Category Archives: Business & Investments

Business & Investments

MENA Mergers and Acquisition transactions totalled US$ 59.5 billion in first nine months of 2023

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MENA Mergers and Acquisition transactions totalled US$ 59.5 billion in first nine months of 2023

DUBAI, UAE – LSEG (London Stock Exchange Group) today released the third quarter 2023 investment banking analysis for Middle East and North Africa. 

INVESTMENT BANKING FEES

An estimated US$803.2 million worth of investment banking fees were generated in the Middle East & North Africa during the first nine months of 2023, 31% less than the value recorded during the same period in 2022 and the lowest first nine-month total since 2018.  Advisory fees earned from completed M&A transactions in the region totalled US$181.2 million, a 52% decrease from year ago levels and the lowest first nine-month total in five years.  Equity capital markets underwriting fees totalled US$165.5 million, down 39% from last year but reaching the second highest level in the last 15 years.

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Business & Investments

Ajman Holding & Mulk International forge joint venture

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Ajman Holding & Mulk International forge joint venture to elevate global presence in construction and other fields

Ajman Holding and Mulk International announces a joint venture to expand construction, sports and associated businesses globally that will see increased export of UAE-manufactured Alubond products as well as global expansion of the UAE home-grown T10 Cricket League in the coming years

His Highness Sheikh Abdul Aziz Al Nuaimi, Chairman of Ajman Holding, says: “We are committed to ensuring this cooperation transcends conventional boundaries, setting a benchmark for successful partnerships in the region and the global arena. Our combined efforts will not only fortify the domestic market presence of both the T10 League and Alubond but also drive their momentum to new global territories.”

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Business & Investments

On World Savings Day, National Bonds Reveals over 100% Surge in Regular Savers Compared to 2022

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On World Savings Day, National Bonds Reveals over 100% Surge in Regular Savers Compared to 2022

  • National Bonds generated compounded annual growth worth 12% in the last 5 years.

Dubai, United Arab Emirates, 30 October, 2023: National Bonds, the UAE’s savings and investment company, reported a substantial surge in its customer base in 2023 with over 40,000 new customers, a remarkable increase of more than double, compared to the previous year.

At the same time, over the past five years, National Bonds has achieved a compounded annual growth of 12%. This announcement coincides with the celebrations of World Savings Day and underscores the increasing trust that customers have in the company and its products. These results align with the findings of the National Bonds Savings Index, which revealed that 68% of those who have not saved yet plan to start saving within the next six months to a year.

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Business & Investments

Online Trading Academy enhances community engagement with a special mastermind gathering

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Online Trading Academy enhances community engagement with a special mastermind gathering

Dubai – October 30, 2023: Online Trading Academy (OTA) Middle East and North Africa, a leader in investing and trading education, has recently organized a gathering event bringing together members of its Mastermind Community at the Dubai Knowledge Park Conference Centre. The congregation, hosted by the academy’s local team, helped the OTA to enhance the engagement of its community members and strengthen support and collaboration within the group, reinforcing its since inception.

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Business & Investments

Sustainably developed cultural assets could cut GCC carbon emissions by at least 1.3 million metric tons by 2030

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Sustainably developed cultural assets could cut GCC carbon emissions by at least 1.3 million metric tons by 2030

  • A new report from Strategy& Middle East suggests that sustainably constructed cultural assets could deliver savings of at least US$14 billion
  • GCC-wide cultural investments currently exceed US$100 billion, driving FDI, job creation, and value chain enrichment
  • Sustainable cultural assets and events could attract an additional 8 million visits to the region by 2030

Dubai, UAE, October 30, 2023: The GCC region has the potential to cut lifetime carbon emissions by at least 1.3 million metric tons  – equivalent to removing 320,000 cars from roads per year – if the region’s planned cultural assets are developed using sustainable methods and technologies, according to the latest report by Strategy& Middle East, part of the PwC network, titled “A Sustainable and Inclusive Cultural Renaissance for the Middle East.”

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