Category Archives: Business & Investments

Business & Investments

Dubai World Trade Centre Solidifies Its Position as a Premier Hub

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Dubai World Trade Centre Solidifies Its Position as a Premier Hub for Business Tourism with a Dynamic Line-up

  • DWTC’s H1 eventscalendar shines a light on Dubai’s status as a leading global hub with strong economic diversity
  • DWTC set to host over 70 Exhibitions, Conventions and Conferences in the next six months, in addition to a line-up of corporate meetings, sports and entertainment events
  • Iconic legacy events such as DUPHAT, Arab Health, AEEDC, Gulfood, Arabian Travel Market, CABSAT Middle East and new additions like FESPA Middle East, set to reinforce Dubai and DWTC’s global influence in the MICE sector
  • Upcoming events will take place across two venues – the iconic DWTC and Dubai Exhibition Centre (DEC) at Expo City Dubai
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Business & Investments

Money Maestro Anticipates 25 Percent Growth in 2024

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Dubai, UAE, January 2024: Money Maestro, a financial mortgage consultancy firm, that has been operating in the UAE for past three years; anticipates 25percent growth in 2024. The company, known for customised mortgage solutions and financial services in the region has a customer-centric approach, distinct from traditional financial service providers.

As an independent brokerage firm, Money Maestro stands apart from traditional financial service providers by offering a diverse range of mortgage solutions tailored to individual needs and situations. With the freedom to explore multiple bank products, the company ensures that clients receive the best possible advice and solutions for their specific requirements. One of the notable features of Money Maestro is its commitment to offering Sharia-compliant home financing solutions, ensuring that clients with specific financial preferences have access to suitable options. The company’s experts specialize in business finance, trade and working capital solutions, guiding clients toward wise investments for a secure future.

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Business & Investments

SNB Capital Completes Lead Advisor Role for MBC Group IPO

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SNB Capital Completes Lead Advisor Role for MBC Group IPO

  • SNB Capital facilitated the successful offering of a 10% stake in MBC Group, the Middle East’s biggest broadcaster.
  • High investor appetite resulted in demand exceeding supply for the landmark deal.

Riyadh, Saudi Arabia – 09 January 2024: SNB Capital, the leading investment bank and the largest asset manager in the region, announced today the successful completion of its financial advisory role in the initial public offering (IPO) of the MBC Group (MBC), the MENA region media broadcasting giant, which is listing on the Saudi Exchange (Tadawul).

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Business & Investments

Bahrain Steel Inks Agreement with a Consortium of Banks for a $450 Million Sustainability-Linked Loan

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Bahrain Steel Inks Agreement with a Consortium of Banks for a $450 Million Sustainability-Linked Loan

  • The loan will be tracked against a set of relevant Key Performance Indicators (KPIs) and ambitious SustainablePerformance Targets (SPTs)throughout its seven-year tenure
  • Bahrain Steel has set emission reduction targets,and have launchedcomprehensive employee training programs to bolster climate change and environmental risk knowledge

Manama, Kingdom of Bahrain – 8th January 2024:Bahrain Steel, a leading producer and global supplier of high grade iron ore pellets, announcedtoday the successful syndication of a $450 million Sustainability-Linked Loan (SLL). This milestone transaction, spanning seven years, underscores the company’s unwavering dedication to Environmental, Social, and Governance (ESG) principles. It also highlights the collective commitment of the lending consortium toward fostering tangible environmental impacts in tandem with their clients.

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Business & Investments

Revolutionizing SME Operations in the Region with Cutting-Edge AI Solutions

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Revolutionizing SME Operations in the Region with Cutting-Edge AI Solutions

Dubai SMEenhances SME growth and shapes startups into financially-ready entities through a strategic partnership with CXDA

  • The collaboration shows clear commitment to reshaping the economy and revolutionising the SME finance landscape in the emirate
  • The partnership will target completion and standardisation of key information to provide SMEs easier access toshort-term debt solutions and generate liquidity

Dubai, UAE – 08January 2024:The Mohammed bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME), a part of Dubai Department of Economy and Tourism (DET), has joined forces with Chi-XDigital Assets (CXDA), a leading AI-based fintech platform that provides short-term debt products that help generate liquidity, facilitate investment, maximise economic growth, and enable SMEs to be bankable.

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