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Dubai Residential Real Estate Sales hit $62 billion-thumnail

Dubai Residential Real Estate Sales hit $62 billion

Record-Breaking Transactions and Sales Value Dubai’s residential sector has seen stellar growth for the first half of 2024. As per Engel & Völkers Middle East, there were 77,233 transactions, indicating

Business

Aug 7, 2024

Fireside Invests In Aukera, A Lab-Grown Jewelry Brand -thumnail

Fireside Invests In Aukera, A Lab-Grown Jewelry Brand 

In the sustainable luxury universe, this comes as an exciting development: Fireside Ventures has made a substantive investment in the innovative brand of lab-grown jewelry, Aukera. This is Series A

Business

Aug 7, 2024

Amlak Finance Reports Strong Financial Performance for H1 2024 with Net Profit $8.17mln -thumnail

Amlak Finance Reports Strong Financial Performance for H1 2024 with Net Profit $8.17mln 

In a related development, a key player in the finance sector, Amlak Finance, has released its first half financial results for the period ending 24th June 2024, which shows commendable

Business

Aug 7, 2024

Visit Health Raises $30Mn in Primary and Secondary Transactions-thumnail

Visit Health Raises $30Mn in Primary and Secondary Transactions

Visit Health, a telehealth and wellness platform, raised USD 30 million in a mix of primary and secondary transactions. The promoters are supposed to have offloaded stakes in the current

Business

Aug 7, 2024

Ripple Partners with DIFC Innovation Hub to Boost Blockchain Innovation in Dubai-thumnail

Ripple Partners with DIFC Innovation Hub to Boost Blockchain Innovation in Dubai

Strategic Partnership to Accelerate Blockchain and Crypto Adoption In a pronouncement that breaks waves in blockchain and cryptocurrency solutions, Ripple has formed a landmark partnership with the DIFC Innovation Hub,

Business

Aug 7, 2024

Lucid Group Announces up to USD 1.5 Bn Commitment from Saudi Shareholder-thumnail

Lucid Group Announces up to USD 1.5 Bn Commitment from Saudi Shareholder

The major electric vehicle manufacturer Lucid Group was given a significant financial fillip as its biggest shareholder, Saudi Arabia’s Public Investment Fund, announced the potential investment of up to USD

Business

Aug 6, 2024

Fourth Partner Energy Raises $275 Mn Funding-thumnail

Fourth Partner Energy Raises $275 Mn Funding

Fourth Partner Energy has just raised a significant $275 million in funding. This is not any investment, but its heavyweight consortium with the International Finance Corporation, Asian Development Bank, and

Business

Aug 6, 2024

UAE Funds Transfer System Transactions Up 17 Percent to $2.15 Trillion in First Five Months of 2024-thumnail

UAE Funds Transfer System Transactions Up 17 Percent to $2.15 Trillion in First Five Months of 2024

The May 2024 Monthly Statistical Bulletin released by the Central Bank of the United Arab Emirates reveals that there has been significant growth in total banking transactions and cheque clearances

Business

Aug 6, 2024

Fintech Startup IppoPay Raised Funding From CaratLane Founder Mithun Sacheti And CEO of Jaipur Gems-thumnail

Fintech Startup IppoPay Raised Funding From CaratLane Founder Mithun Sacheti And CEO of Jaipur Gems

What could be a shot in the arm for the fintech sector, Chennai-based startup IppoPay on 6 August 2024 successfully closed an undisclosed amount of funding by Mithun Sacheti, founder

Business

Aug 6, 2024

BHM Capital Seeks AED 4.85 Billion Capital Increase for AlWaqan Capital Acquisition-thumnail

BHM Capital Seeks AED 4.85 Billion Capital Increase for AlWaqan Capital Acquisition

In what could be the most formidable expansion move, Dubai-based BHM Capital is eyeing the acquisition of AlWaqan Capital Investment LLC. For this takeover, it would seek an extraordinary increase

Business

Aug 6, 2024

Empower Reports 9% Fall in Earnings of Q2 2024-thumnail

Empower Reports 9% Fall in Earnings of Q2 2024

Net Profit Decline Despite Revenue Growth Dubai’s Emirates Central Cooling Systems Corporation (Empower) published its financial results for the second quarter of 2024, showing quite a mixed performance. Net profit

Business

Aug 6, 2024

Wood Group Shares Plunge After Dubai’s Sidara Ends Takeover Talks-thumnail

Wood Group Shares Plunge After Dubai’s Sidara Ends Takeover Talks

Takeover Attempt Falls Through Wood Group (WG.) shares plunged 38% to 122.3p on Monday after Sidara unexpectedly pulled out of merger talks. The Dubai-based engineering and consulting company, known formally

Business

Aug 5, 2024


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