Author: Mahdeehassan

​​​​​​RIYADH – The Arab Energy Fund (TAEF), a leading multilateral impact financial institution serving the MENA energy sector, has successfully priced a USD 600 million, 3-year bond issuance, reflecting strong performance despite a challenging geopolitical backdrop. The transaction attracted significant investor interest, enabling the Fund to upsize the offering from its originally planned USD 500 million. This strong demand resulted in a competitive pricing outcome, which was significantly within the secondary pricing levels. “This transaction reflects both the strength of our credit profile and the growing confidence global investors place in our strategy and governance,” said Vicky Bhatia, Chief Financial Officer of…

The visit explored opportunities for du to contribute towards the UAE’s commitment to being at the forefront of urban digitization, smart mobility, and sustainable infrastructure. Dubai, UAE – du, the leading telecom and digital services provider, recently visited China Mobile International (CMI) and China Mobile Shanghai in a step to redefine urban mobility and foster digital innovation. The delegation explored advanced metro station digitization powered by 5G Advanced networks, as part of a shared vision to leverage next-generation connectivity for smarter urban transportation systems and operational transformation. The team visited Shanghai Shentong Metro Group, operator of the world’s largest metro network…

Dubai, UAE – Endava (NYSE: DAVA), a leading business transformation group whose AI-native approach combines cutting edge technology with deep industry expertise, today announces the formation of its global advisory board. Following 18 months of embedding AI across its own operations and collaborating with strategic partners and clients to drive AI-powered business outcomes, Endava has formed a prestigious group of advisors and ambassadors to help Endava in aiding the world’s leading companies harness the power of AI to achieve transformative results. Their remit includes advising Endava’s leadership on growth strategies in technology-related sectors; offering insights and perspectives on wider industry trends and market opportunities;…

Doha, Qatar: Qatar Islamic Bank (QIB), Qatar’s leading digital bank, has announced the official launch of the QIB Junior App, the country’s first digital banking and financial education platform for kids and teens aged 8 to 17 years old. As a first-to-market solution, QIB Junior is a modern Banking App designed specifically for kids and teens with tools that empower young users to manage their finances confidently, while parents guide their journey. Developed with a mobile and tablets-first mindset, QIB Junior introduces young users to smart money management in a secure and intuitive way. The solution brings together a prepaid Visa…

Dubai-headquartered international wealth managers, Hoxton Wealth has achieved regulatory approval from the Dubai Financial Services Authority (DFSA), giving it freedom to operate in the Dubai International Finance Centre (DIFC). DIFC is widely accepted as the leading financial hub in the Middle East North Africa (MENA) region, where it is home to 7,000 active companies. Of these, around 1,000 operate in the financial services ecosystem. Chris Ball, Hoxton Wealth CEO explains: “DIFC is a hugely powerful and influential financial centre that we are very proud to have joined. It operates within a rulebook that aligns with our company values and our client proposition.…

Riyadh, Saudi Arabia: In a milestone transaction poised to reshape the fintech-loyalty landscape in the Kingdom, Equivator, a premier alternative investment firm, has revealed a strategic investment of SAR 30 million in Related, a UAE-headquartered company, pioneer in loyalty and rewards solutions. The important step contributes to reinforcing Saudi Arabia as a regional and global basis for cutting-edge financial technology and customer engagement. The investment underscores Equivator’s commitment to nurturing groundbreaking ventures within high-growth sectors. It is aimed at accelerating Related’s expansion in the Kingdom, boosting innovation, and fast-tracking the launch of transformative solutions in AI, blockchain, and customer experience. It…

Cairo: EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), announced today that its investment banking team has successfully concluded advisory on the listing of Valu and its commencement of trading on the Egyptian Exchange (EGX), under the ticker valu, yesterday. Valu’s listing and trading on the EGX was executed through an innovative in-kind dividend distribution, where EFG Holding distributed 20.488% of Valu’s share capital to its shareholders, as of the record date, June 12th, 2025, enabling EFG Holding shareholders to directly participate in the growth of one of Egypt’s fastest…

Abu Dhabi, UAE: The UAE Lottery operated by The Game LLC is proud to announce its acceptance as a member of the World Lottery Association (WLA). This achievement marks a significant step forward in the organization’s international positioning and reinforces its dedication to the highest global standards of integrity, responsible gaming, and corporate responsibility. The WLA membership provides The Game LLC with access to a globally recognized framework for supporting current operations, enabling collaboration with more than 150 government-authorized lotteries and over 70 associated suppliers worldwide, and facilitating access to global best practices in responsible gaming, security, innovation, combating illegal operators,…

Dubai: A new chapter in early childhood education began in Nad Al Sheba 1, Dubai, as Nalapad Investments and MVK Holdings hosted the groundbreaking ceremony for Crayons Nursery. Crayons Nursery will be a progressive learning centre following all the best practices in early years pedagogy primarily focusing on the EYFS curriculum. This purpose-built early years centre will open its doors to young toddlers in May 2026 & the FS1 and FS2 intake from September 2026. The ceremony, held at the nursery site, was attended by government officials, education leaders, investors, media representatives, and families. Chief Guest Mr. Abdulla Mohammed Al Awar,…

Dubai – Zand, an innovative AI-powered Fintech and financial services group in the UAE, has announced that it has been assigned an investment grade credit rating of BBB+, with a stable outlook, from Fitch Ratings. Zand CEO Michael Chan stated, “We believe Zand is the world’s youngest bank to achieve an investment grade credit rating, and we are honored and humbled to receive this recognition from Fitch Ratings. As a start-up in the development phase, Zand has experienced rapid growth since becoming a fully licensed bank three years ago. We achieved breakeven in less than two years, being the key contributor…