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Standard Chartered boosts private bank team in UAE, Singapore, Hong Kong

Finance

18 July, 2024

Standard Chartered boosts private bank team in UAE, Singapore, Hong Kong

Standard Chartered has hired more than a dozen new bankers to its private banking teams in Singapore, Hong Kong and ......

Alpha Dhabi Holding unit forms $680 mn JV with US vertical farming startup Plenty

Consumer

18 July, 2024

Alpha Dhabi Holding unit forms $680 mn JV with US vertical farming startup Plenty

U.S. vertical farming startup Plenty is forming a joint venture with Mawarid, a subsidiary of Alpha Dhabi Holding, in a ......

US lawmakers raise worries about China in Microsoft deal with Emirati AI firm G42

TMT

12 July, 2024

US lawmakers raise worries about China in Microsoft deal with Emirati AI firm G42

Republican lawmakers asked the Biden administration for an intelligence assessment of Microsoft's $1.5 billion investment in UAE-based artificial intelligence firm ......

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In Charts: UAE dominates PE-VC activity in H1 2024 but Saudi Arabia makes a leap

Finance

11 July, 2024

In Charts: UAE dominates PE-VC activity in H1 2024 but Saudi Arabia makes a leap

The United Arab Emirates continued to dominate private equity and venture capital deals activity in the Middle East during the ......

Egyptian, Emirati companies sign $500 mn real estate deal in Egypt

Infrastructure

10 July, 2024

Egyptian, Emirati companies sign $500 mn real estate deal in Egypt

Egypt's Safwat Kaliouby Group (SKG) holding company and Emirati KSH Investment Company have signed a 24 billion Egyptian pound ($500 ......

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UAE's Global Ventures gets bigger cheque from returning LP for third fund

Finance

09 July, 2024

UAE's Global Ventures gets bigger cheque from returning LP for third fund

Global Ventures, a UAE-based growth-stage venture capital firm that manages a portfolio of over 60 companies, has brought on board ......

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In Charts: How Middle East PE-VC dealmaking fared in H1 2024

Finance

08 July, 2024

In Charts: How Middle East PE-VC dealmaking fared in H1 2024

The number of private equity and venture capital deals in the Middle East region fell by almost a fourth in ......

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BitOasis backer Wamda Capital joins CoinDCX cap table as common investor Pantera stays put

TMT

03 July, 2024

BitOasis backer Wamda Capital joins CoinDCX cap table as common investor Pantera stays put

UAE-based venture capital firm Wamda Capital, an early investor of BitOasis, has joined the cap table of Indian digital assets ......

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MENA Digest: Connect Money leads fundraising; Smpl Holdings sets up VC fund

TMT

28 June, 2024

MENA Digest: Connect Money leads fundraising; Smpl Holdings sets up VC fund

Egyptian fintech startup Connect Money led funding activities in the Middle East and North Africa region this week. It raised $8 ......

Brookfield leads investment in Dubai's GEMS Education as CVC cuts stake

Consumer

19 June, 2024

Brookfield leads investment in Dubai's GEMS Education as CVC cuts stake

A consortium led by Brookfield Asset Management has agreed to invest in Dubai-based international education provider GEMS Education, the companies ......