Category Archives: Business & Investments

Business & Investments

Convergence Partners in a buyout of the Datacentrix Group

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Convergence Partners in a buyout of the Datacentrix Group

17 January 2024, Dubai-UAE – Convergence Partners today announced that its Convergence Partners Digital Infrastructure Fund (CPDIF) has entered into a definitive agreement with Alviva Holdings Limited to acquire 100% of Datacentrix Group. The acquisition is alongside the existing Datacentrix management team that has successfully led the company for over 20 years.  Alviva is exiting Datacentrix pursuant to its delisting from the JSE in early 2023, to focus on its core operations in hardware distribution. Terms of the transaction were not disclosed.

The transaction aligns with the CPDIF’s strategy of investing in high growth companies that are leading champions in their field with strong management teams and deep customer and vendor relationships. 

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Business & Investments

Mastercard partners with CarbonSifr to advance climate action in MENA region

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Mastercard partners with CarbonSifr to advance climate action in MENA region

Dubai, UAE; 16 January 2024: Mastercard has signed a memorandum of understanding (MoU) with CarbonSifr, a UAE-based climate tech company, to explore opportunities to accelerate climate action in the MENA region. The two partners will support small and medium enterprises (SMEs) with climate awareness and carbon footprint measurement initiatives, and enable players in the broader ecosystem to embed climate action into their payment processes with local data.

The innovation-driven partnership aims to equip small businesses in the region with innovative tools to measure, reduce and compensate for their carbon footprint.

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Business & Investments

Investment Corporation of Dubai Reveals New Visual Identity

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Investment Corporation of Dubai Reveals New Visual Identity
 
Dubai – 16 Jan 2024 – Investment Corporation of Dubai (ICD), the principal investment arm of the Government of Dubai, has revealed a rebrand of its visual identity incorporating a new logo.
 
Going forward, the Corporation will be known by its acronym ‘ICD’, with its visual identity reflecting its dynamism and evergreen commitment to the pursuit of growth, development, and excellence. The change further signals ICD’s preparedness to adapt to the ever evolving global investment landscape.

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Business & Investments

Lombard Odier- How should investors navigate geopolitical risks in early 2024?

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How should investors navigate geopolitical risks in early 2024?
Samy Chaar, Chief Economist

Christian Abuide, Head of Asset Allocation

Key takeaways

  • Rivalry between US and China-led blocs, possible Middle East conflict escalation and a busy political calendar keep geopolitical risks elevated as we enter 2024
  • We still expect the Israel-Hamas conflict to remain largely localised. Red Sea attacks are affecting trade but should have a manageable inflationary impact. We expect oil prices to drift up towards the low-end of a USD 80-90 a barrel range, with short-lived price spikes possible in an extreme scenario
  • A global ‘decoupling’ is changing global trade and investment flows. Securing supply chains and strategic industries has become an important theme
  • We believe 2024 should be a positive year for financial markets, but remain vigilant in an uncertain geopolitical environment. Tactically, we keep portfolio risk at strategic levels, with a quality bias and a preference for US assets.
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Business & Investments

TPAY to enable Mobile Payments for PUBG MOBILE in Egypt!

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TPAY to enable Mobile Payments for PUBG MOBILE in Egypt!

Dubai, UAE, Jan 16, 2024: TPAY MOBILE, META’s most reliable digital micropayments facilitator, today announces through its partnership with Tencent, the launch of Direct Carrier Billing for PUBG MOBILE in Egypt.

This launch provides gamers in Egypt to easily purchase PUBG MOBILE UC (unknown cash) through the official PUBG shop ‘Midasbuy’ and the UC they purchased is promptly added to their PUBG account.

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