increasing political tensions and economic uncertainty across Europe. This observation comes from a recent survey conducted by Arton Capital, a global investor migration consultancy. The survey targeted 1,000 German residents with a net worth of...
The United Arab Emirates (UAE) has been recognized as one of the world’s top 10 countries for next-generation opportunities, primarily due to its Golden Visa program. The UAE secured the seventh position in the Henley Opportunity Index released by Henley and Partners, achieving high scores in employment prospects, earning potential, and economic mobility. In this...