DUBAI: Multiways International has announced the launch of the revolutionary Daria BOND Smartphone in the UAE market. Designed by Multi Ways International, the Daria BOND smartphone ushers in a new era of innovation, blending cutting-edge technology with a unique community-based monetization ecosystem that rewards users for their contributions. Halil Chaglar , CEO, Multi Ways International,…
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Qatar Investment Authority announces an initial $180m investment in TechMet
DOHA: Qatar Investment Authority (QIA) has announced today an initial $180m investment in TechMet, reflecting QIA’s commitment to secure the supply of responsibly sourced critical minerals. TechMet is an investment company focused on building businesses across the critical minerals value chain, from extraction and processing to refining and recycling. This investment aligns with QIA’s ambition…
ABHI & Rollee collaborate to promote financial inclusivity for gig workers
Abu Dhabi, UAE: ABHI, an embedded finance platform revolutionizing financial transactions across the MENAP region, has partnered with Rollee, a data infrastructure that provides institutions with users’ risk profiles, to introduce Earned Wage Access for gig workers in the UAE. Through this collaboration, ABHI will leverage alternative data to empower workers with easier and more…
Aramco acquires an equity interest in APQ’s Blue Hydrogen Industrial Gases Company
Aramco has signed definitive agreements to acquire an equity interest in the Jubail-based Blue Hydrogen Industrial Gases Company (BHIG), a wholly-owned subsidiary of Air Products Qudra (APQ).
Dubai Media announces partnership with NEP Group
DUBAI, UAE: Dubai Media has signed a memorandum of understanding with NEP Group, the leading media services provider supporting premier broadcasters and content creators worldwide, to enhance cooperation and exchange expertise in various media services fields. This is part of the efforts made by Dubai Media to support its logistical and technical capabilities and to…
ADNOC Drilling will see dividends grow by at least 10% per annum over next 5 years
ABU DHABI, UAE: ADNOC Drilling Company announced shareholder approval of new progressive dividend policy at its General Shareholder Meeting. The new, progressive policy will see dividends grow by at least 10% per annum on a dividend per share basis over the next five years (2024-2028). The expected cumulative minimum yield from the new policy in…
Akasa Air commences operations from Riyadh, Saudi Arabia
Akasa Air commenced operations from Riyadh, connecting it to Mumbai with daily direct flights. The inaugural flight on 15th June 2024 departed Chhatrapati Shivaji Maharaj International Airport in Mumbai
AGWA and Believer Meats collaborate to boost cultivated meat industry in Abu Dhabi
The collaboration aims to develop capabilities in cultivated meat and establish a presence in Abu Dhabi, leveraging the Emirate’s strategic location and resources for growth
Omorfia Group has acquired The Grooming Company Holding from CedarBridge Capital Partners
ABU DHABI, UAE: Omorfia Group, the beauty anchor majority owned by Multiply Group, has successfully acquired 100% ownership of The Grooming Company Holding (TGCH), a premier provider of salon and beauty services in the UAE, from CedarBridge Capital Partners, the region’s leading private equity investor in consumer and beauty sectors. This strategic move reinforces Omorfia…
ADNOC and Alpha Dhabi JV Enersol to acquire 42.206% stake in Gordon Technologies for $270 million
ABU DHABI, UAE: ADNOC Drilling Company and Alpha Dhabi Holding announced their joint venture Enersol RSC LTD has agreed to acquire an additional 42.206% equity stake in Gordon Technologies LLC (“Gordon’’) for consideration of approximately $270 million, making Enersol the majority equity holder. The consideration is based on a valuation in line with the one…
Zand Bank and MANTRA sign collaboration
DUBAI: Zand Bank PJSC, the digital bank licensed by the Central Bank of the UAE, and MANTRA, an RWA-focused Layer 1 blockchain, have signed a Memorandum of Understanding (MOU) to streamline the process of real-world asset tokenization, including the identification, listing and distribution of RWAs. The collaboration between these two entities will also focus on…
Emaar announces AED 1.5 billion expansion of Dubai Mall
DUBAI: Emaar Properties has announced a monumental expansion of Dubai Mall, which will include 240 new luxury stores and food and beverage outlets. This project represents an investment of 1.5 billion dirhams, and the contractor is already mobilising on-site. Announcing the impressive enhancement, Mohamed Alabbar stated, “The new Dubai Mall expansion is a great addition…