Category Archives: Business & Investments

Business & Investments

FOREX.com Celebrates a Decade of Achievements in the UAE

FOREX.com Celebrates a Decade of Achievements in the UAE

Dubai, 26 April 2024- FOREX.com, part of StoneX Group Inc. (NASDAQ: SNEX), is celebrating 10 years of operations and award-winning service in the United Arab Emirates and the Middle East this year.

In the last six years, FOREX.com has earned over 30 awards, including Best High Net Worth Service at the Dubai Forex Expo 2021-2023. Such recognitions and achievements only testify to the company’s promise of excellence and stellar performance, enhancing customers’ trust and loyalty, and cementing FOREX.com’s solid reputation for years to come.

Continue reading FOREX.com Celebrates a Decade of Achievements in the UAE →
Business & Investments

WEE Marketplace Secures USD 10 Million Investment From Dubai-Based Firm, Embarking on a New Era of Growth

WEE Marketplace Secures USD 10 Million Investment From Dubai-Based Firm, Embarking on a New Era of Growth

Anastasia Kim, CEO and co-founder of WEE

UAE – April 25, 2024:  WEE, the pioneering marketplace known for its fast product delivery across the UAE, announces a significant milestone: a USD 10 million infusion (comprising Equity & Credit Facilities) from SIG INVESTMENT, underscoring the confidence in WEE’s vision and capabilities. This latest investment propels WEE’s valuation to an impressive $40 million.

Continue reading WEE Marketplace Secures USD 10 Million Investment From Dubai-Based Firm, Embarking on a New Era of Growth →
Business & Investments

Hitachi Energy to invest additional $1.5 billion to ramp up global transformer production by 2027

Hitachi Energy to invest additional $1.5 billion to ramp up global transformer production by 2027

  • Capacity expansion will increase speed to market to meet accelerating global demand, address long-term customer investments and create over 4,000 jobs.
  • Investments spans across Europe, the Americas, and Asia leveraging existing global footprint.
  • Around $180 million in a new state-of-the-art transformer factory in Finland, a key location for clean technology development for renewables and industrial electrification.
Foto Jonas Bilberg

　　　　　　　　　　　　　　　

Continue reading Hitachi Energy to invest additional $1.5 billion to ramp up global transformer production by 2027 →
Beauty, Business & Investments

L’Oréal Middle East celebrates 25 Years of Beauty and Innovation in the Region

L’Oréal Middle East celebrates 25 Years of Beauty and Innovation in the Region

  • With a portfolio of 31 brands and a network of long-term partners, L’Oréal Middle East is the leading beauty company the region, serving 10 countries and approximately 140M consumers.
  • With 25 years in the region, L’Oréal Middle East has expanded to over 500 employees from 54 nationalities and multiple sustainability, innovation, women empowerment and youth employability initiatives that made a positive impact on its communities.
  • New partnerships involve women empowerment initiative with the Himayah Organization in Saudi Arabia, and L’Oréal TechQuest program for GCC startups focused on Beauty Tech.
Continue reading L’Oréal Middle East celebrates 25 Years of Beauty and Innovation in the Region →
Business & Investments

Department of Finance Announces Successful Abu Dhabi Issuance of USD 5 billion Bonds

Department of Finance Announces Successful Abu Dhabi Issuance of USD 5 billion Bonds

UAE, Abu Dhabi – 25 April 2024: The Department of Finance – Abu Dhabi (DoF), announced that the emirate of Abu Dhabi has issued USD 5 billion USD-denominated bonds across three maturity periods. The issuance successfully attracted strong investor demand and underpinned the emirate’s commitment to delivering on its comprehensive economic development strategy.

Continue reading Department of Finance Announces Successful Abu Dhabi Issuance of USD 5 billion Bonds →