Category Archives: Business & Investments

Business & Investments

Finastra partners with CredAble to deliver a holistic supplychain finance offering to banks globally

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Finastra Trade Innovation, integrated with CredAble’ s supply chain finance platform, enables banks to grow their trade and supply chain finance business and deliver enhanced customer experiences

Dubai, UAE – July 23, 2024 – Finastra, a global provider of financial software applications and marketplaces, today announcedits partnership with CredAble, a working capital finance platform, toexpand the functionality of Finastra Trade Innovation. CredAble’sfeature-richplatformis now integrated with the solution, providing new and existing customers with a comprehensivesupply chain finance offering.As a result, banks can acceleratetheir revenue growth,expand their business and increase customer satisfaction by offeringcorporates a wider range of financial services within a single platform.

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Business & Investments

Phoenix Group PLC Expands Global Mining Capacity Opening a New 25 MW Mining Site in Willamette, South Carolina, USA

Abu Dhabi, United Arab Emirates – 23 July 2024, Phoenix Group PLC (PHX), a leading multi-billion-dollar tech conglomerate listed on the Abu Dhabi Securities Exchange (ADX),  today unveiled its new 25-megawatt mining facility in Willamette, South Carolina, USA. This significant expansion introduces an additional 1 exa hash to the company’s mining capacity, enhancing its global cryptocurrency mining capabilities to 18 exa hash.

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Business & Investments

Sahil Sajan Leads Milano by Danube into the Future; Chitrangada Singh Joins as Brand Ambassador

Dubai, UAE, July 23, 2024: Milano by Danube, a leading luxury home solutions brand, celebrated a momentous occasion as Anis Sajan, Vice Chairman of Danube Group, proudly introduced his 23-year-old son, Sahil Sajan, as the new Director of Milano by Danube. The event also marked the official announcement of renowned actor Chitrangada Singh as the brand ambassador of Milano, signaling a new era for the brand.

Milano is known for its quality products and covers a wide range of home solutions, including bathroom fittings, sanitary ware, tiles, hardware, furniture fittings, electricals, safety, and water purifiers.

The event was attended by industry leaders and guests along with the founder and Chairman of Danube Group, Mr. Rizwan Sajan, and Managing Director of Danube Group, who gathered to witness the announcement as Anis Sajan decided to pass on the baton to the next generation. Expressing his confidence in Sahil, Anis Sajan said, “Sahil brings youthful energy, innovative ideas, and a deep understanding of the brand’s core values. I am sure Milano will scale new heights under his leadership.

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Business & Investments

Strong Investor Appetite for IPOs , with 84% of UAE Investors Likely to Invest in Future Offerings, Reveals Edelman Smithfield’s UAE Investor Pulse Survey

Dubai, UAE –23 July 2024–Findings from the landmark UAE Investor Pulse Survey 2024, conducted by Edelman Smithfield, a specialized global financial communication advisor, reveal a significant investor appetite for UAE IPO offerings in 2024, with a majority (84%) of UAE investors expressing their readiness to invest in future IPOs.

The survey indicates a positive sentiment among investors regarding the valuation of firms that have undergone IPOs in the past three years. Notably, 73% of investors view these firms as fairly valued, underscoring a well-balanced market perception.

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Business & Investments

Qashio and Landmark Group’s Shukran Loyalty Program Announce Strategic Partnership Enabling Seamless Points Exchange

Dubai, UAE, 22ndJuly,2024 — Qashio, the leading Spend Management software and corporate card provider in the UAE, is excited to announce a strategic partnership with Landmark Group’s Shukran Loyalty Program, one of the region’s largest and most beloved retail loyalty programs. This collaboration will allow Qashio users to seamlessly exchange their Qashio Points for Shukrans, enhancing the value and flexibility of both loyalty programs for companies across the UAE.

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