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ReshaMandi Hit with Severe Setbacks: Complete Layoffs, Website Shutdown, and Auditor Concerns-thumnail

ReshaMandi Hit with Severe Setbacks: Complete Layoffs, Website Shutdown, and Auditor Concerns

PC: The Economic Times  ReshaMandi, once touted as a nimble player in the textile supply chain space, is now beset with profound operational hiccups. The company reportedly laid off its

News

Aug 20, 2024

Sustainable Mobility Start-up, E Daddy Secures $15mln Funding-thumnail

Sustainable Mobility Start-up, E Daddy Secures $15mln Funding

PC: ZAWYA Based in Dubai, E-Daddy is poised to bring significant changes to the United Arab Emirates’ EV sector, with new benchmarks in urban mobility. As the first firm to

Investment & Funding

Aug 20, 2024

Yotuh Energy Secures Rs. 153 Cr Funding Round Led by Campus Angels Network-thumnail

Yotuh Energy Secures Rs. 153 Cr Funding Round Led by Campus Angels Network

PC: ANI News  In a big boost to the renewable energy sector, Yotuh Energy has successfully closed its Rs. 153 crore funding round led by Campus Angels Network. Several other

News

Aug 20, 2024

MobiKwik Achieves Profitability with Rs 875 Crore Revenue in FY24, Eyes IPO-thumnail

MobiKwik Achieves Profitability with Rs 875 Crore Revenue in FY24, Eyes IPO

PC: Medial Top fintech company MobiKwik has displayed a stunning financial turnaround in the fiscal year ending March 2024. The company’s revenue stood at Rs 875 crore, a massive 62%

Business

Aug 20, 2024

Significant Increase in Blockchain and Crypto Job Opportunities in UAE’s Fintech Industry, According to ADGM Report-thumnail

Significant Increase in Blockchain and Crypto Job Opportunities in UAE’s Fintech Industry, According to ADGM Report

PC: LinkedIn Fintech’s Transformative Impact Digital transformation is shaking the very foundations of the financial sector, with fintech—short for financial technology—at the forefront. Inventions in FinTech, such as digital wallets

Industry

Aug 20, 2024

Dubai’s Magellan Capital Holdings Ltd. to Launch $700 Million Hedge Fund-thumnail

Dubai’s Magellan Capital Holdings Ltd. to Launch $700 Million Hedge Fund

PC: Yahoo! Finance Dubai-based Magellan Capital Holdings Ltd. is priming a $700 million multi-strategy hedge fund for launch next month in one of the largest hedge fund launches in the

Investment & Funding

Aug 20, 2024

FlexiLoans Secures $9 Million Debt Funding from JM Financial-thumnail

FlexiLoans Secures $9 Million Debt Funding from JM Financial

FlexiLoans, a fintech company providing financial solutions for micro, small, and medium enterprises, secured Rs 75 crore, about $9 million, through the issuance of non-convertible debt by JM Financial. The

Business

Aug 17, 2024

Dubai: A Beacon of Prosperity Amidst Regional Turmoil-thumnail

Dubai: A Beacon of Prosperity Amidst Regional Turmoil

Economic Resilience and Growth This rise to fame of prosperity amidst the turmoil within the Middle East makes Dubai stand out as one of the secure and stable destinations. The

Business

Aug 17, 2024

Weekly Funding Roundup Report of Dubai: 12th August to 17th August, 2024-thumnail

Weekly Funding Roundup Report of Dubai: 12th August to 17th August, 2024

Welcome to this week’s funding round-up, covering recent investment trends and the latest notable deals in Dubai, United Arab Emirates. July-August 2024 dramatically brings a surge in funding, with huge

Business

Aug 17, 2024

Funding Round-Up Report Of Indian Startups: (12-17 August)-thumnail

Funding Round-Up Report Of Indian Startups: (12-17 August)

The Indian startup ecosystem has been seeing a good amount of funding activities occur over the last week of 12-17 August 2024, in which 25 startups managed to raise nearly

Business

Aug 17, 2024

ENBD REIT Divests Remraam Towers, Lowering LTV to 49.4%-thumnail

ENBD REIT Divests Remraam Towers, Lowering LTV to 49.4%

Sale of Remraam Residential Towers ENBD REIT announced the sale of its Remraam residential assets. The transaction was completed at a slight premium to the current market value on March

Business

Aug 17, 2024

The Dubai Financial Market has Signed a Memorandum of Understanding with the Shenzhen Stock Exchange-thumnail

The Dubai Financial Market has Signed a Memorandum of Understanding with the Shenzhen Stock Exchange

In a key step toward financial market integration across borders, Dubai Financial Market and Shenzhen Stock Exchange signed an MoU that aims to facilitate cross-border trading and investment between the

Business

Aug 16, 2024


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