RIYADH: MAGRABi Retail Group, a prominent eyewear company, has signed a deal to acquire Kuwait’s optical chain, Kefan Optics. This strategic move aims to broaden MAGRABi’s presence in the Gulf market, particularly within Kuwait’s competitive optical retail sector. Kefan Optics is known for its professional eye care services and a loyal customer base. The acquisition...
Al Ansari Financial Services PJSC (AAFS), an integrated financial services group in the UAE and parent company of Al Ansari Exchange, has successfully finalized its acquisition of BFC Group Holdings (BFC). This deal, valued at USD 200 million, positions AAFS as the largest non-banking financial institution (NBFI) in the Gulf Cooperation Council (GCC) region, particularly...
Zapp, a British rapid-delivery startup, is preparing to launch its services in Dubai later this year, entering a highly competitive market in the Middle East. A spokesperson for Zapp stated, “We are always looking for opportunities to grow our business and are considering launching in the region as early as this year,” but the company...
RIZ & MONA Consultancy, a prominent provider of corporate services, has officially announced its acquisition of IBGME, which is recognized for its expertise in corporate structuring and UAE company formation. This strategic acquisition is set to strengthen RIZ & MONA’s position within the business setup industry, enhancing its offerings in UAE company formation, offshore incorporations,...
INDEX Conferences & Exhibitions, the organizer of AEEDC Dubai and Dubai Derma, has enhanced its presence in Central Asia by signing two important collaboration agreements. These agreements were made with the organizers of CADEX (Central Asia Dental Expo) and Cosmoderm, which is part of Beauty Expo Central Asia. The oral care market in Central Asia...