Business & Investments

Mashreq closes US$88 million syndicated term loan facility for Joint-Stock Commercial Bank “Agrobank”

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Mashreq closes US$88 million syndicated term loan facility for Joint-Stock Commercial Bank “Agrobank”

The deal marks the first transaction for an Uzbekistan state-owned bank in the MENA region

Dubai, UAE – February 27, 2024: Mashreq, a leading financial institution in the MENA region, announced the closing of a US$88 million one-year syndicated term loan facility for Joint-Stock Commercial Bank “Agrobank”.

Mashreq acted as sole coordinator, initial mandated lead arranger, bookrunner, and facility agent for the deal. Marking a debut transaction for an Uzbekistan state-owned bank in the MENA region, the facility was oversubscribed by 75%, and its proceeds will be used towards general corporate purposes.

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Entertainment & Celebrity

The Little Things Teases Fans with Exclusive statues to be released at the MEFCC 2024

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The Little Things Teases Fans with Exclusive statues to be released at the MEFCC 2024

  • The Little Things has released a teaser featuring a mysterious yet nostalgic character ahead of Middle East Film & Comic Con 2024, generating excitement among fans.
  • The exclusive release, scheduled at ADNEC, Abu Dhabi, on the 9th of February 2024, including the Grendizer and Duke Fleed Limited Edition statue, are set to land at MEFCC 2024, featuring a 1:6 scale diorama statue from the iconic Japanese animated series UFO Robot Grendizer.

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Shopping & Promotions

EROS Ramadan Deals On Top Appliances and Electronic Brands 

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EROS Ramadan Deals On Top Appliances and Electronic Brands 

between February 23rd and April 8th, 2024

Eros Store 1 copy.jpg

United Arab Emirates: As Ramadan approaches, EROS, UAE’s premier electronic retailer, presents irresistible deals on an exquisite selection of premium appliance brands including TCL, Hitachi, Ariston, Midea, Cosori, Levoit, Samsung, and EROS’s own brand, KROME. 

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Technologies

OPPO unveils new OPPO Air Glass 3 at MWC 2024

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OPPO unveils new OPPO Air Glass 3 at MWC 2024, showcasing innovative initiates in the era of AI

  • Marking a significant breakthrough in XR, OPPO Air Glass 3 can access OPPO’s AndesGPT model via a smartphone app for generative AI capabilities.
  • OPPO has established the OPPO AI Center and released the OPPO AI Smartphone White Paper as it continues to explore the forefront of AI development and implementation.
  • OPPO, AlpsenTek, and Qualcomm Technologies, Inc.have debuted new Hybrid Vision Sensing technology featuring AI Motion that is set to deliver new breakthroughs in image deblurring and high frame rate slow motion video on mobile phones. 
  • OPPO devices, including the OPPO Find X7 Ultra, and innovative features, including the new AI Eraser, are also being showcased at MWC 2024.

Dubai, UAE, 27 February 2024 — Leading global technology company OPPO today unveiled a prototype for its new generation of assisted reality glasses, OPPO Air Glass 3, at MWC 2024. OPPO Air Glass 3 can access OPPO’s AndesGPT model via a smartphone, providing a new burdenless AI experience. Ahead of the event, OPPO also announced the establishment of the OPPO AI Center and released the OPPO AI Smartphone White Paper, marking a new era in which Smartphones transition to AI Smartphones.

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Business & Investments

KEZAD Group and Sam Force Sign Agreements for Community Retail Centres Development

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KEZAD Group and Sam Force Sign Agreements for Community Retail Centres Development

Sam Force will Develop and Operate Two Centres in KEZAD to Enhance Community Lifestyle and Amenity Offering

Abu Dhabi, UAE – 27 February 2024:  Khalifa Economic Zones Abu Dhabi – KEZAD Group, a leader in the development of integrated and purpose-built economic zones, today announced two land lease agreements with Sam Force Trading, a renowned developer and operator of real estate assets in Abu Dhabi. The agreements mark a pivotal step in enhancing the retail infrastructure in KEZAD through the creation of vibrant retail community centres.

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