EFG Hermes, the leading investment bank franchise in Frontier Emerging Markets (FEM), announced today that its investment banking division successfully concluded advising Auf Group’s founders and Tanmiya Capital Ventures (TCV) on the entry into a strategic transaction concerning Auf Group, a leading specialized Egyptian healthy snacks and coffee manufacturer and retailer, with UAE-based Agthia, one of […]
70% of young Saudis have a ‘very’ or ‘somewhat’ favourable view of the president Saudi youth are more likely to say the US is an ally now than at any point in the last five years Riyadh, Saudi Arabia: An overwhelming majority (92%) of young Saudis, who form about two-thirds of Saudi Arabia’s population, see the […]
Total US dollar-denominated sukuk issuance from the core markets of the GCC, Malaysia, Indonesia, Turkey, and Pakistan (including multilaterals) fell by 17.2% qoq in 2Q22, whilst US dollar bond issuance fell by 63.8%, Fitch Ratings says. More than 90% of Fitch-rated sukuk that returned to the market in 2Q22 were investment-grade. “It remains unclear if […]
A detailed study on holiday homes by zoom properties insights suggests that the holiday homes in Dubai is a segment producing favorable numbers for the emirate of Dubai and Abu Dhabi. According to the report by knight frank in 2019, the holiday homes market accounted for 2 per cent of total households in the emirate. […]
In line with the phenomenal growth in the UAE’s real estate market, Metropolitan Premium Properties, part of the Metropolitan Group, announced the opening of new offices in Sharjah and Ras Al Khaimah in Q4 this year. The new office locations are in addition to the offices it opened earlier this year in Dubai located at […]
NexonStar and Snowbell Restaurant Management Co. celebrated a momentous occasion as they both signed an agreement to start using NexonStar’s new Artificial Intelligence (AI) technology program, WAVY, throughout all of Snowbell’s restaurants. Breakthrough advancements in AI technology will now be used in some of the UAE’s most prominent restaurants to enhance the level of […]
A UAE delegation, led by His Excellency Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, has concluded a two-day visit to Türkiye that took place from 13-14 July aimed at enhancing cooperation and exploring new areas for future collaboration, especially in the energy, industry and advanced technology sectors. H.E Al Jaber, […]
One of the companies’ missions is bridging the gap between blockchain technology, businesses, and artists, by developing unique strategies to establish solid presences within the NFT space – as well as community engagement. Three Thirty3 was founded by art and web3 enthusiast, Omar Sarieddine, as an art collector himself Omar saw a lack of understanding […]
Air Arabia Abu Dhabi, the capital’s first low-cost carrier, celebrated its second successful year of operations on July 14, 2022, having flown over 800,000 passengers on some 7,600 flights operating to 24 routes. The carrier’s fleet grew over the past two year from just 2 Airbus A320 aircraft at launch to 8 new aircraft as […]
The Ascott Limited (Ascott), one of the leading international lodging owner-operators, celebrates the opening of its eighth property in the Kingdom of Saudi Arabia (KSA) with the launch of Citadines Abha, in partnership with Almutlaq Real Estate Investment Co. The 140-unit apart’hotel marks the sixth regional opening for the group this year, as it forges […]
