Saudi Kingdom Holding leads $133mln funding round for delivery app Nana
Saudi billionaire Prince Alwaleed Bin Talal’s investment firm Kingdom Holdings led a $133 million funding round for grocery delivery platform…
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Bahrain's Investcorp acquires logistics facility in UK for $28mln
Investcorp, a Bahrain-based alternative investment management firm, has acquired a prime logistics facility in Scotland from a UK institution for…
Egypt unveils list of 32 state-owned companies to be floated by March 2024
Egypt has announced its plans to sell stakes in 32 state-owned companies, including three banks and two military-owned companies, by…
Flutterwave Expands into North Africa After Bagging PSP Licence in Egypt
Flutterwave eyes further success in North Africa and the Middle East after securing payment services provider (PSP) and payments facilitator…
A UAE-Hong Kong Free Trade Agreement will be a ‘logical step’, says Chief Executive John Lee
The stage is being set for a possible Free Trade Agreement between the UAE and Hong Kong, with a top…
QCB grants B2M Trading Company license for digital payment services
Qatar Central Bank granted yesterday the sixth license in the country for a company providing digital payment services. In…
Lebanon's banks close indefinitely after court ruling criticised
Lebanese banks have begun an open-ended strike, although ATMs will remain open, a development that comes after a meeting of…
Dubai Investments' 2022 profit soars to Dh1.6b helped by stake sale in Emirates District Cooling
Dubai Investments, the company behind industrial parks and upscale resort projects, has seen its 2022 net profit zoom to Dh1.6…
How the Middle East is benefiting from big data analytics, powered by AI
Big data analytics, powered by artificial intelligence (AI), is revolutionising the way governments, organisations and individuals make decisions. The…
Dubai’s Virtual Asset Regulatory Authority issues regulations for 2023
Dubai’s Virtual Asset Regulatory Authority (VARA) has issued its latest Virtual Assets and Related Activities Regulations. The regulations showcase…
Sheikh Mohammed announces cabinet reshuffle
The Dubai ruler announced a series of new appointments on Twitter. Sheikh Mohammed said the appointments had been done…
$1.65bln in transfers done through the company during 2022: Egypt's IBAG
International Business Associates Group for Money Transfer Services, S.A.E. (IBAG) recorded a total of $1.65bn worth of transfers in 2022…