Business & Money | Wednesday 16 July, 2025 10:54 am

IHC completes acquisition of eFunder, rebrands platform as Zelo to strengthen SME capital access in UAE

IHC, a global investment company focused on building dynamic value networks, today announced that it has completed the acquisition of eFunder, the UAE’s pioneering private financing platform for small and medium-sized enterprises (SMEs). The platform has now been rebranded as Zelo, marking a new...

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Business & Money | Wednesday 16 July, 2025 10:51 am

flydubai receives Executive Leadership for Middle East & Africa accolade at 2025 Airline Strategy Awards

Ghaith Al Ghaith, Chief Executive Officer at flydubai, has been awarded the Executive Leadership for the Middle East & Africa accolade at the 2025 Airline Strategy Awards in London last night. The Airline Strategy Awards, now in their 21st edition, are globally recognised for celebrating...

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Business & Money | Wednesday 16 July, 2025 10:47 am

Emirates NBD concludes AED 3.9 bn Syndicated Bonding Facilities for Dubai Metro ‘Blue Line’ Project

Emirates NBD has concluded AED 3.9 billion Syndicated Bonding Facilities to a consortium created by MAPA, LIMAK and CRRC that will deliver the new Dubai Metro ‘Blue Line’ Project. Dubai Road and Transport Authority (RTA) awarded a consortium of MAPA, LIMAK, and CRRC – the design and...

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Business & Money | Wednesday 16 July, 2025 10:45 am

Abu Dhabi Chamber launches initiative to empower entrepreneurs, small-enterprises in Al Ain

As part of the Abu Dhabi Chamber of Commerce and Industry's efforts to deepen engagement with entrepreneurs’ small enterprises, identify their needs, and shape more responsive trade policies that support their growth, the Chamber's Al Ain branch launched an initiative targeting enterprises in the ...

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Business & Money | Wednesday 16 July, 2025 10:43 am

ADNOC announces transfer of 24.9% OMV shareholding to XRG

Abu Dhabi National Oil Company PJSC (ADNOC) announced today its intention to transfer its 24.9 percent shareholding in OMV AG (OMV) to XRG PJSC (XRG), its wholly-owned international investment company. This transfer, which is subject to regulatory approvals, is aligned with ADNOC’s strategy...

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Business & Money | Wednesday 16 July, 2025 10:40 am

Tadweer acquires 'Waste-to-Energy' stake from Masdar

Abu Dhabi Future Energy Company PJSC – Masdar, one of the world’s leading renewable energy companies, today announced the divestment of its stake, subject to customary closing conditions, in the Sharjah Waste-to-Energy plant to Tadweer Group, a leader in unlocking the value of waste. The...

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Business & Money | Tuesday 15 July, 2025 11:33 am

Lucidya Raises USD30 Million in Largest AI Funding Round in MENA

Lucidya, MENA’s leading AI-Powered customer experience management (CXM) platform, has announced the close of its USD30 million Series B round—the largest AI investment ever raised in the region. The round was led by Impact46, the Saudi VC behind IPOs Jahez and Rasan. New participants...

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Business & Money | Tuesday 15 July, 2025 11:30 am

SACO signs SAR 140.4M agreement to sell Riyadh warehouse

Saudi Company for Hardware (SACO) signed today, July 15, a sales agreement for its warehouse located in the Al-Mashael district in Riyadh, with a total value of nearly SAR 140.43 million, excluding real estate transaction tax and brokerage commission. According to a statement to Tadawul, the...

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Business & Money | Tuesday 15 July, 2025 11:22 am

Abu Dhabi Investment Office, Emirates Family Office Association sign agreement

The Abu Dhabi Investment Office (ADIO) and the Emirates Family Office Association (EFOA) have signed a strategic agreement to position Abu Dhabi as the preferred destination for global family offices and ultra-high net worth individuals (UHNWIs). The agreement formalises a long-term...

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Business & Money | Tuesday 15 July, 2025 11:18 am

National Bonds adds RAKBANK onto Al Manassah Sukuk Trading Platform

In a strategic move to broaden the reach of Al Manassah Sukuk Trading Platform in the UAE, National Bonds has onboarded the National Bank of Ras Al Khaimah (RAKBANK) onto Al Manassah Sukuk Trading Platform. Al Manassah is among the region’s first Sharia-compliant electronic platforms for...

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