Category Archives: Business & Investments

Money Maestro Anticipates 25 Percent Growth in 2024

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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SNB Capital Completes Lead Advisor Role for MBC Group IPO

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

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

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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Stellantis Announces New Middle East Leadership Team  

Stellantis Announces New Middle East Leadership Team  

  • Stellantis accelerates growth plans in line with delivery of Dare Forward 2030 Strategy  
  • Aiming to achieve market leadership across Middle East and Africa by the end of the decade  

Dubai, United Arab Emirates, 08 January 2024 – Stellantis, one of the world’s leading automakers, today announced a new leadership team for its Middle East operations, as the company aims for regional market leadership by 2030 as part of its Dare Forward 2030 Strategy for the Middle East and Africa (MEA).  

With ambitious targets across industrial, commercial, product, digitization, aftermarket and purchasing fields – including moving from 25% to over 70% regional production autonomy – the group is strengthening its aims to become the regional market leader in climate change with a vehicle mix of 25% Electric Vehicles (EVs) across its portfolio of iconic American and European brands in MEA by 2030.  

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