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Bahrain’s Mumtalakat, CYVN sign deal to buy McLarenBahrain Mumtalakat Holding Company, the sovereign wealth fund of Bahrain, and CYVN Holdings, an Abu-Dhabi-based mobility operator and investment vehicle, have signed an agreement to acquire McLaren’s automotive business. Witnessed by Sheikh Khaled More… |
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Saudi non-oil growth robust, but eases to 4.3pc in Q3Saudi non-oil growth eased slightly but remained robust at 4.3% in Q3 from 4.9% Q2, led by a continued strong expansion in the wholesale, retail, restaurants and hotels (5.8%), transport and storage (4.5%) and construction (4.6%) sectors. Overall, More… |
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BHM secures largest share of new investor accounts on DFMBHM Capital, the leading financial institution in the capital markets of UAE, has secured the largest share and is ranked first in attracting and opening new investor accounts as of November end, with some 37,000 accounts. According to the data published on th More… |
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100Unicorns launches $200m fund 2; expands to Mena100Unicorns, India’s largest early-stage accelerator venture capital (VC) fund, has announced Abu Dhabi, as its first foreign market expansion with the opening of its office in ADGM, the international financial centre of Abu Dhabi. Formerly known a More… |
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Mair Group Lists on Abu Dhabi Securities ExchangeMair Group, a strategic investment group focused on food retail, commercial real estate, and supporting the UAE’s food security agenda, is now listed on the Abu Dhabi Securities Exchange (ADX). Mair Group’s shares are available to institutional and individual investors reflecting More… |
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Polen Capital to open new office in ADGMPolen Capital, a global investment management firm specialising in growth equity and credit, has announced its intention to open an office in ADGM. The firm received its In-Principle Approval (IPA) from the Financial Services Authority (FSRA) of ADGM, marking a significant step forward in its More… |
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Golub Capital strengthens commitment to Middle EastGolub Capital is opening an office in Abu Dhabi in ADGM and has appointed Naser Almutairi as Managing Director, Middle East. The firm also announced it has received In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) for a licence. More… |
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Almarai ties up with GOSI to launch ‘Health Insurance Extension’Almarai, the Middle East’s leading food and beverage manufacturer and distributor, has announced a cooperation agreement with the General Organisation for Social Insurance (GOSI) to launch the ‘Health Insurance Extension’ service. This initiative aims to enable Almarai emplo More… |
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Beltone Capital, CRIF in new rating solutions JVBeltone Holding, a leading financial services provider in the Mena region, has announced that its wholly-owned subsidiary, Beltone Capital, has signed a joint-venture agreement with CRIF, a leading company specialising in credit and business information systems, to launch a new entity offerin More… |
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Shorooq, Hanwha partner to expand alternative investmentsShorooq, a pioneering multi-dimensional investment firm in the Middle East and North Africa (Mena), has announced a landmark partnership with South Korea’s Hanwha Life. With Hanwha Life’s proven track record as a major investor in global fina More… |
