Category Archives: Business & Investments

Business & Investments

The Arab Energy Fund records highest-ever net income for the second year in a row

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The Arab Energy Fund records highest-ever net income for the second year in a row

  • Net income surges by 51% YoY to reach USD 225mn
  • Total assets grew by 12% YoY to reach USD 9.88bn
  • Results driven by asset growth and a favorable interest environment

Saudi Arabia, 20 March 2024 – The Arab Energy Fund “TAEF” (previously APICORP) a multilateral impact financial institution focused on the MENA energy sector, today announced the financial results for the fiscal year that ended on December 31, 2023.

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Business & Investments

CoinMENA FZE partners with Network International to streamline fiat onramps

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  • CoinMENA FZE partners with Network International to streamline fiat onramps

Strategic partnership allows UAE CoinMENA users to instantly  deposit funds via cards directly to their wallet

UAE, 19th March 2024: Network International (Network), the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has announced a strategic collaboration with virtual asset service provider CoinMENA FZE, to provide users with a seamless and secure onramp from fiat to crypto via card deposits.

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Business & Investments

ADGM 2024 Growth Outlook

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ADGM 2024 Growth Outlook: Over 70% of Companies in ADGM Plan Workforce Expansion in 2024

  • Asset Management poised to take the lead, as respondents recognise its significant growth potential.
  • Nearly 97% of business leaders show strong support for recommending ADGM.
  • A total of 70.81% of companies anticipate expanding their workforce in ADGM during 2024.
  • The robust regulatory environment acknowledged as the cornerstone of ADGM’s competitive edge.

Abu Dhabi, UAE, 20th March 2024: Abu Dhabi Global Market (ADGM), the international financial centre (IFC) of Abu Dhabi, stands as a testament to the vision and ambition that drive the United Arab Emirates (UAE) and the wider region’s economic landscape. A recent comprehensive survey conducted among the ADGM community offers a window into the promising outlook for ADGM in 2024.

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Business & Investments

Al Ansari Financial Services Approve AED 300 Million Cash Dividend for H2 2023

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Al Ansari Financial Services Approve AED 300 Million Cash Dividend for H2 2023 At Its Annual General Assembly Meeting

UAE – 20 March 2024: Al Ansari Financial Services PJSC (DFM: ALANSARI), (the “Company”), one of the leading integrated financial services groups in the UAE, held its Annual General Assembly Meeting at the Sheraton Mall of the Emirates hotel in Dubai, to consider and approve key resolutions.

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Business & Investments

Network International leverages Mastercard’s AI-powered Brighterion solution to protect over 60,000 merchants from fraud

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Network International leverages Mastercard’s AI-powered Brighterion solution to protect over 60,000 merchants from fraud

Dubai, UAE; 20 March 2024:  Network International, the leading enabler of digital commerce across the Middle East and Africa, has extended the benefits of Mastercard’s Brighterion fraud prevention solution, powered by artificial intelligence (AI), to over 60,000 merchants. The two partners are leveraging the cutting-edge technology to protect and grow the payments industry by providing transaction fraud screening and merchant monitoring services to merchant acquirers and businesses.

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