Astra Tech’s Quantix Secures Landmark $500 Million Financing from Citi, the Largest UAE Fintech Deal to Date
Abu Dhabi, UAE: 11 December 2024 – Quantix Technology Projects LLC, a subsidiary of Astra Tech, the leading fintech company based in Abu Dhabi, announced today that it has secured a substantial $500 million asset-backed securitization financing from Citi to support its CashNow consumer lending platform.
Dubai, UAE; 12 December 2024: Pathfinder Global, a leading innovator in AI-driven retail intelligence, highlights the top retail trends expected to shape the GCC market in 2025. These predictions highlight key drivers and emerging themes in the region’s evolving retail landscape.
The GCC’s retail sector is entering 2025 with significant momentum, boosted by a rising population, a growing number of high-net-worth individuals (HNWIs), strong business confidence and ongoing economic diversification initiatives. In 2024, consumer spending in the UAE alone surged by 4.8% year-on-year in Q3, reaching $3.7 billion, according to NielsenIQ. Saudi Arabia is similarly poised for expansion, with the hyperlocal retail market expected to contribute $13.5 billion (SAR 50 billion) to its non-oil GDP by 2030, as outlined by recent market studies.
Blossom76 – Luxury Residential Urban Lifestyle Project Unveils in JVC – District 17
UAE: 12th December 2024: With a visionary team of industry veterans, Dubai is increasingly growing into an ideal investment hub with high sales and rental returns. Tranquil Infra, a boutique developer that specializes in niche real estate projects is at the forefront of reshaping Dubai’s skyline unveiling Blossom76, an epitome of true elegance with exceptional living, rising majestically in the heart of Jumeirah Village Circle, Dubai.
Blossom76 offers 111 residences – Spacious Studios, 1 Bed Apartments with Study and Plunge Pool, 2 Bed Apartments with Laundry, Study, and a Private Plunge Pool. Recreational Amenities include a beautiful mix of Kids play area, Swimming pool with a Water feature, Panoramic Rooftop Gym, Yoga Space, BBQ & Outdoor Deck, with retail spaces on the ground floor and a lot more. Contemporary Design with Premium Fixtures & Fittings, Blossom76 is the right blend of style and luxury. Starting at AED 595,888/-, this architectural marvel is designed where each residence exudes an unmatched grandeur and exquisite lifestyle for the modern cosmopolitans.
Dubai, United Arab Emirates, December 11, 2024: Yango, a ride-hailing service and a part of the global tech company Yango Group, has been awarded the Ride-Hailing App of the Year Award at the Enterprise Agility Awards 2024. Hosted by Entrepreneur MENA, the awards celebrate exceptional innovation, business achievements, and impactful enterprise leadership across industries.
Continue reading Yango Wins Prestigious Ride-Hailing App of the Year Award at Enterprise Agility Awards 2024India looks at raising MEA leather Market Share in US$13.70 billion Push by 2030
• India’s leather, footwear and leather products exports in the first half of 2024-25 fiscal at US$2.45 billion
• The UAE and Saudi Arabia key to Middle East growth for India’s leather products and footwear industry, says official
Dubai, December 10, 2024: The Middle East and Africa (MEA) markets hold huge unexplored potential for India’s leather products and footwear industry as the Country is working towards a target of US$13.70 billion turnover in exports by 2030 as part of a strategic growth initiative, said a senior official today.
UAE News 24/7 