Category Archives: Business & Investments

Business & Investments

EazyPay brings Mastercard Receivables Manager to Bahrain to streamline B2B virtual card payments

Manama, Bahrain;29July2025:Eazy Financial Services(EazyPay)has announced the launch of Mastercard Receivables Managerin Bahrain. EazyPay has become the first acquirer in the market to adopt the innovative solution that enhances virtual card payment processing for businesses.

Mastercard Receivables Manager enables EazyPay to support merchants in automating their business-to-business (B2B) virtual card receivables. By eliminating manual processes, the solution helps improve efficiency,  working capital and cash flow. With minimal integration and no need for application programming interface (API) implementation, the customizable platform streamlines the capture of virtual card payments, processes them straight through, and delivers remittance data directly to merchants’ accounting systems.

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Business & Investments

ESAS Signals Strategic Outreach into the Middle East with appointment of Farah Foustok to its Board of Directors

Istanbul / Dubai – [30/07/2025]

ESAS, an Investment and Wealth Management group with offices in Istanbul, London, and Frankfurt, has announced the appointment of regional financial leader Farah Ahmad Foustok to its Board of Directors. The appointment reflects ESAS’ strategic focus on expanding its governance and visibility across the GCC and broader MENA region.

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Business & Investments

MoneyGram and Bank AlJazira Partner to Expand

Cross-Border Money Movement in Saudi Arabia

Bank AlJazira customers can now send and receive money across nearly every country and territory in the world through the global MoneyGramnetwork

RIYADH, Kingdom of Saudi Arabia, July 29, 2025

MoneyGram, a leading global payments network for consumers, businesses and communities, today announcedresuming money transfer services with Bank AlJazira, a leading bank in Saudi Arabia. This partnership expands access to physical and digital cross-border money movement solutions across the Kingdom, supporting Saudi Arabia’s Vision 2030 and its goal of buildingan inclusive, digitally empowered economy.

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Business & Investments

Al Seer Marine Reports Increase in Operating Profit to AED 156 Million with AED 698 Million in Revenue for the First Half of 2025

  • Revenue rises 20.2% year-on-year, supported by enhanced asset utilisation.
  • Gross profit climbs 81.7% to AED 89 million, with gross margin expanding from 8.4% to 12.7%.
  • Cash balance grows 178% to AED 490 million, driven by stronger collections.
  • Total assets rise 7.6% to AED 8.1 billion, whilst total borrowings decrease by 16%.

Abu Dhabi, Monday 28th ofJuly 2025: Al Seer Marine (ADX: ASM), a frontrunner in advanced maritime solutions and a subsidiary of IHC, announces its financial results for the first half of 2025. The company posts revenue of AED 698 million, marking a 20.2% increase compared to the same period last year.

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Business & Investments, Real Estate

Modon Holding delivers outstanding AED 2.1 billion H1 2025 Net Profit, with continued momentum across core segments supported by record AED 10 billion real estate sales and strategic investments

  • Group revenue triples year-on-year to AED 6.5 billion, led by strong real estate performance and growth in recurring revenue streams.
  • Group net profit surges to AED 2.1 billion, 4.2x higher year-on-year, after excluding one-off items in H1 2024,driven by strong contributions across all core segments.
  • Real Estate sales were AED 10 billion withGroup revenue backlog reaching AED 33 billion across all segments.
  • Recurring income streams strengthen across Asset Management, Hospitality, and Events, Catering & Tourism segments.

H.E. JASSEM MOHAMMED BU ATABA AL ZAABI CHAIRMAN OF MODON HOLDING

Continue reading Modon Holding delivers outstanding AED 2.1 billion H1 2025 Net Profit, with continued momentum across core segments supported by record AED 10 billion real estate sales and strategic investments →