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Nexus Underwriting Enters into Agreement to Acquire Arma Underwriting, a Dubai-based Specialty Reinsurance MGA  -thumnail

Nexus Underwriting Enters into Agreement to Acquire Arma Underwriting, a Dubai-based Specialty Reinsurance MGA  

Nexus Underwriting (“Nexus”), a Brown & Brown group business, has announced its agreement to acquire Arma Fusion Limited, the parent company of Arma Underwriting Limited (“Arma”).   Arma, a specialty reinsurance

News

Dec 23, 2024

Emirati District: Empowering Young Entrepreneurs at DXB-thumnail

Emirati District: Empowering Young Entrepreneurs at DXB

A New Hub to Boost the Global Presence of Emirati Youths. The UAE has unveiled a dedicated hub for young Emirati entrepreneurs at Dubai International Airport (DXB), marking a significant

Business

Dec 23, 2024

Curefoods Reports ₹635 Crore Income in FY24, Halves Losses-thumnail

Curefoods Reports ₹635 Crore Income in FY24, Halves Losses

Curefoods, a leading player in the Indian cloud kitchen sector, has announced impressive financial results for the fiscal year 2024 (FY24). The Bengaluru-based company reported a substantial income of ₹635

Business

Dec 23, 2024

AED 1 Bln Dubai Development Targets Global Elite with Scandinavian Villas-thumnail

AED 1 Bln Dubai Development Targets Global Elite with Scandinavian Villas

A collection of Nordic-style ultra-luxury villas and mansions, valued at AED 1 billion, is to enter the Dubai real estate market as ready homes in 2025. Developed by Nordic by

News

Dec 23, 2024

Zomato Becomes the First Indian Startup to be Inducted into Sensex 30-thumnail

Zomato Becomes the First Indian Startup to be Inducted into Sensex 30

This is a landmark achievement for the Indian startup ecosystem, with Zomato becoming the first Indian startup to be inducted into the Bombay Stock Exchange (BSE) Sensex 30. It is

Business

Dec 23, 2024

Mintifi Reports Impressive Financial Growth in FY24-thumnail

Mintifi Reports Impressive Financial Growth in FY24

PC: The Kredible The prominent supply-chain financing startup, Mintifi, recently disclosed notable fiscal year 2024 profits, with the firm generating profit after tax of ₹92.5 crore on revenue of ₹384

News

Dec 23, 2024

UAE Leads Growth in Sukuk and Sustainable Financing-thumnail

UAE Leads Growth in Sukuk and Sustainable Financing

Written by- Anusrita Ghosh  Since 2019, the main growth driver has been the problem of Green Sukuk. The UAE is arguably a regional leader in this regard. As Green Sukuk means

Business

Dec 21, 2024

Adapting to Hybrid Work: Transformations in the UAE’s Commercial Property Market-thumnail

Adapting to Hybrid Work: Transformations in the UAE’s Commercial Property Market

The commercial real estate sector in the UAE is experiencing a massive revolution as international business interests into the country increase. In the first half of 2024, Dubai registered 34,075

Business

Dec 21, 2024

Indian Startups Funding Weekly Report: (16-21) December -thumnail

Indian Startups Funding Weekly Report: (16-21) December 

Between December 16 and 21, 2024, Indian startups collectively secured $171.2 million across 20 funding deals. Compared to the previous week, which had raised $635.8 million in 25 deals, this

News

Dec 21, 2024

Dubai Funding Weekly Roundup: Key Developments in Investment and Innovation (16th December to 21st December, 2024)-thumnail

Dubai Funding Weekly Roundup: Key Developments in Investment and Innovation (16th December to 21st December, 2024)

Dubai’s dynamic financial and entrepreneurial ecosystem remains an attractive platform for global investors to promote innovation in a myriad of sectors. This week was marked by several announcements on funding

Business

Dec 21, 2024

Dubai Islamic Bank Relaunches DIB XTRA Salary Transfer Campaign with Exclusive Benefits -thumnail

Dubai Islamic Bank Relaunches DIB XTRA Salary Transfer Campaign with Exclusive Benefits 

Dubai Islamic Bank (DIB) has relaunched its highly popular DIB XTRA Salary Transfer Campaign, providing an enhanced suite of benefits that are tailored to meet the needs of UAE citizens

News

Dec 20, 2024

Ampere’s Revenue Falls by 46% in FY24 as Losses Rise 11-Fold-thumnail

Ampere’s Revenue Falls by 46% in FY24 as Losses Rise 11-Fold

Ampere, a subsidiary of Greaves Electric Mobility, an electric vehicle manufacturing company, has seen the most drastic decline in its financial performance for the fiscal year 2024, or FY24. In

News

Dec 20, 2024


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