Monthly Archives: September 2024

Business & Investments

iACCEL GBI Joins Hands with TrustIn to Transform Transaction Landscape in the Middle East

9th September, 2024, Dubai, United Arab Emirates: iACCEL Gulf Business Incubator (iACCEL GBI), a leading go-to market accelerator based in Dubai, has announced a strategic partnership with TrustIn, Middle East’s first regulated digital escrow platform. The collaboration aims to democratize and simplify escrow services, making them more accessible through a user-friendly digital platform.

iACCEL Gulf Business Incubator has onboarded over 20 startups from across the globe over the last 17 months. With a strong value proposition, the company offers comprehensive support to startups to facilitate their growth and expansion in the UAE and GCC region.

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Health Care

Prometheus Medical Wins New Training Contract, Reinforces its Pre-hospital Trauma Life Support Portfolio  

Abu Dhabi, 10 September 2024: Prometheus Medical International (PMI), experts in emergency medical training and medical risk consultancy, and a subsidiary of Response Plus Medical (RPM) – a leading provider of pre-hospital emergency medical services in the Middle East – has won a contract to deliver its Pre-Hospital Trauma Life Support (PHTLS) training to the clinical team mentors at the West Midlands Ambulance Service Trust (WMAS) – one of the leading emergency ambulance services based in the United Kingdom.

The new win further reinforces the company’s training portfolio, confirming once again PMI’s expertise in the field of Pre-Hospital Trauma Life Support.

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Business & Investments

Gulf Capital Announces the Successful Sale of Kuiper Australia, the Leading Crew Manager Provider in the Energy Sector in Australia.

(Abu Dhabi, 9 September 2024) – Gulf Capital, one of the largest private equity firms investing from the GCC to the rest of Asia, announced today its successful exit from Kuiper Australia, in a carve-out transaction from its portfolio company, Kuiper Group, the leading manpower outsourcing company in the offshore energy sector.

The sale was structured as a management buyout, supported by National Bank of Australia. Mr. Mark Somic, Chief Executive Officer of Kuiper Australia, will continue to serve as the Chief Executive Officer of Kuiper Group, and clients will continue to benefit from the synergies and ongoing business affiliation between both independent entities. The sale of Kuiper Australia is the second exit this month for Gulf Capital, following the successful exit of Middle East Glass in Egypt.

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Business & Investments

Etihad Credit Bureau Simplifies Company Credit Report Purchase Through Al Ansari Exchange

Abu Dhabi, UAE, September 10, 2024: Etihad Credit Bureau, the data technology federal entity that simplifies information to reveal powerful insights, has announced a collaboration with Al Ansari Exchange, the largest remittance and foreign exchange company in the UAE and a subsidiary of Al Ansari Financial Services PJSC [DFM: ALANSARI].

This collaboration is designed to make it easier for UAE companies to access their Credit Reports. Businesses can apply through the Etihad Credit Bureau’s website and then visit any of the 250+ conveniently located Al Ansari Exchange branches across the UAE to verify identity and receive their credit reports via email. This streamlined process will make Etihad Credit Bureau products available to all UAE registered companies without the need to travel to the Abu Dhabi or Dubai branches of Etihad Credit Bureau.

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Business & Investments

DIFC Pioneers New Initiatives to Support Influx of Wealth and Asset Management Firms

  • Over 400 wealth and asset management firms now in DIFC including 44 ‘billion-dollar club’ hedge funds
  • First-of-its-kind DIFC Funds Centre to support hedge fund spinouts, fund platforms and boutique wealth and asset management firms
  • Report by LSEG highlights emerging markets, led by UAE, are poised to drive the next wave of wealth and asset management growth, with DIFC positioned as the region’s premier hub

Dubai, UAE: 09 September 2024: Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, today announced several updates that advance its position as the premier choice for wealth and asset management companies.

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