Monthly Archives: August 2024

Business & Investments

PwC Middle East Report Highlights Two UAE Listings in Top 5 GCC IPOs for Q2 2024

  • 13 IPOs raised a total of $2.6bn in Q2 2024 across the GCC, compared to 13 IPOs in Q2 2023 that raised $1.8bn
  • IPOs in Saudi Arabia accounted for over 61% of total GCC IPO proceeds in this quarter ($1.6bn)
  • The largest IPO of the quarter was Dr. Soliman Abdel Kader Fakeeh Hospital Company raising $763m on Tadawul Main Market

Dubai, United Arab Emirates – 14 August 2024 – PwC Middle East’s latest IPO+ Watch highlights  a total of 13 IPOs raised $2.6 bn in the region in Q2 2024, compared to the same number of IPOs in the corresponding period in 2023 that raised $1.8bn. Notable listings this quarter include Dr. Soliman Abdel Kader Fakeeh Hospital Company, which raised $763m on Tadawul, as well as Alef Education and Spinneys, two of the largest listings in the UAE.

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Technologies

Huawei Vaults into Top-3 of Global Tablet Market

Huawei’s global tablet shipments grew by 51% in Q2, latest report reveals

Dubai, UAE, August 20, 2024, On August 6th, the market analyst firm Canalys[1] released its Q2 2024 worldwide tablet shipments report. According to this report, Huawei tablets experienced year-on-year growth of up to 51% in the second quarter of 2024, with 2.5 million total shipments. This impressive performance has secured Huawei the third position among tablet brands globally. This demonstrates the company’s strength in both software and hardware capabilities, as evidenced by the recent launch of the HUAWEI MatePad 11.5″S series and the widely praised GoPaint digital painting app.

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Business & Investments

Aurem’s Unified Wealth and Benefits Platform for Workplaces, Licensed in ADGM

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Aurem is a pioneering platform delivering workplace wealth and benefits technology regionally and globally

  • Their technology will be a key component of the End of Service Benefits reforms, a $100bn opportunity
  • The ADGM license will support their continued efforts to transform workplace savings and investing in the UAE

Aurem, the UAE’s first unified workplace wealth and benefits technology platform, announces its licensing by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), marking a significant milestone in the company’s mission to connect the world for a better financial future. The company is spearheading a new emerging trend of offering long-term employee benefits and investment plans in the UAE, a $100 billion market opportunity.

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Featured

Acclaimed survivalist, UN goodwill ambassador, and philanthropic content creator to inspire IGCF 2024 audience with their journeys

Bear Grylls, Maya Ghazal, and Zachery Dereniowski to lead inspirational talks on communication and positive impact

  • IGCF 2024 will host Bear Grylls, the mountaineer and explorer who transitioned from a life of adventure to entrepreneurship and humanitarian work.
  • Maya Ghazal is the world’s first female Syrian refugee pilot, UNHCR Goodwill Ambassador, and recipient of the Princess Diana Award.
  • Zachery Dereniowski: The inspirational figure who turned social media into platforms for spreading kindness and positivity.

Sharjah, August 19, 2024

The 13th edition of the International Government Communication Forum (IGCF 2024), organised by the Sharjah Government Media Bureau (SGMB), will bring together three inspirational speakers whose transformative visions and journeys have made a global impact. Scheduled for September 4-5 at the Expo Centre Sharjah, the event will feature inspiring talks by renowned survivalist, adventurer, and explorer, Bear Grylls; the world’s first female Syrian refugee to earn a pilot’s licence and UNHCR Goodwill Ambassador, Maya Ghazal; and humanitarian content creator celebrated for his impactful social media presence, Zachery Dereniowski, better known as MD Motivator.

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Business & Investments

Noatum Enters Egypt’s Maritime Market with the Acquisition of Safina Shipping Services

Acquisition of controlling stake in the company to expand Noatum Maritime’s presence in the Middle East region

Madrid, Spain/Cairo, Egypt – 16 August 2024: Noatum, an AD Ports Group company (ADX: ADPORTS), announced the acquisition of a majority stake in Safina B.V., a leading provider of maritime agency and cargo services in Egypt and across the Middle East region. The deal is expected to close in Q3 2024.

The acquisition by Noatum Maritime marks a significant milestone in its strategic growth as it leverages Safina’s expertise, capacity and reputation in Egypt’s maritime agency market.

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