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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.

Continue reading Gulf Capital Announces the Successful Sale of Kuiper Australia, the Leading Crew Manager Provider in the Energy Sector in Australia. →
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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Business & Investments

100+ global experts across 60+ activities to shape the future of ‘Data and Community Development’ in Sharjah

Themed ‘Driving Change,’ the October 9-10 event, the ‘Regional Data & Community Development Forum,’  will deliberate the power of data in advancing vital sectors and shaping future communities

Sheikh Mohammed bin Humaid Al Qasimi: DSCD aims to position the forum as a platform and catalyst for change, setting new standards for data usage to benefit communities

  • 4 platforms for panel discussions and speeches and 6 halls for extensive workshops
  • 18 inspiring talks, 20 panel discussions, 24 workshops, and 10+ exhibiting entities
  • The forum spotlights the vital role of data in advancing healthcare, education, infrastructure, sustainability, technology, and business
  • Brings together decision-makers, the business community, institutions, economists, data experts, and academics
Continue reading 100+ global experts across 60+ activities to shape the future of ‘Data and Community Development’ in Sharjah →
Business & Investments

17 key partners support Sharjah Investment Forum 2024’s vision for smart economies

Partners span sectors including finance, technology, sustainability, education, and innovation, leading the shift towards a smarter economic future.

Sharjah, September 09, 2024

The Sharjah Investment Forum (SIF 2024) has unveiled its partners and sponsors for the 7th edition, featuring 17 leading entities from the commercial, investment, industrial, financial, real estate, educational, media, and sustainability sectors to deliver on the forum’s theme ‘A Futuristic Vision for Smart Economies’.

Scheduled for September 18-19 at Al Jawaher Reception and Convention Centre, the forum will host top executives, investors, and industry leaders to discuss the role of investments and capital in steering AI systems towards supporting global growth and enhancing efficiency, resilience, and inclusivity across companies, institutions, and various economic sectors.

Continue reading 17 key partners support Sharjah Investment Forum 2024’s vision for smart economies →