Category Archives: Business & Investments

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.
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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.

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Business & Investments

Homegrown UAE startup ranks No. 1 globally for expense management on G2

Homegrown UAE startup ranks No. 1 globally for expense management on G2

Alaan, a leading fintech company based in the UAE, has recently secured the top spot in the esteemed G2 global fintech report for Spring 2024. Standing out among international competitors, Alaan scored highly across various metrics including quality of support, ease of use, and overall market presence.

G2 is the world’s most trusted tech marketplace, known globally for its thorough, data-backed assessments. A recognition from them only reaffirms Alaan’s status as a leader in the corporate card and expense management sector in the Middle East.

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Business & Investments

Abu Dhabi Global Market and Hacken Forge Partnership to Elevate Blockchain Security Standards

Abu Dhabi Global Market and Hacken Forge Partnership to Elevate Blockchain Security Standards

Abu Dhabi, UAE, 24 April 2024 – Abu Dhabi Global Market (ADGM), the international financial centre of the UAE’s capital, and Hacken, a global leader in blockchain security auditing, have signed a Memorandum of Understanding (MoU) to collaboratively set new benchmarks for blockchain security and compliance. This strategic partnership reflects a unique synergy between a regulatory body and a security auditor aimed at establishing a world-leading security assessment standard in the blockchain industry.

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Business & Investments

Significant fluctuations in online payment transactions-Checkout.com

Significant fluctuations in online payment transactions across various sectors following recent severe weather conditions in the UAE

  • Checkout.com data tracks notable changes in consumer payment transactions during the week
  • 47% increase in airline online payment transactions, and 11% increase in hotel and accommodation bookings
  • 24% decline in supermarket transaction volumes
  • Consumers in the UAE turn to online training and education as a method of self development amidst severe weather conditions, as the sector sees 31% increase in transaction
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