Category Archives: Business & Investments

Business & Investments

ADGM, the Region’s Leading Climate Finance Hub, Announces its Role as Principal Partner at COP28

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ADGM, the Region’s Leading Climate Finance Hub, Announces its Role as Principal Partner at COP28

  • ADGM will host the ‘Climate Finance Action Pavilion’ and showcase its thriving climate finance ecosystem.
  • ADGM has successfully introduced the region’s first comprehensive sustainable finance regulatory framework and environmental instruments to its capital markets framework, bringing the world’s first regulated voluntary carbon exchange, AirCarbon Exchange (ACX) under its jurisdiction.
  • ADGM chairs the UAE Sustainable Finance Working Group (SFWG) composed of UAE regulatory authorities, Federal Ministries and exchanges.
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Business & Investments

Cypher Capital promotes inclusive market ecosystem with latest investment in Common Wealth

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Cypher Capital promotes inclusive market ecosystem with latest investment in Common Wealth

November 21, 2023: Cypher Capital, a leading venture capital firm, made a strategic investment in Common Wealth, an innovative and community-driven platform that is expected to revolutionise early-stage investments. With this investment, Cypher Capital demonstrates its dedication to disregarding conventional boundaries, and advancing innovative projects that elevate inclusivity and collaboration in the investment landscape.

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Business & Investments

Savoye acquires a major contract in KSA to support CJ Logistics and iHerb with world-class automation solutions

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Savoye acquires a major contract in KSA to support CJ Logistics and iHerb with world-class automation solutions

Savoye was selected as the automation and technology partner to fully automate the e-commerce Global Distribution Center of iHerb in KSA, first of its kind in the region

November 21, 2023

Savoye, a leading global warehouse automation integrator and software publisher in the Middle East, partnered with CJ Logistics, a 3PL services company operating for iHerb, the leading global eCommerce retailer for health and wellness, in Riyadh, Kingdom of Saudi Arabia (KSA), to deliver world-class automation solutions for its e-commerce Global Distribution Center (GDC). The strategic partnership is a significant development for Savoye in KSA, following its recent expansion into the region.

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Business & Investments

Prepay Nation And Loyyal Announce Strategic Partnership To Enhance Loyalty Solutions

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Prepay Nation And Loyyal Announce Strategic Partnership To Enhance Loyalty Solutions

UAE- November 21, 2023: Prepay Nation, a leading global B2B prepaid products marketplace renowned for pioneering cross-border transfers has announced a strategic partnership with Loyyal, an industry leader in applying blockchain technologies to supercharge loyalty and incentive programs.

The Middle East and Africa loyalty market1 is expected to increase 12.2% reaching USD 9,297.7 million by 2027. This collaboration reinforces Prepay Nation’s commitment to global expansion and enables Loyyal to meet the demanding needs of the loyalty industry by enhancing its solutions for clients, providing added value, while also granting access to over 10,000+ prepaid products available through Prepay Nation’s extensive marketplace.

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Business & Investments

Mashreq Provides Chalhoub Group with its Debut Sustainability-Linked Working Capital Facility, Reinforcing Commitment to ESG

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Mashreq Provides Chalhoub Group with its Debut Sustainability-Linked Working Capital Facility, Reinforcing Commitment to ESG

Dubai, UAE – November 21, 2023: Mashreq, a leading financial institution in the MENA region, has extended to Chalhoub Group its first Sustainability-Linked Working Capital Facility in a strategic move that underscores the growing importance of sustainable financing in the Middle East. This debut bilateral facility not only highlights both entities’ commitment to environmental, social, and governance (ESG) principles but also sets a new benchmark for sustainable financing in the region.

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