Dubai, UAE – ASB Capital, a purpose-driven asset and wealth management firm with AUM of USD 5.2 billion, today announced the launch of the ASB MENA Equity Fund in partnership with Amwal Capital Partners Limited. The Fund is designed to deliver long-term capital growth through a high-conviction portfolio of publicly listed equities across the MENA […]
The funding round, which valued the company at $120 million, was oversubscribed, highlighting investors’ confidence in BlueFive Capital’s ambitions. 25 founding shareholders include prominent regional institutions, royal groups, and family offices Management will retain a controlling stake in the company Abu Dhabi, United Arab Emirates: BlueFive Capital, an investment platform originating from the GCC with a […]
Dubai and Madrid-based proptech company Huspy has raised $59 million in a Series B funding round led by Balderton Capital, with participation from Peak XV (formerly Sequoia Capital India and Southeast Asia), ExBorder Partners, Turmeric Capital, BY Ventures, Dara Management, and KE Partners, it announced today. The round brings Huspy’s total funding to over $100 […]
Muscat: As the Kharif season draws travelers to the lush landscapes of Dhofar, Oman Arab Bank (OAB) is pleased to announce the launch of its seasonal Kharif Dhofar Campaign, designed exclusively for OAB Visa Credit Cardholders. This special initiative is set to enhance the travel and spending experience of customers visiting the scenic Dhofar region […]
Ruya Partners, a leading private credit investment firm in the GCC, is pleased to announce the closing of a $15 million (SAR 55 million) private credit investment in TruKKer Holding Limited, the largest digital freight and logistics platform across the Middle East, North Africa, and Central Asia. The transaction marks the sixth investment from Ruya Private […]
Dubai, United Arab Emirates – RAKBANK has successfully completed its first Additional Tier 1 (AT1) security issuance, raising USD 300 million. The perpetual securities have a no-call period of six years (PerpNC6) and carry a coupon rate of 6.625%. The issuance was met with strong investor demand, allowing RAKBANK to tighten pricing by 37.5 basis points. […]
MENA venture capital firm – which is backed by EU Pharmaceutical LPs – joins list of blue-chip shareholders. New world-class talent for BioSapien also revealed: technological, operational, and medical excellence to shape future of precision medicine Abu Dhabi, U.A.E – BioSapien (the “Company”), the pioneering biotech company behind MediChip™, a revolutionary localized cancer treatment platform – […]
Four-week program begins 20 October, led by world-class experts Dubai, UAE: Dubai Future Academy, an initiative of the Dubai Future Foundation (DFF), announces the opening of applications for the second edition of ‘FEEL: A Disruptive Futures Program’, designed to train local and global talent to navigate disruption and enhance future readiness. The program equips executives, entrepreneurs, policymakers, […]
Manama, Bahrain: The Central Bank of Bahrain (CBB) has reported a significant increase in financial institution licensing, with 16 new financial firms approved and 52 additional applications underway from early 2024 through mid-2025. This surge highlights Bahrain’s growing appeal as a destination for digital-first financial services, with nearly 75% of the 68 applications coming from international […]
Under the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai, the DIFC Innovation Hub, home to the first and largest financial technology accelerator in the Middle East, Africa and South Asia (MEASA) region, […]