Category Archives: Business & Investments

Business & Investments

Noatum Launches Maritime Services in Türkiye

Noatum Launches Maritime Services in Türkiye

New Office Strengthens Noatum’s Integrated Maritime Agency Services across the Mediterranean Region

Madrid, Spain/Istanbul, Türkiye – 17 May 2024: Noatum, a leading multinational provider of integrated port operations, maritime, and logistics services, and an AD Ports Group company, announced the inaugural launch of Noatum Maritime’s office in Türkiye.

Launch of the new office, to be led by Noatum Maritime, a core business unit of Noatum, will serve as an important step towards broadening the company’s reach in key regional markets with focus on strengthening its comprehensive maritime agency services in the Mediterranean region. In addition, Noatum Maritime’s entry into Türkiye’s market is aligned with AD Ports Group’s vision for international expansion and presence across major global markets and trade lanes already connected to, or offering strong prospects to connect to, the UAE.

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Business & Investments

Exploring Performance of USD, US Stocks Amid Rate Outlook in Eventful Week

Exploring Performance of USD, US Stocks Amid Rate Outlook in Eventful Week

Mohamed Hashad, Chief Market Strategist, Noor Capital.

The number of Jobless Claims increased to almost 1.8 million for this week on Thursday’s data, and this is not exactly encouraging. Yet, the US Dollar Index is 0.32% up, above the 104.60 mark at the time of writing.

Following a sharp decline, the dollar is maintaining modest gains on Thursday as the most recent Consumer Price Index (CPI) indicated that the disinflationary trend had resumed in April. With recent data showing some weakening in the economy on all fronts, the pieces are beginning to fit together, and the lower CPI put clarified the broader picture.

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Business & Investments

Cessation of Activities by Venom Foundation in ADGM

Cessation of Activities by Venom Foundation in ADGM

Abu Dhabi, UAE, 17th May 2024 – The Registration Authority (RA) of Abu Dhabi Global Market (ADGM) wishes to inform members of the public that Venom Foundation, an ADGM registered foundation with registration number 000008382 (Venom Foundation ADGM), is no longer conducting any activities in ADGM having voluntarily cancelled its commercial licence in February 2024 and appointed a liquidator in March 2024 to wind down the foundation.

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Business & Investments

Bitget Wallet Introduces Web3-Focused Bitget Onchain Layer With Dedicated $10M BWB Ecosystem Fund

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Bitget Wallet Introduces Web3-Focused Bitget Onchain Layer With Dedicated $10M BWB Ecosystem Fund

Global, May 17, 2024: Bitget Wallet has announced the launch of the blueprint of its upcoming product, the Bitget Onchain Layer, which promises to revolutionise the Web3 experience for its users.  The new initiative is supported by a dedicated $10 million BWB Ecosystem Fund. Initially, the ecosystem fund will support various Web3 trading services, including three already in the pipeline: Pre-Market, on-chain derivatives market, and Trading Bot. These Modular Feature-DApps (MFDs) will complement Bitget Wallet’s Swap trading service.

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Business & Investments

Vast Investment Opportunities in Indian Micro-Finance Sector For UAE: MFIN CEO

Vast Investment Opportunities in Indian Micro-Finance Sector For UAE: MFIN CEO

  • By 2027, MFIN anticipates the micro-financing loan portfolio in India to reach USD 80 billion, signalling ample opportunities for investors from UAE seeking both financial returns and social impact

May 14, 2024, Dubai, UAE: MFIN, the quasi-regulatory body (Self Regulatory Organisation) in the Indian micro-finance sector, has underscored the significant potential for investment in India’s micro-finance industry from the UAE market. With total micro-finance loan portfolio amounting to USD 50 billion and an outreach extending to 7.5 crore low-income women– a community often disempowered in society– India’s micro-finance sector has emerged as a pivotal force in fostering financial inclusion and empowering women in the country.

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